OTIUM FINANCING: 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.
OTIUM FINANCING
Largest movements
- Receivables within one year -€19.0m
down €19.0m (-53.6%), from €35.5m to €16.5m
- Receivables after one year +€2.5m
up €2.5m (+9.7%), from €25.4m to €27.9m
- Debts after one year +€46.8m
new in 2025: €46.8m
- Other debts -€32.5m
down €32.5m (-100.0%), from €32.5m to €0
- Short-term financial debts -€30.0m
down €30.0m (-100.0%), from €30.0m to €0
- Profit (loss) carried forward -€1.2m
down €1.2m (-111.3%), from -€1.0m to -€2.2m
- Financial charges +€2.0m
up €2.0m (+70.5%), from €2.8m to €4.7m
of which Non-recurring financial charges: +€1.2m
- Financial income +€1.7m
up €1.7m (+85.3%), from €2.0m to €3.8m
- Gross operating margin +€263,506
up €263,506 (+82.7%), from -€318,456 to -€54,949
- Taxes +€176,475
new in 2025: €176,475
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.
Cash bridge derived
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 | €61,581,325 | €44,636,914 | -€16.9m | -27.5% |
| Formation expenses | 20 | €88 | €0 | -€88 | -100.0% |
| Current assets | 29/58 | €61,581,238 | €44,636,914 | -€16.9m | -27.5% |
| Amounts receivable after more than one year | 29 | €25,433,124 | €27,909,436 | +€2.5m | +9.7% |
| Other amounts receivable | 291 | €25,433,124 | €27,909,436 | +€2.5m | +9.7% |
| Amounts receivable within one year | 40/41 | €35,504,864 | €16,466,985 | -€19.0m | -53.6% |
| Other amounts receivable | 41 | €35,504,864 | €16,466,985 | -€19.0m | -53.6% |
| Cash at bank and in hand | 54/58 | €446,753 | €3,004 | -€443,748 | -99.3% |
| Deferred charges and accrued income | 490/1 | €196,497 | €257,488 | +€60,991 | +31.0% |
| Total equity and liabilities | 10/49 | €61,581,325 | €44,636,914 | -€16.9m | -27.5% |
| Equity | 10/15 | -€1,044,713 | -€2,208,111 | -€1.2m | -111.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,045,713 | -€2,209,111 | -€1.2m | -111.3% |
| Amounts payable | 17/49 | €62,626,038 | €46,845,025 | -€15.8m | -25.2% |
| Amounts payable after more than one year | 17 | - | €46,814,079 | +€46.8m | |
| Financial debts | 170/4 | - | €46,814,079 | +€46.8m | |
| Amounts payable within one year | 42/48 | €62,538,427 | €30,945 | -€62.5m | -100.0% |
| Financial debts | 43 | €30,000,000 | €0 | -€30.0m | -100.0% |
| Credit institutions | 430/8 | €30,000,000 | €0 | -€30.0m | -100.0% |
| Trade debts | 44 | €61,863 | €30,945 | -€30,917 | -50.0% |
| Suppliers | 440/4 | €61,863 | €30,945 | -€30,917 | -50.0% |
| Other amounts payable | 47/48 | €32,476,564 | €0 | -€32.5m | -100.0% |
| Accrued charges and deferred income | 492/3 | €87,611 | €0 | -€87,611 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,331 | €88 | -€2,244 | -96.2% |
| Other operating charges | 640/8 | €818 | €636 | -€182 | -22.3% |
| Gross operating margin | 9900 | -€318,456 | -€54,949 | +€263,506 | +82.7% |
| Operating profit (loss) | 9901 | -€321,605 | -€55,673 | +€265,932 | +82.7% |
| Financial income | 75/76B | €2,043,186 | €3,786,251 | +€1.7m | +85.3% |
| Recurring financial income | 75 | €2,043,186 | €3,786,251 | +€1.7m | +85.3% |
| Financial charges | 65/66B | €2,767,294 | €4,717,502 | +€2.0m | +70.5% |
| Recurring financial charges | 65 | €2,767,294 | €3,474,049 | +€706,756 | +25.5% |
| Non-recurring financial charges | 66B | - | €1,243,452 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€1,045,713 | -€986,923 | +€58,789 | +5.6% |
| Income taxes | 67/77 | - | €176,475 | +€176,475 | |
| Profit (loss) for the period | 9904 | -€1,045,713 | -€1,163,398 | -€117,686 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,045,713 | -€1,163,398 | -€117,686 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.