EAST & WEST: what changed
EAST & WEST
Largest movements
- Receivables within one year +€6,120
up €6,120 (+56.7%), from €10,785 to €16,905
of which Trade receivables: +€4,804
- Financial fixed assets +€6,000
up €6,000 (+250%), from €2,400 to €8,400
- Tangible fixed assets -€4,280
down €4,280 (-16.1%), from €26,552 to €22,272
of which Leasing and similar rights: -€6,101
- Cash +€2,942
up €2,942 (+2.7%), from €108,448 to €111,390
mainly Other debts (+€26,471) and Net result for the year (+€22,718)
- Profit (loss) carried forward -€27,282
down €27,282 (-63.5%), from €42,976 to €15,694
- Other debts +€26,471
up €26,471 (+113%), from €23,529 to €50,000
- Tax, wage and social debts +€13,388
up €13,388 (+78.4%), from €17,073 to €30,461
of which Taxes: +€12,010
- Debts after one year -€4,011
down €4,011 (-27.2%), from €14,733 to €10,722
- Advances received +€3,051
new in 2025: €3,051
- Turnover -€201,934
no longer reported in 2025 (was €201,934)
- Other operating charges -€10,028
down €10,028 (-93.9%), from €10,675 to €647
- Gross operating margin -€10,015
down €10,015 (-13.1%), from €76,191 to €66,176
- Taxes -€2,176
down €2,176 (-16.4%), from €13,306 to €11,130
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 | €151,269 | €161,191 | +€9,922 | +6.6% |
| Fixed assets | 21/28 | €31,884 | €32,354 | +€470 | +1.5% |
| Intangible fixed assets | 21 | €2,932 | €1,682 | -€1,250 | -42.6% |
| Tangible fixed assets | 22/27 | €26,552 | €22,272 | -€4,280 | -16.1% |
| Plant, machinery and equipment | 23 | €963 | €596 | -€367 | -38.1% |
| Leasing and similar rights | 25 | €25,589 | €19,488 | -€6,101 | -23.8% |
| Other tangible fixed assets | 26 | - | €2,188 | +€2,188 | |
| Financial fixed assets | 28 | €2,400 | €8,400 | +€6,000 | +250% |
| Current assets | 29/58 | €119,385 | €128,837 | +€9,452 | +7.9% |
| Amounts receivable within one year | 40/41 | €10,785 | €16,905 | +€6,120 | +56.7% |
| Trade receivables | 40 | €8,043 | €12,847 | +€4,804 | +59.7% |
| Other amounts receivable | 41 | €2,742 | €4,058 | +€1,316 | +48.0% |
| Cash at bank and in hand | 54/58 | €108,448 | €111,390 | +€2,942 | +2.7% |
| Deferred charges and accrued income | 490/1 | €152 | €542 | +€390 | +257% |
| Total equity and liabilities | 10/49 | €151,269 | €161,191 | +€9,922 | +6.6% |
| Equity | 10/15 | €86,329 | €59,047 | -€27,282 | -31.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €25,353 | €25,353 | = | 0.0% |
| Distributable reserves | 133 | €25,353 | €25,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,976 | €15,694 | -€27,282 | -63.5% |
| Amounts payable | 17/49 | €64,940 | €102,144 | +€37,204 | +57.3% |
| Amounts payable after more than one year | 17 | €14,733 | €10,722 | -€4,011 | -27.2% |
| Financial debts | 170/4 | €14,733 | €10,722 | -€4,011 | -27.2% |
| Amounts payable within one year | 42/48 | €50,207 | €91,422 | +€41,215 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €4,293 | €4,011 | -€282 | -6.6% |
| Trade debts | 44 | €5,312 | €3,899 | -€1,413 | -26.6% |
| Suppliers | 440/4 | €5,312 | €3,899 | -€1,413 | -26.6% |
| Advances received on contracts in progress | 46 | - | €3,051 | +€3,051 | |
| Taxes, remuneration and social security | 45 | €17,073 | €30,461 | +€13,388 | +78.4% |
| Taxes | 450/3 | €14,519 | €26,529 | +€12,010 | +82.7% |
| Remuneration and social security | 454/9 | €2,554 | €3,932 | +€1,378 | +54.0% |
| Other amounts payable | 47/48 | €23,529 | €50,000 | +€26,471 | +113% |
| Turnover | 70 | €201,934 | - | -€201,934 | |
| Non-recurring operating income | 76A | €2,057 | €2,310 | +€253 | +12.3% |
| Remuneration, social security and pensions | 62 | €19,902 | €21,856 | +€1,954 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,948 | €7,828 | +€880 | +12.7% |
| Other operating charges | 640/8 | €10,675 | €647 | -€10,028 | -93.9% |
| Gross operating margin | 9900 | €76,191 | €66,176 | -€10,015 | -13.1% |
| Operating profit (loss) | 9901 | €38,666 | €35,845 | -€2,821 | -7.3% |
| Financial charges | 65/66B | €1,959 | €1,997 | +€38 | +1.9% |
| Recurring financial charges | 65 | €1,959 | €1,997 | +€38 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €36,707 | €33,848 | -€2,859 | -7.8% |
| Income taxes | 67/77 | €13,306 | €11,130 | -€2,176 | -16.4% |
| Profit (loss) for the period | 9904 | €23,401 | €22,718 | -€683 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,401 | €22,718 | -€683 | -2.9% |
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 2 November 2026 via checked.be.