ORTHOSYSTEMS: 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.
ORTHOSYSTEMS
Largest movements
- Receivables within one year +€82,997
up €82,997 (+18.9%), from €439,180 to €522,176
of which Other amounts receivable: +€74,331
- Tangible fixed assets +€30,290
up €30,290 (+11.5%), from €263,506 to €293,796
of which Other tangible fixed assets: +€23,733
- Cash +€17,709
up €17,709 (+13.1%), from €135,588 to €153,297
mainly Net result for the year (+€357,919) and Depreciation (+€59,731)
- Reserves +€57,688
up €57,688 (+19.8%), from €291,900 to €349,588
of which Distributable reserves: +€57,919
- Trade debts +€54,761
up €54,761 (+18.8%), from €290,904 to €345,665
- Debts after one year +€30,443
up €30,443 (+47.0%), from €64,838 to €95,281
- Tax, wage and social debts -€29,329
down €29,329 (-43.3%), from €67,719 to €38,390
of which Taxes: -€22,848
- Current portion of long-term debt +€22,827
up €22,827 (+65.8%), from €34,695 to €57,522
- Staff costs +€51,890
up €51,890 (+12.4%), from €419,176 to €471,067
- Gross operating margin +€48,667
up €48,667 (+5.5%), from €879,976 to €928,643
- Taxes -€36,117
down €36,117 (-63.8%), from €56,582 to €20,466
- Depreciation +€18,572
up €18,572 (+45.1%), from €41,160 to €59,731
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 | €1,213,937 | €1,353,249 | +€139,312 | +11.5% |
| Fixed assets | 21/28 | €546,829 | €578,619 | +€31,790 | +5.8% |
| Tangible fixed assets | 22/27 | €263,506 | €293,796 | +€30,290 | +11.5% |
| Plant, machinery and equipment | 23 | €80,795 | €96,887 | +€16,092 | +19.9% |
| Furniture and vehicles | 24 | €40,515 | €37,960 | -€2,555 | -6.3% |
| Leasing and similar rights | 25 | €30,887 | €23,906 | -€6,980 | -22.6% |
| Other tangible fixed assets | 26 | €111,309 | €135,042 | +€23,733 | +21.3% |
| Financial fixed assets | 28 | €283,323 | €284,823 | +€1,500 | +0.5% |
| Current assets | 29/58 | €667,108 | €774,630 | +€107,522 | +16.1% |
| Stocks and contracts in progress | 3 | €78,416 | €84,162 | +€5,746 | +7.3% |
| Stocks | 30/36 | €78,416 | €84,162 | +€5,746 | +7.3% |
| Amounts receivable within one year | 40/41 | €439,180 | €522,176 | +€82,997 | +18.9% |
| Trade receivables | 40 | €215,851 | €224,517 | +€8,666 | +4.0% |
| Other amounts receivable | 41 | €223,329 | €297,660 | +€74,331 | +33.3% |
| Cash at bank and in hand | 54/58 | €135,588 | €153,297 | +€17,709 | +13.1% |
| Deferred charges and accrued income | 490/1 | €13,924 | €14,995 | +€1,071 | +7.7% |
| Total equity and liabilities | 10/49 | €1,213,937 | €1,353,249 | +€139,312 | +11.5% |
| Equity | 10/15 | €294,211 | €352,130 | +€57,919 | +19.7% |
| Contributions | 10/11 | €2,311 | €2,542 | +€231 | +10.0% |
| Reserves | 13 | €291,900 | €349,588 | +€57,688 | +19.8% |
| Non-distributable reserves | 130/1 | €231 | €0 | -€231 | -100.0% |
| Reserves not available under the articles | 1311 | €231 | €0 | -€231 | -100.0% |
| Tax-exempt reserves | 132 | €11,147 | €11,147 | = | 0.0% |
| Distributable reserves | 133 | €280,522 | €338,441 | +€57,919 | +20.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €919,726 | €1,001,119 | +€81,393 | +8.8% |
| Amounts payable after more than one year | 17 | €64,838 | €95,281 | +€30,443 | +47.0% |
| Financial debts | 170/4 | €64,838 | €95,281 | +€30,443 | +47.0% |
| Amounts payable within one year | 42/48 | €854,242 | €905,838 | +€51,596 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €34,695 | €57,522 | +€22,827 | +65.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €290,904 | €345,665 | +€54,761 | +18.8% |
| Suppliers | 440/4 | €290,904 | €345,665 | +€54,761 | +18.8% |
| Taxes, remuneration and social security | 45 | €67,719 | €38,390 | -€29,329 | -43.3% |
| Taxes | 450/3 | €22,848 | €0 | -€22,848 | -100.0% |
| Remuneration and social security | 454/9 | €44,871 | €38,390 | -€6,481 | -14.4% |
| Other amounts payable | 47/48 | €460,924 | €464,262 | +€3,338 | +0.7% |
| Accrued charges and deferred income | 492/3 | €647 | €0 | -€647 | -100.0% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Remuneration, social security and pensions | 62 | €419,176 | €471,067 | +€51,890 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,160 | €59,731 | +€18,572 | +45.1% |
| Other operating charges | 640/8 | €3,051 | €2,537 | -€514 | -16.8% |
| Non-recurring operating charges | 66A | €0 | €1,441 | +€1,441 | |
| Gross operating margin | 9900 | €879,976 | €928,643 | +€48,667 | +5.5% |
| Operating profit (loss) | 9901 | €416,589 | €393,866 | -€22,723 | -5.5% |
| Financial income | 75/76B | €221 | €46 | -€176 | -79.3% |
| Recurring financial income | 75 | €221 | €46 | -€176 | -79.3% |
| Financial charges | 65/66B | €7,571 | €15,528 | +€7,957 | +105.1% |
| Recurring financial charges | 65 | €7,571 | €15,528 | +€7,957 | +105.1% |
| Profit (loss) for the period before taxes | 9903 | €409,239 | €378,384 | -€30,855 | -7.5% |
| Income taxes | 67/77 | €56,582 | €20,466 | -€36,117 | -63.8% |
| Profit (loss) for the period | 9904 | €352,657 | €357,919 | +€5,262 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €352,657 | €357,919 | +€5,262 | +1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.