WHITE CAT: 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 CAT
Largest movements
- Receivables within one year +€61,237
up €61,237 (+112.7%), from €54,356 to €115,593
of which Other amounts receivable: +€34,758
- Tangible fixed assets +€58,595
up €58,595 (+30.4%), from €192,806 to €251,401
of which Plant, machinery and equipment: +€39,972
- Cash -€29,054
down €29,054 (-48.9%), from €59,476 to €30,422
mainly Receivables within one year (-€61,237) and Investment in fixed assets (net) (-€58,595)
- Other debts +€134,636
up €134,636 (+25.9%), from €519,815 to €654,451
- Profit (loss) carried forward -€56,300
down €56,300 (-22.4%), from -€251,456 to -€307,756
- Tax, wage and social debts +€12,443
up €12,443 (+63.8%), from €19,504 to €31,946
of which Taxes: +€9,588
- Gross operating margin -€79,241
down €79,241, from €68,530 to -€10,711
- Provisions -€32,148
new in 2024: -€32,148
- Staff costs -€22,238
down €22,238 (-24.3%), from €91,616 to €69,379
- Depreciation -€19,329
no longer reported in 2024 (was €19,329)
- Financial charges -€18,283
down €18,283 (-88.6%), from €20,646 to €2,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,116 | €409,893 | +€90,778 | +28.4% |
| Fixed assets | 21/28 | €192,806 | €251,401 | +€58,595 | +30.4% |
| Tangible fixed assets | 22/27 | €192,806 | €251,401 | +€58,595 | +30.4% |
| Plant, machinery and equipment | 23 | €74,315 | €114,287 | +€39,972 | +53.8% |
| Furniture and vehicles | 24 | €63,305 | €77,985 | +€14,680 | +23.2% |
| Other tangible fixed assets | 26 | €55,187 | €59,130 | +€3,943 | +7.1% |
| Current assets | 29/58 | €126,309 | €158,492 | +€32,183 | +25.5% |
| Stocks and contracts in progress | 3 | €10,360 | €10,360 | = | 0.0% |
| Stocks | 30/36 | €10,360 | €10,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,356 | €115,593 | +€61,237 | +112.7% |
| Trade receivables | 40 | €43,827 | €70,306 | +€26,480 | +60.4% |
| Other amounts receivable | 41 | €10,529 | €45,287 | +€34,758 | +330.1% |
| Current investments | 50/53 | €1,587 | €1,587 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,476 | €30,422 | -€29,054 | -48.9% |
| Deferred charges and accrued income | 490/1 | €530 | €530 | = | 0.0% |
| Total equity and liabilities | 10/49 | €319,116 | €409,893 | +€90,778 | +28.4% |
| Equity | 10/15 | -€220,204 | -€276,504 | -€56,300 | -25.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,252 | €1,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,252 | €1,252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,252 | €1,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,456 | -€307,756 | -€56,300 | -22.4% |
| Amounts payable | 17/49 | €539,319 | €686,397 | +€147,078 | +27.3% |
| Amounts payable within one year | 42/48 | €539,319 | €686,397 | +€147,078 | +27.3% |
| Taxes, remuneration and social security | 45 | €19,504 | €31,946 | +€12,443 | +63.8% |
| Taxes | 450/3 | €19,504 | €29,092 | +€9,588 | +49.2% |
| Remuneration and social security | 454/9 | - | €2,854 | +€2,854 | |
| Other amounts payable | 47/48 | €519,815 | €654,451 | +€134,636 | +25.9% |
| Remuneration, social security and pensions | 62 | €91,616 | €69,379 | -€22,238 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,329 | - | -€19,329 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€32,148 | -€32,148 | |
| Other operating charges | 640/8 | €1,108 | €6,782 | +€5,674 | +512.2% |
| Gross operating margin | 9900 | €68,530 | -€10,711 | -€79,241 | |
| Operating profit (loss) | 9901 | -€43,523 | -€54,724 | -€11,200 | -25.7% |
| Financial income | 75/76B | €348 | €787 | +€438 | +125.8% |
| Recurring financial income | 75 | €348 | €787 | +€438 | +125.8% |
| Financial charges | 65/66B | €20,646 | €2,363 | -€18,283 | -88.6% |
| Recurring financial charges | 65 | €20,646 | €2,363 | -€18,283 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | -€63,821 | -€56,300 | +€7,521 | +11.8% |
| Profit (loss) for the period | 9904 | -€63,821 | -€56,300 | +€7,521 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,821 | -€56,300 | +€7,521 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.