White Room: 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 Room
Largest movements
- Cash +€15,875
up €15,875 (+434%), from €3,657 to €19,531
mainly Net result for the year (+€21,237) and Depreciation (+€8,331)
- Receivables within one year +€5,559
up €5,559 (+60.9%), from €9,133 to €14,692
of which Trade receivables: +€4,740
- Tangible fixed assets -€1,126
down €1,126 (-6.2%), from €18,092 to €16,966
of which Plant, machinery and equipment: -€2,568
- Deferred charges and accrued income +€871
up €871 (+60.6%), from €1,438 to €2,309
- Profit (loss) carried forward +€21,237
up €21,237 (+978%), from €2,172 to €23,408
- Trade debts -€5,953
down €5,953 (-100%), from €5,953 to €0
- Tax, wage and social debts +€5,594
up €5,594 (+108%), from €5,174 to €10,767
of which Taxes: +€3,594
- Other debts +€4,229
up €4,229 (+52.6%), from €8,042 to €12,271
- Debts after one year -€2,692
down €2,692 (-100%), from €2,692 to €0
- Gross operating margin +€25,991
up €25,991 (+150%), from €17,345 to €43,336
- Taxes +€5,658
up €5,658 (+224%), from €2,522 to €8,180
- Depreciation -€921
down €921 (-10.0%), from €9,253 to €8,331
- Other operating charges +€715
up €715 (+23.9%), from €2,996 to €3,711
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 | €36,020 | €57,198 | +€21,178 | +58.8% |
| Fixed assets | 21/28 | €21,792 | €20,666 | -€1,126 | -5.2% |
| Tangible fixed assets | 22/27 | €18,092 | €16,966 | -€1,126 | -6.2% |
| Plant, machinery and equipment | 23 | €10,096 | €7,528 | -€2,568 | -25.4% |
| Furniture and vehicles | 24 | €7,996 | €9,438 | +€1,442 | +18.0% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €14,228 | €36,532 | +€22,305 | +157% |
| Amounts receivable within one year | 40/41 | €9,133 | €14,692 | +€5,559 | +60.9% |
| Trade receivables | 40 | €6,655 | €11,395 | +€4,740 | +71.2% |
| Other amounts receivable | 41 | €2,478 | €3,298 | +€820 | +33.1% |
| Cash at bank and in hand | 54/58 | €3,657 | €19,531 | +€15,875 | +434% |
| Deferred charges and accrued income | 490/1 | €1,438 | €2,309 | +€871 | +60.6% |
| Total equity and liabilities | 10/49 | €36,020 | €57,198 | +€21,178 | +58.8% |
| Equity | 10/15 | €10,232 | €31,468 | +€21,237 | +208% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,172 | €23,408 | +€21,237 | +978% |
| Amounts payable | 17/49 | €25,789 | €25,730 | -€58 | -0.2% |
| Amounts payable after more than one year | 17 | €2,692 | €0 | -€2,692 | -100% |
| Financial debts | 170/4 | €2,692 | €0 | -€2,692 | -100% |
| Amounts payable within one year | 42/48 | €23,097 | €25,730 | +€2,633 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €3,929 | €2,692 | -€1,237 | -31.5% |
| Trade debts | 44 | €5,953 | €0 | -€5,953 | -100% |
| Suppliers | 440/4 | €5,953 | €0 | -€5,953 | -100% |
| Taxes, remuneration and social security | 45 | €5,174 | €10,767 | +€5,594 | +108% |
| Taxes | 450/3 | €5,174 | €8,767 | +€3,594 | +69.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,042 | €12,271 | +€4,229 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,253 | €8,331 | -€921 | -10.0% |
| Other operating charges | 640/8 | €2,996 | €3,711 | +€715 | +23.9% |
| Gross operating margin | 9900 | €17,345 | €43,336 | +€25,991 | +150% |
| Operating profit (loss) | 9901 | €5,096 | €31,294 | +€26,198 | +514% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,708 | €1,877 | +€169 | +9.9% |
| Recurring financial charges | 65 | €1,708 | €1,877 | +€169 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €3,389 | €29,417 | +€26,028 | +768% |
| Income taxes | 67/77 | €2,522 | €8,180 | +€5,658 | +224% |
| Profit (loss) for the period | 9904 | €867 | €21,237 | +€20,370 | +2,351% |
| Profit (loss) for the period to be appropriated | 9905 | €867 | €21,237 | +€20,370 | +2,351% |
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 24 October 2026 via checked.be.