whistlebox: 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.
whistlebox
Largest movements
- Tangible fixed assets +€21,884
new in 2025: €21,884
of which Plant, machinery and equipment: +€12,873
- Cash -€20,096
down €20,096 (-49.8%), from €40,384 to €20,288
mainly Investment in fixed assets (net) (-€24,123) and Trade debts (-€15,753)
- Receivables within one year +€2,538
up €2,538 (+3.9%), from €64,401 to €66,939
of which Trade receivables: +€10,608
- Intangible fixed assets -€1,500
down €1,500 (-33.4%), from €4,496 to €2,996
- Profit (loss) carried forward +€17,567
up €17,567, from -€12,417 to €5,150
- Trade debts -€15,753
down €15,753 (-17.2%), from €91,699 to €75,947
- Gross operating margin +€17,914
up €17,914 (+397.4%), from €4,507 to €22,421
- Depreciation +€3,129
up €3,129 (+513.4%), from €610 to €3,739
- Taxes +€1,011
new in 2025: €1,011
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 | €109,282 | €112,108 | +€2,826 | +2.6% |
| Fixed assets | 21/28 | €4,496 | €24,880 | +€20,384 | +453.4% |
| Intangible fixed assets | 21 | €4,496 | €2,996 | -€1,500 | -33.4% |
| Tangible fixed assets | 22/27 | - | €21,884 | +€21,884 | |
| Plant, machinery and equipment | 23 | - | €12,873 | +€12,873 | |
| Furniture and vehicles | 24 | - | €9,011 | +€9,011 | |
| Current assets | 29/58 | €104,786 | €87,228 | -€17,558 | -16.8% |
| Amounts receivable within one year | 40/41 | €64,401 | €66,939 | +€2,538 | +3.9% |
| Trade receivables | 40 | €54,443 | €65,051 | +€10,608 | +19.5% |
| Other amounts receivable | 41 | €9,958 | €1,888 | -€8,071 | -81.0% |
| Cash at bank and in hand | 54/58 | €40,384 | €20,288 | -€20,096 | -49.8% |
| Total equity and liabilities | 10/49 | €109,282 | €112,108 | +€2,826 | +2.6% |
| Equity | 10/15 | €17,583 | €35,150 | +€17,567 | +99.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,417 | €5,150 | +€17,567 | |
| Amounts payable | 17/49 | €91,699 | €76,958 | -€14,741 | -16.1% |
| Amounts payable within one year | 42/48 | €91,699 | €76,958 | -€14,741 | -16.1% |
| Trade debts | 44 | €91,699 | €75,947 | -€15,753 | -17.2% |
| Suppliers | 440/4 | €91,699 | €75,947 | -€15,753 | -17.2% |
| Taxes, remuneration and social security | 45 | - | €1,011 | +€1,011 | |
| Taxes | 450/3 | - | €1,011 | +€1,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | €3,739 | +€3,129 | +513.4% |
| Gross operating margin | 9900 | €4,507 | €22,421 | +€17,914 | +397.4% |
| Operating profit (loss) | 9901 | €3,898 | €18,682 | +€14,784 | +379.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €105 | €105 | -€0 | -0.3% |
| Recurring financial charges | 65 | €105 | €105 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €3,793 | €18,578 | +€14,786 | +389.8% |
| Income taxes | 67/77 | - | €1,011 | +€1,011 | |
| Profit (loss) for the period | 9904 | €3,793 | €17,567 | +€13,774 | +363.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,793 | €17,567 | +€13,774 | +363.2% |
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 8 October 2026 via checked.be.