OTHEMIS: 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.
OTHEMIS
Largest movements
- Receivables within one year +€148,965
up €148,965 (+127.5%), from €116,831 to €265,796
of which Other amounts receivable: +€141,315
- Cash -€103,942
down €103,942 (-46.4%), from €224,109 to €120,167
mainly Contributions, distributions and other (-€236,386) and Receivables within one year (-€148,965)
- Current investments -€97,360
down €97,360 (-72.4%), from €134,565 to €37,206
- Tangible fixed assets +€45,044
up €45,044 (+426.3%), from €10,566 to €55,610
of which Furniture and vehicles: +€40,352
- Reserves -€31,837
down €31,837 (-21.0%), from €151,334 to €119,497
- Trade debts +€13,210
up €13,210 (+186.2%), from €7,094 to €20,304
- Other debts +€6,597
up €6,597 (+2.8%), from €235,990 to €242,586
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Taxes -€10,726
down €10,726 (-13.8%), from €77,664 to €66,938
- Financial income -€5,627
down €5,627 (-93.8%), from €6,001 to €374
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 | €493,512 | €486,258 | -€7,254 | -1.5% |
| Fixed assets | 21/28 | €10,566 | €55,610 | +€45,044 | +426.3% |
| Tangible fixed assets | 22/27 | €10,566 | €55,610 | +€45,044 | +426.3% |
| Furniture and vehicles | 24 | €4,566 | €44,918 | +€40,352 | +883.7% |
| Other tangible fixed assets | 26 | €6,000 | €10,692 | +€4,692 | +78.2% |
| Current assets | 29/58 | €482,946 | €430,648 | -€52,299 | -10.8% |
| Amounts receivable within one year | 40/41 | €116,831 | €265,796 | +€148,965 | +127.5% |
| Trade receivables | 40 | - | €7,650 | +€7,650 | |
| Other amounts receivable | 41 | €116,831 | €258,146 | +€141,315 | +121.0% |
| Current investments | 50/53 | €134,565 | €37,206 | -€97,360 | -72.4% |
| Cash at bank and in hand | 54/58 | €224,109 | €120,167 | -€103,942 | -46.4% |
| Deferred charges and accrued income | 490/1 | €7,441 | €7,479 | +€38 | +0.5% |
| Total equity and liabilities | 10/49 | €493,512 | €486,258 | -€7,254 | -1.5% |
| Equity | 10/15 | €163,734 | €138,097 | -€25,637 | -15.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €151,334 | €119,497 | -€31,837 | -21.0% |
| Distributable reserves | 133 | €151,334 | €119,497 | -€31,837 | -21.0% |
| Amounts payable | 17/49 | €329,778 | €348,161 | +€18,383 | +5.6% |
| Amounts payable within one year | 42/48 | €329,778 | €348,161 | +€18,383 | +5.6% |
| Trade debts | 44 | €7,094 | €20,304 | +€13,210 | +186.2% |
| Suppliers | 440/4 | €7,094 | €20,304 | +€13,210 | +186.2% |
| Taxes, remuneration and social security | 45 | €86,694 | €85,270 | -€1,424 | -1.6% |
| Taxes | 450/3 | €86,694 | €85,270 | -€1,424 | -1.6% |
| Other amounts payable | 47/48 | €235,990 | €242,586 | +€6,597 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,639 | €4,242 | -€397 | -8.6% |
| Other operating charges | 640/8 | €7,410 | €10,005 | +€2,595 | +35.0% |
| Gross operating margin | 9900 | €291,271 | €291,983 | +€712 | +0.2% |
| Operating profit (loss) | 9901 | €279,222 | €277,735 | -€1,486 | -0.5% |
| Financial income | 75/76B | €6,001 | €374 | -€5,627 | -93.8% |
| Recurring financial income | 75 | €6,001 | €374 | -€5,627 | -93.8% |
| Financial charges | 65/66B | €9 | €422 | +€413 | +4383.1% |
| Recurring financial charges | 65 | €9 | €422 | +€413 | +4383.1% |
| Profit (loss) for the period before taxes | 9903 | €285,213 | €277,687 | -€7,526 | -2.6% |
| Income taxes | 67/77 | €77,664 | €66,938 | -€10,726 | -13.8% |
| Profit (loss) for the period | 9904 | €207,549 | €210,749 | +€3,200 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €207,549 | €210,749 | +€3,200 | +1.5% |
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 1 October 2026 via checked.be.