LAND9: 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.
LAND9
Largest movements
- Cash +€42,929
up €42,929 (+60.8%), from €70,560 to €113,488
mainly Net result for the year (+€56,557) and Depreciation (+€20,833)
- Tangible fixed assets +€41,284
up €41,284 (+14.7%), from €280,237 to €321,520
of which Land and buildings: +€32,107
- Receivables within one year -€4,790
down €4,790 (-49.4%), from €9,695 to €4,906
of which Trade receivables: -€6,090
- Reserves +€39,603
up €39,603 (+53.3%), from €74,250 to €113,853
of which Distributable reserves: +€39,603
- Other debts +€19,209
up €19,209 (+12.8%), from €149,567 to €168,776
- Profit (loss) carried forward +€16,954
up €16,954, from -€16,954 to €0
- Trade debts +€12,896
up €12,896 (+32.7%), from €39,425 to €52,321
- Tax, wage and social debts -€7,608
down €7,608 (-25.5%), from €29,807 to €22,199
of which Taxes: -€12,822
- Gross operating margin +€15,468
up €15,468 (+10.6%), from €146,267 to €161,736
- Taxes +€13,929
up €13,929 (+206%), from €6,770 to €20,699
- Other operating charges -€4,761
down €4,761 (-92.0%), from €5,174 to €414
- Depreciation +€3,919
up €3,919 (+23.2%), from €16,914 to €20,833
- Financial charges -€1,945
down €1,945 (-57.6%), from €3,373 to €1,429
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 | €360,997 | €442,371 | +€81,374 | +22.5% |
| Fixed assets | 21/28 | €280,237 | €321,520 | +€41,284 | +14.7% |
| Tangible fixed assets | 22/27 | €280,237 | €321,520 | +€41,284 | +14.7% |
| Land and buildings | 22 | €264,747 | €296,854 | +€32,107 | +12.1% |
| Plant, machinery and equipment | 23 | - | €13,227 | +€13,227 | |
| Furniture and vehicles | 24 | €14,240 | €10,607 | -€3,633 | -25.5% |
| Other tangible fixed assets | 26 | €1,250 | €833 | -€416 | -33.3% |
| Current assets | 29/58 | €80,760 | €120,851 | +€40,091 | +49.6% |
| Amounts receivable within one year | 40/41 | €9,695 | €4,906 | -€4,790 | -49.4% |
| Trade receivables | 40 | €9,695 | €3,605 | -€6,090 | -62.8% |
| Other amounts receivable | 41 | €0 | €1,301 | +€1,301 | |
| Cash at bank and in hand | 54/58 | €70,560 | €113,488 | +€42,929 | +60.8% |
| Deferred charges and accrued income | 490/1 | €505 | €2,457 | +€1,952 | +386% |
| Total equity and liabilities | 10/49 | €360,997 | €442,371 | +€81,374 | +22.5% |
| Equity | 10/15 | €75,896 | €132,453 | +€56,557 | +74.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,250 | €113,853 | +€39,603 | +53.3% |
| Tax-exempt reserves | 132 | €74,250 | €74,250 | = | 0.0% |
| Distributable reserves | 133 | - | €39,603 | +€39,603 | |
| Profit (loss) carried forward | 14 | -€16,954 | €0 | +€16,954 | |
| Provisions and deferred taxes | 16 | €65,631 | €65,631 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,881 | €40,881 | = | 0.0% |
| Pensions and similar obligations | 160 | €40,881 | €40,881 | = | 0.0% |
| Deferred taxes | 168 | €24,750 | €24,750 | = | 0.0% |
| Amounts payable | 17/49 | €219,470 | €244,287 | +€24,817 | +11.3% |
| Amounts payable within one year | 42/48 | €218,798 | €243,295 | +€24,497 | +11.2% |
| Trade debts | 44 | €39,425 | €52,321 | +€12,896 | +32.7% |
| Suppliers | 440/4 | €39,425 | €52,321 | +€12,896 | +32.7% |
| Taxes, remuneration and social security | 45 | €29,807 | €22,199 | -€7,608 | -25.5% |
| Taxes | 450/3 | €23,041 | €10,219 | -€12,822 | -55.6% |
| Remuneration and social security | 454/9 | €6,766 | €11,980 | +€5,214 | +77.1% |
| Other amounts payable | 47/48 | €149,567 | €168,776 | +€19,209 | +12.8% |
| Accrued charges and deferred income | 492/3 | €672 | €992 | +€320 | +47.6% |
| Remuneration, social security and pensions | 62 | €60,318 | €61,804 | +€1,486 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,914 | €20,833 | +€3,919 | +23.2% |
| Other operating charges | 640/8 | €5,174 | €414 | -€4,761 | -92.0% |
| Gross operating margin | 9900 | €146,267 | €161,736 | +€15,468 | +10.6% |
| Operating profit (loss) | 9901 | €63,861 | €78,685 | +€14,824 | +23.2% |
| Financial income | 75/76B | €1,358 | €0 | -€1,358 | -100% |
| Recurring financial income | 75 | €1,358 | €0 | -€1,358 | -100% |
| Financial charges | 65/66B | €3,373 | €1,429 | -€1,945 | -57.6% |
| Recurring financial charges | 65 | €3,373 | €1,429 | -€1,945 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €61,846 | €77,256 | +€15,411 | +24.9% |
| Income taxes | 67/77 | €6,770 | €20,699 | +€13,929 | +206% |
| Profit (loss) for the period | 9904 | €55,075 | €56,557 | +€1,482 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,075 | €56,557 | +€1,482 | +2.7% |
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 15 October 2026 via checked.be.