ORTHOVITALE: 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.
ORTHOVITALE
Largest movements
- Tangible fixed assets -€18,072
down €18,072 (-36.9%), from €48,927 to €30,855
- Cash +€8,737
up €8,737 (+17.8%), from €49,085 to €57,822
mainly Net result for the year (+€30,094) and Depreciation (+€24,828)
- Intangible fixed assets -€3,712
down €3,712 (-29.7%), from €12,517 to €8,805
- Receivables within one year -€3,702
down €3,702 (-6.9%), from €53,777 to €50,075
of which Other amounts receivable: -€15,726
- Stocks and contracts -€2,076
down €2,076 (-7.0%), from €29,563 to €27,487
- Profit (loss) carried forward +€30,094
up €30,094 (+57.3%), from €52,541 to €82,635
- Tax, wage and social debts -€19,522
down €19,522 (-62.1%), from €31,422 to €11,899
of which Taxes: -€10,929
- Debts after one year -€15,836
down €15,836 (-59.2%), from €26,761 to €10,924
- Trade debts -€9,456
down €9,456 (-51.8%), from €18,268 to €8,812
- Investment grants -€2,066
down €2,066 (-33.3%), from €6,199 to €4,133
- Staff costs -€30,631
down €30,631 (-36.7%), from €83,576 to €52,945
- Taxes +€6,184
up €6,184 (+153%), from €4,048 to €10,232
- Other operating charges -€4,308
down €4,308 (-54.5%), from €7,904 to €3,596
- Depreciation -€1,320
down €1,320 (-5.0%), from €26,148 to €24,828
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 | €197,697 | €179,628 | -€18,068 | -9.1% |
| Fixed assets | 21/28 | €61,444 | €39,660 | -€21,784 | -35.5% |
| Intangible fixed assets | 21 | €12,517 | €8,805 | -€3,712 | -29.7% |
| Tangible fixed assets | 22/27 | €48,927 | €30,855 | -€18,072 | -36.9% |
| Furniture and vehicles | 24 | €48,927 | €30,855 | -€18,072 | -36.9% |
| Current assets | 29/58 | €136,253 | €139,968 | +€3,715 | +2.7% |
| Stocks and contracts in progress | 3 | €29,563 | €27,487 | -€2,076 | -7.0% |
| Stocks | 30/36 | €29,563 | €27,487 | -€2,076 | -7.0% |
| Amounts receivable within one year | 40/41 | €53,777 | €50,075 | -€3,702 | -6.9% |
| Trade receivables | 40 | €36,284 | €48,307 | +€12,023 | +33.1% |
| Other amounts receivable | 41 | €17,494 | €1,768 | -€15,726 | -89.9% |
| Cash at bank and in hand | 54/58 | €49,085 | €57,822 | +€8,737 | +17.8% |
| Deferred charges and accrued income | 490/1 | €3,828 | €4,585 | +€757 | +19.8% |
| Total equity and liabilities | 10/49 | €197,697 | €179,628 | -€18,068 | -9.1% |
| Equity | 10/15 | €63,740 | €91,768 | +€28,028 | +44.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,541 | €82,635 | +€30,094 | +57.3% |
| Investment grants | 15 | €6,199 | €4,133 | -€2,066 | -33.3% |
| Amounts payable | 17/49 | €133,957 | €87,861 | -€46,096 | -34.4% |
| Amounts payable after more than one year | 17 | €26,761 | €10,924 | -€15,836 | -59.2% |
| Financial debts | 170/4 | €26,761 | €10,924 | -€15,836 | -59.2% |
| Amounts payable within one year | 42/48 | €107,196 | €76,936 | -€30,260 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €15,200 | €15,836 | +€637 | +4.2% |
| Trade debts | 44 | €18,268 | €8,812 | -€9,456 | -51.8% |
| Suppliers | 440/4 | €18,268 | €8,812 | -€9,456 | -51.8% |
| Taxes, remuneration and social security | 45 | €31,422 | €11,899 | -€19,522 | -62.1% |
| Taxes | 450/3 | €16,913 | €5,984 | -€10,929 | -64.6% |
| Remuneration and social security | 454/9 | €14,509 | €5,915 | -€8,594 | -59.2% |
| Other amounts payable | 47/48 | €42,307 | €40,388 | -€1,919 | -4.5% |
| Remuneration, social security and pensions | 62 | €83,576 | €52,945 | -€30,631 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,148 | €24,828 | -€1,320 | -5.0% |
| Other operating charges | 640/8 | €7,904 | €3,596 | -€4,308 | -54.5% |
| Gross operating margin | 9900 | €125,067 | €123,823 | -€1,244 | -1.0% |
| Operating profit (loss) | 9901 | €7,440 | €42,455 | +€35,016 | +471% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €3,121 | €2,234 | -€886 | -28.4% |
| Recurring financial charges | 65 | €3,121 | €2,234 | -€886 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €4,319 | €40,326 | +€36,007 | +834% |
| Income taxes | 67/77 | €4,048 | €10,232 | +€6,184 | +153% |
| Profit (loss) for the period | 9904 | €271 | €30,094 | +€29,823 | +10,996% |
| Profit (loss) for the period to be appropriated | 9905 | €271 | €30,094 | +€29,823 | +10,996% |
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 21 October 2026 via checked.be.