OTAX: 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.
OTAX
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-51.7%), from €3.0m to €1.4m
of which Stocks: -€1.5m
- Cash -€267,683
down €267,683 (-93.0%), from €287,833 to €20,151
mainly Advances received (-€2.0m) and Short-term financial debts (-€270,000)
- Receivables within one year +€266,511
up €266,511 (+2,041%), from €13,055 to €279,566
of which Trade receivables: +€257,250
- Deferred charges and accrued income -€78,416
down €78,416 (-94.3%), from €83,175 to €4,759
- Advances received -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Other debts +€475,000
up €475,000 (+88.8%), from €535,000 to €1.0m
- Debts after one year +€370,000
new in 2025: €370,000
- Short-term financial debts -€270,000
down €270,000 (-100%), from €270,000 to €0
- Trade debts -€170,100
down €170,100 (-54.1%), from €314,244 to €144,144
- Gross operating margin -€37,701
down €37,701 (-56.3%), from €67,009 to €29,308
- Financial charges -€18,185
down €18,185 (-38.4%), from €47,322 to €29,137
- Financial income -€6,424
down €6,424 (-35.1%), from €18,324 to €11,900
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 | €3,347,177 | €1,735,076 | -€1.6m | -48.2% |
| Current assets | 29/58 | €3,347,177 | €1,735,076 | -€1.6m | -48.2% |
| Stocks and contracts in progress | 3 | €2,963,113 | €1,430,601 | -€1.5m | -51.7% |
| Stocks | 30/36 | €2,963,113 | €1,430,601 | -€1.5m | -51.7% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,055 | €279,566 | +€266,511 | +2,041% |
| Trade receivables | 40 | €689 | €257,939 | +€257,250 | +37,349% |
| Other amounts receivable | 41 | €12,367 | €21,627 | +€9,261 | +74.9% |
| Cash at bank and in hand | 54/58 | €287,833 | €20,151 | -€267,683 | -93.0% |
| Deferred charges and accrued income | 490/1 | €83,175 | €4,759 | -€78,416 | -94.3% |
| Total equity and liabilities | 10/49 | €3,347,177 | €1,735,076 | -€1.6m | -48.2% |
| Equity | 10/15 | €185,345 | €196,903 | +€11,557 | +6.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,655 | -€3,097 | +€11,557 | +78.9% |
| Amounts payable | 17/49 | €3,161,832 | €1,538,173 | -€1.6m | -51.4% |
| Amounts payable after more than one year | 17 | - | €370,000 | +€370,000 | |
| Financial debts | 170/4 | - | €370,000 | +€370,000 | |
| Amounts payable within one year | 42/48 | €3,159,582 | €1,154,144 | -€2.0m | -63.5% |
| Financial debts | 43 | €270,000 | €0 | -€270,000 | -100% |
| Credit institutions | 430/8 | €270,000 | €0 | -€270,000 | -100% |
| Trade debts | 44 | €314,244 | €144,144 | -€170,100 | -54.1% |
| Suppliers | 440/4 | €314,244 | €144,144 | -€170,100 | -54.1% |
| Advances received on contracts in progress | 46 | €2,040,338 | €0 | -€2.0m | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €535,000 | €1,010,000 | +€475,000 | +88.8% |
| Accrued charges and deferred income | 492/3 | €2,250 | €14,029 | +€11,779 | +524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €67,009 | €29,308 | -€37,701 | -56.3% |
| Operating profit (loss) | 9901 | €66,510 | €28,794 | -€37,715 | -56.7% |
| Financial income | 75/76B | €18,324 | €11,900 | -€6,424 | -35.1% |
| Recurring financial income | 75 | €18,324 | €11,900 | -€6,424 | -35.1% |
| Financial charges | 65/66B | €47,322 | €29,137 | -€18,185 | -38.4% |
| Recurring financial charges | 65 | €47,322 | €29,137 | -€18,185 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €37,512 | €11,557 | -€25,955 | -69.2% |
| Profit (loss) for the period | 9904 | €37,512 | €11,557 | -€25,955 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,512 | €11,557 | -€25,955 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.