ORTHO-VERRUE: 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-VERRUE
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€208,369
2024 · €322,596-€114,227
Equity
€1.7m
2024 · €2.3m-€657,770
Cash
€475,287
2024 · €453,493+€21,794
Balance sheet total
€4.8m
2024 · €4.9m-€58,973
Largest movements
Assets
- Tangible fixed assets -€61,417
down €61,417 (-1.4%), from €4.3m to €4.3m
of which Land and buildings: -€95,824
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+210%), from €907,685 to €2.8m
of which Other amounts payable: +€2.1m
- Other debts -€1.3m
down €1.3m (-97.2%), from €1.3m to €36,709
- Reserves -€657,770
down €657,770 (-28.4%), from €2.3m to €1.7m
of which Distributable reserves: -€651,055
- Current portion of long-term debt -€66,097
down €66,097 (-30.8%), from €214,747 to €148,651
Income statement
- Gross operating margin -€115,466
down €115,466 (-13.4%), from €860,248 to €744,782
- Staff costs +€10,683
up €10,683 (+19.6%), from €54,549 to €65,232
- Depreciation -€9,289
down €9,289 (-3.4%), from €275,240 to €265,951
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
€322,596
Gross operating margin
-€115,466
Staff costs
-€10,683
Depreciation
+€9,289
Other operating charges
-€5,691
Financial income
+€155
Financial charges
+€1,826
Taxes
+€6,343
Result 2025
€208,369
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
-€750,262
Investment
-€204,869
Financing
+€976,924
Cash 2024
€453,493
From operations (derived)
-€750,262
Net result for the year
+€208,369
Depreciation
+€265,951
Smaller working-capital items
-€1,328
Receivables within one year
+€22,000
Other debts
-€1.3m
Accrued charges and deferred income
+€33,168
Investment (derived)
-€204,869
Investment in fixed assets (net)
-€204,869
Financing
+€976,924
Debts after one year
+€1.9m
Current portion of long-term debt
-€66,097
Short-term financial debts
-€60
Contributions, distributions and other
-€866,139
Cash 2025
€475,287
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,899,129 | €4,840,156 | -€58,973 | -1.2% |
| Fixed assets | 21/28 | €4,345,444 | €4,284,362 | -€61,083 | -1.4% |
| Tangible fixed assets | 22/27 | €4,338,640 | €4,277,224 | -€61,417 | -1.4% |
| Land and buildings | 22 | €4,338,640 | €4,242,816 | -€95,824 | -2.2% |
| Furniture and vehicles | 24 | - | €34,407 | +€34,407 | |
| Financial fixed assets | 28 | €6,804 | €7,138 | +€334 | +4.9% |
| Current assets | 29/58 | €553,684 | €555,794 | +€2,110 | +0.4% |
| Stocks and contracts in progress | 3 | €7,200 | €6,048 | -€1,152 | -16.0% |
| Stocks | 30/36 | €7,200 | €6,048 | -€1,152 | -16.0% |
| Amounts receivable within one year | 40/41 | €81,990 | €59,990 | -€22,000 | -26.8% |
| Trade receivables | 40 | €51,110 | €31,442 | -€19,669 | -38.5% |
| Other amounts receivable | 41 | €30,880 | €28,548 | -€2,331 | -7.5% |
| Cash at bank and in hand | 54/58 | €453,493 | €475,287 | +€21,794 | +4.8% |
| Deferred charges and accrued income | 490/1 | €11,002 | €14,470 | +€3,468 | +31.5% |
| Total equity and liabilities | 10/49 | €4,899,129 | €4,840,156 | -€58,973 | -1.2% |
| Equity | 10/15 | €2,337,113 | €1,679,343 | -€657,770 | -28.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,318,521 | €1,660,751 | -€657,770 | -28.4% |
| Tax-exempt reserves | 132 | €128,675 | €121,960 | -€6,715 | -5.2% |
| Distributable reserves | 133 | €2,189,846 | €1,538,790 | -€651,055 | -29.7% |
| Provisions and deferred taxes | 16 | €50,662 | €47,718 | -€2,944 | -5.8% |
| Deferred taxes | 168 | €50,662 | €47,718 | -€2,944 | -5.8% |
| Amounts payable | 17/49 | €2,511,354 | €3,113,095 | +€601,741 | +24.0% |
| Amounts payable after more than one year | 17 | €907,685 | €2,816,905 | +€1.9m | +210% |
| Financial debts | 170/4 | €827,539 | €678,889 | -€148,651 | -18.0% |
| Other amounts payable | 178/9 | €80,145 | €2,138,017 | +€2.1m | +2,568% |
| Amounts payable within one year | 42/48 | €1,597,159 | €256,512 | -€1.3m | -83.9% |
| Current portion of amounts payable after more than one year | 42 | €214,747 | €148,651 | -€66,097 | -30.8% |
| Financial debts | 43 | €25,420 | €25,360 | -€60 | -0.2% |
| Credit institutions | 430/8 | €25,420 | €25,360 | -€60 | -0.2% |
| Trade debts | 44 | €1,603 | €6,246 | +€4,643 | +290% |
| Suppliers | 440/4 | €1,603 | €6,246 | +€4,643 | +290% |
| Taxes, remuneration and social security | 45 | €40,259 | €39,546 | -€712 | -1.8% |
| Taxes | 450/3 | €32,931 | €21,508 | -€11,423 | -34.7% |
| Remuneration and social security | 454/9 | €7,328 | €18,038 | +€10,710 | +146% |
| Other amounts payable | 47/48 | €1,315,129 | €36,709 | -€1.3m | -97.2% |
| Accrued charges and deferred income | 492/3 | €6,510 | €39,678 | +€33,168 | +509% |
| Non-recurring operating income | 76A | €119,428 | - | -€119,428 | |
| Remuneration, social security and pensions | 62 | €54,549 | €65,232 | +€10,683 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,240 | €265,951 | -€9,289 | -3.4% |
| Other operating charges | 640/8 | €27,211 | €32,902 | +€5,691 | +20.9% |
| Gross operating margin | 9900 | €860,248 | €744,782 | -€115,466 | -13.4% |
| Operating profit (loss) | 9901 | €503,248 | €380,697 | -€122,550 | -24.4% |
| Financial income | 75/76B | €17 | €172 | +€155 | +890% |
| Recurring financial income | 75 | €17 | €172 | +€155 | +890% |
| Financial charges | 65/66B | €42,338 | €40,512 | -€1,826 | -4.3% |
| Recurring financial charges | 65 | €42,338 | €40,512 | -€1,826 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €460,927 | €340,357 | -€120,569 | -26.2% |
| Transfer from deferred taxes | 780 | €2,944 | €2,944 | = | 0.0% |
| Income taxes | 67/77 | €141,275 | €134,932 | -€6,343 | -4.5% |
| Profit (loss) for the period | 9904 | €322,596 | €208,369 | -€114,227 | -35.4% |
| Transfer from tax-exempt reserves | 789 | €6,715 | €6,715 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €329,311 | €215,084 | -€114,227 | -34.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.