LAND-EXPERT: 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-EXPERT
Largest movements
- Receivables within one year -€18,356
down €18,356 (-34.8%), from €52,797 to €34,441
of which Trade receivables: -€20,856
- Cash -€4,746
down €4,746 (-94.8%), from €5,008 to €261
mainly Net result for the year (-€16,368) and Debts after one year (-€11,658)
- Tangible fixed assets -€4,374
down €4,374 (-3.1%), from €141,062 to €136,688
of which Land and buildings: -€6,474
- Profit (loss) carried forward -€16,368
down €16,368, from €14,353 to -€2,015
- Trade debts +€12,698
up €12,698 (+55.0%), from €23,085 to €35,783
- Debts after one year -€11,658
down €11,658 (-9.8%), from €118,697 to €107,039
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tax, wage and social debts -€2,118
down €2,118 (-55.3%), from €3,831 to €1,713
- Gross operating margin -€26,653
down €26,653, from €25,293 to -€1,359
- Financial income -€4,055
down €4,055 (-88.2%), from €4,600 to €545
- Taxes -€2,758
down €2,758 (-100%), from €2,758 to €0
- Financial charges +€542
up €542 (+14.8%), from €3,657 to €4,200
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 | €201,412 | €174,178 | -€27,234 | -13.5% |
| Fixed assets | 21/28 | €141,062 | €136,688 | -€4,374 | -3.1% |
| Tangible fixed assets | 22/27 | €141,062 | €136,688 | -€4,374 | -3.1% |
| Land and buildings | 22 | €136,088 | €129,614 | -€6,474 | -4.8% |
| Plant, machinery and equipment | 23 | €4,974 | €7,074 | +€2,100 | +42.2% |
| Current assets | 29/58 | €60,350 | €37,490 | -€22,860 | -37.9% |
| Amounts receivable within one year | 40/41 | €52,797 | €34,441 | -€18,356 | -34.8% |
| Trade receivables | 40 | €52,797 | €31,941 | -€20,856 | -39.5% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €5,008 | €261 | -€4,746 | -94.8% |
| Deferred charges and accrued income | 490/1 | €2,545 | €2,787 | +€242 | +9.5% |
| Total equity and liabilities | 10/49 | €201,412 | €174,178 | -€27,234 | -13.5% |
| Equity | 10/15 | €34,353 | €17,985 | -€16,368 | -47.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,353 | -€2,015 | -€16,368 | |
| Amounts payable | 17/49 | €167,059 | €156,193 | -€10,866 | -6.5% |
| Amounts payable after more than one year | 17 | €118,697 | €107,039 | -€11,658 | -9.8% |
| Financial debts | 170/4 | €118,697 | €107,039 | -€11,658 | -9.8% |
| Amounts payable within one year | 42/48 | €48,362 | €49,153 | +€791 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €11,446 | €11,658 | +€211 | +1.8% |
| Trade debts | 44 | €23,085 | €35,783 | +€12,698 | +55.0% |
| Suppliers | 440/4 | €23,085 | €35,783 | +€12,698 | +55.0% |
| Taxes, remuneration and social security | 45 | €3,831 | €1,713 | -€2,118 | -55.3% |
| Taxes | 450/3 | €3,831 | €1,713 | -€2,118 | -55.3% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,496 | €9,518 | +€22 | +0.2% |
| Other operating charges | 640/8 | €2,058 | €1,835 | -€223 | -10.8% |
| Gross operating margin | 9900 | €25,293 | -€1,359 | -€26,653 | |
| Operating profit (loss) | 9901 | €13,739 | -€12,713 | -€26,452 | |
| Financial income | 75/76B | €4,600 | €545 | -€4,055 | -88.2% |
| Recurring financial income | 75 | €4,600 | €545 | -€4,055 | -88.2% |
| Financial charges | 65/66B | €3,657 | €4,200 | +€542 | +14.8% |
| Recurring financial charges | 65 | €3,657 | €4,200 | +€542 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €14,682 | -€16,368 | -€31,050 | |
| Income taxes | 67/77 | €2,758 | €0 | -€2,758 | -100% |
| Profit (loss) for the period | 9904 | €11,923 | -€16,368 | -€28,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,923 | -€16,368 | -€28,291 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.