ORTHO PIERCOT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ORTHO PIERCOT
Largest movements
- Intangible fixed assets -€38,571
down €38,571 (-30.8%), from €125,357 to €86,786
- Cash +€33,759
up €33,759 (+17.8%), from €190,164 to €223,923
mainly Net result for the year (+€71,541) and Depreciation (+€60,679)
- Current investments +€24,000
up €24,000 (+600%), from €4,000 to €28,000
- Tangible fixed assets -€7,922
down €7,922 (-9.4%), from €84,554 to €76,633
of which Furniture and vehicles: -€14,656
- Profit (loss) carried forward +€70,708
up €70,708 (+38.1%), from €185,575 to €256,283
- Debts after one year -€28,192
down €28,192 (-31.9%), from €88,382 to €60,189
- Trade debts -€10,254
down €10,254 (-51.6%), from €19,890 to €9,636
- Other debts -€9,963
down €9,963 (-24.6%), from €40,533 to €30,569
- Accrued charges and deferred income -€4,961
down €4,961 (-89.1%), from €5,566 to €605
- Gross operating margin -€9,182
down €9,182 (-3.8%), from €243,354 to €234,172
- Staff costs +€5,613
up €5,613 (+7.7%), from €72,567 to €78,180
- Taxes -€4,843
down €4,843 (-21.9%), from €22,148 to €17,305
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,221 | €427,207 | +€15,985 | +3.9% |
| Fixed assets | 21/28 | €210,337 | €163,844 | -€46,493 | -22.1% |
| Intangible fixed assets | 21 | €125,357 | €86,786 | -€38,571 | -30.8% |
| Tangible fixed assets | 22/27 | €84,554 | €76,633 | -€7,922 | -9.4% |
| Plant, machinery and equipment | 23 | €34,768 | €41,819 | +€7,051 | +20.3% |
| Furniture and vehicles | 24 | €47,147 | €32,491 | -€14,656 | -31.1% |
| Other tangible fixed assets | 26 | €2,639 | €2,322 | -€317 | -12.0% |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €200,885 | €263,363 | +€62,478 | +31.1% |
| Amounts receivable within one year | 40/41 | €2,553 | €4,642 | +€2,089 | +81.8% |
| Trade receivables | 40 | €2,553 | €1,699 | -€854 | -33.4% |
| Other amounts receivable | 41 | €0 | €2,943 | +€2,943 | |
| Current investments | 50/53 | €4,000 | €28,000 | +€24,000 | +600% |
| Cash at bank and in hand | 54/58 | €190,164 | €223,923 | +€33,759 | +17.8% |
| Deferred charges and accrued income | 490/1 | €4,168 | €6,798 | +€2,631 | +63.1% |
| Total equity and liabilities | 10/49 | €411,221 | €427,207 | +€15,985 | +3.9% |
| Equity | 10/15 | €190,575 | €261,283 | +€70,708 | +37.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,575 | €256,283 | +€70,708 | +38.1% |
| Amounts payable | 17/49 | €220,646 | €165,923 | -€54,723 | -24.8% |
| Amounts payable after more than one year | 17 | €88,382 | €60,189 | -€28,192 | -31.9% |
| Financial debts | 170/4 | €88,382 | €60,189 | -€28,192 | -31.9% |
| Amounts payable within one year | 42/48 | €126,699 | €105,129 | -€21,570 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €27,211 | €28,192 | +€981 | +3.6% |
| Trade debts | 44 | €19,890 | €9,636 | -€10,254 | -51.6% |
| Suppliers | 440/4 | €19,890 | €9,636 | -€10,254 | -51.6% |
| Taxes, remuneration and social security | 45 | €39,065 | €36,731 | -€2,334 | -6.0% |
| Taxes | 450/3 | €24,318 | €24,276 | -€42 | -0.2% |
| Remuneration and social security | 454/9 | €14,747 | €12,454 | -€2,292 | -15.5% |
| Other amounts payable | 47/48 | €40,533 | €30,569 | -€9,963 | -24.6% |
| Accrued charges and deferred income | 492/3 | €5,566 | €605 | -€4,961 | -89.1% |
| Remuneration, social security and pensions | 62 | €72,567 | €78,180 | +€5,613 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,483 | €60,679 | -€804 | -1.3% |
| Other operating charges | 640/8 | €1,293 | €1,327 | +€34 | +2.6% |
| Non-recurring operating charges | 66A | - | €809 | +€809 | |
| Gross operating margin | 9900 | €243,354 | €234,172 | -€9,182 | -3.8% |
| Operating profit (loss) | 9901 | €108,010 | €93,177 | -€14,834 | -13.7% |
| Financial income | 75/76B | €1 | €1,087 | +€1,086 | +134,063% |
| Recurring financial income | 75 | €1 | €1,087 | +€1,086 | +134,063% |
| Financial charges | 65/66B | €6,344 | €5,417 | -€927 | -14.6% |
| Recurring financial charges | 65 | €6,344 | €5,417 | -€927 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €101,667 | €88,846 | -€12,821 | -12.6% |
| Income taxes | 67/77 | €22,148 | €17,305 | -€4,843 | -21.9% |
| Profit (loss) for the period | 9904 | €79,519 | €71,541 | -€7,978 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,519 | €71,541 | -€7,978 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.