White Pearl: 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 Pearl
Largest movements
- Cash +€20,748
up €20,748 (+14.0%), from €147,800 to €168,547
mainly Net result for the year (+€40,287) and Receivables within one year (+€13,910)
- Receivables within one year -€13,910
down €13,910 (-62.9%), from €22,104 to €8,194
of which Other amounts receivable: -€13,956
- Deferred charges and accrued income +€9,901
up €9,901 (+68.9%), from €14,367 to €24,268
- Profit (loss) carried forward +€22,543
up €22,543 (+13.0%), from €173,150 to €195,694
- Tax, wage and social debts -€5,770
down €5,770 (-71.4%), from €8,085 to €2,315
- Financial charges +€54,134
up €54,134 (+39,866%), from €136 to €54,270
- Gross operating margin +€21,146
up €21,146 (+25.1%), from €84,396 to €105,542
- Taxes +€11,304
new in 2025: €11,304
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 | €184,271 | €201,009 | +€16,738 | +9.1% |
| Current assets | 29/58 | €184,271 | €201,009 | +€16,738 | +9.1% |
| Amounts receivable within one year | 40/41 | €22,104 | €8,194 | -€13,910 | -62.9% |
| Trade receivables | 40 | - | €46 | +€46 | |
| Other amounts receivable | 41 | €22,104 | €8,147 | -€13,956 | -63.1% |
| Cash at bank and in hand | 54/58 | €147,800 | €168,547 | +€20,748 | +14.0% |
| Deferred charges and accrued income | 490/1 | €14,367 | €24,268 | +€9,901 | +68.9% |
| Total equity and liabilities | 10/49 | €184,271 | €201,009 | +€16,738 | +9.1% |
| Equity | 10/15 | €176,150 | €198,694 | +€22,543 | +12.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,150 | €195,694 | +€22,543 | +13.0% |
| Amounts payable | 17/49 | €8,120 | €2,315 | -€5,805 | -71.5% |
| Amounts payable within one year | 42/48 | €8,120 | €2,315 | -€5,805 | -71.5% |
| Trade debts | 44 | €35 | - | -€35 | |
| Suppliers | 440/4 | €35 | - | -€35 | |
| Taxes, remuneration and social security | 45 | €8,085 | €2,315 | -€5,770 | -71.4% |
| Taxes | 450/3 | €8,085 | €2,315 | -€5,770 | -71.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €84,396 | €105,542 | +€21,146 | +25.1% |
| Operating profit (loss) | 9901 | €84,008 | €105,142 | +€21,134 | +25.2% |
| Financial income | 75/76B | €1,390 | €720 | -€670 | -48.2% |
| Recurring financial income | 75 | €1,390 | €720 | -€670 | -48.2% |
| Financial charges | 65/66B | €136 | €54,270 | +€54,134 | +39,866% |
| Recurring financial charges | 65 | €136 | €54,270 | +€54,134 | +39,866% |
| Profit (loss) for the period before taxes | 9903 | €85,262 | €51,592 | -€33,671 | -39.5% |
| Income taxes | 67/77 | - | €11,304 | +€11,304 | |
| Profit (loss) for the period | 9904 | €85,262 | €40,287 | -€44,975 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,262 | €40,287 | -€44,975 | -52.7% |
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 20 October 2026 via checked.be.