OTHO Advisory: 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.
OTHO Advisory
Largest movements
- Cash +€51,592
up €51,592 (+142%), from €36,314 to €87,906
mainly Other debts (+€1.1m) and Net result for the year (+€660,242)
- Other debts +€1.1m
up €1.1m (+319%), from €329,981 to €1.4m
- Profit (loss) carried forward -€878,467
down €878,467 (-57.1%), from €1.5m to €660,242
- Debts after one year -€190,810
down €190,810 (-56.2%), from €339,411 to €148,601
- Trade debts +€34,299
new in 2025: €34,299
- Gross operating margin -€68,397
down €68,397 (-35.1%), from €194,689 to €126,292
- Taxes -€15,989
down €15,989 (-45.4%), from €35,252 to €19,264
- Financial income +€15,000
up €15,000 (+2.6%), from €570,000 to €585,000
- Financial charges -€2,496
down €2,496 (-29.3%), from €8,525 to €6,029
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 | €2,857,566 | €2,888,811 | +€31,245 | +1.1% |
| Fixed assets | 21/28 | €2,588,642 | €2,564,197 | -€24,445 | -0.9% |
| Tangible fixed assets | 22/27 | €92,942 | €68,497 | -€24,445 | -26.3% |
| Furniture and vehicles | 24 | €92,942 | €68,497 | -€24,445 | -26.3% |
| Financial fixed assets | 28 | €2,495,700 | €2,495,700 | = | 0.0% |
| Current assets | 29/58 | €268,924 | €324,615 | +€55,690 | +20.7% |
| Amounts receivable within one year | 40/41 | €232,611 | €236,709 | +€4,098 | +1.8% |
| Trade receivables | 40 | €210,540 | €157,300 | -€53,240 | -25.3% |
| Other amounts receivable | 41 | €22,071 | €79,409 | +€57,338 | +260% |
| Cash at bank and in hand | 54/58 | €36,314 | €87,906 | +€51,592 | +142% |
| Total equity and liabilities | 10/49 | €2,857,566 | €2,888,811 | +€31,245 | +1.1% |
| Equity | 10/15 | €1,978,709 | €1,100,242 | -€878,467 | -44.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,538,709 | €660,242 | -€878,467 | -57.1% |
| Amounts payable | 17/49 | €878,857 | €1,788,569 | +€909,712 | +104% |
| Amounts payable after more than one year | 17 | €339,411 | €148,601 | -€190,810 | -56.2% |
| Financial debts | 170/4 | €339,411 | €148,601 | -€190,810 | -56.2% |
| Amounts payable within one year | 42/48 | €539,446 | €1,639,968 | +€1.1m | +204% |
| Current portion of amounts payable after more than one year | 42 | €173,782 | €190,810 | +€17,028 | +9.8% |
| Trade debts | 44 | - | €34,299 | +€34,299 | |
| Suppliers | 440/4 | - | €34,299 | +€34,299 | |
| Taxes, remuneration and social security | 45 | €35,683 | €33,637 | -€2,046 | -5.7% |
| Taxes | 450/3 | €35,683 | €33,637 | -€2,046 | -5.7% |
| Other amounts payable | 47/48 | €329,981 | €1,381,222 | +€1.1m | +319% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,974 | €24,445 | -€529 | -2.1% |
| Other operating charges | 640/8 | €2,029 | €1,312 | -€717 | -35.3% |
| Gross operating margin | 9900 | €194,689 | €126,292 | -€68,397 | -35.1% |
| Operating profit (loss) | 9901 | €167,686 | €100,535 | -€67,151 | -40.0% |
| Financial income | 75/76B | €570,000 | €585,000 | +€15,000 | +2.6% |
| Recurring financial income | 75 | €570,000 | €585,000 | +€15,000 | +2.6% |
| Financial charges | 65/66B | €8,525 | €6,029 | -€2,496 | -29.3% |
| Recurring financial charges | 65 | €8,525 | €6,029 | -€2,496 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €729,161 | €679,506 | -€49,655 | -6.8% |
| Income taxes | 67/77 | €35,252 | €19,264 | -€15,989 | -45.4% |
| Profit (loss) for the period | 9904 | €693,909 | €660,242 | -€33,666 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €693,909 | €660,242 | -€33,666 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.