ORTHOLIB: 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.
ORTHOLIB
Largest movements
- Cash +€95,882
up €95,882 (+146.8%), from €65,315 to €161,197
mainly Net result for the year (+€210,462) and Depreciation (+€7,366)
- Deferred charges and accrued income +€44,435
up €44,435 (+98.9%), from €44,917 to €89,351
- Current investments +€38,040
up €38,040 (+100.1%), from €38,000 to €76,040
- Financial fixed assets +€22,480
up €22,480 (+5620.0%), from €400 to €22,880
- Receivables after one year +€19,375
new in 2025: €19,375
- Reserves +€210,462
up €210,462 (+133.3%), from €157,881 to €368,343
- Tax, wage and social debts +€5,289
up €5,289 (+256.0%), from €2,067 to €7,356
- Gross operating margin +€120,251
up €120,251 (+73.6%), from €163,326 to €283,577
- Taxes +€30,066
up €30,066 (+85.5%), from €35,145 to €65,211
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 | €166,990 | €380,203 | +€213,213 | +127.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €17,499 | €34,239 | +€16,740 | +95.7% |
| Tangible fixed assets | 22/27 | €17,099 | €11,359 | -€5,740 | -33.6% |
| Plant, machinery and equipment | 23 | €1,987 | €1,744 | -€243 | -12.2% |
| Furniture and vehicles | 24 | €15,112 | €9,615 | -€5,497 | -36.4% |
| Financial fixed assets | 28 | €400 | €22,880 | +€22,480 | +5620.0% |
| Current assets | 29/58 | €149,491 | €345,964 | +€196,473 | +131.4% |
| Amounts receivable after more than one year | 29 | - | €19,375 | +€19,375 | |
| Trade receivables | 290 | - | €19,375 | +€19,375 | |
| Amounts receivable within one year | 40/41 | €1,259 | €0 | -€1,259 | -100.0% |
| Trade receivables | 40 | €1,259 | €0 | -€1,259 | -100.0% |
| Current investments | 50/53 | €38,000 | €76,040 | +€38,040 | +100.1% |
| Cash at bank and in hand | 54/58 | €65,315 | €161,197 | +€95,882 | +146.8% |
| Deferred charges and accrued income | 490/1 | €44,917 | €89,351 | +€44,435 | +98.9% |
| Total equity and liabilities | 10/49 | €166,990 | €380,203 | +€213,213 | +127.7% |
| Equity | 10/15 | €160,881 | €371,343 | +€210,462 | +130.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €157,881 | €368,343 | +€210,462 | +133.3% |
| Distributable reserves | 133 | €157,881 | €368,343 | +€210,462 | +133.3% |
| Amounts payable | 17/49 | €6,109 | €8,860 | +€2,751 | +45.0% |
| Amounts payable within one year | 42/48 | €6,109 | €8,860 | +€2,751 | +45.0% |
| Trade debts | 44 | €2,022 | €1,459 | -€563 | -27.8% |
| Suppliers | 440/4 | €2,022 | €1,459 | -€563 | -27.8% |
| Taxes, remuneration and social security | 45 | €2,067 | €7,356 | +€5,289 | +256.0% |
| Taxes | 450/3 | €2,067 | €7,356 | +€5,289 | +256.0% |
| Other amounts payable | 47/48 | €2,020 | €45 | -€1,975 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,409 | €7,366 | -€43 | -0.6% |
| Other operating charges | 640/8 | €338 | €274 | -€63 | -18.8% |
| Gross operating margin | 9900 | €163,326 | €283,577 | +€120,251 | +73.6% |
| Operating profit (loss) | 9901 | €155,579 | €275,936 | +€120,357 | +77.4% |
| Financial income | 75/76B | €5 | €79 | +€74 | +1386.9% |
| Recurring financial income | 75 | €5 | €79 | +€74 | +1386.9% |
| Financial charges | 65/66B | €109 | €342 | +€233 | +212.5% |
| Recurring financial charges | 65 | €109 | €342 | +€233 | +212.5% |
| Profit (loss) for the period before taxes | 9903 | €155,475 | €275,673 | +€120,198 | +77.3% |
| Income taxes | 67/77 | €35,145 | €65,211 | +€30,066 | +85.5% |
| Profit (loss) for the period | 9904 | €120,330 | €210,462 | +€90,133 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,330 | €210,462 | +€90,133 | +74.9% |
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 5 October 2026 via checked.be.