OTLM: 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.
OTLM
Largest movements
- Current investments +€200,000
new in 2024: €200,000
- Cash -€76,288
down €76,288 (-35.2%), from €216,936 to €140,648
mainly Current investments (-€200,000) and Deferred charges and accrued income (-€53,577)
- Deferred charges and accrued income +€53,577
up €53,577 (+44.6%), from €120,093 to €173,670
- Tangible fixed assets +€34,623
up €34,623 (+296.3%), from €11,686 to €46,309
of which Other tangible fixed assets: +€42,094
- Receivables within one year +€15,100
up €15,100 (+14.6%), from €103,467 to €118,567
of which Other amounts receivable: +€13,543
- Reserves +€215,726
up €215,726 (+54.9%), from €393,014 to €608,740
of which Distributable reserves: +€215,726
- Tax, wage and social debts +€8,756
up €8,756 (+29.2%), from €29,941 to €38,697
of which Taxes: +€8,756
- Gross operating margin +€111,696
up €111,696 (+52.0%), from €214,874 to €326,570
- Taxes +€35,989
up €35,989 (+57.4%), from €62,708 to €98,697
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 | €452,182 | €679,194 | +€227,012 | +50.2% |
| Fixed assets | 21/28 | €11,686 | €46,309 | +€34,623 | +296.3% |
| Tangible fixed assets | 22/27 | €11,686 | €46,309 | +€34,623 | +296.3% |
| Furniture and vehicles | 24 | €1,700 | €1,700 | = | 0.0% |
| Leasing and similar rights | 25 | €7,777 | €306 | -€7,471 | -96.1% |
| Other tangible fixed assets | 26 | €2,208 | €44,303 | +€42,094 | +1906.1% |
| Current assets | 29/58 | €440,496 | €632,885 | +€192,389 | +43.7% |
| Amounts receivable within one year | 40/41 | €103,467 | €118,567 | +€15,100 | +14.6% |
| Trade receivables | 40 | - | €1,557 | +€1,557 | |
| Other amounts receivable | 41 | €103,467 | €117,010 | +€13,543 | +13.1% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €216,936 | €140,648 | -€76,288 | -35.2% |
| Deferred charges and accrued income | 490/1 | €120,093 | €173,670 | +€53,577 | +44.6% |
| Total equity and liabilities | 10/49 | €452,182 | €679,194 | +€227,012 | +50.2% |
| Equity | 10/15 | €411,614 | €627,340 | +€215,726 | +52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €393,014 | €608,740 | +€215,726 | +54.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €391,154 | €606,880 | +€215,726 | +55.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,568 | €51,854 | +€11,286 | +27.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,568 | €51,610 | +€11,043 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €1,155 | €0 | -€1,155 | -100.0% |
| Trade debts | 44 | €583 | €1,006 | +€423 | +72.7% |
| Suppliers | 440/4 | €583 | €1,006 | +€423 | +72.7% |
| Taxes, remuneration and social security | 45 | €29,941 | €38,697 | +€8,756 | +29.2% |
| Taxes | 450/3 | €29,941 | €38,697 | +€8,756 | +29.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,889 | €11,908 | +€3,018 | +34.0% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,092 | €9,960 | +€1,868 | +23.1% |
| Other operating charges | 640/8 | €3,463 | €867 | -€2,596 | -75.0% |
| Gross operating margin | 9900 | €214,874 | €326,570 | +€111,696 | +52.0% |
| Operating profit (loss) | 9901 | €203,319 | €315,743 | +€112,424 | +55.3% |
| Financial income | 75/76B | €0 | €967 | +€967 | |
| Recurring financial income | 75 | €0 | €967 | +€967 | |
| Financial charges | 65/66B | €100 | €2,286 | +€2,186 | +2187.1% |
| Recurring financial charges | 65 | €100 | €2,286 | +€2,186 | +2187.1% |
| Profit (loss) for the period before taxes | 9903 | €203,219 | €314,423 | +€111,205 | +54.7% |
| Income taxes | 67/77 | €62,708 | €98,697 | +€35,989 | +57.4% |
| Profit (loss) for the period | 9904 | €140,511 | €215,726 | +€75,215 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,511 | €215,726 | +€75,215 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.