OTC: 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.
OTC
Largest movements
- Deferred charges and accrued income -€34,312
down €34,312 (-80.7%), from €42,493 to €8,180
- Cash +€25,526
up €25,526 (+6.2%), from €410,748 to €436,273
mainly Deferred charges and accrued income (+€34,312) and Trade debts (+€19,848)
- Tangible fixed assets -€10,829
down €10,829 (-31.5%), from €34,347 to €23,517
of which Leasing and similar rights: -€6,065
- Trade debts +€19,848
up €19,848 (+157.8%), from €12,581 to €32,429
- Accrued charges and deferred income -€17,367
down €17,367 (-26.3%), from €66,000 to €48,633
- Profit (loss) carried forward -€13,103
down €13,103 (-17.7%), from €74,142 to €61,039
- Debts after one year -€5,719
down €5,719 (-26.3%), from €21,715 to €15,996
- Gross operating margin -€48,671
down €48,671 (-6.7%), from €721,516 to €672,845
- Turnover -€27,817
down €27,817 (-4.7%), from €593,146 to €565,329
- Staff costs -€14,348
down €14,348 (-2.1%), from €687,156 to €672,808
- Purchases and services +€13,444
up €13,444 (+22.3%), from €60,266 to €73,710
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 | €563,055 | €546,390 | -€16,665 | -3.0% |
| Fixed assets | 21/28 | €34,352 | €23,522 | -€10,829 | -31.5% |
| Tangible fixed assets | 22/27 | €34,347 | €23,517 | -€10,829 | -31.5% |
| Plant, machinery and equipment | 23 | €706 | €313 | -€393 | -55.6% |
| Furniture and vehicles | 24 | €6,439 | €2,067 | -€4,372 | -67.9% |
| Leasing and similar rights | 25 | €27,202 | €21,137 | -€6,065 | -22.3% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €528,703 | €522,868 | -€5,836 | -1.1% |
| Stocks and contracts in progress | 3 | €7,528 | €6,550 | -€978 | -13.0% |
| Stocks | 30/36 | €7,528 | €6,550 | -€978 | -13.0% |
| Amounts receivable within one year | 40/41 | €67,935 | €71,864 | +€3,929 | +5.8% |
| Trade receivables | 40 | €67,896 | €71,636 | +€3,741 | +5.5% |
| Other amounts receivable | 41 | €39 | €227 | +€188 | +482.9% |
| Cash at bank and in hand | 54/58 | €410,748 | €436,273 | +€25,526 | +6.2% |
| Deferred charges and accrued income | 490/1 | €42,493 | €8,180 | -€34,312 | -80.7% |
| Total equity and liabilities | 10/49 | €563,055 | €546,390 | -€16,665 | -3.0% |
| Equity | 10/15 | €392,431 | €379,329 | -€13,103 | -3.3% |
| Reserves | 13 | €318,290 | €318,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,142 | €61,039 | -€13,103 | -17.7% |
| Amounts payable | 17/49 | €170,624 | €167,061 | -€3,562 | -2.1% |
| Amounts payable after more than one year | 17 | €21,715 | €15,996 | -€5,719 | -26.3% |
| Financial debts | 170/4 | €21,715 | €15,996 | -€5,719 | -26.3% |
| Amounts payable within one year | 42/48 | €82,909 | €102,432 | +€19,524 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €7,296 | €9,379 | +€2,083 | +28.5% |
| Trade debts | 44 | €12,581 | €32,429 | +€19,848 | +157.8% |
| Suppliers | 440/4 | €12,581 | €32,429 | +€19,848 | +157.8% |
| Taxes, remuneration and social security | 45 | €63,031 | €60,624 | -€2,407 | -3.8% |
| Taxes | 450/3 | €6,345 | €8,180 | +€1,835 | +28.9% |
| Remuneration and social security | 454/9 | €56,686 | €52,444 | -€4,242 | -7.5% |
| Accrued charges and deferred income | 492/3 | €66,000 | €48,633 | -€17,367 | -26.3% |
| Turnover | 70 | €593,146 | €565,329 | -€27,817 | -4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,266 | €73,710 | +€13,444 | +22.3% |
| Remuneration, social security and pensions | 62 | €687,156 | €672,808 | -€14,348 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,637 | €10,829 | +€3,193 | +41.8% |
| Other operating charges | 640/8 | €3,153 | €1,625 | -€1,528 | -48.5% |
| Gross operating margin | 9900 | €721,516 | €672,845 | -€48,671 | -6.7% |
| Operating profit (loss) | 9901 | €23,571 | -€12,418 | -€35,988 | |
| Financial income | 75/76B | €415 | €524 | +€109 | +26.3% |
| Recurring financial income | 75 | €415 | €524 | +€109 | +26.3% |
| Financial charges | 65/66B | €1,147 | €1,209 | +€62 | +5.4% |
| Recurring financial charges | 65 | €1,147 | €1,209 | +€62 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €22,838 | -€13,103 | -€35,941 | |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | €22,714 | -€13,103 | -€35,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,714 | -€13,103 | -€35,816 |
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 30 September 2026 via checked.be.