WHITE MOUNT: what changed
Two fiscal 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 MOUNT
Largest movements
- Cash +€29,459
up €29,459 (+61.8%), from €47,674 to €77,133
mainly Net result for the year (+€42,352) and Depreciation (+€8,819)
- Receivables within one year +€20,078
up €20,078 (+12.9%), from €155,058 to €175,136
of which Other amounts receivable: +€16,157
- Tangible fixed assets -€8,819
down €8,819 (-89.9%), from €9,809 to €991
- Profit (loss) carried forward +€42,352
new in 2025: €42,352
- Taxes -€7,951
down €7,951 (-36.9%), from €21,560 to €13,608
- Gross operating margin -€1,256
down €1,256 (-1.9%), from €67,212 to €65,956
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 | €212,774 | €253,504 | +€40,730 | +19.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €9,809 | €991 | -€8,819 | -89.9% |
| Tangible fixed assets | 22/27 | €9,809 | €991 | -€8,819 | -89.9% |
| Furniture and vehicles | 24 | €9,809 | €991 | -€8,819 | -89.9% |
| Current assets | 29/58 | €202,965 | €252,514 | +€49,549 | +24.4% |
| Amounts receivable within one year | 40/41 | €155,058 | €175,136 | +€20,078 | +12.9% |
| Trade receivables | 40 | €31,965 | €35,885 | +€3,920 | +12.3% |
| Other amounts receivable | 41 | €123,094 | €139,251 | +€16,157 | +13.1% |
| Cash at bank and in hand | 54/58 | €47,674 | €77,133 | +€29,459 | +61.8% |
| Deferred charges and accrued income | 490/1 | €233 | €245 | +€12 | +5.3% |
| Total equity and liabilities | 10/49 | €212,774 | €253,504 | +€40,730 | +19.1% |
| Equity | 10/15 | €199,305 | €241,656 | +€42,352 | +21.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €193,305 | €193,305 | = | 0.0% |
| Distributable reserves | 133 | €193,305 | €193,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €42,352 | +€42,352 | |
| Amounts payable | 17/49 | €13,470 | €11,848 | -€1,622 | -12.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,470 | €11,848 | -€1,622 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €1,655 | €0 | -€1,655 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,847 | €5,294 | +€2,447 | +85.9% |
| Suppliers | 440/4 | €2,847 | €5,294 | +€2,447 | +85.9% |
| Taxes, remuneration and social security | 45 | €8,967 | €6,554 | -€2,413 | -26.9% |
| Taxes | 450/3 | €8,967 | €6,554 | -€2,413 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €8,819 | -€119 | -1.3% |
| Other operating charges | 640/8 | €630 | €1,175 | +€545 | +86.5% |
| Gross operating margin | 9900 | €67,212 | €65,956 | -€1,256 | -1.9% |
| Operating profit (loss) | 9901 | €57,644 | €55,962 | -€1,681 | -2.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €104 | €3 | -€102 | -97.5% |
| Recurring financial charges | 65 | €104 | €3 | -€102 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €57,540 | €55,960 | -€1,580 | -2.7% |
| Income taxes | 67/77 | €21,560 | €13,608 | -€7,951 | -36.9% |
| Profit (loss) for the period | 9904 | €35,980 | €42,352 | +€6,371 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,980 | €42,352 | +€6,371 | +17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.