De Witte Cirkel: 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.
De Witte Cirkel
Largest movements
- Cash +€34,137
up €34,137 (+31.8%), from €107,380 to €141,517
mainly Net result for the year (+€30,546) and Tax, wage and social debts (+€2,435)
- Reserves +€30,546
up €30,546 (+28.5%), from €107,189 to €137,735
- Tax, wage and social debts +€2,435
up €2,435 (+74.5%), from €3,268 to €5,704
- Gross operating margin +€10,174
up €10,174 (+30.0%), from €33,945 to €44,118
- Taxes +€2,844
up €2,844 (+29.7%), from €9,585 to €12,429
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 | €129,866 | €163,533 | +€33,666 | +25.9% |
| Fixed assets | 21/28 | €871 | €521 | -€350 | -40.2% |
| Tangible fixed assets | 22/27 | €821 | €471 | -€350 | -42.6% |
| Furniture and vehicles | 24 | €821 | €471 | -€350 | -42.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €128,996 | €163,012 | +€34,016 | +26.4% |
| Amounts receivable within one year | 40/41 | €20,179 | €20,152 | -€27 | -0.1% |
| Trade receivables | 40 | €17,179 | €20,152 | +€2,973 | +17.3% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €107,380 | €141,517 | +€34,137 | +31.8% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,343 | -€94 | -6.6% |
| Total equity and liabilities | 10/49 | €129,866 | €163,533 | +€33,666 | +25.9% |
| Equity | 10/15 | €113,389 | €143,935 | +€30,546 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,189 | €137,735 | +€30,546 | +28.5% |
| Distributable reserves | 133 | €107,189 | €137,735 | +€30,546 | +28.5% |
| Amounts payable | 17/49 | €16,477 | €19,597 | +€3,120 | +18.9% |
| Amounts payable within one year | 42/48 | €16,477 | €19,597 | +€3,120 | +18.9% |
| Trade debts | 44 | €2,064 | €2,305 | +€241 | +11.7% |
| Suppliers | 440/4 | €2,064 | €2,305 | +€241 | +11.7% |
| Taxes, remuneration and social security | 45 | €3,268 | €5,704 | +€2,435 | +74.5% |
| Taxes | 450/3 | €3,268 | €5,704 | +€2,435 | +74.5% |
| Other amounts payable | 47/48 | €11,145 | €11,589 | +€444 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €350 | -€369 | -51.3% |
| Other operating charges | 640/8 | €1,024 | €1,288 | +€264 | +25.8% |
| Gross operating margin | 9900 | €33,945 | €44,118 | +€10,174 | +30.0% |
| Operating profit (loss) | 9901 | €32,201 | €42,480 | +€10,279 | +31.9% |
| Financial income | 75/76B | €663 | €752 | +€89 | +13.5% |
| Recurring financial income | 75 | €663 | €752 | +€89 | +13.5% |
| Financial charges | 65/66B | €234 | €257 | +€22 | +9.6% |
| Recurring financial charges | 65 | €234 | €257 | +€22 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €32,630 | €42,975 | +€10,345 | +31.7% |
| Income taxes | 67/77 | €9,585 | €12,429 | +€2,844 | +29.7% |
| Profit (loss) for the period | 9904 | €23,045 | €30,546 | +€7,501 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,045 | €30,546 | +€7,501 | +32.6% |
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 17 October 2026 via checked.be.