OTIS DRINKS: 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.
OTIS DRINKS
Largest movements
- Receivables within one year -€204,708
down €204,708 (-89.6%), from €228,560 to €23,852
of which Trade receivables: -€177,859
- Stocks and contracts +€90,026
up €90,026 (+66.3%), from €135,737 to €225,763
- Cash +€14,821
up €14,821 (+52.5%), from €28,236 to €43,057
mainly Receivables within one year (+€204,708) and Debts after one year (+€75,071)
- Financial fixed assets +€6,188
up €6,188 (+119.9%), from €5,160 to €11,348
- Tangible fixed assets -€5,485
down €5,485 (-9.9%), from €55,208 to €49,723
of which Leasing and similar rights: -€5,837
- Trade debts -€134,417
down €134,417 (-63.3%), from €212,369 to €77,952
- Debts after one year +€75,071
up €75,071 (+172.2%), from €43,596 to €118,668
- Advances received -€64,525
no longer reported in 2024 (was €64,525)
- Reserves -€30,701
down €30,701 (-37.1%), from €82,642 to €51,941
- Current portion of long-term debt +€24,890
up €24,890 (+171.6%), from €14,503 to €39,393
- Gross operating margin +€105,500
up €105,500 (+96.0%), from €109,933 to €215,433
- Other operating charges +€54,827
up €54,827 (+117.5%), from €46,676 to €101,503
- Staff costs +€50,064
up €50,064 (+294.0%), from €17,027 to €67,091
- Financial charges +€7,444
up €7,444 (+84.8%), from €8,774 to €16,218
- Depreciation +€2,559
up €2,559 (+22.3%), from €11,471 to €14,030
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 | €460,081 | €363,214 | -€96,866 | -21.1% |
| Fixed assets | 21/28 | €63,232 | €68,100 | +€4,868 | +7.7% |
| Intangible fixed assets | 21 | €2,865 | €7,030 | +€4,166 | +145.4% |
| Tangible fixed assets | 22/27 | €55,208 | €49,723 | -€5,485 | -9.9% |
| Plant, machinery and equipment | 23 | €5,742 | €3,141 | -€2,601 | -45.3% |
| Furniture and vehicles | 24 | €1,941 | €1,772 | -€169 | -8.7% |
| Leasing and similar rights | 25 | €19,324 | €13,487 | -€5,837 | -30.2% |
| Other tangible fixed assets | 26 | €28,200 | €31,322 | +€3,122 | +11.1% |
| Financial fixed assets | 28 | €5,160 | €11,348 | +€6,188 | +119.9% |
| Current assets | 29/58 | €396,848 | €295,114 | -€101,734 | -25.6% |
| Stocks and contracts in progress | 3 | €135,737 | €225,763 | +€90,026 | +66.3% |
| Stocks | 30/36 | €135,737 | €225,763 | +€90,026 | +66.3% |
| Amounts receivable within one year | 40/41 | €228,560 | €23,852 | -€204,708 | -89.6% |
| Trade receivables | 40 | €198,020 | €20,162 | -€177,859 | -89.8% |
| Other amounts receivable | 41 | €30,540 | €3,691 | -€26,849 | -87.9% |
| Cash at bank and in hand | 54/58 | €28,236 | €43,057 | +€14,821 | +52.5% |
| Deferred charges and accrued income | 490/1 | €4,316 | €2,443 | -€1,873 | -43.4% |
| Total equity and liabilities | 10/49 | €460,081 | €363,214 | -€96,866 | -21.1% |
| Equity | 10/15 | €87,642 | €56,941 | -€30,701 | -35.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,642 | €51,941 | -€30,701 | -37.1% |
| Distributable reserves | 133 | €82,642 | €51,941 | -€30,701 | -37.1% |
| Amounts payable | 17/49 | €372,439 | €306,273 | -€66,166 | -17.8% |
| Amounts payable after more than one year | 17 | €43,596 | €118,668 | +€75,071 | +172.2% |
| Financial debts | 170/4 | €43,596 | €118,668 | +€75,071 | +172.2% |
| Amounts payable within one year | 42/48 | €327,705 | €187,218 | -€140,487 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €14,503 | €39,393 | +€24,890 | +171.6% |
| Financial debts | 43 | €1,261 | €10,000 | +€8,739 | +693.0% |
| Credit institutions | 430/8 | €1,261 | - | -€1,261 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €212,369 | €77,952 | -€134,417 | -63.3% |
| Suppliers | 440/4 | €212,369 | €77,952 | -€134,417 | -63.3% |
| Advances received on contracts in progress | 46 | €64,525 | - | -€64,525 | |
| Taxes, remuneration and social security | 45 | €35,047 | €59,789 | +€24,742 | +70.6% |
| Taxes | 450/3 | €33,385 | €49,841 | +€16,456 | +49.3% |
| Remuneration and social security | 454/9 | €1,663 | €9,949 | +€8,286 | +498.4% |
| Other amounts payable | 47/48 | - | €85 | +€85 | |
| Accrued charges and deferred income | 492/3 | €1,137 | €387 | -€750 | -65.9% |
| Remuneration, social security and pensions | 62 | €17,027 | €67,091 | +€50,064 | +294.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,471 | €14,030 | +€2,559 | +22.3% |
| Other operating charges | 640/8 | €46,676 | €101,503 | +€54,827 | +117.5% |
| Gross operating margin | 9900 | €109,933 | €215,433 | +€105,500 | +96.0% |
| Operating profit (loss) | 9901 | €34,759 | €32,809 | -€1,951 | -5.6% |
| Financial income | 75/76B | €845 | €634 | -€212 | -25.0% |
| Recurring financial income | 75 | €845 | €634 | -€212 | -25.0% |
| Financial charges | 65/66B | €8,774 | €16,218 | +€7,444 | +84.8% |
| Recurring financial charges | 65 | €8,774 | €16,218 | +€7,444 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €26,830 | €17,224 | -€9,606 | -35.8% |
| Income taxes | 67/77 | €6,175 | €4,291 | -€1,885 | -30.5% |
| Profit (loss) for the period | 9904 | €20,655 | €12,934 | -€7,721 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,655 | €12,934 | -€7,721 | -37.4% |
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 5 October 2026 via checked.be.