Orthopedic Services: 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 Services
Largest movements
- Receivables within one year +€8,564
up €8,564 (+42.3%), from €20,256 to €28,820
of which Other amounts receivable: +€11,080
- Cash -€1,328
down €1,328 (-5.8%), from €22,822 to €21,494
mainly Receivables within one year (-€8,564) and Investment in fixed assets (net) (-€1,280)
- Tangible fixed assets +€1,224
new in 2025: €1,224
- Reserves +€4,519
up €4,519 (+15.7%), from €28,795 to €33,315
- Tax, wage and social debts +€3,371
up €3,371 (+34.3%), from €9,834 to €13,205
- Gross operating margin -€29,180
down €29,180 (-73.3%), from €39,799 to €10,619
- Taxes -€5,875
down €5,875 (-66.6%), from €8,817 to €2,941
- Other operating charges +€1,109
up €1,109 (+74.3%), from €1,492 to €2,601
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 | €44,077 | €52,165 | +€8,089 | +18.4% |
| Fixed assets | 21/28 | €300 | €1,524 | +€1,224 | +408% |
| Tangible fixed assets | 22/27 | - | €1,224 | +€1,224 | |
| Furniture and vehicles | 24 | - | €1,224 | +€1,224 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €43,777 | €50,641 | +€6,865 | +15.7% |
| Amounts receivable within one year | 40/41 | €20,256 | €28,820 | +€8,564 | +42.3% |
| Trade receivables | 40 | €4,980 | €2,464 | -€2,516 | -50.5% |
| Other amounts receivable | 41 | €15,275 | €26,355 | +€11,080 | +72.5% |
| Cash at bank and in hand | 54/58 | €22,822 | €21,494 | -€1,328 | -5.8% |
| Deferred charges and accrued income | 490/1 | €699 | €328 | -€371 | -53.1% |
| Total equity and liabilities | 10/49 | €44,077 | €52,165 | +€8,089 | +18.4% |
| Equity | 10/15 | €31,795 | €36,315 | +€4,519 | +14.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,795 | €33,315 | +€4,519 | +15.7% |
| Distributable reserves | 133 | €28,795 | €33,315 | +€4,519 | +15.7% |
| Amounts payable | 17/49 | €12,281 | €15,850 | +€3,569 | +29.1% |
| Amounts payable within one year | 42/48 | €12,281 | €15,850 | +€3,569 | +29.1% |
| Trade debts | 44 | €2,447 | €2,645 | +€199 | +8.1% |
| Suppliers | 440/4 | €2,447 | €2,645 | +€199 | +8.1% |
| Taxes, remuneration and social security | 45 | €9,834 | €13,205 | +€3,371 | +34.3% |
| Taxes | 450/3 | €9,834 | €13,205 | +€3,371 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €56 | +€56 | |
| Other operating charges | 640/8 | €1,492 | €2,601 | +€1,109 | +74.3% |
| Gross operating margin | 9900 | €39,799 | €10,619 | -€29,180 | -73.3% |
| Operating profit (loss) | 9901 | €38,307 | €7,962 | -€30,345 | -79.2% |
| Financial income | 75/76B | €27 | €51 | +€25 | +92.0% |
| Recurring financial income | 75 | €27 | €51 | +€25 | +92.0% |
| Financial charges | 65/66B | €722 | €552 | -€169 | -23.5% |
| Recurring financial charges | 65 | €722 | €552 | -€169 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €37,612 | €7,461 | -€30,151 | -80.2% |
| Income taxes | 67/77 | €8,817 | €2,941 | -€5,875 | -66.6% |
| Profit (loss) for the period | 9904 | €28,795 | €4,519 | -€24,276 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,795 | €4,519 | -€24,276 | -84.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.