ORTHOJEN: 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.
ORTHOJEN
Largest movements
- Tangible fixed assets -€25,708
down €25,708 (-4.6%), from €560,175 to €534,467
of which Other tangible fixed assets: -€37,955
- Cash +€14,924
up €14,924 (+21.1%), from €70,893 to €85,817
mainly Depreciation (+€91,310) and Net result for the year (+€77,822)
- Reserves -€47,178
down €47,178 (-20.0%), from €235,477 to €188,299
- Tax, wage and social debts +€25,000
up €25,000 (+682%), from €3,666 to €28,666
- Other debts +€24,208
up €24,208 (+21.2%), from €114,225 to €138,433
- Debts after one year -€8,913
down €8,913 (-5.0%), from €179,957 to €171,044
- Gross operating margin -€29,334
down €29,334 (-12.7%), from €231,389 to €202,055
- Taxes -€9,231
down €9,231 (-30.2%), from €30,578 to €21,347
- Depreciation +€8,936
up €8,936 (+10.8%), from €82,374 to €91,310
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 | €641,911 | €638,185 | -€3,726 | -0.6% |
| Fixed assets | 21/28 | €560,175 | €534,467 | -€25,708 | -4.6% |
| Tangible fixed assets | 22/27 | €560,175 | €534,467 | -€25,708 | -4.6% |
| Land and buildings | 22 | €277,007 | €252,662 | -€24,345 | -8.8% |
| Plant, machinery and equipment | 23 | €85,903 | €62,714 | -€23,189 | -27.0% |
| Furniture and vehicles | 24 | €7,395 | €67,176 | +€59,781 | +808% |
| Other tangible fixed assets | 26 | €189,870 | €151,915 | -€37,955 | -20.0% |
| Current assets | 29/58 | €81,736 | €103,718 | +€21,982 | +26.9% |
| Amounts receivable within one year | 40/41 | €760 | €6,318 | +€5,558 | +731% |
| Trade receivables | 40 | €760 | €574 | -€186 | -24.5% |
| Other amounts receivable | 41 | - | €5,744 | +€5,744 | |
| Cash at bank and in hand | 54/58 | €70,893 | €85,817 | +€14,924 | +21.1% |
| Deferred charges and accrued income | 490/1 | €10,083 | €11,583 | +€1,500 | +14.9% |
| Total equity and liabilities | 10/49 | €641,911 | €638,185 | -€3,726 | -0.6% |
| Equity | 10/15 | €285,077 | €237,899 | -€47,178 | -16.5% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €235,477 | €188,299 | -€47,178 | -20.0% |
| Distributable reserves | 133 | €235,477 | €188,299 | -€47,178 | -20.0% |
| Amounts payable | 17/49 | €356,834 | €400,286 | +€43,452 | +12.2% |
| Amounts payable after more than one year | 17 | €179,957 | €171,044 | -€8,913 | -5.0% |
| Financial debts | 170/4 | €179,957 | €171,044 | -€8,913 | -5.0% |
| Amounts payable within one year | 42/48 | €176,830 | €229,192 | +€52,362 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €54,110 | €57,359 | +€3,249 | +6.0% |
| Trade debts | 44 | €4,829 | €4,734 | -€95 | -2.0% |
| Suppliers | 440/4 | €4,829 | €4,734 | -€95 | -2.0% |
| Taxes, remuneration and social security | 45 | €3,666 | €28,666 | +€25,000 | +682% |
| Taxes | 450/3 | €3,666 | €28,666 | +€25,000 | +682% |
| Other amounts payable | 47/48 | €114,225 | €138,433 | +€24,208 | +21.2% |
| Accrued charges and deferred income | 492/3 | €47 | €50 | +€3 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,374 | €91,310 | +€8,936 | +10.8% |
| Other operating charges | 640/8 | €3,100 | €3,093 | -€7 | -0.2% |
| Gross operating margin | 9900 | €231,389 | €202,055 | -€29,334 | -12.7% |
| Operating profit (loss) | 9901 | €145,915 | €107,652 | -€38,263 | -26.2% |
| Financial income | 75/76B | €312 | €310 | -€2 | -0.6% |
| Recurring financial income | 75 | €312 | €310 | -€2 | -0.6% |
| Financial charges | 65/66B | €8,951 | €8,793 | -€158 | -1.8% |
| Recurring financial charges | 65 | €8,951 | €8,793 | -€158 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €137,276 | €99,169 | -€38,107 | -27.8% |
| Income taxes | 67/77 | €30,578 | €21,347 | -€9,231 | -30.2% |
| Profit (loss) for the period | 9904 | €106,698 | €77,822 | -€28,876 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,698 | €77,822 | -€28,876 | -27.1% |
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.