Witte Paard Events: 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
Witte Paard Events
NACE 90.311, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€165,750
2024 · €53,630+€112,119
Equity
€4.4m
2024 · €2.9m+€1.4m
Cash
€98,970
2024 · €120,005-€21,035
Balance sheet total
€5.7m
2024 · €3.8m+€1.9m
Largest movements
Assets
- Financial fixed assets +€2.6m
up €2.6m (+120%), from €2.1m to €4.7m
- Receivables after one year -€791,000
down €791,000 (-79.8%), from €991,000 to €200,000
- Receivables within one year +€100,985
up €100,985 (+2,288%), from €4,414 to €105,399
of which Trade receivables: +€68,604
Equity and liabilities
- Contributions +€1.5m
up €1.5m (+54.2%), from €2.8m to €4.3m
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts -€879,239
down €879,239 (-94.6%), from €929,478 to €50,239
- Revaluation surpluses -€236,813
down €236,813 (-87.7%), from €269,913 to €33,100
- Profit (loss) carried forward +€144,422
up €144,422, from -€144,422 to €0
Income statement
- Turnover +€3.6m
new in 2025: €3.6m
- Purchases and services +€3.1m
new in 2025: €3.1m
- Gross operating margin +€534,216
up €534,216, from -€12,479 to €521,737
- Staff costs +€240,304
new in 2025: €240,304
- Financial income -€59,276
down €59,276 (-86.5%), from €68,563 to €9,287
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
€53,630
Gross operating margin
+€534,216
Staff costs
-€240,304
Depreciation
-€59,084
Other operating charges
-€15,459
Financial income
-€59,276
Financial charges
-€39,725
Taxes
-€8,248
Result 2025
€165,750
raises the resultlowers the result
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
+€205,571
Investment
-€2.6m
Financing
+€2.4m
Cash 2024
€120,005
From operations (derived)
+€205,571
Net result for the year
+€165,750
Depreciation
+€59,151
Receivables after one year
+€791,000
Stocks and contracts
-€53,797
Receivables within one year
-€100,985
Deferred charges and accrued income
-€17,246
Trade debts
+€132,800
Tax, wage and social debts
+€73,847
Other debts
-€879,239
Accrued charges and deferred income
+€34,289
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€2.4m
Debts after one year
+€1.1m
Contributions, distributions and other
+€1.3m
Cash 2025
€98,970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,843,817 | €5,731,020 | +€1.9m | +49.1% |
| Fixed assets | 21/28 | €2,727,933 | €5,255,145 | +€2.5m | +92.6% |
| Intangible fixed assets | 21 | €49,994 | €44,994 | -€5,000 | -10.0% |
| Tangible fixed assets | 22/27 | €534,939 | €492,994 | -€41,945 | -7.8% |
| Plant, machinery and equipment | 23 | €534,939 | €489,155 | -€45,784 | -8.6% |
| Furniture and vehicles | 24 | - | €3,839 | +€3,839 | |
| Financial fixed assets | 28 | €2,143,000 | €4,717,157 | +€2.6m | +120% |
| Current assets | 29/58 | €1,115,884 | €475,876 | -€640,008 | -57.4% |
| Amounts receivable after more than one year | 29 | €991,000 | €200,000 | -€791,000 | -79.8% |
| Other amounts receivable | 291 | €991,000 | €200,000 | -€791,000 | -79.8% |
| Stocks and contracts in progress | 3 | - | €53,797 | +€53,797 | |
| Stocks | 30/36 | - | €53,797 | +€53,797 | |
| Amounts receivable within one year | 40/41 | €4,414 | €105,399 | +€100,985 | +2,288% |
| Trade receivables | 40 | - | €68,604 | +€68,604 | |
| Other amounts receivable | 41 | €4,414 | €36,794 | +€32,381 | +734% |
| Cash at bank and in hand | 54/58 | €120,005 | €98,970 | -€21,035 | -17.5% |
| Deferred charges and accrued income | 490/1 | €465 | €17,711 | +€17,246 | +3,709% |
| Total equity and liabilities | 10/49 | €3,843,817 | €5,731,020 | +€1.9m | +49.1% |
| Equity | 10/15 | €2,912,441 | €4,350,947 | +€1.4m | +49.4% |
| Contributions | 10/11 | €2,786,950 | €4,296,520 | +€1.5m | +54.2% |
| Revaluation surpluses | 12 | €269,913 | €33,100 | -€236,813 | -87.7% |
| Reserves | 13 | - | €21,328 | +€21,328 | |
| Distributable reserves | 133 | - | €21,328 | +€21,328 | |
| Profit (loss) carried forward | 14 | -€144,422 | €0 | +€144,422 | |
| Amounts payable | 17/49 | €931,375 | €1,380,073 | +€448,698 | +48.2% |
| Amounts payable after more than one year | 17 | - | €1,087,000 | +€1.1m | |
| Other amounts payable | 178/9 | - | €1,087,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €931,375 | €258,784 | -€672,592 | -72.2% |
| Trade debts | 44 | €1,863 | €134,664 | +€132,800 | +7,126% |
| Suppliers | 440/4 | €1,863 | €134,664 | +€132,800 | +7,126% |
| Taxes, remuneration and social security | 45 | €34 | €73,881 | +€73,847 | +215,486% |
| Taxes | 450/3 | €34 | €22,169 | +€22,135 | +64,589% |
| Remuneration and social security | 454/9 | - | €51,712 | +€51,712 | |
| Other amounts payable | 47/48 | €929,478 | €50,239 | -€879,239 | -94.6% |
| Accrued charges and deferred income | 492/3 | - | €34,289 | +€34,289 | |
| Turnover | 70 | - | €3,648,887 | +€3.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,133,877 | +€3.1m | |
| Remuneration, social security and pensions | 62 | - | €240,304 | +€240,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | €59,151 | +€59,084 | +88,476% |
| Other operating charges | 640/8 | €1,518 | €16,977 | +€15,459 | +1,018% |
| Gross operating margin | 9900 | -€12,479 | €521,737 | +€534,216 | |
| Operating profit (loss) | 9901 | -€14,064 | €205,305 | +€219,369 | |
| Financial income | 75/76B | €68,563 | €9,287 | -€59,276 | -86.5% |
| Recurring financial income | 75 | €68,563 | €9,287 | -€59,276 | -86.5% |
| Financial charges | 65/66B | €869 | €40,594 | +€39,725 | +4,572% |
| Recurring financial charges | 65 | €869 | €40,594 | +€39,725 | +4,572% |
| Profit (loss) for the period before taxes | 9903 | €53,630 | €173,998 | +€120,367 | +224% |
| Income taxes | 67/77 | - | €8,248 | +€8,248 | |
| Profit (loss) for the period | 9904 | €53,630 | €165,750 | +€112,119 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €53,630 | €165,750 | +€112,119 | +209% |
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 30 October 2026 via checked.be.