OETMAN: 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.
OETMAN
Largest movements
- Cash +€119,888
up €119,888 (+115.7%), from €103,645 to €223,533
mainly Net result for the year (+€90,172) and Tax, wage and social debts (+€47,629)
- Tangible fixed assets +€11,316
up €11,316 (+21.8%), from €51,811 to €63,126
of which Land and buildings: +€12,114
- Deferred charges and accrued income +€4,920
up €4,920 (+480.1%), from €1,025 to €5,945
- Receivables within one year +€4,177
up €4,177 (+34.8%), from €12,014 to €16,191
of which Other amounts receivable: +€2,768
- Reserves +€90,172
up €90,172 (+83.0%), from €108,603 to €198,775
- Tax, wage and social debts +€47,629
up €47,629 (+80.5%), from €59,201 to €106,830
of which Taxes: +€30,370
- Staff costs +€127,569
up €127,569 (+65.0%), from €196,119 to €323,688
- Gross operating margin +€100,524
up €100,524 (+27.2%), from €369,262 to €469,787
- Taxes -€8,151
down €8,151 (-17.3%), from €47,011 to €38,860
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.
Cash bridge derived
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 | €185,806 | €326,375 | +€140,570 | +75.7% |
| Fixed assets | 21/28 | €65,561 | €76,876 | +€11,316 | +17.3% |
| Tangible fixed assets | 22/27 | €51,811 | €63,126 | +€11,316 | +21.8% |
| Land and buildings | 22 | €4,491 | €16,605 | +€12,114 | +269.7% |
| Plant, machinery and equipment | 23 | €46,378 | €42,820 | -€3,558 | -7.7% |
| Furniture and vehicles | 24 | €941 | €3,701 | +€2,760 | +293.2% |
| Financial fixed assets | 28 | €13,750 | €13,750 | = | 0.0% |
| Current assets | 29/58 | €120,245 | €249,499 | +€129,254 | +107.5% |
| Stocks and contracts in progress | 3 | €3,561 | €3,830 | +€268 | +7.5% |
| Stocks | 30/36 | €3,561 | €3,830 | +€268 | +7.5% |
| Amounts receivable within one year | 40/41 | €12,014 | €16,191 | +€4,177 | +34.8% |
| Trade receivables | 40 | €5,418 | €6,827 | +€1,409 | +26.0% |
| Other amounts receivable | 41 | €6,596 | €9,364 | +€2,768 | +42.0% |
| Cash at bank and in hand | 54/58 | €103,645 | €223,533 | +€119,888 | +115.7% |
| Deferred charges and accrued income | 490/1 | €1,025 | €5,945 | +€4,920 | +480.1% |
| Total equity and liabilities | 10/49 | €185,806 | €326,375 | +€140,570 | +75.7% |
| Equity | 10/15 | €113,603 | €203,775 | +€90,172 | +79.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,603 | €198,775 | +€90,172 | +83.0% |
| Distributable reserves | 133 | €108,603 | €198,775 | +€90,172 | +83.0% |
| Amounts payable | 17/49 | €72,203 | €122,600 | +€50,397 | +69.8% |
| Amounts payable within one year | 42/48 | €68,738 | €118,350 | +€49,612 | +72.2% |
| Trade debts | 44 | €9,537 | €11,520 | +€1,983 | +20.8% |
| Suppliers | 440/4 | €9,537 | €11,520 | +€1,983 | +20.8% |
| Taxes, remuneration and social security | 45 | €59,201 | €106,830 | +€47,629 | +80.5% |
| Taxes | 450/3 | €55,507 | €85,878 | +€30,370 | +54.7% |
| Remuneration and social security | 454/9 | €3,693 | €20,952 | +€17,259 | +467.3% |
| Accrued charges and deferred income | 492/3 | €3,465 | €4,250 | +€785 | +22.7% |
| Remuneration, social security and pensions | 62 | €196,119 | €323,688 | +€127,569 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,199 | €13,512 | +€1,313 | +10.8% |
| Other operating charges | 640/8 | €62 | €250 | +€188 | +303.2% |
| Gross operating margin | 9900 | €369,262 | €469,787 | +€100,524 | +27.2% |
| Operating profit (loss) | 9901 | €160,882 | €132,337 | -€28,545 | -17.7% |
| Financial income | 75/76B | €1 | €256 | +€255 | +31534.6% |
| Recurring financial income | 75 | €1 | €256 | +€255 | +31534.6% |
| Financial charges | 65/66B | €5,269 | €3,561 | -€1,708 | -32.4% |
| Recurring financial charges | 65 | €5,104 | €3,561 | -€1,543 | -30.2% |
| Non-recurring financial charges | 66B | €165 | €0 | -€165 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €155,614 | €129,033 | -€26,582 | -17.1% |
| Income taxes | 67/77 | €47,011 | €38,860 | -€8,151 | -17.3% |
| Profit (loss) for the period | 9904 | €108,603 | €90,172 | -€18,430 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,603 | €90,172 | -€18,430 | -17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.