ORTHOBELLO: 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.
ORTHOBELLO
Largest movements
- Receivables within one year +€199,946
up €199,946 (+107%), from €187,732 to €387,678
of which Other amounts receivable: +€128,938
- Cash -€159,649
down €159,649 (-47.8%), from €333,719 to €174,070
mainly Contributions, distributions and other (-€287,267) and Receivables within one year (-€199,946)
- Tangible fixed assets -€110,503
down €110,503 (-17.6%), from €628,172 to €517,669
of which Other tangible fixed assets: -€67,412
- Trade debts -€190,984
down €190,984 (-76.8%), from €248,548 to €57,565
- Other debts +€86,985
up €86,985 (+43.2%), from €201,522 to €288,506
- Tax, wage and social debts +€86,917
up €86,917 (+58.8%), from €147,759 to €234,676
of which Taxes: +€60,940
- Debts after one year -€80,372
down €80,372 (-19.5%), from €411,886 to €331,515
- Accrued charges and deferred income +€28,052
up €28,052 (+142%), from €19,750 to €47,802
- Gross operating margin +€160,596
up €160,596 (+12.3%), from €1.3m to €1.5m
- Taxes +€38,139
up €38,139 (+53.8%), from €70,887 to €109,025
- Staff costs +€22,776
up €22,776 (+2.6%), from €889,189 to €911,966
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 | €1,155,160 | €1,086,356 | -€68,804 | -6.0% |
| Fixed assets | 21/28 | €628,372 | €517,869 | -€110,503 | -17.6% |
| Tangible fixed assets | 22/27 | €628,172 | €517,669 | -€110,503 | -17.6% |
| Plant, machinery and equipment | 23 | €193,369 | €168,697 | -€24,673 | -12.8% |
| Furniture and vehicles | 24 | €42,486 | €24,068 | -€18,418 | -43.4% |
| Other tangible fixed assets | 26 | €392,316 | €324,904 | -€67,412 | -17.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €526,788 | €568,487 | +€41,699 | +7.9% |
| Amounts receivable within one year | 40/41 | €187,732 | €387,678 | +€199,946 | +107% |
| Trade receivables | 40 | €10,589 | €81,597 | +€71,008 | +671% |
| Other amounts receivable | 41 | €177,142 | €306,080 | +€128,938 | +72.8% |
| Current investments | 50/53 | €49 | €48 | -€0 | -0.9% |
| Cash at bank and in hand | 54/58 | €333,719 | €174,070 | -€159,649 | -47.8% |
| Deferred charges and accrued income | 490/1 | €5,288 | €6,691 | +€1,403 | +26.5% |
| Total equity and liabilities | 10/49 | €1,155,160 | €1,086,356 | -€68,804 | -6.0% |
| Equity | 10/15 | €23,938 | €23,938 | = | 0.0% |
| Contributions | 10/11 | €21,762 | €21,762 | = | 0.0% |
| Reserves | 13 | €2,176 | €2,176 | = | 0.0% |
| Distributable reserves | 133 | €2,176 | €2,176 | = | 0.0% |
| Amounts payable | 17/49 | €1,131,222 | €1,062,418 | -€68,804 | -6.1% |
| Amounts payable after more than one year | 17 | €411,886 | €331,515 | -€80,372 | -19.5% |
| Financial debts | 170/4 | €411,886 | €331,515 | -€80,372 | -19.5% |
| Amounts payable within one year | 42/48 | €699,585 | €683,101 | -€16,484 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €88,179 | €82,140 | -€6,039 | -6.8% |
| Financial debts | 43 | €13,578 | €20,215 | +€6,637 | +48.9% |
| Credit institutions | 430/8 | €13,578 | €20,215 | +€6,637 | +48.9% |
| Trade debts | 44 | €248,548 | €57,565 | -€190,984 | -76.8% |
| Suppliers | 440/4 | €248,548 | €57,565 | -€190,984 | -76.8% |
| Taxes, remuneration and social security | 45 | €147,759 | €234,676 | +€86,917 | +58.8% |
| Taxes | 450/3 | €52,688 | €113,628 | +€60,940 | +116% |
| Remuneration and social security | 454/9 | €95,071 | €121,048 | +€25,977 | +27.3% |
| Other amounts payable | 47/48 | €201,522 | €288,506 | +€86,985 | +43.2% |
| Accrued charges and deferred income | 492/3 | €19,750 | €47,802 | +€28,052 | +142% |
| Remuneration, social security and pensions | 62 | €889,189 | €911,966 | +€22,776 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,311 | €121,799 | -€512 | -0.4% |
| Other operating charges | 640/8 | €10,994 | €13,714 | +€2,720 | +24.7% |
| Gross operating margin | 9900 | €1,305,851 | €1,466,447 | +€160,596 | +12.3% |
| Operating profit (loss) | 9901 | €283,357 | €418,968 | +€135,612 | +47.9% |
| Financial income | 75/76B | €5,839 | €190 | -€5,649 | -96.7% |
| Recurring financial income | 75 | €5,839 | €190 | -€5,649 | -96.7% |
| Financial charges | 65/66B | €19,174 | €22,866 | +€3,692 | +19.3% |
| Recurring financial charges | 65 | €19,174 | €22,866 | +€3,692 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €270,022 | €396,293 | +€126,271 | +46.8% |
| Income taxes | 67/77 | €70,887 | €109,025 | +€38,139 | +53.8% |
| Profit (loss) for the period | 9904 | €199,135 | €287,267 | +€88,132 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €199,135 | €287,267 | +€88,132 | +44.3% |
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 23 October 2026 via checked.be.