ORTHOCENTRE: 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.
ORTHOCENTRE
Largest movements
- Tangible fixed assets +€172,532
up €172,532 (+185.8%), from €92,883 to €265,415
of which Land and buildings: +€175,753
- Deferred charges and accrued income +€109,157
up €109,157 (+256.4%), from €42,577 to €151,733
- Receivables within one year -€47,334
no longer reported in 2025 (was €47,334)
of which Other amounts receivable: -€41,915
- Cash -€33,343
down €33,343 (-24.4%), from €136,571 to €103,228
mainly Investment in fixed assets (net) (-€214,390) and Deferred charges and accrued income (-€109,157)
- Debts after one year +€156,513
up €156,513 (+192.5%), from €81,320 to €237,833
- Reserves +€77,222
up €77,222 (+274.4%), from €28,141 to €105,363
of which Distributable reserves: +€77,222
- Other debts -€63,177
down €63,177 (-92.1%), from €68,630 to €5,454
- Tax, wage and social debts +€27,989
up €27,989 (+30.7%), from €91,145 to €119,134
of which Remuneration and social security: +€19,144
- Current portion of long-term debt +€6,979
up €6,979 (+49.2%), from €14,188 to €21,167
- Gross operating margin +€181,589
up €181,589 (+36.1%), from €502,573 to €684,162
- Staff costs +€128,792
up €128,792 (+35.4%), from €364,070 to €492,862
- Depreciation +€34,561
up €34,561 (+473.6%), from €7,297 to €41,858
- Taxes +€12,777
up €12,777 (+41.2%), from €30,985 to €43,762
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 | €319,687 | €520,699 | +€201,011 | +62.9% |
| Fixed assets | 21/28 | €93,206 | €265,737 | +€172,532 | +185.1% |
| Tangible fixed assets | 22/27 | €92,883 | €265,415 | +€172,532 | +185.8% |
| Land and buildings | 22 | €84,286 | €260,038 | +€175,753 | +208.5% |
| Furniture and vehicles | 24 | €8,598 | €5,376 | -€3,221 | -37.5% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €226,482 | €254,961 | +€28,480 | +12.6% |
| Amounts receivable within one year | 40/41 | €47,334 | - | -€47,334 | |
| Trade receivables | 40 | €5,419 | - | -€5,419 | |
| Other amounts receivable | 41 | €41,915 | - | -€41,915 | |
| Cash at bank and in hand | 54/58 | €136,571 | €103,228 | -€33,343 | -24.4% |
| Deferred charges and accrued income | 490/1 | €42,577 | €151,733 | +€109,157 | +256.4% |
| Total equity and liabilities | 10/49 | €319,687 | €520,699 | +€201,011 | +62.9% |
| Equity | 10/15 | €58,141 | €135,363 | +€77,222 | +132.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €28,141 | €105,363 | +€77,222 | +274.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €25,141 | €102,363 | +€77,222 | +307.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €261,547 | €385,336 | +€123,789 | +47.3% |
| Amounts payable after more than one year | 17 | €81,320 | €237,833 | +€156,513 | +192.5% |
| Financial debts | 170/4 | €81,320 | €237,833 | +€156,513 | +192.5% |
| Amounts payable within one year | 42/48 | €180,227 | €147,503 | -€32,724 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €14,188 | €21,167 | +€6,979 | +49.2% |
| Trade debts | 44 | €6,263 | €1,748 | -€4,515 | -72.1% |
| Suppliers | 440/4 | €6,263 | €1,748 | -€4,515 | -72.1% |
| Taxes, remuneration and social security | 45 | €91,145 | €119,134 | +€27,989 | +30.7% |
| Taxes | 450/3 | €24,727 | €33,572 | +€8,845 | +35.8% |
| Remuneration and social security | 454/9 | €66,418 | €85,562 | +€19,144 | +28.8% |
| Other amounts payable | 47/48 | €68,630 | €5,454 | -€63,177 | -92.1% |
| Remuneration, social security and pensions | 62 | €364,070 | €492,862 | +€128,792 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,297 | €41,858 | +€34,561 | +473.6% |
| Other operating charges | 640/8 | €11,043 | €4,872 | -€6,171 | -55.9% |
| Gross operating margin | 9900 | €502,573 | €684,162 | +€181,589 | +36.1% |
| Operating profit (loss) | 9901 | €120,163 | €144,569 | +€24,406 | +20.3% |
| Financial charges | 65/66B | €9,596 | €15,788 | +€6,192 | +64.5% |
| Recurring financial charges | 65 | €9,596 | €15,788 | +€6,192 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €110,567 | €128,781 | +€18,215 | +16.5% |
| Income taxes | 67/77 | €30,985 | €43,762 | +€12,777 | +41.2% |
| Profit (loss) for the period | 9904 | €79,581 | €85,019 | +€5,438 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,581 | €85,019 | +€5,438 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.