ORTHOKAS: 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.
ORTHOKAS
Largest movements
- Tangible fixed assets -€34,647
down €34,647 (-5.4%), from €639,553 to €604,905
of which Plant, machinery and equipment: -€30,003
- Cash -€10,074
down €10,074 (-12.7%), from €79,103 to €69,029
mainly Contributions, distributions and other (-€890,000) and Investment in fixed assets (net) (-€50,649)
- Reserves -€357,259
down €357,259 (-80.7%), from €442,484 to €85,224
- Other debts +€309,836
up €309,836 (+199%), from €155,314 to €465,150
- Current portion of long-term debt -€24,436
no longer reported in 2025 (was €24,436)
- Tax, wage and social debts +€21,049
up €21,049 (+90.3%), from €23,309 to €44,358
of which Taxes: +€25,982
- Gross operating margin +€160,387
up €160,387 (+20.5%), from €783,266 to €943,652
- Taxes +€32,055
up €32,055 (+22.5%), from €142,705 to €174,760
- Staff costs +€13,289
up €13,289 (+12.5%), from €106,024 to €119,313
- Financial charges +€11,848
up €11,848 (+112%), from €10,552 to €22,400
- Depreciation +€10,922
up €10,922 (+14.7%), from €74,374 to €85,296
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 | €725,952 | €674,715 | -€51,236 | -7.1% |
| Fixed assets | 21/28 | €639,554 | €604,906 | -€34,647 | -5.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €639,553 | €604,905 | -€34,647 | -5.4% |
| Land and buildings | 22 | €333,972 | €312,041 | -€21,932 | -6.6% |
| Plant, machinery and equipment | 23 | €183,061 | €153,058 | -€30,003 | -16.4% |
| Furniture and vehicles | 24 | €7,885 | €8,080 | +€194 | +2.5% |
| Other tangible fixed assets | 26 | €114,634 | €131,727 | +€17,093 | +14.9% |
| Current assets | 29/58 | €86,398 | €69,809 | -€16,589 | -19.2% |
| Amounts receivable within one year | 40/41 | €2,295 | - | -€2,295 | |
| Other amounts receivable | 41 | €2,295 | - | -€2,295 | |
| Cash at bank and in hand | 54/58 | €79,103 | €69,029 | -€10,074 | -12.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | €780 | -€4,220 | -84.4% |
| Total equity and liabilities | 10/49 | €725,952 | €674,715 | -€51,236 | -7.1% |
| Equity | 10/15 | €469,984 | €112,724 | -€357,259 | -76.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €442,484 | €85,224 | -€357,259 | -80.7% |
| Distributable reserves | 133 | €442,484 | €85,224 | -€357,259 | -80.7% |
| Amounts payable | 17/49 | €255,968 | €561,991 | +€306,023 | +120% |
| Amounts payable within one year | 42/48 | €255,968 | €561,991 | +€306,023 | +120% |
| Current portion of amounts payable after more than one year | 42 | €24,436 | - | -€24,436 | |
| Trade debts | 44 | €52,909 | €52,483 | -€425 | -0.8% |
| Suppliers | 440/4 | €52,909 | €52,483 | -€425 | -0.8% |
| Taxes, remuneration and social security | 45 | €23,309 | €44,358 | +€21,049 | +90.3% |
| Taxes | 450/3 | €2,829 | €28,810 | +€25,982 | +919% |
| Remuneration and social security | 454/9 | €20,480 | €15,547 | -€4,933 | -24.1% |
| Other amounts payable | 47/48 | €155,314 | €465,150 | +€309,836 | +199% |
| Remuneration, social security and pensions | 62 | €106,024 | €119,313 | +€13,289 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,374 | €85,296 | +€10,922 | +14.7% |
| Other operating charges | 640/8 | €7,660 | €9,143 | +€1,483 | +19.4% |
| Gross operating margin | 9900 | €783,266 | €943,652 | +€160,387 | +20.5% |
| Operating profit (loss) | 9901 | €595,208 | €729,900 | +€134,692 | +22.6% |
| Financial charges | 65/66B | €10,552 | €22,400 | +€11,848 | +112% |
| Recurring financial charges | 65 | €10,552 | €22,400 | +€11,848 | +112% |
| Profit (loss) for the period before taxes | 9903 | €584,657 | €707,500 | +€122,844 | +21.0% |
| Income taxes | 67/77 | €142,705 | €174,760 | +€32,055 | +22.5% |
| Profit (loss) for the period | 9904 | €441,951 | €532,741 | +€90,789 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €441,951 | €532,741 | +€90,789 | +20.5% |
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 23 October 2026 via checked.be.