OrthoFlex: 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.
OrthoFlex
Largest movements
- Receivables within one year -€37,121
down €37,121 (-81.9%), from €45,325 to €8,204
of which Trade receivables: -€27,226
- Cash +€16,242
up €16,242 (+16.9%), from €96,174 to €112,416
mainly Receivables within one year (+€37,121) and Net result for the year (+€26,977)
- Tangible fixed assets -€8,482
down €8,482 (-19.4%), from €43,647 to €35,165
- Deferred charges and accrued income +€7,712
up €7,712 (+68.0%), from €11,349 to €19,062
- Stocks and contracts +€2,271
up €2,271 (+10.1%), from €22,382 to €24,654
- Trade debts -€23,176
down €23,176 (-29.3%), from €79,122 to €55,946
- Other debts +€20,423
up €20,423 (+49.8%), from €41,036 to €61,458
- Accrued charges and deferred income -€20,407
down €20,407 (-99.3%), from €20,553 to €145
- Profit (loss) carried forward +€6,977
up €6,977 (+11.4%), from €61,134 to €68,111
- Debts after one year -€4,421
down €4,421 (-74.5%), from €5,935 to €1,514
- Gross operating margin +€25,793
up €25,793 (+134.0%), from €19,247 to €45,040
- Depreciation +€2,442
up €2,442 (+25.3%), from €9,659 to €12,101
- Taxes +€1,699
up €1,699 (+86.5%), from €1,963 to €3,662
- Financial charges -€914
down €914 (-37.6%), from €2,430 to €1,516
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 | €221,754 | €201,408 | -€20,346 | -9.2% |
| Fixed assets | 21/28 | €46,523 | €37,072 | -€9,450 | -20.3% |
| Intangible fixed assets | 21 | €2,876 | €1,908 | -€968 | -33.7% |
| Tangible fixed assets | 22/27 | €43,647 | €35,165 | -€8,482 | -19.4% |
| Land and buildings | 22 | €6,462 | €4,908 | -€1,554 | -24.1% |
| Plant, machinery and equipment | 23 | €15,746 | €11,999 | -€3,747 | -23.8% |
| Furniture and vehicles | 24 | €21,439 | €18,258 | -€3,181 | -14.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €175,231 | €164,335 | -€10,895 | -6.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €22,382 | €24,654 | +€2,271 | +10.1% |
| Stocks | 30/36 | €22,382 | €24,654 | +€2,271 | +10.1% |
| Amounts receivable within one year | 40/41 | €45,325 | €8,204 | -€37,121 | -81.9% |
| Trade receivables | 40 | €29,919 | €2,693 | -€27,226 | -91.0% |
| Other amounts receivable | 41 | €15,407 | €5,511 | -€9,896 | -64.2% |
| Cash at bank and in hand | 54/58 | €96,174 | €112,416 | +€16,242 | +16.9% |
| Deferred charges and accrued income | 490/1 | €11,349 | €19,062 | +€7,712 | +68.0% |
| Total equity and liabilities | 10/49 | €221,754 | €201,408 | -€20,346 | -9.2% |
| Equity | 10/15 | €68,866 | €75,843 | +€6,977 | +10.1% |
| Contributions | 10/11 | €7,732 | €7,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,134 | €68,111 | +€6,977 | +11.4% |
| Amounts payable | 17/49 | €152,888 | €125,565 | -€27,323 | -17.9% |
| Amounts payable after more than one year | 17 | €5,935 | €1,514 | -€4,421 | -74.5% |
| Financial debts | 170/4 | €5,935 | €1,514 | -€4,421 | -74.5% |
| Amounts payable within one year | 42/48 | €126,400 | €123,906 | -€2,494 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €4,246 | €4,421 | +€175 | +4.1% |
| Trade debts | 44 | €79,122 | €55,946 | -€23,176 | -29.3% |
| Suppliers | 440/4 | €79,122 | €55,946 | -€23,176 | -29.3% |
| Taxes, remuneration and social security | 45 | €1,996 | €2,080 | +€84 | +4.2% |
| Taxes | 450/3 | €1,996 | €2,080 | +€84 | +4.2% |
| Other amounts payable | 47/48 | €41,036 | €61,458 | +€20,423 | +49.8% |
| Accrued charges and deferred income | 492/3 | €20,553 | €145 | -€20,407 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,659 | €12,101 | +€2,442 | +25.3% |
| Other operating charges | 640/8 | €938 | €894 | -€44 | -4.7% |
| Gross operating margin | 9900 | €19,247 | €45,040 | +€25,793 | +134.0% |
| Operating profit (loss) | 9901 | €8,650 | €32,046 | +€23,395 | +270.5% |
| Financial income | 75/76B | €68 | €109 | +€41 | +59.8% |
| Recurring financial income | 75 | €68 | €109 | +€41 | +59.8% |
| Financial charges | 65/66B | €2,430 | €1,516 | -€914 | -37.6% |
| Recurring financial charges | 65 | €2,430 | €1,516 | -€914 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €6,288 | €30,639 | +€24,350 | +387.2% |
| Income taxes | 67/77 | €1,963 | €3,662 | +€1,699 | +86.5% |
| Profit (loss) for the period | 9904 | €4,325 | €26,977 | +€22,652 | +523.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,325 | €26,977 | +€22,652 | +523.7% |
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.