Whitehouse Gallery: 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 Gallery
Largest movements
- Receivables within one year -€10,761
down €10,761 (-52.9%), from €20,338 to €9,577
of which Trade receivables: -€7,210
- Cash +€3,670
up €3,670 (+18.7%), from €19,590 to €23,261
mainly Depreciation (+€31,557) and Other debts (+€16,116)
- Profit (loss) carried forward -€25,068
down €25,068 (-51.4%), from -€48,736 to -€73,804
- Debts after one year -€20,000
down €20,000 (-12.4%), from €161,572 to €141,572
- Other debts +€16,116
new in 2025: €16,116
- Advances received +€13,500
new in 2025: €13,500
- Trade debts +€6,975
up €6,975 (+62.9%), from €11,091 to €18,066
- Gross operating margin +€13,490
up €13,490, from -€6,494 to €6,996
- Depreciation +€7,714
up €7,714 (+32.4%), from €23,843 to €31,557
- Staff costs +€287
no longer reported in 2025 (was -€287)
- Financial charges +€248
up €248 (+226%), from €110 to €358
- Taxes +€172
new in 2025: €172
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 | €330,693 | €322,388 | -€8,306 | -2.5% |
| Fixed assets | 21/28 | €209,268 | €209,021 | -€247 | -0.1% |
| Tangible fixed assets | 22/27 | €209,144 | €208,897 | -€247 | -0.1% |
| Land and buildings | 22 | €196,706 | €170,617 | -€26,089 | -13.3% |
| Plant, machinery and equipment | 23 | €5,240 | - | -€5,240 | |
| Furniture and vehicles | 24 | €7,198 | €38,280 | +€31,082 | +432% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €121,425 | €113,366 | -€8,059 | -6.6% |
| Stocks and contracts in progress | 3 | €79,265 | €79,241 | -€24 | 0.0% |
| Stocks | 30/36 | €79,265 | €79,241 | -€24 | 0.0% |
| Amounts receivable within one year | 40/41 | €20,338 | €9,577 | -€10,761 | -52.9% |
| Trade receivables | 40 | €12,519 | €5,309 | -€7,210 | -57.6% |
| Other amounts receivable | 41 | €7,819 | €4,268 | -€3,550 | -45.4% |
| Cash at bank and in hand | 54/58 | €19,590 | €23,261 | +€3,670 | +18.7% |
| Deferred charges and accrued income | 490/1 | €2,232 | €1,288 | -€945 | -42.3% |
| Total equity and liabilities | 10/49 | €330,693 | €322,388 | -€8,306 | -2.5% |
| Equity | 10/15 | €138,031 | €112,962 | -€25,068 | -18.2% |
| Contributions | 10/11 | €37,185 | €37,185 | = | 0.0% |
| Reserves | 13 | €149,582 | €149,582 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €128,582 | €128,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,736 | -€73,804 | -€25,068 | -51.4% |
| Amounts payable | 17/49 | €192,663 | €209,425 | +€16,763 | +8.7% |
| Amounts payable after more than one year | 17 | €161,572 | €141,572 | -€20,000 | -12.4% |
| Financial debts | 170/4 | €161,572 | €141,572 | -€20,000 | -12.4% |
| Amounts payable within one year | 42/48 | €31,091 | €67,854 | +€36,763 | +118% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €11,091 | €18,066 | +€6,975 | +62.9% |
| Suppliers | 440/4 | €11,091 | €18,066 | +€6,975 | +62.9% |
| Advances received on contracts in progress | 46 | - | €13,500 | +€13,500 | |
| Taxes, remuneration and social security | 45 | - | €172 | +€172 | |
| Taxes | 450/3 | - | €172 | +€172 | |
| Other amounts payable | 47/48 | - | €16,116 | +€16,116 | |
| Non-recurring operating income | 76A | - | €8,868 | +€8,868 | |
| Remuneration, social security and pensions | 62 | -€287 | - | +€287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,843 | €31,557 | +€7,714 | +32.4% |
| Other operating charges | 640/8 | - | €68 | +€68 | |
| Gross operating margin | 9900 | -€6,494 | €6,996 | +€13,490 | |
| Operating profit (loss) | 9901 | -€30,049 | -€24,629 | +€5,420 | +18.0% |
| Financial income | 75/76B | €1 | €91 | +€90 | +16,138% |
| Recurring financial income | 75 | €1 | €91 | +€90 | +16,138% |
| Financial charges | 65/66B | €110 | €358 | +€248 | +226% |
| Recurring financial charges | 65 | €110 | €358 | +€248 | +226% |
| Profit (loss) for the period before taxes | 9903 | -€30,158 | -€24,896 | +€5,262 | +17.4% |
| Income taxes | 67/77 | - | €172 | +€172 | |
| Profit (loss) for the period | 9904 | -€30,158 | -€25,068 | +€5,090 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,158 | -€25,068 | +€5,090 | +16.9% |
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 1 November 2026 via checked.be.