OT4V: 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.
OT4V
Largest movements
- Cash +€81,289
up €81,289 (+61.2%), from €132,813 to €214,103
mainly Net result for the year (+€151,992) and Tax, wage and social debts (+€55,075)
- Current investments +€73,670
new in 2025: €73,670
- Receivables within one year +€43,644
up €43,644 (+126.5%), from €34,506 to €78,150
- Profit (loss) carried forward +€151,992
up €151,992 (+125.2%), from €121,407 to €273,400
- Tax, wage and social debts +€55,075
up €55,075 (+135.2%), from €40,733 to €95,808
- Gross operating margin +€38,947
up €38,947 (+24.2%), from €161,185 to €200,133
- Taxes +€10,331
up €10,331 (+30.2%), from €34,208 to €44,539
- Financial income +€3,512
up €3,512 (+12242.5%), from €29 to €3,541
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 | €189,229 | €390,722 | +€201,493 | +106.5% |
| Fixed assets | 21/28 | €21,910 | €24,743 | +€2,833 | +12.9% |
| Tangible fixed assets | 22/27 | €21,910 | €24,743 | +€2,833 | +12.9% |
| Plant, machinery and equipment | 23 | €21,910 | €16,479 | -€5,431 | -24.8% |
| Furniture and vehicles | 24 | - | €8,265 | +€8,265 | |
| Current assets | 29/58 | €167,320 | €365,979 | +€198,660 | +118.7% |
| Amounts receivable within one year | 40/41 | €34,506 | €78,150 | +€43,644 | +126.5% |
| Trade receivables | 40 | €34,506 | €78,150 | +€43,644 | +126.5% |
| Current investments | 50/53 | - | €73,670 | +€73,670 | |
| Cash at bank and in hand | 54/58 | €132,813 | €214,103 | +€81,289 | +61.2% |
| Deferred charges and accrued income | 490/1 | - | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €189,229 | €390,722 | +€201,493 | +106.5% |
| Equity | 10/15 | €124,407 | €276,400 | +€151,992 | +122.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,407 | €273,400 | +€151,992 | +125.2% |
| Amounts payable | 17/49 | €64,822 | €114,323 | +€49,500 | +76.4% |
| Amounts payable within one year | 42/48 | €62,450 | €114,323 | +€51,873 | +83.1% |
| Financial debts | 43 | €142 | - | -€142 | |
| Credit institutions | 430/8 | €142 | - | -€142 | |
| Trade debts | 44 | €4,454 | €1,377 | -€3,077 | -69.1% |
| Suppliers | 440/4 | €4,454 | €1,377 | -€3,077 | -69.1% |
| Taxes, remuneration and social security | 45 | €40,733 | €95,808 | +€55,075 | +135.2% |
| Taxes | 450/3 | €40,733 | €95,808 | +€55,075 | +135.2% |
| Other amounts payable | 47/48 | €17,120 | €17,138 | +€18 | +0.1% |
| Accrued charges and deferred income | 492/3 | €2,372 | - | -€2,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,247 | €6,817 | +€1,570 | +29.9% |
| Other operating charges | 640/8 | €133 | €144 | +€11 | +8.2% |
| Gross operating margin | 9900 | €161,185 | €200,133 | +€38,947 | +24.2% |
| Operating profit (loss) | 9901 | €155,805 | €193,172 | +€37,366 | +24.0% |
| Financial income | 75/76B | €29 | €3,541 | +€3,512 | +12242.5% |
| Recurring financial income | 75 | €29 | €3,541 | +€3,512 | +12242.5% |
| Financial charges | 65/66B | €219 | €182 | -€37 | -17.0% |
| Recurring financial charges | 65 | €219 | €182 | -€37 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €155,615 | €196,531 | +€40,916 | +26.3% |
| Income taxes | 67/77 | €34,208 | €44,539 | +€10,331 | +30.2% |
| Profit (loss) for the period | 9904 | €121,407 | €151,992 | +€30,585 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,407 | €151,992 | +€30,585 | +25.2% |
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 9 October 2026 via checked.be.