EAST WALK: 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
EAST WALK
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,862
2024 · €27,138-€21,276
Equity
€582,110
2024 · €576,248+€5,862
Cash
€23,427
2024 · €39,962-€16,535
Balance sheet total
€2.0m
2024 · €1.9m+€83,067
Largest movements
Assets
- Tangible fixed assets +€80,788
up €80,788 (+5.8%), from €1.4m to €1.5m
of which Other tangible fixed assets: +€131,472
- Receivables within one year +€20,077
up €20,077 (+12.0%), from €167,527 to €187,604
of which Trade receivables: +€80,316
Equity and liabilities
- Trade debts +€91,654
up €91,654 (+384%), from €23,890 to €115,545
- Debts after one year -€28,399
down €28,399 (-11.0%), from €257,465 to €229,065
Income statement
- Gross operating margin -€19,204
down €19,204 (-21.4%), from €89,923 to €70,719
- Other operating charges +€1,474
up €1,474 (+26.2%), from €5,617 to €7,092
- Depreciation +€905
up €905 (+2.2%), from €40,289 to €41,194
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
€27,138
Gross operating margin
-€19,204
Depreciation
-€905
Other operating charges
-€1,474
Other operating items
-€50
Financial income
+€1
Financial charges
+€490
Taxes
-€133
Result 2025
€5,862
raises the resultlowers 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
+€132,374
Investment
-€120,987
Financing
-€27,922
Cash 2024
€39,962
From operations (derived)
+€132,374
Net result for the year
+€5,862
Depreciation
+€41,194
Receivables within one year
-€20,077
Smaller working-capital items
+€479
Trade debts
+€91,654
Tax, wage and social debts
-€2,262
Other debts
+€15,523
Investment (derived)
-€120,987
Investment in fixed assets (net)
-€120,987
Financing
-€27,922
Debts after one year
-€28,399
Current portion of long-term debt
+€477
Cash 2025
€23,427
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,914,267 | €1,997,334 | +€83,067 | +4.3% |
| Fixed assets | 21/28 | €1,706,333 | €1,786,125 | +€79,793 | +4.7% |
| Tangible fixed assets | 22/27 | €1,400,223 | €1,481,011 | +€80,788 | +5.8% |
| Land and buildings | 22 | €1,246,218 | €1,237,197 | -€9,022 | -0.7% |
| Plant, machinery and equipment | 23 | €326 | €172 | -€154 | -47.2% |
| Furniture and vehicles | 24 | €71 | - | -€71 | |
| Other tangible fixed assets | 26 | €112,170 | €243,642 | +€131,472 | +117% |
| Assets under construction and advance payments | 27 | €41,438 | - | -€41,438 | |
| Financial fixed assets | 28 | €306,110 | €305,114 | -€995 | -0.3% |
| Current assets | 29/58 | €207,934 | €211,208 | +€3,274 | +1.6% |
| Amounts receivable within one year | 40/41 | €167,527 | €187,604 | +€20,077 | +12.0% |
| Trade receivables | 40 | €18,735 | €99,051 | +€80,316 | +429% |
| Other amounts receivable | 41 | €148,792 | €88,553 | -€60,239 | -40.5% |
| Cash at bank and in hand | 54/58 | €39,962 | €23,427 | -€16,535 | -41.4% |
| Deferred charges and accrued income | 490/1 | €445 | €177 | -€268 | -60.2% |
| Total equity and liabilities | 10/49 | €1,914,267 | €1,997,334 | +€83,067 | +4.3% |
| Equity | 10/15 | €576,248 | €582,110 | +€5,862 | +1.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €86,599 | €86,599 | = | 0.0% |
| Reserves | 13 | €468,337 | €468,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €468,337 | €468,337 | = | 0.0% |
| Reserves not available under the articles | 1311 | €468,337 | €468,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,761 | €8,623 | +€5,862 | +212% |
| Amounts payable | 17/49 | €1,338,019 | €1,415,224 | +€77,205 | +5.8% |
| Amounts payable after more than one year | 17 | €257,465 | €229,065 | -€28,399 | -11.0% |
| Financial debts | 170/4 | €257,465 | €229,065 | -€28,399 | -11.0% |
| Amounts payable within one year | 42/48 | €1,080,554 | €1,185,947 | +€105,393 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €27,922 | €28,399 | +€477 | +1.7% |
| Trade debts | 44 | €23,890 | €115,545 | +€91,654 | +384% |
| Suppliers | 440/4 | €23,890 | €115,545 | +€91,654 | +384% |
| Taxes, remuneration and social security | 45 | €6,515 | €4,253 | -€2,262 | -34.7% |
| Taxes | 450/3 | €6,515 | €4,253 | -€2,262 | -34.7% |
| Other amounts payable | 47/48 | €1,022,226 | €1,037,749 | +€15,523 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €212 | +€212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,289 | €41,194 | +€905 | +2.2% |
| Other operating charges | 640/8 | €5,617 | €7,092 | +€1,474 | +26.2% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €89,923 | €70,719 | -€19,204 | -21.4% |
| Operating profit (loss) | 9901 | €44,016 | €22,383 | -€21,633 | -49.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €16,878 | €16,388 | -€490 | -2.9% |
| Recurring financial charges | 65 | €16,878 | €16,388 | -€489 | -2.9% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €27,138 | €5,995 | -€21,143 | -77.9% |
| Income taxes | 67/77 | - | €133 | +€133 | |
| Profit (loss) for the period | 9904 | €27,138 | €5,862 | -€21,276 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,138 | €5,862 | -€21,276 | -78.4% |
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 31 October 2026 via checked.be.