LANDCOM: 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.
LANDCOM
Largest movements
- Receivables within one year -€28,675
down €28,675 (-66.7%), from €42,989 to €14,314
of which Other amounts receivable: -€28,570
- Current investments +€25,000
new in 2025: €25,000
- Cash -€25,000
down €25,000 (-82.9%), from €30,163 to €5,163
mainly Net result for the year (-€81,437) and Current investments (-€25,000)
- Deferred charges and accrued income -€8,355
down €8,355 (-35.5%), from €23,508 to €15,152
- Tangible fixed assets -€4,022
down €4,022 (-11.9%), from €33,829 to €29,807
of which Furniture and vehicles: -€2,245
- Reserves -€67,988
no longer reported in 2025 (was €67,988)
of which Distributable reserves: -€56,772
- Debts after one year +€31,221
up €31,221 (+15.2%), from €204,910 to €236,131
- Short-term financial debts +€18,412
new in 2025: €18,412
- Other debts -€17,446
no longer reported in 2025 (was €17,446)
- Profit (loss) carried forward -€13,449
down €13,449 (-9.9%), from -€135,779 to -€149,228
- Gross operating margin +€54,894
up €54,894 (+44.2%), from -€124,282 to -€69,387
- Financial charges -€4,072
down €4,072 (-73.2%), from €5,564 to €1,493
of which Financial charges: -€3,152
- Financial income -€2,753
down €2,753 (-80.6%), from €3,415 to €662
of which Non-recurring financial income: -€3,414
- Depreciation +€2,629
up €2,629 (+42.0%), from €6,252 to €8,881
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.
Cash bridge derived
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 | €177,744 | €133,258 | -€44,486 | -25.0% |
| Fixed assets | 21/28 | €81,085 | €73,629 | -€7,456 | -9.2% |
| Intangible fixed assets | 21 | €32,555 | €29,122 | -€3,434 | -10.5% |
| Tangible fixed assets | 22/27 | €33,829 | €29,807 | -€4,022 | -11.9% |
| Plant, machinery and equipment | 23 | €1,083 | €803 | -€280 | -25.9% |
| Furniture and vehicles | 24 | €23,253 | €21,008 | -€2,245 | -9.7% |
| Other tangible fixed assets | 26 | €9,493 | €7,997 | -€1,497 | -15.8% |
| Financial fixed assets | 28 | €14,700 | €14,700 | = | 0.0% |
| Current assets | 29/58 | €96,659 | €59,629 | -€37,030 | -38.3% |
| Amounts receivable within one year | 40/41 | €42,989 | €14,314 | -€28,675 | -66.7% |
| Trade receivables | 40 | €14,418 | €14,314 | -€104 | -0.7% |
| Other amounts receivable | 41 | €28,570 | - | -€28,570 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €30,163 | €5,163 | -€25,000 | -82.9% |
| Deferred charges and accrued income | 490/1 | €23,508 | €15,152 | -€8,355 | -35.5% |
| Total equity and liabilities | 10/49 | €177,744 | €133,258 | -€44,486 | -25.0% |
| Equity | 10/15 | -€66,791 | -€148,228 | -€81,437 | -121.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,988 | - | -€67,988 | |
| Tax-exempt reserves | 132 | €11,216 | - | -€11,216 | |
| Distributable reserves | 133 | €56,772 | - | -€56,772 | |
| Profit (loss) carried forward | 14 | -€135,779 | -€149,228 | -€13,449 | -9.9% |
| Amounts payable | 17/49 | €244,535 | €281,486 | +€36,951 | +15.1% |
| Amounts payable after more than one year | 17 | €204,910 | €236,131 | +€31,221 | +15.2% |
| Other amounts payable | 178/9 | €204,910 | €236,131 | +€31,221 | +15.2% |
| Amounts payable within one year | 42/48 | €37,399 | €41,098 | +€3,699 | +9.9% |
| Financial debts | 43 | - | €18,412 | +€18,412 | |
| Credit institutions | 430/8 | - | €18,412 | +€18,412 | |
| Trade debts | 44 | €8,221 | €17,685 | +€9,464 | +115.1% |
| Suppliers | 440/4 | €8,221 | €17,685 | +€9,464 | +115.1% |
| Taxes, remuneration and social security | 45 | €11,732 | €5,001 | -€6,731 | -57.4% |
| Taxes | 450/3 | €11,732 | €5,001 | -€6,731 | -57.4% |
| Other amounts payable | 47/48 | €17,446 | - | -€17,446 | |
| Accrued charges and deferred income | 492/3 | €2,226 | €4,257 | +€2,031 | +91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,252 | €8,881 | +€2,629 | +42.0% |
| Other operating charges | 640/8 | €2,837 | €1,891 | -€945 | -33.3% |
| Gross operating margin | 9900 | -€124,282 | -€69,387 | +€54,894 | +44.2% |
| Operating profit (loss) | 9901 | -€133,371 | -€80,160 | +€53,211 | +39.9% |
| Financial income | 75/76B | €3,415 | €662 | -€2,753 | -80.6% |
| Recurring financial income | 75 | €0 | €662 | +€662 | +174092.1% |
| Non-recurring financial income | 76B | €3,414 | - | -€3,414 | |
| Financial charges | 65/66B | €5,564 | €1,493 | -€4,072 | -73.2% |
| Recurring financial charges | 65 | €4,644 | €1,493 | -€3,152 | -67.9% |
| Non-recurring financial charges | 66B | €920 | - | -€920 | |
| Profit (loss) for the period before taxes | 9903 | -€135,520 | -€80,990 | +€54,530 | +40.2% |
| Income taxes | 67/77 | €258 | €447 | +€188 | +73.0% |
| Profit (loss) for the period | 9904 | -€135,779 | -€81,437 | +€54,341 | +40.0% |
| Transfer from tax-exempt reserves | 789 | - | €11,216 | +€11,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,779 | -€70,221 | +€65,557 | +48.3% |
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 12 October 2026 via checked.be.