ORTHOBANE: what changed
Two fiscal 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.
ORTHOBANE
Largest movements
- Tangible fixed assets -€348,986
down €348,986 (-47.0%), from €742,499 to €393,514
of which Land and buildings: -€177,324
- Current investments +€202,666
up €202,666 (+1720.9%), from €11,776 to €214,442
- Cash +€180,990
up €180,990 (+235.5%), from €76,856 to €257,847
mainly Investment in fixed assets (net) (+€328,053) and Receivables within one year (+€107,193)
- Receivables within one year -€107,193
down €107,193 (-16.9%), from €634,582 to €527,389
- Debts after one year -€108,543
down €108,543 (-35.0%), from €310,332 to €201,789
- Reserves +€90,000
up €90,000 (+10.6%), from €851,860 to €941,860
of which Distributable reserves: +€90,000
- Trade debts -€75,249
down €75,249 (-90.3%), from €83,306 to €8,057
- Tax, wage and social debts -€38,299
down €38,299 (-30.9%), from €123,775 to €85,476
of which Taxes: -€38,173
- Accrued charges and deferred income +€31,783
new in 2025: €31,783
- Gross operating margin -€97,823
down €97,823 (-28.9%), from €338,193 to €240,370
- Depreciation -€34,077
down €34,077 (-61.1%), from €55,768 to €21,692
- Taxes -€10,927
down €10,927 (-25.8%), from €42,325 to €31,398
- Financial income -€5,174
down €5,174 (-13.6%), from €38,163 to €32,989
of which Financial income: -€5,665
- Financial charges -€3,614
down €3,614 (-11.1%), from €32,689 to €29,075
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 | €1,480,959 | €1,404,672 | -€76,286 | -5.2% |
| Fixed assets | 21/28 | €746,285 | €396,540 | -€349,745 | -46.9% |
| Intangible fixed assets | 21 | €1,347 | €588 | -€759 | -56.4% |
| Tangible fixed assets | 22/27 | €742,499 | €393,514 | -€348,986 | -47.0% |
| Land and buildings | 22 | €492,230 | €314,906 | -€177,324 | -36.0% |
| Plant, machinery and equipment | 23 | €86,528 | €38,301 | -€48,227 | -55.7% |
| Furniture and vehicles | 24 | €10,634 | €14,019 | +€3,385 | +31.8% |
| Leasing and similar rights | 25 | €3,455 | €137 | -€3,318 | -96.0% |
| Other tangible fixed assets | 26 | €149,652 | €26,151 | -€123,501 | -82.5% |
| Financial fixed assets | 28 | €2,439 | €2,439 | = | 0.0% |
| Current assets | 29/58 | €734,674 | €1,008,133 | +€273,458 | +37.2% |
| Amounts receivable within one year | 40/41 | €634,582 | €527,389 | -€107,193 | -16.9% |
| Other amounts receivable | 41 | €634,582 | €527,389 | -€107,193 | -16.9% |
| Current investments | 50/53 | €11,776 | €214,442 | +€202,666 | +1720.9% |
| Cash at bank and in hand | 54/58 | €76,856 | €257,847 | +€180,990 | +235.5% |
| Deferred charges and accrued income | 490/1 | €11,460 | €8,455 | -€3,005 | -26.2% |
| Total equity and liabilities | 10/49 | €1,480,959 | €1,404,672 | -€76,286 | -5.2% |
| Equity | 10/15 | €866,815 | €956,408 | +€89,593 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €851,860 | €941,860 | +€90,000 | +10.6% |
| 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 | €850,000 | €940,000 | +€90,000 | +10.6% |
| Profit (loss) carried forward | 14 | €2,555 | €2,148 | -€407 | -15.9% |
| Amounts payable | 17/49 | €614,144 | €448,264 | -€165,880 | -27.0% |
| Amounts payable after more than one year | 17 | €310,332 | €201,789 | -€108,543 | -35.0% |
| Financial debts | 170/4 | €310,332 | €201,789 | -€108,543 | -35.0% |
| Amounts payable within one year | 42/48 | €303,812 | €214,692 | -€89,120 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €96,731 | €113,114 | +€16,382 | +16.9% |
| Trade debts | 44 | €83,306 | €8,057 | -€75,249 | -90.3% |
| Suppliers | 440/4 | €83,306 | €8,057 | -€75,249 | -90.3% |
| Taxes, remuneration and social security | 45 | €123,775 | €85,476 | -€38,299 | -30.9% |
| Taxes | 450/3 | €110,492 | €72,319 | -€38,173 | -34.5% |
| Remuneration and social security | 454/9 | €13,283 | €13,158 | -€126 | -0.9% |
| Other amounts payable | 47/48 | - | €8,045 | +€8,045 | |
| Accrued charges and deferred income | 492/3 | - | €31,783 | +€31,783 | |
| Non-recurring operating income | 76A | €13,567 | - | -€13,567 | |
| Remuneration, social security and pensions | 62 | €71,767 | €73,112 | +€1,346 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,768 | €21,692 | -€34,077 | -61.1% |
| Other operating charges | 640/8 | €8,086 | €5,997 | -€2,089 | -25.8% |
| Non-recurring operating charges | 66A | - | €22,491 | +€22,491 | |
| Gross operating margin | 9900 | €338,193 | €240,370 | -€97,823 | -28.9% |
| Operating profit (loss) | 9901 | €202,572 | €117,078 | -€85,494 | -42.2% |
| Financial income | 75/76B | €38,163 | €32,989 | -€5,174 | -13.6% |
| Recurring financial income | 75 | €38,163 | €32,497 | -€5,665 | -14.8% |
| Non-recurring financial income | 76B | - | €491 | +€491 | |
| Financial charges | 65/66B | €32,689 | €29,075 | -€3,614 | -11.1% |
| Recurring financial charges | 65 | €32,689 | €29,075 | -€3,614 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €208,046 | €120,991 | -€87,055 | -41.8% |
| Income taxes | 67/77 | €42,325 | €31,398 | -€10,927 | -25.8% |
| Profit (loss) for the period | 9904 | €165,721 | €89,593 | -€76,127 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,721 | €89,593 | -€76,127 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.