ORTHOLIVE: 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.
ORTHOLIVE
Largest movements
- Tangible fixed assets +€115,471
up €115,471 (+15.8%), from €730,272 to €845,743
of which Land and buildings: +€121,462
- Cash -€55,740
down €55,740 (-97.8%), from €56,994 to €1,254
mainly Investment in fixed assets (net) (-€162,028) and Debts after one year (-€21,930)
- Receivables within one year +€13,550
up €13,550 (+89.3%), from €15,178 to €28,728
of which Trade receivables: +€24,728
- Reserves +€69,557
up €69,557 (+21.9%), from €317,679 to €387,236
- Trade debts +€26,666
up €26,666 (+660.4%), from €4,038 to €30,704
- Debts after one year -€21,930
down €21,930 (-7.1%), from €310,789 to €288,859
- Current portion of long-term debt -€15,456
down €15,456 (-24.2%), from €63,963 to €48,508
- Tax, wage and social debts +€11,643
up €11,643 (+581.1%), from €2,004 to €13,646
of which Remuneration and social security: +€6,007
- Gross operating margin +€36,656
up €36,656 (+28.8%), from €127,321 to €163,977
- Taxes +€11,814
up €11,814 (+62.8%), from €18,822 to €30,635
- Depreciation +€3,197
up €3,197 (+7.4%), from €43,360 to €46,557
- Other operating charges +€1,640
up €1,640 (+73.9%), from €2,219 to €3,859
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 | €809,366 | €883,199 | +€73,834 | +9.1% |
| Fixed assets | 21/28 | €731,792 | €847,263 | +€115,471 | +15.8% |
| Tangible fixed assets | 22/27 | €730,272 | €845,743 | +€115,471 | +15.8% |
| Land and buildings | 22 | €654,984 | €776,446 | +€121,462 | +18.5% |
| Furniture and vehicles | 24 | €11,135 | €23,760 | +€12,624 | +113.4% |
| Other tangible fixed assets | 26 | €64,153 | €45,537 | -€18,615 | -29.0% |
| Financial fixed assets | 28 | €1,520 | €1,520 | = | 0.0% |
| Current assets | 29/58 | €77,573 | €35,937 | -€41,637 | -53.7% |
| Amounts receivable within one year | 40/41 | €15,178 | €28,728 | +€13,550 | +89.3% |
| Trade receivables | 40 | €4,000 | €28,728 | +€24,728 | +618.2% |
| Other amounts receivable | 41 | €11,178 | - | -€11,178 | |
| Cash at bank and in hand | 54/58 | €56,994 | €1,254 | -€55,740 | -97.8% |
| Deferred charges and accrued income | 490/1 | €5,401 | €5,955 | +€554 | +10.3% |
| Total equity and liabilities | 10/49 | €809,366 | €883,199 | +€73,834 | +9.1% |
| Equity | 10/15 | €367,744 | €437,301 | +€69,557 | +18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €317,679 | €387,236 | +€69,557 | +21.9% |
| Distributable reserves | 133 | €317,679 | €387,236 | +€69,557 | +21.9% |
| Profit (loss) carried forward | 14 | €37,665 | €37,665 | = | 0.0% |
| Amounts payable | 17/49 | €441,621 | €445,898 | +€4,277 | +1.0% |
| Amounts payable after more than one year | 17 | €310,789 | €288,859 | -€21,930 | -7.1% |
| Financial debts | 170/4 | €310,789 | €288,859 | -€21,930 | -7.1% |
| Amounts payable within one year | 42/48 | €130,832 | €157,020 | +€26,188 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €63,963 | €48,508 | -€15,456 | -24.2% |
| Trade debts | 44 | €4,038 | €30,704 | +€26,666 | +660.4% |
| Suppliers | 440/4 | €4,038 | €30,704 | +€26,666 | +660.4% |
| Taxes, remuneration and social security | 45 | €2,004 | €13,646 | +€11,643 | +581.1% |
| Taxes | 450/3 | - | €5,635 | +€5,635 | |
| Remuneration and social security | 454/9 | €2,004 | €8,011 | +€6,007 | +299.8% |
| Other amounts payable | 47/48 | €60,827 | €64,162 | +€3,335 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,360 | €46,557 | +€3,197 | +7.4% |
| Other operating charges | 640/8 | €2,219 | €3,859 | +€1,640 | +73.9% |
| Non-recurring operating charges | 66A | €8,997 | - | -€8,997 | |
| Gross operating margin | 9900 | €127,321 | €163,977 | +€36,656 | +28.8% |
| Operating profit (loss) | 9901 | €72,745 | €113,561 | +€40,816 | +56.1% |
| Financial income | 75/76B | €271 | €0 | -€271 | -99.9% |
| Recurring financial income | 75 | €271 | €0 | -€271 | -99.9% |
| Financial charges | 65/66B | €14,579 | €13,369 | -€1,210 | -8.3% |
| Recurring financial charges | 65 | €14,579 | €13,369 | -€1,210 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €58,437 | €100,192 | +€41,755 | +71.5% |
| Income taxes | 67/77 | €18,822 | €30,635 | +€11,814 | +62.8% |
| Profit (loss) for the period | 9904 | €39,616 | €69,557 | +€29,941 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,616 | €69,557 | +€29,941 | +75.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.