OTHAELA: 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.
What changed
OTHAELA
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€249,814
2024 · €135,508+€114,306
Equity
€1.3m
2024 · €1.3m-€1,186
Cash
€298,206
2024 · €274,915+€23,291
Balance sheet total
€1.5m
2024 · €1.5m+€18,914
Largest movements
Assets
- Receivables after one year -€85,250
down €85,250 (-31.5%), from €270,750 to €185,500
- Tangible fixed assets +€69,959
up €69,959 (+12.3%), from €569,322 to €639,281
of which Furniture and vehicles: +€89,543
- Cash +€23,291
up €23,291 (+8.5%), from €274,915 to €298,206
mainly Net result for the year (+€249,814) and Receivables after one year (+€85,250)
Equity and liabilities
- Other debts +€56,000
new in 2025: €56,000
Income statement
- Gross operating margin +€131,726
up €131,726 (+57.6%), from €228,585 to €360,311
- Taxes +€19,361
up €19,361 (+27.2%), from €71,260 to €90,621
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.
Result 2024
€135,508
Gross operating margin
+€131,726
Depreciation
-€2,649
Other operating charges
+€2,303
Financial income
+€2,385
Financial charges
-€98
Taxes
-€19,361
Result 2025
€249,814
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.
From operations
+€386,830
Investment
-€97,671
Financing
-€265,868
Cash 2024
€274,915
From operations (derived)
+€386,830
Net result for the year
+€249,814
Depreciation
+€27,712
Receivables after one year
+€85,250
Receivables within one year
-€10,914
Provisions
-€2,494
Trade debts
-€4,008
Tax, wage and social debts
-€14,530
Other debts
+€56,000
Investment (derived)
-€97,671
Investment in fixed assets (net)
-€97,671
Financing
-€265,868
Debts after one year
-€13,757
Short-term financial debts
-€1,111
Contributions, distributions and other
-€251,000
Cash 2025
€298,206
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,369 | €1,470,283 | +€18,914 | +1.3% |
| Fixed assets | 21/28 | €785,622 | €855,581 | +€69,959 | +8.9% |
| Tangible fixed assets | 22/27 | €569,322 | €639,281 | +€69,959 | +12.3% |
| Land and buildings | 22 | €566,077 | €546,493 | -€19,584 | -3.5% |
| Furniture and vehicles | 24 | €3,245 | €92,788 | +€89,543 | +2759.4% |
| Financial fixed assets | 28 | €216,300 | €216,300 | = | 0.0% |
| Current assets | 29/58 | €665,747 | €614,702 | -€51,045 | -7.7% |
| Amounts receivable after more than one year | 29 | €270,750 | €185,500 | -€85,250 | -31.5% |
| Other amounts receivable | 291 | €270,750 | €185,500 | -€85,250 | -31.5% |
| Amounts receivable within one year | 40/41 | €15,730 | €26,644 | +€10,914 | +69.4% |
| Trade receivables | 40 | €15,730 | €26,317 | +€10,587 | +67.3% |
| Other amounts receivable | 41 | - | €327 | +€327 | |
| Current investments | 50/53 | €104,352 | €104,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €274,915 | €298,206 | +€23,291 | +8.5% |
| Total equity and liabilities | 10/49 | €1,451,369 | €1,470,283 | +€18,914 | +1.3% |
| Equity | 10/15 | €1,263,948 | €1,262,762 | -€1,186 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,244,792 | €1,243,606 | -€1,186 | -0.1% |
| Non-distributable reserves | 130/1 | €2,780 | €2,780 | = | 0.0% |
| Other | 1319 | €2,780 | €2,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,577 | €163,095 | -€7,482 | -4.4% |
| Distributable reserves | 133 | €1,071,435 | €1,077,731 | +€6,296 | +0.6% |
| Profit (loss) carried forward | 14 | €556 | €556 | = | 0.0% |
| Provisions and deferred taxes | 16 | €81,400 | €78,906 | -€2,494 | -3.1% |
| Deferred taxes | 168 | €81,400 | €78,906 | -€2,494 | -3.1% |
| Amounts payable | 17/49 | €106,021 | €128,615 | +€22,594 | +21.3% |
| Amounts payable after more than one year | 17 | €45,330 | €31,573 | -€13,757 | -30.3% |
| Financial debts | 170/4 | €45,330 | €31,573 | -€13,757 | -30.3% |
| Amounts payable within one year | 42/48 | €60,691 | €97,042 | +€36,351 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €15,999 | €15,999 | = | 0.0% |
| Financial debts | 43 | €1,111 | - | -€1,111 | |
| Other loans | 439 | €1,111 | - | -€1,111 | |
| Trade debts | 44 | €4,237 | €229 | -€4,008 | -94.6% |
| Suppliers | 440/4 | €4,237 | €229 | -€4,008 | -94.6% |
| Taxes, remuneration and social security | 45 | €39,344 | €24,814 | -€14,530 | -36.9% |
| Taxes | 450/3 | €39,344 | €24,814 | -€14,530 | -36.9% |
| Other amounts payable | 47/48 | - | €56,000 | +€56,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,063 | €27,712 | +€2,649 | +10.6% |
| Other operating charges | 640/8 | €4,075 | €1,772 | -€2,303 | -56.5% |
| Gross operating margin | 9900 | €228,585 | €360,311 | +€131,726 | +57.6% |
| Operating profit (loss) | 9901 | €199,447 | €330,827 | +€131,380 | +65.9% |
| Financial income | 75/76B | €5,247 | €7,632 | +€2,385 | +45.5% |
| Recurring financial income | 75 | €5,247 | €7,632 | +€2,385 | +45.5% |
| Financial charges | 65/66B | €420 | €518 | +€98 | +23.3% |
| Recurring financial charges | 65 | €420 | €518 | +€98 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €204,274 | €337,941 | +€133,667 | +65.4% |
| Transfer from deferred taxes | 780 | €2,494 | €2,494 | = | 0.0% |
| Income taxes | 67/77 | €71,260 | €90,621 | +€19,361 | +27.2% |
| Profit (loss) for the period | 9904 | €135,508 | €249,814 | +€114,306 | +84.4% |
| Transfer from tax-exempt reserves | 789 | €7,482 | €7,482 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,990 | €257,296 | +€114,306 | +79.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.