WHITE BLUE STABLE: 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.
WHITE BLUE STABLE
Largest movements
- Stocks and contracts -€2,500
down €2,500 (-6.8%), from €36,627 to €34,127
- Cash +€934
up €934 (+51.1%), from €1,829 to €2,762
mainly Stocks and contracts (+€2,500) and Trade debts (+€896)
- Tangible fixed assets -€621
down €621 (-92.9%), from €669 to €48
- Other debts -€2,000
down €2,000 (-25.0%), from €8,000 to €6,000
- Trade debts +€896
up €896 (+69.3%), from €1,294 to €2,190
- Profit (loss) carried forward -€661
down €661 (-2.3%), from -€28,492 to -€29,153
- Gross operating margin +€4,903
up €4,903, from -€4,525 to €378
- Write-downs -€3,200
down €3,200 (-100%), from €3,200 to €0
- Financial income -€172
down €172 (-34.7%), from €495 to €323
- Other operating charges +€54
up €54 (+10.2%), from €525 to €579
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.
Derived cash bridge
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 | €49,002 | €47,238 | -€1,764 | -3.6% |
| Fixed assets | 21/28 | €669 | €48 | -€621 | -92.9% |
| Tangible fixed assets | 22/27 | €669 | €48 | -€621 | -92.9% |
| Furniture and vehicles | 24 | €669 | €48 | -€621 | -92.9% |
| Current assets | 29/58 | €48,333 | €47,190 | -€1,143 | -2.4% |
| Stocks and contracts in progress | 3 | €36,627 | €34,127 | -€2,500 | -6.8% |
| Stocks | 30/36 | €36,627 | €34,127 | -€2,500 | -6.8% |
| Amounts receivable within one year | 40/41 | €9,878 | €10,301 | +€423 | +4.3% |
| Trade receivables | 40 | €1,712 | €1,812 | +€100 | +5.8% |
| Other amounts receivable | 41 | €8,166 | €8,489 | +€323 | +4.0% |
| Cash at bank and in hand | 54/58 | €1,829 | €2,762 | +€934 | +51.1% |
| Total equity and liabilities | 10/49 | €49,002 | €47,238 | -€1,764 | -3.6% |
| Equity | 10/15 | €39,708 | €39,047 | -€661 | -1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,492 | -€29,153 | -€661 | -2.3% |
| Amounts payable | 17/49 | €9,294 | €8,190 | -€1,104 | -11.9% |
| Amounts payable within one year | 42/48 | €9,294 | €8,190 | -€1,104 | -11.9% |
| Trade debts | 44 | €1,294 | €2,190 | +€896 | +69.3% |
| Suppliers | 440/4 | €1,294 | €2,190 | +€896 | +69.3% |
| Other amounts payable | 47/48 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €621 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,200 | €0 | -€3,200 | -100% |
| Other operating charges | 640/8 | €525 | €579 | +€54 | +10.2% |
| Non-recurring operating charges | 66A | €3,468 | €0 | -€3,468 | -100% |
| Gross operating margin | 9900 | -€4,525 | €378 | +€4,903 | |
| Operating profit (loss) | 9901 | -€12,339 | -€822 | +€11,516 | +93.3% |
| Financial income | 75/76B | €495 | €323 | -€172 | -34.7% |
| Recurring financial income | 75 | €495 | €323 | -€172 | -34.7% |
| Financial charges | 65/66B | €130 | €161 | +€32 | +24.3% |
| Recurring financial charges | 65 | €130 | €161 | +€32 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,974 | -€661 | +€11,313 | +94.5% |
| Profit (loss) for the period | 9904 | -€11,974 | -€661 | +€11,313 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,974 | -€661 | +€11,313 | +94.5% |
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 21 October 2026 via checked.be.