WHITE CLIFFS TRADING: 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 CLIFFS TRADING
Largest movements
- Cash +€3,961
up €3,961 (+14.8%), from €26,825 to €30,785
mainly Net result for the year (+€15,505) and Trade debts (+€2,410)
- Stocks and contracts -€1,242
down €1,242 (-5.0%), from €25,017 to €23,775
- Receivables within one year +€883
up €883 (+23.3%), from €3,795 to €4,678
of which Trade receivables: +€836
- Profit (loss) carried forward +€15,505
up €15,505 (+38.8%), from -€39,971 to -€24,465
- Debts after one year -€14,727
down €14,727 (-55.2%), from €26,658 to €11,931
- Trade debts +€2,410
up €2,410 (+19.9%), from €12,124 to €14,534
- Staff costs -€25,278
no longer reported in 2025 (was €25,278)
- Gross operating margin -€6,053
down €6,053 (-24.4%), from €24,847 to €18,794
- Financial income -€3,581
no longer reported in 2025 (was €3,581)
of which Non-recurring financial income: -€3,556
- Financial charges +€878
up €878 (+274%), from €321 to €1,199
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 | €61,093 | €64,610 | +€3,516 | +5.8% |
| Fixed assets | 21/28 | €4,735 | €4,332 | -€404 | -8.5% |
| Tangible fixed assets | 22/27 | €1,185 | €782 | -€404 | -34.0% |
| Plant, machinery and equipment | 23 | €4 | - | -€4 | |
| Furniture and vehicles | 24 | €1,182 | €782 | -€400 | -33.8% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €56,358 | €60,278 | +€3,920 | +7.0% |
| Stocks and contracts in progress | 3 | €25,017 | €23,775 | -€1,242 | -5.0% |
| Stocks | 30/36 | €25,017 | €23,775 | -€1,242 | -5.0% |
| Amounts receivable within one year | 40/41 | €3,795 | €4,678 | +€883 | +23.3% |
| Trade receivables | 40 | €3,795 | €4,631 | +€836 | +22.0% |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €26,825 | €30,785 | +€3,961 | +14.8% |
| Deferred charges and accrued income | 490/1 | €721 | €1,039 | +€318 | +44.2% |
| Total equity and liabilities | 10/49 | €61,093 | €64,610 | +€3,516 | +5.8% |
| Equity | 10/15 | €20,051 | €35,556 | +€15,505 | +77.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €22 | €22 | = | 0.0% |
| Tax-exempt reserves | 132 | €22 | €22 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,971 | -€24,465 | +€15,505 | +38.8% |
| Amounts payable | 17/49 | €41,042 | €29,053 | -€11,989 | -29.2% |
| Amounts payable after more than one year | 17 | €26,658 | €11,931 | -€14,727 | -55.2% |
| Other amounts payable | 178/9 | €26,658 | €11,931 | -€14,727 | -55.2% |
| Amounts payable within one year | 42/48 | €14,364 | €17,101 | +€2,737 | +19.1% |
| Trade debts | 44 | €12,124 | €14,534 | +€2,410 | +19.9% |
| Suppliers | 440/4 | €12,124 | €14,534 | +€2,410 | +19.9% |
| Taxes, remuneration and social security | 45 | €1,994 | €1,845 | -€149 | -7.5% |
| Taxes | 450/3 | €1,994 | €1,845 | -€149 | -7.5% |
| Other amounts payable | 47/48 | €246 | €722 | +€476 | +194% |
| Accrued charges and deferred income | 492/3 | €20 | €21 | +€1 | +2.6% |
| Remuneration, social security and pensions | 62 | €25,278 | - | -€25,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €404 | +€28 | +7.4% |
| Other operating charges | 640/8 | €1,677 | €1,546 | -€132 | -7.9% |
| Gross operating margin | 9900 | €24,847 | €18,794 | -€6,053 | -24.4% |
| Operating profit (loss) | 9901 | -€2,485 | €16,845 | +€19,330 | |
| Financial income | 75/76B | €3,581 | - | -€3,581 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Non-recurring financial income | 76B | €3,556 | - | -€3,556 | |
| Financial charges | 65/66B | €321 | €1,199 | +€878 | +274% |
| Recurring financial charges | 65 | €321 | €1,199 | +€878 | +274% |
| Profit (loss) for the period before taxes | 9903 | €776 | €15,646 | +€14,871 | +1,917% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €636 | €15,505 | +€14,869 | +2,337% |
| Profit (loss) for the period to be appropriated | 9905 | €636 | €15,505 | +€14,869 | +2,337% |
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 23 October 2026 via checked.be.