OZTANK: 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.
OZTANK
Largest movements
- Stocks and contracts +€371,839
up €371,839 (+71.1%), from €522,741 to €894,580
of which Contracts in progress: +€317,290
- Tangible fixed assets -€207,434
down €207,434 (-15.8%), from €1.3m to €1.1m
of which Land and buildings: -€191,989
- Current investments +€100,979
up €100,979 (+33.6%), from €300,183 to €401,162
- Cash -€95,251
down €95,251 (-9.3%), from €1.0m to €923,801
mainly Stocks and contracts (-€371,839) and Current investments (-€100,979)
- Receivables within one year +€93,145
up €93,145 (+83.1%), from €112,030 to €205,174
of which Other amounts receivable: +€61,377
- Reserves +€377,224
up €377,224 (+23.7%), from €1.6m to €2.0m
- Debts after one year -€52,059
down €52,059 (-18.3%), from €284,122 to €232,064
- Short-term financial debts -€41,497
down €41,497 (-14.3%), from €289,528 to €248,031
of which Credit institutions: -€41,497
- Advances received +€40,000
new in 2024: €40,000
- Current portion of long-term debt -€36,810
down €36,810 (-41.4%), from €88,869 to €52,059
- Gross operating margin +€489,877
up €489,877 (+96.0%), from €510,268 to €1.0m
- Taxes +€113,075
up €113,075 (+163%), from €69,430 to €182,506
- Depreciation +€90,133
up €90,133 (+71.6%), from €125,836 to €215,969
- Staff costs +€57,658
up €57,658 (+56.6%), from €101,810 to €159,469
- Financial charges +€16,512
up €16,512 (+34.4%), from €47,960 to €64,471
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,293,524 | €3,554,197 | +€260,672 | +7.9% |
| Fixed assets | 21/28 | €1,316,572 | €1,111,839 | -€204,734 | -15.6% |
| Tangible fixed assets | 22/27 | €1,316,572 | €1,109,139 | -€207,434 | -15.8% |
| Land and buildings | 22 | €1,274,105 | €1,082,116 | -€191,989 | -15.1% |
| Plant, machinery and equipment | 23 | €20,320 | €11,908 | -€8,413 | -41.4% |
| Furniture and vehicles | 24 | €22,147 | €15,115 | -€7,032 | -31.7% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €1,976,952 | €2,442,358 | +€465,406 | +23.5% |
| Stocks and contracts in progress | 3 | €522,741 | €894,580 | +€371,839 | +71.1% |
| Stocks | 30/36 | €373,378 | €427,927 | +€54,549 | +14.6% |
| Contracts in progress | 37 | €149,362 | €466,653 | +€317,290 | +212% |
| Amounts receivable within one year | 40/41 | €112,030 | €205,174 | +€93,145 | +83.1% |
| Trade receivables | 40 | €22,681 | €54,448 | +€31,767 | +140% |
| Other amounts receivable | 41 | €89,349 | €150,727 | +€61,377 | +68.7% |
| Current investments | 50/53 | €300,183 | €401,162 | +€100,979 | +33.6% |
| Cash at bank and in hand | 54/58 | €1,019,051 | €923,801 | -€95,251 | -9.3% |
| Deferred charges and accrued income | 490/1 | €22,947 | €17,641 | -€5,306 | -23.1% |
| Total equity and liabilities | 10/49 | €3,293,524 | €3,554,197 | +€260,672 | +7.9% |
| Equity | 10/15 | €1,610,529 | €1,987,753 | +€377,224 | +23.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,590,529 | €1,967,753 | +€377,224 | +23.7% |
| Distributable reserves | 133 | €1,590,529 | €1,967,753 | +€377,224 | +23.7% |
| Amounts payable | 17/49 | €1,682,995 | €1,566,443 | -€116,552 | -6.9% |
| Amounts payable after more than one year | 17 | €284,122 | €232,064 | -€52,059 | -18.3% |
| Financial debts | 170/4 | €284,122 | €232,064 | -€52,059 | -18.3% |
| Amounts payable within one year | 42/48 | €1,388,747 | €1,327,311 | -€61,435 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €88,869 | €52,059 | -€36,810 | -41.4% |
| Financial debts | 43 | €289,528 | €248,031 | -€41,497 | -14.3% |
| Credit institutions | 430/8 | €222,028 | €180,531 | -€41,497 | -18.7% |
| Other loans | 439 | €67,500 | €67,500 | = | 0.0% |
| Trade debts | 44 | €564,745 | €548,692 | -€16,053 | -2.8% |
| Suppliers | 440/4 | €564,745 | €548,692 | -€16,053 | -2.8% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €29,670 | €13,583 | -€16,087 | -54.2% |
| Taxes | 450/3 | €6,778 | - | -€6,778 | |
| Remuneration and social security | 454/9 | €22,892 | €13,583 | -€9,309 | -40.7% |
| Other amounts payable | 47/48 | €415,935 | €424,947 | +€9,012 | +2.2% |
| Accrued charges and deferred income | 492/3 | €10,126 | €7,068 | -€3,058 | -30.2% |
| Remuneration, social security and pensions | 62 | €101,810 | €159,469 | +€57,658 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,836 | €215,969 | +€90,133 | +71.6% |
| Other operating charges | 640/8 | €14,089 | €16,545 | +€2,457 | +17.4% |
| Gross operating margin | 9900 | €510,268 | €1,000,145 | +€489,877 | +96.0% |
| Operating profit (loss) | 9901 | €268,533 | €608,162 | +€339,629 | +126% |
| Financial income | 75/76B | €2,294 | €16,039 | +€13,745 | +599% |
| Recurring financial income | 75 | €2,294 | €16,039 | +€13,745 | +599% |
| Financial charges | 65/66B | €47,960 | €64,471 | +€16,512 | +34.4% |
| Recurring financial charges | 65 | €47,960 | €64,471 | +€16,512 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €222,868 | €559,730 | +€336,862 | +151% |
| Income taxes | 67/77 | €69,430 | €182,506 | +€113,075 | +163% |
| Profit (loss) for the period | 9904 | €153,438 | €377,224 | +€223,786 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €153,438 | €377,224 | +€223,786 | +146% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.