O_tec: what changed
Two fiscal 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_tec
Largest movements
- Cash -€18,232
down €18,232 (-51.5%), from €35,400 to €17,168
mainly Other debts (-€37,021) and Debts after one year (-€17,760)
- Receivables within one year -€8,676
no longer reported in 2024 (was €8,676)
- Other debts -€37,021
down €37,021 (-94.6%), from €39,122 to €2,100
- Profit (loss) carried forward +€36,708
up €36,708 (+22.1%), from €165,880 to €202,588
- Debts after one year -€17,760
down €17,760 (-15.4%), from €115,369 to €97,610
- Tax, wage and social debts +€16,096
up €16,096 (+128.0%), from €12,577 to €28,673
- Current portion of long-term debt -€15,929
down €15,929 (-51.8%), from €30,752 to €14,822
- Gross operating margin +€22,332
up €22,332 (+50.5%), from €44,245 to €66,577
- Taxes +€5,226
up €5,226 (+56.3%), from €9,284 to €14,510
- Depreciation +€3,112
up €3,112 (+34.7%), from €8,960 to €12,072
- Financial charges +€1,162
up €1,162 (+1024.9%), from €113 to €1,276
- Other operating charges -€1,090
down €1,090 (-31.8%), from €3,427 to €2,337
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,003 | €376,510 | -€27,493 | -6.8% |
| Fixed assets | 21/28 | €359,927 | €359,342 | -€585 | -0.2% |
| Tangible fixed assets | 22/27 | €359,927 | €359,342 | -€585 | -0.2% |
| Land and buildings | 22 | €359,345 | €351,226 | -€8,119 | -2.3% |
| Plant, machinery and equipment | 23 | €583 | €647 | +€64 | +11.0% |
| Furniture and vehicles | 24 | - | €7,470 | +€7,470 | |
| Current assets | 29/58 | €44,076 | €17,168 | -€26,908 | -61.0% |
| Amounts receivable within one year | 40/41 | €8,676 | - | -€8,676 | |
| Trade receivables | 40 | €8,676 | - | -€8,676 | |
| Cash at bank and in hand | 54/58 | €35,400 | €17,168 | -€18,232 | -51.5% |
| Total equity and liabilities | 10/49 | €404,003 | €376,510 | -€27,493 | -6.8% |
| Equity | 10/15 | €196,451 | €233,159 | +€36,708 | +18.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,572 | €27,572 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,440 | €17,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,440 | €17,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,132 | €10,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,880 | €202,588 | +€36,708 | +22.1% |
| Amounts payable | 17/49 | €207,551 | €143,351 | -€64,201 | -30.9% |
| Amounts payable after more than one year | 17 | €115,369 | €97,610 | -€17,760 | -15.4% |
| Financial debts | 170/4 | €115,369 | €97,610 | -€17,760 | -15.4% |
| Amounts payable within one year | 42/48 | €92,182 | €45,741 | -€46,441 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €30,752 | €14,822 | -€15,929 | -51.8% |
| Trade debts | 44 | €9,732 | €145 | -€9,587 | -98.5% |
| Suppliers | 440/4 | €9,732 | €145 | -€9,587 | -98.5% |
| Taxes, remuneration and social security | 45 | €12,577 | €28,673 | +€16,096 | +128.0% |
| Taxes | 450/3 | €12,577 | €28,673 | +€16,096 | +128.0% |
| Other amounts payable | 47/48 | €39,122 | €2,100 | -€37,021 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,960 | €12,072 | +€3,112 | +34.7% |
| Other operating charges | 640/8 | €3,427 | €2,337 | -€1,090 | -31.8% |
| Gross operating margin | 9900 | €44,245 | €66,577 | +€22,332 | +50.5% |
| Operating profit (loss) | 9901 | €31,859 | €52,168 | +€20,310 | +63.8% |
| Financial income | 75/76B | - | €326 | +€326 | |
| Recurring financial income | 75 | - | €326 | +€326 | |
| Financial charges | 65/66B | €113 | €1,276 | +€1,162 | +1024.9% |
| Recurring financial charges | 65 | €113 | €1,276 | +€1,162 | +1024.9% |
| Profit (loss) for the period before taxes | 9903 | €31,745 | €51,218 | +€19,473 | +61.3% |
| Income taxes | 67/77 | €9,284 | €14,510 | +€5,226 | +56.3% |
| Profit (loss) for the period | 9904 | €22,461 | €36,708 | +€14,247 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,461 | €36,708 | +€14,247 | +63.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.