ORTHOCK: 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.
ORTHOCK
Largest movements
- Cash -€3,360
down €3,360 (-3.7%), from €91,244 to €87,884
mainly Other debts (-€19,321) and Tax, wage and social debts (-€4,516)
- Other debts -€19,321
down €19,321 (-20.1%), from €95,996 to €76,675
- Reserves +€18,814
up €18,814 (+17.3%), from €108,440 to €127,254
- Tax, wage and social debts -€4,516
down €4,516 (-24.8%), from €18,210 to €13,694
of which Taxes: -€4,888
- Gross operating margin +€12,487
up €12,487 (+16.6%), from €75,016 to €87,504
- Taxes +€3,963
up €3,963 (+55.2%), from €7,180 to €11,142
- Depreciation -€3,728
down €3,728 (-43.8%), from €8,505 to €4,777
- Staff costs +€3,477
up €3,477 (+8.7%), from €40,114 to €43,591
- Financial charges -€1,823
down €1,823 (-23.2%), from €7,867 to €6,045
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 | €314,814 | €308,877 | -€5,936 | -1.9% |
| Fixed assets | 21/28 | €9,959 | €8,136 | -€1,824 | -18.3% |
| Tangible fixed assets | 22/27 | €9,885 | €8,061 | -€1,824 | -18.5% |
| Land and buildings | 22 | €2,975 | €2,231 | -€744 | -25.0% |
| Plant, machinery and equipment | 23 | €3,341 | €4,735 | +€1,394 | +41.7% |
| Furniture and vehicles | 24 | €3,569 | €1,095 | -€2,474 | -69.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €304,854 | €300,742 | -€4,113 | -1.3% |
| Stocks and contracts in progress | 3 | €35,901 | €35,873 | -€28 | -0.1% |
| Stocks | 30/36 | €35,901 | €35,873 | -€28 | -0.1% |
| Amounts receivable within one year | 40/41 | €8,886 | €6,922 | -€1,964 | -22.1% |
| Trade receivables | 40 | €6,634 | €6,724 | +€90 | +1.4% |
| Other amounts receivable | 41 | €2,252 | €198 | -€2,054 | -91.2% |
| Current investments | 50/53 | €168,823 | €168,823 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,244 | €87,884 | -€3,360 | -3.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,239 | +€1,239 | |
| Total equity and liabilities | 10/49 | €314,814 | €308,877 | -€5,936 | -1.9% |
| Equity | 10/15 | €188,886 | €207,700 | +€18,814 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,440 | €127,254 | +€18,814 | +17.3% |
| Distributable reserves | 133 | €108,440 | €127,254 | +€18,814 | +17.3% |
| Profit (loss) carried forward | 14 | €61,847 | €61,847 | = | 0.0% |
| Amounts payable | 17/49 | €125,927 | €101,177 | -€24,750 | -19.7% |
| Amounts payable within one year | 42/48 | €118,254 | €95,348 | -€22,907 | -19.4% |
| Trade debts | 44 | €4,049 | €4,979 | +€930 | +23.0% |
| Suppliers | 440/4 | €4,049 | €4,979 | +€930 | +23.0% |
| Taxes, remuneration and social security | 45 | €18,210 | €13,694 | -€4,516 | -24.8% |
| Taxes | 450/3 | €9,215 | €4,327 | -€4,888 | -53.0% |
| Remuneration and social security | 454/9 | €8,995 | €9,367 | +€372 | +4.1% |
| Other amounts payable | 47/48 | €95,996 | €76,675 | -€19,321 | -20.1% |
| Accrued charges and deferred income | 492/3 | €7,673 | €5,829 | -€1,844 | -24.0% |
| Remuneration, social security and pensions | 62 | €40,114 | €43,591 | +€3,477 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,505 | €4,777 | -€3,728 | -43.8% |
| Other operating charges | 640/8 | €3,504 | €3,715 | +€211 | +6.0% |
| Gross operating margin | 9900 | €75,016 | €87,504 | +€12,487 | +16.6% |
| Operating profit (loss) | 9901 | €22,893 | €35,420 | +€12,527 | +54.7% |
| Financial income | 75/76B | €778 | €580 | -€198 | -25.5% |
| Recurring financial income | 75 | €778 | €580 | -€198 | -25.5% |
| Financial charges | 65/66B | €7,867 | €6,045 | -€1,823 | -23.2% |
| Recurring financial charges | 65 | €7,867 | €6,045 | -€1,823 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €15,804 | €29,956 | +€14,152 | +89.5% |
| Income taxes | 67/77 | €7,180 | €11,142 | +€3,963 | +55.2% |
| Profit (loss) for the period | 9904 | €8,625 | €18,814 | +€10,189 | +118.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,625 | €18,814 | +€10,189 | +118.1% |
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.