De Witte Tijger: 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 Tijger
Largest movements
- Cash +€18,269
up €18,269 (+2,243%), from €815 to €19,083
mainly Net result for the year (+€38,738) and Depreciation (+€25,096)
- Tangible fixed assets -€15,432
down €15,432 (-6.6%), from €233,667 to €218,235
of which Land and buildings: -€11,996
- Receivables within one year -€13,257
down €13,257 (-100%), from €13,257 to €0
of which Trade receivables: -€13,257
- Profit (loss) carried forward +€38,738
up €38,738, from -€37,720 to €1,018
- Other debts -€32,500
down €32,500 (-92.3%), from €35,221 to €2,721
- Debts after one year -€11,538
down €11,538 (-6.4%), from €180,674 to €169,136
- Provisions -€7,670
no longer reported in 2025 (was €7,670)
- Tax, wage and social debts +€6,254
new in 2025: €6,254
- Gross operating margin +€16,743
up €16,743 (+30.4%), from €55,077 to €71,819
- Depreciation +€7,437
up €7,437 (+42.1%), from €17,659 to €25,096
- Financial charges -€2,122
down €2,122 (-30.6%), from €6,922 to €4,801
- Other operating charges +€1,365
up €1,365 (+95.3%), from €1,432 to €2,798
- Taxes -€1,316
no longer reported in 2025 (was €1,316)
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 | €247,739 | €237,318 | -€10,420 | -4.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €233,667 | €218,235 | -€15,432 | -6.6% |
| Tangible fixed assets | 22/27 | €233,667 | €218,235 | -€15,432 | -6.6% |
| Land and buildings | 22 | €185,721 | €173,725 | -€11,996 | -6.5% |
| Plant, machinery and equipment | 23 | €0 | €7,052 | +€7,052 | |
| Furniture and vehicles | 24 | €47,946 | €37,458 | -€10,488 | -21.9% |
| Current assets | 29/58 | €14,072 | €19,083 | +€5,012 | +35.6% |
| Amounts receivable within one year | 40/41 | €13,257 | €0 | -€13,257 | -100% |
| Trade receivables | 40 | €13,257 | - | -€13,257 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €815 | €19,083 | +€18,269 | +2,243% |
| Total equity and liabilities | 10/49 | €247,739 | €237,318 | -€10,420 | -4.2% |
| Equity | 10/15 | €7,960 | €46,698 | +€38,738 | +487% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,680 | €25,680 | = | 0.0% |
| Distributable reserves | 133 | €25,680 | €25,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,720 | €1,018 | +€38,738 | |
| Provisions and deferred taxes | 16 | €7,670 | - | -€7,670 | |
| Provisions for liabilities and charges | 160/5 | €7,670 | - | -€7,670 | |
| Taxes | 161 | €7,670 | - | -€7,670 | |
| Amounts payable | 17/49 | €232,109 | €190,621 | -€41,489 | -17.9% |
| Amounts payable after more than one year | 17 | €180,674 | €169,136 | -€11,538 | -6.4% |
| Financial debts | 170/4 | €180,674 | €169,136 | -€11,538 | -6.4% |
| Amounts payable within one year | 42/48 | €51,435 | €21,485 | -€29,950 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €11,755 | €11,538 | -€216 | -1.8% |
| Trade debts | 44 | €4,460 | €972 | -€3,487 | -78.2% |
| Suppliers | 440/4 | €4,460 | €972 | -€3,487 | -78.2% |
| Taxes, remuneration and social security | 45 | - | €6,254 | +€6,254 | |
| Taxes | 450/3 | - | €6,254 | +€6,254 | |
| Other amounts payable | 47/48 | €35,221 | €2,721 | -€32,500 | -92.3% |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,659 | €25,096 | +€7,437 | +42.1% |
| Other operating charges | 640/8 | €1,432 | €2,798 | +€1,365 | +95.3% |
| Non-recurring operating charges | 66A | €3,646 | - | -€3,646 | |
| Gross operating margin | 9900 | €55,077 | €71,819 | +€16,743 | +30.4% |
| Operating profit (loss) | 9901 | €31,955 | €43,539 | +€11,584 | +36.2% |
| Financial charges | 65/66B | €6,922 | €4,801 | -€2,122 | -30.6% |
| Recurring financial charges | 65 | €6,922 | €4,801 | -€2,122 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €25,033 | €38,738 | +€13,705 | +54.7% |
| Income taxes | 67/77 | €1,316 | - | -€1,316 | |
| Profit (loss) for the period | 9904 | €23,717 | €38,738 | +€15,021 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,717 | €38,738 | +€15,021 | +63.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.