ORTHO.VANDERLINDEN: 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.VANDERLINDEN
Largest movements
- Tangible fixed assets +€568,664
up €568,664 (+15,003%), from €3,790 to €572,454
of which Land and buildings: +€563,443
- Current investments +€209,710
new in 2026: €209,710
- Receivables within one year -€80,778
down €80,778 (-75.1%), from €107,529 to €26,751
of which Trade receivables: -€58,842
- Cash +€16,953
up €16,953 (+30.2%), from €56,071 to €73,024
mainly Debts after one year (+€673,567) and Receivables within one year (+€80,778)
- Deferred charges and accrued income +€12,405
up €12,405 (+23.2%), from €53,479 to €65,884
- Debts after one year +€673,567
new in 2026: €673,567
- Reserves +€52,616
up €52,616 (+32.6%), from €161,249 to €213,865
- Current portion of long-term debt +€25,292
new in 2026: €25,292
- Tax, wage and social debts -€19,466
down €19,466 (-40.2%), from €48,464 to €28,998
- Other operating charges +€101,278
up €101,278 (+31,463%), from €322 to €101,600
- Taxes -€29,166
down €29,166 (-60.2%), from €48,464 to €19,298
- Depreciation +€23,725
up €23,725 (+11,553%), from €205 to €23,930
- Financial charges +€21,142
up €21,142 (+7,258%), from €291 to €21,433
- Gross operating margin +€7,034
up €7,034 (+3.4%), from €209,869 to €216,903
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,870 | €947,823 | +€726,954 | +329% |
| Fixed assets | 21/28 | €3,790 | €572,454 | +€568,664 | +15,003% |
| Tangible fixed assets | 22/27 | €3,790 | €572,454 | +€568,664 | +15,003% |
| Land and buildings | 22 | - | €563,443 | +€563,443 | |
| Furniture and vehicles | 24 | €3,790 | €4,236 | +€446 | +11.8% |
| Other tangible fixed assets | 26 | - | €4,775 | +€4,775 | |
| Current assets | 29/58 | €217,079 | €375,369 | +€158,290 | +72.9% |
| Amounts receivable within one year | 40/41 | €107,529 | €26,751 | -€80,778 | -75.1% |
| Trade receivables | 40 | €61,000 | €2,158 | -€58,842 | -96.5% |
| Other amounts receivable | 41 | €46,529 | €24,593 | -€21,936 | -47.1% |
| Current investments | 50/53 | - | €209,710 | +€209,710 | |
| Cash at bank and in hand | 54/58 | €56,071 | €73,024 | +€16,953 | +30.2% |
| Deferred charges and accrued income | 490/1 | €53,479 | €65,884 | +€12,405 | +23.2% |
| Total equity and liabilities | 10/49 | €220,870 | €947,823 | +€726,954 | +329% |
| Equity | 10/15 | €166,249 | €218,865 | +€52,616 | +31.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,249 | €213,865 | +€52,616 | +32.6% |
| Distributable reserves | 133 | €161,249 | €213,865 | +€52,616 | +32.6% |
| Amounts payable | 17/49 | €54,621 | €728,958 | +€674,337 | +1,235% |
| Amounts payable after more than one year | 17 | - | €673,567 | +€673,567 | |
| Financial debts | 170/4 | - | €673,567 | +€673,567 | |
| Amounts payable within one year | 42/48 | €54,621 | €55,391 | +€770 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €25,292 | +€25,292 | |
| Trade debts | 44 | €5,324 | €267 | -€5,057 | -95.0% |
| Suppliers | 440/4 | €5,324 | €267 | -€5,057 | -95.0% |
| Taxes, remuneration and social security | 45 | €48,464 | €28,998 | -€19,466 | -40.2% |
| Taxes | 450/3 | €48,464 | €28,998 | -€19,466 | -40.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €23,930 | +€23,725 | +11,553% |
| Other operating charges | 640/8 | €322 | €101,600 | +€101,278 | +31,463% |
| Gross operating margin | 9900 | €209,869 | €216,903 | +€7,034 | +3.4% |
| Operating profit (loss) | 9901 | €209,342 | €91,373 | -€117,969 | -56.4% |
| Financial income | 75/76B | €1,495 | €2,812 | +€1,318 | +88.1% |
| Recurring financial income | 75 | €1,495 | €2,812 | +€1,318 | +88.1% |
| Financial charges | 65/66B | €291 | €21,433 | +€21,142 | +7,258% |
| Recurring financial charges | 65 | €291 | €21,433 | +€21,142 | +7,258% |
| Profit (loss) for the period before taxes | 9903 | €210,545 | €72,752 | -€137,793 | -65.4% |
| Income taxes | 67/77 | €48,464 | €19,298 | -€29,166 | -60.2% |
| Profit (loss) for the period | 9904 | €162,082 | €53,454 | -€108,627 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,082 | €53,454 | -€108,627 | -67.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.