JOHN WHITE SERVICES: what changed
Two fiscal 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.
JOHN WHITE SERVICES
Largest movements
- Cash +€35,233
up €35,233 (+773.2%), from €4,557 to €39,790
mainly Net result for the year (+€56,618) and Depreciation (+€5,953)
- Receivables within one year +€12,328
up €12,328 (+649.7%), from €1,897 to €14,225
of which Trade receivables: +€12,498
- Deferred charges and accrued income +€5,358
up €5,358 (+1012.9%), from €529 to €5,887
- Tangible fixed assets +€2,073
up €2,073 (+1.6%), from €131,234 to €133,307
of which Land and buildings: +€2,839
- Profit (loss) carried forward +€56,618
up €56,618 (+225.4%), from €25,122 to €81,741
- Other debts -€7,697
down €7,697 (-8.3%), from €93,057 to €85,360
- Current portion of long-term debt +€3,917
new in 2025: €3,917
- Gross operating margin +€53,898
up €53,898 (+378.2%), from €14,252 to €68,150
- Financial charges +€2,188
up €2,188 (+507.2%), from €431 to €2,619
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.
Cash bridge derived
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 | €138,217 | €193,208 | +€54,991 | +39.8% |
| Fixed assets | 21/28 | €131,234 | €133,307 | +€2,073 | +1.6% |
| Tangible fixed assets | 22/27 | €131,234 | €133,307 | +€2,073 | +1.6% |
| Land and buildings | 22 | €129,430 | €132,269 | +€2,839 | +2.2% |
| Plant, machinery and equipment | 23 | €1,795 | €1,037 | -€757 | -42.2% |
| Furniture and vehicles | 24 | €9 | €0 | -€9 | -100.0% |
| Current assets | 29/58 | €6,983 | €59,902 | +€52,918 | +757.8% |
| Amounts receivable within one year | 40/41 | €1,897 | €14,225 | +€12,328 | +649.7% |
| Trade receivables | 40 | €0 | €12,498 | +€12,498 | |
| Other amounts receivable | 41 | €1,897 | €1,728 | -€170 | -8.9% |
| Cash at bank and in hand | 54/58 | €4,557 | €39,790 | +€35,233 | +773.2% |
| Deferred charges and accrued income | 490/1 | €529 | €5,887 | +€5,358 | +1012.9% |
| Total equity and liabilities | 10/49 | €138,217 | €193,208 | +€54,991 | +39.8% |
| Equity | 10/15 | €44,683 | €101,301 | +€56,618 | +126.7% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €11,955 | €11,955 | = | 0.0% |
| Distributable reserves | 133 | €11,955 | €11,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,122 | €81,741 | +€56,618 | +225.4% |
| Amounts payable | 17/49 | €93,534 | €91,907 | -€1,627 | -1.7% |
| Amounts payable after more than one year | 17 | - | €334 | +€334 | |
| Financial debts | 170/4 | - | €334 | +€334 | |
| Amounts payable within one year | 42/48 | €93,534 | €91,573 | -€1,961 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,917 | +€3,917 | |
| Trade debts | 44 | €179 | €1,782 | +€1,603 | +896.5% |
| Suppliers | 440/4 | €179 | €1,782 | +€1,603 | +896.5% |
| Taxes, remuneration and social security | 45 | €298 | €513 | +€215 | +72.2% |
| Taxes | 450/3 | €298 | €513 | +€215 | +72.2% |
| Other amounts payable | 47/48 | €93,057 | €85,360 | -€7,697 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,043 | €5,953 | -€90 | -1.5% |
| Other operating charges | 640/8 | €2,667 | €2,748 | +€81 | +3.0% |
| Gross operating margin | 9900 | €14,252 | €68,150 | +€53,898 | +378.2% |
| Operating profit (loss) | 9901 | €5,542 | €59,450 | +€53,907 | +972.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €431 | €2,619 | +€2,188 | +507.2% |
| Recurring financial charges | 65 | €431 | €2,619 | +€2,188 | +507.2% |
| Profit (loss) for the period before taxes | 9903 | €5,111 | €56,830 | +€51,719 | +1011.9% |
| Income taxes | 67/77 | €205 | €212 | +€6 | +3.1% |
| Profit (loss) for the period | 9904 | €4,906 | €56,618 | +€51,713 | +1054.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,906 | €56,618 | +€51,713 | +1054.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.