WHITE LOTUS: 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 LOTUS
Largest movements
- Tangible fixed assets -€2,262
down €2,262 (-2.0%), from €110,422 to €108,160
of which Plant, machinery and equipment: -€2,865
- Debts after one year -€12,846
down €12,846 (-58.6%), from €21,922 to €9,076
- Other debts +€4,392
up €4,392 (+114%), from €3,852 to €8,244
- Current portion of long-term debt +€4,320
up €4,320 (+23.9%), from €18,060 to €22,379
- Gross operating margin -€16,342
down €16,342 (-38.9%), from €42,018 to €25,676
- Taxes -€4,275
down €4,275 (-60.4%), from €7,079 to €2,804
- Depreciation +€478
up €478 (+3.0%), from €15,918 to €16,396
- Financial charges -€436
down €436 (-15.7%), from €2,780 to €2,344
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 | €134,079 | €130,227 | -€3,852 | -2.9% |
| Fixed assets | 21/28 | €110,422 | €108,160 | -€2,262 | -2.0% |
| Tangible fixed assets | 22/27 | €110,422 | €108,160 | -€2,262 | -2.0% |
| Land and buildings | 22 | €40,121 | €39,180 | -€941 | -2.3% |
| Plant, machinery and equipment | 23 | €68,828 | €65,964 | -€2,865 | -4.2% |
| Furniture and vehicles | 24 | €1,473 | €3,016 | +€1,543 | +105% |
| Current assets | 29/58 | €23,656 | €22,067 | -€1,590 | -6.7% |
| Amounts receivable within one year | 40/41 | €1,124 | €839 | -€285 | -25.4% |
| Trade receivables | 40 | €169 | €0 | -€169 | -100% |
| Other amounts receivable | 41 | €954 | €839 | -€116 | -12.1% |
| Cash at bank and in hand | 54/58 | €21,585 | €20,603 | -€982 | -4.5% |
| Deferred charges and accrued income | 490/1 | €948 | €625 | -€323 | -34.0% |
| Total equity and liabilities | 10/49 | €134,079 | €130,227 | -€3,852 | -2.9% |
| Equity | 10/15 | €85,843 | €86,442 | +€599 | +0.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €79,646 | €80,245 | +€599 | +0.8% |
| Tax-exempt reserves | 132 | €86 | €86 | = | 0.0% |
| Distributable reserves | 133 | €79,560 | €80,159 | +€599 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €48,236 | €43,785 | -€4,451 | -9.2% |
| Amounts payable after more than one year | 17 | €21,922 | €9,076 | -€12,846 | -58.6% |
| Financial debts | 170/4 | €21,922 | €9,076 | -€12,846 | -58.6% |
| Amounts payable within one year | 42/48 | €24,510 | €33,348 | +€8,838 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €18,060 | €22,379 | +€4,320 | +23.9% |
| Trade debts | 44 | €384 | €694 | +€309 | +80.5% |
| Suppliers | 440/4 | €384 | €694 | +€309 | +80.5% |
| Taxes, remuneration and social security | 45 | €2,214 | €2,031 | -€184 | -8.3% |
| Taxes | 450/3 | €2,214 | €2,031 | -€184 | -8.3% |
| Other amounts payable | 47/48 | €3,852 | €8,244 | +€4,392 | +114% |
| Accrued charges and deferred income | 492/3 | €1,804 | €1,361 | -€443 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,918 | €16,396 | +€478 | +3.0% |
| Other operating charges | 640/8 | €3,136 | €3,533 | +€397 | +12.7% |
| Gross operating margin | 9900 | €42,018 | €25,676 | -€16,342 | -38.9% |
| Operating profit (loss) | 9901 | €22,965 | €5,747 | -€17,217 | -75.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,780 | €2,344 | -€436 | -15.7% |
| Recurring financial charges | 65 | €2,780 | €2,344 | -€436 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €20,185 | €3,403 | -€16,781 | -83.1% |
| Income taxes | 67/77 | €7,079 | €2,804 | -€4,275 | -60.4% |
| Profit (loss) for the period | 9904 | €13,105 | €599 | -€12,506 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,105 | €599 | -€12,506 | -95.4% |
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 30 October 2026 via checked.be.