OTZER: 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.
OTZER
Largest movements
- Cash +€16,739
up €16,739 (+46.4%), from €36,100 to €52,839
mainly Net result for the year (+€7,179) and Receivables within one year (+€4,726)
- Receivables within one year -€4,726
down €4,726 (-6.8%), from €69,148 to €64,422
of which Other amounts receivable: -€4,726
- Tangible fixed assets -€2,846
down €2,846 (-3.3%), from €85,715 to €82,869
of which Land and buildings: -€2,401
- Reserves +€7,179
up €7,179 (+30.2%), from €23,781 to €30,961
of which Distributable reserves: +€7,179
- Tax, wage and social debts +€2,576
up €2,576 (+178.3%), from €1,445 to €4,021
- Gross operating margin +€5,067
up €5,067 (+33.4%), from €15,191 to €20,258
- Taxes +€1,136
up €1,136 (+78.8%), from €1,442 to €2,578
- Other operating charges +€667
up €667 (+9.8%), from €6,837 to €7,504
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 | €190,963 | €200,129 | +€9,166 | +4.8% |
| Fixed assets | 21/28 | €85,715 | €82,869 | -€2,846 | -3.3% |
| Tangible fixed assets | 22/27 | €85,715 | €82,869 | -€2,846 | -3.3% |
| Land and buildings | 22 | €84,864 | €82,463 | -€2,401 | -2.8% |
| Plant, machinery and equipment | 23 | €851 | €406 | -€445 | -52.3% |
| Current assets | 29/58 | €105,248 | €117,260 | +€12,012 | +11.4% |
| Amounts receivable within one year | 40/41 | €69,148 | €64,422 | -€4,726 | -6.8% |
| Trade receivables | 40 | €64,282 | €64,282 | = | 0.0% |
| Other amounts receivable | 41 | €4,866 | €140 | -€4,726 | -97.1% |
| Cash at bank and in hand | 54/58 | €36,100 | €52,839 | +€16,739 | +46.4% |
| Total equity and liabilities | 10/49 | €190,963 | €200,129 | +€9,166 | +4.8% |
| Equity | 10/15 | €110,544 | €117,723 | +€7,179 | +6.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €23,781 | €30,961 | +€7,179 | +30.2% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €15,105 | €22,284 | +€7,179 | +47.5% |
| Amounts payable | 17/49 | €80,419 | €82,406 | +€1,987 | +2.5% |
| Amounts payable within one year | 42/48 | €80,419 | €82,406 | +€1,987 | +2.5% |
| Trade debts | 44 | €1,785 | €1,196 | -€589 | -33.0% |
| Suppliers | 440/4 | €1,785 | €1,196 | -€589 | -33.0% |
| Taxes, remuneration and social security | 45 | €1,445 | €4,021 | +€2,576 | +178.3% |
| Taxes | 450/3 | €1,445 | €4,021 | +€2,576 | +178.3% |
| Other amounts payable | 47/48 | €77,189 | €77,189 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €2,846 | = | 0.0% |
| Other operating charges | 640/8 | €6,837 | €7,504 | +€667 | +9.8% |
| Gross operating margin | 9900 | €15,191 | €20,258 | +€5,067 | +33.4% |
| Operating profit (loss) | 9901 | €5,508 | €9,908 | +€4,399 | +79.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.9% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,371 | €9,758 | +€4,387 | +81.7% |
| Income taxes | 67/77 | €1,442 | €2,578 | +€1,136 | +78.8% |
| Profit (loss) for the period | 9904 | €3,928 | €7,179 | +€3,251 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,928 | €7,179 | +€3,251 | +82.7% |
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 12 October 2026 via checked.be.