OTICO: 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.
OTICO
Largest movements
- Receivables within one year -€51,420
down €51,420 (-58.7%), from €87,626 to €36,207
of which Trade receivables: -€49,627
- Cash +€29,871
up €29,871 (+7.6%), from €392,879 to €422,750
mainly Receivables within one year (+€51,420) and Depreciation (+€22,889)
- Financial fixed assets +€19,248
new in 2025: €19,248
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€125,815
down €125,815 (-78.8%), from €159,692 to €33,877
- Taxes -€42,949
down €42,949 (-88.4%), from €48,603 to €5,655
- Depreciation +€6,313
up €6,313 (+38.1%), from €16,576 to €22,889
- Financial income -€2,447
down €2,447 (-29.3%), from €8,352 to €5,906
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 | €691,886 | €697,769 | +€5,883 | +0.9% |
| Fixed assets | 21/28 | €116,663 | €142,417 | +€25,754 | +22.1% |
| Tangible fixed assets | 22/27 | €116,663 | €123,169 | +€6,506 | +5.6% |
| Plant, machinery and equipment | 23 | €1,603 | €1,069 | -€534 | -33.3% |
| Furniture and vehicles | 24 | €60,834 | €67,874 | +€7,040 | +11.6% |
| Other tangible fixed assets | 26 | €54,226 | €54,226 | = | 0.0% |
| Financial fixed assets | 28 | - | €19,248 | +€19,248 | |
| Current assets | 29/58 | €575,223 | €555,352 | -€19,870 | -3.5% |
| Amounts receivable after more than one year | 29 | €74,575 | €74,575 | = | 0.0% |
| Trade receivables | 290 | €74,575 | €74,575 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,700 | €15,700 | = | 0.0% |
| Stocks | 30/36 | €15,700 | €15,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,626 | €36,207 | -€51,420 | -58.7% |
| Trade receivables | 40 | €54,635 | €5,008 | -€49,627 | -90.8% |
| Other amounts receivable | 41 | €32,991 | €31,198 | -€1,793 | -5.4% |
| Cash at bank and in hand | 54/58 | €392,879 | €422,750 | +€29,871 | +7.6% |
| Deferred charges and accrued income | 490/1 | €4,443 | €6,122 | +€1,679 | +37.8% |
| Total equity and liabilities | 10/49 | €691,886 | €697,769 | +€5,883 | +0.9% |
| Equity | 10/15 | €667,328 | €671,895 | +€4,567 | +0.7% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €632,051 | €636,617 | +€4,567 | +0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €632,051 | €636,617 | +€4,567 | +0.7% |
| Profit (loss) carried forward | 14 | €22,828 | €22,828 | = | 0.0% |
| Amounts payable | 17/49 | €24,557 | €25,874 | +€1,317 | +5.4% |
| Amounts payable within one year | 42/48 | €24,557 | €25,874 | +€1,317 | +5.4% |
| Financial debts | 43 | €3,389 | €0 | -€3,389 | -100.0% |
| Credit institutions | 430/8 | €3,389 | €0 | -€3,389 | -100.0% |
| Trade debts | 44 | €4,899 | €9,127 | +€4,227 | +86.3% |
| Suppliers | 440/4 | €4,899 | €9,127 | +€4,227 | +86.3% |
| Taxes, remuneration and social security | 45 | €16,269 | €16,747 | +€478 | +2.9% |
| Taxes | 450/3 | €16,269 | €16,747 | +€478 | +2.9% |
| Non-recurring operating income | 76A | €1,350 | €4,000 | +€2,650 | +196.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,576 | €22,889 | +€6,313 | +38.1% |
| Other operating charges | 640/8 | €4,473 | €5,942 | +€1,469 | +32.9% |
| Non-recurring operating charges | 66A | €70 | €0 | -€70 | -100.0% |
| Gross operating margin | 9900 | €159,692 | €33,877 | -€125,815 | -78.8% |
| Operating profit (loss) | 9901 | €138,574 | €5,045 | -€133,528 | -96.4% |
| Financial income | 75/76B | €8,352 | €5,906 | -€2,447 | -29.3% |
| Recurring financial income | 75 | €8,352 | €5,906 | -€2,447 | -29.3% |
| Financial charges | 65/66B | €1,055 | €730 | -€325 | -30.8% |
| Recurring financial charges | 65 | €1,055 | €730 | -€325 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €145,871 | €10,221 | -€135,650 | -93.0% |
| Income taxes | 67/77 | €48,603 | €5,655 | -€42,949 | -88.4% |
| Profit (loss) for the period | 9904 | €97,268 | €4,567 | -€92,701 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,268 | €4,567 | -€92,701 | -95.3% |
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 9 October 2026 via checked.be.