Otovo BE: 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.
Otovo BE
Largest movements
- Receivables within one year +€61,655
up €61,655 (+360%), from €17,137 to €78,792
of which Trade receivables: +€50,613
- Deferred charges and accrued income +€4,921
new in 2025: €4,921
- Cash +€3,064
up €3,064 (+68.4%), from €4,480 to €7,543
mainly Debts after one year (+€127,174) and Trade debts (+€13,707)
- Debts after one year +€127,174
up €127,174 (+34.9%), from €364,172 to €491,346
- Profit (loss) carried forward -€69,508
down €69,508 (-1.6%), from -€4.3m to -€4.4m
- Trade debts +€13,707
up €13,707 (+7.2%), from €191,344 to €205,051
- Tax, wage and social debts -€6,768
down €6,768 (-70.8%), from €9,564 to €2,796
of which Taxes: -€6,768
- Other debts +€5,034
up €5,034 (+11.8%), from €42,589 to €47,623
- Gross operating margin +€814,199
up €814,199 (+99.4%), from -€818,801 to -€4,602
- Staff costs -€397,645
down €397,645, from €397,586 to -€59
- Financial charges -€92,360
down €92,360 (-80.3%), from €115,073 to €22,713
- Write-downs +€51,475
up €51,475 (+1,093%), from €4,709 to €56,184
- Financial income -€18,055
down €18,055 (-55.0%), from €32,845 to €14,790
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 | €21,617 | €91,257 | +€69,640 | +322% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €21,617 | €91,257 | +€69,640 | +322% |
| Amounts receivable within one year | 40/41 | €17,137 | €78,792 | +€61,655 | +360% |
| Trade receivables | 40 | €13,564 | €64,177 | +€50,613 | +373% |
| Other amounts receivable | 41 | €3,574 | €14,615 | +€11,042 | +309% |
| Cash at bank and in hand | 54/58 | €4,480 | €7,543 | +€3,064 | +68.4% |
| Deferred charges and accrued income | 490/1 | - | €4,921 | +€4,921 | |
| Total equity and liabilities | 10/49 | €21,617 | €91,257 | +€69,640 | +322% |
| Equity | 10/15 | -€586,051 | -€655,559 | -€69,508 | -11.9% |
| Contributions | 10/11 | €3,710,000 | €3,710,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,296,051 | -€4,365,559 | -€69,508 | -1.6% |
| Amounts payable | 17/49 | €607,668 | €746,816 | +€139,147 | +22.9% |
| Amounts payable after more than one year | 17 | €364,172 | €491,346 | +€127,174 | +34.9% |
| Financial debts | 170/4 | €364,172 | €491,346 | +€127,174 | +34.9% |
| Amounts payable within one year | 42/48 | €243,497 | €255,470 | +€11,973 | +4.9% |
| Trade debts | 44 | €191,344 | €205,051 | +€13,707 | +7.2% |
| Suppliers | 440/4 | €191,344 | €205,051 | +€13,707 | +7.2% |
| Taxes, remuneration and social security | 45 | €9,564 | €2,796 | -€6,768 | -70.8% |
| Taxes | 450/3 | €9,564 | €2,796 | -€6,768 | -70.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,589 | €47,623 | +€5,034 | +11.8% |
| Remuneration, social security and pensions | 62 | €397,586 | -€59 | -€397,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,811 | €0 | -€4,811 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,709 | €56,184 | +€51,475 | +1,093% |
| Other operating charges | 640/8 | - | €858 | +€858 | |
| Gross operating margin | 9900 | -€818,801 | -€4,602 | +€814,199 | +99.4% |
| Operating profit (loss) | 9901 | -€1,225,907 | -€61,585 | +€1.2m | +95.0% |
| Financial income | 75/76B | €32,845 | €14,790 | -€18,055 | -55.0% |
| Recurring financial income | 75 | €32,845 | €14,790 | -€18,055 | -55.0% |
| Financial charges | 65/66B | €115,073 | €22,713 | -€92,360 | -80.3% |
| Recurring financial charges | 65 | €115,073 | €22,713 | -€92,360 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,308,134 | -€69,508 | +€1.2m | +94.7% |
| Profit (loss) for the period | 9904 | -€1,308,134 | -€69,508 | +€1.2m | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,308,134 | -€69,508 | +€1.2m | +94.7% |
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 31 October 2026 via checked.be.