otsecure: what changed
Two fiscal 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.
otsecure
Largest movements
- Cash +€14,337
up €14,337 (+113.2%), from €12,660 to €26,997
mainly Net result for the year (+€14,686) and Tax, wage and social debts (+€1,918)
- Tangible fixed assets +€2,823
up €2,823 (+269.6%), from €1,047 to €3,870
of which Furniture and vehicles: +€3,054
- Receivables within one year +€1,318
up €1,318 (+12.5%), from €10,568 to €11,886
of which Other amounts receivable: +€954
- Reserves +€16,140
up €16,140 (+101.5%), from €15,904 to €32,044
- Tax, wage and social debts +€1,918
up €1,918 (+37.2%), from €5,156 to €7,074
of which Remuneration and social security: +€1,453
- Profit (loss) carried forward -€1,453
new in 2024: -€1,453
- Other debts +€1,291
up €1,291 (+2347.8%), from €55 to €1,346
- Gross operating margin -€4,499
down €4,499 (-16.6%), from €27,113 to €22,614
- Other operating charges -€930
down €930 (-81.9%), from €1,135 to €205
- Depreciation +€786
up €786 (+721.7%), from €109 to €895
- Financial charges +€705
up €705 (+106.9%), from €659 to €1,364
- Taxes +€394
up €394 (+7.6%), from €5,156 to €5,550
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,433 | €44,016 | +€18,583 | +73.1% |
| Fixed assets | 21/28 | €1,047 | €3,870 | +€2,823 | +269.6% |
| Tangible fixed assets | 22/27 | €1,047 | €3,870 | +€2,823 | +269.6% |
| Plant, machinery and equipment | 23 | €1,047 | €816 | -€231 | -22.1% |
| Furniture and vehicles | 24 | - | €3,054 | +€3,054 | |
| Current assets | 29/58 | €24,386 | €40,145 | +€15,760 | +64.6% |
| Amounts receivable within one year | 40/41 | €10,568 | €11,886 | +€1,318 | +12.5% |
| Trade receivables | 40 | €9,500 | €9,864 | +€364 | +3.8% |
| Other amounts receivable | 41 | €1,068 | €2,022 | +€954 | +89.4% |
| Cash at bank and in hand | 54/58 | €12,660 | €26,997 | +€14,337 | +113.2% |
| Deferred charges and accrued income | 490/1 | €1,158 | €1,262 | +€104 | +9.0% |
| Total equity and liabilities | 10/49 | €25,433 | €44,016 | +€18,583 | +73.1% |
| Equity | 10/15 | €18,904 | €33,591 | +€14,686 | +77.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,904 | €32,044 | +€16,140 | +101.5% |
| Distributable reserves | 133 | €15,904 | €32,044 | +€16,140 | +101.5% |
| Profit (loss) carried forward | 14 | - | -€1,453 | -€1,453 | |
| Amounts payable | 17/49 | €6,529 | €10,425 | +€3,896 | +59.7% |
| Amounts payable within one year | 42/48 | €6,529 | €10,425 | +€3,896 | +59.7% |
| Financial debts | 43 | - | €254 | +€254 | |
| Credit institutions | 430/8 | - | €254 | +€254 | |
| Trade debts | 44 | €1,317 | €1,751 | +€433 | +32.9% |
| Suppliers | 440/4 | €1,317 | €1,751 | +€433 | +32.9% |
| Taxes, remuneration and social security | 45 | €5,156 | €7,074 | +€1,918 | +37.2% |
| Taxes | 450/3 | €5,156 | €5,621 | +€465 | +9.0% |
| Remuneration and social security | 454/9 | - | €1,453 | +€1,453 | |
| Other amounts payable | 47/48 | €55 | €1,346 | +€1,291 | +2347.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €895 | +€786 | +721.7% |
| Other operating charges | 640/8 | €1,135 | €205 | -€930 | -81.9% |
| Non-recurring operating charges | 66A | €4,149 | €0 | -€4,149 | -100.0% |
| Gross operating margin | 9900 | €27,113 | €22,614 | -€4,499 | -16.6% |
| Operating profit (loss) | 9901 | €21,720 | €21,514 | -€206 | -0.9% |
| Financial income | 75/76B | - | €87 | +€87 | |
| Recurring financial income | 75 | - | €87 | +€87 | |
| Financial charges | 65/66B | €659 | €1,364 | +€705 | +106.9% |
| Recurring financial charges | 65 | €659 | €1,364 | +€705 | +106.9% |
| Profit (loss) for the period before taxes | 9903 | €21,061 | €20,237 | -€824 | -3.9% |
| Income taxes | 67/77 | €5,156 | €5,550 | +€394 | +7.6% |
| Profit (loss) for the period | 9904 | €15,904 | €14,686 | -€1,218 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,904 | €14,686 | -€1,218 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.