OTIUM SECURITIES: 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 SECURITIES
Largest movements
- Financial fixed assets -€8.1m
down €8.1m (-21.0%), from €38.7m to €30.6m
- Receivables within one year +€3.7m
new in 2025: €3.7m
- Profit (loss) carried forward -€3.0m
down €3.0m (-2,060%), from -€143,992 to -€3.1m
- Other debts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Financial charges +€3.1m
up €3.1m (+2,953%), from €103,596 to €3.2m
of which Non-recurring financial charges: +€2.9m
- Financial income +€341,112
up €341,112 (+147%), from €231,738 to €572,850
of which Non-recurring financial income: +€260,727
- Gross operating margin -€105,257
down €105,257 (-39.0%), from -€269,932 to -€375,189
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 | €38,810,847 | €34,369,799 | -€4.4m | -11.4% |
| Formation expenses | 20 | €231 | €0 | -€231 | -100% |
| Fixed assets | 21/28 | €38,729,914 | €30,606,759 | -€8.1m | -21.0% |
| Financial fixed assets | 28 | €38,729,914 | €30,606,759 | -€8.1m | -21.0% |
| Current assets | 29/58 | €80,702 | €3,763,039 | +€3.7m | +4,563% |
| Amounts receivable within one year | 40/41 | - | €3,743,700 | +€3.7m | |
| Other amounts receivable | 41 | - | €3,743,700 | +€3.7m | |
| Cash at bank and in hand | 54/58 | €60,702 | €3,103 | -€57,599 | -94.9% |
| Deferred charges and accrued income | 490/1 | €20,000 | €16,237 | -€3,763 | -18.8% |
| Total equity and liabilities | 10/49 | €38,810,847 | €34,369,799 | -€4.4m | -11.4% |
| Equity | 10/15 | €37,039,022 | €34,072,679 | -€3.0m | -8.0% |
| Contributions | 10/11 | €37,183,014 | €37,183,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,992 | -€3,110,335 | -€3.0m | -2,060% |
| Amounts payable | 17/49 | €1,771,825 | €297,120 | -€1.5m | -83.2% |
| Amounts payable within one year | 42/48 | €1,771,825 | €297,120 | -€1.5m | -83.2% |
| Trade debts | 44 | €236,236 | €297,120 | +€60,884 | +25.8% |
| Suppliers | 440/4 | €236,236 | €297,120 | +€60,884 | +25.8% |
| Other amounts payable | 47/48 | €1,535,589 | €0 | -€1.5m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,154 | €231 | -€923 | -80.0% |
| Other operating charges | 640/8 | €1,049 | €522 | -€526 | -50.2% |
| Gross operating margin | 9900 | -€269,932 | -€375,189 | -€105,257 | -39.0% |
| Operating profit (loss) | 9901 | -€272,134 | -€375,942 | -€103,808 | -38.1% |
| Financial income | 75/76B | €231,738 | €572,850 | +€341,112 | +147% |
| Recurring financial income | 75 | €231,738 | €312,123 | +€80,385 | +34.7% |
| Non-recurring financial income | 76B | - | €260,727 | +€260,727 | |
| Financial charges | 65/66B | €103,596 | €3,163,251 | +€3.1m | +2,953% |
| Recurring financial charges | 65 | €33,596 | €145,178 | +€111,582 | +332% |
| Non-recurring financial charges | 66B | €70,000 | €3,018,074 | +€2.9m | +4,212% |
| Profit (loss) for the period before taxes | 9903 | -€143,992 | -€2,966,343 | -€2.8m | -1,960% |
| Profit (loss) for the period | 9904 | -€143,992 | -€2,966,343 | -€2.8m | -1,960% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,992 | -€2,966,343 | -€2.8m | -1,960% |
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 16 October 2026 via checked.be.