DE LANDTSHEER: what changed
DE LANDTSHEER
Largest movements
- Cash +€21,288
up €21,288 (+17.8%), from €119,279 to €140,567
mainly Depreciation (+€13,057) and Receivables within one year (+€8,048)
- Tangible fixed assets -€13,057
down €13,057 (-28.4%), from €46,015 to €32,958
of which Furniture and vehicles: -€10,191
- Receivables within one year -€8,048
down €8,048 (-75.4%), from €10,673 to €2,624
- Trade debts +€3,346
up €3,346 (+590%), from €567 to €3,913
- Reserves -€2,561
down €2,561 (-2.3%), from €112,165 to €109,605
of which Distributable reserves: -€2,561
- Gross operating margin +€204
up €204 (+1.6%), from €12,936 to €13,141
- Depreciation +€180
up €180 (+1.4%), from €12,877 to €13,057
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,417 | €177,690 | +€273 | +0.2% |
| Fixed assets | 21/28 | €46,015 | €32,958 | -€13,057 | -28.4% |
| Tangible fixed assets | 22/27 | €46,015 | €32,958 | -€13,057 | -28.4% |
| Land and buildings | 22 | €10,014 | €7,510 | -€2,503 | -25.0% |
| Plant, machinery and equipment | 23 | €904 | €542 | -€362 | -40.0% |
| Furniture and vehicles | 24 | €35,097 | €24,906 | -€10,191 | -29.0% |
| Current assets | 29/58 | €131,402 | €144,732 | +€13,330 | +10.1% |
| Amounts receivable within one year | 40/41 | €10,673 | €2,624 | -€8,048 | -75.4% |
| Trade receivables | 40 | €10,673 | €2,624 | -€8,048 | -75.4% |
| Cash at bank and in hand | 54/58 | €119,279 | €140,567 | +€21,288 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,540 | +€90 | +6.2% |
| Total equity and liabilities | 10/49 | €177,417 | €177,690 | +€273 | +0.2% |
| Equity | 10/15 | €161,744 | €159,184 | -€2,561 | -1.6% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €112,165 | €109,605 | -€2,561 | -2.3% |
| Tax-exempt reserves | 132 | €2,547 | €2,547 | = | 0.0% |
| Distributable reserves | 133 | €109,619 | €107,058 | -€2,561 | -2.3% |
| Amounts payable | 17/49 | €15,673 | €18,506 | +€2,833 | +18.1% |
| Amounts payable within one year | 42/48 | €15,673 | €18,506 | +€2,833 | +18.1% |
| Trade debts | 44 | €567 | €3,913 | +€3,346 | +590% |
| Suppliers | 440/4 | €567 | €3,913 | +€3,346 | +590% |
| Taxes, remuneration and social security | 45 | €11,535 | €11,023 | -€512 | -4.4% |
| Taxes | 450/3 | €11,535 | €11,023 | -€512 | -4.4% |
| Other amounts payable | 47/48 | €3,571 | €3,571 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,877 | €13,057 | +€180 | +1.4% |
| Other operating charges | 640/8 | €1,161 | €1,135 | -€26 | -2.2% |
| Gross operating margin | 9900 | €12,936 | €13,141 | +€204 | +1.6% |
| Operating profit (loss) | 9901 | -€1,102 | -€1,052 | +€50 | +4.5% |
| Financial charges | 65/66B | €36 | €36 | = | 0.0% |
| Recurring financial charges | 65 | €36 | €36 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,138 | -€1,088 | +€50 | +4.4% |
| Income taxes | 67/77 | €1,411 | €1,473 | +€62 | +4.4% |
| Profit (loss) for the period | 9904 | -€2,549 | -€2,561 | -€12 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,549 | -€2,561 | -€12 | -0.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.