O.T. PROJECTS: 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. PROJECTS
Largest movements
- Receivables within one year +€101,382
up €101,382 (+160%), from €63,424 to €164,806
of which Other amounts receivable: +€93,555
- Cash -€37,473
down €37,473 (-20.1%), from €186,079 to €148,607
mainly Receivables within one year (-€101,382) and Trade debts (-€36,670)
- Tangible fixed assets -€8,139
down €8,139 (-8.6%), from €94,346 to €86,207
of which Land and buildings: -€7,701
- Reserves +€37,000
up €37,000 (+32.7%), from €113,150 to €150,150
of which Distributable reserves: +€37,000
- Trade debts -€36,670
down €36,670 (-26.1%), from €140,506 to €103,837
- Other debts +€29,069
up €29,069 (+3,123%), from €931 to €30,000
- Tax, wage and social debts +€26,930
up €26,930 (+52.1%), from €51,653 to €78,583
of which Taxes: +€18,460
- Short-term financial debts -€4,325
down €4,325 (-100%), from €4,325 to €0
- Gross operating margin +€60,994
up €60,994 (+24.7%), from €246,915 to €307,910
- Taxes +€20,951
up €20,951 (+123%), from €16,997 to €37,949
- Staff costs +€13,094
up €13,094 (+7.7%), from €170,004 to €183,099
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 | €349,918 | €402,817 | +€52,900 | +15.1% |
| Fixed assets | 21/28 | €95,425 | €87,286 | -€8,139 | -8.5% |
| Tangible fixed assets | 22/27 | €94,346 | €86,207 | -€8,139 | -8.6% |
| Land and buildings | 22 | €81,492 | €73,791 | -€7,701 | -9.5% |
| Furniture and vehicles | 24 | €12,854 | €12,416 | -€438 | -3.4% |
| Financial fixed assets | 28 | €1,079 | €1,079 | = | 0.0% |
| Current assets | 29/58 | €254,492 | €315,531 | +€61,039 | +24.0% |
| Amounts receivable within one year | 40/41 | €63,424 | €164,806 | +€101,382 | +160% |
| Trade receivables | 40 | €63,424 | €71,250 | +€7,827 | +12.3% |
| Other amounts receivable | 41 | - | €93,555 | +€93,555 | |
| Cash at bank and in hand | 54/58 | €186,079 | €148,607 | -€37,473 | -20.1% |
| Deferred charges and accrued income | 490/1 | €4,989 | €2,119 | -€2,871 | -57.5% |
| Total equity and liabilities | 10/49 | €349,918 | €402,817 | +€52,900 | +15.1% |
| Equity | 10/15 | €152,503 | €189,939 | +€37,436 | +24.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €113,150 | €150,150 | +€37,000 | +32.7% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €92,100 | €129,100 | +€37,000 | +40.2% |
| Profit (loss) carried forward | 14 | €20,803 | €21,239 | +€436 | +2.1% |
| Amounts payable | 17/49 | €197,415 | €212,879 | +€15,464 | +7.8% |
| Amounts payable within one year | 42/48 | €197,415 | €212,420 | +€15,005 | +7.6% |
| Financial debts | 43 | €4,325 | €0 | -€4,325 | -100% |
| Credit institutions | 430/8 | €4,325 | €0 | -€4,325 | -100% |
| Trade debts | 44 | €140,506 | €103,837 | -€36,670 | -26.1% |
| Suppliers | 440/4 | €140,506 | €103,837 | -€36,670 | -26.1% |
| Taxes, remuneration and social security | 45 | €51,653 | €78,583 | +€26,930 | +52.1% |
| Taxes | 450/3 | €27,482 | €45,942 | +€18,460 | +67.2% |
| Remuneration and social security | 454/9 | €24,170 | €32,641 | +€8,471 | +35.0% |
| Other amounts payable | 47/48 | €931 | €30,000 | +€29,069 | +3,123% |
| Accrued charges and deferred income | 492/3 | - | €459 | +€459 | |
| Remuneration, social security and pensions | 62 | €170,004 | €183,099 | +€13,094 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,031 | €14,892 | -€1,138 | -7.1% |
| Other operating charges | 640/8 | €2,258 | €3,025 | +€767 | +34.0% |
| Gross operating margin | 9900 | €246,915 | €307,910 | +€60,994 | +24.7% |
| Operating profit (loss) | 9901 | €58,622 | €106,894 | +€48,272 | +82.3% |
| Financial income | 75/76B | €1,709 | €38 | -€1,670 | -97.7% |
| Recurring financial income | 75 | €1,709 | €38 | -€1,670 | -97.7% |
| Financial charges | 65/66B | €1,451 | €1,548 | +€97 | +6.7% |
| Recurring financial charges | 65 | €1,451 | €1,548 | +€97 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €58,880 | €105,384 | +€46,505 | +79.0% |
| Income taxes | 67/77 | €16,997 | €37,949 | +€20,951 | +123% |
| Profit (loss) for the period | 9904 | €41,882 | €67,436 | +€25,553 | +61.0% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €0 | -€21,050 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €62,932 | €67,436 | +€4,503 | +7.2% |
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 27 October 2026 via checked.be.