OTELLO: 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.
OTELLO
Largest movements
- Receivables after one year -€220,000
down €220,000 (-100%), from €220,000 to €0
- Receivables within one year +€201,033
up €201,033 (+2,503,521%), from €8 to €201,041
of which Other amounts receivable: +€201,033
- Cash +€60,851
up €60,851 (+282%), from €21,556 to €82,407
mainly Receivables after one year (+€220,000) and Net result for the year (+€33,388)
- Tangible fixed assets -€15,704
down €15,704 (-4.0%), from €392,439 to €376,735
- Reserves +€33,388
up €33,388 (+55.7%), from €59,961 to €93,349
of which Distributable reserves: +€40,276
- Gross operating margin +€5,115
up €5,115 (+7.2%), from €70,730 to €75,846
- Other operating charges +€2,141
up €2,141 (+252%), from €849 to €2,991
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 | €639,232 | €664,469 | +€25,236 | +3.9% |
| Fixed assets | 21/28 | €396,468 | €380,764 | -€15,704 | -4.0% |
| Tangible fixed assets | 22/27 | €392,439 | €376,735 | -€15,704 | -4.0% |
| Land and buildings | 22 | €392,439 | €376,735 | -€15,704 | -4.0% |
| Financial fixed assets | 28 | €4,029 | €4,029 | = | 0.0% |
| Current assets | 29/58 | €242,764 | €283,705 | +€40,941 | +16.9% |
| Amounts receivable after more than one year | 29 | €220,000 | €0 | -€220,000 | -100% |
| Other amounts receivable | 291 | €220,000 | €0 | -€220,000 | -100% |
| Amounts receivable within one year | 40/41 | €8 | €201,041 | +€201,033 | +2,503,521% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8 | €201,041 | +€201,033 | +2,503,521% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,556 | €82,407 | +€60,851 | +282% |
| Deferred charges and accrued income | 490/1 | €1,199 | €256 | -€943 | -78.6% |
| Total equity and liabilities | 10/49 | €639,232 | €664,469 | +€25,236 | +3.9% |
| Equity | 10/15 | €78,553 | €111,941 | +€33,388 | +42.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €59,961 | €93,349 | +€33,388 | +55.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €58,092 | €51,204 | -€6,888 | -11.9% |
| Distributable reserves | 133 | €1,869 | €42,145 | +€40,276 | +2,155% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €19,364 | €17,068 | -€2,296 | -11.9% |
| Deferred taxes | 168 | €19,364 | €17,068 | -€2,296 | -11.9% |
| Amounts payable | 17/49 | €541,316 | €535,460 | -€5,856 | -1.1% |
| Amounts payable after more than one year | 17 | €305,000 | €300,000 | -€5,000 | -1.6% |
| Financial debts | 170/4 | €305,000 | €300,000 | -€5,000 | -1.6% |
| Amounts payable within one year | 42/48 | €236,316 | €235,460 | -€856 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Trade debts | 44 | €12,871 | €9,265 | -€3,606 | -28.0% |
| Suppliers | 440/4 | €12,871 | €9,265 | -€3,606 | -28.0% |
| Taxes, remuneration and social security | 45 | €1,545 | €4,093 | +€2,548 | +165% |
| Taxes | 450/3 | €1,545 | €4,093 | +€2,548 | +165% |
| Other amounts payable | 47/48 | €215,900 | €217,102 | +€1,202 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,704 | €15,704 | = | 0.0% |
| Other operating charges | 640/8 | €849 | €2,991 | +€2,141 | +252% |
| Gross operating margin | 9900 | €70,730 | €75,846 | +€5,115 | +7.2% |
| Operating profit (loss) | 9901 | €54,177 | €57,151 | +€2,974 | +5.5% |
| Financial income | 75/76B | €600 | €179 | -€421 | -70.1% |
| Recurring financial income | 75 | €600 | €179 | -€421 | -70.1% |
| Financial charges | 65/66B | €12,839 | €12,725 | -€113 | -0.9% |
| Recurring financial charges | 65 | €12,839 | €12,725 | -€113 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €41,938 | €44,605 | +€2,666 | +6.4% |
| Transfer from deferred taxes | 780 | €2,296 | €2,296 | = | 0.0% |
| Income taxes | 67/77 | €12,958 | €13,513 | +€555 | +4.3% |
| Profit (loss) for the period | 9904 | €31,277 | €33,388 | +€2,112 | +6.8% |
| Transfer from tax-exempt reserves | 789 | €6,888 | €6,888 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €38,165 | €40,276 | +€2,112 | +5.5% |
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 23 October 2026 via checked.be.