OTHO CAPITAL: 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.
OTHO CAPITAL
Largest movements
- Receivables within one year +€96,521
up €96,521 (+29.3%), from €329,938 to €426,459
of which Trade receivables: +€105,843
- Reserves +€58,400
up €58,400 (+20.6%), from €284,005 to €342,405
of which Distributable reserves: +€58,400
- Trade debts +€37,949
up €37,949 (+68.7%), from €55,236 to €93,185
- Staff costs -€21,105
down €21,105 (-35.7%), from €59,071 to €37,966
- Gross operating margin +€20,439
up €20,439 (+20.8%), from €98,360 to €118,799
- Taxes +€8,840
up €8,840 (+81.1%), from €10,899 to €19,740
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 | €373,601 | €466,192 | +€92,591 | +24.8% |
| Fixed assets | 21/28 | €2,968 | €1,457 | -€1,511 | -50.9% |
| Tangible fixed assets | 22/27 | €2,833 | €1,322 | -€1,511 | -53.3% |
| Other tangible fixed assets | 26 | €2,833 | €1,322 | -€1,511 | -53.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €370,633 | €464,735 | +€94,102 | +25.4% |
| Amounts receivable within one year | 40/41 | €329,938 | €426,459 | +€96,521 | +29.3% |
| Trade receivables | 40 | €273,434 | €379,276 | +€105,843 | +38.7% |
| Other amounts receivable | 41 | €56,504 | €47,183 | -€9,321 | -16.5% |
| Cash at bank and in hand | 54/58 | €36,342 | €37,180 | +€839 | +2.3% |
| Deferred charges and accrued income | 490/1 | €4,353 | €1,095 | -€3,258 | -74.8% |
| Total equity and liabilities | 10/49 | €373,601 | €466,192 | +€92,591 | +24.8% |
| Equity | 10/15 | €302,605 | €361,005 | +€58,400 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,005 | €342,405 | +€58,400 | +20.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €282,145 | €340,545 | +€58,400 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €70,997 | €105,187 | +€34,190 | +48.2% |
| Amounts payable within one year | 42/48 | €59,130 | €93,320 | +€34,190 | +57.8% |
| Trade debts | 44 | €55,236 | €93,185 | +€37,949 | +68.7% |
| Suppliers | 440/4 | €55,236 | €93,185 | +€37,949 | +68.7% |
| Taxes, remuneration and social security | 45 | €2,857 | €1 | -€2,856 | -100.0% |
| Taxes | 450/3 | €342 | €1 | -€342 | -99.9% |
| Remuneration and social security | 454/9 | €2,514 | €0 | -€2,514 | -100.0% |
| Other amounts payable | 47/48 | €1,037 | €135 | -€902 | -87.0% |
| Accrued charges and deferred income | 492/3 | €11,867 | €11,867 | = | 0.0% |
| Non-recurring operating income | 76A | - | €47,000 | +€47,000 | |
| Remuneration, social security and pensions | 62 | €59,071 | €37,966 | -€21,105 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,890 | €1,511 | -€379 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €593 | €0 | -€593 | -100.0% |
| Other operating charges | 640/8 | €373 | €861 | +€488 | +130.6% |
| Gross operating margin | 9900 | €98,360 | €118,799 | +€20,439 | +20.8% |
| Operating profit (loss) | 9901 | €36,433 | €78,461 | +€42,028 | +115.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €333 | €321 | -€12 | -3.6% |
| Recurring financial charges | 65 | €333 | €321 | -€12 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €36,100 | €78,140 | +€42,040 | +116.5% |
| Income taxes | 67/77 | €10,899 | €19,740 | +€8,840 | +81.1% |
| Profit (loss) for the period | 9904 | €25,201 | €58,400 | +€33,200 | +131.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,201 | €58,400 | +€33,200 | +131.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.