K. OTTELOHE: 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.
K. OTTELOHE
Largest movements
- Receivables within one year -€27,087
down €27,087 (-86.5%), from €31,299 to €4,212
of which Trade receivables: -€29,445
- Current investments +€8,342
up €8,342 (+13.2%), from €63,161 to €71,503
- Tangible fixed assets -€6,086
down €6,086 (-85.7%), from €7,101 to €1,016
of which Furniture and vehicles: -€4,566
- Cash -€1,264
down €1,264 (-17.7%), from €7,128 to €5,864
mainly Trade debts (-€14,804) and Current investments (-€8,342)
- Trade debts -€14,804
down €14,804 (-98.9%), from €14,975 to €171
- Other debts -€6,444
down €6,444 (-41.9%), from €15,366 to €8,922
- Tax, wage and social debts -€3,789
down €3,789 (-36.1%), from €10,482 to €6,693
- Gross operating margin +€1,853
up €1,853 (+63.1%), from €2,936 to €4,790
- Staff costs +€727
up €727, from -€332 to €395
- Taxes +€724
up €724 (+167%), from €434 to €1,158
- Financial income -€708
down €708 (-52.4%), from €1,352 to €644
- Other operating charges -€411
down €411 (-14.5%), from €2,829 to €2,418
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 | €108,689 | €82,595 | -€26,094 | -24.0% |
| Fixed assets | 21/28 | €7,101 | €1,016 | -€6,086 | -85.7% |
| Tangible fixed assets | 22/27 | €7,101 | €1,016 | -€6,086 | -85.7% |
| Plant, machinery and equipment | 23 | €2,535 | €1,016 | -€1,519 | -59.9% |
| Furniture and vehicles | 24 | €4,566 | €0 | -€4,566 | -100% |
| Current assets | 29/58 | €101,588 | €81,579 | -€20,009 | -19.7% |
| Amounts receivable within one year | 40/41 | €31,299 | €4,212 | -€27,087 | -86.5% |
| Trade receivables | 40 | €29,711 | €266 | -€29,445 | -99.1% |
| Other amounts receivable | 41 | €1,588 | €3,945 | +€2,358 | +149% |
| Current investments | 50/53 | €63,161 | €71,503 | +€8,342 | +13.2% |
| Cash at bank and in hand | 54/58 | €7,128 | €5,864 | -€1,264 | -17.7% |
| Total equity and liabilities | 10/49 | €108,689 | €82,595 | -€26,094 | -24.0% |
| Equity | 10/15 | €67,013 | €66,723 | -€290 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,613 | €54,613 | = | 0.0% |
| Distributable reserves | 133 | €54,613 | €54,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€290 | -€290 | |
| Amounts payable | 17/49 | €41,676 | €15,872 | -€25,805 | -61.9% |
| Amounts payable within one year | 42/48 | €41,676 | €15,872 | -€25,805 | -61.9% |
| Financial debts | 43 | €854 | €87 | -€767 | -89.9% |
| Credit institutions | 430/8 | €854 | €87 | -€767 | -89.9% |
| Trade debts | 44 | €14,975 | €171 | -€14,804 | -98.9% |
| Suppliers | 440/4 | €14,975 | €171 | -€14,804 | -98.9% |
| Taxes, remuneration and social security | 45 | €10,482 | €6,693 | -€3,789 | -36.1% |
| Taxes | 450/3 | €10,482 | €6,693 | -€3,789 | -36.1% |
| Other amounts payable | 47/48 | €15,366 | €8,922 | -€6,444 | -41.9% |
| Remuneration, social security and pensions | 62 | -€332 | €395 | +€727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €1,519 | = | 0.0% |
| Other operating charges | 640/8 | €2,829 | €2,418 | -€411 | -14.5% |
| Non-recurring operating charges | 66A | €6,400 | €0 | -€6,400 | -100% |
| Gross operating margin | 9900 | €2,936 | €4,790 | +€1,853 | +63.1% |
| Operating profit (loss) | 9901 | -€7,480 | €457 | +€7,937 | |
| Financial income | 75/76B | €1,352 | €644 | -€708 | -52.4% |
| Recurring financial income | 75 | €1,352 | €644 | -€708 | -52.4% |
| Financial charges | 65/66B | €194 | €233 | +€39 | +20.3% |
| Recurring financial charges | 65 | €194 | €233 | +€39 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,322 | €868 | +€7,190 | |
| Income taxes | 67/77 | €434 | €1,158 | +€724 | +167% |
| Profit (loss) for the period | 9904 | -€6,755 | -€290 | +€6,466 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,755 | -€290 | +€6,466 | +95.7% |
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 17 October 2026 via checked.be.