ORTHO VERHELLE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ORTHO VERHELLE
Largest movements
- Cash +€151,788
up €151,788 (+364%), from €41,662 to €193,450
mainly Net result for the year (+€113,687) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€6,507
up €6,507 (+38.2%), from €17,019 to €23,526
of which Other amounts receivable: +€12,957
- Deferred charges and accrued income +€5,896
up €5,896 (+6.2%), from €95,579 to €101,475
- Reserves +€113,687
up €113,687 (+67.2%), from €169,283 to €282,970
- Gross operating margin +€2,501
up €2,501 (+1.7%), from €149,261 to €151,762
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,206 | €319,742 | +€112,536 | +54.3% |
| Fixed assets | 21/28 | €2,945 | €1,290 | -€1,655 | -56.2% |
| Tangible fixed assets | 22/27 | €2,895 | €1,000 | -€1,895 | -65.5% |
| Plant, machinery and equipment | 23 | €933 | €627 | -€306 | -32.8% |
| Furniture and vehicles | 24 | €1,963 | €373 | -€1,590 | -81.0% |
| Financial fixed assets | 28 | €50 | €290 | +€240 | +480% |
| Current assets | 29/58 | €204,260 | €318,452 | +€114,191 | +55.9% |
| Amounts receivable within one year | 40/41 | €17,019 | €23,526 | +€6,507 | +38.2% |
| Trade receivables | 40 | €6,450 | - | -€6,450 | |
| Other amounts receivable | 41 | €10,569 | €23,526 | +€12,957 | +123% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €41,662 | €193,450 | +€151,788 | +364% |
| Deferred charges and accrued income | 490/1 | €95,579 | €101,475 | +€5,896 | +6.2% |
| Total equity and liabilities | 10/49 | €207,206 | €319,742 | +€112,536 | +54.3% |
| Equity | 10/15 | €170,283 | €283,970 | +€113,687 | +66.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €169,283 | €282,970 | +€113,687 | +67.2% |
| Distributable reserves | 133 | €169,283 | €282,970 | +€113,687 | +67.2% |
| Amounts payable | 17/49 | €36,923 | €35,772 | -€1,151 | -3.1% |
| Amounts payable within one year | 42/48 | €36,923 | €35,772 | -€1,151 | -3.1% |
| Trade debts | 44 | €2,416 | €2,514 | +€98 | +4.0% |
| Suppliers | 440/4 | €2,416 | €2,514 | +€98 | +4.0% |
| Taxes, remuneration and social security | 45 | €34,507 | €33,258 | -€1,249 | -3.6% |
| Taxes | 450/3 | €32,550 | €33,258 | +€708 | +2.2% |
| Remuneration and social security | 454/9 | €1,956 | - | -€1,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,357 | €1,895 | +€538 | +39.6% |
| Gross operating margin | 9900 | €149,261 | €151,762 | +€2,501 | +1.7% |
| Operating profit (loss) | 9901 | €147,904 | €149,867 | +€1,963 | +1.3% |
| Financial income | 75/76B | €544 | €651 | +€108 | +19.8% |
| Recurring financial income | 75 | €544 | €651 | +€108 | +19.8% |
| Non-recurring financial income | 76B | €544 | - | -€544 | |
| Financial charges | 65/66B | €3,498 | €3,377 | -€121 | -3.5% |
| Recurring financial charges | 65 | €3,498 | €3,377 | -€121 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €144,950 | €147,141 | +€2,191 | +1.5% |
| Income taxes | 67/77 | €32,550 | €33,453 | +€903 | +2.8% |
| Profit (loss) for the period | 9904 | €112,399 | €113,687 | +€1,288 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,399 | €113,687 | +€1,288 | +1.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.