Oteas: 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.
Oteas
Largest movements
- Tangible fixed assets -€40,750
down €40,750 (-20.6%), from €197,709 to €156,959
of which Land and buildings: -€31,428
- Cash +€7,098
up €7,098 (+76.8%), from €9,240 to €16,338
mainly Depreciation (+€48,552) and Net result for the year (+€7,974)
- Receivables within one year +€2,339
up €2,339 (+15.1%), from €15,504 to €17,843
of which Trade receivables: +€5,358
- Debts after one year -€23,235
down €23,235 (-44.9%), from €51,798 to €28,562
- Trade debts -€14,114
down €14,114 (-90.5%), from €15,588 to €1,474
- Other debts -€12,590
down €12,590 (-13.7%), from €91,811 to €79,221
- Profit (loss) carried forward +€7,974
up €7,974 (+64.0%), from -€12,455 to -€4,481
- Current portion of long-term debt +€7,775
up €7,775 (+101.2%), from €7,685 to €15,460
- Gross operating margin +€15,678
up €15,678 (+32.7%), from €47,919 to €63,597
- Depreciation +€5,951
up €5,951 (+14.0%), from €42,601 to €48,552
- Taxes +€3,208
up €3,208 (+475.6%), from €674 to €3,882
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 | €227,082 | €193,883 | -€33,199 | -14.6% |
| Fixed assets | 21/28 | €197,709 | €156,959 | -€40,750 | -20.6% |
| Tangible fixed assets | 22/27 | €197,709 | €156,959 | -€40,750 | -20.6% |
| Land and buildings | 22 | €157,224 | €125,796 | -€31,428 | -20.0% |
| Plant, machinery and equipment | 23 | €6,871 | €4,639 | -€2,233 | -32.5% |
| Furniture and vehicles | 24 | €33,614 | €26,524 | -€7,089 | -21.1% |
| Current assets | 29/58 | €29,373 | €36,924 | +€7,551 | +25.7% |
| Amounts receivable within one year | 40/41 | €15,504 | €17,843 | +€2,339 | +15.1% |
| Trade receivables | 40 | €11,900 | €17,258 | +€5,358 | +45.0% |
| Other amounts receivable | 41 | €3,604 | €585 | -€3,019 | -83.8% |
| Cash at bank and in hand | 54/58 | €9,240 | €16,338 | +€7,098 | +76.8% |
| Deferred charges and accrued income | 490/1 | €4,629 | €2,743 | -€1,886 | -40.7% |
| Total equity and liabilities | 10/49 | €227,082 | €193,883 | -€33,199 | -14.6% |
| Equity | 10/15 | €44,960 | €52,934 | +€7,974 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,816 | €38,816 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,956 | €36,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,455 | -€4,481 | +€7,974 | +64.0% |
| Amounts payable | 17/49 | €182,122 | €140,948 | -€41,173 | -22.6% |
| Amounts payable after more than one year | 17 | €51,798 | €28,562 | -€23,235 | -44.9% |
| Financial debts | 170/4 | €51,798 | €28,562 | -€23,235 | -44.9% |
| Amounts payable within one year | 42/48 | €130,324 | €112,386 | -€17,938 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €7,685 | €15,460 | +€7,775 | +101.2% |
| Trade debts | 44 | €15,588 | €1,474 | -€14,114 | -90.5% |
| Suppliers | 440/4 | €15,588 | €1,474 | -€14,114 | -90.5% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €12,041 | €16,231 | +€4,191 | +34.8% |
| Taxes | 450/3 | €12,041 | €16,231 | +€4,191 | +34.8% |
| Other amounts payable | 47/48 | €91,811 | €79,221 | -€12,590 | -13.7% |
| Non-recurring operating income | 76A | €3,471 | - | -€3,471 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,601 | €48,552 | +€5,951 | +14.0% |
| Other operating charges | 640/8 | €1,206 | €769 | -€437 | -36.2% |
| Gross operating margin | 9900 | €47,919 | €63,597 | +€15,678 | +32.7% |
| Operating profit (loss) | 9901 | €3,725 | €13,876 | +€10,151 | +272.5% |
| Financial income | 75/76B | €0 | €30 | +€30 | +9687.1% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +9687.1% |
| Financial charges | 65/66B | €2,509 | €2,050 | -€459 | -18.3% |
| Recurring financial charges | 65 | €2,509 | €2,050 | -€459 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €1,216 | €11,856 | +€10,640 | +874.9% |
| Income taxes | 67/77 | €674 | €3,882 | +€3,208 | +475.6% |
| Profit (loss) for the period | 9904 | €542 | €7,974 | +€7,433 | +1372.2% |
| Profit (loss) for the period to be appropriated | 9905 | €542 | €7,974 | +€7,433 | +1372.2% |
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 6 October 2026 via checked.be.