OTEK: 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.
OTEK
Largest movements
- Cash -€32,141
down €32,141 (-48.4%), from €66,352 to €34,211
mainly Net result for the year (-€25,705) and Tax, wage and social debts (-€13,167)
- Receivables within one year +€5,467
up €5,467 (+13.9%), from €39,295 to €44,762
of which Trade receivables: +€7,079
- Deferred charges and accrued income -€3,027
down €3,027 (-40.7%), from €7,435 to €4,407
- Tangible fixed assets -€2,521
down €2,521 (-40.9%), from €6,167 to €3,646
of which Furniture and vehicles: -€1,337
- Profit (loss) carried forward -€25,705
down €25,705, from €6,288 to -€19,417
- Tax, wage and social debts -€13,167
down €13,167 (-56.1%), from €23,486 to €10,319
- Trade debts +€6,651
up €6,651 (+96.6%), from €6,882 to €13,533
- Gross operating margin -€45,410
down €45,410, from €23,549 to -€21,860
- Taxes -€5,608
down €5,608 (-95.7%), from €5,861 to €253
- Other operating charges -€1,793
down €1,793 (-64.2%), from €2,792 to €1,000
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 | €129,012 | €96,791 | -€32,221 | -25.0% |
| Fixed assets | 21/28 | €6,167 | €3,646 | -€2,521 | -40.9% |
| Tangible fixed assets | 22/27 | €6,167 | €3,646 | -€2,521 | -40.9% |
| Plant, machinery and equipment | 23 | €1,874 | €690 | -€1,184 | -63.2% |
| Furniture and vehicles | 24 | €4,292 | €2,956 | -€1,337 | -31.1% |
| Current assets | 29/58 | €122,845 | €93,145 | -€29,700 | -24.2% |
| Amounts receivable after more than one year | 29 | €9,367 | €9,367 | = | 0.0% |
| Other amounts receivable | 291 | €9,367 | €9,367 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,295 | €44,762 | +€5,467 | +13.9% |
| Trade receivables | 40 | €9,438 | €16,517 | +€7,079 | +75.0% |
| Other amounts receivable | 41 | €29,857 | €28,245 | -€1,611 | -5.4% |
| Current investments | 50/53 | €397 | €399 | +€1 | +0.3% |
| Cash at bank and in hand | 54/58 | €66,352 | €34,211 | -€32,141 | -48.4% |
| Deferred charges and accrued income | 490/1 | €7,435 | €4,407 | -€3,027 | -40.7% |
| Total equity and liabilities | 10/49 | €129,012 | €96,791 | -€32,221 | -25.0% |
| Equity | 10/15 | €98,644 | €72,939 | -€25,705 | -26.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €85,856 | €85,856 | = | 0.0% |
| Distributable reserves | 133 | €85,856 | €85,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,288 | -€19,417 | -€25,705 | |
| Amounts payable | 17/49 | €30,368 | €23,852 | -€6,516 | -21.5% |
| Amounts payable within one year | 42/48 | €30,368 | €23,852 | -€6,516 | -21.5% |
| Trade debts | 44 | €6,882 | €13,533 | +€6,651 | +96.6% |
| Suppliers | 440/4 | €6,882 | €13,533 | +€6,651 | +96.6% |
| Taxes, remuneration and social security | 45 | €23,486 | €10,319 | -€13,167 | -56.1% |
| Taxes | 450/3 | €23,486 | €10,319 | -€13,167 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,684 | €2,521 | -€163 | -6.1% |
| Other operating charges | 640/8 | €2,792 | €1,000 | -€1,793 | -64.2% |
| Gross operating margin | 9900 | €23,549 | -€21,860 | -€45,410 | |
| Operating profit (loss) | 9901 | €18,073 | -€25,381 | -€43,454 | |
| Financial income | 75/76B | €2 | €2 | -€0 | -0.6% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -0.6% |
| Financial charges | 65/66B | €62 | €72 | +€10 | +15.9% |
| Recurring financial charges | 65 | €62 | €72 | +€10 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €18,013 | -€25,451 | -€43,464 | |
| Income taxes | 67/77 | €5,861 | €253 | -€5,608 | -95.7% |
| Profit (loss) for the period | 9904 | €12,151 | -€25,705 | -€37,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,151 | -€25,705 | -€37,856 |
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.