OTIMA: what changed
OTIMA
Largest movements
- Cash +€58,225
up €58,225 (+289%), from €20,140 to €78,364
mainly Net result for the year (+€62,359) and Depreciation (+€35,679)
- Tangible fixed assets -€25,594
down €25,594 (-6.8%), from €376,641 to €351,047
of which Furniture and vehicles: -€17,087
- Current investments +€11,794
up €11,794 (+18.2%), from €64,848 to €76,642
- Reserves +€62,359
up €62,359 (+24.2%), from €258,213 to €320,572
of which Distributable reserves: +€62,359
- Debts after one year -€22,414
down €22,414 (-10.2%), from €218,716 to €196,302
- Other debts -€7,528
down €7,528 (-28.2%), from €26,719 to €19,192
- Gross operating margin +€26,525
up €26,525 (+24.5%), from €108,375 to €134,900
- Taxes +€9,497
up €9,497 (+54.8%), from €17,335 to €26,832
- Financial income +€5,560
up €5,560 (+48,055%), from €12 to €5,572
- Depreciation -€2,044
down €2,044 (-5.4%), from €37,723 to €35,679
- Financial charges -€1,566
down €1,566 (-11.8%), from €13,295 to €11,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,068 | €655,777 | +€37,709 | +6.1% |
| Fixed assets | 21/28 | €376,641 | €351,047 | -€25,594 | -6.8% |
| Tangible fixed assets | 22/27 | €376,641 | €351,047 | -€25,594 | -6.8% |
| Land and buildings | 22 | €64,857 | €63,085 | -€1,772 | -2.7% |
| Plant, machinery and equipment | 23 | €5,133 | €2,694 | -€2,439 | -47.5% |
| Furniture and vehicles | 24 | €36,249 | €19,162 | -€17,087 | -47.1% |
| Other tangible fixed assets | 26 | €270,402 | €266,106 | -€4,296 | -1.6% |
| Current assets | 29/58 | €241,427 | €304,730 | +€63,302 | +26.2% |
| Stocks and contracts in progress | 3 | €16,961 | €17,163 | +€201 | +1.2% |
| Stocks | 30/36 | €16,961 | €17,163 | +€201 | +1.2% |
| Amounts receivable within one year | 40/41 | €135,581 | €129,067 | -€6,514 | -4.8% |
| Trade receivables | 40 | €119,905 | €120,397 | +€492 | +0.4% |
| Other amounts receivable | 41 | €15,676 | €8,670 | -€7,006 | -44.7% |
| Current investments | 50/53 | €64,848 | €76,642 | +€11,794 | +18.2% |
| Cash at bank and in hand | 54/58 | €20,140 | €78,364 | +€58,225 | +289% |
| Deferred charges and accrued income | 490/1 | €3,898 | €3,494 | -€404 | -10.4% |
| Total equity and liabilities | 10/49 | €618,068 | €655,777 | +€37,709 | +6.1% |
| Equity | 10/15 | €327,999 | €390,358 | +€62,359 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €258,213 | €320,572 | +€62,359 | +24.2% |
| Tax-exempt reserves | 132 | €939 | €939 | = | 0.0% |
| Distributable reserves | 133 | €257,274 | €319,633 | +€62,359 | +24.2% |
| Profit (loss) carried forward | 14 | €57,386 | €57,386 | = | 0.0% |
| Amounts payable | 17/49 | €290,069 | €265,419 | -€24,650 | -8.5% |
| Amounts payable after more than one year | 17 | €218,716 | €196,302 | -€22,414 | -10.2% |
| Financial debts | 170/4 | €218,716 | €196,302 | -€22,414 | -10.2% |
| Amounts payable within one year | 42/48 | €71,354 | €69,117 | -€2,237 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €21,514 | €22,414 | +€900 | +4.2% |
| Trade debts | 44 | €721 | €2,569 | +€1,848 | +256% |
| Suppliers | 440/4 | €721 | €2,569 | +€1,848 | +256% |
| Taxes, remuneration and social security | 45 | €22,400 | €24,942 | +€2,543 | +11.4% |
| Taxes | 450/3 | €22,400 | €24,942 | +€2,543 | +11.4% |
| Other amounts payable | 47/48 | €26,719 | €19,192 | -€7,528 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,723 | €35,679 | -€2,044 | -5.4% |
| Other operating charges | 640/8 | €3,983 | €3,873 | -€110 | -2.8% |
| Gross operating margin | 9900 | €108,375 | €134,900 | +€26,525 | +24.5% |
| Operating profit (loss) | 9901 | €66,669 | €95,348 | +€28,680 | +43.0% |
| Financial income | 75/76B | €12 | €5,572 | +€5,560 | +48,055% |
| Recurring financial income | 75 | €12 | €5,572 | +€5,560 | +48,055% |
| Financial charges | 65/66B | €13,295 | €11,729 | -€1,566 | -11.8% |
| Recurring financial charges | 65 | €13,295 | €11,729 | -€1,566 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €53,385 | €89,191 | +€35,805 | +67.1% |
| Income taxes | 67/77 | €17,335 | €26,832 | +€9,497 | +54.8% |
| Profit (loss) for the period | 9904 | €36,051 | €62,359 | +€26,308 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,051 | €62,359 | +€26,308 | +73.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.