ORTHOS: 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.
ORTHOS
Largest movements
- Cash +€25,066
up €25,066 (+7.9%), from €315,967 to €341,033
mainly Depreciation (+€32,617) and Net result for the year (+€10,963)
- Tangible fixed assets -€12,476
down €12,476 (-4.3%), from €290,379 to €277,903
of which Furniture and vehicles: -€25,598
- Reserves +€10,000
up €10,000 (+3.4%), from €296,674 to €306,674
of which Distributable reserves: +€10,000
- Tax, wage and social debts +€9,423
up €9,423 (+200.9%), from €4,690 to €14,114
- Other debts -€7,707
down €7,707 (-12.4%), from €62,174 to €54,467
- Financial charges -€15,182
down €15,182 (-99.0%), from €15,333 to €151
of which Financial charges: -€15,182
- Gross operating margin -€8,323
down €8,323 (-13.0%), from €64,200 to €55,876
- Taxes +€4,523
up €4,523 (+92.3%), from €4,901 to €9,423
- Depreciation -€724
down €724 (-2.2%), from €33,340 to €32,617
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,122 | €623,702 | +€11,580 | +1.9% |
| Fixed assets | 21/28 | €290,389 | €277,913 | -€12,476 | -4.3% |
| Tangible fixed assets | 22/27 | €290,379 | €277,903 | -€12,476 | -4.3% |
| Land and buildings | 22 | €247,688 | €241,110 | -€6,579 | -2.7% |
| Plant, machinery and equipment | 23 | €10,500 | €0 | -€10,500 | -100.0% |
| Furniture and vehicles | 24 | €32,191 | €6,593 | -€25,598 | -79.5% |
| Other tangible fixed assets | 26 | - | €30,200 | +€30,200 | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €321,733 | €345,789 | +€24,056 | +7.5% |
| Amounts receivable within one year | 40/41 | €2,794 | €368 | -€2,426 | -86.8% |
| Trade receivables | 40 | €2,794 | €0 | -€2,794 | -100.0% |
| Other amounts receivable | 41 | €0 | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €315,967 | €341,033 | +€25,066 | +7.9% |
| Deferred charges and accrued income | 490/1 | €2,973 | €4,388 | +€1,416 | +47.6% |
| Total equity and liabilities | 10/49 | €612,122 | €623,702 | +€11,580 | +1.9% |
| Equity | 10/15 | €543,104 | €554,067 | +€10,963 | +2.0% |
| Contributions | 10/11 | €224,300 | €224,300 | = | 0.0% |
| Reserves | 13 | €296,674 | €306,674 | +€10,000 | +3.4% |
| Non-distributable reserves | 130/1 | €2,051 | €2,051 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,051 | €2,051 | = | 0.0% |
| Distributable reserves | 133 | €294,624 | €304,624 | +€10,000 | +3.4% |
| Profit (loss) carried forward | 14 | €22,129 | €23,092 | +€963 | +4.4% |
| Amounts payable | 17/49 | €69,018 | €69,635 | +€617 | +0.9% |
| Amounts payable within one year | 42/48 | €67,939 | €69,635 | +€1,696 | +2.5% |
| Trade debts | 44 | €1,074 | €1,054 | -€20 | -1.8% |
| Suppliers | 440/4 | €1,074 | €1,054 | -€20 | -1.8% |
| Taxes, remuneration and social security | 45 | €4,690 | €14,114 | +€9,423 | +200.9% |
| Taxes | 450/3 | €4,690 | €14,114 | +€9,423 | +200.9% |
| Other amounts payable | 47/48 | €62,174 | €54,467 | -€7,707 | -12.4% |
| Accrued charges and deferred income | 492/3 | €1,080 | €0 | -€1,080 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,340 | €32,617 | -€724 | -2.2% |
| Other operating charges | 640/8 | €4,210 | €3,949 | -€261 | -6.2% |
| Non-recurring operating charges | 66A | €75 | €0 | -€75 | -100.0% |
| Gross operating margin | 9900 | €64,200 | €55,876 | -€8,323 | -13.0% |
| Operating profit (loss) | 9901 | €26,575 | €19,311 | -€7,264 | -27.3% |
| Financial income | 75/76B | €700 | €1,226 | +€526 | +75.1% |
| Recurring financial income | 75 | €700 | €1,226 | +€526 | +75.1% |
| Financial charges | 65/66B | €15,333 | €151 | -€15,182 | -99.0% |
| Recurring financial charges | 65 | €15,333 | €151 | -€15,182 | -99.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €11,942 | €20,386 | +€8,444 | +70.7% |
| Income taxes | 67/77 | €4,901 | €9,423 | +€4,523 | +92.3% |
| Profit (loss) for the period | 9904 | €7,042 | €10,963 | +€3,921 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,042 | €10,963 | +€3,921 | +55.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.