ORTHOCOST: 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.
ORTHOCOST
Largest movements
- Cash +€58,176
up €58,176 (+36.1%), from €161,132 to €219,308
mainly Net result for the year (+€117,139) and Deferred charges and accrued income (+€16,429)
- Tangible fixed assets +€50,153
up €50,153 (+500%), from €10,029 to €60,182
of which Furniture and vehicles: +€51,001
- Current investments +€28,780
new in 2025: €28,780
- Deferred charges and accrued income -€16,429
down €16,429 (-34.7%), from €47,332 to €30,903
- Receivables within one year +€10,111
up €10,111 (+3.7%), from €272,801 to €282,911
of which Trade receivables: +€6,251
- Reserves +€117,000
up €117,000 (+25.5%), from €458,070 to €575,070
- Other debts +€7,941
up €7,941 (+128%), from €6,180 to €14,120
- Gross operating margin +€5,221
up €5,221 (+3.1%), from €167,051 to €172,273
- Other operating charges +€3,020
up €3,020 (+620%), from €487 to €3,507
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 | €491,364 | €622,155 | +€130,791 | +26.6% |
| Fixed assets | 21/28 | €10,099 | €60,252 | +€50,153 | +497% |
| Tangible fixed assets | 22/27 | €10,029 | €60,182 | +€50,153 | +500% |
| Furniture and vehicles | 24 | €2,548 | €53,549 | +€51,001 | +2,002% |
| Other tangible fixed assets | 26 | €7,481 | €6,633 | -€849 | -11.3% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €481,265 | €561,903 | +€80,638 | +16.8% |
| Amounts receivable within one year | 40/41 | €272,801 | €282,911 | +€10,111 | +3.7% |
| Trade receivables | 40 | €64 | €6,315 | +€6,251 | +9,828% |
| Other amounts receivable | 41 | €272,737 | €276,597 | +€3,860 | +1.4% |
| Current investments | 50/53 | - | €28,780 | +€28,780 | |
| Cash at bank and in hand | 54/58 | €161,132 | €219,308 | +€58,176 | +36.1% |
| Deferred charges and accrued income | 490/1 | €47,332 | €30,903 | -€16,429 | -34.7% |
| Total equity and liabilities | 10/49 | €491,364 | €622,155 | +€130,791 | +26.6% |
| Equity | 10/15 | €471,352 | €588,491 | +€117,139 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €458,070 | €575,070 | +€117,000 | +25.5% |
| Distributable reserves | 133 | €458,070 | €575,070 | +€117,000 | +25.5% |
| Profit (loss) carried forward | 14 | €882 | €1,021 | +€139 | +15.8% |
| Amounts payable | 17/49 | €20,012 | €33,664 | +€13,652 | +68.2% |
| Amounts payable within one year | 42/48 | €19,657 | €31,638 | +€11,981 | +60.9% |
| Trade debts | 44 | €1,626 | €5,608 | +€3,981 | +245% |
| Suppliers | 440/4 | €1,626 | €5,608 | +€3,981 | +245% |
| Taxes, remuneration and social security | 45 | €11,852 | €11,910 | +€59 | +0.5% |
| Taxes | 450/3 | €11,852 | €11,910 | +€59 | +0.5% |
| Other amounts payable | 47/48 | €6,180 | €14,120 | +€7,941 | +128% |
| Accrued charges and deferred income | 492/3 | €355 | €2,026 | +€1,671 | +471% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €3,046 | +€1,477 | +94.1% |
| Other operating charges | 640/8 | €487 | €3,507 | +€3,020 | +620% |
| Gross operating margin | 9900 | €167,051 | €172,273 | +€5,221 | +3.1% |
| Operating profit (loss) | 9901 | €164,994 | €165,719 | +€725 | +0.4% |
| Financial income | 75/76B | €3,610 | €3,931 | +€321 | +8.9% |
| Recurring financial income | 75 | €3,610 | €3,931 | +€321 | +8.9% |
| Financial charges | 65/66B | €1,629 | €1,996 | +€367 | +22.5% |
| Recurring financial charges | 65 | €1,629 | €1,996 | +€367 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €166,975 | €167,654 | +€680 | +0.4% |
| Income taxes | 67/77 | €49,765 | €50,515 | +€751 | +1.5% |
| Profit (loss) for the period | 9904 | €117,210 | €117,139 | -€71 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,210 | €117,139 | -€71 | -0.1% |
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 14 October 2026 via checked.be.