White Rabbit Consultancy: 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 Rabbit Consultancy
Largest movements
- Tangible fixed assets +€281,160
up €281,160 (+1,954%), from €14,390 to €295,550
of which Land and buildings: +€278,194
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Receivables within one year -€39,121
down €39,121 (-35.3%), from €110,969 to €71,848
of which Other amounts receivable: -€39,019
- Debts after one year +€264,911
new in 2025: €264,911
- Reserves -€183,143
down €183,143 (-100%), from €183,143 to €0
- Other debts +€62,336
new in 2025: €62,336
- Current portion of long-term debt +€22,782
new in 2025: €22,782
- Depreciation +€7,773
up €7,773 (+249%), from €3,124 to €10,897
- Gross operating margin -€7,555
down €7,555 (-7.6%), from €99,997 to €92,441
- Financial charges +€5,608
up €5,608 (+2,053%), from €273 to €5,881
- Taxes -€5,233
down €5,233 (-23.7%), from €22,107 to €16,875
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 | €220,728 | €389,293 | +€168,565 | +76.4% |
| Fixed assets | 21/28 | €14,569 | €295,729 | +€281,160 | +1,930% |
| Tangible fixed assets | 22/27 | €14,390 | €295,550 | +€281,160 | +1,954% |
| Land and buildings | 22 | - | €278,194 | +€278,194 | |
| Furniture and vehicles | 24 | €7,440 | €4,923 | -€2,517 | -33.8% |
| Other tangible fixed assets | 26 | €6,950 | €12,433 | +€5,483 | +78.9% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €206,158 | €93,564 | -€112,595 | -54.6% |
| Amounts receivable within one year | 40/41 | €110,969 | €71,848 | -€39,121 | -35.3% |
| Trade receivables | 40 | €23,224 | €23,122 | -€102 | -0.4% |
| Other amounts receivable | 41 | €87,745 | €48,726 | -€39,019 | -44.5% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €19,928 | €17,866 | -€2,062 | -10.3% |
| Deferred charges and accrued income | 490/1 | €5,261 | €3,850 | -€1,412 | -26.8% |
| Total equity and liabilities | 10/49 | €220,728 | €389,293 | +€168,565 | +76.4% |
| Equity | 10/15 | €188,143 | €5,000 | -€183,143 | -97.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €183,143 | €0 | -€183,143 | -100% |
| Distributable reserves | 133 | €183,143 | €0 | -€183,143 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,585 | €384,293 | +€351,708 | +1,079% |
| Amounts payable after more than one year | 17 | - | €264,911 | +€264,911 | |
| Financial debts | 170/4 | - | €264,911 | +€264,911 | |
| Amounts payable within one year | 42/48 | €32,585 | €119,382 | +€86,797 | +266% |
| Current portion of amounts payable after more than one year | 42 | - | €22,782 | +€22,782 | |
| Financial debts | 43 | €2,476 | €1,949 | -€527 | -21.3% |
| Credit institutions | 430/8 | €2,476 | €1,949 | -€527 | -21.3% |
| Trade debts | 44 | €1,707 | €752 | -€955 | -55.9% |
| Suppliers | 440/4 | €1,707 | €752 | -€955 | -55.9% |
| Taxes, remuneration and social security | 45 | €28,402 | €31,563 | +€3,161 | +11.1% |
| Taxes | 450/3 | €28,402 | €31,563 | +€3,161 | +11.1% |
| Other amounts payable | 47/48 | - | €62,336 | +€62,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,124 | €10,897 | +€7,773 | +249% |
| Other operating charges | 640/8 | €118 | €1,008 | +€890 | +754% |
| Gross operating margin | 9900 | €99,997 | €92,441 | -€7,555 | -7.6% |
| Operating profit (loss) | 9901 | €96,754 | €80,537 | -€16,218 | -16.8% |
| Financial income | 75/76B | €5,210 | €4,555 | -€656 | -12.6% |
| Recurring financial income | 75 | €5,210 | €4,555 | -€656 | -12.6% |
| Financial charges | 65/66B | €273 | €5,881 | +€5,608 | +2,053% |
| Recurring financial charges | 65 | €273 | €5,881 | +€5,608 | +2,053% |
| Profit (loss) for the period before taxes | 9903 | €101,691 | €79,210 | -€22,481 | -22.1% |
| Income taxes | 67/77 | €22,107 | €16,875 | -€5,233 | -23.7% |
| Profit (loss) for the period | 9904 | €79,584 | €62,336 | -€17,249 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,584 | €62,336 | -€17,249 | -21.7% |
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 18 October 2026 via checked.be.