ORTHOKLING: 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.
ORTHOKLING
Largest movements
- Cash +€169,852
up €169,852 (+138.9%), from €122,247 to €292,100
mainly Net result for the year (+€130,414) and Receivables within one year (+€25,385)
- Receivables within one year -€25,385
down €25,385 (-47.7%), from €53,202 to €27,818
of which Other amounts receivable: -€32,390
- Tangible fixed assets -€20,064
down €20,064 (-69.0%), from €29,074 to €9,009
of which Furniture and vehicles: -€19,362
- Reserves +€130,414
up €130,414 (+99.8%), from €130,687 to €261,101
- Debts after one year -€14,347
down €14,347 (-70.0%), from €20,504 to €6,157
- Tax, wage and social debts +€6,862
up €6,862 (+18.1%), from €37,821 to €44,683
- Gross operating margin +€78,050
up €78,050 (+57.9%), from €134,762 to €212,812
- Taxes +€27,065
up €27,065 (+82.5%), from €32,796 to €59,862
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,729 | €330,431 | +€123,703 | +59.8% |
| Formation expenses | 20 | €1,737 | €1,188 | -€548 | -31.6% |
| Fixed assets | 21/28 | €29,074 | €9,009 | -€20,064 | -69.0% |
| Tangible fixed assets | 22/27 | €29,074 | €9,009 | -€20,064 | -69.0% |
| Plant, machinery and equipment | 23 | €2,277 | €1,575 | -€702 | -30.8% |
| Furniture and vehicles | 24 | €26,797 | €7,434 | -€19,362 | -72.3% |
| Current assets | 29/58 | €175,918 | €320,234 | +€144,315 | +82.0% |
| Amounts receivable within one year | 40/41 | €53,202 | €27,818 | -€25,385 | -47.7% |
| Trade receivables | 40 | €19,042 | €26,048 | +€7,006 | +36.8% |
| Other amounts receivable | 41 | €34,160 | €1,770 | -€32,390 | -94.8% |
| Cash at bank and in hand | 54/58 | €122,247 | €292,100 | +€169,852 | +138.9% |
| Deferred charges and accrued income | 490/1 | €469 | €316 | -€152 | -32.5% |
| Total equity and liabilities | 10/49 | €206,729 | €330,431 | +€123,703 | +59.8% |
| Equity | 10/15 | €133,687 | €264,101 | +€130,414 | +97.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €130,687 | €261,101 | +€130,414 | +99.8% |
| Distributable reserves | 133 | €130,687 | €261,101 | +€130,414 | +99.8% |
| Amounts payable | 17/49 | €73,042 | €66,330 | -€6,712 | -9.2% |
| Amounts payable after more than one year | 17 | €20,504 | €6,157 | -€14,347 | -70.0% |
| Financial debts | 170/4 | €20,504 | €6,157 | -€14,347 | -70.0% |
| Amounts payable within one year | 42/48 | €52,538 | €60,173 | +€7,635 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €13,758 | €14,347 | +€589 | +4.3% |
| Trade debts | 44 | €879 | €1,143 | +€264 | +30.0% |
| Suppliers | 440/4 | €879 | €1,143 | +€264 | +30.0% |
| Taxes, remuneration and social security | 45 | €37,821 | €44,683 | +€6,862 | +18.1% |
| Taxes | 450/3 | €37,821 | €44,683 | +€6,862 | +18.1% |
| Other amounts payable | 47/48 | €79 | - | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,613 | €20,613 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €521 | +€20 | +3.9% |
| Gross operating margin | 9900 | €134,762 | €212,812 | +€78,050 | +57.9% |
| Operating profit (loss) | 9901 | €113,648 | €191,677 | +€78,030 | +68.7% |
| Financial income | 75/76B | €8 | €46 | +€38 | +448.8% |
| Recurring financial income | 75 | €8 | €46 | +€38 | +448.8% |
| Financial charges | 65/66B | €1,854 | €1,448 | -€407 | -21.9% |
| Recurring financial charges | 65 | €1,854 | €1,448 | -€407 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €111,802 | €190,276 | +€78,474 | +70.2% |
| Income taxes | 67/77 | €32,796 | €59,862 | +€27,065 | +82.5% |
| Profit (loss) for the period | 9904 | €79,005 | €130,414 | +€51,409 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,005 | €130,414 | +€51,409 | +65.1% |
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 9 October 2026 via checked.be.