ORTHODENT: 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.
ORTHODENT
Largest movements
- Current investments +€133,846
up €133,846 (+15.0%), from €890,000 to €1.0m
- Cash +€24,628
up €24,628 (+245%), from €10,070 to €34,698
mainly Net result for the year (+€149,035) and Depreciation (+€21,051)
- Tangible fixed assets -€18,541
down €18,541 (-12.6%), from €146,979 to €128,438
of which Land and buildings: -€18,541
- Reserves +€148,500
up €148,500 (+15.6%), from €953,536 to €1.1m
of which Distributable reserves: +€148,500
- Gross operating margin +€32,817
up €32,817 (+16.6%), from €197,637 to €230,454
- Taxes +€8,437
up €8,437 (+13.4%), from €62,975 to €71,412
- Financial income -€6,605
down €6,605 (-24.9%), from €26,542 to €19,937
- Financial charges +€3,661
up €3,661 (+3,847%), from €95 to €3,756
- Depreciation -€2,795
down €2,795 (-11.7%), from €23,846 to €21,051
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 | €1,086,410 | €1,226,918 | +€140,508 | +12.9% |
| Fixed assets | 21/28 | €166,979 | €155,938 | -€11,041 | -6.6% |
| Tangible fixed assets | 22/27 | €146,979 | €128,438 | -€18,541 | -12.6% |
| Land and buildings | 22 | €146,979 | €128,438 | -€18,541 | -12.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €20,000 | €27,500 | +€7,500 | +37.5% |
| Current assets | 29/58 | €919,431 | €1,070,980 | +€151,549 | +16.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,338 | €875 | -€462 | -34.6% |
| Stocks | 30/36 | €1,338 | €875 | -€462 | -34.6% |
| Amounts receivable within one year | 40/41 | €6,349 | €10,135 | +€3,787 | +59.6% |
| Trade receivables | 40 | €25 | €3,731 | +€3,706 | +14,618% |
| Other amounts receivable | 41 | €6,324 | €6,404 | +€81 | +1.3% |
| Current investments | 50/53 | €890,000 | €1,023,846 | +€133,846 | +15.0% |
| Cash at bank and in hand | 54/58 | €10,070 | €34,698 | +€24,628 | +245% |
| Deferred charges and accrued income | 490/1 | €11,675 | €1,426 | -€10,249 | -87.8% |
| Total equity and liabilities | 10/49 | €1,086,410 | €1,226,918 | +€140,508 | +12.9% |
| Equity | 10/15 | €1,069,174 | €1,218,209 | +€149,035 | +13.9% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €953,536 | €1,102,036 | +€148,500 | +15.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €953,536 | €1,102,036 | +€148,500 | +15.6% |
| Profit (loss) carried forward | 14 | €16,438 | €16,973 | +€535 | +3.3% |
| Amounts payable | 17/49 | €17,236 | €8,709 | -€8,527 | -49.5% |
| Amounts payable within one year | 42/48 | €17,236 | €8,709 | -€8,527 | -49.5% |
| Trade debts | 44 | €15,506 | €5,521 | -€9,986 | -64.4% |
| Suppliers | 440/4 | €15,506 | €5,521 | -€9,986 | -64.4% |
| Other amounts payable | 47/48 | €1,730 | €3,188 | +€1,458 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,846 | €21,051 | -€2,795 | -11.7% |
| Other operating charges | 640/8 | €3,077 | €5,137 | +€2,060 | +66.9% |
| Gross operating margin | 9900 | €197,637 | €230,454 | +€32,817 | +16.6% |
| Operating profit (loss) | 9901 | €170,713 | €204,266 | +€33,553 | +19.7% |
| Financial income | 75/76B | €26,542 | €19,937 | -€6,605 | -24.9% |
| Recurring financial income | 75 | €26,542 | €19,937 | -€6,605 | -24.9% |
| Financial charges | 65/66B | €95 | €3,756 | +€3,661 | +3,847% |
| Recurring financial charges | 65 | €95 | €3,756 | +€3,661 | +3,847% |
| Profit (loss) for the period before taxes | 9903 | €197,160 | €220,447 | +€23,287 | +11.8% |
| Income taxes | 67/77 | €62,975 | €71,412 | +€8,437 | +13.4% |
| Profit (loss) for the period | 9904 | €134,185 | €149,035 | +€14,850 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,185 | €149,035 | +€14,850 | +11.1% |
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 25 October 2026 via checked.be.