CODINVEST - LANDEN: 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.
CODINVEST - LANDEN
Largest movements
- Tangible fixed assets -€1,449
down €1,449 (-3.2%), from €45,880 to €44,431
- Trade debts -€1,084
down €1,084 (-5.4%), from €19,978 to €18,893
- Profit (loss) carried forward -€654
down €654 (-4.5%), from -€14,635 to -€15,290
- Gross operating margin +€792
up €792 (+25.6%), from €3,096 to €3,888
- Depreciation +€105
up €105 (+4.4%), from €2,394 to €2,499
- Other operating charges +€62
up €62 (+3.1%), from €1,961 to €2,023
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 | €53,920 | €52,496 | -€1,423 | -2.6% |
| Fixed assets | 21/28 | €45,880 | €44,431 | -€1,449 | -3.2% |
| Tangible fixed assets | 22/27 | €45,880 | €44,431 | -€1,449 | -3.2% |
| Land and buildings | 22 | €45,880 | €44,431 | -€1,449 | -3.2% |
| Current assets | 29/58 | €8,040 | €8,065 | +€25 | +0.3% |
| Amounts receivable within one year | 40/41 | €8,000 | €8,000 | = | 0.0% |
| Trade receivables | 40 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40 | €65 | +€25 | +63.4% |
| Total equity and liabilities | 10/49 | €53,920 | €52,496 | -€1,423 | -2.6% |
| Equity | 10/15 | €12,633 | €11,979 | -€654 | -5.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,635 | -€15,290 | -€654 | -4.5% |
| Amounts payable | 17/49 | €41,286 | €40,518 | -€769 | -1.9% |
| Amounts payable within one year | 42/48 | €41,286 | €40,518 | -€769 | -1.9% |
| Trade debts | 44 | €19,978 | €18,893 | -€1,084 | -5.4% |
| Suppliers | 440/4 | €19,978 | €18,893 | -€1,084 | -5.4% |
| Other amounts payable | 47/48 | €21,309 | €21,624 | +€315 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,394 | €2,499 | +€105 | +4.4% |
| Other operating charges | 640/8 | €1,961 | €2,023 | +€62 | +3.1% |
| Gross operating margin | 9900 | €3,096 | €3,888 | +€792 | +25.6% |
| Operating profit (loss) | 9901 | -€1,259 | -€634 | +€625 | +49.7% |
| Financial charges | 65/66B | €29 | €21 | -€8 | -27.0% |
| Recurring financial charges | 65 | €29 | €21 | -€8 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,287 | -€654 | +€633 | +49.2% |
| Profit (loss) for the period | 9904 | -€1,287 | -€654 | +€633 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,287 | -€654 | +€633 | +49.2% |
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 31 October 2026 via checked.be.