OTORINO: 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.
OTORINO
Largest movements
- Cash +€956,852
up €956,852 (+192%), from €498,269 to €1.5m
mainly Current investments (+€700,000) and Net result for the year (+€297,503)
- Current investments -€700,000
down €700,000 (-69.8%), from €1.0m to €303,000
- Tangible fixed assets -€19,755
down €19,755 (-22.5%), from €87,965 to €68,211
of which Furniture and vehicles: -€10,917
- Reserves +€197,500
up €197,500 (+22.3%), from €886,600 to €1.1m
- Other debts +€48,956
up €48,956 (+76.9%), from €63,659 to €112,615
- Financial income +€38,011
up €38,011 (+581%), from €6,545 to €44,556
- Gross operating margin +€29,855
up €29,855 (+7.5%), from €397,739 to €427,594
- Taxes +€20,342
up €20,342 (+18.1%), from €112,652 to €132,995
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.
Derived cash bridge
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 | €1,605,754 | €1,855,258 | +€249,505 | +15.5% |
| Fixed assets | 21/28 | €87,965 | €68,481 | -€19,485 | -22.2% |
| Tangible fixed assets | 22/27 | €87,965 | €68,211 | -€19,755 | -22.5% |
| Plant, machinery and equipment | 23 | €2,317 | €998 | -€1,319 | -56.9% |
| Furniture and vehicles | 24 | €61,641 | €50,723 | -€10,917 | -17.7% |
| Other tangible fixed assets | 26 | €24,007 | €16,489 | -€7,518 | -31.3% |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €1,517,788 | €1,786,778 | +€268,990 | +17.7% |
| Amounts receivable within one year | 40/41 | €14,570 | €24,942 | +€10,372 | +71.2% |
| Other amounts receivable | 41 | €14,570 | €24,942 | +€10,372 | +71.2% |
| Current investments | 50/53 | €1,003,000 | €303,000 | -€700,000 | -69.8% |
| Cash at bank and in hand | 54/58 | €498,269 | €1,455,121 | +€956,852 | +192% |
| Deferred charges and accrued income | 490/1 | €1,949 | €3,715 | +€1,766 | +90.6% |
| Total equity and liabilities | 10/49 | €1,605,754 | €1,855,258 | +€249,505 | +15.5% |
| Equity | 10/15 | €1,455,150 | €1,651,820 | +€196,670 | +13.5% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €886,600 | €1,084,100 | +€197,500 | +22.3% |
| Distributable reserves | 133 | €886,600 | €1,084,100 | +€197,500 | +22.3% |
| Profit (loss) carried forward | 14 | €338,550 | €337,720 | -€830 | -0.2% |
| Amounts payable | 17/49 | €150,604 | €203,439 | +€52,835 | +35.1% |
| Amounts payable after more than one year | 17 | €32,450 | €24,928 | -€7,522 | -23.2% |
| Financial debts | 170/4 | €32,450 | €24,928 | -€7,522 | -23.2% |
| Amounts payable within one year | 42/48 | €118,153 | €178,511 | +€60,357 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €17,924 | €21,291 | +€3,367 | +18.8% |
| Trade debts | 44 | €9,070 | €12,105 | +€3,035 | +33.5% |
| Suppliers | 440/4 | €9,070 | €12,105 | +€3,035 | +33.5% |
| Taxes, remuneration and social security | 45 | €27,500 | €32,500 | +€5,000 | +18.2% |
| Taxes | 450/3 | €27,500 | €32,500 | +€5,000 | +18.2% |
| Other amounts payable | 47/48 | €63,659 | €112,615 | +€48,956 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,114 | €36,463 | -€651 | -1.8% |
| Other operating charges | 640/8 | €266 | €3,350 | +€3,084 | +1,160% |
| Gross operating margin | 9900 | €397,739 | €427,594 | +€29,855 | +7.5% |
| Operating profit (loss) | 9901 | €360,359 | €387,781 | +€27,422 | +7.6% |
| Financial income | 75/76B | €6,545 | €44,556 | +€38,011 | +581% |
| Recurring financial income | 75 | €6,545 | €44,556 | +€38,011 | +581% |
| Financial charges | 65/66B | €1,244 | €1,840 | +€596 | +47.9% |
| Recurring financial charges | 65 | €1,244 | €1,840 | +€596 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €365,660 | €430,497 | +€64,838 | +17.7% |
| Income taxes | 67/77 | €112,652 | €132,995 | +€20,342 | +18.1% |
| Profit (loss) for the period | 9904 | €253,007 | €297,503 | +€44,496 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €253,007 | €297,503 | +€44,496 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.