OTIV: 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.
OTIV
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+170.2%), from €687,307 to €1.9m
of which Contracts in progress: +€1.1m
- Intangible fixed assets +€693,613
up €693,613 (+63.9%), from €1.1m to €1.8m
- Receivables within one year +€311,040
up €311,040 (+30.2%), from €1.0m to €1.3m
of which Trade receivables: +€583,421
- Cash +€256,803
up €256,803 (+29.4%), from €872,003 to €1.1m
mainly Contributions, distributions and other (+€4.0m) and Advances received (+€780,000)
- Tangible fixed assets +€186,194
up €186,194 (+64.8%), from €287,357 to €473,551
of which Other tangible fixed assets: +€111,197
- Contributions +€4.2m
up €4.2m (+115.0%), from €3.6m to €7.8m
- Profit (loss) carried forward -€3.0m
down €3.0m (-107.8%), from -€2.8m to -€5.8m
- Advances received +€780,000
up €780,000 (+814.4%), from €95,771 to €875,771
- Debts after one year +€353,909
up €353,909 (+61.4%), from €576,500 to €930,409
- Trade debts +€336,050
up €336,050 (+26.9%), from €1.2m to €1.6m
- Gross operating margin -€652,937
down €652,937, from €580,411 to -€72,526
- Staff costs +€443,104
up €443,104 (+21.1%), from €2.1m to €2.5m
- Depreciation +€211,859
up €211,859 (+76.2%), from €278,147 to €490,006
- Financial charges +€100,144
up €100,144 (+327.4%), from €30,587 to €130,731
- Taxes -€67,345
down €67,345, from €0 to -€67,345
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 | €4,199,102 | €6,770,863 | +€2.6m | +61.2% |
| Fixed assets | 21/28 | €1,382,270 | €2,272,942 | +€890,672 | +64.4% |
| Intangible fixed assets | 21 | €1,086,128 | €1,779,741 | +€693,613 | +63.9% |
| Tangible fixed assets | 22/27 | €287,357 | €473,551 | +€186,194 | +64.8% |
| Plant, machinery and equipment | 23 | €257,697 | €318,679 | +€60,982 | +23.7% |
| Furniture and vehicles | 24 | €29,660 | €43,676 | +€14,015 | +47.3% |
| Other tangible fixed assets | 26 | - | €111,197 | +€111,197 | |
| Financial fixed assets | 28 | €8,785 | €19,650 | +€10,865 | +123.7% |
| Current assets | 29/58 | €2,816,832 | €4,497,921 | +€1.7m | +59.7% |
| Stocks and contracts in progress | 3 | €687,307 | €1,857,199 | +€1.2m | +170.2% |
| Stocks | 30/36 | - | €48,262 | +€48,262 | |
| Contracts in progress | 37 | €687,307 | €1,808,937 | +€1.1m | +163.2% |
| Amounts receivable within one year | 40/41 | €1,031,252 | €1,342,292 | +€311,040 | +30.2% |
| Trade receivables | 40 | €70,160 | €653,581 | +€583,421 | +831.6% |
| Other amounts receivable | 41 | €961,092 | €688,712 | -€272,380 | -28.3% |
| Cash at bank and in hand | 54/58 | €872,003 | €1,128,806 | +€256,803 | +29.4% |
| Deferred charges and accrued income | 490/1 | €226,270 | €169,624 | -€56,646 | -25.0% |
| Total equity and liabilities | 10/49 | €4,199,102 | €6,770,863 | +€2.6m | +61.2% |
| Equity | 10/15 | €1,602,808 | €2,626,255 | +€1.0m | +63.9% |
| Contributions | 10/11 | €3,649,015 | €7,845,777 | +€4.2m | +115.0% |
| Profit (loss) carried forward | 14 | -€2,774,437 | -€5,765,694 | -€3.0m | -107.8% |
| Investment grants | 15 | €728,230 | €546,173 | -€182,058 | -25.0% |
| Amounts payable | 17/49 | €2,596,294 | €4,144,608 | +€1.5m | +59.6% |
| Amounts payable after more than one year | 17 | €576,500 | €930,409 | +€353,909 | +61.4% |
| Financial debts | 170/4 | €576,500 | €930,409 | +€353,909 | +61.4% |
| Amounts payable within one year | 42/48 | €1,750,516 | €3,199,230 | +€1.4m | +82.8% |
| Current portion of amounts payable after more than one year | 42 | - | €236,091 | +€236,091 | |
| Financial debts | 43 | €111,225 | €146,902 | +€35,677 | +32.1% |
| Credit institutions | 430/8 | €111,225 | €146,902 | +€35,677 | +32.1% |
| Trade debts | 44 | €1,248,314 | €1,584,364 | +€336,050 | +26.9% |
| Suppliers | 440/4 | €1,248,314 | €1,584,364 | +€336,050 | +26.9% |
| Advances received on contracts in progress | 46 | €95,771 | €875,771 | +€780,000 | +814.4% |
| Taxes, remuneration and social security | 45 | €291,165 | €356,102 | +€64,936 | +22.3% |
| Taxes | 450/3 | €23,795 | €52,599 | +€28,804 | +121.0% |
| Remuneration and social security | 454/9 | €267,370 | €303,503 | +€36,133 | +13.5% |
| Other amounts payable | 47/48 | €4,041 | €0 | -€4,041 | -100.0% |
| Accrued charges and deferred income | 492/3 | €269,278 | €14,969 | -€254,309 | -94.4% |
| Remuneration, social security and pensions | 62 | €2,104,053 | €2,547,156 | +€443,104 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,147 | €490,006 | +€211,859 | +76.2% |
| Other operating charges | 640/8 | €1,355 | €1,768 | +€412 | +30.4% |
| Gross operating margin | 9900 | €580,411 | -€72,526 | -€652,937 | |
| Operating profit (loss) | 9901 | -€1,803,144 | -€3,111,456 | -€1.3m | -72.6% |
| Financial income | 75/76B | €185,886 | €183,584 | -€2,302 | -1.2% |
| Recurring financial income | 75 | €185,886 | €183,584 | -€2,302 | -1.2% |
| Financial charges | 65/66B | €30,587 | €130,731 | +€100,144 | +327.4% |
| Recurring financial charges | 65 | €30,587 | €130,731 | +€100,144 | +327.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,647,844 | -€3,058,602 | -€1.4m | -85.6% |
| Income taxes | 67/77 | €0 | -€67,345 | -€67,345 | |
| Profit (loss) for the period | 9904 | -€1,647,844 | -€2,991,257 | -€1.3m | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,647,844 | -€2,991,257 | -€1.3m | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.