OTTAER: what changed
What changed
OTTAER
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€298,230
31-12-2024 · €331,606-€33,377
Equity
€1.4m
31-12-2024 · €1.4m-€1,770
Cash
€90,128
31-12-2024 · €421,805-€331,677
Balance sheet total
€2.3m
31-12-2024 · €2.5m-€131,875
Largest movements
Assets
- Cash -€331,677
down €331,677 (-78.6%), from €421,805 to €90,128
mainly Contributions, distributions and other (-€300,000) and Stocks and contracts (-€161,008)
- Stocks and contracts +€161,008
up €161,008 (+223%), from €72,318 to €233,327
of which Contracts in progress: +€137,854
- Receivables within one year +€109,716
up €109,716 (+8.3%), from €1.3m to €1.4m
of which Other amounts receivable: +€266,288
- Tangible fixed assets -€88,605
down €88,605 (-13.8%), from €639,901 to €551,296
of which Leasing and similar rights: -€103,440
Equity and liabilities
- Debts after one year -€118,248
down €118,248 (-27.0%), from €438,767 to €320,519
- Short-term financial debts -€32,239
down €32,239 (-63.5%), from €50,740 to €18,502
- Profit (loss) carried forward -€31,606
no longer reported in 2025 (was €31,606)
- Reserves +€29,836
up €29,836 (+2.4%), from €1.3m to €1.3m
of which Distributable reserves: +€29,836
Income statement
- Staff costs +€73,607
up €73,607 (+12.5%), from €589,975 to €663,582
- Gross operating margin +€64,780
up €64,780 (+5.6%), from €1.1m to €1.2m
- Depreciation +€25,381
up €25,381 (+14.1%), from €180,577 to €205,959
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€331,606
Gross operating margin
+€64,780
Staff costs
-€73,607
Depreciation
-€25,381
Other operating charges
-€545
Financial income
-€9,202
Financial charges
+€4,982
Taxes
+€5,597
Result 31-12-2025
€298,230
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€228,698
Investment
-€125,627
Financing
-€434,748
Cash 31-12-2024
€421,805
From operations (derived)
+€228,698
Net result for the year
+€298,230
Depreciation
+€205,959
Stocks and contracts
-€161,008
Receivables within one year
-€109,716
Deferred charges and accrued income
-€9,410
Trade debts
+€169
Tax, wage and social debts
+€4,475
Investment (derived)
-€125,627
Investment in fixed assets (net)
-€125,627
Financing
-€434,748
Debts after one year
-€118,248
Current portion of long-term debt
+€15,739
Short-term financial debts
-€32,239
Contributions, distributions and other
-€300,000
Cash 31-12-2025
€90,128
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,476,439 | €2,344,564 | -€131,875 | -5.3% |
| Fixed assets | 21/28 | €653,461 | €573,129 | -€80,332 | -12.3% |
| Tangible fixed assets | 22/27 | €639,901 | €551,296 | -€88,605 | -13.8% |
| Plant, machinery and equipment | 23 | €23,180 | €26,358 | +€3,178 | +13.7% |
| Furniture and vehicles | 24 | €8,666 | €20,323 | +€11,657 | +135% |
| Leasing and similar rights | 25 | €608,055 | €504,615 | -€103,440 | -17.0% |
| Financial fixed assets | 28 | €13,560 | €21,833 | +€8,273 | +61.0% |
| Current assets | 29/58 | €1,822,978 | €1,771,435 | -€51,543 | -2.8% |
| Stocks and contracts in progress | 3 | €72,318 | €233,327 | +€161,008 | +223% |
| Stocks | 30/36 | €72,318 | €95,473 | +€23,154 | +32.0% |
| Contracts in progress | 37 | - | €137,854 | +€137,854 | |
| Amounts receivable within one year | 40/41 | €1,316,854 | €1,426,570 | +€109,716 | +8.3% |
| Trade receivables | 40 | €401,135 | €244,563 | -€156,572 | -39.0% |
| Other amounts receivable | 41 | €915,719 | €1,182,006 | +€266,288 | +29.1% |
| Cash at bank and in hand | 54/58 | €421,805 | €90,128 | -€331,677 | -78.6% |
| Deferred charges and accrued income | 490/1 | €12,000 | €21,411 | +€9,410 | +78.4% |
| Total equity and liabilities | 10/49 | €2,476,439 | €2,344,564 | -€131,875 | -5.3% |
| Equity | 10/15 | €1,377,110 | €1,375,339 | -€1,770 | -0.1% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €1,258,740 | €1,288,576 | +€29,836 | +2.4% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €1,234,064 | €1,263,900 | +€29,836 | +2.4% |
| Profit (loss) carried forward | 14 | €31,606 | - | -€31,606 | |
| Amounts payable | 17/49 | €1,099,329 | €969,225 | -€130,104 | -11.8% |
| Amounts payable after more than one year | 17 | €438,767 | €320,519 | -€118,248 | -27.0% |
| Financial debts | 170/4 | €438,767 | €320,519 | -€118,248 | -27.0% |
| Amounts payable within one year | 42/48 | €660,562 | €648,706 | -€11,856 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €179,891 | €195,630 | +€15,739 | +8.7% |
| Financial debts | 43 | €50,740 | €18,502 | -€32,239 | -63.5% |
| Credit institutions | 430/8 | €50,740 | €18,502 | -€32,239 | -63.5% |
| Trade debts | 44 | €97,152 | €97,321 | +€169 | +0.2% |
| Suppliers | 440/4 | €97,152 | €97,321 | +€169 | +0.2% |
| Taxes, remuneration and social security | 45 | €32,779 | €37,254 | +€4,475 | +13.7% |
| Taxes | 450/3 | €2,436 | €3,128 | +€692 | +28.4% |
| Remuneration and social security | 454/9 | €30,343 | €34,126 | +€3,783 | +12.5% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €589,975 | €663,582 | +€73,607 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,577 | €205,959 | +€25,381 | +14.1% |
| Other operating charges | 640/8 | €5,113 | €5,658 | +€545 | +10.7% |
| Gross operating margin | 9900 | €1,146,941 | €1,211,720 | +€64,780 | +5.6% |
| Operating profit (loss) | 9901 | €371,275 | €336,522 | -€34,754 | -9.4% |
| Financial income | 75/76B | €45,697 | €36,495 | -€9,202 | -20.1% |
| Recurring financial income | 75 | €45,697 | €36,495 | -€9,202 | -20.1% |
| Financial charges | 65/66B | €27,103 | €22,121 | -€4,982 | -18.4% |
| Recurring financial charges | 65 | €27,103 | €22,121 | -€4,982 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €389,869 | €350,895 | -€38,974 | -10.0% |
| Income taxes | 67/77 | €58,263 | €52,666 | -€5,597 | -9.6% |
| Profit (loss) for the period | 9904 | €331,606 | €298,230 | -€33,377 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €331,606 | €298,230 | -€33,377 | -10.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.