ORTHOBILITY: 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.
ORTHOBILITY
Largest movements
- Current investments +€170,000
up €170,000 (+27.0%), from €630,000 to €800,000
- Receivables within one year +€140,687
up €140,687 (+45.2%), from €311,522 to €452,209
of which Trade receivables: +€96,113
- Cash -€99,790
down €99,790 (-26.0%), from €384,228 to €284,438
mainly Current investments (-€170,000) and Investment in fixed assets (net) (-€169,822)
- Tangible fixed assets +€45,165
up €45,165 (+11.3%), from €400,273 to €445,439
of which Other tangible fixed assets: +€95,359
- Reserves +€375,308
up €375,308 (+41.3%), from €909,741 to €1.3m
- Trade debts -€146,879
down €146,879 (-38.5%), from €381,872 to €234,994
- Debts after one year +€41,757
up €41,757 (+30.4%), from €137,260 to €179,017
- Other debts -€20,269
down €20,269 (-29.3%), from €69,155 to €48,886
- Staff costs +€96,106
up €96,106 (+18.8%), from €510,167 to €606,273
- Gross operating margin +€87,768
up €87,768 (+7.6%), from €1.2m to €1.2m
- Taxes -€34,675
down €34,675 (-20.1%), from €172,161 to €137,486
- Depreciation +€18,690
up €18,690 (+17.6%), from €105,967 to €124,657
- Financial income +€14,272
up €14,272 (+88.8%), from €16,072 to €30,345
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,733,789 | €1,991,681 | +€257,892 | +14.9% |
| Fixed assets | 21/28 | €400,273 | €445,439 | +€45,165 | +11.3% |
| Tangible fixed assets | 22/27 | €400,273 | €445,439 | +€45,165 | +11.3% |
| Plant, machinery and equipment | 23 | €170,532 | €126,971 | -€43,561 | -25.5% |
| Furniture and vehicles | 24 | €25,638 | €19,005 | -€6,633 | -25.9% |
| Other tangible fixed assets | 26 | €204,103 | €299,462 | +€95,359 | +46.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,333,515 | €1,546,242 | +€212,727 | +16.0% |
| Amounts receivable within one year | 40/41 | €311,522 | €452,209 | +€140,687 | +45.2% |
| Trade receivables | 40 | €248,817 | €344,929 | +€96,113 | +38.6% |
| Other amounts receivable | 41 | €62,706 | €107,280 | +€44,574 | +71.1% |
| Current investments | 50/53 | €630,000 | €800,000 | +€170,000 | +27.0% |
| Cash at bank and in hand | 54/58 | €384,228 | €284,438 | -€99,790 | -26.0% |
| Deferred charges and accrued income | 490/1 | €7,765 | €9,595 | +€1,830 | +23.6% |
| Total equity and liabilities | 10/49 | €1,733,789 | €1,991,681 | +€257,892 | +14.9% |
| Equity | 10/15 | €971,241 | €1,346,549 | +€375,308 | +38.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €909,741 | €1,285,049 | +€375,308 | +41.3% |
| Distributable reserves | 133 | €909,741 | €1,285,049 | +€375,308 | +41.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €762,548 | €645,131 | -€117,416 | -15.4% |
| Amounts payable after more than one year | 17 | €137,260 | €179,017 | +€41,757 | +30.4% |
| Financial debts | 170/4 | €137,260 | €179,017 | +€41,757 | +30.4% |
| Amounts payable within one year | 42/48 | €622,924 | €461,291 | -€161,633 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €86,939 | €92,362 | +€5,423 | +6.2% |
| Trade debts | 44 | €381,872 | €234,994 | -€146,879 | -38.5% |
| Suppliers | 440/4 | €381,872 | €234,994 | -€146,879 | -38.5% |
| Taxes, remuneration and social security | 45 | €84,958 | €85,050 | +€92 | +0.1% |
| Taxes | 450/3 | €32,291 | €25,708 | -€6,583 | -20.4% |
| Remuneration and social security | 454/9 | €52,667 | €59,342 | +€6,675 | +12.7% |
| Other amounts payable | 47/48 | €69,155 | €48,886 | -€20,269 | -29.3% |
| Accrued charges and deferred income | 492/3 | €2,363 | €4,823 | +€2,459 | +104.1% |
| Remuneration, social security and pensions | 62 | €510,167 | €606,273 | +€96,106 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,967 | €124,657 | +€18,690 | +17.6% |
| Other operating charges | 640/8 | €5,386 | €5,069 | -€318 | -5.9% |
| Gross operating margin | 9900 | €1,159,203 | €1,246,971 | +€87,768 | +7.6% |
| Operating profit (loss) | 9901 | €537,683 | €510,972 | -€26,711 | -5.0% |
| Financial income | 75/76B | €16,072 | €30,345 | +€14,272 | +88.8% |
| Recurring financial income | 75 | €16,072 | €30,345 | +€14,272 | +88.8% |
| Financial charges | 65/66B | €9,126 | €12,399 | +€3,272 | +35.9% |
| Recurring financial charges | 65 | €9,126 | €12,399 | +€3,272 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €544,629 | €528,918 | -€15,711 | -2.9% |
| Income taxes | 67/77 | €172,161 | €137,486 | -€34,675 | -20.1% |
| Profit (loss) for the period | 9904 | €372,467 | €391,432 | +€18,964 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €372,467 | €391,432 | +€18,964 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.