ORTHO-TRENDS: 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-TRENDS
Largest movements
- Current investments -€650,000
down €650,000 (-72.2%), from €900,000 to €250,000
- Cash +€549,485
up €549,485 (+192.7%), from €285,145 to €834,630
mainly Net result for the year (+€682,299) and Current investments (+€650,000)
- Receivables within one year -€24,261
down €24,261 (-13.6%), from €178,606 to €154,345
of which Trade receivables: -€24,261
- Trade debts -€77,012
down €77,012 (-42.3%), from €182,242 to €105,230
- Other debts -€72,064
down €72,064 (-8.4%), from €853,826 to €781,762
- Gross operating margin -€125,396
down €125,396 (-10.7%), from €1.2m to €1.0m
- Staff costs -€26,189
down €26,189 (-16.3%), from €160,347 to €134,158
- Taxes -€25,297
down €25,297 (-9.9%), from €254,888 to €229,591
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.
Cash bridge derived
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 | €1,819,575 | €1,681,863 | -€137,712 | -7.6% |
| Fixed assets | 21/28 | €18,725 | €10,680 | -€8,046 | -43.0% |
| Intangible fixed assets | 21 | €8,163 | €1,457 | -€6,707 | -82.2% |
| Tangible fixed assets | 22/27 | €10,562 | €9,223 | -€1,339 | -12.7% |
| Plant, machinery and equipment | 23 | €7,883 | €8,358 | +€474 | +6.0% |
| Furniture and vehicles | 24 | €2,679 | €866 | -€1,813 | -67.7% |
| Current assets | 29/58 | €1,800,849 | €1,671,183 | -€129,666 | -7.2% |
| Stocks and contracts in progress | 3 | €431,814 | €428,415 | -€3,399 | -0.8% |
| Stocks | 30/36 | €431,814 | €428,415 | -€3,399 | -0.8% |
| Amounts receivable within one year | 40/41 | €178,606 | €154,345 | -€24,261 | -13.6% |
| Trade receivables | 40 | €178,606 | €154,345 | -€24,261 | -13.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €900,000 | €250,000 | -€650,000 | -72.2% |
| Cash at bank and in hand | 54/58 | €285,145 | €834,630 | +€549,485 | +192.7% |
| Deferred charges and accrued income | 490/1 | €5,284 | €3,793 | -€1,491 | -28.2% |
| Total equity and liabilities | 10/49 | €1,819,575 | €1,681,863 | -€137,712 | -7.6% |
| Equity | 10/15 | €726,676 | €728,976 | +€2,299 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €708,084 | €710,384 | +€2,299 | +0.3% |
| Distributable reserves | 133 | €708,084 | €710,384 | +€2,299 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,092,899 | €952,887 | -€140,011 | -12.8% |
| Amounts payable within one year | 42/48 | €1,092,899 | €952,887 | -€140,011 | -12.8% |
| Trade debts | 44 | €182,242 | €105,230 | -€77,012 | -42.3% |
| Suppliers | 440/4 | €182,242 | €105,230 | -€77,012 | -42.3% |
| Taxes, remuneration and social security | 45 | €56,831 | €65,895 | +€9,064 | +15.9% |
| Taxes | 450/3 | €39,246 | €50,991 | +€11,745 | +29.9% |
| Remuneration and social security | 454/9 | €17,585 | €14,904 | -€2,681 | -15.2% |
| Other amounts payable | 47/48 | €853,826 | €781,762 | -€72,064 | -8.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €160,347 | €134,158 | -€26,189 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,442 | €10,241 | -€202 | -1.9% |
| Other operating charges | 640/8 | €9,760 | €9,826 | +€66 | +0.7% |
| Gross operating margin | 9900 | €1,169,009 | €1,043,613 | -€125,396 | -10.7% |
| Operating profit (loss) | 9901 | €988,459 | €889,388 | -€99,072 | -10.0% |
| Financial income | 75/76B | €34,938 | €24,483 | -€10,455 | -29.9% |
| Recurring financial income | 75 | €34,938 | €24,483 | -€10,455 | -29.9% |
| Financial charges | 65/66B | €11,311 | €1,980 | -€9,331 | -82.5% |
| Recurring financial charges | 65 | €11,311 | €1,980 | -€9,331 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €1,012,087 | €911,891 | -€100,196 | -9.9% |
| Income taxes | 67/77 | €254,888 | €229,591 | -€25,297 | -9.9% |
| Profit (loss) for the period | 9904 | €757,199 | €682,299 | -€74,899 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €757,199 | €682,299 | -€74,899 | -9.9% |
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 10 October 2026 via checked.be.