ORTHOPON: 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.
ORTHOPON
Largest movements
- Cash +€238,143
up €238,143 (+1,057%), from €22,535 to €260,679
mainly Debts after one year (+€440,685) and Net result for the year (+€202,500)
- Receivables after one year -€162,200
no longer reported in 2025 (was €162,200)
- Debts after one year +€440,685
up €440,685 (+113%), from €389,315 to €830,000
of which Other amounts payable: +€450,000
- Reserves -€282,036
down €282,036 (-19.9%), from €1.4m to €1.1m
of which Distributable reserves: -€279,047
- Tax, wage and social debts -€73,119
down €73,119 (-70.6%), from €103,578 to €30,458
of which Taxes: -€78,720
- Current portion of long-term debt -€24,973
down €24,973 (-68.2%), from €36,612 to €11,639
- Gross operating margin -€95,290
down €95,290 (-17.3%), from €550,993 to €455,703
- Taxes -€53,515
down €53,515 (-34.8%), from €153,601 to €100,087
- Staff costs +€29,208
new in 2025: €29,208
- Financial charges +€16,683
up €16,683 (+81.3%), from €20,528 to €37,210
- Depreciation +€7,459
up €7,459 (+9.3%), from €80,110 to €87,570
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 | €2,313,847 | €2,401,915 | +€88,068 | +3.8% |
| Fixed assets | 21/28 | €2,069,037 | €2,092,868 | +€23,830 | +1.2% |
| Tangible fixed assets | 22/27 | €2,069,037 | €2,092,868 | +€23,830 | +1.2% |
| Land and buildings | 22 | €2,057,158 | €2,021,880 | -€35,278 | -1.7% |
| Plant, machinery and equipment | 23 | - | €3,323 | +€3,323 | |
| Furniture and vehicles | 24 | €11,879 | €67,665 | +€55,786 | +470% |
| Current assets | 29/58 | €244,810 | €309,047 | +€64,238 | +26.2% |
| Amounts receivable after more than one year | 29 | €162,200 | - | -€162,200 | |
| Other amounts receivable | 291 | €162,200 | - | -€162,200 | |
| Amounts receivable within one year | 40/41 | €51,548 | €46,949 | -€4,599 | -8.9% |
| Trade receivables | 40 | €51,548 | €46,949 | -€4,599 | -8.9% |
| Cash at bank and in hand | 54/58 | €22,535 | €260,679 | +€238,143 | +1,057% |
| Deferred charges and accrued income | 490/1 | €8,526 | €1,420 | -€7,106 | -83.3% |
| Total equity and liabilities | 10/49 | €2,313,847 | €2,401,915 | +€88,068 | +3.8% |
| Equity | 10/15 | €1,713,677 | €1,431,641 | -€282,036 | -16.5% |
| Contributions | 10/11 | €297,000 | €297,000 | = | 0.0% |
| Reserves | 13 | €1,416,677 | €1,134,641 | -€282,036 | -19.9% |
| Tax-exempt reserves | 132 | €110,771 | €107,782 | -€2,989 | -2.7% |
| Distributable reserves | 133 | €1,305,907 | €1,026,860 | -€279,047 | -21.4% |
| Provisions and deferred taxes | 16 | €29,681 | €28,685 | -€996 | -3.4% |
| Deferred taxes | 168 | €29,681 | €28,685 | -€996 | -3.4% |
| Amounts payable | 17/49 | €570,489 | €941,589 | +€371,100 | +65.0% |
| Amounts payable after more than one year | 17 | €389,315 | €830,000 | +€440,685 | +113% |
| Financial debts | 170/4 | €9,315 | - | -€9,315 | |
| Other amounts payable | 178/9 | €380,000 | €830,000 | +€450,000 | +118% |
| Amounts payable within one year | 42/48 | €159,365 | €75,497 | -€83,868 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €36,612 | €11,639 | -€24,973 | -68.2% |
| Trade debts | 44 | €4,987 | €21,184 | +€16,197 | +325% |
| Suppliers | 440/4 | €4,987 | €21,184 | +€16,197 | +325% |
| Taxes, remuneration and social security | 45 | €103,578 | €30,458 | -€73,119 | -70.6% |
| Taxes | 450/3 | €103,578 | €24,858 | -€78,720 | -76.0% |
| Remuneration and social security | 454/9 | - | €5,600 | +€5,600 | |
| Other amounts payable | 47/48 | €14,188 | €12,216 | -€1,972 | -13.9% |
| Accrued charges and deferred income | 492/3 | €21,809 | €36,092 | +€14,283 | +65.5% |
| Remuneration, social security and pensions | 62 | - | €29,208 | +€29,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,110 | €87,570 | +€7,459 | +9.3% |
| Other operating charges | 640/8 | €2,060 | €1,705 | -€356 | -17.3% |
| Gross operating margin | 9900 | €550,993 | €455,703 | -€95,290 | -17.3% |
| Operating profit (loss) | 9901 | €468,822 | €337,220 | -€131,602 | -28.1% |
| Financial income | 75/76B | €4,958 | €1,581 | -€3,377 | -68.1% |
| Recurring financial income | 75 | €4,958 | €1,581 | -€3,377 | -68.1% |
| Financial charges | 65/66B | €20,528 | €37,210 | +€16,683 | +81.3% |
| Recurring financial charges | 65 | €20,528 | €37,210 | +€16,683 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €453,252 | €301,591 | -€151,661 | -33.5% |
| Transfer from deferred taxes | 780 | €996 | €996 | = | 0.0% |
| Income taxes | 67/77 | €153,601 | €100,087 | -€53,515 | -34.8% |
| Profit (loss) for the period | 9904 | €300,647 | €202,500 | -€98,147 | -32.6% |
| Transfer from tax-exempt reserves | 789 | €2,989 | €2,989 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €303,636 | €205,489 | -€98,147 | -32.3% |
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 16 October 2026 via checked.be.