ORTHO RAICK: 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 RAICK
Largest movements
- Current investments -€50,000
down €50,000 (-26.3%), from €190,000 to €140,000
- Cash +€33,913
up €33,913 (+125%), from €27,209 to €61,122
mainly Net result for the year (+€171,315) and Current investments (+€50,000)
- Receivables within one year +€19,137
up €19,137 (+151%), from €12,709 to €31,846
of which Trade receivables: +€23,249
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Reserves -€53,015
down €53,015 (-54.7%), from €96,977 to €43,962
- Other debts +€44,479
up €44,479 (+33.7%), from €131,884 to €176,363
- Tax, wage and social debts +€5,171
up €5,171 (+150%), from €3,450 to €8,621
- Gross operating margin +€63,379
up €63,379 (+38.2%), from €165,714 to €229,093
- Taxes +€16,088
up €16,088 (+45.3%), from €35,513 to €51,601
- Financial income -€2,364
down €2,364 (-66.5%), from €3,556 to €1,192
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 | €250,916 | €247,546 | -€3,370 | -1.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,277 | €13,555 | -€6,722 | -33.1% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Tangible fixed assets | 22/27 | €2,277 | €1,555 | -€722 | -31.7% |
| Furniture and vehicles | 24 | €2,277 | €1,555 | -€722 | -31.7% |
| Current assets | 29/58 | €230,639 | €233,990 | +€3,351 | +1.5% |
| Amounts receivable within one year | 40/41 | €12,709 | €31,846 | +€19,137 | +151% |
| Trade receivables | 40 | €8,597 | €31,846 | +€23,249 | +270% |
| Other amounts receivable | 41 | €4,111 | - | -€4,111 | |
| Current investments | 50/53 | €190,000 | €140,000 | -€50,000 | -26.3% |
| Cash at bank and in hand | 54/58 | €27,209 | €61,122 | +€33,913 | +125% |
| Deferred charges and accrued income | 490/1 | €722 | €1,023 | +€301 | +41.7% |
| Total equity and liabilities | 10/49 | €250,916 | €247,546 | -€3,370 | -1.3% |
| Equity | 10/15 | €115,577 | €62,562 | -€53,015 | -45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,977 | €43,962 | -€53,015 | -54.7% |
| Distributable reserves | 133 | €96,977 | €43,962 | -€53,015 | -54.7% |
| Amounts payable | 17/49 | €135,339 | €184,984 | +€49,645 | +36.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €135,339 | €184,984 | +€49,645 | +36.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5 | - | -€5 | |
| Suppliers | 440/4 | €5 | - | -€5 | |
| Taxes, remuneration and social security | 45 | €3,450 | €8,621 | +€5,171 | +150% |
| Taxes | 450/3 | €3,450 | €8,621 | +€5,171 | +150% |
| Other amounts payable | 47/48 | €131,884 | €176,363 | +€44,479 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,563 | €6,722 | +€159 | +2.4% |
| Other operating charges | 640/8 | €1,005 | €516 | -€490 | -48.7% |
| Gross operating margin | 9900 | €165,714 | €229,093 | +€63,379 | +38.2% |
| Operating profit (loss) | 9901 | €158,146 | €221,856 | +€63,710 | +40.3% |
| Financial income | 75/76B | €3,556 | €1,192 | -€2,364 | -66.5% |
| Recurring financial income | 75 | €3,556 | €1,192 | -€2,364 | -66.5% |
| Financial charges | 65/66B | €126 | €132 | +€6 | +5.1% |
| Recurring financial charges | 65 | €126 | €132 | +€6 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €161,577 | €222,916 | +€61,339 | +38.0% |
| Income taxes | 67/77 | €35,513 | €51,601 | +€16,088 | +45.3% |
| Profit (loss) for the period | 9904 | €126,063 | €171,315 | +€45,252 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,063 | €171,315 | +€45,252 | +35.9% |
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 20 October 2026 via checked.be.