WHITE COTTAGE: 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 COTTAGE
Largest movements
- Cash -€4,953
down €4,953 (-72.1%), from €6,874 to €1,920
mainly Net result for the year (-€6,833) and Receivables within one year (-€1,993)
- Receivables within one year +€1,993
new in 2025: €1,993
- Tangible fixed assets -€472
down €472 (-2.0%), from €23,173 to €22,701
of which Plant, machinery and equipment: -€472
- Profit (loss) carried forward -€6,833
down €6,833 (-97.4%), from €7,013 to €180
- Trade debts +€3,317
up €3,317 (+2632.5%), from €126 to €3,443
- Gross operating margin -€7,361
down €7,361, from €2,186 to -€5,175
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 | €30,046 | €26,614 | -€3,432 | -11.4% |
| Fixed assets | 21/28 | €23,173 | €22,701 | -€472 | -2.0% |
| Tangible fixed assets | 22/27 | €23,173 | €22,701 | -€472 | -2.0% |
| Land and buildings | 22 | €21,427 | €21,427 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,745 | €1,273 | -€472 | -27.0% |
| Current assets | 29/58 | €6,874 | €3,914 | -€2,960 | -43.1% |
| Amounts receivable within one year | 40/41 | - | €1,993 | +€1,993 | |
| Trade receivables | 40 | - | €1,993 | +€1,993 | |
| Cash at bank and in hand | 54/58 | €6,874 | €1,920 | -€4,953 | -72.1% |
| Total equity and liabilities | 10/49 | €30,046 | €26,614 | -€3,432 | -11.4% |
| Equity | 10/15 | €26,563 | €19,730 | -€6,833 | -25.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,013 | €180 | -€6,833 | -97.4% |
| Amounts payable | 17/49 | €3,484 | €6,884 | +€3,401 | +97.6% |
| Amounts payable within one year | 42/48 | €3,484 | €6,884 | +€3,401 | +97.6% |
| Trade debts | 44 | €126 | €3,443 | +€3,317 | +2632.5% |
| Suppliers | 440/4 | €126 | €3,443 | +€3,317 | +2632.5% |
| Other amounts payable | 47/48 | €3,358 | €3,441 | +€84 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €472 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,140 | +€33 | +3.0% |
| Gross operating margin | 9900 | €2,186 | -€5,175 | -€7,361 | |
| Operating profit (loss) | 9901 | €606 | -€6,788 | -€7,394 | |
| Financial charges | 65/66B | €47 | €45 | -€2 | -3.5% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €560 | -€6,833 | -€7,392 | |
| Profit (loss) for the period | 9904 | €560 | -€6,833 | -€7,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €560 | -€6,833 | -€7,392 |
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 12 October 2026 via checked.be.