WHITE DOT: 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 DOT
Largest movements
- Receivables within one year +€10,287
up €10,287 (+183%), from €5,630 to €15,917
- Tangible fixed assets +€8,225
up €8,225 (+66.8%), from €12,311 to €20,536
of which Other tangible fixed assets: +€9,453
- Other debts +€34,907
up €34,907 (+37.5%), from €93,196 to €128,103
- Profit (loss) carried forward -€20,918
down €20,918 (-12.7%), from -€164,487 to -€185,405
- Tax, wage and social debts +€2,681
up €2,681 (+67.9%), from €3,949 to €6,630
of which Remuneration and social security: +€1,500
- Short-term financial debts +€1,465
new in 2025: €1,465
- Gross operating margin +€16,663
up €16,663 (+50.8%), from -€32,797 to -€16,134
- Depreciation -€1,684
down €1,684 (-40.5%), from €4,156 to €2,472
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 | €19,811 | €37,697 | +€17,886 | +90.3% |
| Fixed assets | 21/28 | €12,439 | €20,536 | +€8,096 | +65.1% |
| Intangible fixed assets | 21 | €129 | - | -€129 | |
| Tangible fixed assets | 22/27 | €12,311 | €20,536 | +€8,225 | +66.8% |
| Furniture and vehicles | 24 | €5,473 | €4,245 | -€1,228 | -22.4% |
| Other tangible fixed assets | 26 | €6,838 | €16,291 | +€9,453 | +138% |
| Current assets | 29/58 | €7,372 | €17,161 | +€9,789 | +133% |
| Amounts receivable within one year | 40/41 | €5,630 | €15,917 | +€10,287 | +183% |
| Trade receivables | 40 | €5,630 | €15,917 | +€10,287 | +183% |
| Cash at bank and in hand | 54/58 | €332 | €0 | -€332 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,410 | €1,244 | -€166 | -11.8% |
| Total equity and liabilities | 10/49 | €19,811 | €37,697 | +€17,886 | +90.3% |
| Equity | 10/15 | -€80,987 | -€101,905 | -€20,918 | -25.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €63,500 | €63,500 | = | 0.0% |
| Distributable reserves | 133 | €63,500 | €63,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,487 | -€185,405 | -€20,918 | -12.7% |
| Amounts payable | 17/49 | €100,799 | €139,602 | +€38,803 | +38.5% |
| Amounts payable within one year | 42/48 | €100,799 | €139,602 | +€38,803 | +38.5% |
| Financial debts | 43 | - | €1,465 | +€1,465 | |
| Credit institutions | 430/8 | - | €1,465 | +€1,465 | |
| Trade debts | 44 | €3,654 | €3,404 | -€249 | -6.8% |
| Suppliers | 440/4 | €3,654 | €3,404 | -€249 | -6.8% |
| Taxes, remuneration and social security | 45 | €3,949 | €6,630 | +€2,681 | +67.9% |
| Taxes | 450/3 | €3,949 | €5,130 | +€1,181 | +29.9% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €93,196 | €128,103 | +€34,907 | +37.5% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,156 | €2,472 | -€1,684 | -40.5% |
| Other operating charges | 640/8 | €1,921 | €1,642 | -€279 | -14.5% |
| Gross operating margin | 9900 | -€32,797 | -€16,134 | +€16,663 | +50.8% |
| Operating profit (loss) | 9901 | -€38,874 | -€20,248 | +€18,626 | +47.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €307 | €436 | +€129 | +42.2% |
| Recurring financial charges | 65 | €307 | €436 | +€129 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,181 | -€20,678 | +€18,503 | +47.2% |
| Income taxes | 67/77 | €207 | €240 | +€33 | +15.8% |
| Profit (loss) for the period | 9904 | -€39,388 | -€20,918 | +€18,470 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,388 | -€20,918 | +€18,470 | +46.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.