White Hat Consulting: 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 Hat Consulting
Largest movements
- Cash -€13,406
down €13,406 (-88.5%), from €15,146 to €1,740
mainly Receivables within one year (-€10,401) and Trade debts (-€3,433)
- Receivables within one year +€10,401
up €10,401 (+250%), from €4,152 to €14,553
of which Other amounts receivable: +€5,799
- Tangible fixed assets +€1,431
up €1,431, from €0 to €1,431
- Trade debts -€3,433
down €3,433 (-37.7%), from €9,103 to €5,670
- Short-term financial debts +€2,898
up €2,898 (+572%), from €507 to €3,405
- Tax, wage and social debts -€1,948
down €1,948 (-60.1%), from €3,243 to €1,295
- Reserves +€1,500
up €1,500 (+27.3%), from €5,500 to €7,000
- Other debts -€473
down €473 (-84.0%), from €563 to €90
- Gross operating margin -€2,227
down €2,227 (-37.4%), from €5,950 to €3,723
- Taxes -€790
down €790 (-39.4%), from €2,006 to €1,216
- Depreciation +€131
up €131 (+94.7%), from €139 to €270
- Financial income +€113
up €113 (+2,711%), from €4 to €118
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 | €19,416 | €17,960 | -€1,457 | -7.5% |
| Fixed assets | 21/28 | €0 | €1,431 | +€1,431 | |
| Tangible fixed assets | 22/27 | €0 | €1,431 | +€1,431 | |
| Plant, machinery and equipment | 23 | €0 | €1,431 | +€1,431 | |
| Current assets | 29/58 | €19,416 | €16,529 | -€2,888 | -14.9% |
| Amounts receivable within one year | 40/41 | €4,152 | €14,553 | +€10,401 | +250% |
| Trade receivables | 40 | €4,054 | €8,655 | +€4,602 | +114% |
| Other amounts receivable | 41 | €99 | €5,898 | +€5,799 | +5,866% |
| Cash at bank and in hand | 54/58 | €15,146 | €1,740 | -€13,406 | -88.5% |
| Deferred charges and accrued income | 490/1 | €118 | €236 | +€118 | +99.3% |
| Total equity and liabilities | 10/49 | €19,416 | €17,960 | -€1,457 | -7.5% |
| Equity | 10/15 | €6,000 | €7,500 | +€1,500 | +25.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €5,500 | €7,000 | +€1,500 | +27.3% |
| Distributable reserves | 133 | €5,500 | €7,000 | +€1,500 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,416 | €10,460 | -€2,957 | -22.0% |
| Amounts payable within one year | 42/48 | €13,416 | €10,460 | -€2,957 | -22.0% |
| Financial debts | 43 | €507 | €3,405 | +€2,898 | +572% |
| Credit institutions | 430/8 | €507 | €3,405 | +€2,898 | +572% |
| Trade debts | 44 | €9,103 | €5,670 | -€3,433 | -37.7% |
| Suppliers | 440/4 | €9,103 | €5,670 | -€3,433 | -37.7% |
| Taxes, remuneration and social security | 45 | €3,243 | €1,295 | -€1,948 | -60.1% |
| Taxes | 450/3 | €3,243 | €1,295 | -€1,948 | -60.1% |
| Other amounts payable | 47/48 | €563 | €90 | -€473 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €270 | +€131 | +94.7% |
| Other operating charges | 640/8 | €519 | €528 | +€9 | +1.6% |
| Gross operating margin | 9900 | €5,950 | €3,723 | -€2,227 | -37.4% |
| Operating profit (loss) | 9901 | €5,292 | €2,925 | -€2,367 | -44.7% |
| Financial income | 75/76B | €4 | €118 | +€113 | +2,711% |
| Recurring financial income | 75 | €4 | €118 | +€113 | +2,711% |
| Financial charges | 65/66B | €227 | €236 | +€9 | +4.0% |
| Recurring financial charges | 65 | €227 | €236 | +€9 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €5,069 | €2,806 | -€2,263 | -44.6% |
| Income taxes | 67/77 | €2,006 | €1,216 | -€790 | -39.4% |
| Profit (loss) for the period | 9904 | €3,063 | €1,590 | -€1,473 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,063 | €1,590 | -€1,473 | -48.1% |
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 21 October 2026 via checked.be.