OTRA: 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.
OTRA
Largest movements
- Deferred charges and accrued income +€6,862
up €6,862 (+198%), from €3,462 to €10,324
- Cash +€4,671
up €4,671 (+733%), from €637 to €5,308
mainly Debts after one year (+€28,400) and Other debts (+€15,030)
- Receivables within one year -€4,523
down €4,523 (-1.9%), from €242,407 to €237,884
of which Trade receivables: -€18,944
- Tangible fixed assets +€2,687
up €2,687 (+201%), from €1,337 to €4,024
- Debts after one year +€28,400
up €28,400 (+160%), from €17,750 to €46,150
- Trade debts -€21,197
down €21,197 (-16.3%), from €129,731 to €108,535
- Other debts +€15,030
up €15,030 (+238%), from €6,328 to €21,358
- Tax, wage and social debts -€9,060
down €9,060 (-55.8%), from €16,246 to €7,185
of which Taxes: -€9,222
- Staff costs +€25,911
up €25,911, from €0 to €25,911
- Taxes -€9,896
down €9,896 (-85.7%), from €11,543 to €1,647
- Gross operating margin +€2,412
up €2,412 (+7.3%), from €33,161 to €35,573
- Other operating charges +€1,485
up €1,485 (+147%), from €1,008 to €2,494
- Financial charges +€1,440
up €1,440 (+145%), from €994 to €2,433
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 | €257,842 | €267,540 | +€9,698 | +3.8% |
| Fixed assets | 21/28 | €1,337 | €4,024 | +€2,687 | +201% |
| Tangible fixed assets | 22/27 | €1,337 | €4,024 | +€2,687 | +201% |
| Furniture and vehicles | 24 | €1,337 | €4,024 | +€2,687 | +201% |
| Current assets | 29/58 | €256,505 | €263,516 | +€7,011 | +2.7% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242,407 | €237,884 | -€4,523 | -1.9% |
| Trade receivables | 40 | €185,226 | €166,282 | -€18,944 | -10.2% |
| Other amounts receivable | 41 | €57,181 | €71,603 | +€14,421 | +25.2% |
| Cash at bank and in hand | 54/58 | €637 | €5,308 | +€4,671 | +733% |
| Deferred charges and accrued income | 490/1 | €3,462 | €10,324 | +€6,862 | +198% |
| Total equity and liabilities | 10/49 | €257,842 | €267,540 | +€9,698 | +3.8% |
| Equity | 10/15 | €83,291 | €84,311 | +€1,020 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,691 | €50,711 | +€1,020 | +2.1% |
| Amounts payable | 17/49 | €174,551 | €183,228 | +€8,678 | +5.0% |
| Amounts payable after more than one year | 17 | €17,750 | €46,150 | +€28,400 | +160% |
| Other amounts payable | 178/9 | €17,750 | €46,150 | +€28,400 | +160% |
| Amounts payable within one year | 42/48 | €156,801 | €137,078 | -€19,722 | -12.6% |
| Financial debts | 43 | €2,496 | €0 | -€2,496 | -100% |
| Credit institutions | 430/8 | €2,496 | €0 | -€2,496 | -100% |
| Trade debts | 44 | €129,731 | €108,535 | -€21,197 | -16.3% |
| Suppliers | 440/4 | €129,731 | €108,535 | -€21,197 | -16.3% |
| Advances received on contracts in progress | 46 | €2,000 | €0 | -€2,000 | -100% |
| Taxes, remuneration and social security | 45 | €16,246 | €7,185 | -€9,060 | -55.8% |
| Taxes | 450/3 | €16,246 | €7,024 | -€9,222 | -56.8% |
| Remuneration and social security | 454/9 | - | €162 | +€162 | |
| Other amounts payable | 47/48 | €6,328 | €21,358 | +€15,030 | +238% |
| Remuneration, social security and pensions | 62 | €0 | €25,911 | +€25,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €1,297 | +€1,069 | +469% |
| Other operating charges | 640/8 | €1,008 | €2,494 | +€1,485 | +147% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €33,161 | €35,573 | +€2,412 | +7.3% |
| Operating profit (loss) | 9901 | €31,925 | €4,871 | -€27,054 | -84.7% |
| Financial income | 75/76B | €747 | €230 | -€517 | -69.3% |
| Recurring financial income | 75 | €747 | €230 | -€517 | -69.3% |
| Financial charges | 65/66B | €994 | €2,433 | +€1,440 | +145% |
| Recurring financial charges | 65 | €994 | €2,433 | +€1,440 | +145% |
| Profit (loss) for the period before taxes | 9903 | €31,678 | €2,667 | -€29,011 | -91.6% |
| Income taxes | 67/77 | €11,543 | €1,647 | -€9,896 | -85.7% |
| Profit (loss) for the period | 9904 | €20,135 | €1,020 | -€19,115 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,135 | €1,020 | -€19,115 | -94.9% |
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 16 October 2026 via checked.be.