SPV ORTHODENT: 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.
SPV ORTHODENT
Largest movements
- Current investments +€1.0m
up €1.0m (+55.9%), from €1.8m to €2.8m
- Cash -€307,686
down €307,686 (-25.3%), from €1.2m to €907,539
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€358,846)
- Deferred charges and accrued income +€129,876
up €129,876 (+665%), from €19,527 to €149,403
- Reserves +€564,861
up €564,861 (+17.1%), from €3.3m to €3.9m
of which Distributable reserves: +€564,861
- Other debts +€238,863
up €238,863 (+172%), from €138,754 to €377,617
- Tax, wage and social debts +€46,392
up €46,392 (+95.1%), from €48,807 to €95,199
of which Taxes: +€43,662
- Gross operating margin +€175,208
up €175,208 (+13.8%), from €1.3m to €1.4m
- Taxes +€62,317
up €62,317 (+17.1%), from €364,323 to €426,640
- Financial income +€21,798
up €21,798 (+55.6%), from €39,196 to €60,993
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 | €3,549,994 | €4,398,733 | +€848,739 | +23.9% |
| Fixed assets | 21/28 | €495,338 | €526,571 | +€31,233 | +6.3% |
| Intangible fixed assets | 21 | €7,203 | €5,630 | -€1,573 | -21.8% |
| Tangible fixed assets | 22/27 | €488,085 | €520,891 | +€32,806 | +6.7% |
| Land and buildings | 22 | €418,036 | €452,141 | +€34,105 | +8.2% |
| Plant, machinery and equipment | 23 | €18,067 | €20,092 | +€2,025 | +11.2% |
| Furniture and vehicles | 24 | €51,982 | €48,658 | -€3,324 | -6.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,054,657 | €3,872,162 | +€817,505 | +26.8% |
| Amounts receivable within one year | 40/41 | €14,470 | - | -€14,470 | |
| Other amounts receivable | 41 | €14,470 | - | -€14,470 | |
| Current investments | 50/53 | €1,805,434 | €2,815,220 | +€1.0m | +55.9% |
| Cash at bank and in hand | 54/58 | €1,215,224 | €907,539 | -€307,686 | -25.3% |
| Deferred charges and accrued income | 490/1 | €19,527 | €149,403 | +€129,876 | +665% |
| Total equity and liabilities | 10/49 | €3,549,994 | €4,398,733 | +€848,739 | +23.9% |
| Equity | 10/15 | €3,315,157 | €3,880,018 | +€564,861 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,308,957 | €3,873,818 | +€564,861 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,307,097 | €3,871,958 | +€564,861 | +17.1% |
| Amounts payable | 17/49 | €234,838 | €518,715 | +€283,878 | +121% |
| Amounts payable within one year | 42/48 | €217,547 | €494,851 | +€277,304 | +127% |
| Trade debts | 44 | €29,986 | €22,035 | -€7,951 | -26.5% |
| Suppliers | 440/4 | €29,986 | €22,035 | -€7,951 | -26.5% |
| Taxes, remuneration and social security | 45 | €48,807 | €95,199 | +€46,392 | +95.1% |
| Taxes | 450/3 | €41,257 | €84,919 | +€43,662 | +106% |
| Remuneration and social security | 454/9 | €7,551 | €10,280 | +€2,730 | +36.1% |
| Other amounts payable | 47/48 | €138,754 | €377,617 | +€238,863 | +172% |
| Accrued charges and deferred income | 492/3 | €17,291 | €23,865 | +€6,574 | +38.0% |
| Remuneration, social security and pensions | 62 | €87,407 | €86,120 | -€1,287 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,769 | €56,856 | +€88 | +0.2% |
| Other operating charges | 640/8 | €4,566 | €5,139 | +€573 | +12.5% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €1,265,740 | €1,440,949 | +€175,208 | +13.8% |
| Operating profit (loss) | 9901 | €1,116,998 | €1,292,834 | +€175,835 | +15.7% |
| Financial income | 75/76B | €39,196 | €60,993 | +€21,798 | +55.6% |
| Recurring financial income | 75 | €39,196 | €60,993 | +€21,798 | +55.6% |
| Financial charges | 65/66B | €9,548 | €3,480 | -€6,067 | -63.5% |
| Recurring financial charges | 65 | €9,548 | €3,480 | -€6,067 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €1,146,646 | €1,350,347 | +€203,700 | +17.8% |
| Income taxes | 67/77 | €364,323 | €426,640 | +€62,317 | +17.1% |
| Profit (loss) for the period | 9904 | €782,323 | €923,707 | +€141,384 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €782,323 | €923,707 | +€141,384 | +18.1% |
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 23 October 2026 via checked.be.