DE LANDVAST: 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 LANDVAST
Largest movements
- Tangible fixed assets -€418,613
down €418,613 (-44.8%), from €933,613 to €515,000
- Receivables within one year +€307,016
up €307,016 (+274,661%), from €112 to €307,128
- Revaluation surpluses +€177,536
new in 2026: €177,536
- Other debts -€177,182
no longer reported in 2026 (was €177,182)
- Debts after one year -€155,723
down €155,723 (-56.0%), from €278,219 to €122,496
- Tax, wage and social debts +€66,448
new in 2026: €66,448
- Profit (loss) carried forward +€35,322
up €35,322 (+33.8%), from €104,397 to €139,719
- Gross operating margin +€244,602
up €244,602 (+1,278%), from €19,146 to €263,748
- Taxes +€66,533
up €66,533, from -€43 to €66,490
- Depreciation -€21,360
down €21,360 (-30.7%), from €69,472 to €48,111
- Financial charges +€4,543
up €4,543 (+122%), from €3,715 to €8,258
- Financial income +€4,251
up €4,251 (+911%), from €467 to €4,718
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €937,706 | €825,604 | -€112,102 | -12.0% |
| Fixed assets | 21/28 | €933,613 | €515,000 | -€418,613 | -44.8% |
| Tangible fixed assets | 22/27 | €933,613 | €515,000 | -€418,613 | -44.8% |
| Land and buildings | 22 | €933,613 | €515,000 | -€418,613 | -44.8% |
| Current assets | 29/58 | €4,093 | €310,604 | +€306,511 | +7,489% |
| Amounts receivable within one year | 40/41 | €112 | €307,128 | +€307,016 | +274,661% |
| Other amounts receivable | 41 | €112 | €307,128 | +€307,016 | +274,661% |
| Cash at bank and in hand | 54/58 | €3,981 | €3,476 | -€505 | -12.7% |
| Total equity and liabilities | 10/49 | €937,706 | €825,604 | -€112,102 | -12.0% |
| Equity | 10/15 | €437,756 | €617,255 | +€179,499 | +41.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €177,536 | +€177,536 | |
| Reserves | 13 | €33,359 | - | -€33,359 | |
| Tax-exempt reserves | 132 | €33,359 | - | -€33,359 | |
| Profit (loss) carried forward | 14 | €104,397 | €139,719 | +€35,322 | +33.8% |
| Provisions and deferred taxes | 16 | €11,120 | - | -€11,120 | |
| Deferred taxes | 168 | €11,120 | - | -€11,120 | |
| Amounts payable | 17/49 | €488,830 | €208,349 | -€280,481 | -57.4% |
| Amounts payable after more than one year | 17 | €278,219 | €122,496 | -€155,723 | -56.0% |
| Financial debts | 170/4 | €278,219 | €122,496 | -€155,723 | -56.0% |
| Amounts payable within one year | 42/48 | €209,904 | €85,853 | -€124,051 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €32,385 | €14,466 | -€17,919 | -55.3% |
| Trade debts | 44 | €338 | €4,940 | +€4,602 | +1,363% |
| Suppliers | 440/4 | €338 | €4,940 | +€4,602 | +1,363% |
| Taxes, remuneration and social security | 45 | - | €66,448 | +€66,448 | |
| Taxes | 450/3 | - | €66,448 | +€66,448 | |
| Other amounts payable | 47/48 | €177,182 | - | -€177,182 | |
| Accrued charges and deferred income | 492/3 | €707 | - | -€707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,472 | €48,111 | -€21,360 | -30.7% |
| Other operating charges | 640/8 | €2,396 | €4,762 | +€2,367 | +98.8% |
| Gross operating margin | 9900 | €19,146 | €263,748 | +€244,602 | +1,278% |
| Operating profit (loss) | 9901 | -€52,722 | €210,874 | +€263,596 | |
| Financial income | 75/76B | €467 | €4,718 | +€4,251 | +911% |
| Recurring financial income | 75 | €467 | €4,718 | +€4,251 | +911% |
| Financial charges | 65/66B | €3,715 | €8,258 | +€4,543 | +122% |
| Recurring financial charges | 65 | €3,715 | €8,258 | +€4,543 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€55,970 | €207,334 | +€263,304 | |
| Transfer from deferred taxes | 780 | €26,732 | €11,120 | -€15,613 | -58.4% |
| Income taxes | 67/77 | -€43 | €66,490 | +€66,533 | |
| Profit (loss) for the period | 9904 | -€29,196 | €151,963 | +€181,158 | |
| Transfer from tax-exempt reserves | 789 | €80,196 | €33,359 | -€46,837 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,000 | €185,322 | +€134,321 | +263% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.