ORTHOBAN: 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.
ORTHOBAN
Largest movements
- Receivables within one year +€38,500
up €38,500 (+316%), from €12,173 to €50,674
of which Trade receivables: +€39,839
- Tangible fixed assets -€34,203
down €34,203 (-3.1%), from €1.1m to €1.1m
of which Land and buildings: -€29,650
- Debts after one year -€80,912
down €80,912 (-13.2%), from €612,428 to €531,517
- Reserves +€62,252
up €62,252 (+31.4%), from €198,163 to €260,415
of which Distributable reserves: +€62,252
- Other debts +€20,909
up €20,909 (+11.0%), from €189,974 to €210,882
- Short-term financial debts +€16,620
new in 2025: €16,620
- Current portion of long-term debt -€15,830
down €15,830 (-16.3%), from €97,256 to €81,426
- Depreciation -€68,338
down €68,338 (-53.0%), from €128,973 to €60,635
- Gross operating margin +€57,401
up €57,401 (+46.7%), from €122,806 to €180,207
- Taxes +€19,662
up €19,662 (+7,117%), from €276 to €19,939
- Financial charges +€10,533
up €10,533 (+47.4%), from €22,237 to €32,770
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,130,111 | €1,148,655 | +€18,543 | +1.6% |
| Fixed assets | 21/28 | €1,103,469 | €1,069,266 | -€34,203 | -3.1% |
| Tangible fixed assets | 22/27 | €1,102,269 | €1,068,066 | -€34,203 | -3.1% |
| Land and buildings | 22 | €954,457 | €924,807 | -€29,650 | -3.1% |
| Plant, machinery and equipment | 23 | €70,826 | €86,914 | +€16,088 | +22.7% |
| Furniture and vehicles | 24 | €76,985 | €56,345 | -€20,640 | -26.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €26,642 | €79,388 | +€52,746 | +198% |
| Amounts receivable within one year | 40/41 | €12,173 | €50,674 | +€38,500 | +316% |
| Trade receivables | 40 | €10,550 | €50,389 | +€39,839 | +378% |
| Other amounts receivable | 41 | €1,623 | €285 | -€1,338 | -82.4% |
| Cash at bank and in hand | 54/58 | €13,578 | €23,523 | +€9,945 | +73.2% |
| Deferred charges and accrued income | 490/1 | €891 | €5,192 | +€4,301 | +483% |
| Total equity and liabilities | 10/49 | €1,130,111 | €1,148,655 | +€18,543 | +1.6% |
| Equity | 10/15 | €216,763 | €279,015 | +€62,252 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,163 | €260,415 | +€62,252 | +31.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,303 | €258,555 | +€62,252 | +31.7% |
| Amounts payable | 17/49 | €913,348 | €869,639 | -€43,709 | -4.8% |
| Amounts payable after more than one year | 17 | €612,428 | €531,517 | -€80,912 | -13.2% |
| Financial debts | 170/4 | €612,428 | €531,517 | -€80,912 | -13.2% |
| Amounts payable within one year | 42/48 | €300,920 | €338,123 | +€37,203 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €97,256 | €81,426 | -€15,830 | -16.3% |
| Financial debts | 43 | - | €16,620 | +€16,620 | |
| Credit institutions | 430/8 | - | €16,620 | +€16,620 | |
| Trade debts | 44 | €1,245 | €16,792 | +€15,547 | +1,249% |
| Suppliers | 440/4 | €1,245 | €16,792 | +€15,547 | +1,249% |
| Taxes, remuneration and social security | 45 | €12,446 | €12,403 | -€43 | -0.3% |
| Taxes | 450/3 | €12,446 | €12,403 | -€43 | -0.3% |
| Other amounts payable | 47/48 | €189,974 | €210,882 | +€20,909 | +11.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,800 | €0 | -€9,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,973 | €60,635 | -€68,338 | -53.0% |
| Other operating charges | 640/8 | €3,792 | €4,647 | +€855 | +22.5% |
| Gross operating margin | 9900 | €122,806 | €180,207 | +€57,401 | +46.7% |
| Operating profit (loss) | 9901 | -€9,959 | €114,924 | +€124,884 | |
| Financial income | 75/76B | €15 | €36 | +€21 | +144% |
| Recurring financial income | 75 | €15 | €36 | +€21 | +144% |
| Financial charges | 65/66B | €22,237 | €32,770 | +€10,533 | +47.4% |
| Recurring financial charges | 65 | €22,237 | €32,770 | +€10,533 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,181 | €82,191 | +€114,372 | |
| Income taxes | 67/77 | €276 | €19,939 | +€19,662 | +7,117% |
| Profit (loss) for the period | 9904 | -€32,458 | €62,252 | +€94,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,458 | €62,252 | +€94,710 |
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 16 October 2026 via checked.be.