OTEMA: 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.
OTEMA
Largest movements
- Cash -€5,462
down €5,462 (-98.1%), from €5,565 to €103
mainly Contributions, distributions and other (-€18,000) and Debts after one year (-€3,821)
- Reserves -€12,883
down €12,883 (-31.8%), from €40,494 to €27,611
- Other debts +€12,059
up €12,059 (+221.2%), from €5,451 to €17,510
- Debts after one year -€3,821
no longer reported in 2026 (was €3,821)
- Current portion of long-term debt -€3,749
down €3,749 (-49.5%), from €7,570 to €3,821
- Gross operating margin -€14,160
down €14,160 (-53.8%), from €26,322 to €12,162
- Depreciation -€6,651
down €6,651 (-85.2%), from €7,807 to €1,156
- Taxes -€4,503
down €4,503 (-46.8%), from €9,623 to €5,120
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,746 | €221,284 | -€8,462 | -3.7% |
| Fixed assets | 21/28 | €201,807 | €201,126 | -€681 | -0.3% |
| Tangible fixed assets | 22/27 | €1,807 | €1,126 | -€681 | -37.7% |
| Furniture and vehicles | 24 | €1,807 | €1,126 | -€681 | -37.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €27,939 | €20,157 | -€7,782 | -27.9% |
| Amounts receivable within one year | 40/41 | €21,118 | €19,162 | -€1,957 | -9.3% |
| Trade receivables | 40 | €19,991 | €18,986 | -€1,005 | -5.0% |
| Other amounts receivable | 41 | €1,127 | €175 | -€952 | -84.5% |
| Cash at bank and in hand | 54/58 | €5,565 | €103 | -€5,462 | -98.1% |
| Deferred charges and accrued income | 490/1 | €1,256 | €893 | -€363 | -28.9% |
| Total equity and liabilities | 10/49 | €229,746 | €221,284 | -€8,462 | -3.7% |
| Equity | 10/15 | €206,136 | €193,253 | -€12,883 | -6.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €40,494 | €27,611 | -€12,883 | -31.8% |
| Distributable reserves | 133 | €40,494 | €27,611 | -€12,883 | -31.8% |
| Profit (loss) carried forward | 14 | €151,382 | €151,382 | = | 0.0% |
| Amounts payable | 17/49 | €23,611 | €28,031 | +€4,420 | +18.7% |
| Amounts payable after more than one year | 17 | €3,821 | - | -€3,821 | |
| Financial debts | 170/4 | €3,821 | - | -€3,821 | |
| Amounts payable within one year | 42/48 | €19,789 | €28,031 | +€8,241 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €7,570 | €3,821 | -€3,749 | -49.5% |
| Financial debts | 43 | €331 | €619 | +€287 | +86.6% |
| Credit institutions | 430/8 | €331 | €619 | +€287 | +86.6% |
| Trade debts | 44 | €228 | €150 | -€79 | -34.5% |
| Suppliers | 440/4 | €228 | €150 | -€79 | -34.5% |
| Taxes, remuneration and social security | 45 | €6,208 | €5,931 | -€277 | -4.5% |
| Taxes | 450/3 | €2,830 | €3,131 | +€302 | +10.7% |
| Remuneration and social security | 454/9 | €3,378 | €2,800 | -€578 | -17.1% |
| Other amounts payable | 47/48 | €5,451 | €17,510 | +€12,059 | +221.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,807 | €1,156 | -€6,651 | -85.2% |
| Other operating charges | 640/8 | €587 | €400 | -€188 | -31.9% |
| Gross operating margin | 9900 | €26,322 | €12,162 | -€14,160 | -53.8% |
| Operating profit (loss) | 9901 | €17,928 | €10,607 | -€7,321 | -40.8% |
| Financial charges | 65/66B | €462 | €369 | -€93 | -20.1% |
| Recurring financial charges | 65 | €462 | €369 | -€93 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €17,466 | €10,237 | -€7,228 | -41.4% |
| Income taxes | 67/77 | €9,623 | €5,120 | -€4,503 | -46.8% |
| Profit (loss) for the period | 9904 | €7,843 | €5,117 | -€2,725 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,843 | €5,117 | -€2,725 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.