White Style: 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 Style
Largest movements
- Tangible fixed assets -€19,651
down €19,651 (-23.4%), from €83,826 to €64,175
of which Furniture and vehicles: -€17,471
- Cash +€11,336
up €11,336 (+22.0%), from €51,474 to €62,810
mainly Depreciation (+€22,161) and Net result for the year (+€13,827)
- Receivables within one year -€10,581
down €10,581 (-24.6%), from €42,980 to €32,400
of which Other amounts receivable: -€7,072
- Other debts -€18,445
down €18,445 (-14.7%), from €125,105 to €106,660
- Reserves +€13,827
up €13,827 (+51.6%), from €26,770 to €40,597
- Tax, wage and social debts -€8,788
down €8,788 (-44.3%), from €19,852 to €11,064
- Trade debts -€3,938
down €3,938 (-92.7%), from €4,246 to €308
- Gross operating margin +€5,991
up €5,991 (+16.4%), from €36,535 to €42,525
- Depreciation +€797
up €797 (+3.7%), from €21,364 to €22,161
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,982 | €161,162 | -€18,820 | -10.5% |
| Fixed assets | 21/28 | €83,826 | €64,175 | -€19,651 | -23.4% |
| Tangible fixed assets | 22/27 | €83,826 | €64,175 | -€19,651 | -23.4% |
| Plant, machinery and equipment | 23 | €22,286 | €22,034 | -€252 | -1.1% |
| Furniture and vehicles | 24 | €47,416 | €29,945 | -€17,471 | -36.8% |
| Other tangible fixed assets | 26 | €14,124 | €12,196 | -€1,928 | -13.7% |
| Current assets | 29/58 | €96,156 | €96,987 | +€832 | +0.9% |
| Amounts receivable within one year | 40/41 | €42,980 | €32,400 | -€10,581 | -24.6% |
| Trade receivables | 40 | €34,305 | €30,796 | -€3,509 | -10.2% |
| Other amounts receivable | 41 | €8,676 | €1,604 | -€7,072 | -81.5% |
| Cash at bank and in hand | 54/58 | €51,474 | €62,810 | +€11,336 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,702 | €1,777 | +€76 | +4.4% |
| Total equity and liabilities | 10/49 | €179,982 | €161,162 | -€18,820 | -10.5% |
| Equity | 10/15 | €29,270 | €43,097 | +€13,827 | +47.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,770 | €40,597 | +€13,827 | +51.6% |
| Distributable reserves | 133 | €26,770 | €40,597 | +€13,827 | +51.6% |
| Amounts payable | 17/49 | €150,712 | €118,065 | -€32,646 | -21.7% |
| Amounts payable within one year | 42/48 | €150,712 | €118,065 | -€32,646 | -21.7% |
| Financial debts | 43 | €1,509 | €33 | -€1,476 | -97.8% |
| Credit institutions | 430/8 | €1,509 | €33 | -€1,476 | -97.8% |
| Trade debts | 44 | €4,246 | €308 | -€3,938 | -92.7% |
| Suppliers | 440/4 | €4,246 | €308 | -€3,938 | -92.7% |
| Taxes, remuneration and social security | 45 | €19,852 | €11,064 | -€8,788 | -44.3% |
| Taxes | 450/3 | €19,852 | €11,064 | -€8,788 | -44.3% |
| Other amounts payable | 47/48 | €125,105 | €106,660 | -€18,445 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,364 | €22,161 | +€797 | +3.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €36,535 | €42,525 | +€5,991 | +16.4% |
| Operating profit (loss) | 9901 | €14,786 | €19,977 | +€5,191 | +35.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €65 | €128 | +€63 | +96.4% |
| Recurring financial charges | 65 | €65 | €128 | +€63 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €14,721 | €19,849 | +€5,128 | +34.8% |
| Income taxes | 67/77 | €6,041 | €6,023 | -€18 | -0.3% |
| Profit (loss) for the period | 9904 | €8,680 | €13,827 | +€5,147 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,680 | €13,827 | +€5,147 | +59.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.