White Surface: 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 Surface
Largest movements
- Cash -€27,947
down €27,947 (-25.5%), from €109,640 to €81,693
mainly Receivables within one year (-€21,422) and Net result for the year (-€12,872)
- Receivables within one year +€21,422
up €21,422 (+82.8%), from €25,881 to €47,303
of which Trade receivables: +€16,417
- Tangible fixed assets -€20,071
down €20,071 (-33.1%), from €60,623 to €40,552
of which Leasing and similar rights: -€11,013
- Current investments +€4,000
new in 2025: €4,000
- Stocks and contracts +€2,860
up €2,860 (+30.5%), from €9,378 to €12,238
of which Stocks: +€2,860
- Debts after one year -€12,525
down €12,525 (-24.9%), from €50,282 to €37,757
- Profit (loss) carried forward -€6,975
down €6,975, from €0 to -€6,975
- Reserves -€5,897
down €5,897 (-5.5%), from €106,864 to €100,968
of which Distributable reserves: -€5,897
- Tax, wage and social debts +€4,877
up €4,877 (+300.0%), from €1,626 to €6,502
of which Remuneration and social security: +€4,875
- Other debts -€3,671
down €3,671 (-96.1%), from €3,822 to €151
- Gross operating margin -€17,707
down €17,707 (-45.6%), from €38,860 to €21,153
- Depreciation -€7,904
down €7,904 (-40.2%), from €19,659 to €11,755
- Financial charges +€2,171
up €2,171 (+70.2%), from €3,092 to €5,263
- Taxes -€1,541
down €1,541 (-92.2%), from €1,672 to €131
- Financial income -€1,240
down €1,240 (-90.5%), from €1,371 to €131
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.
Cash bridge derived
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 | €212,503 | €191,632 | -€20,871 | -9.8% |
| Fixed assets | 21/28 | €60,623 | €40,552 | -€20,071 | -33.1% |
| Tangible fixed assets | 22/27 | €60,623 | €40,552 | -€20,071 | -33.1% |
| Land and buildings | 22 | €44,487 | €35,306 | -€9,181 | -20.6% |
| Plant, machinery and equipment | 23 | €2,641 | €3,396 | +€755 | +28.6% |
| Furniture and vehicles | 24 | €2,482 | €1,849 | -€632 | -25.5% |
| Leasing and similar rights | 25 | €11,013 | €0 | -€11,013 | -100.0% |
| Current assets | 29/58 | €151,880 | €151,080 | -€800 | -0.5% |
| Stocks and contracts in progress | 3 | €9,378 | €12,238 | +€2,860 | +30.5% |
| Stocks | 30/36 | €9,378 | €12,238 | +€2,860 | +30.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,881 | €47,303 | +€21,422 | +82.8% |
| Trade receivables | 40 | €17,524 | €33,940 | +€16,417 | +93.7% |
| Other amounts receivable | 41 | €8,357 | €13,362 | +€5,005 | +59.9% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €109,640 | €81,693 | -€27,947 | -25.5% |
| Deferred charges and accrued income | 490/1 | €6,982 | €5,847 | -€1,134 | -16.2% |
| Total equity and liabilities | 10/49 | €212,503 | €191,632 | -€20,871 | -9.8% |
| Equity | 10/15 | €113,064 | €100,192 | -€12,872 | -11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,864 | €100,968 | -€5,897 | -5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €106,864 | €100,968 | -€5,897 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | -€6,975 | -€6,975 | |
| Amounts payable | 17/49 | €99,439 | €91,439 | -€7,999 | -8.0% |
| Amounts payable after more than one year | 17 | €50,282 | €37,757 | -€12,525 | -24.9% |
| Financial debts | 170/4 | €50,282 | €37,757 | -€12,525 | -24.9% |
| Amounts payable within one year | 42/48 | €49,157 | €53,683 | +€4,526 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €15,054 | €12,525 | -€2,529 | -16.8% |
| Financial debts | 43 | €3,393 | €5,880 | +€2,487 | +73.3% |
| Credit institutions | 430/8 | €3,393 | €5,880 | +€2,487 | +73.3% |
| Trade debts | 44 | €25,262 | €28,625 | +€3,363 | +13.3% |
| Suppliers | 440/4 | €25,262 | €28,625 | +€3,363 | +13.3% |
| Taxes, remuneration and social security | 45 | €1,626 | €6,502 | +€4,877 | +300.0% |
| Taxes | 450/3 | €1 | €2 | +€2 | +242.6% |
| Remuneration and social security | 454/9 | €1,625 | €6,500 | +€4,875 | +300.0% |
| Other amounts payable | 47/48 | €3,822 | €151 | -€3,671 | -96.1% |
| Non-recurring operating income | 76A | - | €4,870 | +€4,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,659 | €11,755 | -€7,904 | -40.2% |
| Other operating charges | 640/8 | €6,589 | €5,993 | -€596 | -9.0% |
| Non-recurring operating charges | 66A | €11,442 | €11,013 | -€428 | -3.7% |
| Gross operating margin | 9900 | €38,860 | €21,153 | -€17,707 | -45.6% |
| Operating profit (loss) | 9901 | €1,169 | -€7,609 | -€8,778 | |
| Financial income | 75/76B | €1,371 | €131 | -€1,240 | -90.5% |
| Recurring financial income | 75 | €1,371 | €131 | -€1,240 | -90.5% |
| Financial charges | 65/66B | €3,092 | €5,263 | +€2,171 | +70.2% |
| Recurring financial charges | 65 | €3,092 | €5,263 | +€2,171 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | -€552 | -€12,741 | -€12,189 | -2206.5% |
| Income taxes | 67/77 | €1,672 | €131 | -€1,541 | -92.2% |
| Profit (loss) for the period | 9904 | -€2,225 | -€12,872 | -€10,647 | -478.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,225 | -€12,872 | -€10,647 | -478.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.