ORTHOS: 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.
What changed
ORTHOS
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€207,955
2024 · €170,707+€37,248
Equity
€992,345
2024 · €808,389+€183,955
Cash
€203,715
2024 · €215,135-€11,420
Balance sheet total
€1.2m
2024 · €1.0m+€160,152
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€22,438
down €22,438 (-6.4%), from €349,879 to €327,441
of which Land and buildings: -€20,578
- Receivables after one year -€18,120
down €18,120 (-4.3%), from €426,077 to €407,957
Equity and liabilities
- Reserves +€183,955
up €183,955 (+22.9%), from €802,189 to €986,145
- Debts after one year -€18,333
down €18,333 (-14.0%), from €131,389 to €113,055
Income statement
- Gross operating margin +€39,534
up €39,534 (+10.1%), from €392,069 to €431,604
- Taxes +€11,524
up €11,524 (+21.4%), from €53,809 to €65,333
- Depreciation -€5,797
down €5,797 (-13.0%), from €44,696 to €38,899
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.
Result 2024
€170,707
Gross operating margin
+€39,534
Staff costs
-€784
Depreciation
+€5,797
Other operating charges
+€115
Financial income
+€3,475
Financial charges
+€634
Taxes
-€11,524
Result 2025
€207,955
raises the resultlowers the result
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.
From operations
+€247,374
Investment
-€216,461
Financing
-€42,333
Cash 2024
€215,135
From operations (derived)
+€247,374
Net result for the year
+€207,955
Depreciation
+€38,899
Receivables after one year
+€18,120
Receivables within one year
-€8,948
Deferred charges and accrued income
-€3,182
Trade debts
+€4,267
Tax, wage and social debts
-€3,262
Other debts
-€6,476
Accrued charges and deferred income
+€1
Investment (derived)
-€216,461
Investment in fixed assets (net)
-€16,461
Current investments
-€200,000
Financing
-€42,333
Debts after one year
-€18,333
Contributions, distributions and other
-€24,000
Cash 2025
€203,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,005,831 | €1,165,982 | +€160,152 | +15.9% |
| Fixed assets | 21/28 | €349,879 | €327,441 | -€22,438 | -6.4% |
| Tangible fixed assets | 22/27 | €349,879 | €327,441 | -€22,438 | -6.4% |
| Land and buildings | 22 | €299,140 | €278,562 | -€20,578 | -6.9% |
| Plant, machinery and equipment | 23 | €49,126 | €35,306 | -€13,820 | -28.1% |
| Furniture and vehicles | 24 | €473 | €12,434 | +€11,961 | +2,530% |
| Other tangible fixed assets | 26 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €655,952 | €838,541 | +€182,589 | +27.8% |
| Amounts receivable after more than one year | 29 | €426,077 | €407,957 | -€18,120 | -4.3% |
| Other amounts receivable | 291 | €426,077 | €407,957 | -€18,120 | -4.3% |
| Amounts receivable within one year | 40/41 | €14,740 | €23,688 | +€8,948 | +60.7% |
| Other amounts receivable | 41 | €14,740 | €23,688 | +€8,948 | +60.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €215,135 | €203,715 | -€11,420 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €3,182 | +€3,182 | |
| Total equity and liabilities | 10/49 | €1,005,831 | €1,165,982 | +€160,152 | +15.9% |
| Equity | 10/15 | €808,389 | €992,345 | +€183,955 | +22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €802,189 | €986,145 | +€183,955 | +22.9% |
| Distributable reserves | 133 | €802,189 | €986,145 | +€183,955 | +22.9% |
| Amounts payable | 17/49 | €197,441 | €173,638 | -€23,804 | -12.1% |
| Amounts payable after more than one year | 17 | €131,389 | €113,055 | -€18,333 | -14.0% |
| Financial debts | 170/4 | €131,389 | €113,055 | -€18,333 | -14.0% |
| Amounts payable within one year | 42/48 | €61,987 | €56,515 | -€5,472 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €18,333 | €18,333 | = | 0.0% |
| Trade debts | 44 | €9,641 | €13,908 | +€4,267 | +44.3% |
| Suppliers | 440/4 | €9,641 | €13,908 | +€4,267 | +44.3% |
| Taxes, remuneration and social security | 45 | €27,536 | €24,274 | -€3,262 | -11.8% |
| Taxes | 450/3 | €13,157 | €15,029 | +€1,871 | +14.2% |
| Remuneration and social security | 454/9 | €14,379 | €9,246 | -€5,133 | -35.7% |
| Other amounts payable | 47/48 | €6,476 | - | -€6,476 | |
| Accrued charges and deferred income | 492/3 | €4,066 | €4,067 | +€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €121,088 | €121,872 | +€784 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,696 | €38,899 | -€5,797 | -13.0% |
| Other operating charges | 640/8 | €2,698 | €2,583 | -€115 | -4.3% |
| Gross operating margin | 9900 | €392,069 | €431,604 | +€39,534 | +10.1% |
| Operating profit (loss) | 9901 | €223,587 | €268,250 | +€44,663 | +20.0% |
| Financial income | 75/76B | €4,306 | €7,781 | +€3,475 | +80.7% |
| Recurring financial income | 75 | €4,306 | €7,781 | +€3,475 | +80.7% |
| Financial charges | 65/66B | €3,377 | €2,743 | -€634 | -18.8% |
| Recurring financial charges | 65 | €3,377 | €2,743 | -€634 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €224,516 | €273,288 | +€48,772 | +21.7% |
| Income taxes | 67/77 | €53,809 | €65,333 | +€11,524 | +21.4% |
| Profit (loss) for the period | 9904 | €170,707 | €207,955 | +€37,248 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €170,707 | €207,955 | +€37,248 | +21.8% |
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 15 October 2026 via checked.be.