OTTERBURCHT: 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
OTTERBURCHT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,761
2024 · -€66,140+€47,379
Equity
€43,499
2024 · €62,259-€18,761
Cash
€2,627
2024 · €22,923-€20,296
Balance sheet total
€5.7m
2024 · €5.8m-€155,820
Largest movements
Assets
- Tangible fixed assets -€154,777
down €154,777 (-2.7%), from €5.8m to €5.6m
of which Land and buildings: -€213,398
Equity and liabilities
- Debts after one year -€131,802
down €131,802 (-2.5%), from €5.3m to €5.2m
Income statement
- Gross operating margin +€71,587
up €71,587 (+19.3%), from €370,482 to €442,069
- Depreciation +€15,804
up €15,804 (+6.7%), from €236,040 to €251,845
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
-€66,140
Gross operating margin
+€71,587
Staff costs
-€1,901
Depreciation
-€15,804
Other operating charges
-€4,014
Financial income
-€178
Financial charges
-€2,252
Taxes
-€59
Result 2025
-€18,761
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
+€203,622
Investment
-€95,067
Financing
-€128,851
Cash 2024
€22,923
From operations (derived)
+€203,622
Net result for the year
-€18,761
Depreciation
+€251,845
Receivables within one year
-€20,560
Deferred charges and accrued income
-€694
Trade debts
-€10,918
Tax, wage and social debts
+€2,152
Other debts
-€75
Accrued charges and deferred income
+€633
Investment (derived)
-€95,067
Investment in fixed assets (net)
-€95,067
Financing
-€128,851
Debts after one year
-€131,802
Current portion of long-term debt
+€2,951
Cash 2025
€2,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,841,758 | €5,685,938 | -€155,820 | -2.7% |
| Fixed assets | 21/28 | €5,759,707 | €5,602,930 | -€156,777 | -2.7% |
| Tangible fixed assets | 22/27 | €5,753,157 | €5,598,380 | -€154,777 | -2.7% |
| Land and buildings | 22 | €5,550,796 | €5,337,398 | -€213,398 | -3.8% |
| Plant, machinery and equipment | 23 | €173,612 | €228,958 | +€55,346 | +31.9% |
| Furniture and vehicles | 24 | €28,749 | €32,024 | +€3,275 | +11.4% |
| Financial fixed assets | 28 | €6,550 | €4,550 | -€2,000 | -30.5% |
| Current assets | 29/58 | €82,051 | €83,008 | +€958 | +1.2% |
| Amounts receivable within one year | 40/41 | €53,147 | €73,706 | +€20,560 | +38.7% |
| Trade receivables | 40 | €53,067 | €60,947 | +€7,881 | +14.9% |
| Other amounts receivable | 41 | €80 | €12,759 | +€12,679 | +15,849% |
| Cash at bank and in hand | 54/58 | €22,923 | €2,627 | -€20,296 | -88.5% |
| Deferred charges and accrued income | 490/1 | €5,982 | €6,675 | +€694 | +11.6% |
| Total equity and liabilities | 10/49 | €5,841,758 | €5,685,938 | -€155,820 | -2.7% |
| Equity | 10/15 | €62,259 | €43,499 | -€18,761 | -30.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,741 | -€356,501 | -€18,761 | -5.6% |
| Amounts payable | 17/49 | €5,779,498 | €5,642,440 | -€137,059 | -2.4% |
| Amounts payable after more than one year | 17 | €5,317,694 | €5,185,892 | -€131,802 | -2.5% |
| Financial debts | 170/4 | €5,317,694 | €5,185,892 | -€131,802 | -2.5% |
| Amounts payable within one year | 42/48 | €385,195 | €379,304 | -€5,890 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €169,063 | €172,013 | +€2,951 | +1.7% |
| Trade debts | 44 | €136,805 | €125,887 | -€10,918 | -8.0% |
| Suppliers | 440/4 | €136,805 | €125,887 | -€10,918 | -8.0% |
| Taxes, remuneration and social security | 45 | €33,060 | €35,211 | +€2,152 | +6.5% |
| Taxes | 450/3 | €25,777 | €24,737 | -€1,040 | -4.0% |
| Remuneration and social security | 454/9 | €7,283 | €10,474 | +€3,192 | +43.8% |
| Other amounts payable | 47/48 | €46,267 | €46,192 | -€75 | -0.2% |
| Accrued charges and deferred income | 492/3 | €76,610 | €77,243 | +€633 | +0.8% |
| Remuneration, social security and pensions | 62 | €88,467 | €90,368 | +€1,901 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,040 | €251,845 | +€15,804 | +6.7% |
| Other operating charges | 640/8 | €19,940 | €23,953 | +€4,014 | +20.1% |
| Gross operating margin | 9900 | €370,482 | €442,069 | +€71,587 | +19.3% |
| Operating profit (loss) | 9901 | €26,035 | €75,903 | +€49,868 | +192% |
| Financial income | 75/76B | €187 | €9 | -€178 | -95.0% |
| Recurring financial income | 75 | €187 | €9 | -€178 | -95.0% |
| Financial charges | 65/66B | €92,280 | €94,532 | +€2,252 | +2.4% |
| Recurring financial charges | 65 | €92,280 | €94,532 | +€2,252 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€66,058 | -€18,620 | +€47,438 | +71.8% |
| Income taxes | 67/77 | €82 | €141 | +€59 | +72.7% |
| Profit (loss) for the period | 9904 | -€66,140 | -€18,761 | +€47,379 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,140 | -€18,761 | +€47,379 | +71.6% |
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 19 October 2026 via checked.be.