SV 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.
SV ORTHO
Largest movements
- Cash +€79,081
up €79,081 (+133%), from €59,330 to €138,411
mainly Net result for the year (+€95,792) and Receivables within one year (+€7,006)
- Receivables within one year -€7,006
down €7,006 (-49.7%), from €14,098 to €7,092
- Tangible fixed assets -€5,095
down €5,095 (-18.4%), from €27,633 to €22,538
of which Plant, machinery and equipment: -€3,380
- Profit (loss) carried forward +€95,792
up €95,792 (+115%), from €83,382 to €179,173
- Other debts -€33,790
no longer reported in 2025 (was €33,790)
- Current portion of long-term debt +€5,888
new in 2025: €5,888
- Gross operating margin +€15,259
up €15,259 (+12.6%), from €120,832 to €136,091
- Taxes +€3,335
up €3,335 (+10.8%), from €30,902 to €34,237
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 | €122,087 | €188,937 | +€66,850 | +54.8% |
| Fixed assets | 21/28 | €27,633 | €22,538 | -€5,095 | -18.4% |
| Tangible fixed assets | 22/27 | €27,633 | €22,538 | -€5,095 | -18.4% |
| Land and buildings | 22 | €15,793 | €14,078 | -€1,715 | -10.9% |
| Plant, machinery and equipment | 23 | €11,840 | €8,460 | -€3,380 | -28.5% |
| Current assets | 29/58 | €94,454 | €166,399 | +€71,944 | +76.2% |
| Amounts receivable within one year | 40/41 | €14,098 | €7,092 | -€7,006 | -49.7% |
| Other amounts receivable | 41 | €14,098 | €7,092 | -€7,006 | -49.7% |
| Cash at bank and in hand | 54/58 | €59,330 | €138,411 | +€79,081 | +133% |
| Deferred charges and accrued income | 490/1 | €21,027 | €20,896 | -€130 | -0.6% |
| Total equity and liabilities | 10/49 | €122,087 | €188,937 | +€66,850 | +54.8% |
| Equity | 10/15 | €85,882 | €181,673 | +€95,792 | +112% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,382 | €179,173 | +€95,792 | +115% |
| Amounts payable | 17/49 | €36,205 | €7,263 | -€28,942 | -79.9% |
| Amounts payable within one year | 42/48 | €36,205 | €7,263 | -€28,942 | -79.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,888 | +€5,888 | |
| Trade debts | 44 | €2,415 | €1,375 | -€1,040 | -43.1% |
| Suppliers | 440/4 | €2,415 | €1,375 | -€1,040 | -43.1% |
| Other amounts payable | 47/48 | €33,790 | - | -€33,790 | |
| Remuneration, social security and pensions | 62 | €1,071 | - | -€1,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,938 | €5,095 | +€156 | +3.2% |
| Other operating charges | 640/8 | €118 | €467 | +€349 | +296% |
| Gross operating margin | 9900 | €120,832 | €136,091 | +€15,259 | +12.6% |
| Operating profit (loss) | 9901 | €114,705 | €130,530 | +€15,824 | +13.8% |
| Financial charges | 65/66B | €422 | €501 | +€80 | +18.9% |
| Recurring financial charges | 65 | €422 | €501 | +€80 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €114,284 | €130,028 | +€15,745 | +13.8% |
| Income taxes | 67/77 | €30,902 | €34,237 | +€3,335 | +10.8% |
| Profit (loss) for the period | 9904 | €83,382 | €95,792 | +€12,410 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,382 | €95,792 | +€12,410 | +14.9% |
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 24 October 2026 via checked.be.