OTKAS: 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.
OTKAS
Largest movements
- Tangible fixed assets -€23,112
down €23,112 (-8.8%), from €262,862 to €239,750
of which Furniture and vehicles: -€13,414
- Cash +€15,778
up €15,778 (+19.0%), from €83,223 to €99,001
mainly Depreciation (+€44,240) and Net result for the year (+€25,463)
- Deferred charges and accrued income -€6,733
down €6,733 (-53.0%), from €12,714 to €5,981
- Debts after one year -€49,171
down €49,171 (-17.6%), from €279,628 to €230,457
of which Financial debts: -€36,897
- Reserves +€25,463
up €25,463 (+35.5%), from €71,758 to €97,221
- Other operating charges -€32,316
down €32,316 (-81.7%), from €39,540 to €7,224
- Gross operating margin -€23,476
down €23,476 (-15.9%), from €147,714 to €124,239
- Staff costs +€11,716
up €11,716 (+59.2%), from €19,789 to €31,505
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 | €434,160 | €418,718 | -€15,442 | -3.6% |
| Fixed assets | 21/28 | €267,956 | €241,722 | -€26,234 | -9.8% |
| Intangible fixed assets | 21 | €5,094 | €1,972 | -€3,122 | -61.3% |
| Tangible fixed assets | 22/27 | €262,862 | €239,750 | -€23,112 | -8.8% |
| Land and buildings | 22 | €206,097 | €204,481 | -€1,616 | -0.8% |
| Plant, machinery and equipment | 23 | €19,511 | €11,428 | -€8,082 | -41.4% |
| Furniture and vehicles | 24 | €37,255 | €23,841 | -€13,414 | -36.0% |
| Current assets | 29/58 | €166,203 | €176,995 | +€10,792 | +6.5% |
| Amounts receivable within one year | 40/41 | €70,266 | €72,013 | +€1,747 | +2.5% |
| Trade receivables | 40 | €65,980 | €67,149 | +€1,169 | +1.8% |
| Other amounts receivable | 41 | €4,286 | €4,864 | +€578 | +13.5% |
| Cash at bank and in hand | 54/58 | €83,223 | €99,001 | +€15,778 | +19.0% |
| Deferred charges and accrued income | 490/1 | €12,714 | €5,981 | -€6,733 | -53.0% |
| Total equity and liabilities | 10/49 | €434,160 | €418,718 | -€15,442 | -3.6% |
| Equity | 10/15 | €90,358 | €115,821 | +€25,463 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,758 | €97,221 | +€25,463 | +35.5% |
| Distributable reserves | 133 | €71,758 | €97,221 | +€25,463 | +35.5% |
| Amounts payable | 17/49 | €343,802 | €302,897 | -€40,905 | -11.9% |
| Amounts payable after more than one year | 17 | €279,628 | €230,457 | -€49,171 | -17.6% |
| Financial debts | 170/4 | €154,110 | €117,213 | -€36,897 | -23.9% |
| Other amounts payable | 178/9 | €125,518 | €113,244 | -€12,274 | -9.8% |
| Amounts payable within one year | 42/48 | €44,858 | €48,973 | +€4,115 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €35,679 | €36,897 | +€1,218 | +3.4% |
| Trade debts | 44 | €6,243 | €8,134 | +€1,892 | +30.3% |
| Suppliers | 440/4 | €6,243 | €8,134 | +€1,892 | +30.3% |
| Advances received on contracts in progress | 46 | €100 | €0 | -€100 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,836 | €3,942 | +€1,106 | +39.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,836 | €3,942 | +€1,106 | +39.0% |
| Accrued charges and deferred income | 492/3 | €19,315 | €23,466 | +€4,151 | +21.5% |
| Remuneration, social security and pensions | 62 | €19,789 | €31,505 | +€11,716 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,586 | €44,240 | -€346 | -0.8% |
| Other operating charges | 640/8 | €39,540 | €7,224 | -€32,316 | -81.7% |
| Gross operating margin | 9900 | €147,714 | €124,239 | -€23,476 | -15.9% |
| Operating profit (loss) | 9901 | €43,800 | €41,270 | -€2,530 | -5.8% |
| Financial income | 75/76B | €221 | €813 | +€592 | +267.4% |
| Recurring financial income | 75 | €221 | €813 | +€592 | +267.4% |
| Financial charges | 65/66B | €7,404 | €6,485 | -€919 | -12.4% |
| Recurring financial charges | 65 | €7,404 | €6,485 | -€919 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €36,617 | €35,598 | -€1,019 | -2.8% |
| Income taxes | 67/77 | €10,714 | €10,136 | -€578 | -5.4% |
| Profit (loss) for the period | 9904 | €25,903 | €25,463 | -€440 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,903 | €25,463 | -€440 | -1.7% |
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 9 October 2026 via checked.be.