ORTHOBE: 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.
ORTHOBE
Largest movements
- Current investments +€162,516
new in 2025: €162,516
- Cash -€70,886
down €70,886 (-20.9%), from €339,615 to €268,728
mainly Current investments (-€162,516) and Contributions, distributions and other (-€47,853)
- Tangible fixed assets -€65,381
down €65,381 (-18.8%), from €347,611 to €282,230
of which Land and buildings: -€57,035
- Reserves +€41,626
up €41,626 (+6.5%), from €641,939 to €683,565
of which Distributable reserves: +€41,626
- Debts after one year -€9,961
down €9,961 (-92.2%), from €10,804 to €843
- Other debts -€8,331
down €8,331 (-62.4%), from €13,346 to €5,015
- Gross operating margin -€9,916
down €9,916 (-4.4%), from €223,926 to €214,009
- Financial income -€4,986
down €4,986 (-90.2%), from €5,528 to €542
- Depreciation +€4,872
up €4,872 (+6.7%), from €73,102 to €77,974
- Taxes -€3,733
down €3,733 (-8.2%), from €45,439 to €41,705
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 | €694,965 | €714,820 | +€19,855 | +2.9% |
| Fixed assets | 21/28 | €347,611 | €282,230 | -€65,381 | -18.8% |
| Tangible fixed assets | 22/27 | €347,611 | €282,230 | -€65,381 | -18.8% |
| Land and buildings | 22 | €289,885 | €232,850 | -€57,035 | -19.7% |
| Plant, machinery and equipment | 23 | - | €2,590 | +€2,590 | |
| Furniture and vehicles | 24 | €57,726 | €46,790 | -€10,936 | -18.9% |
| Current assets | 29/58 | €347,354 | €432,590 | +€85,236 | +24.5% |
| Amounts receivable within one year | 40/41 | €5,200 | - | -€5,200 | |
| Trade receivables | 40 | €5,200 | - | -€5,200 | |
| Current investments | 50/53 | - | €162,516 | +€162,516 | |
| Cash at bank and in hand | 54/58 | €339,615 | €268,728 | -€70,886 | -20.9% |
| Deferred charges and accrued income | 490/1 | €2,539 | €1,346 | -€1,193 | -47.0% |
| Total equity and liabilities | 10/49 | €694,965 | €714,820 | +€19,855 | +2.9% |
| Equity | 10/15 | €654,339 | €695,965 | +€41,626 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €641,939 | €683,565 | +€41,626 | +6.5% |
| Tax-exempt reserves | 132 | €2,739 | €2,739 | = | 0.0% |
| Distributable reserves | 133 | €639,200 | €680,826 | +€41,626 | +6.5% |
| Amounts payable | 17/49 | €40,626 | €18,855 | -€21,771 | -53.6% |
| Amounts payable after more than one year | 17 | €10,804 | €843 | -€9,961 | -92.2% |
| Financial debts | 170/4 | €10,804 | €843 | -€9,961 | -92.2% |
| Amounts payable within one year | 42/48 | €29,822 | €18,012 | -€11,810 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €9,688 | €9,961 | +€273 | +2.8% |
| Trade debts | 44 | €3,008 | €1,494 | -€1,514 | -50.3% |
| Suppliers | 440/4 | €3,008 | €1,494 | -€1,514 | -50.3% |
| Taxes, remuneration and social security | 45 | €3,781 | €1,543 | -€2,238 | -59.2% |
| Taxes | 450/3 | €3,781 | €1,543 | -€2,238 | -59.2% |
| Other amounts payable | 47/48 | €13,346 | €5,015 | -€8,331 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,102 | €77,974 | +€4,872 | +6.7% |
| Other operating charges | 640/8 | €5,858 | €3,776 | -€2,082 | -35.5% |
| Gross operating margin | 9900 | €223,926 | €214,009 | -€9,916 | -4.4% |
| Operating profit (loss) | 9901 | €144,966 | €132,259 | -€12,707 | -8.8% |
| Financial income | 75/76B | €5,528 | €542 | -€4,986 | -90.2% |
| Recurring financial income | 75 | €5,528 | €542 | -€4,986 | -90.2% |
| Financial charges | 65/66B | €1,415 | €1,618 | +€202 | +14.3% |
| Recurring financial charges | 65 | €1,415 | €1,618 | +€202 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €149,078 | €131,183 | -€17,895 | -12.0% |
| Income taxes | 67/77 | €45,439 | €41,705 | -€3,733 | -8.2% |
| Profit (loss) for the period | 9904 | €103,640 | €89,478 | -€14,162 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,640 | €89,478 | -€14,162 | -13.7% |
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 1 October 2026 via checked.be.