OTESIMA: 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.
OTESIMA
Largest movements
- Receivables after one year -€14,000
down €14,000 (-31.1%), from €45,000 to €31,000
- Tangible fixed assets -€6,813
down €6,813 (-39.6%), from €17,212 to €10,399
of which Furniture and vehicles: -€4,056
- Receivables within one year -€4,378
down €4,378 (-78.5%), from €5,576 to €1,198
of which Other amounts receivable: -€4,050
- Deferred charges and accrued income +€3,201
up €3,201 (+776.9%), from €412 to €3,613
- Cash -€1,036
down €1,036 (-18.6%), from €5,578 to €4,542
mainly Net result for the year (-€67,925) and Trade debts (-€5,106)
- Profit (loss) carried forward -€67,925
down €67,925, from €19,918 to -€48,007
- Tax, wage and social debts +€49,268
up €49,268 (+318.2%), from €15,482 to €64,750
of which Remuneration and social security: +€49,715
- Trade debts -€5,106
down €5,106 (-17.6%), from €29,059 to €23,953
- Turnover -€66,954
down €66,954 (-15.2%), from €440,707 to €373,753
- Gross operating margin -€38,396
down €38,396 (-30.0%), from €127,829 to €89,433
- Purchases and services -€28,558
down €28,558 (-9.1%), from €312,878 to €284,320
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 | €84,259 | €60,701 | -€23,558 | -28.0% |
| Fixed assets | 21/28 | €17,394 | €10,539 | -€6,855 | -39.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €17,212 | €10,399 | -€6,813 | -39.6% |
| Land and buildings | 22 | €3,400 | €3,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,040 | €4,283 | -€2,757 | -39.2% |
| Furniture and vehicles | 24 | €6,772 | €2,716 | -€4,056 | -59.9% |
| Financial fixed assets | 28 | €182 | €140 | -€42 | -23.1% |
| Current assets | 29/58 | €66,865 | €50,162 | -€16,703 | -25.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €31,000 | -€14,000 | -31.1% |
| Other amounts receivable | 291 | €45,000 | €31,000 | -€14,000 | -31.1% |
| Stocks and contracts in progress | 3 | €10,299 | €9,809 | -€490 | -4.8% |
| Stocks | 30/36 | €10,299 | €9,809 | -€490 | -4.8% |
| Amounts receivable within one year | 40/41 | €5,576 | €1,198 | -€4,378 | -78.5% |
| Trade receivables | 40 | €1,523 | €1,195 | -€328 | -21.5% |
| Other amounts receivable | 41 | €4,053 | €3 | -€4,050 | -99.9% |
| Cash at bank and in hand | 54/58 | €5,578 | €4,542 | -€1,036 | -18.6% |
| Deferred charges and accrued income | 490/1 | €412 | €3,613 | +€3,201 | +776.9% |
| Total equity and liabilities | 10/49 | €84,259 | €60,701 | -€23,558 | -28.0% |
| Equity | 10/15 | €39,718 | -€28,207 | -€67,925 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,200 | €1,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,918 | -€48,007 | -€67,925 | |
| Amounts payable | 17/49 | €44,541 | €88,908 | +€44,367 | +99.6% |
| Amounts payable within one year | 42/48 | €44,541 | €88,908 | +€44,367 | +99.6% |
| Trade debts | 44 | €29,059 | €23,953 | -€5,106 | -17.6% |
| Suppliers | 440/4 | €29,059 | €23,953 | -€5,106 | -17.6% |
| Taxes, remuneration and social security | 45 | €15,482 | €64,750 | +€49,268 | +318.2% |
| Taxes | 450/3 | €7,728 | €7,281 | -€447 | -5.8% |
| Remuneration and social security | 454/9 | €7,754 | €57,469 | +€49,715 | +641.2% |
| Other amounts payable | 47/48 | - | €205 | +€205 | |
| Turnover | 70 | €440,707 | €373,753 | -€66,954 | -15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €312,878 | €284,320 | -€28,558 | -9.1% |
| Remuneration, social security and pensions | 62 | €146,799 | €148,485 | +€1,686 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,481 | €7,241 | -€2,240 | -23.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,051 | - | -€1,051 | |
| Other operating charges | 640/8 | - | €1,521 | +€1,521 | |
| Non-recurring operating charges | 66A | €968 | €1,206 | +€238 | +24.6% |
| Gross operating margin | 9900 | €127,829 | €89,433 | -€38,396 | -30.0% |
| Operating profit (loss) | 9901 | -€30,470 | -€69,020 | -€38,550 | -126.5% |
| Financial income | 75/76B | €1,786 | €1,200 | -€586 | -32.8% |
| Recurring financial income | 75 | €1,786 | €1,200 | -€586 | -32.8% |
| Financial charges | 65/66B | €164 | €105 | -€59 | -36.0% |
| Recurring financial charges | 65 | €164 | €105 | -€59 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,848 | -€67,925 | -€39,077 | -135.5% |
| Income taxes | 67/77 | €13 | - | -€13 | |
| Profit (loss) for the period | 9904 | -€28,861 | -€67,925 | -€39,064 | -135.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,861 | -€67,925 | -€39,064 | -135.4% |
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 7 October 2026 via checked.be.