D White: 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.
D White
Largest movements
- Receivables within one year +€21,591
up €21,591 (+12.4%), from €174,561 to €196,153
of which Other amounts receivable: +€51,851
- Tangible fixed assets -€12,286
down €12,286 (-45.7%), from €26,882 to €14,596
of which Furniture and vehicles: -€12,297
- Trade debts +€61,257
up €61,257 (+80.2%), from €76,336 to €137,593
- Profit (loss) carried forward -€32,743
down €32,743 (-44.7%), from €73,211 to €40,468
- Tax, wage and social debts -€8,833
down €8,833 (-25.8%), from €34,296 to €25,463
of which Remuneration and social security: -€18,035
- Debts after one year -€7,507
down €7,507 (-92.2%), from €8,142 to €635
- Short-term financial debts -€5,015
no longer reported in 2025 (was €5,015)
- Gross operating margin -€7,883
down €7,883 (-11.2%), from €70,634 to €62,751
- Other operating charges +€4,983
up €4,983 (+1,184%), from €421 to €5,404
- Taxes -€1,553
down €1,553 (-16.7%), from €9,328 to €7,775
- Financial charges -€768
down €768 (-3.8%), from €20,226 to €19,458
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 | €209,305 | €216,667 | +€7,362 | +3.5% |
| Fixed assets | 21/28 | €26,882 | €14,596 | -€12,286 | -45.7% |
| Tangible fixed assets | 22/27 | €26,882 | €14,596 | -€12,286 | -45.7% |
| Plant, machinery and equipment | 23 | €1,735 | €1,747 | +€11 | +0.6% |
| Furniture and vehicles | 24 | €25,147 | €12,850 | -€12,297 | -48.9% |
| Current assets | 29/58 | €182,423 | €202,070 | +€19,647 | +10.8% |
| Amounts receivable within one year | 40/41 | €174,561 | €196,153 | +€21,591 | +12.4% |
| Trade receivables | 40 | €89,093 | €58,833 | -€30,260 | -34.0% |
| Other amounts receivable | 41 | €85,468 | €137,319 | +€51,851 | +60.7% |
| Cash at bank and in hand | 54/58 | €6,502 | €5,121 | -€1,381 | -21.2% |
| Deferred charges and accrued income | 490/1 | €1,360 | €797 | -€563 | -41.4% |
| Total equity and liabilities | 10/49 | €209,305 | €216,667 | +€7,362 | +3.5% |
| Equity | 10/15 | €78,211 | €45,468 | -€32,743 | -41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,211 | €40,468 | -€32,743 | -44.7% |
| Amounts payable | 17/49 | €131,094 | €171,198 | +€40,105 | +30.6% |
| Amounts payable after more than one year | 17 | €8,142 | €635 | -€7,507 | -92.2% |
| Financial debts | 170/4 | €8,142 | €635 | -€7,507 | -92.2% |
| Amounts payable within one year | 42/48 | €122,951 | €170,563 | +€47,612 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €7,304 | €7,507 | +€203 | +2.8% |
| Financial debts | 43 | €5,015 | - | -€5,015 | |
| Credit institutions | 430/8 | €5,015 | - | -€5,015 | |
| Trade debts | 44 | €76,336 | €137,593 | +€61,257 | +80.2% |
| Suppliers | 440/4 | €76,336 | €137,593 | +€61,257 | +80.2% |
| Taxes, remuneration and social security | 45 | €34,296 | €25,463 | -€8,833 | -25.8% |
| Taxes | 450/3 | €16,261 | €25,463 | +€9,202 | +56.6% |
| Remuneration and social security | 454/9 | €18,035 | - | -€18,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,766 | €15,941 | +€176 | +1.1% |
| Other operating charges | 640/8 | €421 | €5,404 | +€4,983 | +1,184% |
| Gross operating margin | 9900 | €70,634 | €62,751 | -€7,883 | -11.2% |
| Operating profit (loss) | 9901 | €54,448 | €41,406 | -€13,042 | -24.0% |
| Financial income | 75/76B | €116 | €142 | +€26 | +22.7% |
| Recurring financial income | 75 | €116 | €142 | +€26 | +22.7% |
| Financial charges | 65/66B | €20,226 | €19,458 | -€768 | -3.8% |
| Recurring financial charges | 65 | €20,226 | €19,458 | -€768 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €34,338 | €22,090 | -€12,248 | -35.7% |
| Income taxes | 67/77 | €9,328 | €7,775 | -€1,553 | -16.7% |
| Profit (loss) for the period | 9904 | €25,010 | €14,316 | -€10,695 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,010 | €14,316 | -€10,695 | -42.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.