WHITEHOUSE: 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.
WHITEHOUSE
Largest movements
- Deferred charges and accrued income +€270,139
up €270,139 (+649%), from €41,639 to €311,778
- Cash -€160,378
down €160,378 (-95.2%), from €168,379 to €8,001
mainly Deferred charges and accrued income (-€270,139) and Current portion of long-term debt (-€74,950)
- Stocks and contracts -€75,623
down €75,623 (-5.3%), from €1.4m to €1.3m
- Receivables within one year -€29,000
no longer reported in 2025 (was €29,000)
- Current portion of long-term debt -€74,950
down €74,950 (-7.3%), from €1.0m to €953,863
- Trade debts +€43,564
up €43,564 (+231%), from €18,822 to €62,386
- Financial charges +€49,821
up €49,821 (+225%), from €22,124 to €71,945
- Gross operating margin +€47,873
up €47,873 (+97.4%), from €49,159 to €97,032
- Other operating charges -€2,711
down €2,711 (-45.9%), from €5,907 to €3,196
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.
Derived cash bridge
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 | €2,356,476 | €2,361,614 | +€5,139 | +0.2% |
| Fixed assets | 21/28 | €702,455 | €702,455 | = | 0.0% |
| Financial fixed assets | 28 | €702,455 | €702,455 | = | 0.0% |
| Current assets | 29/58 | €1,654,021 | €1,659,160 | +€5,139 | +0.3% |
| Stocks and contracts in progress | 3 | €1,415,004 | €1,339,381 | -€75,623 | -5.3% |
| Stocks | 30/36 | €1,415,004 | €1,339,381 | -€75,623 | -5.3% |
| Amounts receivable within one year | 40/41 | €29,000 | - | -€29,000 | |
| Trade receivables | 40 | €29,000 | - | -€29,000 | |
| Cash at bank and in hand | 54/58 | €168,379 | €8,001 | -€160,378 | -95.2% |
| Deferred charges and accrued income | 490/1 | €41,639 | €311,778 | +€270,139 | +649% |
| Total equity and liabilities | 10/49 | €2,356,476 | €2,361,614 | +€5,139 | +0.2% |
| Equity | 10/15 | -€13,254 | €8,490 | +€21,744 | |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,854 | €1,890 | +€21,744 | |
| Amounts payable | 17/49 | €2,369,730 | €2,353,124 | -€16,605 | -0.7% |
| Amounts payable within one year | 42/48 | €2,369,730 | €2,353,124 | -€16,605 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €1,028,813 | €953,863 | -€74,950 | -7.3% |
| Trade debts | 44 | €18,822 | €62,386 | +€43,564 | +231% |
| Suppliers | 440/4 | €18,822 | €62,386 | +€43,564 | +231% |
| Taxes, remuneration and social security | 45 | - | €147 | +€147 | |
| Taxes | 450/3 | - | €147 | +€147 | |
| Other amounts payable | 47/48 | €1,322,095 | €1,336,728 | +€14,633 | +1.1% |
| Other operating charges | 640/8 | €5,907 | €3,196 | -€2,711 | -45.9% |
| Gross operating margin | 9900 | €49,159 | €97,032 | +€47,873 | +97.4% |
| Operating profit (loss) | 9901 | €43,252 | €93,836 | +€50,584 | +117% |
| Financial charges | 65/66B | €22,124 | €71,945 | +€49,821 | +225% |
| Recurring financial charges | 65 | €22,124 | €71,945 | +€49,821 | +225% |
| Profit (loss) for the period before taxes | 9903 | €21,128 | €21,891 | +€763 | +3.6% |
| Income taxes | 67/77 | - | €147 | +€147 | |
| Profit (loss) for the period | 9904 | €21,128 | €21,744 | +€616 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,128 | €21,744 | +€616 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.