Otten does it: 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 does it
Largest movements
- Receivables within one year +€39,501
up €39,501 (+47.1%), from €83,854 to €123,355
of which Trade receivables: +€29,982
- Cash +€14,948
up €14,948 (+63.0%), from €23,712 to €38,661
mainly Trade debts (+€80,568) and Depreciation (+€43,950)
- Tangible fixed assets +€12,088
up €12,088 (+9.4%), from €128,403 to €140,491
of which Furniture and vehicles: +€20,726
- Trade debts +€80,568
up €80,568 (+630%), from €12,797 to €93,365
- Profit (loss) carried forward -€21,218
down €21,218 (-49.8%), from €42,604 to €21,385
- Debts after one year +€14,436
up €14,436 (+30.7%), from €47,030 to €61,466
- Tax, wage and social debts -€9,685
no longer reported in 2025 (was €9,685)
- Gross operating margin -€25,898
down €25,898 (-46.9%), from €55,219 to €29,322
- Depreciation +€9,830
up €9,830 (+28.8%), from €34,120 to €43,950
- Taxes -€5,052
down €5,052 (-81.2%), from €6,222 to €1,170
- Financial charges +€2,664
up €2,664 (+160%), from €1,669 to €4,332
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 | €236,824 | €303,382 | +€66,558 | +28.1% |
| Fixed assets | 21/28 | €129,003 | €141,091 | +€12,088 | +9.4% |
| Tangible fixed assets | 22/27 | €128,403 | €140,491 | +€12,088 | +9.4% |
| Land and buildings | 22 | €13,965 | €13,395 | -€570 | -4.1% |
| Plant, machinery and equipment | 23 | €51,045 | €42,977 | -€8,068 | -15.8% |
| Furniture and vehicles | 24 | €63,393 | €84,119 | +€20,726 | +32.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €107,821 | €162,292 | +€54,470 | +50.5% |
| Amounts receivable within one year | 40/41 | €83,854 | €123,355 | +€39,501 | +47.1% |
| Trade receivables | 40 | €31,225 | €61,206 | +€29,982 | +96.0% |
| Other amounts receivable | 41 | €52,629 | €62,149 | +€9,519 | +18.1% |
| Cash at bank and in hand | 54/58 | €23,712 | €38,661 | +€14,948 | +63.0% |
| Deferred charges and accrued income | 490/1 | €255 | €276 | +€21 | +8.2% |
| Total equity and liabilities | 10/49 | €236,824 | €303,382 | +€66,558 | +28.1% |
| Equity | 10/15 | €85,768 | €64,549 | -€21,218 | -24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,964 | €36,964 | = | 0.0% |
| Distributable reserves | 133 | €36,964 | €36,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,604 | €21,385 | -€21,218 | -49.8% |
| Amounts payable | 17/49 | €151,057 | €238,833 | +€87,776 | +58.1% |
| Amounts payable after more than one year | 17 | €47,030 | €61,466 | +€14,436 | +30.7% |
| Financial debts | 170/4 | €47,030 | €61,466 | +€14,436 | +30.7% |
| Amounts payable within one year | 42/48 | €101,061 | €175,241 | +€74,180 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €20,183 | €22,015 | +€1,832 | +9.1% |
| Financial debts | 43 | €2,378 | €5,000 | +€2,622 | +110% |
| Credit institutions | 430/8 | €2,378 | €5,000 | +€2,622 | +110% |
| Trade debts | 44 | €12,797 | €93,365 | +€80,568 | +630% |
| Suppliers | 440/4 | €12,797 | €93,365 | +€80,568 | +630% |
| Taxes, remuneration and social security | 45 | €9,685 | - | -€9,685 | |
| Taxes | 450/3 | €9,685 | - | -€9,685 | |
| Other amounts payable | 47/48 | €56,017 | €54,861 | -€1,157 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,966 | €2,126 | -€840 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,120 | €43,950 | +€9,830 | +28.8% |
| Other operating charges | 640/8 | €891 | €1,107 | +€216 | +24.2% |
| Gross operating margin | 9900 | €55,219 | €29,322 | -€25,898 | -46.9% |
| Operating profit (loss) | 9901 | €20,208 | -€15,735 | -€35,944 | |
| Financial income | 75/76B | €0 | €19 | +€19 | +11,271% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +11,271% |
| Financial charges | 65/66B | €1,669 | €4,332 | +€2,664 | +160% |
| Recurring financial charges | 65 | €1,669 | €4,332 | +€2,664 | +160% |
| Profit (loss) for the period before taxes | 9903 | €18,540 | -€20,048 | -€38,588 | |
| Income taxes | 67/77 | €6,222 | €1,170 | -€5,052 | -81.2% |
| Profit (loss) for the period | 9904 | €12,318 | -€21,218 | -€33,537 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,318 | -€21,218 | -€33,537 |
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.