ORTHOPHAN: 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.
ORTHOPHAN
Largest movements
- Deferred charges and accrued income -€30,471
down €30,471 (-85.0%), from €35,868 to €5,398
- Cash +€27,669
new in 2025: €27,669
mainly Deferred charges and accrued income (+€30,471) and Depreciation (+€23,786)
- Receivables within one year -€8,590
down €8,590 (-19.8%), from €43,439 to €34,848
- Tangible fixed assets +€5,199
up €5,199 (+4.3%), from €119,609 to €124,808
of which Furniture and vehicles: +€11,281
- Other debts -€19,742
no longer reported in 2025 (was €19,742)
- Trade debts -€14,117
down €14,117 (-54.5%), from €25,919 to €11,802
- Profit (loss) carried forward +€11,494
up €11,494 (+499%), from €2,302 to €13,797
- Current portion of long-term debt +€9,753
up €9,753 (+48.9%), from €19,931 to €29,684
- Tax, wage and social debts +€5,449
up €5,449 (+74.7%), from €7,291 to €12,740
of which Taxes: +€5,211
- Financial charges -€10,681
down €10,681 (-81.0%), from €13,181 to €2,500
- Gross operating margin -€5,111
down €5,111 (-5.0%), from €102,338 to €97,227
- Financial income +€1,850
new in 2025: €1,850
- Taxes -€1,195
down €1,195 (-10.1%), from €11,839 to €10,644
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 | €198,916 | €192,722 | -€6,193 | -3.1% |
| Fixed assets | 21/28 | €119,609 | €124,808 | +€5,199 | +4.3% |
| Tangible fixed assets | 22/27 | €119,609 | €124,808 | +€5,199 | +4.3% |
| Land and buildings | 22 | €18,644 | €16,224 | -€2,420 | -13.0% |
| Plant, machinery and equipment | 23 | €79,127 | €75,465 | -€3,662 | -4.6% |
| Furniture and vehicles | 24 | €21,838 | €33,118 | +€11,281 | +51.7% |
| Current assets | 29/58 | €79,307 | €67,915 | -€11,392 | -14.4% |
| Amounts receivable within one year | 40/41 | €43,439 | €34,848 | -€8,590 | -19.8% |
| Other amounts receivable | 41 | €43,439 | €34,848 | -€8,590 | -19.8% |
| Cash at bank and in hand | 54/58 | - | €27,669 | +€27,669 | |
| Deferred charges and accrued income | 490/1 | €35,868 | €5,398 | -€30,471 | -85.0% |
| Total equity and liabilities | 10/49 | €198,916 | €192,722 | -€6,193 | -3.1% |
| Equity | 10/15 | €51,300 | €62,794 | +€11,494 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,597 | €36,597 | = | 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% |
| Distributable reserves | 133 | €34,737 | €34,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,302 | €13,797 | +€11,494 | +499% |
| Amounts payable | 17/49 | €147,616 | €129,928 | -€17,688 | -12.0% |
| Amounts payable after more than one year | 17 | €72,331 | €75,702 | +€3,371 | +4.7% |
| Financial debts | 170/4 | €72,331 | €75,702 | +€3,371 | +4.7% |
| Amounts payable within one year | 42/48 | €75,285 | €54,226 | -€21,059 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €19,931 | €29,684 | +€9,753 | +48.9% |
| Financial debts | 43 | €2,403 | - | -€2,403 | |
| Credit institutions | 430/8 | €2,403 | - | -€2,403 | |
| Trade debts | 44 | €25,919 | €11,802 | -€14,117 | -54.5% |
| Suppliers | 440/4 | €25,919 | €11,802 | -€14,117 | -54.5% |
| Taxes, remuneration and social security | 45 | €7,291 | €12,740 | +€5,449 | +74.7% |
| Taxes | 450/3 | €1,039 | €6,250 | +€5,211 | +502% |
| Remuneration and social security | 454/9 | €6,252 | €6,490 | +€238 | +3.8% |
| Other amounts payable | 47/48 | €19,742 | - | -€19,742 | |
| Remuneration, social security and pensions | 62 | €50,178 | €49,885 | -€293 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,942 | €23,786 | -€156 | -0.7% |
| Other operating charges | 640/8 | €896 | €767 | -€129 | -14.4% |
| Gross operating margin | 9900 | €102,338 | €97,227 | -€5,111 | -5.0% |
| Operating profit (loss) | 9901 | €27,323 | €22,789 | -€4,534 | -16.6% |
| Financial income | 75/76B | - | €1,850 | +€1,850 | |
| Recurring financial income | 75 | - | €1,850 | +€1,850 | |
| Financial charges | 65/66B | €13,181 | €2,500 | -€10,681 | -81.0% |
| Recurring financial charges | 65 | €13,181 | €2,500 | -€10,681 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €14,142 | €22,139 | +€7,997 | +56.6% |
| Income taxes | 67/77 | €11,839 | €10,644 | -€1,195 | -10.1% |
| Profit (loss) for the period | 9904 | €2,302 | €11,494 | +€9,192 | +399% |
| Transfer from tax-exempt reserves | 789 | €20,781 | - | -€20,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,083 | €11,494 | -€11,589 | -50.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.