O'Tentic: 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'Tentic
Largest movements
- Cash +€90,820
up €90,820 (+1,304%), from €6,965 to €97,785
mainly Net result for the year (+€232,922) and Receivables within one year (+€30,643)
- Receivables within one year -€30,643
down €30,643 (-5.8%), from €530,677 to €500,034
of which Trade receivables: -€26,185
- Profit (loss) carried forward +€52,921
up €52,921 (+13.6%), from €387,749 to €440,671
- Current portion of long-term debt -€15,183
down €15,183 (-23.3%), from €65,183 to €50,000
- Tax, wage and social debts +€13,370
up €13,370 (+16.4%), from €81,277 to €94,647
- Trade debts +€6,923
up €6,923 (+101%), from €6,823 to €13,747
- Gross operating margin +€49,843
up €49,843 (+19.1%), from €261,553 to €311,396
- Taxes +€17,101
up €17,101 (+28.7%), from €59,548 to €76,649
- Financial income +€9,617
up €9,617 (+8,437%), from €114 to €9,731
of which Non-recurring financial income: +€8,510
- Financial charges -€6,639
down €6,639 (-46.8%), from €14,176 to €7,537
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 | €562,594 | €620,370 | +€57,775 | +10.3% |
| Fixed assets | 21/28 | €22,628 | €19,522 | -€3,107 | -13.7% |
| Tangible fixed assets | 22/27 | €22,628 | €19,522 | -€3,107 | -13.7% |
| Plant, machinery and equipment | 23 | €520 | - | -€520 | |
| Furniture and vehicles | 24 | €11,030 | €8,443 | -€2,587 | -23.5% |
| Other tangible fixed assets | 26 | €11,078 | €11,078 | = | 0.0% |
| Current assets | 29/58 | €539,966 | €600,848 | +€60,882 | +11.3% |
| Amounts receivable within one year | 40/41 | €530,677 | €500,034 | -€30,643 | -5.8% |
| Trade receivables | 40 | €41,211 | €15,027 | -€26,185 | -63.5% |
| Other amounts receivable | 41 | €489,466 | €485,007 | -€4,459 | -0.9% |
| Cash at bank and in hand | 54/58 | €6,965 | €97,785 | +€90,820 | +1,304% |
| Deferred charges and accrued income | 490/1 | €2,324 | €3,030 | +€706 | +30.4% |
| Total equity and liabilities | 10/49 | €562,594 | €620,370 | +€57,775 | +10.3% |
| Equity | 10/15 | €408,209 | €461,131 | +€52,921 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,749 | €440,671 | +€52,921 | +13.6% |
| Amounts payable | 17/49 | €154,385 | €159,239 | +€4,854 | +3.1% |
| Amounts payable within one year | 42/48 | €154,385 | €159,239 | +€4,854 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €65,183 | €50,000 | -€15,183 | -23.3% |
| Financial debts | 43 | €1,101 | €846 | -€256 | -23.2% |
| Other loans | 439 | €1,101 | €846 | -€256 | -23.2% |
| Trade debts | 44 | €6,823 | €13,747 | +€6,923 | +101% |
| Suppliers | 440/4 | €6,823 | €13,747 | +€6,923 | +101% |
| Taxes, remuneration and social security | 45 | €81,277 | €94,647 | +€13,370 | +16.4% |
| Taxes | 450/3 | €81,277 | €94,647 | +€13,370 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,954 | €2,320 | -€635 | -21.5% |
| Other operating charges | 640/8 | €1,537 | €1,699 | +€162 | +10.5% |
| Gross operating margin | 9900 | €261,553 | €311,396 | +€49,843 | +19.1% |
| Operating profit (loss) | 9901 | €257,061 | €307,377 | +€50,316 | +19.6% |
| Financial income | 75/76B | €114 | €9,731 | +€9,617 | +8,437% |
| Recurring financial income | 75 | €114 | €1,221 | +€1,107 | +971% |
| Non-recurring financial income | 76B | - | €8,510 | +€8,510 | |
| Financial charges | 65/66B | €14,176 | €7,537 | -€6,639 | -46.8% |
| Recurring financial charges | 65 | €14,176 | €7,537 | -€6,639 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €242,999 | €309,571 | +€66,572 | +27.4% |
| Income taxes | 67/77 | €59,548 | €76,649 | +€17,101 | +28.7% |
| Profit (loss) for the period | 9904 | €183,451 | €232,922 | +€49,471 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,451 | €232,922 | +€49,471 | +27.0% |
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 14 October 2026 via checked.be.