LAND-TEXCO: 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.
What changed
LAND-TEXCO
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,129
2024 · €30,418-€19,289
Equity
€642,694
2024 · €631,565+€11,129
Cash
€3,735
2024 · €5,189-€1,454
Balance sheet total
€976,325
2024 · €996,385-€20,060
Largest movements
Assets
- Tangible fixed assets -€12,434
down €12,434 (-2.5%), from €504,592 to €492,158
of which Land and buildings: -€22,650
Equity and liabilities
- Debts after one year -€56,873
down €56,873 (-31.4%), from €181,331 to €124,459
- Other debts +€26,615
up €26,615 (+65.5%), from €40,647 to €67,262
- Reserves +€12,473
up €12,473 (+2.3%), from €548,744 to €561,217
of which Distributable reserves: +€24,000
Income statement
- Gross operating margin -€25,391
down €25,391 (-39.2%), from €64,734 to €39,343
- Taxes -€7,633
down €7,633 (-51.0%), from €14,976 to €7,344
- Purchases and services -€6,750
no longer reported in 2025 (was €6,750)
- Other operating charges +€2,335
up €2,335 (+63.0%), from €3,705 to €6,039
- Financial charges -€1,018
down €1,018 (-11.5%), from €8,887 to €7,869
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.
Result 2024
€30,418
Gross operating margin
-€25,391
Depreciation
+€24
Other operating charges
-€2,335
Financial income
-€238
Financial charges
+€1,018
Taxes
+€7,633
Result 2025
€11,129
raises the resultlowers the result
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.
From operations
+€65,075
Investment
-€10,790
Financing
-€55,739
Cash 2024
€5,189
From operations (derived)
+€65,075
Net result for the year
+€11,129
Depreciation
+€23,224
Receivables after one year
+€9,500
Receivables within one year
-€3,314
Smaller working-capital items
+€108
Provisions
-€3,842
Tax, wage and social debts
-€835
Other debts
+€26,615
Accrued charges and deferred income
+€2,490
Investment (derived)
-€10,790
Investment in fixed assets (net)
-€10,790
Financing
-€55,739
Debts after one year
-€56,873
Current portion of long-term debt
+€1,134
Cash 2025
€3,735
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €996,385 | €976,325 | -€20,060 | -2.0% |
| Fixed assets | 21/28 | €504,592 | €492,158 | -€12,434 | -2.5% |
| Tangible fixed assets | 22/27 | €504,592 | €492,158 | -€12,434 | -2.5% |
| Land and buildings | 22 | €502,600 | €479,950 | -€22,650 | -4.5% |
| Plant, machinery and equipment | 23 | €1,992 | €12,208 | +€10,216 | +513% |
| Current assets | 29/58 | €491,793 | €484,167 | -€7,626 | -1.6% |
| Amounts receivable after more than one year | 29 | €257,760 | €248,260 | -€9,500 | -3.7% |
| Other amounts receivable | 291 | €257,760 | €248,260 | -€9,500 | -3.7% |
| Amounts receivable within one year | 40/41 | €227,208 | €230,522 | +€3,314 | +1.5% |
| Trade receivables | 40 | €19,934 | €20,752 | +€818 | +4.1% |
| Other amounts receivable | 41 | €207,274 | €209,770 | +€2,496 | +1.2% |
| Cash at bank and in hand | 54/58 | €5,189 | €3,735 | -€1,454 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,637 | €1,651 | +€14 | +0.8% |
| Total equity and liabilities | 10/49 | €996,385 | €976,325 | -€20,060 | -2.0% |
| Equity | 10/15 | €631,565 | €642,694 | +€11,129 | +1.8% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €548,744 | €561,217 | +€12,473 | +2.3% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,687 | €174,161 | -€11,527 | -6.2% |
| Distributable reserves | 133 | €355,000 | €379,000 | +€24,000 | +6.8% |
| Profit (loss) carried forward | 14 | €2,256 | €912 | -€1,344 | -59.6% |
| Provisions and deferred taxes | 16 | €61,896 | €58,054 | -€3,842 | -6.2% |
| Deferred taxes | 168 | €61,896 | €58,054 | -€3,842 | -6.2% |
| Amounts payable | 17/49 | €302,924 | €275,577 | -€27,347 | -9.0% |
| Amounts payable after more than one year | 17 | €181,331 | €124,459 | -€56,873 | -31.4% |
| Financial debts | 170/4 | €181,331 | €124,459 | -€56,873 | -31.4% |
| Amounts payable within one year | 42/48 | €114,401 | €141,437 | +€27,036 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €65,739 | €66,873 | +€1,134 | +1.7% |
| Trade debts | 44 | €109 | €230 | +€122 | +112% |
| Suppliers | 440/4 | €109 | €230 | +€122 | +112% |
| Taxes, remuneration and social security | 45 | €7,907 | €7,072 | -€835 | -10.6% |
| Taxes | 450/3 | €7,907 | €7,072 | -€835 | -10.6% |
| Other amounts payable | 47/48 | €40,647 | €67,262 | +€26,615 | +65.5% |
| Accrued charges and deferred income | 492/3 | €7,191 | €9,681 | +€2,490 | +34.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,750 | - | -€6,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,248 | €23,224 | -€24 | -0.1% |
| Other operating charges | 640/8 | €3,705 | €6,039 | +€2,335 | +63.0% |
| Gross operating margin | 9900 | €64,734 | €39,343 | -€25,391 | -39.2% |
| Operating profit (loss) | 9901 | €37,782 | €10,080 | -€27,702 | -73.3% |
| Financial income | 75/76B | €12,657 | €12,420 | -€238 | -1.9% |
| Recurring financial income | 75 | €12,657 | €12,420 | -€238 | -1.9% |
| Financial charges | 65/66B | €8,887 | €7,869 | -€1,018 | -11.5% |
| Recurring financial charges | 65 | €8,887 | €7,869 | -€1,018 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €41,553 | €14,630 | -€26,922 | -64.8% |
| Transfer from deferred taxes | 780 | €3,842 | €3,842 | = | 0.0% |
| Income taxes | 67/77 | €14,976 | €7,344 | -€7,633 | -51.0% |
| Profit (loss) for the period | 9904 | €30,418 | €11,129 | -€19,289 | -63.4% |
| Transfer from tax-exempt reserves | 789 | €11,527 | €11,527 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,945 | €22,656 | -€19,289 | -46.0% |
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 20 October 2026 via checked.be.