EASTERN DRAGON: 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.
EASTERN DRAGON
Largest movements
- Deferred charges and accrued income +€807,589
new in 2025: €807,589
- Tangible fixed assets +€237,775
up €237,775 (+23.1%), from €1.0m to €1.3m
of which Assets under construction and advance payments: +€275,770
- Cash -€83,220
down €83,220 (-73.6%), from €113,046 to €29,826
mainly Deferred charges and accrued income (-€807,589) and Investment in fixed assets (net) (-€266,492)
- Debts after one year +€762,075
up €762,075 (+117%), from €648,961 to €1.4m
- Other debts +€232,581
up €232,581 (+6,699%), from €3,472 to €236,053
- Profit (loss) carried forward -€77,198
down €77,198 (-26.8%), from €287,587 to €210,389
- Trade debts +€25,410
up €25,410 (+62.6%), from €40,582 to €65,992
- Gross operating margin -€79,517
down €79,517 (-46.1%), from €172,341 to €92,824
- Turnover -€74,970
down €74,970 (-16.6%), from €452,244 to €377,274
- Other operating charges +€22,226
up €22,226 (+221%), from €10,038 to €32,264
- Purchases and services +€22,017
up €22,017 (+7.5%), from €294,582 to €316,599
- Staff costs -€11,601
down €11,601 (-13.5%), from €85,674 to €74,073
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 | €1,198,492 | €2,151,975 | +€953,483 | +79.6% |
| Fixed assets | 21/28 | €1,037,631 | €1,266,406 | +€228,775 | +22.0% |
| Tangible fixed assets | 22/27 | €1,028,631 | €1,266,406 | +€237,775 | +23.1% |
| Land and buildings | 22 | €148,500 | €148,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €296 | €1,881 | +€1,585 | +535% |
| Furniture and vehicles | 24 | €6,879 | €2,366 | -€4,513 | -65.6% |
| Other tangible fixed assets | 26 | €872,955 | €837,889 | -€35,066 | -4.0% |
| Assets under construction and advance payments | 27 | - | €275,770 | +€275,770 | |
| Financial fixed assets | 28 | €9,000 | €0 | -€9,000 | -100% |
| Current assets | 29/58 | €160,861 | €885,569 | +€724,708 | +451% |
| Stocks and contracts in progress | 3 | €17,980 | €9,880 | -€8,100 | -45.1% |
| Stocks | 30/36 | €17,980 | €9,880 | -€8,100 | -45.1% |
| Amounts receivable within one year | 40/41 | €29,835 | €38,274 | +€8,439 | +28.3% |
| Trade receivables | 40 | €9,264 | €23,423 | +€14,159 | +153% |
| Other amounts receivable | 41 | €20,571 | €14,851 | -€5,721 | -27.8% |
| Cash at bank and in hand | 54/58 | €113,046 | €29,826 | -€83,220 | -73.6% |
| Deferred charges and accrued income | 490/1 | - | €807,589 | +€807,589 | |
| Total equity and liabilities | 10/49 | €1,198,492 | €2,151,975 | +€953,483 | +79.6% |
| Equity | 10/15 | €442,467 | €365,269 | -€77,198 | -17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,279 | €136,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €18,000 | +€18,000 | |
| Own shares acquired | 1312 | €18,000 | - | -€18,000 | |
| Distributable reserves | 133 | €118,279 | €118,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,587 | €210,389 | -€77,198 | -26.8% |
| Amounts payable | 17/49 | €756,025 | €1,786,706 | +€1.0m | +136% |
| Amounts payable after more than one year | 17 | €648,961 | €1,411,036 | +€762,075 | +117% |
| Financial debts | 170/4 | €648,961 | €1,411,036 | +€762,075 | +117% |
| Amounts payable within one year | 42/48 | €107,064 | €375,670 | +€268,606 | +251% |
| Current portion of amounts payable after more than one year | 42 | €41,840 | €42,925 | +€1,085 | +2.6% |
| Trade debts | 44 | €40,582 | €65,992 | +€25,410 | +62.6% |
| Suppliers | 440/4 | €40,582 | €65,992 | +€25,410 | +62.6% |
| Taxes, remuneration and social security | 45 | €21,170 | €30,700 | +€9,530 | +45.0% |
| Taxes | 450/3 | €16,895 | €27,863 | +€10,968 | +64.9% |
| Remuneration and social security | 454/9 | €4,276 | €2,837 | -€1,438 | -33.6% |
| Other amounts payable | 47/48 | €3,472 | €236,053 | +€232,581 | +6,699% |
| Turnover | 70 | €452,244 | €377,274 | -€74,970 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €294,582 | €316,599 | +€22,017 | +7.5% |
| Remuneration, social security and pensions | 62 | €85,674 | €74,073 | -€11,601 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,317 | €37,718 | -€2,600 | -6.4% |
| Other operating charges | 640/8 | €10,038 | €32,264 | +€22,226 | +221% |
| Gross operating margin | 9900 | €172,341 | €92,824 | -€79,517 | -46.1% |
| Operating profit (loss) | 9901 | €36,312 | -€51,230 | -€87,542 | |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €23,430 | €25,968 | +€2,538 | +10.8% |
| Recurring financial charges | 65 | €23,430 | €25,968 | +€2,538 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €12,956 | -€77,198 | -€90,154 | |
| Income taxes | 67/77 | €5,483 | - | -€5,483 | |
| Profit (loss) for the period | 9904 | €7,473 | -€77,198 | -€84,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,473 | -€77,198 | -€84,672 |
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.