SJV OTTER: 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.
SJV OTTER
Largest movements
- Stocks and contracts +€2.9m
up €2.9m (+32.4%), from €9.1m to €12.0m
- Current investments +€1.5m
new in 2025: €1.5m
- Cash +€891,737
up €891,737 (+4,118%), from €21,656 to €913,393
mainly Advances received (+€4.3m) and Trade debts (+€487,906)
- Advances received +€4.3m
new in 2025: €4.3m
- Trade debts +€487,906
up €487,906 (+954%), from €51,123 to €539,029
- Other debts +€348,010
up €348,010 (+11.0%), from €3.2m to €3.5m
- Tax, wage and social debts +€167,108
up €167,108 (+25,592%), from €653 to €167,761
- Gross operating margin -€110,595
down €110,595 (-24.9%), from €444,829 to €334,234
- Other operating charges -€57,690
down €57,690 (-99.9%), from €57,757 to €67
- Financial charges -€54,650
down €54,650 (-14.2%), from €385,740 to €331,090
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 | €9,105,771 | €14,414,521 | +€5.3m | +58.3% |
| Current assets | 29/58 | €9,105,771 | €14,414,521 | +€5.3m | +58.3% |
| Stocks and contracts in progress | 3 | €9,061,693 | €12,001,129 | +€2.9m | +32.4% |
| Stocks | 30/36 | €9,061,693 | €12,001,129 | +€2.9m | +32.4% |
| Amounts receivable within one year | 40/41 | €22,422 | €0 | -€22,422 | -100% |
| Trade receivables | 40 | €2,226 | €0 | -€2,226 | -100% |
| Other amounts receivable | 41 | €20,196 | €0 | -€20,196 | -100% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €21,656 | €913,393 | +€891,737 | +4,118% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,105,771 | €14,414,521 | +€5.3m | +58.3% |
| Equity | 10/15 | €24,969 | €27,475 | +€2,507 | +10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,969 | €7,475 | +€2,507 | +50.4% |
| Distributable reserves | 133 | €4,969 | €7,475 | +€2,507 | +50.4% |
| Amounts payable | 17/49 | €9,080,802 | €14,387,046 | +€5.3m | +58.4% |
| Amounts payable within one year | 42/48 | €9,079,384 | €14,357,530 | +€5.3m | +58.1% |
| Financial debts | 43 | €5,873,006 | €5,850,000 | -€23,006 | -0.4% |
| Credit institutions | 430/8 | €5,873,006 | €5,850,000 | -€23,006 | -0.4% |
| Trade debts | 44 | €51,123 | €539,029 | +€487,906 | +954% |
| Suppliers | 440/4 | €51,123 | €539,029 | +€487,906 | +954% |
| Advances received on contracts in progress | 46 | - | €4,298,129 | +€4.3m | |
| Taxes, remuneration and social security | 45 | €653 | €167,761 | +€167,108 | +25,592% |
| Taxes | 450/3 | €653 | €167,761 | +€167,108 | +25,592% |
| Other amounts payable | 47/48 | €3,154,602 | €3,502,612 | +€348,010 | +11.0% |
| Accrued charges and deferred income | 492/3 | €1,418 | €29,516 | +€28,098 | +1,982% |
| Other operating charges | 640/8 | €57,757 | €67 | -€57,690 | -99.9% |
| Gross operating margin | 9900 | €444,829 | €334,234 | -€110,595 | -24.9% |
| Operating profit (loss) | 9901 | €387,072 | €334,167 | -€52,905 | -13.7% |
| Financial income | 75/76B | €1,280 | €382 | -€898 | -70.1% |
| Recurring financial income | 75 | €1,280 | €382 | -€898 | -70.1% |
| Financial charges | 65/66B | €385,740 | €331,090 | -€54,650 | -14.2% |
| Recurring financial charges | 65 | €385,740 | €331,090 | -€54,650 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €2,612 | €3,459 | +€847 | +32.4% |
| Income taxes | 67/77 | €653 | €952 | +€299 | +45.8% |
| Profit (loss) for the period | 9904 | €1,959 | €2,507 | +€548 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,959 | €2,507 | +€548 | +28.0% |
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 28 October 2026 via checked.be.