OTSUKEORI: 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.
OTSUKEORI
Largest movements
- Stocks and contracts -€65,182
down €65,182 (-41.7%), from €156,406 to €91,224
- Receivables within one year -€48,163
down €48,163 (-47.1%), from €102,222 to €54,060
of which Trade receivables: -€40,163
- Cash +€30,738
up €30,738 (+85.1%), from €36,101 to €66,839
mainly Net result for the year (+€168,147) and Stocks and contracts (+€65,182)
- Tangible fixed assets -€5,822
down €5,822 (-42.4%), from €13,732 to €7,910
of which Furniture and vehicles: -€5,716
- Trade debts -€196,036
down €196,036 (-54.8%), from €357,894 to €161,858
- Profit (loss) carried forward +€168,147
up €168,147, from -€161,414 to €6,733
- Contributions -€50,032
down €50,032 (-72.9%), from €68,632 to €18,600
- Tax, wage and social debts -€5,593
down €5,593 (-31.7%), from €17,640 to €12,048
of which Remuneration and social security: -€6,814
- Gross operating margin +€255,323
up €255,323 (+3917.3%), from €6,518 to €261,841
- Turnover +€178,862
up €178,862 (+41.5%), from €430,553 to €609,416
- Purchases and services +€108,466
up €108,466 (+25.0%), from €434,023 to €542,488
- Other operating charges +€43,207
up €43,207 (+1177.8%), from €3,668 to €46,875
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.
Cash bridge derived
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 | €312,351 | €226,098 | -€86,253 | -27.6% |
| Fixed assets | 21/28 | €17,380 | €11,558 | -€5,822 | -33.5% |
| Tangible fixed assets | 22/27 | €13,732 | €7,910 | -€5,822 | -42.4% |
| Furniture and vehicles | 24 | €12,997 | €7,281 | -€5,716 | -44.0% |
| Other tangible fixed assets | 26 | €735 | €630 | -€106 | -14.4% |
| Financial fixed assets | 28 | €3,648 | €3,648 | = | 0.0% |
| Current assets | 29/58 | €294,971 | €214,540 | -€80,432 | -27.3% |
| Stocks and contracts in progress | 3 | €156,406 | €91,224 | -€65,182 | -41.7% |
| Stocks | 30/36 | €156,406 | €91,224 | -€65,182 | -41.7% |
| Amounts receivable within one year | 40/41 | €102,222 | €54,060 | -€48,163 | -47.1% |
| Trade receivables | 40 | €74,908 | €34,745 | -€40,163 | -53.6% |
| Other amounts receivable | 41 | €27,314 | €19,314 | -€8,000 | -29.3% |
| Cash at bank and in hand | 54/58 | €36,101 | €66,839 | +€30,738 | +85.1% |
| Deferred charges and accrued income | 490/1 | €242 | €2,417 | +€2,175 | +900.1% |
| Total equity and liabilities | 10/49 | €312,351 | €226,098 | -€86,253 | -27.6% |
| Equity | 10/15 | -€65,923 | €52,193 | +€118,115 | |
| Contributions | 10/11 | €68,632 | €18,600 | -€50,032 | -72.9% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,414 | €6,733 | +€168,147 | |
| Amounts payable | 17/49 | €378,274 | €173,905 | -€204,368 | -54.0% |
| Amounts payable within one year | 42/48 | €378,274 | €173,905 | -€204,368 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €2,739 | - | -€2,739 | |
| Trade debts | 44 | €357,894 | €161,858 | -€196,036 | -54.8% |
| Suppliers | 440/4 | €357,894 | €161,858 | -€196,036 | -54.8% |
| Taxes, remuneration and social security | 45 | €17,640 | €12,048 | -€5,593 | -31.7% |
| Taxes | 450/3 | €5,452 | €6,673 | +€1,221 | +22.4% |
| Remuneration and social security | 454/9 | €12,188 | €5,374 | -€6,814 | -55.9% |
| Turnover | 70 | €430,553 | €609,416 | +€178,862 | +41.5% |
| Non-recurring operating income | 76A | €2,185 | €190,862 | +€188,677 | +8636.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €434,023 | €542,488 | +€108,466 | +25.0% |
| Remuneration, social security and pensions | 62 | €34,393 | €28,432 | -€5,960 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,690 | €5,822 | +€132 | +2.3% |
| Other operating charges | 640/8 | €3,668 | €46,875 | +€43,207 | +1177.8% |
| Gross operating margin | 9900 | €6,518 | €261,841 | +€255,323 | +3917.3% |
| Operating profit (loss) | 9901 | -€37,233 | €180,712 | +€217,945 | |
| Financial charges | 65/66B | €5,181 | €9,569 | +€4,388 | +84.7% |
| Recurring financial charges | 65 | €5,181 | €9,569 | +€4,388 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,414 | €171,143 | +€213,557 | |
| Income taxes | 67/77 | €1,185 | €2,995 | +€1,810 | +152.7% |
| Profit (loss) for the period | 9904 | -€43,600 | €168,147 | +€211,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,600 | €168,147 | +€211,747 |
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 10 October 2026 via checked.be.