OTTERPUT: 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.
OTTERPUT
Largest movements
- Tangible fixed assets -€635,816
down €635,816 (-90.6%), from €701,534 to €65,719
of which Land and buildings: -€631,990
- Cash +€264,676
up €264,676 (+159%), from €166,028 to €430,705
mainly Investment in fixed assets (net) (+€629,685) and Other debts (+€93,857)
- Debts after one year -€411,738
down €411,738 (-100%), from €411,738 to €0
- Other debts +€93,857
up €93,857 (+334%), from €28,067 to €121,924
- Current portion of long-term debt -€38,554
down €38,554 (-100%), from €38,554 to €0
- Reserves -€20,673
down €20,673 (-3.3%), from €632,325 to €611,652
- Gross operating margin +€30,837
up €30,837 (+26.2%), from €117,616 to €148,453
- Depreciation -€21,907
down €21,907 (-78.1%), from €28,038 to €6,130
- Taxes +€15,032
up €15,032 (+62.9%), from €23,899 to €38,930
- Other operating charges +€9,812
up €9,812 (+157%), from €6,266 to €16,078
- Financial charges +€2,855
up €2,855 (+30.4%), from €9,404 to €12,259
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 | €1,150,174 | €788,949 | -€361,225 | -31.4% |
| Fixed assets | 21/28 | €704,634 | €68,819 | -€635,816 | -90.2% |
| Tangible fixed assets | 22/27 | €701,534 | €65,719 | -€635,816 | -90.6% |
| Land and buildings | 22 | €691,418 | €59,428 | -€631,990 | -91.4% |
| Furniture and vehicles | 24 | €8,566 | €4,740 | -€3,826 | -44.7% |
| Other tangible fixed assets | 26 | €1,550 | €1,550 | = | 0.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €445,540 | €720,130 | +€274,591 | +61.6% |
| Amounts receivable after more than one year | 29 | €242,327 | €242,327 | = | 0.0% |
| Other amounts receivable | 291 | €242,327 | €242,327 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,651 | €23,607 | +€3,956 | +20.1% |
| Trade receivables | 40 | €18,327 | €22,184 | +€3,858 | +21.1% |
| Other amounts receivable | 41 | €1,324 | €1,422 | +€98 | +7.4% |
| Cash at bank and in hand | 54/58 | €166,028 | €430,705 | +€264,676 | +159% |
| Deferred charges and accrued income | 490/1 | €17,533 | €23,492 | +€5,958 | +34.0% |
| Total equity and liabilities | 10/49 | €1,150,174 | €788,949 | -€361,225 | -31.4% |
| Equity | 10/15 | €652,330 | €631,657 | -€20,673 | -3.2% |
| Contributions | 10/11 | €20,005 | €20,005 | = | 0.0% |
| Reserves | 13 | €632,325 | €611,652 | -€20,673 | -3.3% |
| Distributable reserves | 133 | €632,325 | €611,652 | -€20,673 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €497,843 | €157,291 | -€340,552 | -68.4% |
| Amounts payable after more than one year | 17 | €411,738 | €0 | -€411,738 | -100% |
| Financial debts | 170/4 | €411,738 | €0 | -€411,738 | -100% |
| Amounts payable within one year | 42/48 | €83,779 | €149,645 | +€65,865 | +78.6% |
| Current portion of amounts payable after more than one year | 42 | €38,554 | €0 | -€38,554 | -100% |
| Trade debts | 44 | €3,626 | €8,243 | +€4,616 | +127% |
| Suppliers | 440/4 | €3,626 | €8,243 | +€4,616 | +127% |
| Taxes, remuneration and social security | 45 | €13,532 | €19,478 | +€5,945 | +43.9% |
| Taxes | 450/3 | €13,085 | €19,478 | +€6,392 | +48.9% |
| Remuneration and social security | 454/9 | €447 | €0 | -€447 | -100% |
| Other amounts payable | 47/48 | €28,067 | €121,924 | +€93,857 | +334% |
| Accrued charges and deferred income | 492/3 | €2,327 | €7,647 | +€5,320 | +229% |
| Non-recurring operating income | 76A | €17,124 | €45,469 | +€28,345 | +166% |
| Remuneration, social security and pensions | 62 | €5,174 | €3,537 | -€1,638 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,038 | €6,130 | -€21,907 | -78.1% |
| Other operating charges | 640/8 | €6,266 | €16,078 | +€9,812 | +157% |
| Gross operating margin | 9900 | €117,616 | €148,453 | +€30,837 | +26.2% |
| Operating profit (loss) | 9901 | €78,138 | €122,707 | +€44,570 | +57.0% |
| Financial income | 75/76B | €6,974 | €7,543 | +€569 | +8.2% |
| Recurring financial income | 75 | €6,974 | €7,543 | +€569 | +8.2% |
| Financial charges | 65/66B | €9,404 | €12,259 | +€2,855 | +30.4% |
| Recurring financial charges | 65 | €9,404 | €12,259 | +€2,855 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €75,707 | €117,991 | +€42,284 | +55.9% |
| Income taxes | 67/77 | €23,899 | €38,930 | +€15,032 | +62.9% |
| Profit (loss) for the period | 9904 | €51,809 | €79,061 | +€27,252 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,809 | €79,061 | +€27,252 | +52.6% |
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 31 October 2026 via checked.be.