ORTHOTEC EVOLUTION: 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.
ORTHOTEC EVOLUTION
Largest movements
- Cash -€16,129
down €16,129 (-53.4%), from €30,229 to €14,100
mainly Debts after one year (-€20,000) and Net result for the year (-€1,172)
- Receivables within one year -€4,532
down €4,532 (-56.5%), from €8,021 to €3,489
of which Trade receivables: -€4,532
- Debts after one year -€20,000
down €20,000 (-34.5%), from €57,999 to €37,999
- Profit (loss) carried forward -€1,172
down €1,172 (-4.5%), from -€26,049 to -€27,221
- Trade debts +€511
new in 2025: €511
- Depreciation -€4,660
no longer reported in 2025 (was €4,660)
- Gross operating margin -€968
down €968, from €544 to -€424
- Financial charges -€310
down €310 (-83.5%), from €372 to €61
of which Non-recurring financial charges: -€292
- Other operating charges -€75
down €75 (-46.1%), from €163 to €88
- Financial income -€34
no longer reported in 2025 (was €34)
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 | €38,250 | €17,590 | -€20,660 | -54.0% |
| Current assets | 29/58 | €38,250 | €17,590 | -€20,660 | -54.0% |
| Amounts receivable within one year | 40/41 | €8,021 | €3,489 | -€4,532 | -56.5% |
| Trade receivables | 40 | €4,532 | - | -€4,532 | |
| Other amounts receivable | 41 | €3,489 | €3,489 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,229 | €14,100 | -€16,129 | -53.4% |
| Total equity and liabilities | 10/49 | €38,250 | €17,590 | -€20,660 | -54.0% |
| Equity | 10/15 | -€19,749 | -€20,921 | -€1,172 | -5.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Contributions outside capital | 11 | €6,300 | €6,300 | = | 0.0% |
| Other | 1109/19 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,049 | -€27,221 | -€1,172 | -4.5% |
| Amounts payable | 17/49 | €57,999 | €38,510 | -€19,489 | -33.6% |
| Amounts payable after more than one year | 17 | €57,999 | €37,999 | -€20,000 | -34.5% |
| Financial debts | 170/4 | €57,999 | €37,999 | -€20,000 | -34.5% |
| Amounts payable within one year | 42/48 | - | €511 | +€511 | |
| Trade debts | 44 | - | €511 | +€511 | |
| Suppliers | 440/4 | - | €511 | +€511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,660 | - | -€4,660 | |
| Other operating charges | 640/8 | €163 | €88 | -€75 | -46.1% |
| Non-recurring operating charges | 66A | - | €599 | +€599 | |
| Gross operating margin | 9900 | €544 | -€424 | -€968 | |
| Operating profit (loss) | 9901 | -€4,278 | -€1,110 | +€3,168 | +74.0% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €372 | €61 | -€310 | -83.5% |
| Recurring financial charges | 65 | €80 | €61 | -€19 | -23.5% |
| Non-recurring financial charges | 66B | €292 | - | -€292 | |
| Profit (loss) for the period before taxes | 9903 | -€4,616 | -€1,172 | +€3,444 | +74.6% |
| Profit (loss) for the period | 9904 | -€4,616 | -€1,172 | +€3,444 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,616 | -€1,172 | +€3,444 | +74.6% |
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.