Whitewood Logistics: 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.
Whitewood Logistics
Largest movements
- Financial fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year -€270,667
down €270,667 (-56.5%), from €479,356 to €208,689
of which Trade receivables: -€221,524
- Cash +€237,225
up €237,225 (+8,496%), from €2,792 to €240,017
mainly Debts after one year (+€702,253) and Receivables within one year (+€270,667)
- Debts after one year +€702,253
new in 2025: €702,253
- Short-term financial debts +€236,330
new in 2025: €236,330
- Profit (loss) carried forward +€156,181
up €156,181 (+77.0%), from €202,933 to €359,114
- Trade debts -€99,050
down €99,050 (-38.8%), from €255,008 to €155,958
- Tax, wage and social debts +€75,843
up €75,843 (+595%), from €12,744 to €88,587
of which Taxes: +€74,683
- Gross operating margin +€410,674
up €410,674, from -€8,220 to €402,454
- Other operating charges +€85,846
up €85,846 (+4,866%), from €1,764 to €87,610
- Taxes +€55,421
up €55,421, from -€3,784 to €51,638
- Staff costs +€38,898
up €38,898 (+68.4%), from €56,853 to €95,751
- Financial income -€21,867
down €21,867 (-99.6%), from €21,952 to €85
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 | €482,685 | €1,554,242 | +€1.1m | +222% |
| Fixed assets | 21/28 | €537 | €1,104,702 | +€1.1m | +205,790% |
| Tangible fixed assets | 22/27 | €537 | €4,702 | +€4,165 | +776% |
| Furniture and vehicles | 24 | €537 | €4,702 | +€4,165 | +776% |
| Financial fixed assets | 28 | - | €1,100,000 | +€1.1m | |
| Current assets | 29/58 | €482,148 | €449,540 | -€32,608 | -6.8% |
| Amounts receivable within one year | 40/41 | €479,356 | €208,689 | -€270,667 | -56.5% |
| Trade receivables | 40 | €430,213 | €208,689 | -€221,524 | -51.5% |
| Other amounts receivable | 41 | €49,143 | €0 | -€49,143 | -100% |
| Cash at bank and in hand | 54/58 | €2,792 | €240,017 | +€237,225 | +8,496% |
| Deferred charges and accrued income | 490/1 | - | €833 | +€833 | |
| Total equity and liabilities | 10/49 | €482,685 | €1,554,242 | +€1.1m | +222% |
| Equity | 10/15 | €214,933 | €371,114 | +€156,181 | +72.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,933 | €359,114 | +€156,181 | +77.0% |
| Amounts payable | 17/49 | €267,752 | €1,183,128 | +€915,376 | +342% |
| Amounts payable after more than one year | 17 | - | €702,253 | +€702,253 | |
| Financial debts | 170/4 | - | €702,253 | +€702,253 | |
| Amounts payable within one year | 42/48 | €267,752 | €480,874 | +€213,123 | +79.6% |
| Financial debts | 43 | - | €236,330 | +€236,330 | |
| Credit institutions | 430/8 | - | €236,330 | +€236,330 | |
| Trade debts | 44 | €255,008 | €155,958 | -€99,050 | -38.8% |
| Suppliers | 440/4 | €255,008 | €155,958 | -€99,050 | -38.8% |
| Taxes, remuneration and social security | 45 | €12,744 | €88,587 | +€75,843 | +595% |
| Taxes | 450/3 | - | €74,683 | +€74,683 | |
| Remuneration and social security | 454/9 | €12,744 | €13,904 | +€1,160 | +9.1% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €56,853 | €95,751 | +€38,898 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €1,347 | +€917 | +214% |
| Other operating charges | 640/8 | €1,764 | €87,610 | +€85,846 | +4,866% |
| Gross operating margin | 9900 | -€8,220 | €402,454 | +€410,674 | |
| Operating profit (loss) | 9901 | -€67,267 | €217,746 | +€285,013 | |
| Financial income | 75/76B | €21,952 | €85 | -€21,867 | -99.6% |
| Recurring financial income | 75 | €21,952 | €85 | -€21,867 | -99.6% |
| Financial charges | 65/66B | €704 | €10,013 | +€9,309 | +1,323% |
| Recurring financial charges | 65 | €704 | €10,013 | +€9,309 | +1,323% |
| Profit (loss) for the period before taxes | 9903 | -€46,019 | €207,818 | +€253,837 | |
| Income taxes | 67/77 | -€3,784 | €51,638 | +€55,421 | |
| Profit (loss) for the period | 9904 | -€42,235 | €156,181 | +€198,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,235 | €156,181 | +€198,415 |
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 28 October 2026 via checked.be.