Beautiful Landscape: 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.
Beautiful Landscape
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+70.5%), from €2.3m to €4.0m
- Current investments +€398,920
up €398,920 (+114%), from €350,000 to €748,920
- Debts after one year +€3.5m
new in 2025: €3.5m
- Profit (loss) carried forward -€1.5m
down €1.5m (-72.3%), from €2.1m to €584,383
- Financial charges +€31,808
up €31,808 (+7,232%), from €440 to €32,248
- Financial income -€6,881
down €6,881 (-40.1%), from €17,179 to €10,298
- Gross operating margin -€1,924
down €1,924 (-404%), from -€476 to -€2,400
- Depreciation -€210
no longer reported in 2025 (was €210)
- Other operating charges +€181
up €181 (+18.7%), from €968 to €1,148
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 | €2,733,781 | €4,738,859 | +€2.0m | +73.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,332,207 | €3,976,224 | +€1.6m | +70.5% |
| Financial fixed assets | 28 | €2,332,207 | €3,976,224 | +€1.6m | +70.5% |
| Current assets | 29/58 | €401,574 | €762,635 | +€361,061 | +89.9% |
| Amounts receivable within one year | 40/41 | - | €3,312 | +€3,312 | |
| Other amounts receivable | 41 | - | €3,312 | +€3,312 | |
| Current investments | 50/53 | €350,000 | €748,920 | +€398,920 | +114% |
| Cash at bank and in hand | 54/58 | €49,997 | €9,567 | -€40,431 | -80.9% |
| Deferred charges and accrued income | 490/1 | €1,577 | €836 | -€740 | -47.0% |
| Total equity and liabilities | 10/49 | €2,733,781 | €4,738,859 | +€2.0m | +73.3% |
| Equity | 10/15 | €2,733,681 | €1,206,983 | -€1.5m | -55.8% |
| Contributions | 10/11 | €566,000 | €566,000 | = | 0.0% |
| Capital | 10 | €566,000 | €566,000 | = | 0.0% |
| Issued capital | 100 | €566,000 | €566,000 | = | 0.0% |
| Reserves | 13 | €56,600 | €56,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,600 | €56,600 | = | 0.0% |
| Legal reserve | 130 | €56,600 | €56,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,111,081 | €584,383 | -€1.5m | -72.3% |
| Amounts payable | 17/49 | €100 | €3,531,876 | +€3.5m | +3,531,776% |
| Amounts payable after more than one year | 17 | - | €3,500,000 | +€3.5m | |
| Financial debts | 170/4 | - | €3,500,000 | +€3.5m | |
| Amounts payable within one year | 42/48 | €100 | €100 | = | 0.0% |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €31,776 | +€31,776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | - | -€210 | |
| Other operating charges | 640/8 | €968 | €1,148 | +€181 | +18.7% |
| Gross operating margin | 9900 | -€476 | -€2,400 | -€1,924 | -404% |
| Operating profit (loss) | 9901 | -€1,653 | -€3,548 | -€1,895 | -115% |
| Financial income | 75/76B | €17,179 | €10,298 | -€6,881 | -40.1% |
| Recurring financial income | 75 | €17,179 | €10,298 | -€6,881 | -40.1% |
| Financial charges | 65/66B | €440 | €32,248 | +€31,808 | +7,232% |
| Recurring financial charges | 65 | €440 | €32,248 | +€31,808 | +7,232% |
| Profit (loss) for the period before taxes | 9903 | €15,086 | -€25,498 | -€40,584 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €15,086 | -€25,498 | -€40,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,086 | -€25,498 | -€40,584 |
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 22 October 2026 via checked.be.