Orthopædia: what changed
Orthopædia
Largest movements
- Receivables within one year -€31,534
down €31,534 (-36.7%), from €85,951 to €54,417
of which Trade receivables: -€35,358
- Cash +€3,726
up €3,726 (+38.9%), from €9,579 to €13,305
mainly Receivables within one year (+€31,534) and Other debts (+€3,689)
- Trade debts -€13,467
no longer reported in 2025 (was €13,467)
- Tax, wage and social debts -€10,000
down €10,000 (-83.3%), from €12,000 to €2,000
of which Taxes: -€10,000
- Profit (loss) carried forward -€6,870
down €6,870 (-22.4%), from €30,663 to €23,793
- Other debts +€3,689
up €3,689 (+7.0%), from €52,717 to €56,406
- Current portion of long-term debt -€3,459
no longer reported in 2025 (was €3,459)
- Gross operating margin -€16,601
down €16,601, from €12,637 to -€3,964
- Taxes -€2,824
down €2,824 (-88.0%), from €3,210 to €386
- Other operating charges -€520
down €520 (-53.9%), from €965 to €445
- Financial charges +€458
up €458 (+71.2%), from €643 to €1,101
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 | €132,767 | €102,659 | -€30,108 | -22.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €33,437 | €32,459 | -€978 | -2.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,130 | €1,153 | -€977 | -45.9% |
| Furniture and vehicles | 24 | €2,130 | €1,153 | -€977 | -45.9% |
| Financial fixed assets | 28 | €31,306 | €31,306 | -€0 | 0.0% |
| Current assets | 29/58 | €99,330 | €70,200 | -€29,130 | -29.3% |
| Amounts receivable within one year | 40/41 | €85,951 | €54,417 | -€31,534 | -36.7% |
| Trade receivables | 40 | €71,775 | €36,417 | -€35,358 | -49.3% |
| Other amounts receivable | 41 | €14,176 | €18,000 | +€3,824 | +27.0% |
| Cash at bank and in hand | 54/58 | €9,579 | €13,305 | +€3,726 | +38.9% |
| Deferred charges and accrued income | 490/1 | €3,801 | €2,478 | -€1,323 | -34.8% |
| Total equity and liabilities | 10/49 | €132,767 | €102,659 | -€30,108 | -22.7% |
| Equity | 10/15 | €51,123 | €44,253 | -€6,870 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €30,663 | €23,793 | -€6,870 | -22.4% |
| Amounts payable | 17/49 | €81,644 | €58,406 | -€23,238 | -28.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €81,644 | €58,406 | -€23,238 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €3,459 | - | -€3,459 | |
| Trade debts | 44 | €13,467 | - | -€13,467 | |
| Suppliers | 440/4 | €13,467 | - | -€13,467 | |
| Taxes, remuneration and social security | 45 | €12,000 | €2,000 | -€10,000 | -83.3% |
| Taxes | 450/3 | €12,000 | €2,000 | -€10,000 | -83.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,717 | €56,406 | +€3,689 | +7.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | €978 | -€111 | -10.2% |
| Other operating charges | 640/8 | €965 | €445 | -€520 | -53.9% |
| Gross operating margin | 9900 | €12,637 | -€3,964 | -€16,601 | |
| Operating profit (loss) | 9901 | €10,583 | -€5,387 | -€15,970 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €643 | €1,101 | +€458 | +71.2% |
| Recurring financial charges | 65 | €643 | €1,101 | +€458 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €9,940 | -€6,484 | -€16,424 | |
| Income taxes | 67/77 | €3,210 | €386 | -€2,824 | -88.0% |
| Profit (loss) for the period | 9904 | €6,730 | -€6,870 | -€13,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,730 | -€6,870 | -€13,600 |
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 3 November 2026 via checked.be.