OKTOW: 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.
OKTOW
Largest movements
- Intangible fixed assets +€57,358
up €57,358 (+71.5%), from €80,207 to €137,565
- Receivables within one year -€41,080
down €41,080 (-23.7%), from €173,384 to €132,304
- Stocks and contracts -€14,756
down €14,756 (-48.6%), from €30,387 to €15,631
of which Contracts in progress: -€17,688
- Cash -€9,935
down €9,935 (-11.2%), from €88,694 to €78,759
mainly Investment in fixed assets (net) (-€73,979) and Net result for the year (-€26,705)
- Tangible fixed assets -€7,892
down €7,892 (-27.9%), from €28,273 to €20,381
of which Furniture and vehicles: -€6,102
- Trade debts +€37,092
up €37,092 (+54.2%), from €68,380 to €105,472
- Profit (loss) carried forward -€26,705
new in 2025: -€26,705
- Tax, wage and social debts -€21,042
down €21,042 (-22.2%), from €94,596 to €73,554
of which Taxes: -€22,077
- Debts after one year -€13,551
down €13,551 (-6.9%), from €195,319 to €181,768
- Accrued charges and deferred income +€11,162
up €11,162 (+1107.3%), from €1,008 to €12,170
- Staff costs +€117,355
up €117,355 (+27.0%), from €435,101 to €552,457
- Provisions -€38,548
down €38,548 (-96.4%), from €39,968 to €1,420
- Gross operating margin +€23,733
up €23,733 (+4.4%), from €540,076 to €563,809
- Taxes -€11,309
down €11,309 (-92.3%), from €12,257 to €948
- Depreciation +€7,174
up €7,174 (+53.0%), from €13,539 to €20,713
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 | €405,327 | €392,847 | -€12,480 | -3.1% |
| Fixed assets | 21/28 | €108,480 | €161,746 | +€53,266 | +49.1% |
| Intangible fixed assets | 21 | €80,207 | €137,565 | +€57,358 | +71.5% |
| Tangible fixed assets | 22/27 | €28,273 | €20,381 | -€7,892 | -27.9% |
| Plant, machinery and equipment | 23 | €7,220 | €5,431 | -€1,789 | -24.8% |
| Furniture and vehicles | 24 | €21,053 | €14,951 | -€6,102 | -29.0% |
| Financial fixed assets | 28 | - | €3,800 | +€3,800 | |
| Current assets | 29/58 | €296,847 | €231,102 | -€65,746 | -22.1% |
| Stocks and contracts in progress | 3 | €30,387 | €15,631 | -€14,756 | -48.6% |
| Stocks | 30/36 | €8,325 | €11,257 | +€2,932 | +35.2% |
| Contracts in progress | 37 | €22,062 | €4,374 | -€17,688 | -80.2% |
| Amounts receivable within one year | 40/41 | €173,384 | €132,304 | -€41,080 | -23.7% |
| Trade receivables | 40 | €173,384 | €132,304 | -€41,080 | -23.7% |
| Cash at bank and in hand | 54/58 | €88,694 | €78,759 | -€9,935 | -11.2% |
| Deferred charges and accrued income | 490/1 | €4,383 | €4,408 | +€25 | +0.6% |
| Total equity and liabilities | 10/49 | €405,327 | €392,847 | -€12,480 | -3.1% |
| Equity | 10/15 | €33,038 | €6,333 | -€26,705 | -80.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €18,038 | €18,038 | = | 0.0% |
| Distributable reserves | 133 | €18,038 | €18,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,705 | -€26,705 | |
| Amounts payable | 17/49 | €372,290 | €386,515 | +€14,225 | +3.8% |
| Amounts payable after more than one year | 17 | €195,319 | €181,768 | -€13,551 | -6.9% |
| Financial debts | 170/4 | €195,319 | €181,768 | -€13,551 | -6.9% |
| Amounts payable within one year | 42/48 | €175,963 | €192,577 | +€16,614 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €12,987 | €13,551 | +€564 | +4.3% |
| Trade debts | 44 | €68,380 | €105,472 | +€37,092 | +54.2% |
| Suppliers | 440/4 | €68,380 | €105,472 | +€37,092 | +54.2% |
| Taxes, remuneration and social security | 45 | €94,596 | €73,554 | -€21,042 | -22.2% |
| Taxes | 450/3 | €34,413 | €12,335 | -€22,077 | -64.2% |
| Remuneration and social security | 454/9 | €60,183 | €61,219 | +€1,036 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,008 | €12,170 | +€11,162 | +1107.3% |
| Remuneration, social security and pensions | 62 | €435,101 | €552,457 | +€117,355 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,539 | €20,713 | +€7,174 | +53.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €39,968 | €1,420 | -€38,548 | -96.4% |
| Other operating charges | 640/8 | €910 | €622 | -€288 | -31.6% |
| Gross operating margin | 9900 | €540,076 | €563,809 | +€23,733 | +4.4% |
| Operating profit (loss) | 9901 | €50,557 | -€11,404 | -€61,960 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.5% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.5% |
| Financial charges | 65/66B | €20,269 | €14,354 | -€5,916 | -29.2% |
| Recurring financial charges | 65 | €20,269 | €14,354 | -€5,916 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €30,294 | -€25,757 | -€56,051 | |
| Income taxes | 67/77 | €12,257 | €948 | -€11,309 | -92.3% |
| Profit (loss) for the period | 9904 | €18,038 | -€26,705 | -€44,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,038 | -€26,705 | -€44,743 |
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 9 October 2026 via checked.be.