ORTHOPEDIC: 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.
ORTHOPEDIC
Largest movements
- Cash +€71,859
up €71,859 (+262%), from €27,474 to €99,333
mainly Short-term financial debts (+€126,450) and Depreciation (+€35,906)
- Tangible fixed assets -€26,688
down €26,688 (-15.8%), from €168,438 to €141,751
of which Plant, machinery and equipment: -€25,440
- Formation expenses +€20,281
new in 2025: €20,281
- Deferred charges and accrued income +€11,084
up €11,084 (+524%), from €2,115 to €13,199
- Intangible fixed assets +€5,718
up €5,718 (+97.5%), from €5,867 to €11,584
- Short-term financial debts +€126,450
up €126,450 (+84.3%), from €150,000 to €276,450
- Debts after one year -€26,592
down €26,592 (-62.2%), from €42,749 to €16,157
- Current portion of long-term debt -€25,283
no longer reported in 2025 (was €25,283)
- Trade debts -€16,598
down €16,598 (-62.4%), from €26,619 to €10,021
- Profit (loss) carried forward +€13,809
up €13,809 (+12.9%), from -€107,162 to -€93,352
- Other operating charges +€10,317
up €10,317 (+93.1%), from €11,082 to €21,399
- Gross operating margin +€6,809
up €6,809 (+8.5%), from €80,435 to €87,244
- Financial income +€5,755
up €5,755 (+1,619%), from €356 to €6,111
- Financial charges +€5,062
up €5,062 (+29.5%), from €17,178 to €22,240
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.
Derived cash bridge
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 | €483,855 | €557,299 | +€73,445 | +15.2% |
| Formation expenses | 20 | - | €20,281 | +€20,281 | |
| Fixed assets | 21/28 | €174,305 | €153,335 | -€20,970 | -12.0% |
| Intangible fixed assets | 21 | €5,867 | €11,584 | +€5,718 | +97.5% |
| Tangible fixed assets | 22/27 | €168,438 | €141,751 | -€26,688 | -15.8% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €85,487 | €60,047 | -€25,440 | -29.8% |
| Furniture and vehicles | 24 | €8,584 | €7,336 | -€1,248 | -14.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €309,550 | €383,684 | +€74,134 | +23.9% |
| Stocks and contracts in progress | 3 | €115,524 | €111,271 | -€4,253 | -3.7% |
| Stocks | 30/36 | €115,524 | €111,271 | -€4,253 | -3.7% |
| Amounts receivable within one year | 40/41 | €164,437 | €159,880 | -€4,557 | -2.8% |
| Trade receivables | 40 | €40,305 | €72,864 | +€32,559 | +80.8% |
| Other amounts receivable | 41 | €124,132 | €87,016 | -€37,116 | -29.9% |
| Cash at bank and in hand | 54/58 | €27,474 | €99,333 | +€71,859 | +262% |
| Deferred charges and accrued income | 490/1 | €2,115 | €13,199 | +€11,084 | +524% |
| Total equity and liabilities | 10/49 | €483,855 | €557,299 | +€73,445 | +15.2% |
| Equity | 10/15 | €77,288 | €91,098 | +€13,809 | +17.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €122,950 | €122,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €110,800 | €110,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,162 | -€93,352 | +€13,809 | +12.9% |
| Provisions and deferred taxes | 16 | €148,884 | €148,884 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €148,884 | €148,884 | = | 0.0% |
| Other liabilities and charges | 164/5 | €148,884 | €148,884 | = | 0.0% |
| Amounts payable | 17/49 | €257,682 | €317,318 | +€59,635 | +23.1% |
| Amounts payable after more than one year | 17 | €42,749 | €16,157 | -€26,592 | -62.2% |
| Financial debts | 170/4 | €42,749 | €16,157 | -€26,592 | -62.2% |
| Amounts payable within one year | 42/48 | €214,933 | €301,161 | +€86,228 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €25,283 | - | -€25,283 | |
| Financial debts | 43 | €150,000 | €276,450 | +€126,450 | +84.3% |
| Credit institutions | 430/8 | €150,000 | €276,450 | +€126,450 | +84.3% |
| Trade debts | 44 | €26,619 | €10,021 | -€16,598 | -62.4% |
| Suppliers | 440/4 | €26,619 | €10,021 | -€16,598 | -62.4% |
| Taxes, remuneration and social security | 45 | €13,031 | €14,689 | +€1,658 | +12.7% |
| Taxes | 450/3 | €13,031 | €14,689 | +€1,658 | +12.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,768 | €35,906 | +€138 | +0.4% |
| Other operating charges | 640/8 | €11,082 | €21,399 | +€10,317 | +93.1% |
| Gross operating margin | 9900 | €80,435 | €87,244 | +€6,809 | +8.5% |
| Operating profit (loss) | 9901 | €33,585 | €29,939 | -€3,647 | -10.9% |
| Financial income | 75/76B | €356 | €6,111 | +€5,755 | +1,619% |
| Recurring financial income | 75 | €356 | €6,111 | +€5,755 | +1,619% |
| Financial charges | 65/66B | €17,178 | €22,240 | +€5,062 | +29.5% |
| Recurring financial charges | 65 | €17,178 | €22,240 | +€5,062 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €16,763 | €13,809 | -€2,953 | -17.6% |
| Profit (loss) for the period | 9904 | €16,763 | €13,809 | -€2,953 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,763 | €13,809 | -€2,953 | -17.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.