O.T.C. HOLDING: 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.
What changed
O.T.C. HOLDING
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€6.7m
31-12-2024 · €2.3m+€4.5m
Equity
€13.4m
31-12-2024 · €13.2m+€131,191
Cash
€1.1m
31-12-2024 · €637,885+€501,321
Balance sheet total
€13.5m
31-12-2024 · €13.3m+€197,381
Largest movements
Assets
- Cash +€501,321
up €501,321 (+78.6%), from €637,885 to €1.1m
mainly Net result for the year (+€6.7m) and Investment in fixed assets (net) (+€299,213)
- Tangible fixed assets -€329,369
down €329,369 (-80.4%), from €409,884 to €80,515
of which Assets under construction and advance payments: -€239,484
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€4.0m
up €4.0m (+138%), from €2.9m to €6.9m
- Financial charges -€587,647
down €587,647 (-99.9%), from €588,506 to €859
of which Non-recurring financial charges: -€579,432
- Services and other goods -€161,598
down €161,598 (-18.2%), from €889,153 to €727,555
- Other operating income -€144,166
down €144,166 (-10.4%), from €1.4m to €1.2m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€2.3m
Staff costs
-€49,525
Depreciation
-€3,653
Other operating charges
-€494
Other operating items
-€81,812
Financial income
+€4.0m
Financial charges
+€587,647
Taxes
-€78
Result 31-12-2025
€6.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.8m
Investment
+€299,213
Financing
-€6.6m
Cash 31-12-2024
€637,885
From operations (derived)
+€6.8m
Net result for the year
+€6.7m
Depreciation
+€30,156
Receivables within one year
-€24,827
Deferred charges and accrued income
-€602
Trade debts
+€24,777
Tax, wage and social debts
+€41,413
Investment (derived)
+€299,213
Investment in fixed assets (net)
+€299,213
Financing
-€6.6m
Contributions, distributions and other
-€6.6m
Cash 31-12-2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,295,413 | €13,492,793 | +€197,381 | +1.5% |
| Fixed assets | 21/28 | €12,656,443 | €12,327,074 | -€329,369 | -2.6% |
| Tangible fixed assets | 22/27 | €409,884 | €80,515 | -€329,369 | -80.4% |
| Land and buildings | 22 | €60,516 | - | -€60,516 | |
| Plant, machinery and equipment | 23 | €1,705 | €1,235 | -€470 | -27.6% |
| Furniture and vehicles | 24 | €108,179 | €79,280 | -€28,899 | -26.7% |
| Assets under construction and advance payments | 27 | €239,484 | - | -€239,484 | |
| Financial fixed assets | 28 | €12,246,559 | €12,246,559 | = | 0.0% |
| Affiliated companies | 280/1 | €8,549,310 | €8,549,310 | = | 0.0% |
| Participating interests | 280 | €8,549,310 | €8,549,310 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,362,112 | €3,362,112 | = | 0.0% |
| Participating interests | 282 | €3,362,112 | €3,362,112 | = | 0.0% |
| Other financial fixed assets | 284/8 | €335,137 | €335,137 | = | 0.0% |
| Shares | 284 | €335,137 | €335,137 | = | 0.0% |
| Current assets | 29/58 | €638,970 | €1,165,720 | +€526,750 | +82.4% |
| Amounts receivable within one year | 40/41 | €30 | €24,857 | +€24,827 | +81,452% |
| Trade receivables | 40 | - | €23,107 | +€23,107 | |
| Other amounts receivable | 41 | €30 | €1,750 | +€1,720 | +5,641% |
| Cash at bank and in hand | 54/58 | €637,885 | €1,139,206 | +€501,321 | +78.6% |
| Deferred charges and accrued income | 490/1 | €1,054 | €1,656 | +€602 | +57.1% |
| Total equity and liabilities | 10/49 | €13,295,413 | €13,492,793 | +€197,381 | +1.5% |
| Equity | 10/15 | €13,237,532 | €13,368,723 | +€131,191 | +1.0% |
| Contributions | 10/11 | €6,010,000 | €6,010,000 | = | 0.0% |
| Capital | 10 | €6,010,000 | €6,010,000 | = | 0.0% |
| Issued capital | 100 | €6,010,000 | €6,010,000 | = | 0.0% |
| Reserves | 13 | €601,000 | €601,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €601,000 | €601,000 | = | 0.0% |
| Legal reserve | 130 | €601,000 | €601,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,626,532 | €6,757,723 | +€131,191 | +2.0% |
| Amounts payable | 17/49 | €57,881 | €124,071 | +€66,190 | +114% |
| Amounts payable within one year | 42/48 | €57,881 | €124,071 | +€66,190 | +114% |
| Trade debts | 44 | €7,113 | €31,890 | +€24,777 | +348% |
| Suppliers | 440/4 | €7,113 | €31,890 | +€24,777 | +348% |
| Taxes, remuneration and social security | 45 | €50,768 | €92,181 | +€41,413 | +81.6% |
| Taxes | 450/3 | - | €43,002 | +€43,002 | |
| Remuneration and social security | 454/9 | €50,768 | €49,179 | -€1,589 | -3.1% |
| Operating income | 70/76A | €1,381,544 | €1,237,378 | -€144,166 | -10.4% |
| Other operating income | 74 | €1,381,544 | €1,237,378 | -€144,166 | -10.4% |
| Operating charges | 60/66A | €1,440,681 | €1,431,999 | -€8,683 | -0.6% |
| Services and other goods | 61 | €889,153 | €727,555 | -€161,598 | -18.2% |
| Remuneration, social security and pensions | 62 | €523,692 | €573,217 | +€49,525 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,503 | €30,156 | +€3,653 | +13.8% |
| Other operating charges | 640/8 | €1,334 | €1,827 | +€494 | +37.0% |
| Non-recurring operating charges | 66A | - | €99,244 | +€99,244 | |
| Operating profit (loss) | 9901 | -€59,138 | -€194,621 | -€135,483 | -229% |
| Financial income | 75/76B | €2,912,508 | €6,927,919 | +€4.0m | +138% |
| Recurring financial income | 75 | €2,912,508 | €6,927,919 | +€4.0m | +138% |
| Income from financial fixed assets | 750 | €2,884,059 | €6,917,412 | +€4.0m | +140% |
| Income from current assets | 751 | €28,449 | €10,507 | -€17,942 | -63.1% |
| Financial charges | 65/66B | €588,506 | €859 | -€587,647 | -99.9% |
| Recurring financial charges | 65 | €9,074 | €859 | -€8,214 | -90.5% |
| Debt charges | 650 | €8,500 | €70 | -€8,430 | -99.2% |
| Other financial charges | 652/9 | €573 | €789 | +€216 | +37.6% |
| Non-recurring financial charges | 66B | €579,432 | - | -€579,432 | |
| Profit (loss) for the period before taxes | 9903 | €2,264,864 | €6,732,439 | +€4.5m | +197% |
| Income taxes | 67/77 | €1,170 | €1,248 | +€78 | +6.7% |
| Taxes | 670/3 | €1,200 | €2,998 | +€1,798 | +150% |
| Tax adjustments and reversals of tax provisions | 77 | €30 | €1,750 | +€1,720 | +5,641% |
| Profit (loss) for the period | 9904 | €2,263,695 | €6,731,191 | +€4.5m | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €2,263,695 | €6,731,191 | +€4.5m | +197% |
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 31 October 2026 via checked.be.