OTIMO: 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.
OTIMO
Largest movements
- Tangible fixed assets +€481,599
up €481,599 (+65.9%), from €730,411 to €1.2m
of which Land and buildings: +€430,844
- Cash -€80,871
down €80,871 (-41.7%), from €193,873 to €113,002
mainly Investment in fixed assets (net) (-€544,683) and Advances received (-€52,500)
- Receivables within one year +€39,381
up €39,381 (+690%), from €5,705 to €45,086
of which Other amounts receivable: +€45,086
- Intangible fixed assets +€30,000
new in 2025: €30,000
- Debts after one year +€385,127
new in 2025: €385,127
- Profit (loss) carried forward +€93,519
up €93,519 (+23.0%), from €405,831 to €499,351
- Current portion of long-term debt +€88,672
new in 2025: €88,672
- Advances received -€52,500
no longer reported in 2025 (was €52,500)
- Other debts -€43,578
down €43,578 (-13.9%), from €313,331 to €269,753
- Depreciation -€23,871
down €23,871 (-41.9%), from €56,955 to €33,084
- Gross operating margin +€13,778
up €13,778 (+7.2%), from €190,711 to €204,489
- Taxes +€8,738
up €8,738 (+34.4%), from €25,400 to €34,138
- Financial charges +€6,766
up €6,766 (+1,103%), from €613 to €7,379
- Other operating charges +€3,246
up €3,246 (+9.8%), from €33,122 to €36,369
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 | €937,319 | €1,401,287 | +€463,968 | +49.5% |
| Fixed assets | 21/28 | €730,411 | €1,242,010 | +€511,599 | +70.0% |
| Intangible fixed assets | 21 | - | €30,000 | +€30,000 | |
| Tangible fixed assets | 22/27 | €730,411 | €1,212,010 | +€481,599 | +65.9% |
| Land and buildings | 22 | €481,345 | €912,189 | +€430,844 | +89.5% |
| Plant, machinery and equipment | 23 | €174,120 | €232,385 | +€58,266 | +33.5% |
| Furniture and vehicles | 24 | €74,946 | €67,435 | -€7,511 | -10.0% |
| Current assets | 29/58 | €206,909 | €159,277 | -€47,631 | -23.0% |
| Amounts receivable within one year | 40/41 | €5,705 | €45,086 | +€39,381 | +690% |
| Trade receivables | 40 | €5,705 | - | -€5,705 | |
| Other amounts receivable | 41 | - | €45,086 | +€45,086 | |
| Current investments | 50/53 | €1,190 | €1,190 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €193,873 | €113,002 | -€80,871 | -41.7% |
| Deferred charges and accrued income | 490/1 | €6,141 | - | -€6,141 | |
| Total equity and liabilities | 10/49 | €937,319 | €1,401,287 | +€463,968 | +49.5% |
| Equity | 10/15 | €515,832 | €609,351 | +€93,519 | +18.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €405,831 | €499,351 | +€93,519 | +23.0% |
| Amounts payable | 17/49 | €421,488 | €791,936 | +€370,449 | +87.9% |
| Amounts payable after more than one year | 17 | - | €385,127 | +€385,127 | |
| Financial debts | 170/4 | - | €385,127 | +€385,127 | |
| Amounts payable within one year | 42/48 | €406,167 | €392,955 | -€13,212 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | - | €88,672 | +€88,672 | |
| Trade debts | 44 | €17,652 | €25,734 | +€8,082 | +45.8% |
| Suppliers | 440/4 | €17,652 | €25,734 | +€8,082 | +45.8% |
| Advances received on contracts in progress | 46 | €52,500 | - | -€52,500 | |
| Taxes, remuneration and social security | 45 | €22,684 | €8,796 | -€13,888 | -61.2% |
| Taxes | 450/3 | €22,684 | €8,796 | -€13,888 | -61.2% |
| Other amounts payable | 47/48 | €313,331 | €269,753 | -€43,578 | -13.9% |
| Accrued charges and deferred income | 492/3 | €15,320 | €13,855 | -€1,465 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,955 | €33,084 | -€23,871 | -41.9% |
| Other operating charges | 640/8 | €33,122 | €36,369 | +€3,246 | +9.8% |
| Gross operating margin | 9900 | €190,711 | €204,489 | +€13,778 | +7.2% |
| Operating profit (loss) | 9901 | €100,633 | €135,037 | +€34,403 | +34.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -98.8% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -98.8% |
| Financial charges | 65/66B | €613 | €7,379 | +€6,766 | +1,103% |
| Recurring financial charges | 65 | €613 | €7,379 | +€6,766 | +1,103% |
| Profit (loss) for the period before taxes | 9903 | €100,028 | €127,657 | +€27,629 | +27.6% |
| Income taxes | 67/77 | €25,400 | €34,138 | +€8,738 | +34.4% |
| Profit (loss) for the period | 9904 | €74,628 | €93,519 | +€18,891 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,628 | €93,519 | +€18,891 | +25.3% |
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 20 October 2026 via checked.be.