ORTHOSURGE: 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.
ORTHOSURGE
Largest movements
- Receivables within one year -€38,216
down €38,216 (-25.4%), from €150,586 to €112,370
of which Other amounts receivable: -€38,513
- Cash +€34,573
up €34,573 (+45.0%), from €76,885 to €111,459
mainly Other debts (+€90,083) and Receivables within one year (+€38,216)
- Financial fixed assets -€3,867
down €3,867 (-97.1%), from €3,982 to €115
- Reserves -€103,348
down €103,348 (-58.5%), from €176,679 to €73,330
- Other debts +€90,083
up €90,083 (+359%), from €25,127 to €115,210
- Tax, wage and social debts +€6,409
up €6,409 (+49.6%), from €12,909 to €19,318
of which Taxes: +€3,875
- Trade debts +€4,751
up €4,751 (+23.6%), from €20,172 to €24,923
of which Suppliers: +€4,751
- Accrued charges and deferred income -€4,137
no longer reported in 2025 (was €4,137)
- Gross operating margin -€38,993
down €38,993 (-43.2%), from €90,206 to €51,213
- Taxes -€10,673
down €10,673 (-59.1%), from €18,053 to €7,380
- Financial income -€2,806
down €2,806 (-29.8%), from €9,402 to €6,596
- Other operating charges -€1,848
down €1,848 (-48.0%), from €3,848 to €2,000
- Staff costs +€1,182
up €1,182 (+3.5%), from €34,045 to €35,226
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 | €239,024 | €232,782 | -€6,242 | -2.6% |
| Fixed assets | 21/28 | €5,629 | €1,273 | -€4,356 | -77.4% |
| Tangible fixed assets | 22/27 | €1,647 | €1,158 | -€489 | -29.7% |
| Furniture and vehicles | 24 | €580 | €91 | -€489 | -84.3% |
| Other tangible fixed assets | 26 | €1,067 | €1,067 | = | 0.0% |
| Financial fixed assets | 28 | €3,982 | €115 | -€3,867 | -97.1% |
| Current assets | 29/58 | €233,395 | €231,508 | -€1,887 | -0.8% |
| Amounts receivable within one year | 40/41 | €150,586 | €112,370 | -€38,216 | -25.4% |
| Trade receivables | 40 | €231 | €528 | +€297 | +129% |
| Other amounts receivable | 41 | €150,355 | €111,842 | -€38,513 | -25.6% |
| Cash at bank and in hand | 54/58 | €76,885 | €111,459 | +€34,573 | +45.0% |
| Deferred charges and accrued income | 490/1 | €5,923 | €7,679 | +€1,756 | +29.6% |
| Total equity and liabilities | 10/49 | €239,024 | €232,782 | -€6,242 | -2.6% |
| Equity | 10/15 | €176,679 | €73,330 | -€103,348 | -58.5% |
| Reserves | 13 | €176,679 | €73,330 | -€103,348 | -58.5% |
| Distributable reserves | 133 | €176,679 | €73,330 | -€103,348 | -58.5% |
| Amounts payable | 17/49 | €62,345 | €159,451 | +€97,106 | +156% |
| Amounts payable within one year | 42/48 | €58,208 | €159,451 | +€101,243 | +174% |
| Trade debts | 44 | €20,172 | €24,923 | +€4,751 | +23.6% |
| Suppliers | 440/4 | €18,273 | €23,025 | +€4,751 | +26.0% |
| Bills of exchange payable | 441 | €1,898 | €1,898 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,909 | €19,318 | +€6,409 | +49.6% |
| Taxes | 450/3 | €8,923 | €12,798 | +€3,875 | +43.4% |
| Remuneration and social security | 454/9 | €3,987 | €6,520 | +€2,534 | +63.6% |
| Other amounts payable | 47/48 | €25,127 | €115,210 | +€90,083 | +359% |
| Accrued charges and deferred income | 492/3 | €4,137 | - | -€4,137 | |
| Remuneration, social security and pensions | 62 | €34,045 | €35,226 | +€1,182 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €489 | = | 0.0% |
| Other operating charges | 640/8 | €3,848 | €2,000 | -€1,848 | -48.0% |
| Gross operating margin | 9900 | €90,206 | €51,213 | -€38,993 | -43.2% |
| Operating profit (loss) | 9901 | €51,825 | €13,498 | -€38,327 | -74.0% |
| Financial income | 75/76B | €9,402 | €6,596 | -€2,806 | -29.8% |
| Recurring financial income | 75 | €9,402 | €6,596 | -€2,806 | -29.8% |
| Financial charges | 65/66B | €1,091 | €852 | -€239 | -21.9% |
| Recurring financial charges | 65 | €1,091 | €852 | -€239 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €60,137 | €19,242 | -€40,895 | -68.0% |
| Income taxes | 67/77 | €18,053 | €7,380 | -€10,673 | -59.1% |
| Profit (loss) for the period | 9904 | €42,083 | €11,862 | -€30,222 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,083 | €11,862 | -€30,222 | -71.8% |
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 22 October 2026 via checked.be.