White Shark Management: what changed
What changed
White Shark Management
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€20,406
2024 · €31,092-€10,685
Equity
€40,375
2024 · €111,969-€71,594
Cash
€29,614
2024 · €24,085+€5,529
Balance sheet total
€132,192
2024 · €117,811+€14,381
Largest movements
Assets
- Cash +€5,529
up €5,529 (+23.0%), from €24,085 to €29,614
mainly Other debts (+€91,250) and Net result for the year (+€20,406)
- Financial fixed assets +€5,000
up €5,000 (+5.9%), from €85,000 to €90,000
- Receivables within one year +€3,222
new in 2025: €3,222
of which Other amounts receivable: +€2,932
Equity and liabilities
- Other debts +€91,250
new in 2025: €91,250
- Reserves -€71,000
down €71,000 (-67.0%), from €106,000 to €35,000
- Tax, wage and social debts -€5,842
no longer reported in 2025 (was €5,842)
Income statement
- Gross operating margin -€9,532
down €9,532 (-22.6%), from €42,098 to €32,566
- Taxes -€2,065
down €2,065 (-24.7%), from €8,361 to €6,296
- Depreciation -€722
down €722 (-35.3%), from €2,044 to €1,322
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,092
Gross operating margin
-€9,532
Depreciation
+€722
Other operating charges
-€20
Other operating items
-€3,949
Financial income
-€0
Financial charges
+€29
Taxes
+€2,065
Result 2025
€20,406
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€104,365
Investment
-€6,836
Financing
-€92,000
Cash 2024
€24,085
From operations (derived)
+€104,365
Net result for the year
+€20,406
Depreciation
+€1,322
Receivables within one year
-€3,222
Smaller working-capital items
-€53
Trade debts
+€503
Tax, wage and social debts
-€5,842
Other debts
+€91,250
Investment (derived)
-€6,836
Investment in fixed assets (net)
-€6,836
Financing
-€92,000
Contributions, distributions and other
-€92,000
Cash 2025
€29,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,811 | €132,192 | +€14,381 | +12.2% |
| Fixed assets | 21/28 | €93,082 | €98,595 | +€5,513 | +5.9% |
| Tangible fixed assets | 22/27 | €8,082 | €8,595 | +€513 | +6.4% |
| Furniture and vehicles | 24 | €8,082 | €8,595 | +€513 | +6.4% |
| Financial fixed assets | 28 | €85,000 | €90,000 | +€5,000 | +5.9% |
| Current assets | 29/58 | €24,729 | €33,597 | +€8,868 | +35.9% |
| Amounts receivable within one year | 40/41 | - | €3,222 | +€3,222 | |
| Trade receivables | 40 | - | €289 | +€289 | |
| Other amounts receivable | 41 | - | €2,932 | +€2,932 | |
| Cash at bank and in hand | 54/58 | €24,085 | €29,614 | +€5,529 | +23.0% |
| Deferred charges and accrued income | 490/1 | €645 | €762 | +€117 | +18.2% |
| Total equity and liabilities | 10/49 | €117,811 | €132,192 | +€14,381 | +12.2% |
| Equity | 10/15 | €111,969 | €40,375 | -€71,594 | -63.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €106,000 | €35,000 | -€71,000 | -67.0% |
| Distributable reserves | 133 | €106,000 | €35,000 | -€71,000 | -67.0% |
| Profit (loss) carried forward | 14 | €969 | €375 | -€594 | -61.3% |
| Amounts payable | 17/49 | €5,842 | €91,817 | +€85,975 | +1,472% |
| Amounts payable within one year | 42/48 | €5,842 | €91,753 | +€85,911 | +1,471% |
| Trade debts | 44 | - | €503 | +€503 | |
| Suppliers | 440/4 | - | €503 | +€503 | |
| Taxes, remuneration and social security | 45 | €5,842 | - | -€5,842 | |
| Taxes | 450/3 | €5,842 | - | -€5,842 | |
| Other amounts payable | 47/48 | - | €91,250 | +€91,250 | |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €1,322 | -€722 | -35.3% |
| Other operating charges | 640/8 | €503 | €523 | +€20 | +3.9% |
| Non-recurring operating charges | 66A | - | €3,949 | +€3,949 | |
| Gross operating margin | 9900 | €42,098 | €32,566 | -€9,532 | -22.6% |
| Operating profit (loss) | 9901 | €39,551 | €26,771 | -€12,779 | -32.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €99 | €69 | -€29 | -29.6% |
| Recurring financial charges | 65 | €99 | €69 | -€29 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €39,452 | €26,702 | -€12,750 | -32.3% |
| Income taxes | 67/77 | €8,361 | €6,296 | -€2,065 | -24.7% |
| Profit (loss) for the period | 9904 | €31,092 | €20,406 | -€10,685 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,092 | €20,406 | -€10,685 | -34.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.