Tonny Van Otterdijk: 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.
Tonny Van Otterdijk
Largest movements
- Tangible fixed assets +€87,869
up €87,869 (+12.1%), from €728,580 to €816,449
of which Land and buildings: +€55,630
- Current investments -€75,326
down €75,326 (-76.0%), from €99,135 to €23,810
- Cash +€22,658
up €22,658 (+65.0%), from €34,863 to €57,521
mainly Depreciation (+€91,979) and Current investments (+€75,326)
- Intangible fixed assets -€18,000
no longer reported in 2025 (was €18,000)
- Trade debts -€29,611
down €29,611 (-74.7%), from €39,652 to €10,041
- Advances received +€23,191
up €23,191 (+329%), from €7,047 to €30,238
- Profit (loss) carried forward +€19,225
up €19,225 (+20.2%), from -€95,002 to -€75,777
- Gross operating margin +€50,974
up €50,974 (+17.3%), from €295,358 to €346,332
- Staff costs +€41,307
up €41,307 (+24.4%), from €169,072 to €210,379
- Depreciation -€10,235
down €10,235 (-10.0%), from €102,213 to €91,979
- Financial charges -€10,109
down €10,109 (-31.1%), from €32,536 to €22,427
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 | €928,860 | €933,463 | +€4,604 | +0.5% |
| Fixed assets | 21/28 | €747,130 | €816,499 | +€69,369 | +9.3% |
| Intangible fixed assets | 21 | €18,000 | - | -€18,000 | |
| Tangible fixed assets | 22/27 | €728,580 | €816,449 | +€87,869 | +12.1% |
| Land and buildings | 22 | €718,875 | €774,505 | +€55,630 | +7.7% |
| Plant, machinery and equipment | 23 | €9,705 | €10,604 | +€899 | +9.3% |
| Furniture and vehicles | 24 | - | €31,340 | +€31,340 | |
| Financial fixed assets | 28 | €550 | €50 | -€500 | -90.9% |
| Current assets | 29/58 | €181,730 | €116,965 | -€64,765 | -35.6% |
| Amounts receivable within one year | 40/41 | €39,309 | €30,905 | -€8,403 | -21.4% |
| Trade receivables | 40 | €32,917 | €30,743 | -€2,174 | -6.6% |
| Other amounts receivable | 41 | €6,391 | €162 | -€6,229 | -97.5% |
| Current investments | 50/53 | €99,135 | €23,810 | -€75,326 | -76.0% |
| Cash at bank and in hand | 54/58 | €34,863 | €57,521 | +€22,658 | +65.0% |
| Deferred charges and accrued income | 490/1 | €8,423 | €4,729 | -€3,694 | -43.9% |
| Total equity and liabilities | 10/49 | €928,860 | €933,463 | +€4,604 | +0.5% |
| Equity | 10/15 | €72,439 | €91,664 | +€19,225 | +26.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €105,441 | €105,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €99,241 | €99,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,002 | -€75,777 | +€19,225 | +20.2% |
| Amounts payable | 17/49 | €856,420 | €841,799 | -€14,621 | -1.7% |
| Amounts payable after more than one year | 17 | €706,640 | €698,734 | -€7,906 | -1.1% |
| Financial debts | 170/4 | €680,140 | €693,484 | +€13,344 | +2.0% |
| Other amounts payable | 178/9 | €26,500 | €5,250 | -€21,250 | -80.2% |
| Amounts payable within one year | 42/48 | €141,897 | €139,901 | -€1,997 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €40,689 | €41,656 | +€967 | +2.4% |
| Financial debts | 43 | €32,887 | €27,143 | -€5,745 | -17.5% |
| Credit institutions | 430/8 | €32,887 | €27,143 | -€5,745 | -17.5% |
| Trade debts | 44 | €39,652 | €10,041 | -€29,611 | -74.7% |
| Suppliers | 440/4 | €39,652 | €10,041 | -€29,611 | -74.7% |
| Advances received on contracts in progress | 46 | €7,047 | €30,238 | +€23,191 | +329% |
| Taxes, remuneration and social security | 45 | €21,622 | €27,806 | +€6,184 | +28.6% |
| Remuneration and social security | 454/9 | €21,622 | €27,806 | +€6,184 | +28.6% |
| Other amounts payable | 47/48 | - | €3,017 | +€3,017 | |
| Accrued charges and deferred income | 492/3 | €7,883 | €3,165 | -€4,718 | -59.9% |
| Non-recurring operating income | 76A | - | €8,822 | +€8,822 | |
| Remuneration, social security and pensions | 62 | €169,072 | €210,379 | +€41,307 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,213 | €91,979 | -€10,235 | -10.0% |
| Other operating charges | 640/8 | €3,079 | €3,174 | +€94 | +3.1% |
| Gross operating margin | 9900 | €295,358 | €346,332 | +€50,974 | +17.3% |
| Operating profit (loss) | 9901 | €20,993 | €40,801 | +€19,807 | +94.3% |
| Financial income | 75/76B | €3,643 | €3,803 | +€160 | +4.4% |
| Recurring financial income | 75 | €3,643 | €3,803 | +€160 | +4.4% |
| Financial charges | 65/66B | €32,536 | €22,427 | -€10,109 | -31.1% |
| Recurring financial charges | 65 | €32,536 | €22,427 | -€10,109 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,899 | €22,176 | +€30,076 | |
| Income taxes | 67/77 | €415 | €2,952 | +€2,536 | +611% |
| Profit (loss) for the period | 9904 | -€8,315 | €19,225 | +€27,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,315 | €19,225 | +€27,539 |
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 25 October 2026 via checked.be.