ORTHO SALSA: 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 SALSA
Largest movements
- Cash -€33,263
down €33,263 (-34.2%), from €97,290 to €64,028
mainly Contributions, distributions and other (-€251,900) and Deferred charges and accrued income (-€9,219)
- Tangible fixed assets -€25,736
down €25,736 (-28.6%), from €90,086 to €64,350
of which Furniture and vehicles: -€24,821
- Receivables after one year -€23,500
down €23,500 (-12.5%), from €188,000 to €164,500
- Financial fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Deferred charges and accrued income +€9,219
up €9,219 (+6.1%), from €150,048 to €159,267
- Reserves -€87,262
down €87,262 (-14.1%), from €616,830 to €529,568
- Gross operating margin +€23,797
up €23,797 (+10.4%), from €228,769 to €252,566
- Depreciation -€14,706
down €14,706 (-85.4%), from €17,211 to €2,505
- Taxes +€9,045
up €9,045 (+13.9%), from €64,842 to €73,887
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 | €649,303 | €558,700 | -€90,604 | -14.0% |
| Fixed assets | 21/28 | €100,086 | €64,350 | -€35,736 | -35.7% |
| Tangible fixed assets | 22/27 | €90,086 | €64,350 | -€25,736 | -28.6% |
| Land and buildings | 22 | €6,637 | €5,722 | -€915 | -13.8% |
| Furniture and vehicles | 24 | €70,331 | €45,510 | -€24,821 | -35.3% |
| Other tangible fixed assets | 26 | €13,118 | €13,118 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €549,217 | €494,349 | -€54,868 | -10.0% |
| Amounts receivable after more than one year | 29 | €188,000 | €164,500 | -€23,500 | -12.5% |
| Other amounts receivable | 291 | €188,000 | €164,500 | -€23,500 | -12.5% |
| Amounts receivable within one year | 40/41 | €13,879 | €4,845 | -€9,034 | -65.1% |
| Other amounts receivable | 41 | €13,879 | €4,845 | -€9,034 | -65.1% |
| Current investments | 50/53 | €100,000 | €101,709 | +€1,709 | +1.7% |
| Cash at bank and in hand | 54/58 | €97,290 | €64,028 | -€33,263 | -34.2% |
| Deferred charges and accrued income | 490/1 | €150,048 | €159,267 | +€9,219 | +6.1% |
| Total equity and liabilities | 10/49 | €649,303 | €558,700 | -€90,604 | -14.0% |
| Equity | 10/15 | €635,430 | €548,168 | -€87,262 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €616,830 | €529,568 | -€87,262 | -14.1% |
| Distributable reserves | 133 | €616,830 | €529,568 | -€87,262 | -14.1% |
| Amounts payable | 17/49 | €13,874 | €10,531 | -€3,342 | -24.1% |
| Amounts payable within one year | 42/48 | €13,874 | €10,531 | -€3,342 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €5,098 | - | -€5,098 | |
| Trade debts | 44 | €2,407 | €25 | -€2,383 | -99.0% |
| Suppliers | 440/4 | €2,407 | €25 | -€2,383 | -99.0% |
| Taxes, remuneration and social security | 45 | - | €2,000 | +€2,000 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €6,368 | €8,507 | +€2,138 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,211 | €2,505 | -€14,706 | -85.4% |
| Other operating charges | 640/8 | €469 | €1,049 | +€580 | +124% |
| Non-recurring operating charges | 66A | €70 | €16,581 | +€16,511 | +23,591% |
| Gross operating margin | 9900 | €228,769 | €252,566 | +€23,797 | +10.4% |
| Operating profit (loss) | 9901 | €211,019 | €232,432 | +€21,413 | +10.1% |
| Financial income | 75/76B | €4,230 | €6,202 | +€1,972 | +46.6% |
| Recurring financial income | 75 | €4,230 | €6,202 | +€1,972 | +46.6% |
| Financial charges | 65/66B | €340 | €108 | -€232 | -68.2% |
| Recurring financial charges | 65 | €340 | €108 | -€232 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €214,909 | €238,526 | +€23,617 | +11.0% |
| Income taxes | 67/77 | €64,842 | €73,887 | +€9,045 | +13.9% |
| Profit (loss) for the period | 9904 | €150,067 | €164,638 | +€14,572 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,067 | €164,638 | +€14,572 | +9.7% |
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.