WHITEB: 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.
WHITEB
Largest movements
- Stocks and contracts +€12,524
new in 2025: €12,524
- Receivables within one year +€11,757
up €11,757 (+36.1%), from €32,592 to €44,349
of which Trade receivables: +€12,490
- Intangible fixed assets +€2,052
up €2,052 (+15.9%), from €12,946 to €14,998
- Profit (loss) carried forward +€36,135
up €36,135, from -€22,758 to €13,377
- Trade debts -€11,243
down €11,243 (-29.6%), from €37,988 to €26,745
- Reserves +€10,000
up €10,000 (+537.6%), from €1,860 to €11,860
of which Distributable reserves: +€10,000
- Debts after one year -€6,144
down €6,144 (-48.9%), from €12,573 to €6,429
- Short-term financial debts -€4,657
down €4,657 (-100.0%), from €4,657 to €0
- Gross operating margin +€49,990
up €49,990 (+109.7%), from €45,562 to €95,552
- Staff costs -€20,902
down €20,902 (-43.8%), from €47,744 to €26,841
- Taxes +€5,814
up €5,814 (+2869.4%), from €203 to €6,016
- Depreciation -€4,588
down €4,588 (-27.8%), from €16,505 to €11,917
- Other operating charges +€2,111
up €2,111 (+184.9%), from €1,142 to €3,253
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 | €70,092 | €96,516 | +€26,424 | +37.7% |
| Fixed assets | 21/28 | €33,828 | €36,374 | +€2,545 | +7.5% |
| Intangible fixed assets | 21 | €12,946 | €14,998 | +€2,052 | +15.9% |
| Tangible fixed assets | 22/27 | €20,883 | €21,376 | +€493 | +2.4% |
| Plant, machinery and equipment | 23 | €20,380 | €18,318 | -€2,062 | -10.1% |
| Furniture and vehicles | 24 | €71 | €2,843 | +€2,772 | +3904.7% |
| Other tangible fixed assets | 26 | €432 | €215 | -€216 | -50.1% |
| Current assets | 29/58 | €36,264 | €60,142 | +€23,878 | +65.8% |
| Stocks and contracts in progress | 3 | - | €12,524 | +€12,524 | |
| Stocks | 30/36 | - | €12,524 | +€12,524 | |
| Amounts receivable within one year | 40/41 | €32,592 | €44,349 | +€11,757 | +36.1% |
| Trade receivables | 40 | €29,197 | €41,686 | +€12,490 | +42.8% |
| Other amounts receivable | 41 | €3,395 | €2,662 | -€733 | -21.6% |
| Cash at bank and in hand | 54/58 | €3,225 | €2,510 | -€715 | -22.2% |
| Deferred charges and accrued income | 490/1 | €447 | €759 | +€312 | +69.9% |
| Total equity and liabilities | 10/49 | €70,092 | €96,516 | +€26,424 | +37.7% |
| Equity | 10/15 | -€8,498 | €37,637 | +€46,135 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,860 | +€10,000 | +537.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €11,860 | +€10,000 | +537.6% |
| Profit (loss) carried forward | 14 | -€22,758 | €13,377 | +€36,135 | |
| Amounts payable | 17/49 | €78,590 | €58,880 | -€19,711 | -25.1% |
| Amounts payable after more than one year | 17 | €12,573 | €6,429 | -€6,144 | -48.9% |
| Financial debts | 170/4 | €12,573 | €6,429 | -€6,144 | -48.9% |
| Amounts payable within one year | 42/48 | €65,227 | €52,001 | -€13,226 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €8,653 | €9,006 | +€353 | +4.1% |
| Financial debts | 43 | €4,657 | €0 | -€4,657 | -100.0% |
| Credit institutions | 430/8 | €4,657 | €0 | -€4,657 | -100.0% |
| Trade debts | 44 | €37,988 | €26,745 | -€11,243 | -29.6% |
| Suppliers | 440/4 | €37,988 | €26,745 | -€11,243 | -29.6% |
| Taxes, remuneration and social security | 45 | €13,928 | €16,249 | +€2,321 | +16.7% |
| Taxes | 450/3 | €3,180 | €10,628 | +€7,448 | +234.2% |
| Remuneration and social security | 454/9 | €10,748 | €5,621 | -€5,127 | -47.7% |
| Accrued charges and deferred income | 492/3 | €790 | €450 | -€340 | -43.0% |
| Non-recurring operating income | 76A | €1,273 | €484 | -€789 | -62.0% |
| Remuneration, social security and pensions | 62 | €47,744 | €26,841 | -€20,902 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,505 | €11,917 | -€4,588 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,142 | €3,253 | +€2,111 | +184.9% |
| Gross operating margin | 9900 | €45,562 | €95,552 | +€49,990 | +109.7% |
| Operating profit (loss) | 9901 | -€19,829 | €53,541 | +€73,370 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,467 | €1,390 | -€77 | -5.3% |
| Recurring financial charges | 65 | €1,467 | €1,390 | -€77 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,296 | €52,151 | +€73,447 | |
| Income taxes | 67/77 | €203 | €6,016 | +€5,814 | +2869.4% |
| Profit (loss) for the period | 9904 | -€21,498 | €46,135 | +€67,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,498 | €46,135 | +€67,633 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.