LANDELIJK GLAS: what changed
LANDELIJK GLAS
Largest movements
- Tangible fixed assets -€56,909
down €56,909 (-70.8%), from €80,386 to €23,477
of which Leasing and similar rights: -€47,311
- Stocks and contracts +€18,359
up €18,359 (+62.8%), from €29,214 to €47,573
- Receivables within one year -€10,284
down €10,284 (-30.5%), from €33,666 to €23,382
of which Trade receivables: -€8,039
- Cash -€7,037
down €7,037 (-98.0%), from €7,181 to €144
mainly Debts after one year (-€35,386) and Other debts (-€25,814)
- Intangible fixed assets +€1,923
new in 2025: €1,923
- Debts after one year -€35,386
down €35,386 (-86.5%), from €40,893 to €5,506
- Short-term financial debts +€28,057
new in 2025: €28,057
- Other debts -€25,814
down €25,814 (-47.0%), from €54,870 to €29,056
- Current portion of long-term debt -€14,873
down €14,873 (-65.4%), from €22,742 to €7,869
- Profit (loss) carried forward -€10,092
down €10,092 (-58.2%), from €17,349 to €7,257
- Gross operating margin -€38,886
down €38,886 (-58.2%), from €66,791 to €27,905
- Staff costs -€27,385
down €27,385 (-78.5%), from €34,873 to €7,488
- Depreciation -€12,102
down €12,102 (-55.6%), from €21,777 to €9,675
- Financial charges +€3,882
up €3,882 (+75.8%), from €5,119 to €9,001
- Other operating charges -€2,006
down €2,006 (-50.4%), from €3,983 to €1,977
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,248 | €100,004 | -€54,243 | -35.2% |
| Fixed assets | 21/28 | €83,236 | €28,250 | -€54,986 | -66.1% |
| Intangible fixed assets | 21 | - | €1,923 | +€1,923 | |
| Tangible fixed assets | 22/27 | €80,386 | €23,477 | -€56,909 | -70.8% |
| Plant, machinery and equipment | 23 | €33,075 | €23,477 | -€9,598 | -29.0% |
| Leasing and similar rights | 25 | €47,311 | €0 | -€47,311 | -100% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €71,011 | €71,754 | +€743 | +1.0% |
| Stocks and contracts in progress | 3 | €29,214 | €47,573 | +€18,359 | +62.8% |
| Stocks | 30/36 | €29,214 | €47,573 | +€18,359 | +62.8% |
| Amounts receivable within one year | 40/41 | €33,666 | €23,382 | -€10,284 | -30.5% |
| Trade receivables | 40 | €31,421 | €23,382 | -€8,039 | -25.6% |
| Other amounts receivable | 41 | €2,245 | €0 | -€2,245 | -100% |
| Cash at bank and in hand | 54/58 | €7,181 | €144 | -€7,037 | -98.0% |
| Deferred charges and accrued income | 490/1 | €950 | €655 | -€295 | -31.0% |
| Total equity and liabilities | 10/49 | €154,248 | €100,004 | -€54,243 | -35.2% |
| Equity | 10/15 | €19,349 | €9,257 | -€10,092 | -52.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,349 | €7,257 | -€10,092 | -58.2% |
| Amounts payable | 17/49 | €134,899 | €90,748 | -€44,151 | -32.7% |
| Amounts payable after more than one year | 17 | €40,893 | €5,506 | -€35,386 | -86.5% |
| Financial debts | 170/4 | €40,893 | €5,506 | -€35,386 | -86.5% |
| Amounts payable within one year | 42/48 | €94,006 | €85,241 | -€8,765 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €22,742 | €7,869 | -€14,873 | -65.4% |
| Financial debts | 43 | - | €28,057 | +€28,057 | |
| Credit institutions | 430/8 | - | €28,057 | +€28,057 | |
| Trade debts | 44 | €9,176 | €16,399 | +€7,223 | +78.7% |
| Suppliers | 440/4 | €9,176 | €16,399 | +€7,223 | +78.7% |
| Taxes, remuneration and social security | 45 | €7,218 | €3,860 | -€3,358 | -46.5% |
| Taxes | 450/3 | €861 | €3,860 | +€2,999 | +348% |
| Remuneration and social security | 454/9 | €6,357 | €0 | -€6,357 | -100% |
| Other amounts payable | 47/48 | €54,870 | €29,056 | -€25,814 | -47.0% |
| Remuneration, social security and pensions | 62 | €34,873 | €7,488 | -€27,385 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,777 | €9,675 | -€12,102 | -55.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,959 | €0 | +€1,959 | |
| Other operating charges | 640/8 | €3,983 | €1,977 | -€2,006 | -50.4% |
| Non-recurring operating charges | 66A | - | €9,751 | +€9,751 | |
| Gross operating margin | 9900 | €66,791 | €27,905 | -€38,886 | -58.2% |
| Operating profit (loss) | 9901 | €8,116 | -€987 | -€9,103 | |
| Financial income | 75/76B | €203 | €31 | -€172 | -84.7% |
| Recurring financial income | 75 | €203 | €31 | -€172 | -84.7% |
| Financial charges | 65/66B | €5,119 | €9,001 | +€3,882 | +75.8% |
| Recurring financial charges | 65 | €5,119 | €9,001 | +€3,882 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €3,201 | -€9,956 | -€13,157 | |
| Income taxes | 67/77 | €740 | €136 | -€604 | -81.6% |
| Profit (loss) for the period | 9904 | €2,460 | -€10,092 | -€12,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,460 | -€10,092 | -€12,553 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.