ORTHOFACE: 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.
ORTHOFACE
Largest movements
- Receivables within one year -€89,776
down €89,776 (-22.6%), from €397,761 to €307,985
of which Trade receivables: -€80,667
- Cash +€19,856
up €19,856 (+15.0%), from €132,685 to €152,541
mainly Net result for the year (+€266,288) and Receivables within one year (+€89,776)
- Financial fixed assets +€18,000
up €18,000 (+2.2%), from €821,546 to €839,546
- Contributions -€198,000
down €198,000 (-91.4%), from €216,600 to €18,600
- Reserves +€105,911
up €105,911 (+11.8%), from €900,090 to €1.0m
- Tax, wage and social debts +€74,870
up €74,870 (+92.8%), from €80,662 to €155,533
- Trade debts -€49,667
down €49,667 (-58.3%), from €85,262 to €35,596
- Debts after one year -€17,915
down €17,915 (-100.0%), from €17,915 to €0
- Gross operating margin +€16,449
up €16,449 (+4.1%), from €397,266 to €413,715
- Financial income +€6,950
up €6,950 (+143.1%), from €4,858 to €11,808
- Taxes +€5,174
up €5,174 (+4.2%), from €123,068 to €128,242
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 | €1,481,161 | €1,423,326 | -€57,835 | -3.9% |
| Fixed assets | 21/28 | €938,356 | €942,473 | +€4,117 | +0.4% |
| Tangible fixed assets | 22/27 | €116,810 | €102,927 | -€13,883 | -11.9% |
| Plant, machinery and equipment | 23 | €24,701 | €19,233 | -€5,467 | -22.1% |
| Furniture and vehicles | 24 | €92,109 | €83,693 | -€8,416 | -9.1% |
| Financial fixed assets | 28 | €821,546 | €839,546 | +€18,000 | +2.2% |
| Current assets | 29/58 | €542,805 | €480,853 | -€61,952 | -11.4% |
| Amounts receivable within one year | 40/41 | €397,761 | €307,985 | -€89,776 | -22.6% |
| Trade receivables | 40 | €80,667 | €0 | -€80,667 | -100.0% |
| Other amounts receivable | 41 | €317,094 | €307,985 | -€9,109 | -2.9% |
| Cash at bank and in hand | 54/58 | €132,685 | €152,541 | +€19,856 | +15.0% |
| Deferred charges and accrued income | 490/1 | €12,359 | €20,328 | +€7,968 | +64.5% |
| Total equity and liabilities | 10/49 | €1,481,161 | €1,423,326 | -€57,835 | -3.9% |
| Equity | 10/15 | €1,116,690 | €1,024,601 | -€92,089 | -8.2% |
| Contributions | 10/11 | €216,600 | €18,600 | -€198,000 | -91.4% |
| Reserves | 13 | €900,090 | €1,006,001 | +€105,911 | +11.8% |
| Distributable reserves | 133 | €900,090 | €1,006,001 | +€105,911 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €364,470 | €398,725 | +€34,255 | +9.4% |
| Amounts payable after more than one year | 17 | €17,915 | €0 | -€17,915 | -100.0% |
| Financial debts | 170/4 | €17,915 | €0 | -€17,915 | -100.0% |
| Amounts payable within one year | 42/48 | €346,555 | €392,845 | +€46,290 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,702 | €17,915 | +€213 | +1.2% |
| Financial debts | 43 | - | €16,809 | +€16,809 | |
| Credit institutions | 430/8 | - | €16,809 | +€16,809 | |
| Trade debts | 44 | €85,262 | €35,596 | -€49,667 | -58.3% |
| Suppliers | 440/4 | €85,262 | €35,596 | -€49,667 | -58.3% |
| Advances received on contracts in progress | 46 | €4,783 | €0 | -€4,783 | -100.0% |
| Taxes, remuneration and social security | 45 | €80,662 | €155,533 | +€74,870 | +92.8% |
| Taxes | 450/3 | €80,662 | €155,533 | +€74,870 | +92.8% |
| Other amounts payable | 47/48 | €158,146 | €166,993 | +€8,847 | +5.6% |
| Accrued charges and deferred income | 492/3 | €0 | €5,879 | +€5,879 | |
| Non-recurring operating income | 76A | - | €5,455 | +€5,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,789 | €26,393 | -€396 | -1.5% |
| Other operating charges | 640/8 | €1,887 | €2,408 | +€521 | +27.6% |
| Non-recurring operating charges | 66A | €2,414 | €0 | -€2,414 | -100.0% |
| Gross operating margin | 9900 | €397,266 | €413,715 | +€16,449 | +4.1% |
| Operating profit (loss) | 9901 | €366,177 | €384,914 | +€18,737 | +5.1% |
| Financial income | 75/76B | €4,858 | €11,808 | +€6,950 | +143.1% |
| Recurring financial income | 75 | €4,858 | €11,808 | +€6,950 | +143.1% |
| Financial charges | 65/66B | €3,364 | €2,192 | -€1,172 | -34.8% |
| Recurring financial charges | 65 | €3,364 | €2,192 | -€1,172 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €367,670 | €394,530 | +€26,859 | +7.3% |
| Income taxes | 67/77 | €123,068 | €128,242 | +€5,174 | +4.2% |
| Profit (loss) for the period | 9904 | €244,602 | €266,288 | +€21,685 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,602 | €266,288 | +€21,685 | +8.9% |
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.