WHITESTONE: 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.
WHITESTONE
Largest movements
- Tangible fixed assets -€13,633
down €13,633 (-3.9%), from €351,416 to €337,783
- Debts after one year -€11,079
down €11,079 (-8.6%), from €128,477 to €117,399
- Gross operating margin -€5,184
down €5,184 (-21.7%), from €23,901 to €18,717
- Depreciation -€445
down €445 (-3.2%), from €14,078 to €13,633
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 | €363,244 | €352,111 | -€11,133 | -3.1% |
| Fixed assets | 21/28 | €351,514 | €337,881 | -€13,633 | -3.9% |
| Tangible fixed assets | 22/27 | €351,416 | €337,783 | -€13,633 | -3.9% |
| Land and buildings | 22 | €351,416 | €337,783 | -€13,633 | -3.9% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €11,730 | €14,229 | +€2,500 | +21.3% |
| Cash at bank and in hand | 54/58 | €11,730 | €14,229 | +€2,500 | +21.3% |
| Total equity and liabilities | 10/49 | €363,244 | €352,111 | -€11,133 | -3.1% |
| Equity | 10/15 | €55,624 | €56,156 | +€531 | +1.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,376 | -€143,844 | +€531 | +0.4% |
| Amounts payable | 17/49 | €307,619 | €295,955 | -€11,664 | -3.8% |
| Amounts payable after more than one year | 17 | €128,477 | €117,399 | -€11,079 | -8.6% |
| Financial debts | 170/4 | €128,477 | €117,399 | -€11,079 | -8.6% |
| Amounts payable within one year | 42/48 | €179,142 | €178,557 | -€585 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €10,873 | €11,079 | +€206 | +1.9% |
| Other amounts payable | 47/48 | €168,269 | €167,478 | -€791 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,078 | €13,633 | -€445 | -3.2% |
| Other operating charges | 640/8 | €1,945 | €1,729 | -€216 | -11.1% |
| Gross operating margin | 9900 | €23,901 | €18,717 | -€5,184 | -21.7% |
| Operating profit (loss) | 9901 | €7,878 | €3,355 | -€4,523 | -57.4% |
| Financial charges | 65/66B | €3,017 | €2,824 | -€192 | -6.4% |
| Recurring financial charges | 65 | €3,017 | €2,824 | -€192 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €4,862 | €531 | -€4,331 | -89.1% |
| Profit (loss) for the period | 9904 | €4,862 | €531 | -€4,331 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,862 | €531 | -€4,331 | -89.1% |
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 30 September 2026 via checked.be.