ORTHOGER: 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.
ORTHOGER
Largest movements
- Cash +€73,519
up €73,519 (+50.4%), from €145,876 to €219,395
mainly Net result for the year (+€128,185) and Depreciation (+€38,296)
- Receivables after one year +€56,000
new in 2025: €56,000
- Tangible fixed assets -€40,705
down €40,705 (-13.7%), from €296,211 to €255,506
of which Land and buildings: -€29,126
- Reserves +€128,000
up €128,000 (+36.8%), from €347,860 to €475,860
- Tax, wage and social debts -€32,875
down €32,875 (-74.1%), from €44,368 to €11,493
- Debts after one year -€7,370
down €7,370 (-26.5%), from €27,800 to €20,430
- Other debts +€7,121
up €7,121 (+225.3%), from €3,161 to €10,282
- Turnover +€58,048
new in 2025: €58,048
- Gross operating margin -€21,194
down €21,194 (-8.3%), from €254,192 to €232,997
- Taxes -€8,721
down €8,721 (-13.1%), from €66,769 to €58,048
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 | €443,087 | €536,412 | +€93,325 | +21.1% |
| Fixed assets | 21/28 | €297,211 | €256,506 | -€40,705 | -13.7% |
| Tangible fixed assets | 22/27 | €296,211 | €255,506 | -€40,705 | -13.7% |
| Land and buildings | 22 | €188,606 | €159,480 | -€29,126 | -15.4% |
| Furniture and vehicles | 24 | €107,605 | €96,026 | -€11,579 | -10.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €145,876 | €279,905 | +€134,029 | +91.9% |
| Amounts receivable after more than one year | 29 | - | €56,000 | +€56,000 | |
| Other amounts receivable | 291 | - | €56,000 | +€56,000 | |
| Cash at bank and in hand | 54/58 | €145,876 | €219,395 | +€73,519 | +50.4% |
| Deferred charges and accrued income | 490/1 | - | €4,510 | +€4,510 | |
| Total equity and liabilities | 10/49 | €443,087 | €536,412 | +€93,325 | +21.1% |
| Equity | 10/15 | €357,555 | €485,740 | +€128,185 | +35.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €347,860 | €475,860 | +€128,000 | +36.8% |
| Distributable reserves | 133 | €347,860 | €475,860 | +€128,000 | +36.8% |
| Profit (loss) carried forward | 14 | €3,495 | €3,680 | +€185 | +5.3% |
| Amounts payable | 17/49 | €85,532 | €50,672 | -€34,860 | -40.8% |
| Amounts payable after more than one year | 17 | €27,800 | €20,430 | -€7,370 | -26.5% |
| Financial debts | 170/4 | €27,800 | €20,430 | -€7,370 | -26.5% |
| Amounts payable within one year | 42/48 | €57,732 | €30,242 | -€27,490 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €7,088 | €7,370 | +€283 | +4.0% |
| Trade debts | 44 | €3,115 | €1,097 | -€2,018 | -64.8% |
| Suppliers | 440/4 | €3,115 | €1,097 | -€2,018 | -64.8% |
| Taxes, remuneration and social security | 45 | €44,368 | €11,493 | -€32,875 | -74.1% |
| Taxes | 450/3 | €44,368 | €11,493 | -€32,875 | -74.1% |
| Other amounts payable | 47/48 | €3,161 | €10,282 | +€7,121 | +225.3% |
| Turnover | 70 | - | €58,048 | +€58,048 | |
| Non-recurring operating income | 76A | - | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,431 | €38,296 | +€865 | +2.3% |
| Other operating charges | 640/8 | €5,578 | €6,526 | +€949 | +17.0% |
| Gross operating margin | 9900 | €254,192 | €232,997 | -€21,194 | -8.3% |
| Operating profit (loss) | 9901 | €211,183 | €188,175 | -€23,008 | -10.9% |
| Financial charges | 65/66B | €4,264 | €1,943 | -€2,322 | -54.4% |
| Recurring financial charges | 65 | €4,264 | €1,943 | -€2,322 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €206,919 | €186,232 | -€20,686 | -10.0% |
| Income taxes | 67/77 | €66,769 | €58,048 | -€8,721 | -13.1% |
| Profit (loss) for the period | 9904 | €140,150 | €128,185 | -€11,965 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,150 | €128,185 | -€11,965 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.