ORTHOHAND: 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.
ORTHOHAND
Largest movements
- Receivables after one year +€107,735
up €107,735 (+33.7%), from €320,000 to €427,735
- Cash -€43,998
down €43,998 (-83.1%), from €52,939 to €8,941
mainly Receivables after one year (-€107,735) and Investment in fixed assets (net) (-€60,120)
- Deferred charges and accrued income +€22,054
up €22,054 (+15.9%), from €139,123 to €161,178
- Tangible fixed assets +€20,226
up €20,226 (+3.9%), from €521,092 to €541,318
of which Other tangible fixed assets: +€53,913
- Reserves +€173,645
up €173,645 (+42.7%), from €406,752 to €580,397
- Tax, wage and social debts -€29,841
down €29,841 (-100.0%), from €29,841 to €0
- Debts after one year -€24,929
down €24,929 (-13.1%), from €189,660 to €164,732
- Financial charges +€18,564
up €18,564 (+228.5%), from €8,125 to €26,689
- Staff costs -€7,520
down €7,520 (-100.0%), from €7,520 to €0
- Financial income +€6,225
up €6,225 (+51.7%), from €12,045 to €18,270
- Depreciation +€4,215
up €4,215 (+11.8%), from €35,679 to €39,894
- Gross operating margin +€3,674
up €3,674 (+1.2%), from €302,096 to €305,770
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 | €1,033,180 | €1,141,902 | +€108,722 | +10.5% |
| Fixed assets | 21/28 | €521,117 | €541,343 | +€20,226 | +3.9% |
| Tangible fixed assets | 22/27 | €521,092 | €541,318 | +€20,226 | +3.9% |
| Land and buildings | 22 | €469,594 | €445,974 | -€23,620 | -5.0% |
| Plant, machinery and equipment | 23 | €31,449 | €25,963 | -€5,486 | -17.4% |
| Furniture and vehicles | 24 | €11,560 | €6,980 | -€4,581 | -39.6% |
| Other tangible fixed assets | 26 | €8,489 | €62,401 | +€53,913 | +635.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €512,063 | €600,559 | +€88,497 | +17.3% |
| Amounts receivable after more than one year | 29 | €320,000 | €427,735 | +€107,735 | +33.7% |
| Other amounts receivable | 291 | €320,000 | €427,735 | +€107,735 | +33.7% |
| Amounts receivable within one year | 40/41 | - | €2,706 | +€2,706 | |
| Other amounts receivable | 41 | - | €2,706 | +€2,706 | |
| Cash at bank and in hand | 54/58 | €52,939 | €8,941 | -€43,998 | -83.1% |
| Deferred charges and accrued income | 490/1 | €139,123 | €161,178 | +€22,054 | +15.9% |
| Total equity and liabilities | 10/49 | €1,033,180 | €1,141,902 | +€108,722 | +10.5% |
| Equity | 10/15 | €722,491 | €896,135 | +€173,645 | +24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €406,752 | €580,397 | +€173,645 | +42.7% |
| Distributable reserves | 133 | €406,752 | €580,397 | +€173,645 | +42.7% |
| Profit (loss) carried forward | 14 | €303,338 | €303,338 | = | 0.0% |
| Amounts payable | 17/49 | €310,689 | €245,767 | -€64,922 | -20.9% |
| Amounts payable after more than one year | 17 | €189,660 | €164,732 | -€24,929 | -13.1% |
| Financial debts | 170/4 | €189,660 | €164,732 | -€24,929 | -13.1% |
| Amounts payable within one year | 42/48 | €121,029 | €81,035 | -€39,994 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €76,023 | €76,499 | +€477 | +0.6% |
| Trade debts | 44 | €3,750 | €4,536 | +€786 | +21.0% |
| Suppliers | 440/4 | €3,750 | €4,536 | +€786 | +21.0% |
| Taxes, remuneration and social security | 45 | €29,841 | €0 | -€29,841 | -100.0% |
| Taxes | 450/3 | €29,841 | €0 | -€29,841 | -100.0% |
| Other amounts payable | 47/48 | €11,415 | €0 | -€11,415 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,520 | €0 | -€7,520 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,679 | €39,894 | +€4,215 | +11.8% |
| Other operating charges | 640/8 | €4,335 | €5,855 | +€1,519 | +35.0% |
| Gross operating margin | 9900 | €302,096 | €305,770 | +€3,674 | +1.2% |
| Operating profit (loss) | 9901 | €254,561 | €260,021 | +€5,461 | +2.1% |
| Financial income | 75/76B | €12,045 | €18,270 | +€6,225 | +51.7% |
| Recurring financial income | 75 | €12,045 | €18,270 | +€6,225 | +51.7% |
| Financial charges | 65/66B | €8,125 | €26,689 | +€18,564 | +228.5% |
| Recurring financial charges | 65 | €8,125 | €26,689 | +€18,564 | +228.5% |
| Profit (loss) for the period before taxes | 9903 | €258,482 | €251,603 | -€6,879 | -2.7% |
| Income taxes | 67/77 | €78,778 | €77,958 | -€820 | -1.0% |
| Profit (loss) for the period | 9904 | €179,703 | €173,645 | -€6,059 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €179,703 | €173,645 | -€6,059 | -3.4% |
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 10 October 2026 via checked.be.