De Landinghe: 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 Landinghe
Largest movements
- Stocks and contracts -€14,217
down €14,217 (-31.1%), from €45,643 to €31,426
- Tangible fixed assets -€9,041
down €9,041 (-10.0%), from €90,552 to €81,511
of which Furniture and vehicles: -€6,244
- Cash +€2,402
up €2,402 (+25.3%), from €9,474 to €11,876
mainly Stocks and contracts (+€14,217) and Depreciation (+€13,131)
- Profit (loss) carried forward -€24,989
down €24,989 (-447%), from -€5,589 to -€30,578
- Other debts +€10,887
up €10,887 (+10.7%), from €102,120 to €113,008
- Debts after one year -€5,853
down €5,853 (-36.1%), from €16,210 to €10,358
- Trade debts -€2,892
down €2,892 (-45.3%), from €6,378 to €3,487
- Gross operating margin -€22,243
down €22,243, from €12,516 to -€9,726
- Depreciation +€508
up €508 (+4.0%), from €12,623 to €13,131
- Financial charges +€457
up €457 (+75.1%), from €608 to €1,065
- Other operating charges +€384
up €384 (+41.2%), from €932 to €1,316
- Financial income +€244
up €244 (+4,889%), from €5 to €249
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 | €152,582 | €130,553 | -€22,030 | -14.4% |
| Fixed assets | 21/28 | €90,552 | €81,511 | -€9,041 | -10.0% |
| Tangible fixed assets | 22/27 | €90,552 | €81,511 | -€9,041 | -10.0% |
| Land and buildings | 22 | €51,092 | €47,774 | -€3,318 | -6.5% |
| Plant, machinery and equipment | 23 | €11,170 | €11,691 | +€521 | +4.7% |
| Furniture and vehicles | 24 | €28,290 | €22,046 | -€6,244 | -22.1% |
| Current assets | 29/58 | €62,030 | €49,041 | -€12,989 | -20.9% |
| Stocks and contracts in progress | 3 | €45,643 | €31,426 | -€14,217 | -31.1% |
| Stocks | 30/36 | €45,643 | €31,426 | -€14,217 | -31.1% |
| Amounts receivable within one year | 40/41 | €4,400 | €3,383 | -€1,018 | -23.1% |
| Trade receivables | 40 | €3,181 | €2,228 | -€953 | -29.9% |
| Other amounts receivable | 41 | €1,220 | €1,155 | -€65 | -5.3% |
| Cash at bank and in hand | 54/58 | €9,474 | €11,876 | +€2,402 | +25.3% |
| Deferred charges and accrued income | 490/1 | €2,512 | €2,356 | -€156 | -6.2% |
| Total equity and liabilities | 10/49 | €152,582 | €130,553 | -€22,030 | -14.4% |
| Equity | 10/15 | €21,314 | -€3,674 | -€24,989 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,903 | €6,903 | = | 0.0% |
| Distributable reserves | 133 | €6,903 | €6,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,589 | -€30,578 | -€24,989 | -447% |
| Amounts payable | 17/49 | €131,268 | €134,227 | +€2,959 | +2.3% |
| Amounts payable after more than one year | 17 | €16,210 | €10,358 | -€5,853 | -36.1% |
| Financial debts | 170/4 | €16,210 | €10,358 | -€5,853 | -36.1% |
| Amounts payable within one year | 42/48 | €115,058 | €123,869 | +€8,812 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,323 | €6,630 | +€1,307 | +24.6% |
| Trade debts | 44 | €6,378 | €3,487 | -€2,892 | -45.3% |
| Suppliers | 440/4 | €6,378 | €3,487 | -€2,892 | -45.3% |
| Taxes, remuneration and social security | 45 | €1,236 | €745 | -€491 | -39.7% |
| Taxes | 450/3 | €1,236 | €745 | -€491 | -39.7% |
| Other amounts payable | 47/48 | €102,120 | €113,008 | +€10,887 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,623 | €13,131 | +€508 | +4.0% |
| Other operating charges | 640/8 | €932 | €1,316 | +€384 | +41.2% |
| Gross operating margin | 9900 | €12,516 | -€9,726 | -€22,243 | |
| Operating profit (loss) | 9901 | -€1,038 | -€24,173 | -€23,135 | -2,229% |
| Financial income | 75/76B | €5 | €249 | +€244 | +4,889% |
| Recurring financial income | 75 | €5 | €249 | +€244 | +4,889% |
| Financial charges | 65/66B | €608 | €1,065 | +€457 | +75.1% |
| Recurring financial charges | 65 | €608 | €1,065 | +€457 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,641 | -€24,989 | -€23,347 | -1,423% |
| Income taxes | 67/77 | -€27 | - | +€27 | |
| Profit (loss) for the period | 9904 | -€1,614 | -€24,989 | -€23,375 | -1,448% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,614 | -€24,989 | -€23,375 | -1,448% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.