ORTHOSEP: 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.
ORTHOSEP
Largest movements
- Cash -€5,321
down €5,321 (-28.7%), from €18,522 to €13,201
mainly Current portion of long-term debt (-€14,427) and Trade debts (-€5,111)
- Current portion of long-term debt -€14,427
down €14,427 (-77.7%), from €18,577 to €4,150
- Profit (loss) carried forward +€13,094
up €13,094 (+26.4%), from -€49,508 to -€36,414
- Trade debts -€5,111
down €5,111 (-94.8%), from €5,390 to €279
- Taxes -€58,268
down €58,268, from €38,268 to -€20,000
- Staff costs -€36,757
down €36,757 (-99.0%), from €37,119 to €362
- Gross operating margin -€28,687
down €28,687, from €8,661 to -€20,026
- Financial income -€6,503
down €6,503 (-20.8%), from €31,325 to €24,822
- Financial charges +€5,350
up €5,350, from -€1,998 to €3,353
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.
Cash bridge derived
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 | €445,851 | €439,407 | -€6,444 | -1.4% |
| Fixed assets | 21/28 | €18,942 | €15,463 | -€3,479 | -18.4% |
| Tangible fixed assets | 22/27 | €18,942 | €15,463 | -€3,479 | -18.4% |
| Land and buildings | 22 | €4,260 | €5,090 | +€830 | +19.5% |
| Plant, machinery and equipment | 23 | €4,068 | €1,373 | -€2,695 | -66.2% |
| Furniture and vehicles | 24 | €10,016 | €8,649 | -€1,368 | -13.7% |
| Other tangible fixed assets | 26 | €598 | €351 | -€247 | -41.2% |
| Current assets | 29/58 | €426,908 | €423,944 | -€2,965 | -0.7% |
| Amounts receivable within one year | 40/41 | €408,387 | €410,742 | +€2,356 | +0.6% |
| Other amounts receivable | 41 | €408,387 | €410,742 | +€2,356 | +0.6% |
| Cash at bank and in hand | 54/58 | €18,522 | €13,201 | -€5,321 | -28.7% |
| Total equity and liabilities | 10/49 | €445,851 | €439,407 | -€6,444 | -1.4% |
| Equity | 10/15 | €421,883 | €434,977 | +€13,094 | +3.1% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Capital | 10 | €55,800 | €55,800 | = | 0.0% |
| Issued capital | 100 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €415,591 | €415,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Legal reserve | 130 | €5,580 | €5,580 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,040 | €121,040 | = | 0.0% |
| Distributable reserves | 133 | €288,971 | €288,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,508 | -€36,414 | +€13,094 | +26.4% |
| Amounts payable | 17/49 | €23,967 | €4,430 | -€19,538 | -81.5% |
| Amounts payable within one year | 42/48 | €23,967 | €4,430 | -€19,538 | -81.5% |
| Current portion of amounts payable after more than one year | 42 | €18,577 | €4,150 | -€14,427 | -77.7% |
| Trade debts | 44 | €5,390 | €279 | -€5,111 | -94.8% |
| Suppliers | 440/4 | €5,390 | €279 | -€5,111 | -94.8% |
| Remuneration, social security and pensions | 62 | €37,119 | €362 | -€36,757 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,057 | €7,541 | -€3,516 | -31.8% |
| Other operating charges | 640/8 | €5,048 | €447 | -€4,601 | -91.1% |
| Gross operating margin | 9900 | €8,661 | -€20,026 | -€28,687 | |
| Operating profit (loss) | 9901 | -€44,563 | -€28,376 | +€16,187 | +36.3% |
| Financial income | 75/76B | €31,325 | €24,822 | -€6,503 | -20.8% |
| Recurring financial income | 75 | €31,325 | €24,822 | -€6,503 | -20.8% |
| Financial charges | 65/66B | -€1,998 | €3,353 | +€5,350 | |
| Recurring financial charges | 65 | -€1,998 | €3,353 | +€5,350 | |
| Profit (loss) for the period before taxes | 9903 | -€11,240 | -€6,906 | +€4,334 | +38.6% |
| Income taxes | 67/77 | €38,268 | -€20,000 | -€58,268 | |
| Profit (loss) for the period | 9904 | -€49,508 | €13,094 | +€62,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,508 | €13,094 | +€62,601 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.