DE LANDING: 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.
DE LANDING
Largest movements
- Tangible fixed assets +€12,997
new in 2025: €12,997
of which Furniture and vehicles: +€11,963
- Receivables within one year -€10,094
down €10,094 (-97.0%), from €10,406 to €312
of which Trade receivables: -€10,406
- Cash +€5,552
up €5,552 (+26.2%), from €21,188 to €26,740
mainly Receivables within one year (+€10,094) and Net result for the year (+€7,869)
- Reserves +€7,850
up €7,850 (+42.4%), from €18,500 to €26,350
- Trade debts +€2,566
up €2,566 (+182%), from €1,411 to €3,978
- Tax, wage and social debts -€1,980
down €1,980 (-18.0%), from €10,982 to €9,002
- Gross operating margin -€13,344
down €13,344 (-49.7%), from €26,840 to €13,495
- Taxes -€3,235
down €3,235 (-44.1%), from €7,335 to €4,101
- Depreciation +€758
new in 2025: €758
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 | €31,594 | €40,050 | +€8,455 | +26.8% |
| Fixed assets | 21/28 | - | €12,997 | +€12,997 | |
| Tangible fixed assets | 22/27 | - | €12,997 | +€12,997 | |
| Plant, machinery and equipment | 23 | - | €1,034 | +€1,034 | |
| Furniture and vehicles | 24 | - | €11,963 | +€11,963 | |
| Current assets | 29/58 | €31,594 | €27,052 | -€4,542 | -14.4% |
| Amounts receivable within one year | 40/41 | €10,406 | €312 | -€10,094 | -97.0% |
| Trade receivables | 40 | €10,406 | - | -€10,406 | |
| Other amounts receivable | 41 | - | €312 | +€312 | |
| Cash at bank and in hand | 54/58 | €21,188 | €26,740 | +€5,552 | +26.2% |
| Total equity and liabilities | 10/49 | €31,594 | €40,050 | +€8,455 | +26.8% |
| Equity | 10/15 | €19,201 | €27,070 | +€7,869 | +41.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €18,500 | €26,350 | +€7,850 | +42.4% |
| Distributable reserves | 133 | €18,500 | €26,350 | +€7,850 | +42.4% |
| Profit (loss) carried forward | 14 | €201 | €220 | +€19 | +9.5% |
| Amounts payable | 17/49 | €12,393 | €12,979 | +€586 | +4.7% |
| Amounts payable within one year | 42/48 | €12,393 | €12,979 | +€586 | +4.7% |
| Trade debts | 44 | €1,411 | €3,978 | +€2,566 | +182% |
| Suppliers | 440/4 | €1,411 | €3,978 | +€2,566 | +182% |
| Taxes, remuneration and social security | 45 | €10,982 | €9,002 | -€1,980 | -18.0% |
| Taxes | 450/3 | €10,982 | €9,002 | -€1,980 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €758 | +€758 | |
| Other operating charges | 640/8 | €773 | €732 | -€41 | -5.3% |
| Gross operating margin | 9900 | €26,840 | €13,495 | -€13,344 | -49.7% |
| Operating profit (loss) | 9901 | €26,067 | €12,005 | -€14,062 | -53.9% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €30 | €40 | +€10 | +33.2% |
| Recurring financial charges | 65 | €30 | €40 | +€10 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €26,037 | €11,970 | -€14,067 | -54.0% |
| Income taxes | 67/77 | €7,335 | €4,101 | -€3,235 | -44.1% |
| Profit (loss) for the period | 9904 | €18,701 | €7,869 | -€10,832 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,701 | €7,869 | -€10,832 | -57.9% |
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 19 October 2026 via checked.be.