ORTHOCA: 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.
ORTHOCA
Largest movements
- Cash -€587,132
down €587,132 (-96.8%), from €606,839 to €19,706
mainly Other debts (-€527,210) and Current investments (-€100,000)
- Current investments +€100,000
new in 2025: €100,000
- Intangible fixed assets -€30,000
down €30,000 (-20.0%), from €150,000 to €120,000
- Receivables within one year +€9,197
up €9,197 (+37.0%), from €24,874 to €34,071
of which Other amounts receivable: +€17,567
- Other debts -€527,210
no longer reported in 2025 (was €527,210)
- Reserves +€93,228
up €93,228 (+34.5%), from €270,223 to €363,450
- Tax, wage and social debts -€76,973
down €76,973 (-86.5%), from €89,035 to €12,063
of which Taxes: -€76,973
- Gross operating margin -€53,016
down €53,016 (-22.5%), from €235,593 to €182,576
- Taxes -€17,356
down €17,356 (-31.2%), from €55,601 to €38,245
- Depreciation +€2,495
up €2,495 (+5.1%), from €48,545 to €51,040
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 | €887,639 | €376,684 | -€510,955 | -57.6% |
| Fixed assets | 21/28 | €249,354 | €215,801 | -€33,553 | -13.5% |
| Intangible fixed assets | 21 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Tangible fixed assets | 22/27 | €99,354 | €95,801 | -€3,553 | -3.6% |
| Plant, machinery and equipment | 23 | €70,135 | €75,070 | +€4,935 | +7.0% |
| Furniture and vehicles | 24 | €27,504 | €19,220 | -€8,284 | -30.1% |
| Other tangible fixed assets | 26 | €1,716 | €1,512 | -€204 | -11.9% |
| Current assets | 29/58 | €638,285 | €160,883 | -€477,402 | -74.8% |
| Amounts receivable within one year | 40/41 | €24,874 | €34,071 | +€9,197 | +37.0% |
| Trade receivables | 40 | €12,437 | €4,068 | -€8,370 | -67.3% |
| Other amounts receivable | 41 | €12,437 | €30,004 | +€17,567 | +141.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €606,839 | €19,706 | -€587,132 | -96.8% |
| Deferred charges and accrued income | 490/1 | €6,573 | €7,106 | +€533 | +8.1% |
| Total equity and liabilities | 10/49 | €887,639 | €376,684 | -€510,955 | -57.6% |
| Equity | 10/15 | €271,394 | €364,621 | +€93,228 | +34.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €270,223 | €363,450 | +€93,228 | +34.5% |
| Distributable reserves | 133 | €270,223 | €363,450 | +€93,228 | +34.5% |
| Profit (loss) carried forward | 14 | €1,170 | €1,170 | = | 0.0% |
| Amounts payable | 17/49 | €616,246 | €12,063 | -€604,183 | -98.0% |
| Amounts payable within one year | 42/48 | €616,246 | €12,063 | -€604,183 | -98.0% |
| Taxes, remuneration and social security | 45 | €89,035 | €12,063 | -€76,973 | -86.5% |
| Taxes | 450/3 | €87,595 | €10,623 | -€76,973 | -87.9% |
| Remuneration and social security | 454/9 | €1,440 | €1,440 | = | 0.0% |
| Other amounts payable | 47/48 | €527,210 | - | -€527,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,545 | €51,040 | +€2,495 | +5.1% |
| Other operating charges | 640/8 | €889 | €616 | -€273 | -30.7% |
| Gross operating margin | 9900 | €235,593 | €182,576 | -€53,016 | -22.5% |
| Operating profit (loss) | 9901 | €186,159 | €130,921 | -€55,238 | -29.7% |
| Financial income | 75/76B | - | €835 | +€835 | |
| Recurring financial income | 75 | - | €835 | +€835 | |
| Financial charges | 65/66B | €180 | €282 | +€102 | +56.6% |
| Recurring financial charges | 65 | €180 | €282 | +€102 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €185,978 | €131,473 | -€54,506 | -29.3% |
| Income taxes | 67/77 | €55,601 | €38,245 | -€17,356 | -31.2% |
| Profit (loss) for the period | 9904 | €130,377 | €93,228 | -€37,150 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,377 | €93,228 | -€37,150 | -28.5% |
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 10 October 2026 via checked.be.