OTOK: 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.
OTOK
Largest movements
- Cash -€82,527
down €82,527 (-63.7%), from €129,595 to €47,068
mainly Contributions, distributions and other (-€93,740) and Other debts (-€37,767)
- Tangible fixed assets -€18,948
down €18,948 (-17.9%), from €106,001 to €87,053
of which Furniture and vehicles: -€21,585
- Receivables within one year -€5,236
down €5,236 (-19.8%), from €26,490 to €21,254
of which Other amounts receivable: -€2,822
- Other debts -€37,767
down €37,767 (-31.3%), from €120,700 to €82,933
- Profit (loss) carried forward -€37,511
down €37,511 (-100.0%), from €37,520 to €9
- Debts after one year -€20,181
down €20,181 (-40.2%), from €50,147 to €29,967
- Trade debts -€8,941
down €8,941 (-90.5%), from €9,879 to €938
- Tax, wage and social debts -€2,839
down €2,839 (-11.7%), from €24,186 to €21,347
- Gross operating margin +€15,638
up €15,638 (+18.2%), from €85,851 to €101,489
- Depreciation +€6,734
up €6,734 (+32.3%), from €20,826 to €27,560
- Taxes +€2,640
up €2,640 (+21.6%), from €12,212 to €14,852
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,086 | €155,375 | -€106,711 | -40.7% |
| Fixed assets | 21/28 | €106,001 | €87,053 | -€18,948 | -17.9% |
| Tangible fixed assets | 22/27 | €106,001 | €87,053 | -€18,948 | -17.9% |
| Land and buildings | 22 | €28,874 | €31,714 | +€2,841 | +9.8% |
| Plant, machinery and equipment | 23 | €762 | €559 | -€203 | -26.7% |
| Furniture and vehicles | 24 | €76,365 | €54,780 | -€21,585 | -28.3% |
| Current assets | 29/58 | €156,085 | €68,322 | -€87,763 | -56.2% |
| Amounts receivable within one year | 40/41 | €26,490 | €21,254 | -€5,236 | -19.8% |
| Trade receivables | 40 | €23,668 | €21,254 | -€2,414 | -10.2% |
| Other amounts receivable | 41 | €2,822 | - | -€2,822 | |
| Cash at bank and in hand | 54/58 | €129,595 | €47,068 | -€82,527 | -63.7% |
| Total equity and liabilities | 10/49 | €262,086 | €155,375 | -€106,711 | -40.7% |
| Equity | 10/15 | €37,520 | €9 | -€37,511 | -100.0% |
| Profit (loss) carried forward | 14 | €37,520 | €9 | -€37,511 | -100.0% |
| Amounts payable | 17/49 | €224,565 | €155,365 | -€69,200 | -30.8% |
| Amounts payable after more than one year | 17 | €50,147 | €29,967 | -€20,181 | -40.2% |
| Financial debts | 170/4 | €50,147 | €29,967 | -€20,181 | -40.2% |
| Amounts payable within one year | 42/48 | €174,418 | €125,399 | -€49,020 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €19,653 | €20,181 | +€527 | +2.7% |
| Trade debts | 44 | €9,879 | €938 | -€8,941 | -90.5% |
| Suppliers | 440/4 | €9,879 | €938 | -€8,941 | -90.5% |
| Taxes, remuneration and social security | 45 | €24,186 | €21,347 | -€2,839 | -11.7% |
| Taxes | 450/3 | €24,186 | €21,347 | -€2,839 | -11.7% |
| Other amounts payable | 47/48 | €120,700 | €82,933 | -€37,767 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,826 | €27,560 | +€6,734 | +32.3% |
| Other operating charges | 640/8 | €866 | €1,055 | +€189 | +21.9% |
| Non-recurring operating charges | 66A | €4,558 | - | -€4,558 | |
| Gross operating margin | 9900 | €85,851 | €101,489 | +€15,638 | +18.2% |
| Operating profit (loss) | 9901 | €59,602 | €72,874 | +€13,272 | +22.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,592 | €1,792 | +€200 | +12.5% |
| Recurring financial charges | 65 | €1,592 | €1,792 | +€200 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €58,009 | €71,082 | +€13,072 | +22.5% |
| Income taxes | 67/77 | €12,212 | €14,852 | +€2,640 | +21.6% |
| Profit (loss) for the period | 9904 | €45,797 | €56,229 | +€10,432 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,797 | €56,229 | +€10,432 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.