White Walls: 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 Walls
Largest movements
- Cash +€18,007
up €18,007 (+2,081%), from €865 to €18,872
mainly Advances received (+€11,525) and Depreciation (+€4,860)
- Tangible fixed assets +€5,192
up €5,192 (+69.5%), from €7,471 to €12,664
- Receivables within one year -€1,981
down €1,981 (-12.2%), from €16,267 to €14,286
of which Other amounts receivable: -€1,342
- Stocks and contracts -€1,820
down €1,820 (-14.9%), from €12,197 to €10,377
- Advances received +€11,525
new in 2024: €11,525
- Trade debts +€3,246
up €3,246 (+34.8%), from €9,317 to €12,563
- Debts after one year +€2,513
up €2,513 (+191%), from €1,314 to €3,827
- Reserves +€1,046
up €1,046 (+10.4%), from €10,046 to €11,092
- Current portion of long-term debt +€845
up €845 (+22.1%), from €3,823 to €4,668
- Gross operating margin -€8,448
down €8,448 (-50.2%), from €16,819 to €8,371
- Taxes -€2,774
down €2,774 (-89.2%), from €3,112 to €337
- Depreciation +€1,700
up €1,700 (+53.8%), from €3,161 to €4,860
- Financial charges +€1,293
up €1,293 (+165%), from €781 to €2,074
- Other operating charges +€203
up €203 (+59.4%), from €342 to €545
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.
Derived cash bridge
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 | €37,612 | €57,125 | +€19,513 | +51.9% |
| Fixed assets | 21/28 | €7,471 | €12,664 | +€5,192 | +69.5% |
| Tangible fixed assets | 22/27 | €7,471 | €12,664 | +€5,192 | +69.5% |
| Plant, machinery and equipment | 23 | €7,471 | €12,664 | +€5,192 | +69.5% |
| Current assets | 29/58 | €30,141 | €44,461 | +€14,320 | +47.5% |
| Stocks and contracts in progress | 3 | €12,197 | €10,377 | -€1,820 | -14.9% |
| Stocks | 30/36 | €12,197 | €10,377 | -€1,820 | -14.9% |
| Amounts receivable within one year | 40/41 | €16,267 | €14,286 | -€1,981 | -12.2% |
| Trade receivables | 40 | €6,650 | €6,012 | -€639 | -9.6% |
| Other amounts receivable | 41 | €9,617 | €8,274 | -€1,342 | -14.0% |
| Cash at bank and in hand | 54/58 | €865 | €18,872 | +€18,007 | +2,081% |
| Deferred charges and accrued income | 490/1 | €812 | €926 | +€115 | +14.1% |
| Total equity and liabilities | 10/49 | €37,612 | €57,125 | +€19,513 | +51.9% |
| Equity | 10/15 | €20,046 | €21,092 | +€1,046 | +5.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,046 | €11,092 | +€1,046 | +10.4% |
| Distributable reserves | 133 | €10,046 | €11,092 | +€1,046 | +10.4% |
| Amounts payable | 17/49 | €17,566 | €36,033 | +€18,467 | +105% |
| Amounts payable after more than one year | 17 | €1,314 | €3,827 | +€2,513 | +191% |
| Financial debts | 170/4 | €1,314 | €3,827 | +€2,513 | +191% |
| Amounts payable within one year | 42/48 | €16,252 | €32,206 | +€15,954 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | €3,823 | €4,668 | +€845 | +22.1% |
| Trade debts | 44 | €9,317 | €12,563 | +€3,246 | +34.8% |
| Suppliers | 440/4 | €9,317 | €12,563 | +€3,246 | +34.8% |
| Advances received on contracts in progress | 46 | - | €11,525 | +€11,525 | |
| Taxes, remuneration and social security | 45 | €3,112 | €3,449 | +€337 | +10.8% |
| Taxes | 450/3 | €3,112 | €3,449 | +€337 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €4,860 | +€1,700 | +53.8% |
| Other operating charges | 640/8 | €342 | €545 | +€203 | +59.4% |
| Gross operating margin | 9900 | €16,819 | €8,371 | -€8,448 | -50.2% |
| Operating profit (loss) | 9901 | €13,316 | €2,965 | -€10,351 | -77.7% |
| Financial income | 75/76B | €623 | €492 | -€131 | -21.0% |
| Recurring financial income | 75 | €623 | €492 | -€131 | -21.0% |
| Financial charges | 65/66B | €781 | €2,074 | +€1,293 | +165% |
| Recurring financial charges | 65 | €781 | €2,074 | +€1,293 | +165% |
| Profit (loss) for the period before taxes | 9903 | €13,158 | €1,383 | -€11,774 | -89.5% |
| Income taxes | 67/77 | €3,112 | €337 | -€2,774 | -89.2% |
| Profit (loss) for the period | 9904 | €10,046 | €1,046 | -€9,000 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,046 | €1,046 | -€9,000 | -89.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.