ORTHOHART: 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.
ORTHOHART
Largest movements
- Current investments +€235,480
up €235,480 (+52.5%), from €448,837 to €684,317
- Cash -€194,927
down €194,927 (-97.4%), from €200,134 to €5,207
mainly Contributions, distributions and other (-€737,057) and Current investments (-€235,480)
- Deferred charges and accrued income -€121,873
down €121,873 (-95.4%), from €127,729 to €5,856
- Receivables within one year +€121,066
new in 2025: €121,066
- Other debts +€357,096
up €357,096 (+11,044%), from €3,233 to €360,329
- Reserves -€320,516
down €320,516 (-42.0%), from €762,854 to €442,339
- Financial income +€58,912
up €58,912 (+1,524%), from €3,866 to €62,778
- Gross operating margin +€55,283
up €55,283 (+12.6%), from €438,614 to €493,897
- Taxes +€17,642
up €17,642 (+16.3%), from €108,224 to €125,866
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.
Derived cash bridge
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 | €792,534 | €824,735 | +€32,201 | +4.1% |
| Fixed assets | 21/28 | €15,834 | €8,288 | -€7,546 | -47.7% |
| Tangible fixed assets | 22/27 | €14,859 | €7,313 | -€7,546 | -50.8% |
| Plant, machinery and equipment | 23 | - | €3,400 | +€3,400 | |
| Furniture and vehicles | 24 | €3,429 | €1,870 | -€1,559 | -45.5% |
| Other tangible fixed assets | 26 | €11,430 | €2,043 | -€9,387 | -82.1% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €776,700 | €816,446 | +€39,746 | +5.1% |
| Amounts receivable within one year | 40/41 | - | €121,066 | +€121,066 | |
| Trade receivables | 40 | - | €121,066 | +€121,066 | |
| Current investments | 50/53 | €448,837 | €684,317 | +€235,480 | +52.5% |
| Cash at bank and in hand | 54/58 | €200,134 | €5,207 | -€194,927 | -97.4% |
| Deferred charges and accrued income | 490/1 | €127,729 | €5,856 | -€121,873 | -95.4% |
| Total equity and liabilities | 10/49 | €792,534 | €824,735 | +€32,201 | +4.1% |
| Equity | 10/15 | €781,404 | €460,889 | -€320,516 | -41.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €762,854 | €442,339 | -€320,516 | -42.0% |
| Distributable reserves | 133 | €762,854 | €442,339 | -€320,516 | -42.0% |
| Amounts payable | 17/49 | €11,130 | €363,846 | +€352,716 | +3,169% |
| Amounts payable within one year | 42/48 | €11,130 | €363,846 | +€352,716 | +3,169% |
| Trade debts | 44 | €832 | €979 | +€147 | +17.6% |
| Suppliers | 440/4 | €832 | €979 | +€147 | +17.6% |
| Taxes, remuneration and social security | 45 | €7,065 | €2,538 | -€4,526 | -64.1% |
| Taxes | 450/3 | €7,065 | €2,538 | -€4,526 | -64.1% |
| Other amounts payable | 47/48 | €3,233 | €360,329 | +€357,096 | +11,044% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,946 | €11,146 | +€200 | +1.8% |
| Other operating charges | 640/8 | €2,309 | €2,548 | +€239 | +10.4% |
| Gross operating margin | 9900 | €438,614 | €493,897 | +€55,283 | +12.6% |
| Operating profit (loss) | 9901 | €425,359 | €480,203 | +€54,844 | +12.9% |
| Financial income | 75/76B | €3,866 | €62,778 | +€58,912 | +1,524% |
| Recurring financial income | 75 | €3,866 | €62,778 | +€58,912 | +1,524% |
| Financial charges | 65/66B | €485 | €573 | +€88 | +18.2% |
| Recurring financial charges | 65 | €485 | €573 | +€88 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €428,740 | €542,408 | +€113,668 | +26.5% |
| Income taxes | 67/77 | €108,224 | €125,866 | +€17,642 | +16.3% |
| Profit (loss) for the period | 9904 | €320,516 | €416,541 | +€96,026 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €320,516 | €416,541 | +€96,026 | +30.0% |
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 24 October 2026 via checked.be.