White 2: 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.
White 2
Largest movements
- Receivables within one year -€25,840
down €25,840 (-93.8%), from €27,539 to €1,699
of which Trade receivables: -€14,255
- Cash -€1,414
down €1,414 (-76.2%), from €1,856 to €442
mainly Net result for the year (-€16,185) and Advances received (-€14,477)
- Profit (loss) carried forward -€16,185
down €16,185 (-7.2%), from -€225,564 to -€241,748
- Advances received -€14,477
no longer reported in 2025 (was €14,477)
- Other debts +€4,731
up €4,731 (+4.0%), from €117,155 to €121,886
- Short-term financial debts -€1,409
down €1,409 (-1.4%), from €101,409 to €100,000
- Gross operating margin -€13,521
down €13,521, from €2,765 to -€10,757
- Financial charges -€3,066
down €3,066 (-37.0%), from €8,290 to €5,224
- Financial income -€598
down €598 (-99.9%), from €598 to €0
- Other operating charges -€209
down €209 (-50.5%), from €415 to €205
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 | €29,395 | €2,141 | -€27,254 | -92.7% |
| Current assets | 29/58 | €29,395 | €2,141 | -€27,254 | -92.7% |
| Amounts receivable within one year | 40/41 | €27,539 | €1,699 | -€25,840 | -93.8% |
| Trade receivables | 40 | €15,913 | €1,657 | -€14,255 | -89.6% |
| Other amounts receivable | 41 | €11,626 | €42 | -€11,585 | -99.6% |
| Cash at bank and in hand | 54/58 | €1,856 | €442 | -€1,414 | -76.2% |
| Total equity and liabilities | 10/49 | €29,395 | €2,141 | -€27,254 | -92.7% |
| Equity | 10/15 | -€206,964 | -€223,148 | -€16,185 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,564 | -€241,748 | -€16,185 | -7.2% |
| Amounts payable | 17/49 | €236,359 | €225,289 | -€11,069 | -4.7% |
| Amounts payable within one year | 42/48 | €236,359 | €225,289 | -€11,069 | -4.7% |
| Financial debts | 43 | €101,409 | €100,000 | -€1,409 | -1.4% |
| Credit institutions | 430/8 | €101,409 | €100,000 | -€1,409 | -1.4% |
| Trade debts | 44 | €3,317 | €3,403 | +€86 | +2.6% |
| Suppliers | 440/4 | €3,317 | €3,403 | +€86 | +2.6% |
| Advances received on contracts in progress | 46 | €14,477 | - | -€14,477 | |
| Other amounts payable | 47/48 | €117,155 | €121,886 | +€4,731 | +4.0% |
| Other operating charges | 640/8 | €415 | €205 | -€209 | -50.5% |
| Non-recurring operating charges | 66A | €2,890 | - | -€2,890 | |
| Gross operating margin | 9900 | €2,765 | -€10,757 | -€13,521 | |
| Operating profit (loss) | 9901 | -€540 | -€10,962 | -€10,422 | -1930.0% |
| Financial income | 75/76B | €598 | €0 | -€598 | -99.9% |
| Recurring financial income | 75 | €598 | €0 | -€598 | -99.9% |
| Financial charges | 65/66B | €8,290 | €5,224 | -€3,066 | -37.0% |
| Recurring financial charges | 65 | €8,290 | €5,224 | -€3,066 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,232 | -€16,185 | -€7,953 | -96.6% |
| Profit (loss) for the period | 9904 | -€8,232 | -€16,185 | -€7,953 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,232 | -€16,185 | -€7,953 | -96.6% |
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 7 October 2026 via checked.be.