ORTHOLIA: what changed
Two fiscal 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.
ORTHOLIA
Largest movements
- Cash +€143,800
up €143,800 (+42.9%), from €335,373 to €479,172
mainly Net result for the year (+€159,484) and Depreciation (+€43,547)
- Tangible fixed assets +€40,152
up €40,152 (+1318.3%), from €3,046 to €43,198
- Intangible fixed assets -€37,500
down €37,500 (-20.3%), from €184,375 to €146,875
- Deferred charges and accrued income -€25,697
down €25,697 (-13.6%), from €189,015 to €163,318
- Reserves +€159,484
up €159,484 (+25.4%), from €626,671 to €786,155
- Other debts -€28,758
down €28,758 (-10.0%), from €288,478 to €259,721
- Current portion of long-term debt -€15,370
down €15,370 (-74.7%), from €20,562 to €5,192
- Tax, wage and social debts +€14,202
up €14,202 (+125.3%), from €11,338 to €25,540
- Financial charges -€8,823
down €8,823 (-33.8%), from €26,125 to €17,302
- Gross operating margin +€8,144
up €8,144 (+2.9%), from €276,503 to €284,647
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 | €960,418 | €1,083,679 | +€123,261 | +12.8% |
| Fixed assets | 21/28 | €187,421 | €190,073 | +€2,652 | +1.4% |
| Intangible fixed assets | 21 | €184,375 | €146,875 | -€37,500 | -20.3% |
| Tangible fixed assets | 22/27 | €3,046 | €43,198 | +€40,152 | +1318.3% |
| Furniture and vehicles | 24 | €3,046 | €43,198 | +€40,152 | +1318.3% |
| Current assets | 29/58 | €772,998 | €893,606 | +€120,609 | +15.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,116 | +€1,116 | |
| Trade receivables | 40 | €0 | €1,116 | +€1,116 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €248,610 | €250,000 | +€1,390 | +0.6% |
| Cash at bank and in hand | 54/58 | €335,373 | €479,172 | +€143,800 | +42.9% |
| Deferred charges and accrued income | 490/1 | €189,015 | €163,318 | -€25,697 | -13.6% |
| Total equity and liabilities | 10/49 | €960,418 | €1,083,679 | +€123,261 | +12.8% |
| Equity | 10/15 | €631,671 | €791,155 | +€159,484 | +25.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €626,671 | €786,155 | +€159,484 | +25.4% |
| Distributable reserves | 133 | €626,671 | €786,155 | +€159,484 | +25.4% |
| Amounts payable | 17/49 | €328,747 | €292,524 | -€36,224 | -11.0% |
| Amounts payable after more than one year | 17 | €5,192 | €0 | -€5,192 | -100.0% |
| Financial debts | 170/4 | €5,192 | €0 | -€5,192 | -100.0% |
| Amounts payable within one year | 42/48 | €321,819 | €290,788 | -€31,031 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €20,562 | €5,192 | -€15,370 | -74.7% |
| Trade debts | 44 | €1,440 | €335 | -€1,105 | -76.7% |
| Suppliers | 440/4 | €1,440 | €335 | -€1,105 | -76.7% |
| Taxes, remuneration and social security | 45 | €11,338 | €25,540 | +€14,202 | +125.3% |
| Taxes | 450/3 | €11,338 | €25,540 | +€14,202 | +125.3% |
| Other amounts payable | 47/48 | €288,478 | €259,721 | -€28,758 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,737 | €1,736 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,349 | €43,547 | +€2,199 | +5.3% |
| Other operating charges | 640/8 | €1,644 | €2,746 | +€1,102 | +67.0% |
| Gross operating margin | 9900 | €276,503 | €284,647 | +€8,144 | +2.9% |
| Operating profit (loss) | 9901 | €233,510 | €238,354 | +€4,844 | +2.1% |
| Financial income | 75/76B | €6,680 | €6,127 | -€553 | -8.3% |
| Recurring financial income | 75 | €6,680 | €6,127 | -€553 | -8.3% |
| Financial charges | 65/66B | €26,125 | €17,302 | -€8,823 | -33.8% |
| Recurring financial charges | 65 | €26,125 | €17,302 | -€8,823 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €214,064 | €227,179 | +€13,114 | +6.1% |
| Income taxes | 67/77 | €65,022 | €67,694 | +€2,673 | +4.1% |
| Profit (loss) for the period | 9904 | €149,042 | €159,484 | +€10,442 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,042 | €159,484 | +€10,442 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.