WHYTE CORPORATE AFFAIRS: 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.
What changed
WHYTE CORPORATE AFFAIRS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€469,324
2024 · €878,165-€408,841
Equity
€1.0m
2024 · €1.0m+€19,324
Cash
€398,182
2024 · €239,022+€159,160
Balance sheet total
€16.7m
2024 · €3.3m+€13.4m
Largest movements
Assets
- Financial fixed assets +€13.6m
up €13.6m (+37,327%), from €36,438 to €13.6m
- Receivables within one year -€472,497
down €472,497 (-16.9%), from €2.8m to €2.3m
of which Trade receivables: -€561,696
Equity and liabilities
- Debts after one year +€11.9m
new in 2025: €11.9m
- Current portion of long-term debt +€1.9m
new in 2025: €1.9m
- Other debts -€600,000
down €600,000 (-57.1%), from €1.1m to €450,000
Income statement
- Financial charges +€148,297
up €148,297 (+466%), from €31,811 to €180,108
- Gross operating margin -€115,246
down €115,246 (-2.9%), from €4.0m to €3.9m
- Staff costs +€81,683
up €81,683 (+2.9%), from €2.8m to €2.9m
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.
Result 2024
€878,165
Gross operating margin
-€115,246
Staff costs
-€81,683
Depreciation
-€19,932
Write-downs
-€8,146
Other operating charges
-€10,093
Other operating items
-€2,432
Financial income
-€15,325
Financial charges
-€148,297
Taxes
-€7,688
Result 2025
€469,324
lowers the resultnot broken down further in the accounts
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.
From operations
+€500,262
Investment
-€13.7m
Financing
+€13.4m
Cash 2024
€239,022
From operations (derived)
+€500,262
Net result for the year
+€469,324
Depreciation
+€58,920
Receivables within one year
+€472,497
Deferred charges and accrued income
-€67,856
Trade debts
+€84,316
Tax, wage and social debts
-€79,492
Other debts
-€600,000
Accrued charges and deferred income
+€162,552
Investment (derived)
-€13.7m
Investment in fixed assets (net)
-€13.7m
Financing
+€13.4m
Debts after one year
+€11.9m
Current portion of long-term debt
+€1.9m
Contributions, distributions and other
-€450,000
Cash 2025
€398,182
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,324,015 | €16,710,716 | +€13.4m | +403% |
| Fixed assets | 21/28 | €228,102 | €13,860,284 | +€13.6m | +5,976% |
| Intangible fixed assets | 21 | €90,671 | €83,967 | -€6,703 | -7.4% |
| Tangible fixed assets | 22/27 | €100,993 | €138,664 | +€37,670 | +37.3% |
| Plant, machinery and equipment | 23 | €36,918 | €35,560 | -€1,357 | -3.7% |
| Furniture and vehicles | 24 | €64,075 | €103,103 | +€39,028 | +60.9% |
| Financial fixed assets | 28 | €36,438 | €13,637,653 | +€13.6m | +37,327% |
| Current assets | 29/58 | €3,095,914 | €2,850,432 | -€245,481 | -7.9% |
| Amounts receivable within one year | 40/41 | €2,790,313 | €2,317,816 | -€472,497 | -16.9% |
| Trade receivables | 40 | €2,774,153 | €2,212,457 | -€561,696 | -20.2% |
| Other amounts receivable | 41 | €16,160 | €105,359 | +€89,199 | +552% |
| Cash at bank and in hand | 54/58 | €239,022 | €398,182 | +€159,160 | +66.6% |
| Deferred charges and accrued income | 490/1 | €66,578 | €134,434 | +€67,856 | +102% |
| Total equity and liabilities | 10/49 | €3,324,015 | €16,710,716 | +€13.4m | +403% |
| Equity | 10/15 | €1,003,042 | €1,022,366 | +€19,324 | +1.9% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €733,800 | €761,800 | +€28,000 | +3.8% |
| Non-distributable reserves | 130/1 | €54,800 | €54,800 | = | 0.0% |
| Legal reserve | 130 | €54,800 | €54,800 | = | 0.0% |
| Distributable reserves | 133 | €679,000 | €707,000 | +€28,000 | +4.1% |
| Profit (loss) carried forward | 14 | €9,242 | €566 | -€8,676 | -93.9% |
| Amounts payable | 17/49 | €2,320,974 | €15,688,351 | +€13.4m | +576% |
| Amounts payable after more than one year | 17 | - | €11,901,667 | +€11.9m | |
| Financial debts | 170/4 | - | €11,901,667 | +€11.9m | |
| Amounts payable within one year | 42/48 | €1,997,932 | €3,301,090 | +€1.3m | +65.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,898,333 | +€1.9m | |
| Trade debts | 44 | €316,374 | €400,691 | +€84,316 | +26.7% |
| Suppliers | 440/4 | €316,374 | €400,691 | +€84,316 | +26.7% |
| Taxes, remuneration and social security | 45 | €631,558 | €552,066 | -€79,492 | -12.6% |
| Taxes | 450/3 | €243,515 | €206,328 | -€37,187 | -15.3% |
| Remuneration and social security | 454/9 | €388,043 | €345,738 | -€42,304 | -10.9% |
| Other amounts payable | 47/48 | €1,050,000 | €450,000 | -€600,000 | -57.1% |
| Accrued charges and deferred income | 492/3 | €323,041 | €485,594 | +€162,552 | +50.3% |
| Non-recurring operating income | 76A | €240 | €9,741 | +€9,501 | +3,959% |
| Remuneration, social security and pensions | 62 | €2,795,863 | €2,877,545 | +€81,683 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,988 | €58,920 | +€19,932 | +51.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€45 | €8,102 | +€8,146 | |
| Other operating charges | 640/8 | €6,895 | €16,989 | +€10,093 | +146% |
| Non-recurring operating charges | 66A | €46 | €2,478 | +€2,432 | +5,242% |
| Gross operating margin | 9900 | €4,008,059 | €3,892,813 | -€115,246 | -2.9% |
| Operating profit (loss) | 9901 | €1,166,312 | €928,779 | -€237,532 | -20.4% |
| Financial income | 75/76B | €17,020 | €1,696 | -€15,325 | -90.0% |
| Recurring financial income | 75 | €17,020 | €1,696 | -€15,325 | -90.0% |
| Financial charges | 65/66B | €31,811 | €180,108 | +€148,297 | +466% |
| Recurring financial charges | 65 | €31,811 | €180,108 | +€148,297 | +466% |
| Profit (loss) for the period before taxes | 9903 | €1,151,521 | €750,367 | -€401,153 | -34.8% |
| Income taxes | 67/77 | €273,356 | €281,044 | +€7,688 | +2.8% |
| Profit (loss) for the period | 9904 | €878,165 | €469,324 | -€408,841 | -46.6% |
| Transfer from tax-exempt reserves | 789 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,299,165 | €469,324 | -€829,841 | -63.9% |
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 27 October 2026 via checked.be.