OTR: 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.
OTR
Largest movements
- Cash +€11,640
up €11,640 (+293%), from €3,979 to €15,619
mainly Net result for the year (+€30,469) and Other debts (+€9,287)
- Receivables within one year +€2,789
up €2,789 (+35.5%), from €7,864 to €10,653
- Tangible fixed assets -€1,962
down €1,962 (-29.6%), from €6,638 to €4,676
of which Furniture and vehicles: -€1,641
- Other debts +€9,287
up €9,287 (+131%), from €7,114 to €16,401
- Short-term financial debts +€3,028
new in 2025: €3,028
- Trade debts -€397
down €397 (-25.1%), from €1,582 to €1,185
- Tax, wage and social debts +€324
up €324 (+6.1%), from €5,332 to €5,657
- Gross operating margin +€13,258
up €13,258 (+42.4%), from €31,299 to €44,557
- Taxes +€1,619
up €1,619 (+16.3%), from €9,912 to €11,531
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 | €19,036 | €31,270 | +€12,235 | +64.3% |
| Fixed assets | 21/28 | €6,638 | €4,676 | -€1,962 | -29.6% |
| Tangible fixed assets | 22/27 | €6,638 | €4,676 | -€1,962 | -29.6% |
| Land and buildings | 22 | €569 | €247 | -€321 | -56.5% |
| Furniture and vehicles | 24 | €6,069 | €4,428 | -€1,641 | -27.0% |
| Current assets | 29/58 | €12,398 | €26,595 | +€14,197 | +115% |
| Amounts receivable within one year | 40/41 | €7,864 | €10,653 | +€2,789 | +35.5% |
| Trade receivables | 40 | €7,864 | €10,653 | +€2,789 | +35.5% |
| Cash at bank and in hand | 54/58 | €3,979 | €15,619 | +€11,640 | +293% |
| Deferred charges and accrued income | 490/1 | €555 | €323 | -€232 | -41.9% |
| Total equity and liabilities | 10/49 | €19,036 | €31,270 | +€12,235 | +64.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €14,036 | €26,270 | +€12,235 | +87.2% |
| Amounts payable within one year | 42/48 | €14,029 | €26,270 | +€12,242 | +87.3% |
| Financial debts | 43 | - | €3,028 | +€3,028 | |
| Credit institutions | 430/8 | - | €3,028 | +€3,028 | |
| Trade debts | 44 | €1,582 | €1,185 | -€397 | -25.1% |
| Suppliers | 440/4 | €1,582 | €1,185 | -€397 | -25.1% |
| Taxes, remuneration and social security | 45 | €5,332 | €5,657 | +€324 | +6.1% |
| Taxes | 450/3 | €5,332 | €5,657 | +€324 | +6.1% |
| Other amounts payable | 47/48 | €7,114 | €16,401 | +€9,287 | +131% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,969 | €1,962 | -€7 | -0.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,299 | €44,557 | +€13,258 | +42.4% |
| Operating profit (loss) | 9901 | €28,942 | €42,195 | +€13,253 | +45.8% |
| Financial charges | 65/66B | €212 | €195 | -€17 | -8.0% |
| Recurring financial charges | 65 | €212 | €195 | -€17 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €28,730 | €42,000 | +€13,270 | +46.2% |
| Income taxes | 67/77 | €9,912 | €11,531 | +€1,619 | +16.3% |
| Profit (loss) for the period | 9904 | €18,818 | €30,469 | +€11,651 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,818 | €30,469 | +€11,651 | +61.9% |
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 28 October 2026 via checked.be.