Whiteforge: 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.
Whiteforge
Largest movements
- Cash +€134,637
up €134,637 (+21.8%), from €616,789 to €751,425
mainly Net result for the year (+€125,246) and Tax, wage and social debts (+€30,641)
- Receivables within one year +€19,803
up €19,803 (+34.2%), from €57,961 to €77,763
of which Trade receivables: +€27,139
- Tangible fixed assets -€10,558
down €10,558 (-32.2%), from €32,751 to €22,193
of which Furniture and vehicles: -€9,894
- Reserves +€100,000
up €100,000 (+23.0%), from €435,552 to €535,552
of which Distributable reserves: +€100,000
- Tax, wage and social debts +€30,641
up €30,641 (+237.6%), from €12,897 to €43,538
of which Taxes: +€30,641
- Other debts +€17,957
up €17,957 (+119.4%), from €15,041 to €32,998
- Profit (loss) carried forward +€10,246
up €10,246 (+5.1%), from €201,618 to €211,864
- Debts after one year -€10,145
no longer reported in 2024 (was €10,145)
- Gross operating margin +€65,469
up €65,469 (+52.9%), from €123,680 to €189,149
- Taxes +€18,905
up €18,905 (+61.3%), from €30,822 to €49,727
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 | €710,133 | €852,880 | +€142,747 | +20.1% |
| Fixed assets | 21/28 | €32,751 | €22,193 | -€10,558 | -32.2% |
| Tangible fixed assets | 22/27 | €32,751 | €22,193 | -€10,558 | -32.2% |
| Plant, machinery and equipment | 23 | €3,039 | €2,375 | -€665 | -21.9% |
| Furniture and vehicles | 24 | €29,712 | €19,819 | -€9,894 | -33.3% |
| Current assets | 29/58 | €677,381 | €830,686 | +€153,305 | +22.6% |
| Amounts receivable within one year | 40/41 | €57,961 | €77,763 | +€19,803 | +34.2% |
| Trade receivables | 40 | €48,777 | €75,917 | +€27,139 | +55.6% |
| Other amounts receivable | 41 | €9,183 | €1,846 | -€7,337 | -79.9% |
| Cash at bank and in hand | 54/58 | €616,789 | €751,425 | +€134,637 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,632 | €1,498 | -€1,134 | -43.1% |
| Total equity and liabilities | 10/49 | €710,133 | €852,880 | +€142,747 | +20.1% |
| Equity | 10/15 | €655,770 | €766,016 | +€110,246 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €435,552 | €535,552 | +€100,000 | +23.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €429,552 | €529,552 | +€100,000 | +23.3% |
| Profit (loss) carried forward | 14 | €201,618 | €211,864 | +€10,246 | +5.1% |
| Amounts payable | 17/49 | €54,363 | €86,864 | +€32,501 | +59.8% |
| Amounts payable after more than one year | 17 | €10,145 | - | -€10,145 | |
| Financial debts | 170/4 | €10,145 | - | -€10,145 | |
| Amounts payable within one year | 42/48 | €44,154 | €86,785 | +€42,631 | +96.6% |
| Current portion of amounts payable after more than one year | 42 | €9,967 | €10,145 | +€178 | +1.8% |
| Trade debts | 44 | €6,250 | €104 | -€6,146 | -98.3% |
| Suppliers | 440/4 | €6,250 | €104 | -€6,146 | -98.3% |
| Taxes, remuneration and social security | 45 | €12,897 | €43,538 | +€30,641 | +237.6% |
| Taxes | 450/3 | €5,397 | €36,038 | +€30,641 | +567.8% |
| Remuneration and social security | 454/9 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 47/48 | €15,041 | €32,998 | +€17,957 | +119.4% |
| Accrued charges and deferred income | 492/3 | €64 | €79 | +€15 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,445 | €12,333 | -€112 | -0.9% |
| Other operating charges | 640/8 | €1,083 | €947 | -€136 | -12.6% |
| Gross operating margin | 9900 | €123,680 | €189,149 | +€65,469 | +52.9% |
| Operating profit (loss) | 9901 | €110,152 | €175,868 | +€65,717 | +59.7% |
| Financial income | 75/76B | €607 | €1 | -€606 | -99.8% |
| Recurring financial income | 75 | €607 | €1 | -€606 | -99.8% |
| Financial charges | 65/66B | €962 | €896 | -€66 | -6.8% |
| Recurring financial charges | 65 | €962 | €896 | -€66 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €109,797 | €174,973 | +€65,176 | +59.4% |
| Income taxes | 67/77 | €30,822 | €49,727 | +€18,905 | +61.3% |
| Profit (loss) for the period | 9904 | €78,975 | €125,246 | +€46,271 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,975 | €125,246 | +€46,271 | +58.6% |
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 1 October 2026 via checked.be.