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
- Cash +€181,385
up €181,385 (+267%), from €67,878 to €249,263
mainly Net result for the year (+€210,451) and Depreciation (+€3,120)
- Reserves +€210,451
up €210,451 (+59.9%), from €351,199 to €561,651
- Tax, wage and social debts -€17,429
down €17,429 (-74.6%), from €23,349 to €5,920
- Debts after one year -€13,585
down €13,585 (-13.0%), from €104,284 to €90,699
of which Financial debts: -€15,067
- Gross operating margin +€208,421
up €208,421 (+296%), from €70,306 to €278,727
- Taxes +€50,560
up €50,560 (+391%), from €12,945 to €63,505
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 | €540,404 | €720,263 | +€179,859 | +33.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €472,526 | €469,406 | -€3,120 | -0.7% |
| Tangible fixed assets | 22/27 | €7,331 | €4,211 | -€3,120 | -42.6% |
| Furniture and vehicles | 24 | €7,331 | €4,211 | -€3,120 | -42.6% |
| Financial fixed assets | 28 | €465,195 | €465,195 | = | 0.0% |
| Current assets | 29/58 | €67,878 | €250,857 | +€182,979 | +270% |
| Amounts receivable within one year | 40/41 | - | €1,495 | +€1,495 | |
| Other amounts receivable | 41 | - | €1,495 | +€1,495 | |
| Cash at bank and in hand | 54/58 | €67,878 | €249,263 | +€181,385 | +267% |
| Deferred charges and accrued income | 490/1 | - | €99 | +€99 | |
| Total equity and liabilities | 10/49 | €540,404 | €720,263 | +€179,859 | +33.3% |
| Equity | 10/15 | €396,199 | €606,651 | +€210,451 | +53.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €351,199 | €561,651 | +€210,451 | +59.9% |
| Distributable reserves | 133 | €351,199 | €561,651 | +€210,451 | +59.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,205 | €113,612 | -€30,592 | -21.2% |
| Amounts payable after more than one year | 17 | €104,284 | €90,699 | -€13,585 | -13.0% |
| Financial debts | 170/4 | €100,955 | €85,888 | -€15,067 | -14.9% |
| Other amounts payable | 178/9 | €3,329 | €4,811 | +€1,482 | +44.5% |
| Amounts payable within one year | 42/48 | €39,921 | €22,625 | -€17,295 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €14,906 | €15,067 | +€161 | +1.1% |
| Trade debts | 44 | - | €1,638 | +€1,638 | |
| Suppliers | 440/4 | - | €1,638 | +€1,638 | |
| Taxes, remuneration and social security | 45 | €23,349 | €5,920 | -€17,429 | -74.6% |
| Taxes | 450/3 | €23,349 | €5,920 | -€17,429 | -74.6% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100% |
| Accrued charges and deferred income | 492/3 | - | €288 | +€288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,093 | €3,120 | -€973 | -23.8% |
| Other operating charges | 640/8 | €597 | €592 | -€5 | -0.9% |
| Gross operating margin | 9900 | €70,306 | €278,727 | +€208,421 | +296% |
| Operating profit (loss) | 9901 | €65,616 | €275,015 | +€209,399 | +319% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €894 | €1,060 | +€165 | +18.5% |
| Recurring financial charges | 65 | €894 | €1,060 | +€165 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €64,722 | €273,956 | +€209,233 | +323% |
| Income taxes | 67/77 | €12,945 | €63,505 | +€50,560 | +391% |
| Profit (loss) for the period | 9904 | €51,778 | €210,451 | +€158,673 | +306% |
| Profit (loss) for the period to be appropriated | 9905 | €51,778 | €210,451 | +€158,673 | +306% |
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.