ORTHOPEX: 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.
ORTHOPEX
Largest movements
- Receivables within one year -€67,920
down €67,920 (-46.2%), from €146,921 to €79,001
of which Trade receivables: -€39,100
- Current investments +€46,553
up €46,553 (+66.5%), from €70,028 to €116,581
- Cash +€32,558
up €32,558 (+10.3%), from €316,844 to €349,402
mainly Receivables within one year (+€67,920) and Net result for the year (+€48,041)
- Other debts +€31,055
up €31,055 (+190.2%), from €16,329 to €47,384
- Reserves -€21,959
down €21,959 (-4.9%), from €447,160 to €425,201
- Taxes -€10,998
down €10,998 (-30.9%), from €35,608 to €24,609
- Financial income +€2,339
up €2,339 (+95.2%), from €2,458 to €4,797
- Financial charges +€2,332
up €2,332 (+1680.9%), from €139 to €2,471
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 | €534,232 | €547,526 | +€13,294 | +2.5% |
| Fixed assets | 21/28 | €439 | €157 | -€283 | -64.4% |
| Tangible fixed assets | 22/27 | €439 | €157 | -€283 | -64.4% |
| Furniture and vehicles | 24 | €439 | €157 | -€283 | -64.4% |
| Current assets | 29/58 | €533,793 | €547,370 | +€13,577 | +2.5% |
| Amounts receivable within one year | 40/41 | €146,921 | €79,001 | -€67,920 | -46.2% |
| Trade receivables | 40 | €76,828 | €37,728 | -€39,100 | -50.9% |
| Other amounts receivable | 41 | €70,093 | €41,273 | -€28,820 | -41.1% |
| Current investments | 50/53 | €70,028 | €116,581 | +€46,553 | +66.5% |
| Cash at bank and in hand | 54/58 | €316,844 | €349,402 | +€32,558 | +10.3% |
| Deferred charges and accrued income | 490/1 | - | €2,386 | +€2,386 | |
| Total equity and liabilities | 10/49 | €534,232 | €547,526 | +€13,294 | +2.5% |
| Equity | 10/15 | €475,165 | €453,205 | -€21,959 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €447,160 | €425,201 | -€21,959 | -4.9% |
| Distributable reserves | 133 | €447,160 | €425,201 | -€21,959 | -4.9% |
| Profit (loss) carried forward | 14 | €9,413 | €9,413 | = | 0.0% |
| Amounts payable | 17/49 | €59,068 | €94,321 | +€35,254 | +59.7% |
| Amounts payable within one year | 42/48 | €59,068 | €94,321 | +€35,254 | +59.7% |
| Trade debts | 44 | €37,580 | €39,895 | +€2,315 | +6.2% |
| Suppliers | 440/4 | €37,580 | €39,895 | +€2,315 | +6.2% |
| Taxes, remuneration and social security | 45 | €5,159 | €7,042 | +€1,883 | +36.5% |
| Taxes | 450/3 | €5,159 | €7,042 | +€1,883 | +36.5% |
| Other amounts payable | 47/48 | €16,329 | €47,384 | +€31,055 | +190.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €283 | = | 0.0% |
| Other operating charges | 640/8 | €894 | €1,146 | +€252 | +28.2% |
| Gross operating margin | 9900 | €72,240 | €71,754 | -€486 | -0.7% |
| Operating profit (loss) | 9901 | €71,063 | €70,324 | -€739 | -1.0% |
| Financial income | 75/76B | €2,458 | €4,797 | +€2,339 | +95.2% |
| Recurring financial income | 75 | €2,458 | €4,797 | +€2,339 | +95.2% |
| Financial charges | 65/66B | €139 | €2,471 | +€2,332 | +1680.9% |
| Recurring financial charges | 65 | €139 | €2,471 | +€2,332 | +1680.9% |
| Profit (loss) for the period before taxes | 9903 | €73,382 | €72,650 | -€732 | -1.0% |
| Income taxes | 67/77 | €35,608 | €24,609 | -€10,998 | -30.9% |
| Profit (loss) for the period | 9904 | €37,774 | €48,041 | +€10,266 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,774 | €48,041 | +€10,266 | +27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.