ORTHO-TECH SMEETS: 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.
What changed
ORTHO-TECH SMEETS
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€160,337
2024 · €162,313-€1,975
Equity
€1.3m
2024 · €1.2m+€35,337
Cash
€713,670
2024 · €719,178-€5,507
Balance sheet total
€1.4m
2024 · €1.4m-€46,461
Largest movements
Assets
- Tangible fixed assets -€58,462
down €58,462 (-11.0%), from €529,397 to €470,935
of which Land and buildings: -€37,520
Equity and liabilities
- Accrued charges and deferred income -€111,010
down €111,010 (-100%), from €111,010 to €0
- Reserves +€35,337
up €35,337 (+3.8%), from €922,514 to €957,851
of which Distributable reserves: +€35,337
- Tax, wage and social debts +€16,541
up €16,541 (+39.7%), from €41,706 to €58,247
of which Taxes: +€26,688
Income statement
- Gross operating margin -€70,245
down €70,245 (-12.6%), from €559,203 to €488,959
- Staff costs -€70,110
down €70,110 (-30.0%), from €233,988 to €163,878
- Taxes +€14,907
up €14,907 (+18.7%), from €79,803 to €94,710
- Depreciation -€9,508
down €9,508 (-12.7%), from €74,919 to €65,411
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.
Result 2024
€162,313
Gross operating margin
-€70,245
Staff costs
+€70,110
Depreciation
+€9,508
Other operating charges
-€151
Financial income
+€4,849
Financial charges
-€1,141
Taxes
-€14,907
Result 2025
€160,337
raises the resultlowers the result
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.
From operations
+€128,173
Investment
-€6,949
Financing
-€126,731
Cash 2024
€719,178
From operations (derived)
+€128,173
Net result for the year
+€160,337
Depreciation
+€65,411
Stocks and contracts
-€8,239
Receivables within one year
+€1,053
Deferred charges and accrued income
-€10,322
Trade debts
+€13,338
Tax, wage and social debts
+€16,541
Advances received
+€264
Other debts
+€800
Accrued charges and deferred income
-€111,010
Investment (derived)
-€6,949
Investment in fixed assets (net)
-€6,949
Financing
-€126,731
Current portion of long-term debt
-€1,731
Contributions, distributions and other
-€125,000
Cash 2025
€713,670
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,279 | €1,384,818 | -€46,461 | -3.2% |
| Fixed assets | 21/28 | €529,397 | €470,935 | -€58,462 | -11.0% |
| Tangible fixed assets | 22/27 | €529,397 | €470,935 | -€58,462 | -11.0% |
| Land and buildings | 22 | €475,591 | €438,071 | -€37,520 | -7.9% |
| Plant, machinery and equipment | 23 | €12,656 | €7,253 | -€5,403 | -42.7% |
| Furniture and vehicles | 24 | €36,486 | €21,638 | -€14,848 | -40.7% |
| Other tangible fixed assets | 26 | €4,664 | €3,973 | -€691 | -14.8% |
| Current assets | 29/58 | €901,882 | €913,883 | +€12,001 | +1.3% |
| Stocks and contracts in progress | 3 | €126,553 | €134,793 | +€8,239 | +6.5% |
| Stocks | 30/36 | €126,553 | €134,793 | +€8,239 | +6.5% |
| Amounts receivable within one year | 40/41 | €56,151 | €55,098 | -€1,053 | -1.9% |
| Trade receivables | 40 | €55,796 | €54,892 | -€904 | -1.6% |
| Other amounts receivable | 41 | €356 | €206 | -€150 | -42.1% |
| Cash at bank and in hand | 54/58 | €719,178 | €713,670 | -€5,507 | -0.8% |
| Deferred charges and accrued income | 490/1 | €0 | €10,322 | +€10,322 | |
| Total equity and liabilities | 10/49 | €1,431,279 | €1,384,818 | -€46,461 | -3.2% |
| Equity | 10/15 | €1,247,421 | €1,282,758 | +€35,337 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €922,514 | €957,851 | +€35,337 | +3.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,667 | €4,667 | = | 0.0% |
| Distributable reserves | 133 | €915,988 | €951,325 | +€35,337 | +3.9% |
| Profit (loss) carried forward | 14 | €306,315 | €306,315 | = | 0.0% |
| Amounts payable | 17/49 | €183,858 | €102,060 | -€81,798 | -44.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €72,848 | €102,060 | +€29,212 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €20,241 | €18,510 | -€1,731 | -8.6% |
| Trade debts | 44 | €10,900 | €24,238 | +€13,338 | +122% |
| Suppliers | 440/4 | €10,900 | €24,238 | +€13,338 | +122% |
| Advances received on contracts in progress | 46 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | €41,706 | €58,247 | +€16,541 | +39.7% |
| Taxes | 450/3 | €15,840 | €42,528 | +€26,688 | +168% |
| Remuneration and social security | 454/9 | €25,866 | €15,719 | -€10,147 | -39.2% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | €111,010 | €0 | -€111,010 | -100% |
| Non-recurring operating income | 76A | €0 | €8,403 | +€8,403 | |
| Remuneration, social security and pensions | 62 | €233,988 | €163,878 | -€70,110 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,919 | €65,411 | -€9,508 | -12.7% |
| Other operating charges | 640/8 | €5,423 | €5,574 | +€151 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €559,203 | €488,959 | -€70,245 | -12.6% |
| Operating profit (loss) | 9901 | €244,873 | €254,096 | +€9,223 | +3.8% |
| Financial income | 75/76B | €1,269 | €6,119 | +€4,849 | +382% |
| Recurring financial income | 75 | €1,269 | €6,119 | +€4,849 | +382% |
| Financial charges | 65/66B | €4,027 | €5,167 | +€1,141 | +28.3% |
| Recurring financial charges | 65 | €4,027 | €5,167 | +€1,141 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €242,116 | €255,047 | +€12,932 | +5.3% |
| Income taxes | 67/77 | €79,803 | €94,710 | +€14,907 | +18.7% |
| Profit (loss) for the period | 9904 | €162,313 | €160,337 | -€1,975 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,313 | €160,337 | -€1,975 | -1.2% |
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 29 October 2026 via checked.be.