Otis Immo: 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 Immo
Largest movements
- Tangible fixed assets +€99,387
up €99,387 (+129.5%), from €76,735 to €176,122
of which Land and buildings: +€91,592
- Receivables within one year +€4,747
up €4,747 (+25.3%), from €18,794 to €23,541
of which Trade receivables: +€4,659
- Cash -€4,501
down €4,501 (-12.7%), from €35,476 to €30,974
mainly Investment in fixed assets (net) (-€109,665) and Net result for the year (-€18,309)
- Debts after one year +€95,307
up €95,307 (+97.1%), from €98,147 to €193,455
- Other debts +€23,401
up €23,401 (+57.7%), from €40,570 to €63,970
- Profit (loss) carried forward -€18,609
down €18,609 (-130.6%), from -€14,253 to -€32,862
- Trade debts -€4,688
no longer reported in 2024 (was €4,688)
- Gross operating margin +€9,839
up €9,839, from -€8,287 to €1,552
- Depreciation +€7,706
up €7,706 (+299.6%), from €2,572 to €10,278
- Financial charges +€4,439
up €4,439 (+175.2%), from €2,534 to €6,974
- Other operating charges +€1,750
up €1,750 (+203.7%), from €859 to €2,609
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 | €131,005 | €230,637 | +€99,633 | +76.1% |
| Fixed assets | 21/28 | €76,735 | €176,122 | +€99,387 | +129.5% |
| Tangible fixed assets | 22/27 | €76,735 | €176,122 | +€99,387 | +129.5% |
| Land and buildings | 22 | €71,821 | €163,413 | +€91,592 | +127.5% |
| Other tangible fixed assets | 26 | €4,914 | €12,709 | +€7,795 | +158.6% |
| Current assets | 29/58 | €54,269 | €54,515 | +€246 | +0.5% |
| Amounts receivable within one year | 40/41 | €18,794 | €23,541 | +€4,747 | +25.3% |
| Trade receivables | 40 | €18,451 | €23,110 | +€4,659 | +25.2% |
| Other amounts receivable | 41 | €342 | €431 | +€88 | +25.8% |
| Cash at bank and in hand | 54/58 | €35,476 | €30,974 | -€4,501 | -12.7% |
| Total equity and liabilities | 10/49 | €131,005 | €230,637 | +€99,633 | +76.1% |
| Equity | 10/15 | -€14,253 | -€31,362 | -€17,109 | -120.0% |
| Contributions | 10/11 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | -€14,253 | -€32,862 | -€18,609 | -130.6% |
| Amounts payable | 17/49 | €145,257 | €261,999 | +€116,742 | +80.4% |
| Amounts payable after more than one year | 17 | €98,147 | €193,455 | +€95,307 | +97.1% |
| Financial debts | 170/4 | €98,147 | €193,455 | +€95,307 | +97.1% |
| Amounts payable within one year | 42/48 | €47,110 | €68,545 | +€21,435 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €1,853 | €3,574 | +€1,722 | +92.9% |
| Trade debts | 44 | €4,688 | - | -€4,688 | |
| Suppliers | 440/4 | €4,688 | - | -€4,688 | |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €40,570 | €63,970 | +€23,401 | +57.7% |
| Non-recurring operating income | 76A | - | €36,671 | +€36,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,572 | €10,278 | +€7,706 | +299.6% |
| Other operating charges | 640/8 | €859 | €2,609 | +€1,750 | +203.7% |
| Gross operating margin | 9900 | -€8,287 | €1,552 | +€9,839 | |
| Operating profit (loss) | 9901 | -€11,719 | -€11,335 | +€383 | +3.3% |
| Financial charges | 65/66B | €2,534 | €6,974 | +€4,439 | +175.2% |
| Recurring financial charges | 65 | €2,534 | €6,974 | +€4,439 | +175.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,253 | -€18,309 | -€4,056 | -28.5% |
| Profit (loss) for the period | 9904 | -€14,253 | -€18,309 | -€4,056 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,253 | -€18,309 | -€4,056 | -28.5% |
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.