ORTHOTECHNICS: 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.
ORTHOTECHNICS
Largest movements
- Current investments +€730,970
up €730,970 (+41.7%), from €1.8m to €2.5m
- Cash -€670,359
down €670,359 (-43.8%), from €1.5m to €859,935
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€730,970)
- Tangible fixed assets -€254,989
down €254,989 (-42.0%), from €606,545 to €351,556
of which Furniture and vehicles: -€226,558
- Receivables within one year -€92,699
down €92,699 (-18.1%), from €513,413 to €420,714
of which Other amounts receivable: -€56,337
- Reserves -€878,235
down €878,235 (-21.1%), from €4.2m to €3.3m
of which Distributable reserves: -€878,235
- Other debts +€495,971
up €495,971 (+423%), from €117,198 to €613,169
- Trade debts +€104,638
up €104,638 (+264%), from €39,685 to €144,323
- Gross operating margin -€18,874
down €18,874 (-2.2%), from €841,694 to €822,820
- Other operating charges -€15,633
down €15,633 (-78.8%), from €19,847 to €4,215
- Staff costs +€12,397
up €12,397 (+5.9%), from €209,798 to €222,195
- Depreciation +€12,145
up €12,145 (+21.5%), from €56,502 to €68,647
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 | €4,412,702 | €4,124,489 | -€288,213 | -6.5% |
| Fixed assets | 21/28 | €607,436 | €352,447 | -€254,989 | -42.0% |
| Tangible fixed assets | 22/27 | €606,545 | €351,556 | -€254,989 | -42.0% |
| Plant, machinery and equipment | 23 | €4,037 | €2,242 | -€1,794 | -44.5% |
| Furniture and vehicles | 24 | €532,380 | €305,823 | -€226,558 | -42.6% |
| Other tangible fixed assets | 26 | €70,128 | €43,491 | -€26,637 | -38.0% |
| Financial fixed assets | 28 | €891 | €891 | = | 0.0% |
| Current assets | 29/58 | €3,805,266 | €3,772,042 | -€33,224 | -0.9% |
| Stocks and contracts in progress | 3 | €295 | €311 | +€16 | +5.5% |
| Stocks | 30/36 | €295 | €311 | +€16 | +5.5% |
| Amounts receivable within one year | 40/41 | €513,413 | €420,714 | -€92,699 | -18.1% |
| Trade receivables | 40 | €456,023 | €419,660 | -€36,363 | -8.0% |
| Other amounts receivable | 41 | €57,390 | €1,054 | -€56,337 | -98.2% |
| Current investments | 50/53 | €1,751,228 | €2,482,198 | +€730,970 | +41.7% |
| Cash at bank and in hand | 54/58 | €1,530,294 | €859,935 | -€670,359 | -43.8% |
| Deferred charges and accrued income | 490/1 | €10,035 | €8,883 | -€1,152 | -11.5% |
| Total equity and liabilities | 10/49 | €4,412,702 | €4,124,489 | -€288,213 | -6.5% |
| Equity | 10/15 | €4,170,074 | €3,291,839 | -€878,235 | -21.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €4,163,824 | €3,285,589 | -€878,235 | -21.1% |
| Tax-exempt reserves | 132 | €349 | €349 | = | 0.0% |
| Distributable reserves | 133 | €4,163,476 | €3,285,241 | -€878,235 | -21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €242,628 | €832,650 | +€590,022 | +243% |
| Amounts payable after more than one year | 17 | €15,167 | €7,148 | -€8,019 | -52.9% |
| Financial debts | 170/4 | €15,167 | €5,588 | -€9,579 | -63.2% |
| Other amounts payable | 178/9 | - | €1,560 | +€1,560 | |
| Amounts payable within one year | 42/48 | €227,461 | €824,504 | +€597,043 | +262% |
| Current portion of amounts payable after more than one year | 42 | €9,579 | €9,579 | = | 0.0% |
| Trade debts | 44 | €39,685 | €144,323 | +€104,638 | +264% |
| Suppliers | 440/4 | €39,685 | €144,323 | +€104,638 | +264% |
| Taxes, remuneration and social security | 45 | €60,998 | €57,432 | -€3,566 | -5.8% |
| Taxes | 450/3 | €25,732 | €22,943 | -€2,789 | -10.8% |
| Remuneration and social security | 454/9 | €35,267 | €34,489 | -€777 | -2.2% |
| Other amounts payable | 47/48 | €117,198 | €613,169 | +€495,971 | +423% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €209,798 | €222,195 | +€12,397 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,502 | €68,647 | +€12,145 | +21.5% |
| Other operating charges | 640/8 | €19,847 | €4,215 | -€15,633 | -78.8% |
| Gross operating margin | 9900 | €841,694 | €822,820 | -€18,874 | -2.2% |
| Operating profit (loss) | 9901 | €555,546 | €527,763 | -€27,784 | -5.0% |
| Financial income | 75/76B | €6,065 | €12,812 | +€6,747 | +111% |
| Recurring financial income | 75 | €6,065 | €12,812 | +€6,747 | +111% |
| Financial charges | 65/66B | €4,937 | €5,553 | +€616 | +12.5% |
| Recurring financial charges | 65 | €4,937 | €5,553 | +€616 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €556,674 | €535,022 | -€21,652 | -3.9% |
| Income taxes | 67/77 | €175,323 | €167,574 | -€7,749 | -4.4% |
| Profit (loss) for the period | 9904 | €381,351 | €367,448 | -€13,903 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €381,351 | €367,448 | -€13,903 | -3.6% |
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 15 October 2026 via checked.be.