OTAK MANAGEMENT: 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.
OTAK MANAGEMENT
Largest movements
- Tangible fixed assets -€29,567
down €29,567 (-18.6%), from €158,573 to €129,007
of which Other tangible fixed assets: -€16,637
- Deferred charges and accrued income -€5,663
down €5,663 (-19.6%), from €28,876 to €23,213
- Receivables within one year +€4,351
up €4,351 (+11.8%), from €36,987 to €41,338
of which Other amounts receivable: +€2,828
- Trade debts -€17,813
down €17,813 (-43.9%), from €40,593 to €22,780
- Debts after one year -€16,792
down €16,792 (-25.6%), from €65,620 to €48,829
of which Financial debts: -€11,064
- Reserves +€8,151
up €8,151 (+4.7%), from €175,099 to €183,249
- Purchases and services -€87,597
down €87,597 (-13.9%), from €628,482 to €540,885
- Gross operating margin +€79,463
up €79,463 (+166%), from €47,973 to €127,436
- Staff costs +€58,606
up €58,606 (+305%), from €19,230 to €77,837
- Turnover -€12,474
down €12,474 (-1.9%), from €657,467 to €644,992
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,049 | €280,831 | -€31,219 | -10.0% |
| Fixed assets | 21/28 | €168,493 | €138,976 | -€29,517 | -17.5% |
| Tangible fixed assets | 22/27 | €158,573 | €129,007 | -€29,567 | -18.6% |
| Plant, machinery and equipment | 23 | €38,775 | €29,488 | -€9,287 | -24.0% |
| Furniture and vehicles | 24 | €13,319 | €9,676 | -€3,642 | -27.3% |
| Other tangible fixed assets | 26 | €106,480 | €89,843 | -€16,637 | -15.6% |
| Financial fixed assets | 28 | €9,919 | €9,969 | +€50 | +0.5% |
| Current assets | 29/58 | €143,557 | €141,855 | -€1,701 | -1.2% |
| Stocks and contracts in progress | 3 | €11,611 | €10,921 | -€690 | -5.9% |
| Stocks | 30/36 | €11,611 | €10,921 | -€690 | -5.9% |
| Amounts receivable within one year | 40/41 | €36,987 | €41,338 | +€4,351 | +11.8% |
| Trade receivables | 40 | €16,276 | €17,798 | +€1,523 | +9.4% |
| Other amounts receivable | 41 | €20,712 | €23,540 | +€2,828 | +13.7% |
| Cash at bank and in hand | 54/58 | €66,083 | €66,384 | +€301 | +0.5% |
| Deferred charges and accrued income | 490/1 | €28,876 | €23,213 | -€5,663 | -19.6% |
| Total equity and liabilities | 10/49 | €312,049 | €280,831 | -€31,219 | -10.0% |
| Equity | 10/15 | €183,159 | €191,309 | +€8,151 | +4.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €175,099 | €183,249 | +€8,151 | +4.7% |
| Distributable reserves | 133 | €175,099 | €183,249 | +€8,151 | +4.7% |
| Amounts payable | 17/49 | €128,891 | €89,521 | -€39,369 | -30.5% |
| Amounts payable after more than one year | 17 | €65,620 | €48,829 | -€16,792 | -25.6% |
| Financial debts | 170/4 | €59,892 | €48,829 | -€11,064 | -18.5% |
| Other amounts payable | 178/9 | €5,728 | - | -€5,728 | |
| Amounts payable within one year | 42/48 | €57,271 | €37,696 | -€19,575 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €10,907 | €11,064 | +€157 | +1.4% |
| Trade debts | 44 | €40,593 | €22,780 | -€17,813 | -43.9% |
| Suppliers | 440/4 | €40,593 | €22,780 | -€17,813 | -43.9% |
| Advances received on contracts in progress | 46 | €3,173 | €1,181 | -€1,991 | -62.8% |
| Taxes, remuneration and social security | 45 | €2,598 | €2,670 | +€73 | +2.8% |
| Taxes | 450/3 | €1,803 | €2,265 | +€462 | +25.6% |
| Remuneration and social security | 454/9 | €795 | €405 | -€389 | -49.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €2,997 | -€3,003 | -50.1% |
| Turnover | 70 | €657,467 | €644,992 | -€12,474 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €628,482 | €540,885 | -€87,597 | -13.9% |
| Remuneration, social security and pensions | 62 | €19,230 | €77,837 | +€58,606 | +305% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,621 | €35,320 | +€3,699 | +11.7% |
| Other operating charges | 640/8 | €2,870 | €1,853 | -€1,017 | -35.4% |
| Gross operating margin | 9900 | €47,973 | €127,436 | +€79,463 | +166% |
| Operating profit (loss) | 9901 | -€5,748 | €12,427 | +€18,175 | |
| Financial income | 75/76B | €2,970 | €1,230 | -€1,740 | -58.6% |
| Recurring financial income | 75 | €2,970 | €1,230 | -€1,740 | -58.6% |
| Financial charges | 65/66B | €8,051 | €4,319 | -€3,732 | -46.4% |
| Recurring financial charges | 65 | €8,051 | €4,319 | -€3,732 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,829 | €9,338 | +€20,167 | |
| Income taxes | 67/77 | €447 | €1,187 | +€740 | +165% |
| Profit (loss) for the period | 9904 | -€11,277 | €8,151 | +€19,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,277 | €8,151 | +€19,427 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.