OTTEN DELHEZ: 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.
OTTEN DELHEZ
Largest movements
- Cash +€47,057
up €47,057 (+227%), from €20,698 to €67,756
mainly Depreciation (+€60,619) and Net result for the year (+€12,033)
- Tangible fixed assets -€11,552
down €11,552 (-8.6%), from €134,318 to €122,766
of which Furniture and vehicles: -€11,005
- Receivables within one year -€5,342
down €5,342 (-4.1%), from €130,022 to €124,681
of which Trade receivables: -€9,000
- Reserves +€12,033
up €12,033 (+7.0%), from €171,311 to €183,344
- Trade debts +€7,794
up €7,794 (+18.1%), from €42,998 to €50,792
- Current portion of long-term debt +€6,330
up €6,330 (+46.5%), from €13,612 to €19,942
- Debts after one year +€5,381
up €5,381 (+13.8%), from €39,075 to €44,455
- Depreciation -€15,601
down €15,601 (-20.5%), from €76,220 to €60,619
- Gross operating margin +€14,827
up €14,827 (+22.6%), from €65,530 to €80,357
- Other operating charges +€1,020
up €1,020 (+36.4%), from €2,805 to €3,824
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 | €296,930 | €326,344 | +€29,414 | +9.9% |
| Fixed assets | 21/28 | €134,318 | €122,766 | -€11,552 | -8.6% |
| Tangible fixed assets | 22/27 | €134,318 | €122,766 | -€11,552 | -8.6% |
| Plant, machinery and equipment | 23 | €2,956 | €2,409 | -€547 | -18.5% |
| Furniture and vehicles | 24 | €131,362 | €120,357 | -€11,005 | -8.4% |
| Current assets | 29/58 | €162,612 | €203,578 | +€40,966 | +25.2% |
| Amounts receivable within one year | 40/41 | €130,022 | €124,681 | -€5,342 | -4.1% |
| Trade receivables | 40 | €89,007 | €80,007 | -€9,000 | -10.1% |
| Other amounts receivable | 41 | €41,015 | €44,674 | +€3,658 | +8.9% |
| Cash at bank and in hand | 54/58 | €20,698 | €67,756 | +€47,057 | +227% |
| Deferred charges and accrued income | 490/1 | €11,892 | €11,142 | -€750 | -6.3% |
| Total equity and liabilities | 10/49 | €296,930 | €326,344 | +€29,414 | +9.9% |
| Equity | 10/15 | €189,911 | €201,944 | +€12,033 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,311 | €183,344 | +€12,033 | +7.0% |
| Distributable reserves | 133 | €171,311 | €183,344 | +€12,033 | +7.0% |
| Amounts payable | 17/49 | €107,019 | €124,400 | +€17,381 | +16.2% |
| Amounts payable after more than one year | 17 | €39,075 | €44,455 | +€5,381 | +13.8% |
| Financial debts | 170/4 | €39,075 | €44,455 | +€5,381 | +13.8% |
| Amounts payable within one year | 42/48 | €67,907 | €79,907 | +€12,000 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €13,612 | €19,942 | +€6,330 | +46.5% |
| Trade debts | 44 | €42,998 | €50,792 | +€7,794 | +18.1% |
| Suppliers | 440/4 | €42,998 | €50,792 | +€7,794 | +18.1% |
| Taxes, remuneration and social security | 45 | €11,297 | €9,174 | -€2,124 | -18.8% |
| Taxes | 450/3 | €11,297 | €9,174 | -€2,124 | -18.8% |
| Accrued charges and deferred income | 492/3 | €38 | €38 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,220 | €60,619 | -€15,601 | -20.5% |
| Other operating charges | 640/8 | €2,805 | €3,824 | +€1,020 | +36.4% |
| Gross operating margin | 9900 | €65,530 | €80,357 | +€14,827 | +22.6% |
| Operating profit (loss) | 9901 | -€13,495 | €15,914 | +€29,409 | |
| Financial income | 75/76B | €2 | €2 | = | 0.0% |
| Recurring financial income | 75 | €2 | €2 | = | 0.0% |
| Financial charges | 65/66B | €3,075 | €3,332 | +€257 | +8.4% |
| Recurring financial charges | 65 | €3,075 | €3,332 | +€257 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,568 | €12,583 | +€29,152 | |
| Income taxes | 67/77 | €546 | €551 | +€5 | +0.9% |
| Profit (loss) for the period | 9904 | -€17,114 | €12,033 | +€29,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,114 | €12,033 | +€29,147 |
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 28 October 2026 via checked.be.