ORTHODESIGN: 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.
ORTHODESIGN
Largest movements
- Tangible fixed assets +€275,459
up €275,459 (+20.2%), from €1.4m to €1.6m
of which Land and buildings: +€288,970
- Cash -€24,830
down €24,830 (-77.9%), from €31,887 to €7,057
mainly Investment in fixed assets (net) (-€419,824) and Net result for the year (-€47,412)
- Debts after one year +€266,386
up €266,386 (+110.6%), from €240,890 to €507,276
- Short-term financial debts +€46,141
new in 2025: €46,141
- Profit (loss) carried forward -€44,233
down €44,233 (-48.1%), from €91,875 to €47,643
- Other debts -€16,966
down €16,966 (-2.5%), from €669,036 to €652,069
- Depreciation +€63,574
up €63,574 (+78.7%), from €80,791 to €144,365
- Gross operating margin -€42,092
down €42,092 (-23.8%), from €176,700 to €134,607
- Taxes -€22,069
down €22,069 (-100.0%), from €22,069 to €0
- Financial charges +€10,877
up €10,877 (+61.9%), from €17,586 to €28,463
- Other operating charges +€2,276
up €2,276 (+25.1%), from €9,074 to €11,350
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 | €1,426,528 | €1,677,352 | +€250,824 | +17.6% |
| Fixed assets | 21/28 | €1,362,660 | €1,638,119 | +€275,459 | +20.2% |
| Tangible fixed assets | 22/27 | €1,362,660 | €1,638,119 | +€275,459 | +20.2% |
| Land and buildings | 22 | €1,209,730 | €1,498,700 | +€288,970 | +23.9% |
| Plant, machinery and equipment | 23 | €75,868 | €60,168 | -€15,700 | -20.7% |
| Furniture and vehicles | 24 | €77,063 | €79,251 | +€2,189 | +2.8% |
| Current assets | 29/58 | €63,868 | €39,233 | -€24,635 | -38.6% |
| Stocks and contracts in progress | 3 | €19,616 | €16,891 | -€2,725 | -13.9% |
| Stocks | 30/36 | €19,616 | €16,891 | -€2,725 | -13.9% |
| Amounts receivable within one year | 40/41 | €8,349 | €10,174 | +€1,825 | +21.9% |
| Trade receivables | 40 | €8,349 | €4,497 | -€3,851 | -46.1% |
| Other amounts receivable | 41 | - | €5,677 | +€5,677 | |
| Current investments | 50/53 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,887 | €7,057 | -€24,830 | -77.9% |
| Deferred charges and accrued income | 490/1 | €4,001 | €5,096 | +€1,095 | +27.4% |
| Total equity and liabilities | 10/49 | €1,426,528 | €1,677,352 | +€250,824 | +17.6% |
| Equity | 10/15 | €353,692 | €304,614 | -€49,078 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,217 | €238,372 | -€4,846 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,838 | €132,992 | -€4,846 | -3.5% |
| Distributable reserves | 133 | €103,520 | €103,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,875 | €47,643 | -€44,233 | -48.1% |
| Provisions and deferred taxes | 16 | €45,946 | €44,331 | -€1,615 | -3.5% |
| Deferred taxes | 168 | €45,946 | €44,331 | -€1,615 | -3.5% |
| Amounts payable | 17/49 | €1,026,890 | €1,328,407 | +€301,518 | +29.4% |
| Amounts payable after more than one year | 17 | €240,890 | €507,276 | +€266,386 | +110.6% |
| Financial debts | 170/4 | €240,890 | €507,276 | +€266,386 | +110.6% |
| Amounts payable within one year | 42/48 | €786,000 | €821,132 | +€35,132 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €90,073 | €89,934 | -€139 | -0.2% |
| Financial debts | 43 | - | €46,141 | +€46,141 | |
| Credit institutions | 430/8 | - | €46,141 | +€46,141 | |
| Trade debts | 44 | €4,451 | €12,144 | +€7,693 | +172.8% |
| Suppliers | 440/4 | €4,451 | €12,144 | +€7,693 | +172.8% |
| Taxes, remuneration and social security | 45 | €22,440 | €20,843 | -€1,597 | -7.1% |
| Taxes | 450/3 | €22,440 | €20,843 | -€1,597 | -7.1% |
| Other amounts payable | 47/48 | €669,036 | €652,069 | -€16,966 | -2.5% |
| Non-recurring operating income | 76A | €1,404 | - | -€1,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,791 | €144,365 | +€63,574 | +78.7% |
| Other operating charges | 640/8 | €9,074 | €11,350 | +€2,276 | +25.1% |
| Gross operating margin | 9900 | €176,700 | €134,607 | -€42,092 | -23.8% |
| Operating profit (loss) | 9901 | €86,835 | -€21,107 | -€107,942 | |
| Financial income | 75/76B | €783 | €543 | -€240 | -30.6% |
| Recurring financial income | 75 | €783 | €543 | -€240 | -30.6% |
| Financial charges | 65/66B | €17,586 | €28,463 | +€10,877 | +61.9% |
| Recurring financial charges | 65 | €17,586 | €28,463 | +€10,877 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €70,032 | -€49,028 | -€119,059 | |
| Transfer from deferred taxes | 780 | €1,615 | €1,615 | = | 0.0% |
| Income taxes | 67/77 | €22,069 | €0 | -€22,069 | -100.0% |
| Profit (loss) for the period | 9904 | €49,578 | -€47,412 | -€96,990 | |
| Transfer from tax-exempt reserves | 789 | €4,846 | €4,846 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,424 | -€42,567 | -€96,990 |
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 7 October 2026 via checked.be.