ORTHOPS: 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.
ORTHOPS
Largest movements
- Current investments +€105,179
up €105,179 (+16,663%), from €631 to €105,810
- Tangible fixed assets -€42,187
down €42,187 (-30.8%), from €137,055 to €94,868
of which Plant, machinery and equipment: -€23,129
- Cash +€27,034
up €27,034 (+221%), from €12,229 to €39,263
mainly Net result for the year (+€93,437) and Depreciation (+€42,187)
- Receivables within one year +€13,253
up €13,253 (+665,980%), from €2 to €13,255
- Deferred charges and accrued income -€11,833
down €11,833 (-53.7%), from €22,015 to €10,182
- Profit (loss) carried forward +€93,437
up €93,437 (+87.5%), from -€106,765 to -€13,329
- Debts after one year -€25,790
down €25,790 (-15.2%), from €169,930 to €144,140
- Accrued charges and deferred income +€22,749
up €22,749 (+23,811%), from €96 to €22,845
- Tax, wage and social debts -€6,206
down €6,206 (-19.1%), from €32,483 to €26,277
of which Remuneration and social security: -€6,036
- Gross operating margin +€92,614
up €92,614 (+34.4%), from €269,395 to €362,009
- Depreciation -€34,604
down €34,604 (-45.1%), from €76,791 to €42,187
- Staff costs -€16,528
down €16,528 (-7.3%), from €227,229 to €210,701
- Taxes +€6,244
up €6,244 (+1,599%), from €391 to €6,635
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 | €204,635 | €291,892 | +€87,257 | +42.6% |
| Fixed assets | 21/28 | €137,055 | €94,868 | -€42,187 | -30.8% |
| Tangible fixed assets | 22/27 | €137,055 | €94,868 | -€42,187 | -30.8% |
| Plant, machinery and equipment | 23 | €34,627 | €11,498 | -€23,129 | -66.8% |
| Furniture and vehicles | 24 | €404 | €59 | -€345 | -85.5% |
| Other tangible fixed assets | 26 | €102,025 | €83,312 | -€18,713 | -18.3% |
| Current assets | 29/58 | €67,579 | €197,024 | +€129,445 | +192% |
| Stocks and contracts in progress | 3 | €32,702 | €28,514 | -€4,188 | -12.8% |
| Stocks | 30/36 | €32,702 | €28,514 | -€4,188 | -12.8% |
| Amounts receivable within one year | 40/41 | €2 | €13,255 | +€13,253 | +665,980% |
| Other amounts receivable | 41 | €2 | €13,255 | +€13,253 | +665,980% |
| Current investments | 50/53 | €631 | €105,810 | +€105,179 | +16,663% |
| Cash at bank and in hand | 54/58 | €12,229 | €39,263 | +€27,034 | +221% |
| Deferred charges and accrued income | 490/1 | €22,015 | €10,182 | -€11,833 | -53.7% |
| Total equity and liabilities | 10/49 | €204,635 | €291,892 | +€87,257 | +42.6% |
| Equity | 10/15 | -€31,145 | €62,292 | +€93,437 | |
| Reserves | 13 | €75,621 | €75,621 | = | 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 | €73,761 | €73,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,765 | -€13,329 | +€93,437 | +87.5% |
| Amounts payable | 17/49 | €235,779 | €229,600 | -€6,179 | -2.6% |
| Amounts payable after more than one year | 17 | €169,930 | €144,140 | -€25,790 | -15.2% |
| Financial debts | 170/4 | €169,930 | €144,140 | -€25,790 | -15.2% |
| Amounts payable within one year | 42/48 | €65,753 | €62,615 | -€3,139 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €25,282 | €25,790 | +€508 | +2.0% |
| Trade debts | 44 | €7,707 | €10,074 | +€2,367 | +30.7% |
| Suppliers | 440/4 | €7,707 | €10,074 | +€2,367 | +30.7% |
| Taxes, remuneration and social security | 45 | €32,483 | €26,277 | -€6,206 | -19.1% |
| Taxes | 450/3 | €170 | - | -€170 | |
| Remuneration and social security | 454/9 | €32,313 | €26,277 | -€6,036 | -18.7% |
| Other amounts payable | 47/48 | €281 | €474 | +€193 | +68.5% |
| Accrued charges and deferred income | 492/3 | €96 | €22,845 | +€22,749 | +23,811% |
| Remuneration, social security and pensions | 62 | €227,229 | €210,701 | -€16,528 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,791 | €42,187 | -€34,604 | -45.1% |
| Other operating charges | 640/8 | €1,304 | €1,428 | +€124 | +9.5% |
| Gross operating margin | 9900 | €269,395 | €362,009 | +€92,614 | +34.4% |
| Operating profit (loss) | 9901 | -€35,930 | €107,692 | +€143,622 | |
| Financial income | 75/76B | €249 | €256 | +€6 | +2.5% |
| Recurring financial income | 75 | €249 | €256 | +€6 | +2.5% |
| Financial charges | 65/66B | €8,397 | €7,877 | -€520 | -6.2% |
| Recurring financial charges | 65 | €8,397 | €7,877 | -€520 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,077 | €100,071 | +€144,148 | |
| Income taxes | 67/77 | €391 | €6,635 | +€6,244 | +1,599% |
| Profit (loss) for the period | 9904 | -€44,468 | €93,437 | +€137,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,468 | €93,437 | +€137,904 |
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 14 October 2026 via checked.be.