OTOMAN: 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.
OTOMAN
Largest movements
- Tangible fixed assets +€27,814
up €27,814 (+183.2%), from €15,182 to €42,996
of which Furniture and vehicles: +€29,057
- Cash -€19,576
down €19,576 (-88.0%), from €22,240 to €2,664
mainly Investment in fixed assets (net) (-€33,475) and Trade debts (-€28,790)
- Receivables within one year +€3,920
up €3,920 (+8.2%), from €47,558 to €51,478
of which Trade receivables: +€9,931
- Trade debts -€28,790
down €28,790 (-37.8%), from €76,194 to €47,404
- Other debts +€16,142
new in 2025: €16,142
- Tax, wage and social debts +€8,531
new in 2025: €8,531
of which Taxes: +€7,643
- Profit (loss) carried forward +€8,183
up €8,183 (+165.9%), from €4,931 to €13,114
- Short-term financial debts +€8,091
up €8,091 (+489.7%), from €1,652 to €9,744
- Gross operating margin -€15,446
down €15,446 (-13.4%), from €115,278 to €99,832
- Staff costs -€12,074
down €12,074 (-12.9%), from €93,800 to €81,726
- Depreciation -€3,212
down €3,212 (-36.2%), from €8,874 to €5,661
- Taxes -€1,360
no longer reported in 2025 (was €1,360)
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 | €172,876 | €185,034 | +€12,158 | +7.0% |
| Fixed assets | 21/28 | €15,276 | €43,090 | +€27,814 | +182.1% |
| Tangible fixed assets | 22/27 | €15,182 | €42,996 | +€27,814 | +183.2% |
| Plant, machinery and equipment | 23 | €11,438 | €10,195 | -€1,243 | -10.9% |
| Furniture and vehicles | 24 | €3,744 | €32,801 | +€29,057 | +776.1% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €157,600 | €141,945 | -€15,656 | -9.9% |
| Amounts receivable within one year | 40/41 | €47,558 | €51,478 | +€3,920 | +8.2% |
| Trade receivables | 40 | €41,546 | €51,478 | +€9,931 | +23.9% |
| Other amounts receivable | 41 | €6,011 | - | -€6,011 | |
| Cash at bank and in hand | 54/58 | €22,240 | €2,664 | -€19,576 | -88.0% |
| Deferred charges and accrued income | 490/1 | €87,803 | €87,803 | = | 0.0% |
| Total equity and liabilities | 10/49 | €172,876 | €185,034 | +€12,158 | +7.0% |
| Equity | 10/15 | €95,030 | €103,213 | +€8,183 | +8.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Capital | 10 | €43,600 | €43,600 | = | 0.0% |
| Issued capital | 100 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €46,499 | €46,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,519 | €2,519 | = | 0.0% |
| Legal reserve | 130 | €2,519 | €2,519 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,980 | €43,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,931 | €13,114 | +€8,183 | +165.9% |
| Amounts payable | 17/49 | €77,846 | €81,821 | +€3,975 | +5.1% |
| Amounts payable within one year | 42/48 | €77,846 | €81,821 | +€3,975 | +5.1% |
| Financial debts | 43 | €1,652 | €9,744 | +€8,091 | +489.7% |
| Credit institutions | 430/8 | €1,652 | €9,744 | +€8,091 | +489.7% |
| Trade debts | 44 | €76,194 | €47,404 | -€28,790 | -37.8% |
| Suppliers | 440/4 | €76,194 | €47,404 | -€28,790 | -37.8% |
| Taxes, remuneration and social security | 45 | - | €8,531 | +€8,531 | |
| Taxes | 450/3 | - | €7,643 | +€7,643 | |
| Remuneration and social security | 454/9 | - | €889 | +€889 | |
| Other amounts payable | 47/48 | - | €16,142 | +€16,142 | |
| Remuneration, social security and pensions | 62 | €93,800 | €81,726 | -€12,074 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,874 | €5,661 | -€3,212 | -36.2% |
| Other operating charges | 640/8 | €1,540 | €1,631 | +€91 | +5.9% |
| Gross operating margin | 9900 | €115,278 | €99,832 | -€15,446 | -13.4% |
| Operating profit (loss) | 9901 | €11,064 | €10,814 | -€251 | -2.3% |
| Financial charges | 65/66B | €2,706 | €2,631 | -€75 | -2.8% |
| Recurring financial charges | 65 | €2,706 | €2,631 | -€75 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €8,359 | €8,183 | -€176 | -2.1% |
| Income taxes | 67/77 | €1,360 | - | -€1,360 | |
| Profit (loss) for the period | 9904 | €6,998 | €8,183 | +€1,185 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,998 | €8,183 | +€1,185 | +16.9% |
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 3 October 2026 via checked.be.