LANDAP: 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.
LANDAP
Largest movements
- Cash -€22,219
down €22,219 (-62.7%), from €35,456 to €13,238
mainly Net result for the year (-€15,512) and Receivables within one year (-€5,589)
- Receivables within one year +€5,589
up €5,589 (+4,579%), from €122 to €5,711
of which Trade receivables: +€5,711
- Deferred charges and accrued income -€2,088
down €2,088 (-61.6%), from €3,392 to €1,304
- Intangible fixed assets -€1,054
down €1,054 (-20.5%), from €5,129 to €4,075
- Profit (loss) carried forward -€15,512
down €15,512 (-58.5%), from €26,518 to €11,007
- Tax, wage and social debts -€5,392
down €5,392 (-33.3%), from €16,178 to €10,786
- Other debts +€1,156
new in 2025: €1,156
- Accrued charges and deferred income -€772
no longer reported in 2025 (was €772)
- Trade debts +€475
up €475 (+2,809%), from €17 to €492
- Gross operating margin -€49,743
down €49,743, from €35,601 to -€14,142
- Other operating charges -€8,713
no longer reported in 2025 (was €8,713)
- Depreciation +€1,654
up €1,654 (+415%), from €398 to €2,053
- Taxes -€609
new in 2025: -€609
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 | €45,985 | €25,940 | -€20,045 | -43.6% |
| Formation expenses | 20 | €1,274 | €849 | -€425 | -33.3% |
| Fixed assets | 21/28 | €5,740 | €4,837 | -€903 | -15.7% |
| Intangible fixed assets | 21 | €5,129 | €4,075 | -€1,054 | -20.5% |
| Tangible fixed assets | 22/27 | €611 | €762 | +€151 | +24.7% |
| Furniture and vehicles | 24 | €611 | €762 | +€151 | +24.7% |
| Current assets | 29/58 | €38,971 | €20,253 | -€18,717 | -48.0% |
| Amounts receivable within one year | 40/41 | €122 | €5,711 | +€5,589 | +4,579% |
| Trade receivables | 40 | - | €5,711 | +€5,711 | |
| Other amounts receivable | 41 | €122 | - | -€122 | |
| Cash at bank and in hand | 54/58 | €35,456 | €13,238 | -€22,219 | -62.7% |
| Deferred charges and accrued income | 490/1 | €3,392 | €1,304 | -€2,088 | -61.6% |
| Total equity and liabilities | 10/49 | €45,985 | €25,940 | -€20,045 | -43.6% |
| Equity | 10/15 | €29,018 | €13,507 | -€15,512 | -53.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,518 | €11,007 | -€15,512 | -58.5% |
| Amounts payable | 17/49 | €16,967 | €12,434 | -€4,533 | -26.7% |
| Amounts payable within one year | 42/48 | €16,195 | €12,434 | -€3,762 | -23.2% |
| Trade debts | 44 | €17 | €492 | +€475 | +2,809% |
| Suppliers | 440/4 | €17 | €492 | +€475 | +2,809% |
| Taxes, remuneration and social security | 45 | €16,178 | €10,786 | -€5,392 | -33.3% |
| Taxes | 450/3 | €16,178 | €10,786 | -€5,392 | -33.3% |
| Other amounts payable | 47/48 | - | €1,156 | +€1,156 | |
| Accrued charges and deferred income | 492/3 | €772 | - | -€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €2,053 | +€1,654 | +415% |
| Other operating charges | 640/8 | €8,713 | - | -€8,713 | |
| Gross operating margin | 9900 | €35,601 | -€14,142 | -€49,743 | |
| Operating profit (loss) | 9901 | €26,489 | -€16,195 | -€42,684 | |
| Financial income | 75/76B | €55 | €167 | +€112 | +203% |
| Recurring financial income | 75 | €55 | €167 | +€112 | +203% |
| Financial charges | 65/66B | €26 | €93 | +€67 | +258% |
| Recurring financial charges | 65 | €26 | €93 | +€67 | +258% |
| Profit (loss) for the period before taxes | 9903 | €26,518 | -€16,121 | -€42,639 | |
| Income taxes | 67/77 | - | -€609 | -€609 | |
| Profit (loss) for the period | 9904 | €26,518 | -€15,512 | -€42,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,518 | -€15,512 | -€42,030 |
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 13 October 2026 via checked.be.