LANDEN: 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.
LANDEN
Largest movements
- Cash +€22,695
up €22,695 (+456%), from €4,980 to €27,675
mainly Net result for the year (+€14,560) and Tax, wage and social debts (+€5,566)
- Deferred charges and accrued income +€1,396
up €1,396 (+37.4%), from €3,734 to €5,129
- Tangible fixed assets -€518
down €518 (-34.3%), from €1,511 to €993
- Reserves +€14,560
up €14,560 (+353%), from €4,125 to €18,685
- Tax, wage and social debts +€5,566
up €5,566 (+359%), from €1,552 to €7,118
- Contributions +€3,500
up €3,500 (+100%), from €3,500 to €7,000
- Gross operating margin +€16,599
up €16,599 (+287%), from €5,786 to €22,385
- Taxes +€5,566
up €5,566 (+359%), from €1,552 to €7,118
- Depreciation +€474
up €474 (+1,077%), from €44 to €518
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 | €10,224 | €33,796 | +€23,572 | +231% |
| Fixed assets | 21/28 | €1,511 | €993 | -€518 | -34.3% |
| Tangible fixed assets | 22/27 | €1,511 | €993 | -€518 | -34.3% |
| Furniture and vehicles | 24 | €1,511 | €993 | -€518 | -34.3% |
| Current assets | 29/58 | €8,713 | €32,804 | +€24,091 | +276% |
| Cash at bank and in hand | 54/58 | €4,980 | €27,675 | +€22,695 | +456% |
| Deferred charges and accrued income | 490/1 | €3,734 | €5,129 | +€1,396 | +37.4% |
| Total equity and liabilities | 10/49 | €10,224 | €33,796 | +€23,572 | +231% |
| Equity | 10/15 | €7,625 | €25,685 | +€18,060 | +237% |
| Contributions | 10/11 | €3,500 | €7,000 | +€3,500 | +100% |
| Reserves | 13 | €4,125 | €18,685 | +€14,560 | +353% |
| Distributable reserves | 133 | €4,125 | €18,685 | +€14,560 | +353% |
| Amounts payable | 17/49 | €2,599 | €8,112 | +€5,513 | +212% |
| Amounts payable within one year | 42/48 | €2,599 | €8,112 | +€5,513 | +212% |
| Trade debts | 44 | €858 | €790 | -€68 | -7.9% |
| Suppliers | 440/4 | €858 | €790 | -€68 | -7.9% |
| Taxes, remuneration and social security | 45 | €1,552 | €7,118 | +€5,566 | +359% |
| Taxes | 450/3 | €1,552 | €7,118 | +€5,566 | +359% |
| Other amounts payable | 47/48 | €189 | €204 | +€15 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44 | €518 | +€474 | +1,077% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140% |
| Gross operating margin | 9900 | €5,786 | €22,385 | +€16,599 | +287% |
| Operating profit (loss) | 9901 | €5,692 | €21,747 | +€16,054 | +282% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15 | €69 | +€54 | +363% |
| Recurring financial charges | 65 | €15 | €69 | +€54 | +363% |
| Profit (loss) for the period before taxes | 9903 | €5,677 | €21,678 | +€16,001 | +282% |
| Income taxes | 67/77 | €1,552 | €7,118 | +€5,566 | +359% |
| Profit (loss) for the period | 9904 | €4,125 | €14,560 | +€10,435 | +253% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125 | €14,560 | +€10,435 | +253% |
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 16 October 2026 via checked.be.