O.T.H: 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.
O.T.H
Largest movements
- Receivables within one year +€71,490
up €71,490 (+451%), from €15,840 to €87,330
of which Trade receivables: +€67,555
- Cash +€14,276
up €14,276 (+6.5%), from €219,824 to €234,100
mainly Other debts (+€221,868) and Net result for the year (+€69,332)
- Other debts +€221,868
up €221,868 (+2,764%), from €8,026 to €229,894
- Profit (loss) carried forward -€150,668
down €150,668 (-94.9%), from €158,792 to €8,123
- Trade debts +€24,421
up €24,421 (+97.1%), from €25,153 to €49,574
- Tax, wage and social debts -€10,638
down €10,638 (-23.7%), from €44,822 to €34,185
- Gross operating margin +€17,300
up €17,300 (+25.0%), from €69,257 to €86,557
- Taxes +€1,694
up €1,694 (+11.0%), from €15,400 to €17,094
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 | €240,170 | €324,776 | +€84,607 | +35.2% |
| Fixed assets | 21/28 | €4,506 | €3,288 | -€1,218 | -27.0% |
| Tangible fixed assets | 22/27 | €4,506 | €3,288 | -€1,218 | -27.0% |
| Furniture and vehicles | 24 | €4,506 | €3,288 | -€1,218 | -27.0% |
| Current assets | 29/58 | €235,664 | €321,488 | +€85,824 | +36.4% |
| Amounts receivable within one year | 40/41 | €15,840 | €87,330 | +€71,490 | +451% |
| Trade receivables | 40 | €15,840 | €83,396 | +€67,555 | +426% |
| Other amounts receivable | 41 | - | €3,935 | +€3,935 | |
| Cash at bank and in hand | 54/58 | €219,824 | €234,100 | +€14,276 | +6.5% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €240,170 | €324,776 | +€84,607 | +35.2% |
| Equity | 10/15 | €161,792 | €11,123 | -€150,668 | -93.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,792 | €8,123 | -€150,668 | -94.9% |
| Amounts payable | 17/49 | €78,378 | €313,653 | +€235,275 | +300% |
| Amounts payable within one year | 42/48 | €78,002 | €313,653 | +€235,651 | +302% |
| Trade debts | 44 | €25,153 | €49,574 | +€24,421 | +97.1% |
| Suppliers | 440/4 | €25,153 | €49,574 | +€24,421 | +97.1% |
| Taxes, remuneration and social security | 45 | €44,822 | €34,185 | -€10,638 | -23.7% |
| Taxes | 450/3 | €44,822 | €34,185 | -€10,638 | -23.7% |
| Other amounts payable | 47/48 | €8,026 | €229,894 | +€221,868 | +2,764% |
| Accrued charges and deferred income | 492/3 | €376 | €0 | -€376 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,218 | -€2 | -0.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €69,257 | €86,557 | +€17,300 | +25.0% |
| Operating profit (loss) | 9901 | €68,038 | €84,939 | +€16,902 | +24.8% |
| Financial income | 75/76B | €1,565 | €1,658 | +€93 | +5.9% |
| Recurring financial income | 75 | €1,565 | €1,658 | +€93 | +5.9% |
| Financial charges | 65/66B | €448 | €172 | -€276 | -61.6% |
| Recurring financial charges | 65 | €448 | €172 | -€276 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €69,155 | €86,425 | +€17,270 | +25.0% |
| Income taxes | 67/77 | €15,400 | €17,094 | +€1,694 | +11.0% |
| Profit (loss) for the period | 9904 | €53,755 | €69,332 | +€15,576 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,755 | €69,332 | +€15,576 | +29.0% |
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 29 October 2026 via checked.be.