WHITE HANDS: 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 HANDS
Largest movements
- Cash +€153,159
up €153,159 (+43.8%), from €350,015 to €503,174
mainly Net result for the year (+€103,279) and Depreciation (+€38,006)
- Tangible fixed assets +€37,241
up €37,241 (+75.5%), from €49,342 to €86,583
of which Furniture and vehicles: +€38,190
- Receivables within one year -€35,560
down €35,560 (-69.8%), from €50,944 to €15,384
of which Trade receivables: -€37,507
- Profit (loss) carried forward +€103,279
up €103,279 (+29.2%), from €354,059 to €457,338
- Debts after one year +€25,256
new in 2025: €25,256
- Current portion of long-term debt +€12,628
new in 2025: €12,628
- Tax, wage and social debts +€6,840
up €6,840 (+30.3%), from €22,558 to €29,397
of which Remuneration and social security: +€13,220
- Gross operating margin +€53,205
up €53,205 (+26.6%), from €200,218 to €253,424
- Taxes +€9,167
up €9,167 (+48.2%), from €19,023 to €28,190
- Other operating charges +€7,577
up €7,577 (+309%), from €2,452 to €10,029
- Depreciation +€3,496
up €3,496 (+10.1%), from €34,510 to €38,006
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 | €466,625 | €616,065 | +€149,440 | +32.0% |
| Fixed assets | 21/28 | €51,516 | €88,758 | +€37,241 | +72.3% |
| Tangible fixed assets | 22/27 | €49,342 | €86,583 | +€37,241 | +75.5% |
| Plant, machinery and equipment | 23 | €11,017 | €10,069 | -€948 | -8.6% |
| Furniture and vehicles | 24 | €38,325 | €76,514 | +€38,190 | +99.6% |
| Financial fixed assets | 28 | €2,174 | €2,174 | = | 0.0% |
| Current assets | 29/58 | €415,109 | €527,308 | +€112,199 | +27.0% |
| Stocks and contracts in progress | 3 | €14,150 | €8,750 | -€5,400 | -38.2% |
| Stocks | 30/36 | €14,150 | €8,750 | -€5,400 | -38.2% |
| Amounts receivable within one year | 40/41 | €50,944 | €15,384 | -€35,560 | -69.8% |
| Trade receivables | 40 | €50,944 | €13,437 | -€37,507 | -73.6% |
| Other amounts receivable | 41 | - | €1,947 | +€1,947 | |
| Cash at bank and in hand | 54/58 | €350,015 | €503,174 | +€153,159 | +43.8% |
| Total equity and liabilities | 10/49 | €466,625 | €616,065 | +€149,440 | +32.0% |
| Equity | 10/15 | €374,519 | €477,798 | +€103,279 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,059 | €457,338 | +€103,279 | +29.2% |
| Amounts payable | 17/49 | €92,106 | €138,267 | +€46,161 | +50.1% |
| Amounts payable after more than one year | 17 | - | €25,256 | +€25,256 | |
| Financial debts | 170/4 | - | €25,256 | +€25,256 | |
| Amounts payable within one year | 42/48 | €89,106 | €113,010 | +€23,904 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,628 | +€12,628 | |
| Trade debts | 44 | €66,549 | €70,065 | +€3,517 | +5.3% |
| Suppliers | 440/4 | €66,549 | €70,065 | +€3,517 | +5.3% |
| Taxes, remuneration and social security | 45 | €22,558 | €29,397 | +€6,840 | +30.3% |
| Taxes | 450/3 | €6,380 | - | -€6,380 | |
| Remuneration and social security | 454/9 | €16,178 | €29,397 | +€13,220 | +81.7% |
| Other amounts payable | 47/48 | - | €920 | +€920 | |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €70,292 | €71,831 | +€1,539 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,510 | €38,006 | +€3,496 | +10.1% |
| Other operating charges | 640/8 | €2,452 | €10,029 | +€7,577 | +309% |
| Non-recurring operating charges | 66A | €1,660 | €1,800 | +€140 | +8.4% |
| Gross operating margin | 9900 | €200,218 | €253,424 | +€53,205 | +26.6% |
| Operating profit (loss) | 9901 | €91,304 | €131,758 | +€40,453 | +44.3% |
| Financial charges | 65/66B | €232 | €289 | +€56 | +24.2% |
| Recurring financial charges | 65 | €232 | €289 | +€56 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €91,072 | €131,469 | +€40,397 | +44.4% |
| Income taxes | 67/77 | €19,023 | €28,190 | +€9,167 | +48.2% |
| Profit (loss) for the period | 9904 | €72,049 | €103,279 | +€31,230 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,049 | €103,279 | +€31,230 | +43.3% |
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 15 October 2026 via checked.be.