O.T.S.: 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.S.
Largest movements
- Stocks and contracts +€34,211
up €34,211 (+85.3%), from €40,110 to €74,321
- Receivables within one year -€34,078
down €34,078 (-35.1%), from €96,952 to €62,874
of which Trade receivables: -€27,620
- Tangible fixed assets -€29,691
down €29,691 (-26.6%), from €111,694 to €82,003
of which Furniture and vehicles: -€28,200
- Deferred charges and accrued income -€7,676
down €7,676 (-25.6%), from €29,999 to €22,324
- Reserves +€27,140
up €27,140 (+32.6%), from €83,360 to €110,500
of which Distributable reserves: +€29,000
- Trade debts -€16,527
down €16,527 (-23.2%), from €71,104 to €54,577
- Accrued charges and deferred income -€13,750
down €13,750 (-66.7%), from €20,600 to €6,850
- Short-term financial debts -€9,182
down €9,182 (-68.4%), from €13,422 to €4,240
- Tax, wage and social debts -€8,112
down €8,112 (-46.4%), from €17,500 to €9,388
of which Taxes: -€12,747
- Gross operating margin -€36,668
down €36,668 (-29.7%), from €123,288 to €86,619
- Taxes -€12,620
down €12,620 (-45.8%), from €27,535 to €14,916
- Depreciation +€2,749
up €2,749 (+9.3%), from €29,663 to €32,411
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 | €285,555 | €247,109 | -€38,445 | -13.5% |
| Fixed assets | 21/28 | €116,944 | €87,253 | -€29,691 | -25.4% |
| Tangible fixed assets | 22/27 | €111,694 | €82,003 | -€29,691 | -26.6% |
| Plant, machinery and equipment | 23 | €1,677 | €2,264 | +€587 | +35.0% |
| Furniture and vehicles | 24 | €100,801 | €72,602 | -€28,200 | -28.0% |
| Other tangible fixed assets | 26 | €9,216 | €7,138 | -€2,078 | -22.5% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €168,611 | €159,856 | -€8,755 | -5.2% |
| Stocks and contracts in progress | 3 | €40,110 | €74,321 | +€34,211 | +85.3% |
| Stocks | 30/36 | €40,110 | €74,321 | +€34,211 | +85.3% |
| Amounts receivable within one year | 40/41 | €96,952 | €62,874 | -€34,078 | -35.1% |
| Trade receivables | 40 | €74,631 | €47,011 | -€27,620 | -37.0% |
| Other amounts receivable | 41 | €22,321 | €15,863 | -€6,458 | -28.9% |
| Cash at bank and in hand | 54/58 | €1,549 | €337 | -€1,212 | -78.2% |
| Deferred charges and accrued income | 490/1 | €29,999 | €22,324 | -€7,676 | -25.6% |
| Total equity and liabilities | 10/49 | €285,555 | €247,109 | -€38,445 | -13.5% |
| Equity | 10/15 | €110,072 | €129,253 | +€19,181 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,360 | €110,500 | +€27,140 | +32.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €81,500 | €110,500 | +€29,000 | +35.6% |
| Profit (loss) carried forward | 14 | €8,112 | €153 | -€7,959 | -98.1% |
| Amounts payable | 17/49 | €175,482 | €117,856 | -€57,626 | -32.8% |
| Amounts payable after more than one year | 17 | €17,448 | €9,765 | -€7,683 | -44.0% |
| Financial debts | 170/4 | €17,448 | €9,765 | -€7,683 | -44.0% |
| Amounts payable within one year | 42/48 | €137,434 | €101,241 | -€36,193 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €7,570 | €7,683 | +€113 | +1.5% |
| Financial debts | 43 | €13,422 | €4,240 | -€9,182 | -68.4% |
| Credit institutions | 430/8 | €13,422 | €4,240 | -€9,182 | -68.4% |
| Trade debts | 44 | €71,104 | €54,577 | -€16,527 | -23.2% |
| Suppliers | 440/4 | €71,104 | €54,577 | -€16,527 | -23.2% |
| Advances received on contracts in progress | 46 | €1,025 | - | -€1,025 | |
| Taxes, remuneration and social security | 45 | €17,500 | €9,388 | -€8,112 | -46.4% |
| Taxes | 450/3 | €17,500 | €4,753 | -€12,747 | -72.8% |
| Remuneration and social security | 454/9 | - | €4,635 | +€4,635 | |
| Other amounts payable | 47/48 | €26,813 | €25,353 | -€1,460 | -5.4% |
| Accrued charges and deferred income | 492/3 | €20,600 | €6,850 | -€13,750 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,663 | €32,411 | +€2,749 | +9.3% |
| Other operating charges | 640/8 | €8,224 | €7,214 | -€1,010 | -12.3% |
| Gross operating margin | 9900 | €123,288 | €86,619 | -€36,668 | -29.7% |
| Operating profit (loss) | 9901 | €85,401 | €46,994 | -€38,407 | -45.0% |
| Financial income | 75/76B | €326 | €196 | -€130 | -39.8% |
| Recurring financial income | 75 | €326 | €196 | -€130 | -39.8% |
| Financial charges | 65/66B | €3,029 | €2,094 | -€936 | -30.9% |
| Recurring financial charges | 65 | €3,029 | €2,094 | -€936 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €82,697 | €45,097 | -€37,601 | -45.5% |
| Income taxes | 67/77 | €27,535 | €14,916 | -€12,620 | -45.8% |
| Profit (loss) for the period | 9904 | €55,162 | €30,181 | -€24,981 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,162 | €30,181 | -€24,981 | -45.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.