WhetStone Properties: 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.
WhetStone Properties
Largest movements
- Cash +€44,479
up €44,479 (+357%), from €12,452 to €56,930
- Tangible fixed assets -€30,683
down €30,683 (-5.0%), from €613,712 to €583,029
- Receivables within one year +€6,972
new in 2025: €6,972
of which Trade receivables: +€6,902
- Profit (loss) carried forward +€92,447
up €92,447, from -€34,976 to €57,471
- Debts after one year -€89,389
down €89,389 (-14.6%), from €610,553 to €521,164
of which Financial debts: -€89,389
- Tax, wage and social debts +€11,979
new in 2025: €11,979
- Gross operating margin +€29,241
up €29,241 (+50.6%), from €57,746 to €86,987
- Taxes +€11,979
new in 2025: €11,979
- Financial charges -€2,008
down €2,008 (-13.9%), from €14,399 to €12,391
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,164 | €646,932 | +€20,767 | +3.3% |
| Fixed assets | 21/28 | €613,712 | €583,029 | -€30,683 | -5.0% |
| Tangible fixed assets | 22/27 | €613,712 | €583,029 | -€30,683 | -5.0% |
| Land and buildings | 22 | €613,712 | €583,029 | -€30,683 | -5.0% |
| Current assets | 29/58 | €12,452 | €63,903 | +€51,451 | +413% |
| Amounts receivable within one year | 40/41 | - | €6,972 | +€6,972 | |
| Trade receivables | 40 | - | €6,902 | +€6,902 | |
| Other amounts receivable | 41 | - | €70 | +€70 | |
| Cash at bank and in hand | 54/58 | €12,452 | €56,930 | +€44,479 | +357% |
| Total equity and liabilities | 10/49 | €626,164 | €646,932 | +€20,767 | +3.3% |
| Equity | 10/15 | -€32,476 | €59,971 | +€92,447 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,976 | €57,471 | +€92,447 | |
| Amounts payable | 17/49 | €658,640 | €586,961 | -€71,679 | -10.9% |
| Amounts payable after more than one year | 17 | €610,553 | €521,164 | -€89,389 | -14.6% |
| Financial debts | 170/4 | €539,045 | €449,656 | -€89,389 | -16.6% |
| Other amounts payable | 178/9 | €71,508 | €71,508 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,831 | €64,540 | +€17,709 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €41,378 | €46,858 | +€5,480 | +13.2% |
| Trade debts | 44 | €5,453 | €5,704 | +€251 | +4.6% |
| Suppliers | 440/4 | €5,453 | €5,704 | +€251 | +4.6% |
| Taxes, remuneration and social security | 45 | - | €11,979 | +€11,979 | |
| Taxes | 450/3 | - | €11,979 | +€11,979 | |
| Accrued charges and deferred income | 492/3 | €1,256 | €1,256 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,319 | €15,342 | +€23 | +0.2% |
| Other operating charges | 640/8 | €2,933 | €3,148 | +€215 | +7.3% |
| Gross operating margin | 9900 | €57,746 | €86,987 | +€29,241 | +50.6% |
| Operating profit (loss) | 9901 | €39,494 | €68,497 | +€29,003 | +73.4% |
| Financial charges | 65/66B | €14,399 | €12,391 | -€2,008 | -13.9% |
| Recurring financial charges | 65 | €14,399 | €12,391 | -€2,008 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €25,096 | €56,106 | +€31,011 | +124% |
| Income taxes | 67/77 | - | €11,979 | +€11,979 | |
| Profit (loss) for the period | 9904 | €25,096 | €44,128 | +€19,032 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,096 | €44,128 | +€19,032 | +75.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.