ORTHO-STEL: 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-STEL
Largest movements
- Receivables within one year -€25,973
down €25,973 (-3.6%), from €724,942 to €698,969
of which Other amounts receivable: -€15,048
- Deferred charges and accrued income +€21,527
up €21,527 (+55.7%), from €38,668 to €60,194
- Reserves +€31,648
up €31,648 (+7.3%), from €433,910 to €465,558
of which Distributable reserves: +€31,648
- Tax, wage and social debts -€31,212
down €31,212 (-30.2%), from €103,236 to €72,024
- Gross operating margin -€57,682
down €57,682 (-71.2%), from €81,066 to €23,384
- Taxes -€22,890
down €22,890 (-66.9%), from €34,232 to €11,342
- Financial charges -€905
down €905 (-61.9%), from €1,464 to €558
- Financial income +€881
up €881 (+4.3%), from €20,646 to €21,527
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,076 | €762,160 | -€5,916 | -0.8% |
| Fixed assets | 21/28 | €328 | €545 | +€217 | +66.4% |
| Tangible fixed assets | 22/27 | €328 | €545 | +€217 | +66.4% |
| Plant, machinery and equipment | 23 | - | €456 | +€456 | |
| Furniture and vehicles | 24 | €328 | €90 | -€238 | -72.7% |
| Current assets | 29/58 | €767,748 | €761,615 | -€6,133 | -0.8% |
| Amounts receivable within one year | 40/41 | €724,942 | €698,969 | -€25,973 | -3.6% |
| Trade receivables | 40 | €10,925 | - | -€10,925 | |
| Other amounts receivable | 41 | €714,017 | €698,969 | -€15,048 | -2.1% |
| Cash at bank and in hand | 54/58 | €4,138 | €2,451 | -€1,687 | -40.8% |
| Deferred charges and accrued income | 490/1 | €38,668 | €60,194 | +€21,527 | +55.7% |
| Total equity and liabilities | 10/49 | €768,076 | €762,160 | -€5,916 | -0.8% |
| Equity | 10/15 | €644,723 | €676,371 | +€31,648 | +4.9% |
| Contributions | 10/11 | €12,550 | €12,550 | = | 0.0% |
| Reserves | 13 | €433,910 | €465,558 | +€31,648 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €432,050 | €463,698 | +€31,648 | +7.3% |
| Profit (loss) carried forward | 14 | €198,263 | €198,263 | = | 0.0% |
| Amounts payable | 17/49 | €123,353 | €85,789 | -€37,564 | -30.5% |
| Amounts payable after more than one year | 17 | €6,484 | €1,400 | -€5,084 | -78.4% |
| Financial debts | 170/4 | €6,484 | €1,400 | -€5,084 | -78.4% |
| Amounts payable within one year | 42/48 | €116,383 | €84,389 | -€31,994 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €6,600 | €3,554 | -€3,046 | -46.2% |
| Trade debts | 44 | €6,547 | €8,810 | +€2,263 | +34.6% |
| Suppliers | 440/4 | €6,547 | €8,810 | +€2,263 | +34.6% |
| Taxes, remuneration and social security | 45 | €103,236 | €72,024 | -€31,212 | -30.2% |
| Taxes | 450/3 | €103,236 | €72,024 | -€31,212 | -30.2% |
| Accrued charges and deferred income | 492/3 | €486 | - | -€486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €341 | -€432 | -55.9% |
| Other operating charges | 640/8 | €920 | €1,022 | +€103 | +11.2% |
| Gross operating margin | 9900 | €81,066 | €23,384 | -€57,682 | -71.2% |
| Operating profit (loss) | 9901 | €79,374 | €22,021 | -€57,353 | -72.3% |
| Financial income | 75/76B | €20,646 | €21,527 | +€881 | +4.3% |
| Recurring financial income | 75 | €20,646 | €21,527 | +€881 | +4.3% |
| Financial charges | 65/66B | €1,464 | €558 | -€905 | -61.9% |
| Recurring financial charges | 65 | €1,464 | €558 | -€905 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €98,556 | €42,990 | -€55,567 | -56.4% |
| Income taxes | 67/77 | €34,232 | €11,342 | -€22,890 | -66.9% |
| Profit (loss) for the period | 9904 | €64,325 | €31,648 | -€32,677 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,325 | €31,648 | -€32,677 | -50.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.