OTTE: 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.
OTTE
Largest movements
- Cash +€117,619
up €117,619 (+59.8%), from €196,669 to €314,288
mainly Net result for the year (+€210,895) and Current investments (+€22,484)
- Current investments -€22,484
down €22,484 (-2.6%), from €852,404 to €829,920
- Tangible fixed assets -€19,481
down €19,481 (-34.7%), from €56,173 to €36,693
of which Furniture and vehicles: -€17,003
- Reserves +€210,895
up €210,895 (+23.8%), from €885,666 to €1.1m
- Other debts -€121,665
down €121,665 (-100%), from €121,665 to €0
- Debts after one year -€15,268
down €15,268 (-25.0%), from €61,035 to €45,767
of which Financial debts: -€45,268
- Gross operating margin -€54,584
down €54,584 (-12.3%), from €443,836 to €389,252
- Staff costs -€27,696
down €27,696 (-28.8%), from €96,031 to €68,335
- Taxes -€13,169
down €13,169 (-12.2%), from €108,235 to €95,067
- Financial charges +€10,414
up €10,414 (+228%), from €4,560 to €14,973
of which Financial charges: +€7,354
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 | €1,158,082 | €1,236,267 | +€78,185 | +6.8% |
| Fixed assets | 21/28 | €56,173 | €36,693 | -€19,481 | -34.7% |
| Tangible fixed assets | 22/27 | €56,173 | €36,693 | -€19,481 | -34.7% |
| Land and buildings | 22 | €7,433 | €4,956 | -€2,478 | -33.3% |
| Furniture and vehicles | 24 | €48,740 | €31,737 | -€17,003 | -34.9% |
| Current assets | 29/58 | €1,101,909 | €1,199,574 | +€97,665 | +8.9% |
| Amounts receivable within one year | 40/41 | €37,561 | €42,822 | +€5,261 | +14.0% |
| Other amounts receivable | 41 | €37,561 | €42,822 | +€5,261 | +14.0% |
| Current investments | 50/53 | €852,404 | €829,920 | -€22,484 | -2.6% |
| Cash at bank and in hand | 54/58 | €196,669 | €314,288 | +€117,619 | +59.8% |
| Deferred charges and accrued income | 490/1 | €15,274 | €12,545 | -€2,729 | -17.9% |
| Total equity and liabilities | 10/49 | €1,158,082 | €1,236,267 | +€78,185 | +6.8% |
| Equity | 10/15 | €904,266 | €1,115,161 | +€210,895 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €885,666 | €1,096,561 | +€210,895 | +23.8% |
| Distributable reserves | 133 | €885,666 | €1,096,561 | +€210,895 | +23.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €253,816 | €121,106 | -€132,710 | -52.3% |
| Amounts payable after more than one year | 17 | €61,035 | €45,767 | -€15,268 | -25.0% |
| Financial debts | 170/4 | €61,035 | €15,767 | -€45,268 | -74.2% |
| Other amounts payable | 178/9 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €192,782 | €75,340 | -€117,442 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €14,785 | €15,268 | +€483 | +3.3% |
| Trade debts | 44 | €7,783 | €8,398 | +€615 | +7.9% |
| Suppliers | 440/4 | €7,783 | €8,398 | +€615 | +7.9% |
| Taxes, remuneration and social security | 45 | €48,548 | €51,674 | +€3,125 | +6.4% |
| Taxes | 450/3 | €33,957 | €42,739 | +€8,782 | +25.9% |
| Remuneration and social security | 454/9 | €14,591 | €8,934 | -€5,657 | -38.8% |
| Other amounts payable | 47/48 | €121,665 | €0 | -€121,665 | -100% |
| Remuneration, social security and pensions | 62 | €96,031 | €68,335 | -€27,696 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,292 | €19,481 | +€189 | +1.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €443,836 | €389,252 | -€54,584 | -12.3% |
| Operating profit (loss) | 9901 | €327,427 | €300,317 | -€27,110 | -8.3% |
| Financial income | 75/76B | €21,316 | €20,618 | -€698 | -3.3% |
| Recurring financial income | 75 | €21,316 | €216 | -€21,100 | -99.0% |
| Non-recurring financial income | 76B | €0 | €20,401 | +€20,401 | |
| Financial charges | 65/66B | €4,560 | €14,973 | +€10,414 | +228% |
| Recurring financial charges | 65 | €4,560 | €11,913 | +€7,354 | +161% |
| Non-recurring financial charges | 66B | - | €3,060 | +€3,060 | |
| Profit (loss) for the period before taxes | 9903 | €344,184 | €305,962 | -€38,222 | -11.1% |
| Income taxes | 67/77 | €108,235 | €95,067 | -€13,169 | -12.2% |
| Profit (loss) for the period | 9904 | €235,948 | €210,895 | -€25,054 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €235,948 | €210,895 | -€25,054 | -10.6% |
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 15 October 2026 via checked.be.