ORTHOKINE: what changed
ORTHOKINE
Largest movements
- Tangible fixed assets +€121,463
up €121,463 (+475%), from €25,581 to €147,044
of which Land and buildings: +€113,125
- Cash -€101,710
down €101,710 (-69.6%), from €146,155 to €44,445
mainly Investment in fixed assets (net) (-€138,327) and Contributions, distributions and other (-€40,000)
- Other debts +€30,000
new in 2025: €30,000
- Profit (loss) carried forward -€17,781
down €17,781 (-11.1%), from €160,124 to €142,343
- Tax, wage and social debts +€8,698
up €8,698 (+63.2%), from €13,771 to €22,469
- Other operating charges +€13,983
up €13,983 (+1,999%), from €699 to €14,683
- Gross operating margin -€6,021
down €6,021 (-8.7%), from €69,609 to €63,587
- Taxes -€5,073
down €5,073 (-36.8%), from €13,771 to €8,698
- Depreciation +€3,269
up €3,269 (+24.0%), from €13,595 to €16,864
- Staff costs -€3,020
down €3,020 (-72.3%), from €4,175 to €1,155
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,621 | €205,374 | +€19,753 | +10.6% |
| Fixed assets | 21/28 | €25,581 | €147,044 | +€121,463 | +475% |
| Tangible fixed assets | 22/27 | €25,581 | €147,044 | +€121,463 | +475% |
| Land and buildings | 22 | - | €113,125 | +€113,125 | |
| Plant, machinery and equipment | 23 | €17,139 | €28,775 | +€11,636 | +67.9% |
| Furniture and vehicles | 24 | €8,442 | €5,144 | -€3,298 | -39.1% |
| Current assets | 29/58 | €160,040 | €58,330 | -€101,710 | -63.6% |
| Amounts receivable within one year | 40/41 | €13,542 | €13,542 | = | 0.0% |
| Other amounts receivable | 41 | €13,542 | €13,542 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,155 | €44,445 | -€101,710 | -69.6% |
| Deferred charges and accrued income | 490/1 | €343 | €343 | = | 0.0% |
| Total equity and liabilities | 10/49 | €185,621 | €205,374 | +€19,753 | +10.6% |
| Equity | 10/15 | €168,184 | €150,403 | -€17,781 | -10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,124 | €142,343 | -€17,781 | -11.1% |
| Amounts payable | 17/49 | €17,437 | €54,971 | +€37,534 | +215% |
| Amounts payable within one year | 42/48 | €17,437 | €54,971 | +€37,534 | +215% |
| Trade debts | 44 | €3,666 | €2,502 | -€1,164 | -31.7% |
| Suppliers | 440/4 | €3,666 | €2,502 | -€1,164 | -31.7% |
| Taxes, remuneration and social security | 45 | €13,771 | €22,469 | +€8,698 | +63.2% |
| Taxes | 450/3 | €13,771 | €22,469 | +€8,698 | +63.2% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €4,175 | €1,155 | -€3,020 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,595 | €16,864 | +€3,269 | +24.0% |
| Other operating charges | 640/8 | €699 | €14,683 | +€13,983 | +1,999% |
| Gross operating margin | 9900 | €69,609 | €63,587 | -€6,021 | -8.7% |
| Operating profit (loss) | 9901 | €51,139 | €30,886 | -€20,254 | -39.6% |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €45 | €51 | +€6 | +13.4% |
| Recurring financial charges | 65 | €45 | €51 | +€6 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €51,094 | €30,917 | -€20,177 | -39.5% |
| Income taxes | 67/77 | €13,771 | €8,698 | -€5,073 | -36.8% |
| Profit (loss) for the period | 9904 | €37,323 | €22,219 | -€15,104 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,323 | €22,219 | -€15,104 | -40.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.