O-TES: 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-TES
Largest movements
- Tangible fixed assets -€16,699
down €16,699 (-44.8%), from €37,275 to €20,575
of which Leasing and similar rights: -€14,700
- Cash -€4,937
down €4,937 (-100%), from €4,937 to €0
mainly Debts after one year (-€15,194) and Net result for the year (-€5,459)
- Deferred charges and accrued income +€1,377
new in 2025: €1,377
- Receivables within one year +€1,351
up €1,351 (+9.6%), from €14,064 to €15,416
of which Other amounts receivable: +€1,866
- Debts after one year -€15,194
no longer reported in 2025 (was €15,194)
- Profit (loss) carried forward -€5,459
down €5,459 (-136%), from -€4,022 to -€9,481
- Tax, wage and social debts -€4,621
no longer reported in 2025 (was €4,621)
of which Remuneration and social security: -€3,621
- Trade debts +€4,168
up €4,168 (+78.5%), from €5,310 to €9,479
- Other debts +€3,029
up €3,029, from €0 to €3,029
- Other operating charges -€16,054
down €16,054 (-99.1%), from €16,195 to €141
- Gross operating margin -€8,515
down €8,515 (-32.8%), from €25,967 to €17,451
- Financial charges +€4,009
up €4,009 (+249%), from €1,609 to €5,618
- Depreciation -€348
down €348 (-2.0%), from €17,047 to €16,699
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 | €56,276 | €37,368 | -€18,908 | -33.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €37,275 | €20,575 | -€16,699 | -44.8% |
| Tangible fixed assets | 22/27 | €37,275 | €20,575 | -€16,699 | -44.8% |
| Plant, machinery and equipment | 23 | €1,621 | €531 | -€1,090 | -67.2% |
| Furniture and vehicles | 24 | €1,565 | €1,317 | -€248 | -15.8% |
| Leasing and similar rights | 25 | €33,427 | €18,727 | -€14,700 | -44.0% |
| Other tangible fixed assets | 26 | €662 | €0 | -€662 | -100% |
| Current assets | 29/58 | €19,002 | €16,793 | -€2,209 | -11.6% |
| Amounts receivable within one year | 40/41 | €14,064 | €15,416 | +€1,351 | +9.6% |
| Trade receivables | 40 | €8,622 | €8,108 | -€515 | -6.0% |
| Other amounts receivable | 41 | €5,442 | €7,308 | +€1,866 | +34.3% |
| Cash at bank and in hand | 54/58 | €4,937 | €0 | -€4,937 | -100% |
| Deferred charges and accrued income | 490/1 | - | €1,377 | +€1,377 | |
| Total equity and liabilities | 10/49 | €56,276 | €37,368 | -€18,908 | -33.6% |
| Equity | 10/15 | €15,126 | €9,666 | -€5,459 | -36.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,947 | €12,947 | = | 0.0% |
| Distributable reserves | 133 | €12,947 | €12,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,022 | -€9,481 | -€5,459 | -136% |
| Amounts payable | 17/49 | €41,151 | €27,702 | -€13,449 | -32.7% |
| Amounts payable after more than one year | 17 | €15,194 | - | -€15,194 | |
| Financial debts | 170/4 | €15,194 | - | -€15,194 | |
| Amounts payable within one year | 42/48 | €25,957 | €27,702 | +€1,745 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €16,025 | €15,194 | -€831 | -5.2% |
| Trade debts | 44 | €5,310 | €9,479 | +€4,168 | +78.5% |
| Suppliers | 440/4 | €5,310 | €9,479 | +€4,168 | +78.5% |
| Taxes, remuneration and social security | 45 | €4,621 | - | -€4,621 | |
| Taxes | 450/3 | €1,001 | - | -€1,001 | |
| Remuneration and social security | 454/9 | €3,621 | - | -€3,621 | |
| Other amounts payable | 47/48 | €0 | €3,029 | +€3,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,047 | €16,699 | -€348 | -2.0% |
| Other operating charges | 640/8 | €16,195 | €141 | -€16,054 | -99.1% |
| Non-recurring operating charges | 66A | - | €712 | +€712 | |
| Gross operating margin | 9900 | €25,967 | €17,451 | -€8,515 | -32.8% |
| Operating profit (loss) | 9901 | -€7,276 | -€101 | +€7,175 | +98.6% |
| Financial income | 75/76B | - | €259 | +€259 | |
| Recurring financial income | 75 | - | €259 | +€259 | |
| Financial charges | 65/66B | €1,609 | €5,618 | +€4,009 | +249% |
| Recurring financial charges | 65 | €1,609 | €5,618 | +€4,009 | +249% |
| Profit (loss) for the period before taxes | 9903 | -€8,884 | -€5,459 | +€3,425 | +38.6% |
| Profit (loss) for the period | 9904 | -€8,884 | -€5,459 | +€3,425 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,884 | -€5,459 | +€3,425 | +38.6% |
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 16 October 2026 via checked.be.