Orthocam: 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.
Orthocam
Largest movements
- Tangible fixed assets +€235,062
up €235,062 (+43.0%), from €546,651 to €781,713
of which Land and buildings: +€255,048
- Cash -€188,203
down €188,203 (-55.9%), from €336,822 to €148,619
mainly Investment in fixed assets (net) (-€301,127) and Debts after one year (-€25,395)
- Receivables within one year +€22,243
up €22,243 (+28.8%), from €77,168 to €99,412
of which Trade receivables: +€35,623
- Stocks and contracts +€14,676
up €14,676 (+41.9%), from €35,024 to €49,700
- Reserves +€55,511
up €55,511 (+49.1%), from €113,127 to €168,639
of which Distributable reserves: +€55,511
- Other debts +€48,970
up €48,970 (+119%), from €41,083 to €90,052
- Debts after one year -€25,395
down €25,395 (-4.2%), from €610,593 to €585,199
of which Other amounts payable: -€200,000
- Current portion of long-term debt +€18,757
up €18,757 (+52.1%), from €36,008 to €54,765
- Trade debts -€14,401
down €14,401 (-27.6%), from €52,114 to €37,712
- Gross operating margin +€75,821
up €75,821 (+51.7%), from €146,670 to €222,491
- Financial charges +€67,277
up €67,277 (+478%), from €14,082 to €81,359
- Taxes +€14,173
up €14,173 (+875%), from €1,620 to €15,794
- Depreciation +€13,943
up €13,943 (+26.8%), from €52,121 to €66,065
- Other operating charges -€6,124
down €6,124 (-74.4%), from €8,229 to €2,105
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 | €1,001,695 | €1,085,628 | +€83,933 | +8.4% |
| Fixed assets | 21/28 | €546,651 | €781,713 | +€235,062 | +43.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €546,651 | €781,713 | +€235,062 | +43.0% |
| Land and buildings | 22 | €449,480 | €704,528 | +€255,048 | +56.7% |
| Plant, machinery and equipment | 23 | €5,180 | €9,554 | +€4,374 | +84.4% |
| Furniture and vehicles | 24 | €77,900 | €51,293 | -€26,607 | -34.2% |
| Other tangible fixed assets | 26 | €14,091 | €16,339 | +€2,247 | +15.9% |
| Current assets | 29/58 | €455,044 | €303,914 | -€151,130 | -33.2% |
| Stocks and contracts in progress | 3 | €35,024 | €49,700 | +€14,676 | +41.9% |
| Stocks | 30/36 | €35,024 | €49,700 | +€14,676 | +41.9% |
| Amounts receivable within one year | 40/41 | €77,168 | €99,412 | +€22,243 | +28.8% |
| Trade receivables | 40 | €63,789 | €99,411 | +€35,623 | +55.8% |
| Other amounts receivable | 41 | €13,380 | €0 | -€13,379 | -100.0% |
| Cash at bank and in hand | 54/58 | €336,822 | €148,619 | -€188,203 | -55.9% |
| Deferred charges and accrued income | 490/1 | €6,030 | €6,184 | +€154 | +2.6% |
| Total equity and liabilities | 10/49 | €1,001,695 | €1,085,628 | +€83,933 | +8.4% |
| Equity | 10/15 | €257,818 | €313,330 | +€55,511 | +21.5% |
| Contributions | 10/11 | €144,691 | €144,691 | = | 0.0% |
| Reserves | 13 | €113,127 | €168,639 | +€55,511 | +49.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €113,127 | €168,639 | +€55,511 | +49.1% |
| Amounts payable | 17/49 | €743,876 | €772,298 | +€28,421 | +3.8% |
| Amounts payable after more than one year | 17 | €610,593 | €585,199 | -€25,395 | -4.2% |
| Financial debts | 170/4 | €410,593 | €585,199 | +€174,605 | +42.5% |
| Other amounts payable | 178/9 | €200,000 | €0 | -€200,000 | -100% |
| Amounts payable within one year | 42/48 | €133,283 | €186,779 | +€53,496 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €36,008 | €54,765 | +€18,757 | +52.1% |
| Trade debts | 44 | €52,114 | €37,712 | -€14,401 | -27.6% |
| Suppliers | 440/4 | €52,114 | €37,712 | -€14,401 | -27.6% |
| Taxes, remuneration and social security | 45 | €4,079 | €4,250 | +€171 | +4.2% |
| Taxes | 450/3 | €4,079 | €4,250 | +€171 | +4.2% |
| Other amounts payable | 47/48 | €41,083 | €90,052 | +€48,970 | +119% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Remuneration, social security and pensions | 62 | €2,454 | €4,750 | +€2,296 | +93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,121 | €66,065 | +€13,943 | +26.8% |
| Other operating charges | 640/8 | €8,229 | €2,105 | -€6,124 | -74.4% |
| Non-recurring operating charges | 66A | €56,891 | €0 | -€56,891 | -100% |
| Gross operating margin | 9900 | €146,670 | €222,491 | +€75,821 | +51.7% |
| Operating profit (loss) | 9901 | €26,974 | €149,571 | +€122,597 | +455% |
| Financial income | 75/76B | €2,151 | €3,093 | +€942 | +43.8% |
| Recurring financial income | 75 | €2,151 | €3,093 | +€942 | +43.8% |
| Financial charges | 65/66B | €14,082 | €81,359 | +€67,277 | +478% |
| Recurring financial charges | 65 | €14,082 | €81,359 | +€67,277 | +478% |
| Profit (loss) for the period before taxes | 9903 | €15,043 | €71,305 | +€56,262 | +374% |
| Income taxes | 67/77 | €1,620 | €15,794 | +€14,173 | +875% |
| Profit (loss) for the period | 9904 | €13,423 | €55,511 | +€42,089 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €13,423 | €55,511 | +€42,089 | +314% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.