LANDELIS: 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.
LANDELIS
Largest movements
- Financial fixed assets -€374,860
down €374,860 (-44.0%), from €852,417 to €477,558
- Tangible fixed assets +€356,132
up €356,132 (+12,490%), from €2,851 to €358,983
of which Land and buildings: +€358,289
- Current investments +€300,000
new in 2025: €300,000
- Cash +€231,546
up €231,546 (+116%), from €199,458 to €431,004
mainly Net result for the year (+€512,734) and Debts after one year (+€225,323)
- Profit (loss) carried forward +€472,734
up €472,734 (+63.5%), from €744,515 to €1.2m
- Debts after one year +€225,323
new in 2025: €225,323
- Other debts -€154,821
down €154,821 (-67.3%), from €230,000 to €75,179
- Tax, wage and social debts -€58,725
down €58,725 (-75.3%), from €78,003 to €19,278
- Current portion of long-term debt +€36,891
up €36,891, from €0 to €36,891
- Financial income +€389,158
up €389,158 (+1,882%), from €20,681 to €409,839
- Turnover -€45,887
down €45,887 (-16.8%), from €272,465 to €226,578
- Taxes -€19,451
down €19,451 (-35.5%), from €54,768 to €35,317
of which Taxes: -€19,446
- Services and other goods +€8,857
up €8,857 (+10.6%), from €83,601 to €92,457
- Depreciation +€6,353
up €6,353 (+60.0%), from €10,595 to €16,947
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 | €1,073,429 | €1,597,239 | +€523,810 | +48.8% |
| Fixed assets | 21/28 | €855,268 | €836,540 | -€18,728 | -2.2% |
| Tangible fixed assets | 22/27 | €2,851 | €358,983 | +€356,132 | +12,490% |
| Land and buildings | 22 | €280 | €358,569 | +€358,289 | +128,139% |
| Furniture and vehicles | 24 | €2,572 | €414 | -€2,158 | -83.9% |
| Financial fixed assets | 28 | €852,417 | €477,558 | -€374,860 | -44.0% |
| Affiliated companies | 280/1 | €852,417 | €477,558 | -€374,860 | -44.0% |
| Participating interests | 280 | €148,000 | €217,718 | +€69,718 | +47.1% |
| Amounts receivable | 281 | €704,417 | €259,839 | -€444,578 | -63.1% |
| Current assets | 29/58 | €218,160 | €760,699 | +€542,538 | +249% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €18,703 | €26,077 | +€7,374 | +39.4% |
| Trade receivables | 40 | €17,390 | €21,399 | +€4,009 | +23.1% |
| Other amounts receivable | 41 | €1,313 | €4,678 | +€3,365 | +256% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Other investments | 51/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €199,458 | €431,004 | +€231,546 | +116% |
| Deferred charges and accrued income | 490/1 | €0 | €3,618 | +€3,618 | |
| Total equity and liabilities | 10/49 | €1,073,429 | €1,597,239 | +€523,810 | +48.8% |
| Equity | 10/15 | €764,975 | €1,237,709 | +€472,734 | +61.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €744,515 | €1,217,249 | +€472,734 | +63.5% |
| Amounts payable | 17/49 | €308,453 | €359,530 | +€51,077 | +16.6% |
| Amounts payable after more than one year | 17 | - | €225,323 | +€225,323 | |
| Financial debts | 170/4 | - | €225,323 | +€225,323 | |
| Credit institutions | 173 | - | €225,323 | +€225,323 | |
| Amounts payable within one year | 42/48 | €308,453 | €134,207 | -€174,246 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €36,891 | +€36,891 | |
| Trade debts | 44 | €451 | €2,859 | +€2,409 | +535% |
| Suppliers | 440/4 | €451 | €2,859 | +€2,409 | +535% |
| Taxes, remuneration and social security | 45 | €78,003 | €19,278 | -€58,725 | -75.3% |
| Taxes | 450/3 | €78,003 | €19,278 | -€58,725 | -75.3% |
| Other amounts payable | 47/48 | €230,000 | €75,179 | -€154,821 | -67.3% |
| Operating income | 70/76A | €280,917 | €252,969 | -€27,948 | -9.9% |
| Turnover | 70 | €272,465 | €226,578 | -€45,887 | -16.8% |
| Other operating income | 74 | €8,453 | €6,391 | -€2,062 | -24.4% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Operating charges | 60/66A | €96,434 | €112,086 | +€15,652 | +16.2% |
| Services and other goods | 61 | €83,601 | €92,457 | +€8,857 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,595 | €16,947 | +€6,353 | +60.0% |
| Other operating charges | 640/8 | €2,238 | €2,681 | +€443 | +19.8% |
| Operating profit (loss) | 9901 | €184,484 | €140,883 | -€43,601 | -23.6% |
| Financial income | 75/76B | €20,681 | €409,839 | +€389,158 | +1,882% |
| Recurring financial income | 75 | €20,681 | €409,839 | +€389,158 | +1,882% |
| Income from financial fixed assets | 750 | €20,517 | €409,839 | +€389,322 | +1,898% |
| Income from current assets | 751 | €164 | €0 | -€164 | -100% |
| Financial charges | 65/66B | €162 | €2,672 | +€2,510 | +1,553% |
| Recurring financial charges | 65 | €162 | €2,672 | +€2,510 | +1,553% |
| Debt charges | 650 | €162 | €2,672 | +€2,510 | +1,553% |
| Profit (loss) for the period before taxes | 9903 | €205,004 | €548,051 | +€343,047 | +167% |
| Income taxes | 67/77 | €54,768 | €35,317 | -€19,451 | -35.5% |
| Taxes | 670/3 | €54,768 | €35,322 | -€19,446 | -35.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | €150,236 | €512,734 | +€362,498 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €150,236 | €512,734 | +€362,498 | +241% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.