ORTHOSPINE: 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.
ORTHOSPINE
Largest movements
- Receivables within one year -€790,165
down €790,165 (-80.1%), from €986,925 to €196,760
of which Other amounts receivable: -€424,589
- Stocks and contracts -€143,911
no longer reported in 2025 (was €143,911)
- Cash -€88,698
down €88,698 (-56.8%), from €156,272 to €67,574
mainly Other debts (-€1.1m) and Net result for the year (-€95,051)
- Other debts -€1.1m
down €1.1m (-99.2%), from €1.1m to €9,231
- Tax, wage and social debts +€192,751
up €192,751 (+184%), from €104,506 to €297,257
of which Taxes: +€197,226
- Accrued charges and deferred income +€96,645
new in 2025: €96,645
- Profit (loss) carried forward -€95,051
down €95,051 (-11.7%), from -€810,658 to -€905,709
- Trade debts -€85,992
down €85,992 (-47.0%), from €183,109 to €97,117
- Turnover -€1.7m
down €1.7m (-97.3%), from €1.7m to €46,117
- Goods and materials -€1.1m
down €1.1m (-95.9%), from €1.2m to €48,431
- Staff costs -€591,248
down €591,248 (-48.4%), from €1.2m to €630,000
- Services and other goods -€540,038
down €540,038 (-64.2%), from €841,742 to €301,704
- Other operating income -€340,862
down €340,862 (-25.8%), from €1.3m to €982,534
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 | €1,287,107 | €267,424 | -€1.0m | -79.2% |
| Current assets | 29/58 | €1,287,107 | €267,424 | -€1.0m | -79.2% |
| Stocks and contracts in progress | 3 | €143,911 | - | -€143,911 | |
| Stocks | 30/36 | €143,911 | - | -€143,911 | |
| Goods purchased for resale | 34 | €143,911 | - | -€143,911 | |
| Amounts receivable within one year | 40/41 | €986,925 | €196,760 | -€790,165 | -80.1% |
| Trade receivables | 40 | €562,110 | €196,535 | -€365,576 | -65.0% |
| Other amounts receivable | 41 | €424,814 | €225 | -€424,589 | -99.9% |
| Cash at bank and in hand | 54/58 | €156,272 | €67,574 | -€88,698 | -56.8% |
| Deferred charges and accrued income | 490/1 | - | €3,090 | +€3,090 | |
| Total equity and liabilities | 10/49 | €1,287,107 | €267,424 | -€1.0m | -79.2% |
| Equity | 10/15 | -€137,775 | -€232,826 | -€95,051 | -69.0% |
| Contributions | 10/11 | €574,438 | €574,438 | = | 0.0% |
| Capital | 10 | €574,438 | €574,438 | = | 0.0% |
| Issued capital | 100 | €574,438 | €574,438 | = | 0.0% |
| Reserves | 13 | €98,445 | €98,445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €98,445 | €98,445 | = | 0.0% |
| Legal reserve | 130 | €98,445 | €98,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€810,658 | -€905,709 | -€95,051 | -11.7% |
| Amounts payable | 17/49 | €1,424,882 | €500,249 | -€924,633 | -64.9% |
| Amounts payable within one year | 42/48 | €1,424,882 | €403,604 | -€1.0m | -71.7% |
| Trade debts | 44 | €183,109 | €97,117 | -€85,992 | -47.0% |
| Suppliers | 440/4 | €183,109 | €97,117 | -€85,992 | -47.0% |
| Taxes, remuneration and social security | 45 | €104,506 | €297,257 | +€192,751 | +184% |
| Taxes | 450/3 | €34,500 | €231,726 | +€197,226 | +572% |
| Remuneration and social security | 454/9 | €70,006 | €65,531 | -€4,475 | -6.4% |
| Other amounts payable | 47/48 | €1,137,267 | €9,231 | -€1.1m | -99.2% |
| Accrued charges and deferred income | 492/3 | - | €96,645 | +€96,645 | |
| Operating income | 70/76A | €3,050,868 | €1,028,651 | -€2.0m | -66.3% |
| Turnover | 70 | €1,727,472 | €46,117 | -€1.7m | -97.3% |
| Other operating income | 74 | €1,323,396 | €982,534 | -€340,862 | -25.8% |
| Operating charges | 60/66A | €3,471,099 | €1,116,169 | -€2.4m | -67.8% |
| Goods for resale, raw materials and consumables | 60 | €1,167,065 | €48,431 | -€1.1m | -95.9% |
| Change in stocks: decrease (increase) | 609 | €1,167,065 | €48,431 | -€1.1m | -95.9% |
| Services and other goods | 61 | €841,742 | €301,704 | -€540,038 | -64.2% |
| Remuneration, social security and pensions | 62 | €1,221,248 | €630,000 | -€591,248 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,002 | - | -€107,002 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€204,122 | €102,681 | +€306,802 | |
| Other operating charges | 640/8 | €294,861 | €1,088 | -€293,772 | -99.6% |
| Non-recurring operating charges | 66A | €43,304 | €32,265 | -€11,039 | -25.5% |
| Operating profit (loss) | 9901 | -€420,232 | -€87,518 | +€332,714 | +79.2% |
| Financial income | 75/76B | €19,031 | - | -€19,031 | |
| Recurring financial income | 75 | €19,031 | - | -€19,031 | |
| Income from current assets | 751 | €1,000 | - | -€1,000 | |
| Other financial income | 752/9 | €18,030 | - | -€18,030 | |
| Financial charges | 65/66B | €45,273 | €7,533 | -€37,739 | -83.4% |
| Recurring financial charges | 65 | €45,273 | €7,533 | -€37,739 | -83.4% |
| Debt charges | 650 | €37,953 | €6,576 | -€31,377 | -82.7% |
| Other financial charges | 652/9 | €7,319 | €957 | -€6,362 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€446,474 | -€95,051 | +€351,423 | +78.7% |
| Taxes | 670/3 | €15,000 | - | -€15,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €15,000 | - | -€15,000 | |
| Profit (loss) for the period | 9904 | -€446,474 | -€95,051 | +€351,423 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€446,474 | -€95,051 | +€351,423 | +78.7% |
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 23 October 2026 via checked.be.