Wwhite: what changed
Wwhite
Largest movements
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash +€25,948
up €25,948 (+271%), from €9,592 to €35,539
mainly Current investments (+€200,000) and Depreciation (+€22,278)
- Tangible fixed assets -€22,278
down €22,278 (-7.4%), from €299,598 to €277,320
of which Land and buildings: -€22,154
- Deferred charges and accrued income +€21,650
up €21,650 (+135%), from €16,000 to €37,650
- Receivables within one year +€14,535
up €14,535 (+8.6%), from €169,119 to €183,655
of which Trade receivables: +€20,443
- Reserves -€89,848
down €89,848 (-16.8%), from €534,667 to €444,819
of which Distributable reserves: -€87,988
- Other debts -€38,283
down €38,283 (-69.0%), from €55,513 to €17,229
- Debts after one year -€17,164
down €17,164 (-25.8%), from €66,601 to €49,436
- Trade debts -€13,645
down €13,645 (-55.6%), from €24,561 to €10,916
- Gross operating margin -€56,790
down €56,790, from €44,866 to -€11,924
- Taxes -€8,345
down €8,345 (-99.1%), from €8,424 to €79
- Financial charges -€2,312
down €2,312 (-32.5%), from €7,104 to €4,792
- Other operating charges +€788
up €788 (+31.9%), from €2,471 to €3,259
- Financial income -€458
down €458 (-3.5%), from €12,942 to €12,484
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,959 | €551,813 | -€160,145 | -22.5% |
| Fixed assets | 21/28 | €317,248 | €294,970 | -€22,278 | -7.0% |
| Tangible fixed assets | 22/27 | €299,598 | €277,320 | -€22,278 | -7.4% |
| Land and buildings | 22 | €293,541 | €271,387 | -€22,154 | -7.5% |
| Furniture and vehicles | 24 | €496 | €5,933 | +€5,437 | +1,097% |
| Other tangible fixed assets | 26 | €5,561 | €0 | -€5,561 | -100% |
| Financial fixed assets | 28 | €17,650 | €17,650 | = | 0.0% |
| Current assets | 29/58 | €394,711 | €256,844 | -€137,868 | -34.9% |
| Amounts receivable within one year | 40/41 | €169,119 | €183,655 | +€14,535 | +8.6% |
| Trade receivables | 40 | - | €20,443 | +€20,443 | |
| Other amounts receivable | 41 | €169,119 | €163,211 | -€5,908 | -3.5% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €9,592 | €35,539 | +€25,948 | +271% |
| Deferred charges and accrued income | 490/1 | €16,000 | €37,650 | +€21,650 | +135% |
| Total equity and liabilities | 10/49 | €711,959 | €551,813 | -€160,145 | -22.5% |
| Equity | 10/15 | €547,067 | €457,219 | -€89,848 | -16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €534,667 | €444,819 | -€89,848 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €532,807 | €444,819 | -€87,988 | -16.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €164,892 | €94,595 | -€70,298 | -42.6% |
| Amounts payable after more than one year | 17 | €66,601 | €49,436 | -€17,164 | -25.8% |
| Financial debts | 170/4 | €66,601 | €49,436 | -€17,164 | -25.8% |
| Amounts payable within one year | 42/48 | €98,292 | €45,158 | -€53,133 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €15,718 | €17,013 | +€1,296 | +8.2% |
| Trade debts | 44 | €24,561 | €10,916 | -€13,645 | -55.6% |
| Suppliers | 440/4 | €24,561 | €10,916 | -€13,645 | -55.6% |
| Taxes, remuneration and social security | 45 | €2,500 | €0 | -€2,500 | -100% |
| Taxes | 450/3 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €55,513 | €17,229 | -€38,283 | -69.0% |
| Non-recurring operating income | 76A | - | €15,289 | +€15,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,421 | €22,278 | -€143 | -0.6% |
| Other operating charges | 640/8 | €2,471 | €3,259 | +€788 | +31.9% |
| Gross operating margin | 9900 | €44,866 | -€11,924 | -€56,790 | |
| Operating profit (loss) | 9901 | €19,974 | -€37,461 | -€57,435 | |
| Financial income | 75/76B | €12,942 | €12,484 | -€458 | -3.5% |
| Recurring financial income | 75 | €12,942 | €12,484 | -€458 | -3.5% |
| Financial charges | 65/66B | €7,104 | €4,792 | -€2,312 | -32.5% |
| Recurring financial charges | 65 | €7,104 | €4,792 | -€2,312 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €25,812 | -€29,769 | -€55,581 | |
| Income taxes | 67/77 | €8,424 | €79 | -€8,345 | -99.1% |
| Profit (loss) for the period | 9904 | €17,388 | -€29,848 | -€47,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,388 | -€29,848 | -€47,236 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.