O.T.R.A.: 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.R.A.
Largest movements
- Cash +€175,210
up €175,210 (+48.2%), from €363,342 to €538,552
mainly Depreciation (+€183,881) and Trade debts (+€109,076)
- Tangible fixed assets -€126,965
down €126,965 (-14.6%), from €869,378 to €742,413
of which Plant, machinery and equipment: -€134,972
- Receivables within one year -€56,333
down €56,333 (-31.0%), from €181,699 to €125,366
of which Trade receivables: -€53,189
- Debts after one year -€162,661
down €162,661 (-24.1%), from €675,635 to €512,974
- Trade debts +€109,076
up €109,076 (+38.9%), from €280,609 to €389,685
- Tax, wage and social debts +€37,405
up €37,405 (+65.1%), from €57,473 to €94,878
of which Remuneration and social security: +€32,276
- Staff costs +€21,362
up €21,362 (+5.2%), from €413,555 to €434,917
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 | €1,476,377 | €1,474,593 | -€1,785 | -0.1% |
| Fixed assets | 21/28 | €891,072 | €756,852 | -€134,220 | -15.1% |
| Intangible fixed assets | 21 | €21,099 | €13,844 | -€7,255 | -34.4% |
| Tangible fixed assets | 22/27 | €869,378 | €742,413 | -€126,965 | -14.6% |
| Plant, machinery and equipment | 23 | €733,736 | €598,764 | -€134,972 | -18.4% |
| Furniture and vehicles | 24 | €61,870 | €36,420 | -€25,450 | -41.1% |
| Other tangible fixed assets | 26 | €73,772 | €107,229 | +€33,458 | +45.4% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €585,306 | €717,741 | +€132,435 | +22.6% |
| Stocks and contracts in progress | 3 | €17,321 | €17,780 | +€459 | +2.6% |
| Stocks | 30/36 | €17,321 | €17,780 | +€459 | +2.6% |
| Amounts receivable within one year | 40/41 | €181,699 | €125,366 | -€56,333 | -31.0% |
| Trade receivables | 40 | €77,009 | €23,820 | -€53,189 | -69.1% |
| Other amounts receivable | 41 | €104,690 | €101,546 | -€3,143 | -3.0% |
| Cash at bank and in hand | 54/58 | €363,342 | €538,552 | +€175,210 | +48.2% |
| Deferred charges and accrued income | 490/1 | €22,944 | €36,043 | +€13,099 | +57.1% |
| Total equity and liabilities | 10/49 | €1,476,377 | €1,474,593 | -€1,785 | -0.1% |
| Equity | 10/15 | €269,318 | €261,150 | -€8,168 | -3.0% |
| Contributions | 10/11 | €347,000 | €347,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,682 | -€85,850 | -€8,168 | -10.5% |
| Amounts payable | 17/49 | €1,207,059 | €1,213,443 | +€6,384 | +0.5% |
| Amounts payable after more than one year | 17 | €675,635 | €512,974 | -€162,661 | -24.1% |
| Financial debts | 170/4 | €675,635 | €512,974 | -€162,661 | -24.1% |
| Amounts payable within one year | 42/48 | €531,424 | €700,469 | +€169,045 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €170,884 | €175,429 | +€4,545 | +2.7% |
| Financial debts | 43 | - | €10,576 | +€10,576 | |
| Credit institutions | 430/8 | - | €10,576 | +€10,576 | |
| Trade debts | 44 | €280,609 | €389,685 | +€109,076 | +38.9% |
| Suppliers | 440/4 | €280,609 | €389,685 | +€109,076 | +38.9% |
| Taxes, remuneration and social security | 45 | €57,473 | €94,878 | +€37,405 | +65.1% |
| Taxes | 450/3 | €8,790 | €13,919 | +€5,129 | +58.4% |
| Remuneration and social security | 454/9 | €48,683 | €80,959 | +€32,276 | +66.3% |
| Other amounts payable | 47/48 | €22,458 | €29,902 | +€7,444 | +33.1% |
| Non-recurring operating income | 76A | €26,951 | - | -€26,951 | |
| Remuneration, social security and pensions | 62 | €413,555 | €434,917 | +€21,362 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,709 | €183,881 | +€3,172 | +1.8% |
| Other operating charges | 640/8 | €1,961 | €5,587 | +€3,626 | +185% |
| Gross operating margin | 9900 | €649,333 | €647,113 | -€2,221 | -0.3% |
| Operating profit (loss) | 9901 | €53,109 | €22,727 | -€30,382 | -57.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €34,044 | €30,566 | -€3,478 | -10.2% |
| Recurring financial charges | 65 | €34,044 | €30,566 | -€3,478 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €19,065 | -€7,838 | -€26,903 | |
| Income taxes | 67/77 | €350 | €330 | -€20 | -5.7% |
| Profit (loss) for the period | 9904 | €18,715 | -€8,168 | -€26,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,715 | -€8,168 | -€26,883 |
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.