WSA 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.
WSA Ortho
Largest movements
- Cash +€126,376
up €126,376 (+29.7%), from €425,525 to €551,901
mainly Other debts (+€518,270) and Net result for the year (+€84,438)
- Intangible fixed assets -€28,494
down €28,494 (-100%), from €28,494 to €0
- Receivables within one year -€5,797
down €5,797 (-46.7%), from €12,412 to €6,615
- Other debts +€518,270
up €518,270 (+7,622%), from €6,800 to €525,070
- Profit (loss) carried forward -€440,562
down €440,562 (-99.7%), from €441,676 to €1,114
- Tax, wage and social debts +€12,156
new in 2025: €12,156
- Financial charges -€62,063
down €62,063 (-93.2%), from €66,599 to €4,536
- Gross operating margin -€36,725
down €36,725 (-20.6%), from €178,506 to €141,781
- Depreciation -€28,696
down €28,696 (-49.3%), from €58,233 to €29,537
- Taxes +€12,770
up €12,770 (+112%), from €11,385 to €24,156
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 | €470,424 | €560,260 | +€89,837 | +19.1% |
| Fixed assets | 21/28 | €31,106 | €1,569 | -€29,537 | -95.0% |
| Intangible fixed assets | 21 | €28,494 | €0 | -€28,494 | -100% |
| Tangible fixed assets | 22/27 | €2,612 | €1,569 | -€1,043 | -39.9% |
| Plant, machinery and equipment | 23 | €1,740 | €1,007 | -€733 | -42.1% |
| Furniture and vehicles | 24 | €871 | €562 | -€310 | -35.5% |
| Current assets | 29/58 | €439,317 | €558,692 | +€119,374 | +27.2% |
| Amounts receivable within one year | 40/41 | €12,412 | €6,615 | -€5,797 | -46.7% |
| Other amounts receivable | 41 | €12,412 | €6,615 | -€5,797 | -46.7% |
| Cash at bank and in hand | 54/58 | €425,525 | €551,901 | +€126,376 | +29.7% |
| Deferred charges and accrued income | 490/1 | €1,380 | €176 | -€1,204 | -87.2% |
| Total equity and liabilities | 10/49 | €470,424 | €560,260 | +€89,837 | +19.1% |
| Equity | 10/15 | €462,136 | €21,574 | -€440,562 | -95.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €441,676 | €1,114 | -€440,562 | -99.7% |
| Amounts payable | 17/49 | €8,287 | €538,686 | +€530,399 | +6,400% |
| Amounts payable within one year | 42/48 | €8,287 | €538,686 | +€530,399 | +6,400% |
| Trade debts | 44 | €1,488 | €1,460 | -€28 | -1.8% |
| Suppliers | 440/4 | €1,488 | €1,460 | -€28 | -1.8% |
| Taxes, remuneration and social security | 45 | - | €12,156 | +€12,156 | |
| Taxes | 450/3 | - | €12,156 | +€12,156 | |
| Other amounts payable | 47/48 | €6,800 | €525,070 | +€518,270 | +7,622% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,233 | €29,537 | -€28,696 | -49.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €178,506 | €141,781 | -€36,725 | -20.6% |
| Operating profit (loss) | 9901 | €119,886 | €111,844 | -€8,042 | -6.7% |
| Financial income | 75/76B | - | €1,285 | +€1,285 | |
| Recurring financial income | 75 | - | €1,285 | +€1,285 | |
| Financial charges | 65/66B | €66,599 | €4,536 | -€62,063 | -93.2% |
| Recurring financial charges | 65 | €66,599 | €4,536 | -€62,063 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €53,287 | €108,594 | +€55,307 | +104% |
| Income taxes | 67/77 | €11,385 | €24,156 | +€12,770 | +112% |
| Profit (loss) for the period | 9904 | €41,901 | €84,438 | +€42,537 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €41,901 | €84,438 | +€42,537 | +102% |
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.