RANTZAS ORTHO: 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.
RANTZAS ORTHO
Largest movements
- Cash +€262,564
up €262,564 (+60.3%), from €435,205 to €697,769
mainly Other debts (+€344,123) and Net result for the year (+€172,142)
- Current investments -€71,324
down €71,324 (-18.2%), from €392,542 to €321,218
- Tangible fixed assets +€29,570
up €29,570 (+53.1%), from €55,700 to €85,270
of which Plant, machinery and equipment: +€22,830
- Receivables within one year -€12,405
no longer reported in 2025 (was €12,405)
of which Other amounts receivable: -€9,086
- Other debts +€344,123
up €344,123 (+805%), from €42,750 to €386,873
- Reserves -€175,000
down €175,000 (-26.3%), from €666,600 to €491,600
- Tax, wage and social debts +€25,467
up €25,467 (+159%), from €16,050 to €41,517
- Gross operating margin +€39,057
up €39,057 (+12.5%), from €312,969 to €352,026
- Financial charges +€20,407
up €20,407 (+38.7%), from €52,721 to €73,128
- Taxes +€11,614
up €11,614 (+15.8%), from €73,685 to €85,299
- Financial income +€9,959
up €9,959 (+233%), from €4,276 to €14,235
- Depreciation +€6,515
up €6,515 (+29.7%), from €21,950 to €28,465
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 | €1,027,745 | €1,222,236 | +€194,491 | +18.9% |
| Fixed assets | 21/28 | €170,238 | €188,354 | +€18,116 | +10.6% |
| Intangible fixed assets | 21 | €114,538 | €103,084 | -€11,454 | -10.0% |
| Tangible fixed assets | 22/27 | €55,700 | €85,270 | +€29,570 | +53.1% |
| Land and buildings | 22 | €4,737 | €4,534 | -€203 | -4.3% |
| Plant, machinery and equipment | 23 | €9,169 | €31,999 | +€22,830 | +249% |
| Furniture and vehicles | 24 | €11,101 | €18,224 | +€7,123 | +64.2% |
| Other tangible fixed assets | 26 | €30,693 | €30,514 | -€179 | -0.6% |
| Current assets | 29/58 | €857,507 | €1,033,882 | +€176,375 | +20.6% |
| Amounts receivable within one year | 40/41 | €12,405 | - | -€12,405 | |
| Trade receivables | 40 | €3,319 | - | -€3,319 | |
| Other amounts receivable | 41 | €9,086 | - | -€9,086 | |
| Current investments | 50/53 | €392,542 | €321,218 | -€71,324 | -18.2% |
| Cash at bank and in hand | 54/58 | €435,205 | €697,769 | +€262,564 | +60.3% |
| Deferred charges and accrued income | 490/1 | €17,355 | €14,895 | -€2,460 | -14.2% |
| Total equity and liabilities | 10/49 | €1,027,745 | €1,222,236 | +€194,491 | +18.9% |
| Equity | 10/15 | €930,780 | €757,922 | -€172,858 | -18.6% |
| Contributions | 10/11 | €19,308 | €19,308 | = | 0.0% |
| Reserves | 13 | €666,600 | €491,600 | -€175,000 | -26.3% |
| Distributable reserves | 133 | €666,600 | €491,600 | -€175,000 | -26.3% |
| Profit (loss) carried forward | 14 | €244,872 | €247,014 | +€2,142 | +0.9% |
| Amounts payable | 17/49 | €96,965 | €464,314 | +€367,349 | +379% |
| Amounts payable after more than one year | 17 | €11,761 | - | -€11,761 | |
| Financial debts | 170/4 | €11,761 | - | -€11,761 | |
| Amounts payable within one year | 42/48 | €85,204 | €464,314 | +€379,110 | +445% |
| Current portion of amounts payable after more than one year | 42 | €21,165 | €28,520 | +€7,355 | +34.7% |
| Trade debts | 44 | €5,239 | €7,405 | +€2,166 | +41.3% |
| Suppliers | 440/4 | €5,239 | €7,405 | +€2,166 | +41.3% |
| Taxes, remuneration and social security | 45 | €16,050 | €41,517 | +€25,467 | +159% |
| Taxes | 450/3 | €16,050 | €41,517 | +€25,467 | +159% |
| Other amounts payable | 47/48 | €42,750 | €386,873 | +€344,123 | +805% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,950 | €28,465 | +€6,515 | +29.7% |
| Other operating charges | 640/8 | €6,808 | €7,227 | +€419 | +6.2% |
| Gross operating margin | 9900 | €312,969 | €352,026 | +€39,057 | +12.5% |
| Operating profit (loss) | 9901 | €284,211 | €316,334 | +€32,123 | +11.3% |
| Financial income | 75/76B | €4,276 | €14,235 | +€9,959 | +233% |
| Recurring financial income | 75 | €4,276 | €14,235 | +€9,959 | +233% |
| Financial charges | 65/66B | €52,721 | €73,128 | +€20,407 | +38.7% |
| Recurring financial charges | 65 | €52,721 | €73,128 | +€20,407 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €235,766 | €257,440 | +€21,674 | +9.2% |
| Income taxes | 67/77 | €73,685 | €85,299 | +€11,614 | +15.8% |
| Profit (loss) for the period | 9904 | €162,081 | €172,142 | +€10,061 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,081 | €172,142 | +€10,061 | +6.2% |
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 29 October 2026 via checked.be.