Gerard Van Landschoot: 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.
Gerard Van Landschoot
Largest movements
- Receivables within one year -€229,040
down €229,040 (-89.7%), from €255,385 to €26,345
of which Other amounts receivable: -€171,220
- Tangible fixed assets +€122,256
up €122,256 (+1,174%), from €10,416 to €132,672
of which Furniture and vehicles: +€123,862
- Cash +€15,443
up €15,443 (+67.1%), from €23,019 to €38,462
mainly Receivables within one year (+€229,040) and Debts after one year (+€110,879)
- Other debts -€160,500
no longer reported in 2025 (was €160,500)
- Debts after one year +€110,879
new in 2025: €110,879
- Trade debts -€44,072
down €44,072 (-54.9%), from €80,343 to €36,271
- Current portion of long-term debt +€28,103
new in 2025: €28,103
- Tax, wage and social debts -€12,492
down €12,492 (-90.6%), from €13,791 to €1,299
- Gross operating margin +€7,858
up €7,858 (+6.9%), from €114,280 to €122,138
- Depreciation +€5,976
up €5,976 (+372%), from €1,606 to €7,582
- Financial income -€5,276
down €5,276 (-71.0%), from €7,428 to €2,153
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 | €288,820 | €199,256 | -€89,564 | -31.0% |
| Fixed assets | 21/28 | €10,416 | €132,672 | +€122,256 | +1,174% |
| Tangible fixed assets | 22/27 | €10,416 | €132,672 | +€122,256 | +1,174% |
| Land and buildings | 22 | €10,416 | €8,811 | -€1,606 | -15.4% |
| Furniture and vehicles | 24 | - | €123,862 | +€123,862 | |
| Current assets | 29/58 | €278,404 | €66,584 | -€211,820 | -76.1% |
| Amounts receivable within one year | 40/41 | €255,385 | €26,345 | -€229,040 | -89.7% |
| Trade receivables | 40 | €57,820 | - | -€57,820 | |
| Other amounts receivable | 41 | €197,565 | €26,345 | -€171,220 | -86.7% |
| Cash at bank and in hand | 54/58 | €23,019 | €38,462 | +€15,443 | +67.1% |
| Deferred charges and accrued income | 490/1 | - | €1,776 | +€1,776 | |
| Total equity and liabilities | 10/49 | €288,820 | €199,256 | -€89,564 | -31.0% |
| Equity | 10/15 | €34,187 | €22,704 | -€11,482 | -33.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,187 | €19,704 | -€11,482 | -36.8% |
| Amounts payable | 17/49 | €254,634 | €176,552 | -€78,082 | -30.7% |
| Amounts payable after more than one year | 17 | - | €110,879 | +€110,879 | |
| Financial debts | 170/4 | - | €110,879 | +€110,879 | |
| Amounts payable within one year | 42/48 | €254,634 | €65,673 | -€188,961 | -74.2% |
| Current portion of amounts payable after more than one year | 42 | - | €28,103 | +€28,103 | |
| Trade debts | 44 | €80,343 | €36,271 | -€44,072 | -54.9% |
| Suppliers | 440/4 | €80,343 | €36,271 | -€44,072 | -54.9% |
| Taxes, remuneration and social security | 45 | €13,791 | €1,299 | -€12,492 | -90.6% |
| Taxes | 450/3 | €13,791 | €1,299 | -€12,492 | -90.6% |
| Other amounts payable | 47/48 | €160,500 | - | -€160,500 | |
| Non-recurring operating income | 76A | €1,394 | - | -€1,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €7,582 | +€5,976 | +372% |
| Other operating charges | 640/8 | €528 | €1,097 | +€569 | +108% |
| Gross operating margin | 9900 | €114,280 | €122,138 | +€7,858 | +6.9% |
| Operating profit (loss) | 9901 | €112,147 | €113,460 | +€1,313 | +1.2% |
| Financial income | 75/76B | €7,428 | €2,153 | -€5,276 | -71.0% |
| Recurring financial income | 75 | €7,428 | €2,153 | -€5,276 | -71.0% |
| Financial charges | 65/66B | €331 | €1,178 | +€847 | +256% |
| Recurring financial charges | 65 | €331 | €1,178 | +€847 | +256% |
| Profit (loss) for the period before taxes | 9903 | €119,244 | €114,434 | -€4,809 | -4.0% |
| Income taxes | 67/77 | €25,093 | €25,717 | +€624 | +2.5% |
| Profit (loss) for the period | 9904 | €94,151 | €88,718 | -€5,433 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,151 | €88,718 | -€5,433 | -5.8% |
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 29 October 2026 via checked.be.