WHITEGLOVES: 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.
WHITEGLOVES
Largest movements
- Tangible fixed assets +€24,286
up €24,286 (+146.4%), from €16,586 to €40,872
of which Furniture and vehicles: +€26,176
- Cash +€7,814
up €7,814 (+43.6%), from €17,941 to €25,755
mainly Net result for the year (+€14,922) and Current portion of long-term debt (+€12,939)
- Receivables within one year -€5,351
down €5,351 (-19.0%), from €28,106 to €22,755
of which Other amounts receivable: -€6,090
- Reserves +€14,922
up €14,922 (+48.3%), from €30,895 to €45,817
- Current portion of long-term debt +€12,939
new in 2025: €12,939
- Other debts -€2,682
down €2,682 (-21.5%), from €12,449 to €9,767
- Tax, wage and social debts +€2,567
up €2,567 (+22.3%), from €11,535 to €14,102
of which Taxes: +€9,587
- Trade debts -€1,895
down €1,895 (-27.7%), from €6,832 to €4,936
- Gross operating margin +€21,635
up €21,635 (+241.7%), from €8,950 to €30,586
- Depreciation +€6,927
up €6,927 (+203.6%), from €3,402 to €10,328
- Taxes +€5,523
up €5,523 (+943.2%), from €586 to €6,109
- Financial income +€4,447
up €4,447 (+1710.2%), from €260 to €4,707
of which Non-recurring financial income: +€2,607
- Financial charges +€1,076
up €1,076 (+72.3%), from €1,489 to €2,565
of which Non-recurring financial charges: +€553
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,910 | €93,762 | +€25,851 | +38.1% |
| Fixed assets | 21/28 | €16,586 | €40,872 | +€24,286 | +146.4% |
| Tangible fixed assets | 22/27 | €16,586 | €40,872 | +€24,286 | +146.4% |
| Land and buildings | 22 | €6,315 | €4,859 | -€1,456 | -23.1% |
| Furniture and vehicles | 24 | €5,778 | €31,954 | +€26,176 | +453.0% |
| Other tangible fixed assets | 26 | €4,492 | €4,058 | -€434 | -9.7% |
| Current assets | 29/58 | €51,325 | €52,890 | +€1,565 | +3.0% |
| Amounts receivable within one year | 40/41 | €28,106 | €22,755 | -€5,351 | -19.0% |
| Trade receivables | 40 | €19,070 | €19,809 | +€739 | +3.9% |
| Other amounts receivable | 41 | €9,036 | €2,946 | -€6,090 | -67.4% |
| Cash at bank and in hand | 54/58 | €17,941 | €25,755 | +€7,814 | +43.6% |
| Deferred charges and accrued income | 490/1 | €5,278 | €4,380 | -€898 | -17.0% |
| Total equity and liabilities | 10/49 | €67,910 | €93,762 | +€25,851 | +38.1% |
| Equity | 10/15 | €37,095 | €52,017 | +€14,922 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,895 | €45,817 | +€14,922 | +48.3% |
| Distributable reserves | 133 | €30,895 | €45,817 | +€14,922 | +48.3% |
| Amounts payable | 17/49 | €30,816 | €41,745 | +€10,929 | +35.5% |
| Amounts payable within one year | 42/48 | €30,816 | €41,745 | +€10,929 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,939 | +€12,939 | |
| Trade debts | 44 | €6,832 | €4,936 | -€1,895 | -27.7% |
| Suppliers | 440/4 | €6,832 | €4,936 | -€1,895 | -27.7% |
| Taxes, remuneration and social security | 45 | €11,535 | €14,102 | +€2,567 | +22.3% |
| Taxes | 450/3 | €4,515 | €14,102 | +€9,587 | +212.3% |
| Remuneration and social security | 454/9 | €7,020 | - | -€7,020 | |
| Other amounts payable | 47/48 | €12,449 | €9,767 | -€2,682 | -21.5% |
| Non-recurring operating income | 76A | €1 | €677 | +€676 | +73477.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €10,328 | +€6,927 | +203.6% |
| Other operating charges | 640/8 | €739 | €837 | +€98 | +13.3% |
| Non-recurring operating charges | 66A | €232 | €531 | +€299 | +129.0% |
| Gross operating margin | 9900 | €8,950 | €30,586 | +€21,635 | +241.7% |
| Operating profit (loss) | 9901 | €4,578 | €18,890 | +€14,312 | +312.6% |
| Financial income | 75/76B | €260 | €4,707 | +€4,447 | +1710.2% |
| Recurring financial income | 75 | €25 | €1,865 | +€1,839 | +7299.2% |
| Non-recurring financial income | 76B | €235 | €2,842 | +€2,607 | +1110.4% |
| Financial charges | 65/66B | €1,489 | €2,565 | +€1,076 | +72.3% |
| Recurring financial charges | 65 | €1,483 | €2,006 | +€523 | +35.3% |
| Non-recurring financial charges | 66B | €6 | €560 | +€553 | +8521.7% |
| Profit (loss) for the period before taxes | 9903 | €3,349 | €21,031 | +€17,682 | +528.0% |
| Income taxes | 67/77 | €586 | €6,109 | +€5,523 | +943.2% |
| Profit (loss) for the period | 9904 | €2,764 | €14,922 | +€12,159 | +440.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,764 | €14,922 | +€12,159 | +440.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.