4landscape: what changed
Two fiscal 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.
4landscape
Largest movements
- Tangible fixed assets -€20,467
down €20,467 (-26.7%), from €76,518 to €56,052
- Cash -€10,788
down €10,788 (-35.8%), from €30,137 to €19,349
mainly Trade debts (-€34,175) and Other debts (-€22,743)
- Receivables within one year -€9,948
down €9,948 (-35.3%), from €28,212 to €18,264
of which Other amounts receivable: -€14,170
- Trade debts -€34,175
down €34,175 (-93.1%), from €36,711 to €2,536
- Debts after one year +€23,523
up €23,523, from €0 to €23,523
- Other debts -€22,743
down €22,743 (-89.3%), from €25,469 to €2,726
- Profit (loss) carried forward -€3,637
down €3,637 (-216.7%), from -€1,679 to -€5,315
- Tax, wage and social debts -€3,413
down €3,413 (-67.9%), from €5,029 to €1,616
of which Remuneration and social security: -€3,592
- Gross operating margin -€67,656
down €67,656 (-59.2%), from €114,311 to €46,656
- Staff costs -€42,685
down €42,685 (-64.7%), from €65,983 to €23,298
- Depreciation -€2,873
down €2,873 (-12.3%), from €23,339 to €20,467
- Financial charges +€2,281
up €2,281 (+112.0%), from €2,037 to €4,317
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.
Cash bridge derived
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 | €134,942 | €93,740 | -€41,203 | -30.5% |
| Fixed assets | 21/28 | €76,593 | €56,127 | -€20,467 | -26.7% |
| Tangible fixed assets | 22/27 | €76,518 | €56,052 | -€20,467 | -26.7% |
| Furniture and vehicles | 24 | €76,518 | €56,052 | -€20,467 | -26.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €58,349 | €37,613 | -€20,736 | -35.5% |
| Amounts receivable within one year | 40/41 | €28,212 | €18,264 | -€9,948 | -35.3% |
| Trade receivables | 40 | €10,559 | €14,780 | +€4,222 | +40.0% |
| Other amounts receivable | 41 | €17,653 | €3,484 | -€14,170 | -80.3% |
| Cash at bank and in hand | 54/58 | €30,137 | €19,349 | -€10,788 | -35.8% |
| Total equity and liabilities | 10/49 | €134,942 | €93,740 | -€41,203 | -30.5% |
| Equity | 10/15 | €12,042 | €8,405 | -€3,637 | -30.2% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,521 | €1,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,521 | €1,521 | = | 0.0% |
| Other | 1319 | €1,521 | €1,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,679 | -€5,315 | -€3,637 | -216.7% |
| Amounts payable | 17/49 | €122,900 | €85,334 | -€37,566 | -30.6% |
| Amounts payable after more than one year | 17 | €0 | €23,523 | +€23,523 | |
| Financial debts | 170/4 | €0 | €23,523 | +€23,523 | |
| Amounts payable within one year | 42/48 | €122,900 | €61,812 | -€61,089 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €55,691 | €54,933 | -€758 | -1.4% |
| Trade debts | 44 | €36,711 | €2,536 | -€34,175 | -93.1% |
| Suppliers | 440/4 | €36,711 | €2,536 | -€34,175 | -93.1% |
| Taxes, remuneration and social security | 45 | €5,029 | €1,616 | -€3,413 | -67.9% |
| Taxes | 450/3 | €389 | €568 | +€179 | +46.0% |
| Remuneration and social security | 454/9 | €4,640 | €1,048 | -€3,592 | -77.4% |
| Other amounts payable | 47/48 | €25,469 | €2,726 | -€22,743 | -89.3% |
| Non-recurring operating income | 76A | €432 | €0 | -€432 | -100.0% |
| Remuneration, social security and pensions | 62 | €65,983 | €23,298 | -€42,685 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,339 | €20,467 | -€2,873 | -12.3% |
| Other operating charges | 640/8 | €2,069 | €2,037 | -€33 | -1.6% |
| Gross operating margin | 9900 | €114,311 | €46,656 | -€67,656 | -59.2% |
| Operating profit (loss) | 9901 | €22,920 | €855 | -€22,065 | -96.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €2,037 | €4,317 | +€2,281 | +112.0% |
| Recurring financial charges | 65 | €2,037 | €4,317 | +€2,281 | +112.0% |
| Profit (loss) for the period before taxes | 9903 | €20,885 | -€3,462 | -€24,348 | |
| Income taxes | 67/77 | €11 | €174 | +€164 | +1520.8% |
| Profit (loss) for the period | 9904 | €20,875 | -€3,637 | -€24,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,875 | -€3,637 | -€24,511 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.