Land Development Company: what changed
What changed
Land Development Company
filed annual accounts (NBB)
Net result for the year
-€26,269
2024 · -€2.3m+€2.2m
Equity
€2.8m
2024 · €2.9m-€26,269
Cash
€967,460
2024 · €980,233-€12,773
Balance sheet total
€3.0m
2024 · €3.0m-€12,178
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Write-downs -€2.3m
down €2.3m (-100%), from €2.3m to €0
- Financial income -€41,315
down €41,315 (-95.4%), from €43,298 to €1,983
- Gross operating margin -€17,389
down €17,389 (-652%), from -€2,669 to -€20,058
- Other operating charges +€790
up €790 (+13.8%), from €5,725 to €6,516
- Taxes -€339
down €339 (-100%), from €339 to €0
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.
Result 2024
-€2.3m
Gross operating margin
-€17,389
Write-downs
+€2.3m
Other operating charges
-€790
Financial income
-€41,315
Financial charges
-€212
Taxes
+€339
Result 2025
-€26,269
raises the resultlowers the result
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.
From operations
-€12,773
Investment
€0
Financing
€0
Cash 2024
€980,233
From operations (derived)
-€12,773
Net result for the year
-€26,269
Receivables within one year
-€595
Trade debts
+€10,045
Accrued charges and deferred income
+€4,046
Cash 2025
€967,460
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,989,354 | €2,977,176 | -€12,178 | -0.4% |
| Current assets | 29/58 | €2,989,354 | €2,977,176 | -€12,178 | -0.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,902,702 | €1,902,702 | = | 0.0% |
| Stocks | 30/36 | €1,902,702 | €1,902,702 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €595 | +€595 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €595 | +€595 | |
| Current investments | 50/53 | €106,419 | €106,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €980,233 | €967,460 | -€12,773 | -1.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,989,354 | €2,977,176 | -€12,178 | -0.4% |
| Equity | 10/15 | €2,851,411 | €2,825,142 | -€26,269 | -0.9% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €2,231,411 | €2,205,142 | -€26,269 | -1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,231,411 | €2,205,142 | -€26,269 | -1.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €137,942 | €152,034 | +€14,091 | +10.2% |
| Amounts payable within one year | 42/48 | €137,942 | €147,988 | +€10,045 | +7.3% |
| Trade debts | 44 | €868 | €10,913 | +€10,045 | +1,157% |
| Suppliers | 440/4 | €868 | €10,913 | +€10,045 | +1,157% |
| Taxes, remuneration and social security | 45 | €137,074 | €137,074 | = | 0.0% |
| Taxes | 450/3 | €137,074 | €137,074 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,046 | +€4,046 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,300,000 | €0 | -€2.3m | -100% |
| Other operating charges | 640/8 | €5,725 | €6,516 | +€790 | +13.8% |
| Gross operating margin | 9900 | -€2,669 | -€20,058 | -€17,389 | -652% |
| Operating profit (loss) | 9901 | -€2,308,394 | -€26,573 | +€2.3m | +98.8% |
| Financial income | 75/76B | €43,298 | €1,983 | -€41,315 | -95.4% |
| Recurring financial income | 75 | €43,298 | €1,983 | -€41,315 | -95.4% |
| Financial charges | 65/66B | €1,467 | €1,679 | +€212 | +14.4% |
| Recurring financial charges | 65 | €1,467 | €1,679 | +€212 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,266,563 | -€26,269 | +€2.2m | +98.8% |
| Income taxes | 67/77 | €339 | €0 | -€339 | -100% |
| Profit (loss) for the period | 9904 | -€2,266,903 | -€26,269 | +€2.2m | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,266,903 | -€26,269 | +€2.2m | +98.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.