K-Landas: 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.
K-Landas
Largest movements
- Cash +€104,317
up €104,317 (+102%), from €102,394 to €206,712
mainly Net result for the year (+€171,996) and Receivables within one year (+€26,458)
- Receivables after one year +€46,912
new in 2025: €46,912
- Receivables within one year -€26,458
down €26,458 (-17.3%), from €153,233 to €126,775
of which Trade receivables: -€20,705
- Deferred charges and accrued income +€16,572
up €16,572 (+59.4%), from €27,912 to €44,484
- Reserves +€171,000
up €171,000 (+201%), from €85,000 to €256,000
- Trade debts -€25,432
down €25,432 (-24.9%), from €101,991 to €76,559
- Tax, wage and social debts -€10,943
down €10,943 (-21.2%), from €51,528 to €40,585
- Provisions +€5,570
up €5,570 (+19.3%), from €28,914 to €34,484
- Gross operating margin +€97,373
up €97,373 (+50.5%), from €192,891 to €290,263
- Financial charges -€55,782
down €55,782 (-63.8%), from €87,386 to €31,604
- Provisions +€42,054
up €42,054, from -€36,484 to €5,570
- Taxes +€26,407
up €26,407 (+46.6%), from €56,679 to €83,086
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 | €286,219 | €426,582 | +€140,363 | +49.0% |
| Fixed assets | 21/28 | €2,680 | €1,700 | -€980 | -36.6% |
| Tangible fixed assets | 22/27 | €2,680 | €1,700 | -€980 | -36.6% |
| Furniture and vehicles | 24 | €1,541 | €846 | -€696 | -45.1% |
| Other tangible fixed assets | 26 | €1,139 | €854 | -€285 | -25.0% |
| Current assets | 29/58 | €283,539 | €424,882 | +€141,343 | +49.8% |
| Amounts receivable after more than one year | 29 | - | €46,912 | +€46,912 | |
| Other amounts receivable | 291 | - | €46,912 | +€46,912 | |
| Amounts receivable within one year | 40/41 | €153,233 | €126,775 | -€26,458 | -17.3% |
| Trade receivables | 40 | €107,769 | €87,064 | -€20,705 | -19.2% |
| Other amounts receivable | 41 | €45,464 | €39,712 | -€5,753 | -12.7% |
| Cash at bank and in hand | 54/58 | €102,394 | €206,712 | +€104,317 | +102% |
| Deferred charges and accrued income | 490/1 | €27,912 | €44,484 | +€16,572 | +59.4% |
| Total equity and liabilities | 10/49 | €286,219 | €426,582 | +€140,363 | +49.0% |
| Equity | 10/15 | €102,959 | €274,954 | +€171,996 | +167% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,000 | €256,000 | +€171,000 | +201% |
| Distributable reserves | 133 | €85,000 | €256,000 | +€171,000 | +201% |
| Profit (loss) carried forward | 14 | €11,759 | €12,754 | +€996 | +8.5% |
| Provisions and deferred taxes | 16 | €28,914 | €34,484 | +€5,570 | +19.3% |
| Provisions for liabilities and charges | 160/5 | €28,914 | €34,484 | +€5,570 | +19.3% |
| Other liabilities and charges | 164/5 | €28,914 | €34,484 | +€5,570 | +19.3% |
| Amounts payable | 17/49 | €154,346 | €117,143 | -€37,202 | -24.1% |
| Amounts payable within one year | 42/48 | €154,346 | €117,143 | -€37,202 | -24.1% |
| Financial debts | 43 | €827 | - | -€827 | |
| Credit institutions | 430/8 | €827 | - | -€827 | |
| Trade debts | 44 | €101,991 | €76,559 | -€25,432 | -24.9% |
| Suppliers | 440/4 | €101,991 | €76,559 | -€25,432 | -24.9% |
| Taxes, remuneration and social security | 45 | €51,528 | €40,585 | -€10,943 | -21.2% |
| Taxes | 450/3 | €51,528 | €40,585 | -€10,943 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €980 | +€299 | +44.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€36,484 | €5,570 | +€42,054 | |
| Other operating charges | 640/8 | €476 | €441 | -€35 | -7.3% |
| Gross operating margin | 9900 | €192,891 | €290,263 | +€97,373 | +50.5% |
| Operating profit (loss) | 9901 | €228,217 | €283,272 | +€55,054 | +24.1% |
| Financial income | 75/76B | €2,279 | €3,414 | +€1,135 | +49.8% |
| Recurring financial income | 75 | €2,279 | €3,414 | +€1,135 | +49.8% |
| Financial charges | 65/66B | €87,386 | €31,604 | -€55,782 | -63.8% |
| Recurring financial charges | 65 | €87,386 | €31,604 | -€55,782 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €143,110 | €255,081 | +€111,971 | +78.2% |
| Income taxes | 67/77 | €56,679 | €83,086 | +€26,407 | +46.6% |
| Profit (loss) for the period | 9904 | €86,431 | €171,996 | +€85,565 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,431 | €171,996 | +€85,565 | +99.0% |
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.