ORTHOPEDIE FAES: what changed
ORTHOPEDIE FAES
Largest movements
- Stocks and contracts -€17,260
down €17,260 (-28.8%), from €59,848 to €42,588
of which Contracts in progress: -€11,111
- Receivables within one year +€8,368
up €8,368 (+44.2%), from €18,918 to €27,286
of which Trade receivables: +€8,375
- Cash -€6,378
down €6,378 (-65.3%), from €9,772 to €3,395
mainly Other debts (-€13,583) and Receivables within one year (-€8,368)
- Deferred charges and accrued income +€4,500
up €4,500 (+206%), from €2,188 to €6,687
- Tangible fixed assets -€1,463
down €1,463 (-15.3%), from €9,568 to €8,105
of which Plant, machinery and equipment: -€984
- Accrued charges and deferred income +€13,632
up €13,632 (+312%), from €4,368 to €18,000
- Other debts -€13,583
down €13,583 (-25.3%), from €53,668 to €40,086
- Profit (loss) carried forward -€4,138
down €4,138 (-34.0%), from -€12,161 to -€16,298
- Trade debts -€3,064
down €3,064 (-17.1%), from €17,947 to €14,883
- Debts after one year -€2,580
down €2,580 (-53.2%), from €4,847 to €2,267
- Staff costs +€2,100
up €2,100 (+3.5%), from €60,566 to €62,667
- Gross operating margin +€1,695
up €1,695 (+2.7%), from €62,156 to €63,851
- Other operating charges -€1,684
down €1,684 (-30.2%), from €5,574 to €3,890
- Depreciation -€754
down €754 (-34.0%), from €2,217 to €1,463
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 | €105,891 | €93,658 | -€12,233 | -11.6% |
| Fixed assets | 21/28 | €15,165 | €13,702 | -€1,463 | -9.6% |
| Tangible fixed assets | 22/27 | €9,568 | €8,105 | -€1,463 | -15.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,951 | €967 | -€984 | -50.4% |
| Furniture and vehicles | 24 | €60 | €0 | -€60 | -100% |
| Other tangible fixed assets | 26 | €7,557 | €7,138 | -€420 | -5.6% |
| Financial fixed assets | 28 | €5,597 | €5,597 | = | 0.0% |
| Current assets | 29/58 | €90,726 | €79,956 | -€10,770 | -11.9% |
| Stocks and contracts in progress | 3 | €59,848 | €42,588 | -€17,260 | -28.8% |
| Stocks | 30/36 | €33,326 | €27,178 | -€6,149 | -18.4% |
| Contracts in progress | 37 | €26,522 | €15,411 | -€11,111 | -41.9% |
| Amounts receivable within one year | 40/41 | €18,918 | €27,286 | +€8,368 | +44.2% |
| Trade receivables | 40 | €18,908 | €27,282 | +€8,375 | +44.3% |
| Other amounts receivable | 41 | €11 | €3 | -€7 | -68.0% |
| Cash at bank and in hand | 54/58 | €9,772 | €3,395 | -€6,378 | -65.3% |
| Deferred charges and accrued income | 490/1 | €2,188 | €6,687 | +€4,500 | +206% |
| Total equity and liabilities | 10/49 | €105,891 | €93,658 | -€12,233 | -11.6% |
| Equity | 10/15 | €8,299 | €2,302 | -€5,998 | -72.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | -€12,161 | -€16,298 | -€4,138 | -34.0% |
| Amounts payable | 17/49 | €97,592 | €91,356 | -€6,236 | -6.4% |
| Amounts payable after more than one year | 17 | €4,847 | €2,267 | -€2,580 | -53.2% |
| Financial debts | 170/4 | €4,847 | €2,267 | -€2,580 | -53.2% |
| Amounts payable within one year | 42/48 | €88,376 | €71,089 | -€17,287 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €2,435 | €2,580 | +€145 | +6.0% |
| Trade debts | 44 | €17,947 | €14,883 | -€3,064 | -17.1% |
| Suppliers | 440/4 | €17,947 | €14,883 | -€3,064 | -17.1% |
| Taxes, remuneration and social security | 45 | €14,325 | €13,540 | -€785 | -5.5% |
| Taxes | 450/3 | €6,102 | €4,991 | -€1,111 | -18.2% |
| Remuneration and social security | 454/9 | €8,223 | €8,549 | +€326 | +4.0% |
| Other amounts payable | 47/48 | €53,668 | €40,086 | -€13,583 | -25.3% |
| Accrued charges and deferred income | 492/3 | €4,368 | €18,000 | +€13,632 | +312% |
| Remuneration, social security and pensions | 62 | €60,566 | €62,667 | +€2,100 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | €1,463 | -€754 | -34.0% |
| Other operating charges | 640/8 | €5,574 | €3,890 | -€1,684 | -30.2% |
| Gross operating margin | 9900 | €62,156 | €63,851 | +€1,695 | +2.7% |
| Operating profit (loss) | 9901 | -€6,200 | -€4,169 | +€2,032 | +32.8% |
| Financial income | 75/76B | €384 | €4 | -€380 | -99.0% |
| Recurring financial income | 75 | €384 | €4 | -€380 | -99.0% |
| Financial charges | 65/66B | €1,423 | €1,191 | -€232 | -16.3% |
| Recurring financial charges | 65 | €1,423 | €1,191 | -€232 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,240 | -€5,356 | +€1,884 | +26.0% |
| Income taxes | 67/77 | €528 | €642 | +€114 | +21.5% |
| Profit (loss) for the period | 9904 | -€7,768 | -€5,998 | +€1,771 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,768 | -€5,998 | +€1,771 | +22.8% |
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 7 November 2026 via checked.be.