Pearly Whites: 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.
Pearly Whites
Largest movements
- Cash +€120,874
up €120,874 (+87.3%), from €138,524 to €259,398
mainly Net result for the year (+€117,983) and Tax, wage and social debts (+€7,358)
- Reserves +€117,150
up €117,150 (+120.8%), from €96,940 to €214,090
- Tax, wage and social debts +€7,358
up €7,358 (+23.1%), from €31,795 to €39,153
of which Taxes: +€7,358
- Gross operating margin +€27,736
up €27,736 (+21.4%), from €129,700 to €157,436
- Taxes +€7,455
up €7,455 (+24.9%), from €29,945 to €37,399
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 | €143,311 | €263,866 | +€120,555 | +84.1% |
| Fixed assets | 21/28 | €4,787 | €4,328 | -€459 | -9.6% |
| Tangible fixed assets | 22/27 | €4,787 | €4,328 | -€459 | -9.6% |
| Plant, machinery and equipment | 23 | €4,440 | €3,330 | -€1,110 | -25.0% |
| Furniture and vehicles | 24 | €347 | €998 | +€651 | +187.4% |
| Current assets | 29/58 | €138,524 | €259,538 | +€121,014 | +87.4% |
| Cash at bank and in hand | 54/58 | €138,524 | €259,398 | +€120,874 | +87.3% |
| Deferred charges and accrued income | 490/1 | - | €140 | +€140 | |
| Total equity and liabilities | 10/49 | €143,311 | €263,866 | +€120,555 | +84.1% |
| Equity | 10/15 | €100,940 | €218,090 | +€117,150 | +116.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €96,940 | €214,090 | +€117,150 | +120.8% |
| Distributable reserves | 133 | €96,940 | €214,090 | +€117,150 | +120.8% |
| Amounts payable | 17/49 | €42,371 | €45,776 | +€3,404 | +8.0% |
| Amounts payable within one year | 42/48 | €40,573 | €45,776 | +€5,202 | +12.8% |
| Trade debts | 44 | €2,020 | €2,277 | +€257 | +12.7% |
| Suppliers | 440/4 | €2,020 | €2,277 | +€257 | +12.7% |
| Taxes, remuneration and social security | 45 | €31,795 | €39,153 | +€7,358 | +23.1% |
| Taxes | 450/3 | €30,395 | €37,753 | +€7,358 | +24.2% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €6,759 | €4,346 | -€2,412 | -35.7% |
| Accrued charges and deferred income | 492/3 | €1,798 | - | -€1,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €1,295 | -€233 | -15.3% |
| Other operating charges | 640/8 | €321 | €208 | -€113 | -35.3% |
| Gross operating margin | 9900 | €129,700 | €157,436 | +€27,736 | +21.4% |
| Operating profit (loss) | 9901 | €127,850 | €155,933 | +€28,083 | +22.0% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €182 | €550 | +€368 | +201.7% |
| Recurring financial charges | 65 | €182 | €550 | +€368 | +201.7% |
| Profit (loss) for the period before taxes | 9903 | €127,685 | €155,383 | +€27,697 | +21.7% |
| Income taxes | 67/77 | €29,945 | €37,399 | +€7,455 | +24.9% |
| Profit (loss) for the period | 9904 | €97,740 | €117,983 | +€20,243 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,740 | €117,983 | +€20,243 | +20.7% |
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 12 October 2026 via checked.be.