WHITELAB: 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.
WHITELAB
Largest movements
- Cash +€11,048
up €11,048 (+77.5%), from €14,252 to €25,300
mainly Current portion of long-term debt (+€9,162) and Receivables within one year (+€4,397)
- Stocks and contracts +€8,305
up €8,305 (+10.7%), from €77,652 to €85,958
- Receivables within one year -€4,397
down €4,397 (-63.3%), from €6,943 to €2,546
- Tangible fixed assets -€2,121
down €2,121 (-15.3%), from €13,906 to €11,785
of which Other tangible fixed assets: -€1,219
- Current portion of long-term debt +€9,162
up €9,162 (+295.5%), from €3,100 to €12,262
- Tax, wage and social debts +€4,377
up €4,377 (+28.3%), from €15,467 to €19,844
- Other debts -€4,324
down €4,324 (-50.8%), from €8,519 to €4,195
- Profit (loss) carried forward +€4,275
up €4,275 (+9.6%), from €44,518 to €48,793
- Gross operating margin +€4,216
up €4,216 (+20.1%), from €20,964 to €25,180
- Financial charges +€3,234
up €3,234 (+35.9%), from €8,997 to €12,231
- Other operating charges -€758
down €758 (-25.9%), from €2,921 to €2,164
- Taxes +€594
up €594 (+23.6%), from €2,515 to €3,109
- Staff costs -€376
no longer reported in 2025 (was €376)
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 | €118,823 | €132,204 | +€13,381 | +11.3% |
| Fixed assets | 21/28 | €18,344 | €16,635 | -€1,709 | -9.3% |
| Intangible fixed assets | 21 | €4,439 | €4,851 | +€412 | +9.3% |
| Tangible fixed assets | 22/27 | €13,906 | €11,785 | -€2,121 | -15.3% |
| Plant, machinery and equipment | 23 | €7,687 | €6,724 | -€963 | -12.5% |
| Furniture and vehicles | 24 | €1,218 | €1,279 | +€61 | +5.0% |
| Other tangible fixed assets | 26 | €5,001 | €3,782 | -€1,219 | -24.4% |
| Current assets | 29/58 | €100,479 | €115,569 | +€15,090 | +15.0% |
| Stocks and contracts in progress | 3 | €77,652 | €85,958 | +€8,305 | +10.7% |
| Stocks | 30/36 | €77,652 | €85,958 | +€8,305 | +10.7% |
| Amounts receivable within one year | 40/41 | €6,943 | €2,546 | -€4,397 | -63.3% |
| Trade receivables | 40 | €6,943 | €2,546 | -€4,397 | -63.3% |
| Cash at bank and in hand | 54/58 | €14,252 | €25,300 | +€11,048 | +77.5% |
| Deferred charges and accrued income | 490/1 | €1,632 | €1,766 | +€134 | +8.2% |
| Total equity and liabilities | 10/49 | €118,823 | €132,204 | +€13,381 | +11.3% |
| Equity | 10/15 | €53,873 | €58,149 | +€4,275 | +7.9% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €55 | €55 | = | 0.0% |
| Distributable reserves | 133 | €55 | €55 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,518 | €48,793 | +€4,275 | +9.6% |
| Amounts payable | 17/49 | €64,949 | €74,055 | +€9,106 | +14.0% |
| Amounts payable after more than one year | 17 | €1,145 | - | -€1,145 | |
| Financial debts | 170/4 | €1,145 | - | -€1,145 | |
| Amounts payable within one year | 42/48 | €63,554 | €72,575 | +€9,020 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €3,100 | €12,262 | +€9,162 | +295.5% |
| Trade debts | 44 | €36,469 | €36,274 | -€195 | -0.5% |
| Suppliers | 440/4 | €36,469 | €36,274 | -€195 | -0.5% |
| Taxes, remuneration and social security | 45 | €15,467 | €19,844 | +€4,377 | +28.3% |
| Taxes | 450/3 | €15,467 | €19,844 | +€4,377 | +28.3% |
| Other amounts payable | 47/48 | €8,519 | €4,195 | -€4,324 | -50.8% |
| Accrued charges and deferred income | 492/3 | €250 | €1,481 | +€1,231 | +492.3% |
| Remuneration, social security and pensions | 62 | €376 | - | -€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €3,039 | +€151 | +5.2% |
| Other operating charges | 640/8 | €2,921 | €2,164 | -€758 | -25.9% |
| Non-recurring operating charges | 66A | €48 | €370 | +€322 | +670.8% |
| Gross operating margin | 9900 | €20,964 | €25,180 | +€4,216 | +20.1% |
| Operating profit (loss) | 9901 | €14,730 | €19,608 | +€4,877 | +33.1% |
| Financial income | 75/76B | €0 | €7 | +€7 | +2393.1% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +2393.1% |
| Financial charges | 65/66B | €8,997 | €12,231 | +€3,234 | +35.9% |
| Recurring financial charges | 65 | €8,997 | €12,231 | +€3,234 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €5,733 | €7,384 | +€1,651 | +28.8% |
| Income taxes | 67/77 | €2,515 | €3,109 | +€594 | +23.6% |
| Profit (loss) for the period | 9904 | €3,218 | €4,275 | +€1,057 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,218 | €4,275 | +€1,057 | +32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.