Orthosol: 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.
Orthosol
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+2,477%), from €8,075 to €208,075
- Receivables within one year +€71,677
up €71,677 (+45.4%), from €157,811 to €229,489
of which Trade receivables: +€70,330
- Cash -€19,126
down €19,126 (-89.7%), from €21,324 to €2,198
mainly Investment in fixed assets (net) (-€250,501) and Trade debts (-€108,303)
- Debts after one year +€116,886
up €116,886 (+14.7%), from €795,395 to €912,281
- Trade debts -€108,303
down €108,303 (-96.4%), from €112,303 to €4,000
- Other debts +€97,060
up €97,060 (+2,966%), from €3,272 to €100,332
- Reserves +€58,836
up €58,836 (+102%), from €57,700 to €116,536
- Current portion of long-term debt +€55,241
up €55,241 (+124%), from €44,540 to €99,781
- Other operating charges -€81,828
down €81,828 (-87.9%), from €93,051 to €11,223
- Gross operating margin +€52,409
up €52,409 (+30.7%), from €170,956 to €223,364
- Depreciation +€30,243
up €30,243 (+94.0%), from €32,168 to €62,412
- Financial charges +€26,690
up €26,690 (+522%), from €5,114 to €31,804
- Taxes +€14,925
up €14,925 (+179%), from €8,332 to €23,258
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 | €1,037,673 | €1,275,687 | +€238,014 | +22.9% |
| Fixed assets | 21/28 | €852,411 | €1,040,500 | +€188,089 | +22.1% |
| Tangible fixed assets | 22/27 | €844,336 | €832,425 | -€11,911 | -1.4% |
| Land and buildings | 22 | €738,555 | €709,180 | -€29,375 | -4.0% |
| Plant, machinery and equipment | 23 | €62,755 | €95,422 | +€32,667 | +52.1% |
| Furniture and vehicles | 24 | €42,240 | €27,307 | -€14,933 | -35.4% |
| Other tangible fixed assets | 26 | €786 | €516 | -€271 | -34.4% |
| Financial fixed assets | 28 | €8,075 | €208,075 | +€200,000 | +2,477% |
| Current assets | 29/58 | €185,262 | €235,187 | +€49,925 | +26.9% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,811 | €229,489 | +€71,677 | +45.4% |
| Trade receivables | 40 | €153,139 | €223,468 | +€70,330 | +45.9% |
| Other amounts receivable | 41 | €4,673 | €6,020 | +€1,348 | +28.8% |
| Cash at bank and in hand | 54/58 | €21,324 | €2,198 | -€19,126 | -89.7% |
| Deferred charges and accrued income | 490/1 | €2,626 | €0 | -€2,626 | -100% |
| Total equity and liabilities | 10/49 | €1,037,673 | €1,275,687 | +€238,014 | +22.9% |
| Equity | 10/15 | €67,700 | €126,536 | +€58,836 | +86.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €57,700 | €116,536 | +€58,836 | +102% |
| Distributable reserves | 133 | €57,700 | €116,536 | +€58,836 | +102% |
| Amounts payable | 17/49 | €969,973 | €1,149,151 | +€179,178 | +18.5% |
| Amounts payable after more than one year | 17 | €795,395 | €912,281 | +€116,886 | +14.7% |
| Financial debts | 170/4 | €795,395 | €912,281 | +€116,886 | +14.7% |
| Amounts payable within one year | 42/48 | €174,228 | €235,279 | +€61,051 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €44,540 | €99,781 | +€55,241 | +124% |
| Trade debts | 44 | €112,303 | €4,000 | -€108,303 | -96.4% |
| Suppliers | 440/4 | €112,303 | €4,000 | -€108,303 | -96.4% |
| Taxes, remuneration and social security | 45 | €14,112 | €31,166 | +€17,054 | +121% |
| Taxes | 450/3 | €9,049 | €21,399 | +€12,351 | +136% |
| Remuneration and social security | 454/9 | €5,064 | €9,767 | +€4,703 | +92.9% |
| Other amounts payable | 47/48 | €3,272 | €100,332 | +€97,060 | +2,966% |
| Accrued charges and deferred income | 492/3 | €350 | €1,591 | +€1,241 | +354% |
| Remuneration, social security and pensions | 62 | €23,141 | €35,998 | +€12,857 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,168 | €62,412 | +€30,243 | +94.0% |
| Other operating charges | 640/8 | €93,051 | €11,223 | -€81,828 | -87.9% |
| Gross operating margin | 9900 | €170,956 | €223,364 | +€52,409 | +30.7% |
| Operating profit (loss) | 9901 | €22,594 | €113,732 | +€91,137 | +403% |
| Financial income | 75/76B | €8,292 | €166 | -€8,126 | -98.0% |
| Recurring financial income | 75 | €8,292 | €166 | -€8,126 | -98.0% |
| Financial charges | 65/66B | €5,114 | €31,804 | +€26,690 | +522% |
| Recurring financial charges | 65 | €5,114 | €31,804 | +€26,690 | +522% |
| Profit (loss) for the period before taxes | 9903 | €25,772 | €82,094 | +€56,321 | +219% |
| Income taxes | 67/77 | €8,332 | €23,258 | +€14,925 | +179% |
| Profit (loss) for the period | 9904 | €17,440 | €58,836 | +€41,396 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €17,440 | €58,836 | +€41,396 | +237% |
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.