OTTENBURGHS STEFAN: 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.
OTTENBURGHS STEFAN
Largest movements
- Cash +€13,829
up €13,829 (+38.4%), from €36,037 to €49,866
mainly Depreciation (+€13,160) and Net result for the year (+€12,322)
- Tangible fixed assets -€13,160
down €13,160 (-30.9%), from €42,628 to €29,468
of which Furniture and vehicles: -€12,333
- Receivables within one year -€5,483
down €5,483 (-79.9%), from €6,866 to €1,383
of which Other amounts receivable: -€4,153
- Current investments +€1,445
new in 2025: €1,445
- Debts after one year -€10,754
down €10,754 (-43.8%), from €24,579 to €13,825
- Other debts +€8,605
new in 2025: €8,605
- Tax, wage and social debts +€2,044
up €2,044 (+70.5%), from €2,899 to €4,943
of which Taxes: +€2,042
- Trade debts -€1,745
down €1,745 (-74.5%), from €2,342 to €597
- Reserves -€968
down €968 (-2.7%), from €35,480 to €34,513
- Gross operating margin +€2,973
up €2,973 (+9.9%), from €30,004 to €32,976
- Taxes +€1,100
up €1,100 (+23.2%), from €4,735 to €5,834
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 | €88,247 | €85,693 | -€2,554 | -2.9% |
| Fixed assets | 21/28 | €42,628 | €29,468 | -€13,160 | -30.9% |
| Tangible fixed assets | 22/27 | €42,628 | €29,468 | -€13,160 | -30.9% |
| Plant, machinery and equipment | 23 | €1,383 | €556 | -€828 | -59.8% |
| Furniture and vehicles | 24 | €41,245 | €28,912 | -€12,333 | -29.9% |
| Current assets | 29/58 | €45,618 | €56,225 | +€10,607 | +23.3% |
| Stocks and contracts in progress | 3 | €1,210 | €1,981 | +€770 | +63.7% |
| Stocks | 30/36 | €1,210 | €1,981 | +€770 | +63.7% |
| Amounts receivable within one year | 40/41 | €6,866 | €1,383 | -€5,483 | -79.9% |
| Trade receivables | 40 | €1,980 | €650 | -€1,330 | -67.2% |
| Other amounts receivable | 41 | €4,886 | €733 | -€4,153 | -85.0% |
| Current investments | 50/53 | - | €1,445 | +€1,445 | |
| Cash at bank and in hand | 54/58 | €36,037 | €49,866 | +€13,829 | +38.4% |
| Deferred charges and accrued income | 490/1 | €1,506 | €1,550 | +€44 | +2.9% |
| Total equity and liabilities | 10/49 | €88,247 | €85,693 | -€2,554 | -2.9% |
| Equity | 10/15 | €47,880 | €46,913 | -€968 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,480 | €34,513 | -€968 | -2.7% |
| Distributable reserves | 133 | €35,480 | €34,513 | -€968 | -2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,366 | €38,780 | -€1,586 | -3.9% |
| Amounts payable after more than one year | 17 | €24,579 | €13,825 | -€10,754 | -43.8% |
| Financial debts | 170/4 | €24,579 | €13,825 | -€10,754 | -43.8% |
| Amounts payable within one year | 42/48 | €15,731 | €24,899 | +€9,168 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €10,490 | €10,754 | +€264 | +2.5% |
| Trade debts | 44 | €2,342 | €597 | -€1,745 | -74.5% |
| Suppliers | 440/4 | €2,342 | €597 | -€1,745 | -74.5% |
| Taxes, remuneration and social security | 45 | €2,899 | €4,943 | +€2,044 | +70.5% |
| Taxes | 450/3 | €1,918 | €3,960 | +€2,042 | +106.5% |
| Remuneration and social security | 454/9 | €981 | €984 | +€2 | +0.2% |
| Other amounts payable | 47/48 | - | €8,605 | +€8,605 | |
| Accrued charges and deferred income | 492/3 | €56 | €56 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,029 | €13,160 | +€130 | +1.0% |
| Other operating charges | 640/8 | €864 | €882 | +€18 | +2.1% |
| Gross operating margin | 9900 | €30,004 | €32,976 | +€2,973 | +9.9% |
| Operating profit (loss) | 9901 | €16,110 | €18,934 | +€2,824 | +17.5% |
| Financial income | 75/76B | €220 | €212 | -€8 | -3.8% |
| Recurring financial income | 75 | €220 | €212 | -€8 | -3.8% |
| Financial charges | 65/66B | €1,229 | €990 | -€239 | -19.5% |
| Recurring financial charges | 65 | €1,229 | €990 | -€239 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €15,102 | €18,156 | +€3,055 | +20.2% |
| Income taxes | 67/77 | €4,735 | €5,834 | +€1,100 | +23.2% |
| Profit (loss) for the period | 9904 | €10,367 | €12,322 | +€1,955 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,367 | €12,322 | +€1,955 | +18.9% |
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 12 October 2026 via checked.be.