WHITEOUT: 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.
WHITEOUT
Largest movements
- Cash +€11,396
up €11,396 (+79.7%), from €14,301 to €25,697
mainly Trade debts (+€4,439) and Receivables within one year (+€4,417)
- Receivables within one year -€4,417
down €4,417 (-100.0%), from €4,417 to €0
of which Trade receivables: -€4,005
- Tangible fixed assets -€1,190
down €1,190 (-20.7%), from €5,748 to €4,558
- Trade debts +€4,439
up €4,439 (+600.7%), from €739 to €5,178
- Tax, wage and social debts +€1,705
up €1,705, from €0 to €1,705
- Reserves -€563
down €563 (-3.7%), from €15,029 to €14,466
of which Distributable reserves: -€563
- Gross operating margin +€5,346
up €5,346, from -€4,082 to €1,265
- Depreciation +€988
up €988 (+488.7%), from €202 to €1,190
- Other operating charges +€210
up €210 (+54.5%), from €384 to €594
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 | €24,523 | €30,374 | +€5,851 | +23.9% |
| Fixed assets | 21/28 | €5,748 | €4,558 | -€1,190 | -20.7% |
| Tangible fixed assets | 22/27 | €5,748 | €4,558 | -€1,190 | -20.7% |
| Furniture and vehicles | 24 | €5,748 | €4,558 | -€1,190 | -20.7% |
| Current assets | 29/58 | €18,775 | €25,816 | +€7,041 | +37.5% |
| Amounts receivable within one year | 40/41 | €4,417 | €0 | -€4,417 | -100.0% |
| Trade receivables | 40 | €4,005 | €0 | -€4,005 | -100.0% |
| Other amounts receivable | 41 | €412 | €0 | -€412 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,301 | €25,697 | +€11,396 | +79.7% |
| Deferred charges and accrued income | 490/1 | €56 | €119 | +€62 | +111.2% |
| Total equity and liabilities | 10/49 | €24,523 | €30,374 | +€5,851 | +23.9% |
| Equity | 10/15 | €21,229 | €20,666 | -€563 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,029 | €14,466 | -€563 | -3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,169 | €12,606 | -€563 | -4.3% |
| Amounts payable | 17/49 | €3,293 | €9,707 | +€6,414 | +194.8% |
| Amounts payable within one year | 42/48 | €3,293 | €9,707 | +€6,414 | +194.8% |
| Trade debts | 44 | €739 | €5,178 | +€4,439 | +600.7% |
| Suppliers | 440/4 | €739 | €5,178 | +€4,439 | +600.7% |
| Taxes, remuneration and social security | 45 | €0 | €1,705 | +€1,705 | |
| Taxes | 450/3 | €0 | €1,705 | +€1,705 | |
| Other amounts payable | 47/48 | €2,554 | €2,824 | +€269 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €1,190 | +€988 | +488.7% |
| Other operating charges | 640/8 | €384 | €594 | +€210 | +54.5% |
| Gross operating margin | 9900 | -€4,082 | €1,265 | +€5,346 | |
| Operating profit (loss) | 9901 | -€4,668 | -€519 | +€4,149 | +88.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €59 | €44 | -€16 | -26.5% |
| Recurring financial charges | 65 | €59 | €44 | -€16 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,727 | -€563 | +€4,164 | +88.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,727 | -€563 | +€4,164 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,727 | -€563 | +€4,164 | +88.1% |
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 11 October 2026 via checked.be.