OTECH: 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.
OTECH
Largest movements
- Receivables within one year +€17,527
up €17,527 (+68.5%), from €25,587 to €43,114
of which Other amounts receivable: +€36,552
- Stocks and contracts +€1,126
up €1,126 (+1608.3%), from €70 to €1,196
- Cash +€1,061
up €1,061 (+126.2%), from €840 to €1,901
mainly Net result for the year (+€40,365)
- Profit (loss) carried forward +€40,365
up €40,365 (+1051.8%), from €3,838 to €44,203
- Trade debts -€17,918
down €17,918 (-97.2%), from €18,426 to €508
- Other debts -€1,540
no longer reported in 2024 (was €1,540)
- Tax, wage and social debts -€1,193
no longer reported in 2024 (was €1,193)
- Turnover +€102,719
up €102,719 (+94.1%), from €109,200 to €211,920
- Gross operating margin +€70,169
up €70,169 (+1801.9%), from €3,894 to €74,064
- Purchases and services +€32,550
up €32,550 (+30.9%), from €105,306 to €137,856
- Staff costs +€32,332
new in 2024: €32,332
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.
Cash bridge derived
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 | €26,498 | €46,211 | +€19,714 | +74.4% |
| Current assets | 29/58 | €26,498 | €46,211 | +€19,714 | +74.4% |
| Stocks and contracts in progress | 3 | €70 | €1,196 | +€1,126 | +1608.3% |
| Stocks | 30/36 | €70 | €1,196 | +€1,126 | +1608.3% |
| Amounts receivable within one year | 40/41 | €25,587 | €43,114 | +€17,527 | +68.5% |
| Trade receivables | 40 | €25,562 | €6,537 | -€19,025 | -74.4% |
| Other amounts receivable | 41 | €26 | €36,577 | +€36,552 | +143116.0% |
| Cash at bank and in hand | 54/58 | €840 | €1,901 | +€1,061 | +126.2% |
| Total equity and liabilities | 10/49 | €26,498 | €46,211 | +€19,714 | +74.4% |
| Equity | 10/15 | €5,338 | €45,703 | +€40,365 | +756.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €3,838 | €44,203 | +€40,365 | +1051.8% |
| Amounts payable | 17/49 | €21,160 | €508 | -€20,652 | -97.6% |
| Amounts payable within one year | 42/48 | €21,160 | €508 | -€20,652 | -97.6% |
| Trade debts | 44 | €18,426 | €508 | -€17,918 | -97.2% |
| Suppliers | 440/4 | €18,426 | €508 | -€17,918 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,193 | - | -€1,193 | |
| Taxes | 450/3 | €1,193 | - | -€1,193 | |
| Other amounts payable | 47/48 | €1,540 | - | -€1,540 | |
| Turnover | 70 | €109,200 | €211,920 | +€102,719 | +94.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €105,306 | €137,856 | +€32,550 | +30.9% |
| Remuneration, social security and pensions | 62 | - | €32,332 | +€32,332 | |
| Other operating charges | 640/8 | - | €257 | +€257 | |
| Gross operating margin | 9900 | €3,894 | €74,064 | +€70,169 | +1801.9% |
| Operating profit (loss) | 9901 | €3,894 | €41,475 | +€37,581 | +965.0% |
| Financial charges | 65/66B | €56 | €110 | +€53 | +94.7% |
| Recurring financial charges | 65 | €56 | €110 | +€53 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €3,838 | €41,365 | +€37,527 | +977.8% |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | €3,838 | €40,365 | +€36,527 | +951.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,838 | €40,365 | +€36,527 | +951.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.