ORTHOFRAME: 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.
ORTHOFRAME
Largest movements
- Cash -€155,598
down €155,598 (-62.1%), from €250,540 to €94,942
mainly Contributions, distributions and other (-€180,000) and Deferred charges and accrued income (-€44,716)
- Deferred charges and accrued income +€44,716
up €44,716 (+7962.8%), from €562 to €45,278
- Receivables within one year -€31,910
down €31,910 (-40.4%), from €78,919 to €47,010
of which Trade receivables: -€50,693
- Profit (loss) carried forward -€73,594
down €73,594 (-94.9%), from €77,531 to €3,937
- Other debts -€34,000
down €34,000 (-18.2%), from €187,000 to €153,000
- Tax, wage and social debts -€28,531
down €28,531 (-48.9%), from €58,381 to €29,850
of which Taxes: -€25,731
- Trade debts -€5,423
down €5,423 (-73.0%), from €7,425 to €2,003
- Gross operating margin -€6,863
down €6,863 (-4.6%), from €149,715 to €142,851
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 | €333,337 | €191,790 | -€141,547 | -42.5% |
| Fixed assets | 21/28 | €3,317 | €1,761 | -€1,556 | -46.9% |
| Intangible fixed assets | 21 | €599 | €94 | -€505 | -84.4% |
| Tangible fixed assets | 22/27 | €2,718 | €1,667 | -€1,051 | -38.7% |
| Furniture and vehicles | 24 | €2,718 | €1,667 | -€1,051 | -38.7% |
| Current assets | 29/58 | €330,021 | €190,029 | -€139,992 | -42.4% |
| Amounts receivable within one year | 40/41 | €78,919 | €47,010 | -€31,910 | -40.4% |
| Trade receivables | 40 | €50,693 | - | -€50,693 | |
| Other amounts receivable | 41 | €28,226 | €47,010 | +€18,783 | +66.5% |
| Current investments | 50/53 | - | €2,800 | +€2,800 | |
| Cash at bank and in hand | 54/58 | €250,540 | €94,942 | -€155,598 | -62.1% |
| Deferred charges and accrued income | 490/1 | €562 | €45,278 | +€44,716 | +7962.8% |
| Total equity and liabilities | 10/49 | €333,337 | €191,790 | -€141,547 | -42.5% |
| Equity | 10/15 | €80,531 | €6,937 | -€73,594 | -91.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,531 | €3,937 | -€73,594 | -94.9% |
| Amounts payable | 17/49 | €252,806 | €184,853 | -€67,954 | -26.9% |
| Amounts payable within one year | 42/48 | €252,806 | €184,853 | -€67,954 | -26.9% |
| Trade debts | 44 | €7,425 | €2,003 | -€5,423 | -73.0% |
| Suppliers | 440/4 | €7,425 | €2,003 | -€5,423 | -73.0% |
| Taxes, remuneration and social security | 45 | €58,381 | €29,850 | -€28,531 | -48.9% |
| Taxes | 450/3 | €55,581 | €29,850 | -€25,731 | -46.3% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €187,000 | €153,000 | -€34,000 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,935 | €1,556 | -€1,380 | -47.0% |
| Other operating charges | 640/8 | €742 | €861 | +€119 | +16.1% |
| Gross operating margin | 9900 | €149,715 | €142,851 | -€6,863 | -4.6% |
| Operating profit (loss) | 9901 | €146,038 | €140,435 | -€5,603 | -3.8% |
| Financial income | 75/76B | €640 | €1,265 | +€624 | +97.5% |
| Recurring financial income | 75 | €640 | €1,265 | +€624 | +97.5% |
| Financial charges | 65/66B | €2,657 | €2,565 | -€93 | -3.5% |
| Recurring financial charges | 65 | €2,657 | €2,565 | -€93 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €144,021 | €139,134 | -€4,886 | -3.4% |
| Income taxes | 67/77 | €34,192 | €32,728 | -€1,464 | -4.3% |
| Profit (loss) for the period | 9904 | €109,828 | €106,406 | -€3,422 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,828 | €106,406 | -€3,422 | -3.1% |
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 4 October 2026 via checked.be.