WHITESTONE PROPERTIES: 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 PROPERTIES
Largest movements
- Financial fixed assets -€142,000
down €142,000 (-100.0%), from €142,000 to €0
- Tangible fixed assets -€48,980
down €48,980 (-5.2%), from €935,701 to €886,722
of which Land and buildings: -€43,658
- Cash -€31,870
down €31,870 (-57.4%), from €55,521 to €23,651
mainly Debts after one year (-€192,469) and Net result for the year (-€23,280)
- Debts after one year -€192,469
down €192,469 (-17.1%), from €1.1m to €932,814
of which Other amounts payable: -€143,031
- Profit (loss) carried forward -€23,280
down €23,280 (-32.3%), from -€71,979 to -€95,259
- Gross operating margin -€17,612
down €17,612 (-26.5%), from €66,365 to €48,753
- Financial income +€14,987
up €14,987 (+114842.5%), from €13 to €15,000
of which Non-recurring financial income: +€15,000
- Depreciation +€4,270
up €4,270 (+9.3%), from €46,075 to €50,345
- Financial charges -€845
down €845 (-2.8%), from €30,537 to €29,691
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 | €1,155,243 | €929,812 | -€225,431 | -19.5% |
| Fixed assets | 21/28 | €1,077,701 | €886,722 | -€190,980 | -17.7% |
| Tangible fixed assets | 22/27 | €935,701 | €886,722 | -€48,980 | -5.2% |
| Land and buildings | 22 | €882,249 | €838,590 | -€43,658 | -4.9% |
| Furniture and vehicles | 24 | €48,818 | €43,496 | -€5,321 | -10.9% |
| Other tangible fixed assets | 26 | €4,635 | €4,635 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €142,000 | €0 | -€142,000 | -100.0% |
| Current assets | 29/58 | €77,542 | €43,090 | -€34,452 | -44.4% |
| Amounts receivable within one year | 40/41 | €21,061 | €19,358 | -€1,703 | -8.1% |
| Trade receivables | 40 | €21,061 | €19,358 | -€1,703 | -8.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €55,521 | €23,651 | -€31,870 | -57.4% |
| Deferred charges and accrued income | 490/1 | €961 | €82 | -€879 | -91.5% |
| Total equity and liabilities | 10/49 | €1,155,243 | €929,812 | -€225,431 | -19.5% |
| Equity | 10/15 | -€46,979 | -€70,259 | -€23,280 | -49.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,979 | -€95,259 | -€23,280 | -32.3% |
| Amounts payable | 17/49 | €1,202,222 | €1,000,071 | -€202,151 | -16.8% |
| Amounts payable after more than one year | 17 | €1,125,282 | €932,814 | -€192,469 | -17.1% |
| Financial debts | 170/4 | €852,701 | €803,264 | -€49,438 | -5.8% |
| Other amounts payable | 178/9 | €272,581 | €129,550 | -€143,031 | -52.5% |
| Amounts payable within one year | 42/48 | €75,011 | €65,426 | -€9,584 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €48,266 | €49,438 | +€1,171 | +2.4% |
| Financial debts | 43 | €4,175 | €4,873 | +€698 | +16.7% |
| Credit institutions | 430/8 | €4,175 | €4,873 | +€698 | +16.7% |
| Trade debts | 44 | €19,562 | €9,129 | -€10,432 | -53.3% |
| Suppliers | 440/4 | €19,562 | €9,129 | -€10,432 | -53.3% |
| Taxes, remuneration and social security | 45 | €3,008 | €1,986 | -€1,021 | -34.0% |
| Taxes | 450/3 | €3,008 | €1,986 | -€1,021 | -34.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,929 | €1,831 | -€98 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,075 | €50,345 | +€4,270 | +9.3% |
| Other operating charges | 640/8 | €6,865 | €6,997 | +€132 | +1.9% |
| Non-recurring operating charges | 66A | €3,386 | €0 | -€3,386 | -100.0% |
| Gross operating margin | 9900 | €66,365 | €48,753 | -€17,612 | -26.5% |
| Operating profit (loss) | 9901 | €10,040 | -€8,589 | -€18,628 | |
| Financial income | 75/76B | €13 | €15,000 | +€14,987 | +114842.5% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €30,537 | €29,691 | -€845 | -2.8% |
| Recurring financial charges | 65 | €30,537 | €29,691 | -€845 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,484 | -€23,280 | -€2,796 | -13.6% |
| Profit (loss) for the period | 9904 | -€20,484 | -€23,280 | -€2,796 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,484 | -€23,280 | -€2,796 | -13.6% |
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 6 October 2026 via checked.be.