ORTHOCARE: 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.
ORTHOCARE
Largest movements
- Receivables within one year +€80,558
up €80,558 (+84.6%), from €95,279 to €175,837
of which Other amounts receivable: +€78,558
- Cash +€65,376
up €65,376 (+410.9%), from €15,909 to €81,285
mainly Provisions (+€118,311) and Trade debts (+€47,102)
- Stocks and contracts +€20,172
up €20,172 (+74.9%), from €26,926 to €47,098
- Provisions +€118,311
new in 2025: €118,311
- Trade debts +€47,102
up €47,102 (+162.7%), from €28,945 to €76,047
- Reserves +€28,443
up €28,443 (+31.6%), from €90,010 to €118,453
of which Distributable reserves: +€32,781
- Tax, wage and social debts -€21,784
down €21,784 (-31.8%), from €68,430 to €46,646
of which Taxes: -€18,275
- Debts after one year -€15,785
down €15,785 (-15.2%), from €103,589 to €87,804
- Gross operating margin +€174,922
up €174,922 (+103.8%), from €168,471 to €343,393
- Provisions +€118,311
new in 2025: €118,311
- Taxes +€38,808
up €38,808 (+197.2%), from €19,676 to €58,484
- Staff costs +€22,832
up €22,832 (+28.8%), from €79,183 to €102,015
- Depreciation +€3,617
up €3,617 (+18.5%), from €19,509 to €23,126
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 | €368,382 | €537,489 | +€169,107 | +45.9% |
| Fixed assets | 21/28 | €229,966 | €231,893 | +€1,927 | +0.8% |
| Tangible fixed assets | 22/27 | €229,735 | €231,662 | +€1,927 | +0.8% |
| Land and buildings | 22 | €189,380 | €181,443 | -€7,937 | -4.2% |
| Plant, machinery and equipment | 23 | €13,775 | €11,977 | -€1,798 | -13.1% |
| Furniture and vehicles | 24 | €8,332 | €18,057 | +€9,724 | +116.7% |
| Other tangible fixed assets | 26 | €18,248 | €20,186 | +€1,938 | +10.6% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €138,416 | €305,597 | +€167,181 | +120.8% |
| Stocks and contracts in progress | 3 | €26,926 | €47,098 | +€20,172 | +74.9% |
| Stocks | 30/36 | €26,926 | €47,098 | +€20,172 | +74.9% |
| Amounts receivable within one year | 40/41 | €95,279 | €175,837 | +€80,558 | +84.6% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €95,279 | €173,837 | +€78,558 | +82.5% |
| Cash at bank and in hand | 54/58 | €15,909 | €81,285 | +€65,376 | +410.9% |
| Deferred charges and accrued income | 490/1 | €303 | €1,377 | +€1,074 | +354.6% |
| Total equity and liabilities | 10/49 | €368,382 | €537,489 | +€169,107 | +45.9% |
| Equity | 10/15 | €135,202 | €167,983 | +€32,781 | +24.2% |
| Contributions | 10/11 | €43,381 | €47,720 | +€4,338 | +10.0% |
| Reserves | 13 | €90,010 | €118,453 | +€28,443 | +31.6% |
| Non-distributable reserves | 130/1 | €4,338 | - | -€4,338 | |
| Other | 1319 | €4,338 | - | -€4,338 | |
| Distributable reserves | 133 | €85,672 | €118,453 | +€32,781 | +38.3% |
| Profit (loss) carried forward | 14 | €1,810 | €1,810 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €118,311 | +€118,311 | |
| Deferred taxes | 168 | - | €118,311 | +€118,311 | |
| Amounts payable | 17/49 | €233,180 | €251,196 | +€18,015 | +7.7% |
| Amounts payable after more than one year | 17 | €103,589 | €87,804 | -€15,785 | -15.2% |
| Financial debts | 170/4 | €103,589 | €87,804 | -€15,785 | -15.2% |
| Amounts payable within one year | 42/48 | €129,592 | €163,392 | +€33,800 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €32,217 | €40,699 | +€8,482 | +26.3% |
| Trade debts | 44 | €28,945 | €76,047 | +€47,102 | +162.7% |
| Suppliers | 440/4 | €28,945 | €76,047 | +€47,102 | +162.7% |
| Taxes, remuneration and social security | 45 | €68,430 | €46,646 | -€21,784 | -31.8% |
| Taxes | 450/3 | €53,854 | €35,579 | -€18,275 | -33.9% |
| Remuneration and social security | 454/9 | €14,575 | €11,067 | -€3,508 | -24.1% |
| Remuneration, social security and pensions | 62 | €79,183 | €102,015 | +€22,832 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,509 | €23,126 | +€3,617 | +18.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €118,311 | +€118,311 | |
| Other operating charges | 640/8 | €4,214 | €3,324 | -€890 | -21.1% |
| Non-recurring operating charges | 66A | - | €8,039 | +€8,039 | |
| Gross operating margin | 9900 | €168,471 | €343,393 | +€174,922 | +103.8% |
| Operating profit (loss) | 9901 | €65,566 | €88,579 | +€23,013 | +35.1% |
| Financial income | 75/76B | €5,842 | €7,313 | +€1,471 | +25.2% |
| Recurring financial income | 75 | €5,842 | €7,313 | +€1,471 | +25.2% |
| Financial charges | 65/66B | €5,060 | €4,627 | -€433 | -8.6% |
| Recurring financial charges | 65 | €3,631 | €4,627 | +€996 | +27.4% |
| Non-recurring financial charges | 66B | €1,429 | - | -€1,429 | |
| Profit (loss) for the period before taxes | 9903 | €66,348 | €91,265 | +€24,917 | +37.6% |
| Income taxes | 67/77 | €19,676 | €58,484 | +€38,808 | +197.2% |
| Profit (loss) for the period | 9904 | €46,672 | €32,781 | -€13,891 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,672 | €32,781 | -€13,891 | -29.8% |
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 12 October 2026 via checked.be.