OTIG: 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.
OTIG
Largest movements
- Cash +€3,950
up €3,950 (+6.3%), from €62,873 to €66,823
mainly Net result for the year (+€22,287) and Depreciation (+€2,930)
- Receivables within one year +€3,727
up €3,727 (+28.0%), from €13,289 to €17,016
of which Trade receivables: +€3,268
- Tangible fixed assets -€2,266
down €2,266 (-35.5%), from €6,381 to €4,115
of which Plant, machinery and equipment: -€1,418
- Reserves +€22,287
up €22,287 (+58.7%), from €37,948 to €60,235
- Accrued charges and deferred income -€9,757
down €9,757 (-100.0%), from €9,757 to €0
- Tax, wage and social debts -€4,530
down €4,530 (-18.5%), from €24,520 to €19,990
- Trade debts -€2,674
down €2,674 (-56.5%), from €4,735 to €2,062
- Gross operating margin +€16,903
up €16,903 (+83.9%), from €20,142 to €37,045
- Taxes +€4,435
up €4,435 (+77.7%), from €5,706 to €10,141
- Other operating charges +€1,144
up €1,144 (+869.0%), from €132 to €1,276
- Depreciation +€864
up €864 (+41.8%), from €2,066 to €2,930
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,961 | €88,286 | +€5,326 | +6.4% |
| Formation expenses | 20 | €418 | €230 | -€188 | -45.0% |
| Fixed assets | 21/28 | €6,381 | €4,115 | -€2,266 | -35.5% |
| Tangible fixed assets | 22/27 | €6,381 | €4,115 | -€2,266 | -35.5% |
| Plant, machinery and equipment | 23 | €4,390 | €2,971 | -€1,418 | -32.3% |
| Furniture and vehicles | 24 | €1,991 | €1,144 | -€848 | -42.6% |
| Current assets | 29/58 | €76,162 | €83,942 | +€7,780 | +10.2% |
| Amounts receivable within one year | 40/41 | €13,289 | €17,016 | +€3,727 | +28.0% |
| Trade receivables | 40 | €11,913 | €15,181 | +€3,268 | +27.4% |
| Other amounts receivable | 41 | €1,376 | €1,835 | +€459 | +33.3% |
| Cash at bank and in hand | 54/58 | €62,873 | €66,823 | +€3,950 | +6.3% |
| Deferred charges and accrued income | 490/1 | - | €103 | +€103 | |
| Total equity and liabilities | 10/49 | €82,961 | €88,286 | +€5,326 | +6.4% |
| Equity | 10/15 | €43,948 | €66,235 | +€22,287 | +50.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €37,948 | €60,235 | +€22,287 | +58.7% |
| Distributable reserves | 133 | €37,948 | €60,235 | +€22,287 | +58.7% |
| Amounts payable | 17/49 | €39,012 | €22,052 | -€16,961 | -43.5% |
| Amounts payable within one year | 42/48 | €29,256 | €22,052 | -€7,204 | -24.6% |
| Trade debts | 44 | €4,735 | €2,062 | -€2,674 | -56.5% |
| Suppliers | 440/4 | €4,735 | €2,062 | -€2,674 | -56.5% |
| Taxes, remuneration and social security | 45 | €24,520 | €19,990 | -€4,530 | -18.5% |
| Taxes | 450/3 | €24,520 | €19,990 | -€4,530 | -18.5% |
| Accrued charges and deferred income | 492/3 | €9,757 | €0 | -€9,757 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €2,930 | +€864 | +41.8% |
| Other operating charges | 640/8 | €132 | €1,276 | +€1,144 | +869.0% |
| Gross operating margin | 9900 | €20,142 | €37,045 | +€16,903 | +83.9% |
| Operating profit (loss) | 9901 | €17,944 | €32,838 | +€14,894 | +83.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €178 | €411 | +€233 | +130.5% |
| Recurring financial charges | 65 | €178 | €411 | +€233 | +130.5% |
| Profit (loss) for the period before taxes | 9903 | €17,767 | €32,428 | +€14,661 | +82.5% |
| Income taxes | 67/77 | €5,706 | €10,141 | +€4,435 | +77.7% |
| Profit (loss) for the period | 9904 | €12,061 | €22,287 | +€10,226 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,061 | €22,287 | +€10,226 | +84.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.