OTTOEY J.: 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.
OTTOEY J.
Largest movements
- Receivables within one year -€42,490
down €42,490 (-60.1%), from €70,681 to €28,191
of which Trade receivables: -€43,457
- Stocks and contracts -€12,820
down €12,820 (-97.9%), from €13,100 to €280
- Tangible fixed assets -€10,541
down €10,541 (-27.5%), from €38,311 to €27,770
of which Furniture and vehicles: -€10,027
- Cash +€7,739
up €7,739 (+46.1%), from €16,780 to €24,519
mainly Receivables within one year (+€42,490) and Depreciation (+€15,541)
- Intangible fixed assets -€5,000
down €5,000 (-70.6%), from €7,083 to €2,083
- Reserves -€40,567
down €40,567 (-43.5%), from €93,338 to €52,771
- Profit (loss) carried forward -€8,132
down €8,132, from €0 to -€8,132
- Trade debts -€7,169
down €7,169 (-96.0%), from €7,465 to €296
- Debts after one year -€6,371
down €6,371 (-49.0%), from €13,003 to €6,633
- Staff costs -€29,102
down €29,102 (-79.7%), from €36,510 to €7,408
- Gross operating margin -€20,312
down €20,312 (-36.4%), from €55,770 to €35,458
- Write-downs +€18,875
new in 2025: €18,875
- Financial charges -€1,524
down €1,524 (-58.5%), from €2,607 to €1,083
- Financial income -€908
down €908 (-48.3%), from €1,878 to €970
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 | €146,243 | €83,186 | -€63,057 | -43.1% |
| Fixed assets | 21/28 | €45,394 | €29,853 | -€15,541 | -34.2% |
| Intangible fixed assets | 21 | €7,083 | €2,083 | -€5,000 | -70.6% |
| Tangible fixed assets | 22/27 | €38,311 | €27,770 | -€10,541 | -27.5% |
| Plant, machinery and equipment | 23 | €1,515 | €1,000 | -€515 | -34.0% |
| Furniture and vehicles | 24 | €36,796 | €26,769 | -€10,027 | -27.2% |
| Current assets | 29/58 | €100,849 | €53,334 | -€47,515 | -47.1% |
| Stocks and contracts in progress | 3 | €13,100 | €280 | -€12,820 | -97.9% |
| Stocks | 30/36 | €13,100 | €280 | -€12,820 | -97.9% |
| Amounts receivable within one year | 40/41 | €70,681 | €28,191 | -€42,490 | -60.1% |
| Trade receivables | 40 | €58,257 | €14,800 | -€43,457 | -74.6% |
| Other amounts receivable | 41 | €12,424 | €13,391 | +€967 | +7.8% |
| Cash at bank and in hand | 54/58 | €16,780 | €24,519 | +€7,739 | +46.1% |
| Deferred charges and accrued income | 490/1 | €288 | €344 | +€55 | +19.1% |
| Total equity and liabilities | 10/49 | €146,243 | €83,186 | -€63,057 | -43.1% |
| Equity | 10/15 | €118,338 | €69,638 | -€48,700 | -41.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €93,338 | €52,771 | -€40,567 | -43.5% |
| Distributable reserves | 133 | €93,338 | €52,771 | -€40,567 | -43.5% |
| Profit (loss) carried forward | 14 | €0 | -€8,132 | -€8,132 | |
| Amounts payable | 17/49 | €27,905 | €13,548 | -€14,357 | -51.4% |
| Amounts payable after more than one year | 17 | €13,003 | €6,633 | -€6,371 | -49.0% |
| Financial debts | 170/4 | €13,003 | €6,633 | -€6,371 | -49.0% |
| Amounts payable within one year | 42/48 | €14,033 | €6,916 | -€7,117 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €6,119 | €6,371 | +€252 | +4.1% |
| Trade debts | 44 | €7,465 | €296 | -€7,169 | -96.0% |
| Suppliers | 440/4 | €7,465 | €296 | -€7,169 | -96.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €448 | €249 | -€200 | -44.6% |
| Accrued charges and deferred income | 492/3 | €869 | €0 | -€869 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €36,510 | €7,408 | -€29,102 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,541 | €15,541 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,875 | +€18,875 | |
| Other operating charges | 640/8 | €1,311 | €1,654 | +€343 | +26.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,770 | €35,458 | -€20,312 | -36.4% |
| Operating profit (loss) | 9901 | €2,409 | -€8,020 | -€10,429 | |
| Financial income | 75/76B | €1,878 | €970 | -€908 | -48.3% |
| Recurring financial income | 75 | €1,878 | €970 | -€908 | -48.3% |
| Financial charges | 65/66B | €2,607 | €1,083 | -€1,524 | -58.5% |
| Recurring financial charges | 65 | €2,607 | €1,083 | -€1,524 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €1,680 | -€8,132 | -€9,813 | |
| Income taxes | 67/77 | €589 | €0 | -€589 | -100% |
| Profit (loss) for the period | 9904 | €1,091 | -€8,132 | -€9,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,091 | -€8,132 | -€9,224 |
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.