EAST MANAGEMENT: 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.
EAST MANAGEMENT
Largest movements
- Cash +€33,411
up €33,411 (+102%), from €32,643 to €66,054
mainly Net result for the year (+€163,153) and Depreciation (+€47,363)
- Receivables within one year +€12,437
up €12,437 (+30.6%), from €40,609 to €53,046
of which Trade receivables: +€12,148
- Reserves +€73,645
up €73,645 (+108%), from €68,480 to €142,125
of which Distributable reserves: +€73,645
- Debts after one year -€38,223
down €38,223 (-33.6%), from €113,779 to €75,556
- Tax, wage and social debts +€9,318
up €9,318 (+11.4%), from €82,081 to €91,400
of which Taxes: +€7,318
- Current portion of long-term debt -€6,982
down €6,982 (-27.2%), from €25,648 to €18,667
- Other debts +€6,556
up €6,556 (+10.7%), from €61,523 to €68,080
- Gross operating margin +€121,187
up €121,187 (+21.9%), from €554,337 to €675,524
- Staff costs +€21,560
up €21,560 (+5.8%), from €373,808 to €395,368
- Taxes +€18,593
up €18,593 (+44.4%), from €41,897 to €60,490
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 | €424,548 | €470,428 | +€45,880 | +10.8% |
| Fixed assets | 21/28 | €339,570 | €339,442 | -€128 | 0.0% |
| Intangible fixed assets | 21 | €1,930 | €0 | -€1,930 | -100% |
| Tangible fixed assets | 22/27 | €337,563 | €339,365 | +€1,802 | +0.5% |
| Land and buildings | 22 | €260,140 | €250,845 | -€9,296 | -3.6% |
| Plant, machinery and equipment | 23 | €3,936 | €2,555 | -€1,382 | -35.1% |
| Furniture and vehicles | 24 | €73,486 | €85,965 | +€12,479 | +17.0% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €84,978 | €130,986 | +€46,008 | +54.1% |
| Amounts receivable within one year | 40/41 | €40,609 | €53,046 | +€12,437 | +30.6% |
| Trade receivables | 40 | €39,609 | €51,757 | +€12,148 | +30.7% |
| Other amounts receivable | 41 | €1,000 | €1,289 | +€289 | +28.9% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,643 | €66,054 | +€33,411 | +102% |
| Deferred charges and accrued income | 490/1 | €11,476 | €11,636 | +€161 | +1.4% |
| Total equity and liabilities | 10/49 | €424,548 | €470,428 | +€45,880 | +10.8% |
| Equity | 10/15 | €138,258 | €211,332 | +€73,074 | +52.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €68,480 | €142,125 | +€73,645 | +108% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €62,280 | €135,925 | +€73,645 | +118% |
| Investment grants | 15 | €7,778 | €7,207 | -€571 | -7.3% |
| Amounts payable | 17/49 | €286,290 | €259,096 | -€27,194 | -9.5% |
| Amounts payable after more than one year | 17 | €113,779 | €75,556 | -€38,223 | -33.6% |
| Financial debts | 170/4 | €113,779 | €75,556 | -€38,223 | -33.6% |
| Amounts payable within one year | 42/48 | €172,252 | €183,313 | +€11,061 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €25,648 | €18,667 | -€6,982 | -27.2% |
| Trade debts | 44 | €2,999 | €5,167 | +€2,169 | +72.3% |
| Suppliers | 440/4 | €2,999 | €5,167 | +€2,169 | +72.3% |
| Taxes, remuneration and social security | 45 | €82,081 | €91,400 | +€9,318 | +11.4% |
| Taxes | 450/3 | €39,460 | €46,779 | +€7,318 | +18.5% |
| Remuneration and social security | 454/9 | €42,621 | €44,621 | +€2,000 | +4.7% |
| Other amounts payable | 47/48 | €61,523 | €68,080 | +€6,556 | +10.7% |
| Accrued charges and deferred income | 492/3 | €259 | €226 | -€33 | -12.7% |
| Remuneration, social security and pensions | 62 | €373,808 | €395,368 | +€21,560 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,773 | €47,363 | +€4,590 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,479 | €0 | +€1,479 | |
| Other operating charges | 640/8 | €3,764 | €4,854 | +€1,091 | +29.0% |
| Gross operating margin | 9900 | €554,337 | €675,524 | +€121,187 | +21.9% |
| Operating profit (loss) | 9901 | €135,471 | €227,939 | +€92,468 | +68.3% |
| Financial income | 75/76B | €2,790 | €606 | -€2,184 | -78.3% |
| Recurring financial income | 75 | €2,790 | €606 | -€2,184 | -78.3% |
| Financial charges | 65/66B | €4,671 | €4,902 | +€231 | +5.0% |
| Recurring financial charges | 65 | €4,671 | €4,902 | +€231 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €133,590 | €223,643 | +€90,053 | +67.4% |
| Income taxes | 67/77 | €41,897 | €60,490 | +€18,593 | +44.4% |
| Profit (loss) for the period | 9904 | €91,693 | €163,153 | +€71,460 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,693 | €163,153 | +€71,460 | +77.9% |
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 24 October 2026 via checked.be.