RB 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.
RB ORTHO
Largest movements
- Cash +€50,361
up €50,361 (+19.5%), from €258,245 to €308,606
mainly Net result for the year (+€207,907) and Depreciation (+€64,445)
- Intangible fixed assets -€30,800
down €30,800 (-20.0%), from €154,000 to €123,200
- Tangible fixed assets -€11,452
down €11,452 (-10.7%), from €106,971 to €95,520
of which Plant, machinery and equipment: -€9,135
- Other debts +€46,009
up €46,009 (+10.9%), from €420,280 to €466,289
- Debts after one year -€27,616
down €27,616 (-41.6%), from €66,412 to €38,796
- Current portion of long-term debt -€11,084
down €11,084 (-28.6%), from €38,700 to €27,616
- Gross operating margin +€29,220
up €29,220 (+8.3%), from €353,909 to €383,129
- Taxes +€9,840
up €9,840 (+17.3%), from €56,772 to €66,612
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 | €538,347 | €546,034 | +€7,687 | +1.4% |
| Fixed assets | 21/28 | €261,871 | €219,620 | -€42,252 | -16.1% |
| Intangible fixed assets | 21 | €154,000 | €123,200 | -€30,800 | -20.0% |
| Tangible fixed assets | 22/27 | €106,971 | €95,520 | -€11,452 | -10.7% |
| Plant, machinery and equipment | 23 | €49,125 | €39,991 | -€9,135 | -18.6% |
| Furniture and vehicles | 24 | €57,846 | €55,529 | -€2,317 | -4.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €276,476 | €326,414 | +€49,938 | +18.1% |
| Amounts receivable within one year | 40/41 | €7,455 | €3,320 | -€4,135 | -55.5% |
| Trade receivables | 40 | - | €16 | +€16 | |
| Other amounts receivable | 41 | €7,455 | €3,305 | -€4,150 | -55.7% |
| Cash at bank and in hand | 54/58 | €258,245 | €308,606 | +€50,361 | +19.5% |
| Deferred charges and accrued income | 490/1 | €10,776 | €14,488 | +€3,712 | +34.4% |
| Total equity and liabilities | 10/49 | €538,347 | €546,034 | +€7,687 | +1.4% |
| Equity | 10/15 | €7,000 | €7,000 | = | 0.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €531,347 | €539,034 | +€7,687 | +1.4% |
| Amounts payable after more than one year | 17 | €66,412 | €38,796 | -€27,616 | -41.6% |
| Financial debts | 170/4 | €66,412 | €38,796 | -€27,616 | -41.6% |
| Amounts payable within one year | 42/48 | €464,936 | €500,239 | +€35,303 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,700 | €27,616 | -€11,084 | -28.6% |
| Taxes, remuneration and social security | 45 | €5,956 | €6,333 | +€378 | +6.3% |
| Taxes | 450/3 | €201 | €416 | +€216 | +107% |
| Remuneration and social security | 454/9 | €5,755 | €5,917 | +€162 | +2.8% |
| Other amounts payable | 47/48 | €420,280 | €466,289 | +€46,009 | +10.9% |
| Remuneration, social security and pensions | 62 | €40,203 | €39,950 | -€252 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,468 | €64,445 | -€2,023 | -3.0% |
| Other operating charges | 640/8 | €2,115 | €2,136 | +€22 | +1.0% |
| Gross operating margin | 9900 | €353,909 | €383,129 | +€29,220 | +8.3% |
| Operating profit (loss) | 9901 | €245,124 | €276,598 | +€31,473 | +12.8% |
| Financial income | 75/76B | €255 | €1,461 | +€1,205 | +472% |
| Recurring financial income | 75 | €255 | €1,461 | +€1,205 | +472% |
| Financial charges | 65/66B | €4,641 | €3,540 | -€1,101 | -23.7% |
| Recurring financial charges | 65 | €4,641 | €3,540 | -€1,101 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €240,739 | €274,518 | +€33,780 | +14.0% |
| Income taxes | 67/77 | €56,772 | €66,612 | +€9,840 | +17.3% |
| Profit (loss) for the period | 9904 | €183,967 | €207,907 | +€23,940 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,967 | €207,907 | +€23,940 | +13.0% |
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 16 October 2026 via checked.be.