ORTHOJEK: 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.
What changed
ORTHOJEK
NACE 86.220, Specialist medical practice
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€158,457
2024 · €190,550-€32,092
Equity
€888,903
2024 · €731,742+€157,161
Cash
€193,014
2024 · €325,963-€132,949
Balance sheet total
€3.6m
2024 · €3.8m-€229,190
Largest movements
Assets
- Current investments -€137,500
down €137,500 (-87.3%), from €157,500 to €20,000
- Cash -€132,949
down €132,949 (-40.8%), from €325,963 to €193,014
mainly Investment in fixed assets (net) (-€206,991) and Debts after one year (-€181,665)
Equity and liabilities
- Debts after one year -€181,665
down €181,665 (-14.4%), from €1.3m to €1.1m
- Other debts -€164,660
down €164,660 (-38.1%), from €431,841 to €267,181
- Profit (loss) carried forward +€158,457
up €158,457 (+43.3%), from €365,981 to €524,438
Income statement
- Staff costs +€39,873
up €39,873 (+96.6%), from €41,268 to €81,141
- Taxes -€12,763
down €12,763 (-21.0%), from €60,853 to €48,090
- Gross operating margin +€10,652
up €10,652 (+1.8%), from €579,480 to €590,132
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.
Result 2024
€190,550
Gross operating margin
+€10,652
Staff costs
-€39,873
Depreciation
+€79
Provisions
+€832
Other operating charges
-€495
Other operating items
-€16,958
Financial income
-€514
Financial charges
+€1,423
Taxes
+€12,763
Result 2025
€158,457
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.
From operations
+€116,154
Investment
-€69,491
Financing
-€179,612
Cash 2024
€325,963
From operations (derived)
+€116,154
Net result for the year
+€158,457
Depreciation
+€172,931
Receivables within one year
-€4,585
Deferred charges and accrued income
-€2,615
Provisions
-€12,487
Trade debts
+€739
Tax, wage and social debts
-€6,999
Other debts
-€164,660
Accrued charges and deferred income
-€24,628
Investment (derived)
-€69,491
Investment in fixed assets (net)
-€206,991
Current investments
+€137,500
Financing
-€179,612
Debts after one year
-€181,665
Current portion of long-term debt
+€3,350
Contributions, distributions and other
-€1,297
Cash 2025
€193,014
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,785,707 | €3,556,518 | -€229,190 | -6.1% |
| Fixed assets | 21/28 | €2,947,865 | €2,981,925 | +€34,060 | +1.2% |
| Tangible fixed assets | 22/27 | €2,947,815 | €2,981,875 | +€34,060 | +1.2% |
| Land and buildings | 22 | €1,629,016 | €1,577,289 | -€51,727 | -3.2% |
| Plant, machinery and equipment | 23 | €209,650 | €322,616 | +€112,966 | +53.9% |
| Furniture and vehicles | 24 | €36,856 | €28,970 | -€7,886 | -21.4% |
| Leasing and similar rights | 25 | €958,820 | €902,630 | -€56,190 | -5.9% |
| Other tangible fixed assets | 26 | €113,474 | €150,371 | +€36,897 | +32.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €837,842 | €574,592 | -€263,250 | -31.4% |
| Stocks and contracts in progress | 3 | €240,188 | €240,188 | = | 0.0% |
| Stocks | 30/36 | €240,188 | €240,188 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,962 | €101,547 | +€4,585 | +4.7% |
| Trade receivables | 40 | €96,962 | €88,759 | -€8,203 | -8.5% |
| Other amounts receivable | 41 | - | €12,788 | +€12,788 | |
| Current investments | 50/53 | €157,500 | €20,000 | -€137,500 | -87.3% |
| Cash at bank and in hand | 54/58 | €325,963 | €193,014 | -€132,949 | -40.8% |
| Deferred charges and accrued income | 490/1 | €17,230 | €19,844 | +€2,615 | +15.2% |
| Total equity and liabilities | 10/49 | €3,785,707 | €3,556,518 | -€229,190 | -6.1% |
| Equity | 10/15 | €731,742 | €888,903 | +€157,161 | +21.5% |
| Contributions | 10/11 | €168,951 | €168,951 | = | 0.0% |
| Reserves | 13 | €185,971 | €185,971 | = | 0.0% |
| Distributable reserves | 133 | €185,971 | €185,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,981 | €524,438 | +€158,457 | +43.3% |
| Investment grants | 15 | €10,839 | €9,543 | -€1,297 | -12.0% |
| Provisions and deferred taxes | 16 | €1,095,312 | €1,082,825 | -€12,487 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €1,095,312 | €1,082,825 | -€12,487 | -1.1% |
| Other liabilities and charges | 164/5 | €1,095,312 | €1,082,825 | -€12,487 | -1.1% |
| Amounts payable | 17/49 | €1,958,653 | €1,584,789 | -€373,864 | -19.1% |
| Amounts payable after more than one year | 17 | €1,259,499 | €1,077,833 | -€181,665 | -14.4% |
| Financial debts | 170/4 | €1,259,499 | €1,077,833 | -€181,665 | -14.4% |
| Amounts payable within one year | 42/48 | €641,219 | €473,649 | -€167,570 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €178,315 | €181,665 | +€3,350 | +1.9% |
| Trade debts | 44 | €1,282 | €2,020 | +€739 | +57.6% |
| Suppliers | 440/4 | €1,282 | €2,020 | +€739 | +57.6% |
| Taxes, remuneration and social security | 45 | €29,781 | €22,782 | -€6,999 | -23.5% |
| Taxes | 450/3 | €21,591 | €11,451 | -€10,141 | -47.0% |
| Remuneration and social security | 454/9 | €8,189 | €11,331 | +€3,141 | +38.4% |
| Other amounts payable | 47/48 | €431,841 | €267,181 | -€164,660 | -38.1% |
| Accrued charges and deferred income | 492/3 | €57,935 | €33,308 | -€24,628 | -42.5% |
| Non-recurring operating income | 76A | €4,732 | €29,200 | +€24,469 | +517.1% |
| Remuneration, social security and pensions | 62 | €41,268 | €81,141 | +€39,873 | +96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,010 | €172,931 | -€79 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,655 | -€12,487 | -€832 | -7.1% |
| Other operating charges | 640/8 | €13,609 | €14,104 | +€495 | +3.6% |
| Non-recurring operating charges | 66A | €4,351 | €21,309 | +€16,958 | +389.7% |
| Gross operating margin | 9900 | €579,480 | €590,132 | +€10,652 | +1.8% |
| Operating profit (loss) | 9901 | €358,897 | €313,133 | -€45,763 | -12.8% |
| Financial income | 75/76B | €7,603 | €7,089 | -€514 | -6.8% |
| Recurring financial income | 75 | €7,603 | €7,089 | -€514 | -6.8% |
| Financial charges | 65/66B | €115,098 | €113,675 | -€1,423 | -1.2% |
| Recurring financial charges | 65 | €115,098 | €113,675 | -€1,423 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €251,402 | €206,547 | -€44,855 | -17.8% |
| Income taxes | 67/77 | €60,853 | €48,090 | -€12,763 | -21.0% |
| Profit (loss) for the period | 9904 | €190,550 | €158,457 | -€32,092 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €190,550 | €158,457 | -€32,092 | -16.8% |
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 12 October 2026 via checked.be.