OTM TEC: 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.
OTM TEC
Largest movements
- Cash -€10,392
down €10,392 (-58.7%), from €17,703 to €7,311
mainly Receivables within one year (-€9,461) and Other debts (-€7,791)
- Receivables within one year +€9,461
up €9,461 (+212.4%), from €4,455 to €13,916
of which Trade receivables: +€11,541
- Deferred charges and accrued income +€2,920
up €2,920 (+1346.7%), from €217 to €3,137
- Other debts -€7,791
down €7,791 (-54.3%), from €14,358 to €6,567
- Trade debts +€4,047
up €4,047 (+691.0%), from €586 to €4,632
of which Bills of exchange payable: +€3,310
- Tax, wage and social debts +€3,589
up €3,589 (+182.9%), from €1,963 to €5,552
of which Remuneration and social security: +€5,000
- Profit (loss) carried forward +€2,144
up €2,144 (+54.0%), from €3,968 to €6,112
- Gross operating margin -€6,742
down €6,742 (-75.9%), from €8,886 to €2,144
- Other operating charges -€156
no longer reported in 2024 (was €156)
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 | €22,374 | €24,363 | +€1,989 | +8.9% |
| Current assets | 29/58 | €22,374 | €24,363 | +€1,989 | +8.9% |
| Amounts receivable within one year | 40/41 | €4,455 | €13,916 | +€9,461 | +212.4% |
| Trade receivables | 40 | €2,213 | €13,754 | +€11,541 | +521.5% |
| Other amounts receivable | 41 | €2,241 | €162 | -€2,080 | -92.8% |
| Cash at bank and in hand | 54/58 | €17,703 | €7,311 | -€10,392 | -58.7% |
| Deferred charges and accrued income | 490/1 | €217 | €3,137 | +€2,920 | +1346.7% |
| Total equity and liabilities | 10/49 | €22,374 | €24,363 | +€1,989 | +8.9% |
| Equity | 10/15 | €5,468 | €7,612 | +€2,144 | +39.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,968 | €6,112 | +€2,144 | +54.0% |
| Amounts payable | 17/49 | €16,906 | €16,751 | -€155 | -0.9% |
| Amounts payable within one year | 42/48 | €16,906 | €16,751 | -€155 | -0.9% |
| Trade debts | 44 | €586 | €4,632 | +€4,047 | +691.0% |
| Suppliers | 440/4 | €26 | €762 | +€736 | +2828.5% |
| Bills of exchange payable | 441 | €560 | €3,870 | +€3,310 | +591.6% |
| Taxes, remuneration and social security | 45 | €1,963 | €5,552 | +€3,589 | +182.9% |
| Taxes | 450/3 | €1,963 | €552 | -€1,411 | -71.9% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €14,358 | €6,567 | -€7,791 | -54.3% |
| Other operating charges | 640/8 | €156 | - | -€156 | |
| Gross operating margin | 9900 | €8,886 | €2,144 | -€6,742 | -75.9% |
| Operating profit (loss) | 9901 | €8,730 | €2,144 | -€6,585 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €8,730 | €2,144 | -€6,585 | -75.4% |
| Profit (loss) for the period | 9904 | €8,730 | €2,144 | -€6,585 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,730 | €2,144 | -€6,585 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.