LAND 2: 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.
LAND 2
Largest movements
- Tangible fixed assets -€14,565
down €14,565 (-4.1%), from €351,037 to €336,472
of which Land and buildings: -€8,316
- Receivables within one year +€9,490
up €9,490 (+8.4%), from €113,239 to €122,729
of which Other amounts receivable: +€9,490
- Cash +€7,548
up €7,548 (+15.8%), from €47,679 to €55,226
mainly Depreciation (+€14,565) and Other debts (+€2,028)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€929
down €929 (-6.0%), from €15,493 to €14,565
- Gross operating margin +€660
up €660 (+2.6%), from €25,038 to €25,698
- Financial income -€537
down €537 (-52.3%), from €1,026 to €490
- Financial charges -€273
down €273 (-3.1%), from €8,834 to €8,561
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 | €516,592 | €519,370 | +€2,778 | +0.5% |
| Fixed assets | 21/28 | €351,037 | €336,472 | -€14,565 | -4.1% |
| Tangible fixed assets | 22/27 | €351,037 | €336,472 | -€14,565 | -4.1% |
| Land and buildings | 22 | €318,298 | €309,982 | -€8,316 | -2.6% |
| Plant, machinery and equipment | 23 | €32,739 | €26,490 | -€6,249 | -19.1% |
| Current assets | 29/58 | €165,555 | €182,898 | +€17,343 | +10.5% |
| Amounts receivable within one year | 40/41 | €113,239 | €122,729 | +€9,490 | +8.4% |
| Trade receivables | 40 | €28,652 | €28,652 | = | 0.0% |
| Other amounts receivable | 41 | €84,587 | €94,077 | +€9,490 | +11.2% |
| Cash at bank and in hand | 54/58 | €47,679 | €55,226 | +€7,548 | +15.8% |
| Deferred charges and accrued income | 490/1 | €4,638 | €4,943 | +€305 | +6.6% |
| Total equity and liabilities | 10/49 | €516,592 | €519,370 | +€2,778 | +0.5% |
| Equity | 10/15 | €390,022 | €390,722 | +€701 | +0.2% |
| Contributions | 10/11 | €176,187 | €176,187 | = | 0.0% |
| Reserves | 13 | €213,835 | €214,536 | +€701 | +0.3% |
| Non-distributable reserves | 130/1 | €17,619 | €17,619 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,619 | €17,619 | = | 0.0% |
| Distributable reserves | 133 | €196,216 | €196,917 | +€701 | +0.4% |
| Amounts payable | 17/49 | €126,570 | €128,647 | +€2,077 | +1.6% |
| Amounts payable within one year | 42/48 | €126,295 | €128,372 | +€2,077 | +1.6% |
| Trade debts | 44 | €387 | €446 | +€59 | +15.2% |
| Suppliers | 440/4 | €387 | €446 | +€59 | +15.2% |
| Taxes, remuneration and social security | 45 | €2,628 | €2,618 | -€10 | -0.4% |
| Taxes | 450/3 | €2,628 | €2,618 | -€10 | -0.4% |
| Other amounts payable | 47/48 | €123,280 | €125,308 | +€2,028 | +1.6% |
| Accrued charges and deferred income | 492/3 | €275 | €275 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,493 | €14,565 | -€929 | -6.0% |
| Other operating charges | 640/8 | €2,234 | €2,291 | +€57 | +2.5% |
| Gross operating margin | 9900 | €25,038 | €25,698 | +€660 | +2.6% |
| Operating profit (loss) | 9901 | €7,310 | €8,842 | +€1,532 | +21.0% |
| Financial income | 75/76B | €1,026 | €490 | -€537 | -52.3% |
| Recurring financial income | 75 | €1,026 | €490 | -€537 | -52.3% |
| Financial charges | 65/66B | €8,834 | €8,561 | -€273 | -3.1% |
| Recurring financial charges | 65 | €8,834 | €8,561 | -€273 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€498 | €771 | +€1,269 | |
| Income taxes | 67/77 | €0 | €70 | +€70 | |
| Profit (loss) for the period | 9904 | -€498 | €701 | +€1,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€498 | €701 | +€1,199 |
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 18 October 2026 via checked.be.