LOWER EAST SIDE: 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.
LOWER EAST SIDE
Largest movements
- Stocks and contracts +€2.6m
up €2.6m (+19.7%), from €13.5m to €16.1m
- Cash +€308,966
up €308,966 (+281%), from €109,853 to €418,819
mainly Debts after one year (+€3.0m) and Accrued charges and deferred income (+€193,826)
- Debts after one year +€3.0m
up €3.0m (+30.0%), from €10.0m to €13.0m
- Trade debts -€263,998
down €263,998 (-100%), from €263,998 to €0
- Accrued charges and deferred income +€193,826
new in 2025: €193,826
- Gross operating margin -€17,530
down €17,530 (-392%), from -€4,467 to -€21,998
- Financial income -€5,305
down €5,305 (-82.1%), from €6,464 to €1,159
- Other operating charges -€298
down €298 (-80.5%), from €370 to €72
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 | €13,625,743 | €16,534,382 | +€2.9m | +21.3% |
| Current assets | 29/58 | €13,625,743 | €16,534,382 | +€2.9m | +21.3% |
| Stocks and contracts in progress | 3 | €13,453,496 | €16,103,230 | +€2.6m | +19.7% |
| Stocks | 30/36 | €13,453,496 | €16,103,230 | +€2.6m | +19.7% |
| Amounts receivable within one year | 40/41 | €61,359 | €12,332 | -€49,027 | -79.9% |
| Other amounts receivable | 41 | €61,359 | €12,332 | -€49,027 | -79.9% |
| Cash at bank and in hand | 54/58 | €109,853 | €418,819 | +€308,966 | +281% |
| Deferred charges and accrued income | 490/1 | €1,034 | €0 | -€1,034 | -100% |
| Total equity and liabilities | 10/49 | €13,625,743 | €16,534,382 | +€2.9m | +21.3% |
| Equity | 10/15 | €2,942,179 | €2,920,989 | -€21,189 | -0.7% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,821 | -€79,011 | -€21,189 | -36.6% |
| Amounts payable | 17/49 | €10,683,564 | €13,613,393 | +€2.9m | +27.4% |
| Amounts payable after more than one year | 17 | €10,000,000 | €13,000,000 | +€3.0m | +30.0% |
| Financial debts | 170/4 | €10,000,000 | €13,000,000 | +€3.0m | +30.0% |
| Amounts payable within one year | 42/48 | €683,564 | €419,566 | -€263,998 | -38.6% |
| Trade debts | 44 | €263,998 | €0 | -€263,998 | -100% |
| Suppliers | 440/4 | €263,998 | €0 | -€263,998 | -100% |
| Other amounts payable | 47/48 | €419,566 | €419,566 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €193,826 | +€193,826 | |
| Other operating charges | 640/8 | €370 | €72 | -€298 | -80.5% |
| Gross operating margin | 9900 | -€4,467 | -€21,998 | -€17,530 | -392% |
| Operating profit (loss) | 9901 | -€4,837 | -€22,070 | -€17,233 | -356% |
| Financial income | 75/76B | €6,464 | €1,159 | -€5,305 | -82.1% |
| Recurring financial income | 75 | €6,464 | €1,159 | -€5,305 | -82.1% |
| Financial charges | 65/66B | €157 | €278 | +€121 | +77.1% |
| Recurring financial charges | 65 | €157 | €278 | +€121 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €1,469 | -€21,189 | -€22,658 | |
| Profit (loss) for the period | 9904 | €1,469 | -€21,189 | -€22,658 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,469 | -€21,189 | -€22,658 |
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 26 October 2026 via checked.be.