Otter Holding: 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.
What changed
Otter Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€91,135
2024 · €251,234-€160,098
Equity
€980,350
2024 · €889,215+€91,135
Cash
€42,847
2024 · €53,887-€11,040
Balance sheet total
€4.4m
2024 · €4.4m-€35,148
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€147,298
down €147,298 (-4.5%), from €3.3m to €3.1m
of which Financial debts: -€147,298
- Profit (loss) carried forward +€91,135
up €91,135 (+28.4%), from €321,315 to €412,450
Income statement
- Financial income -€152,053
down €152,053 (-71.1%), from €213,941 to €61,888
- Taxes +€17,746
up €17,746 (+87.4%), from €20,293 to €38,039
- Gross operating margin +€13,893
up €13,893 (+9.3%), from €150,051 to €163,944
- Financial charges +€4,647
up €4,647 (+6.7%), from €69,153 to €73,800
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.
Result 2024
€251,234
Gross operating margin
+€13,893
Depreciation
-€326
Other operating charges
+€782
Financial income
-€152,053
Financial charges
-€4,647
Taxes
-€17,746
Result 2025
€91,135
raises the resultlowers the result
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.
From operations
+€131,673
Investment
-€1,591
Financing
-€141,122
Cash 2024
€53,887
From operations (derived)
+€131,673
Net result for the year
+€91,135
Depreciation
+€20,563
Receivables within one year
-€322
Deferred charges and accrued income
+€5,458
Trade debts
-€3,056
Tax, wage and social debts
-€19,991
Other debts
+€39,977
Accrued charges and deferred income
-€2,092
Investment (derived)
-€1,591
Investment in fixed assets (net)
-€1,591
Financing
-€141,122
Debts after one year
-€147,298
Current portion of long-term debt
+€6,175
Cash 2025
€42,847
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,421,618 | €4,386,470 | -€35,148 | -0.8% |
| Fixed assets | 21/28 | €3,358,922 | €3,339,951 | -€18,972 | -0.6% |
| Tangible fixed assets | 22/27 | €56,151 | €37,180 | -€18,972 | -33.8% |
| Furniture and vehicles | 24 | €56,151 | €37,180 | -€18,972 | -33.8% |
| Financial fixed assets | 28 | €3,302,771 | €3,302,771 | = | 0.0% |
| Current assets | 29/58 | €1,062,695 | €1,046,519 | -€16,176 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,002,207 | €1,002,529 | +€322 | 0.0% |
| Trade receivables | 40 | - | €322 | +€322 | |
| Other amounts receivable | 41 | €1,002,207 | €1,002,207 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,887 | €42,847 | -€11,040 | -20.5% |
| Deferred charges and accrued income | 490/1 | €6,601 | €1,143 | -€5,458 | -82.7% |
| Total equity and liabilities | 10/49 | €4,421,618 | €4,386,470 | -€35,148 | -0.8% |
| Equity | 10/15 | €889,215 | €980,350 | +€91,135 | +10.2% |
| Contributions | 10/11 | €29,000 | €29,000 | = | 0.0% |
| Reserves | 13 | €538,900 | €538,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,214 | €34,214 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,214 | €34,214 | = | 0.0% |
| Distributable reserves | 133 | €504,686 | €504,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €321,315 | €412,450 | +€91,135 | +28.4% |
| Amounts payable | 17/49 | €3,532,403 | €3,406,119 | -€126,283 | -3.6% |
| Amounts payable after more than one year | 17 | €3,291,212 | €3,143,915 | -€147,298 | -4.5% |
| Financial debts | 170/4 | €1,211,212 | €1,063,915 | -€147,298 | -12.2% |
| Other amounts payable | 178/9 | €2,080,000 | €2,080,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,330 | €234,436 | +€23,107 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €153,136 | €159,312 | +€6,175 | +4.0% |
| Trade debts | 44 | €4,758 | €1,702 | -€3,056 | -64.2% |
| Suppliers | 440/4 | €4,758 | €1,702 | -€3,056 | -64.2% |
| Taxes, remuneration and social security | 45 | €35,421 | €15,430 | -€19,991 | -56.4% |
| Taxes | 450/3 | €35,421 | €15,430 | -€19,991 | -56.4% |
| Other amounts payable | 47/48 | €18,015 | €57,992 | +€39,977 | +222% |
| Accrued charges and deferred income | 492/3 | €29,861 | €27,768 | -€2,092 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,237 | €20,563 | +€326 | +1.6% |
| Other operating charges | 640/8 | €3,075 | €2,294 | -€782 | -25.4% |
| Gross operating margin | 9900 | €150,051 | €163,944 | +€13,893 | +9.3% |
| Operating profit (loss) | 9901 | €126,740 | €141,087 | +€14,348 | +11.3% |
| Financial income | 75/76B | €213,941 | €61,888 | -€152,053 | -71.1% |
| Recurring financial income | 75 | €213,941 | €61,888 | -€152,053 | -71.1% |
| Financial charges | 65/66B | €69,153 | €73,800 | +€4,647 | +6.7% |
| Recurring financial charges | 65 | €69,153 | €73,800 | +€4,647 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €271,527 | €129,175 | -€142,352 | -52.4% |
| Income taxes | 67/77 | €20,293 | €38,039 | +€17,746 | +87.4% |
| Profit (loss) for the period | 9904 | €251,234 | €91,135 | -€160,098 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €251,234 | €91,135 | -€160,098 | -63.7% |
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 17 October 2026 via checked.be.