OTHENTIC PARTNER: 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.
OTHENTIC PARTNER
Largest movements
- Tangible fixed assets -€13,753
down €13,753 (-27.0%), from €50,846 to €37,094
of which Furniture and vehicles: -€13,047
- Cash -€12,916
down €12,916 (-88.7%), from €14,561 to €1,645
mainly Tax, wage and social debts (-€96,290) and Provisions (-€19,599)
- Receivables within one year +€9,471
up €9,471 (+4.8%), from €197,107 to €206,578
of which Trade receivables: +€26,607
- Receivables after one year +€6,464
new in 2025: €6,464
- Financial fixed assets -€3,500
down €3,500 (-8.1%), from €43,072 to €39,572
- Tax, wage and social debts -€96,290
down €96,290 (-52.3%), from €184,262 to €87,973
of which Remuneration and social security: -€62,686
- Trade debts +€80,971
up €80,971 (+72.5%), from €111,702 to €192,674
- Profit (loss) carried forward +€36,980
up €36,980 (+58.0%), from -€63,718 to -€26,737
- Provisions -€19,599
no longer reported in 2025 (was €19,599)
- Debts after one year -€16,438
down €16,438 (-71.3%), from €23,064 to €6,626
- Staff costs -€138,545
down €138,545 (-33.5%), from €413,241 to €274,696
- Gross operating margin +€53,584
up €53,584 (+14.2%), from €376,110 to €429,694
- Taxes +€22,084
up €22,084 (+123%), from €18,018 to €40,102
- Financial income +€11,108
up €11,108 (+65,687%), from €17 to €11,125
of which Non-recurring financial income: +€11,029
- Financial charges -€4,898
down €4,898 (-13.9%), from €35,333 to €30,434
of which Financial charges: -€6,398
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 | €305,587 | €291,354 | -€14,233 | -4.7% |
| Fixed assets | 21/28 | €93,919 | €76,666 | -€17,253 | -18.4% |
| Tangible fixed assets | 22/27 | €50,846 | €37,094 | -€13,753 | -27.0% |
| Plant, machinery and equipment | 23 | €2,248 | €1,543 | -€706 | -31.4% |
| Furniture and vehicles | 24 | €48,598 | €35,551 | -€13,047 | -26.8% |
| Financial fixed assets | 28 | €43,072 | €39,572 | -€3,500 | -8.1% |
| Current assets | 29/58 | €211,668 | €214,688 | +€3,019 | +1.4% |
| Amounts receivable after more than one year | 29 | - | €6,464 | +€6,464 | |
| Other amounts receivable | 291 | - | €6,464 | +€6,464 | |
| Amounts receivable within one year | 40/41 | €197,107 | €206,578 | +€9,471 | +4.8% |
| Trade receivables | 40 | €177,107 | €203,714 | +€26,607 | +15.0% |
| Other amounts receivable | 41 | €20,000 | €2,864 | -€17,136 | -85.7% |
| Cash at bank and in hand | 54/58 | €14,561 | €1,645 | -€12,916 | -88.7% |
| Total equity and liabilities | 10/49 | €305,587 | €291,354 | -€14,233 | -4.7% |
| Equity | 10/15 | -€48,718 | -€11,737 | +€36,980 | +75.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Contributions outside capital | 11 | - | €15,000 | +€15,000 | |
| Share premium | 1100/10 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | -€63,718 | -€26,737 | +€36,980 | +58.0% |
| Provisions and deferred taxes | 16 | €19,599 | - | -€19,599 | |
| Provisions for liabilities and charges | 160/5 | €19,599 | - | -€19,599 | |
| Other liabilities and charges | 164/5 | €19,599 | - | -€19,599 | |
| Amounts payable | 17/49 | €334,706 | €303,091 | -€31,615 | -9.4% |
| Amounts payable after more than one year | 17 | €23,064 | €6,626 | -€16,438 | -71.3% |
| Financial debts | 170/4 | €23,064 | €6,626 | -€16,438 | -71.3% |
| Amounts payable within one year | 42/48 | €311,641 | €296,465 | -€15,176 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €9,677 | €9,819 | +€142 | +1.5% |
| Trade debts | 44 | €111,702 | €192,674 | +€80,971 | +72.5% |
| Suppliers | 440/4 | €111,702 | €192,674 | +€80,971 | +72.5% |
| Taxes, remuneration and social security | 45 | €184,262 | €87,973 | -€96,290 | -52.3% |
| Taxes | 450/3 | €68,507 | €34,903 | -€33,604 | -49.1% |
| Remuneration and social security | 454/9 | €115,756 | €53,070 | -€62,686 | -54.2% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €413,241 | €274,696 | -€138,545 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,679 | €22,005 | -€674 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,148 | +€2,148 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,111 | -€19,599 | -€2,488 | -14.5% |
| Other operating charges | 640/8 | €31,607 | €29,938 | -€1,669 | -5.3% |
| Non-recurring operating charges | 66A | €9,974 | €24,108 | +€14,134 | +142% |
| Gross operating margin | 9900 | €376,110 | €429,694 | +€53,584 | +14.2% |
| Operating profit (loss) | 9901 | -€84,280 | €96,398 | +€180,678 | |
| Financial income | 75/76B | €17 | €11,125 | +€11,108 | +65,687% |
| Recurring financial income | 75 | €17 | €95 | +€78 | +463% |
| Non-recurring financial income | 76B | - | €11,029 | +€11,029 | |
| Financial charges | 65/66B | €35,333 | €30,434 | -€4,898 | -13.9% |
| Recurring financial charges | 65 | €33,833 | €27,434 | -€6,398 | -18.9% |
| Non-recurring financial charges | 66B | €1,500 | €3,000 | +€1,500 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€119,596 | €77,088 | +€196,684 | |
| Income taxes | 67/77 | €18,018 | €40,102 | +€22,084 | +123% |
| Profit (loss) for the period | 9904 | -€137,614 | €36,986 | +€174,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,614 | €36,986 | +€174,600 |
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 29 October 2026 via checked.be.