LANDENT: what changed
Two fiscal 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.
LANDENT
Largest movements
- Receivables within one year -€139,779
down €139,779 (-77.9%), from €179,354 to €39,575
- Cash -€9,380
down €9,380 (-38.7%), from €24,259 to €14,879
mainly Contributions, distributions and other (-€247,788) and Smaller working-capital items (-€384)
- Profit (loss) carried forward -€160,924
no longer reported in 2025 (was €160,924)
- Tax, wage and social debts +€11,009
up €11,009 (+25.8%), from €42,682 to €53,691
- Gross operating margin +€19,556
up €19,556 (+21.8%), from €89,714 to €109,270
- Taxes +€10,273
up €10,273 (+52.4%), from €19,599 to €29,872
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 | €207,222 | €56,691 | -€150,531 | -72.6% |
| Fixed assets | 21/28 | €3,377 | €2,237 | -€1,140 | -33.8% |
| Tangible fixed assets | 22/27 | €3,377 | €2,237 | -€1,140 | -33.8% |
| Plant, machinery and equipment | 23 | €2,945 | €1,881 | -€1,064 | -36.1% |
| Furniture and vehicles | 24 | €432 | €356 | -€76 | -17.6% |
| Current assets | 29/58 | €203,845 | €54,454 | -€149,391 | -73.3% |
| Amounts receivable within one year | 40/41 | €179,354 | €39,575 | -€139,779 | -77.9% |
| Other amounts receivable | 41 | €179,354 | €39,575 | -€139,779 | -77.9% |
| Cash at bank and in hand | 54/58 | €24,259 | €14,879 | -€9,380 | -38.7% |
| Deferred charges and accrued income | 490/1 | €232 | - | -€232 | |
| Total equity and liabilities | 10/49 | €207,222 | €56,691 | -€150,531 | -72.6% |
| Equity | 10/15 | €163,924 | €3,000 | -€160,924 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,924 | - | -€160,924 | |
| Amounts payable | 17/49 | €43,298 | €53,691 | +€10,393 | +24.0% |
| Amounts payable within one year | 42/48 | €43,298 | €53,691 | +€10,393 | +24.0% |
| Trade debts | 44 | €616 | - | -€616 | |
| Suppliers | 440/4 | €616 | - | -€616 | |
| Taxes, remuneration and social security | 45 | €42,682 | €53,691 | +€11,009 | +25.8% |
| Taxes | 450/3 | €42,682 | €53,691 | +€11,009 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,140 | €1,140 | = | 0.0% |
| Other operating charges | 640/8 | €766 | €655 | -€111 | -14.5% |
| Gross operating margin | 9900 | €89,714 | €109,270 | +€19,556 | +21.8% |
| Operating profit (loss) | 9901 | €87,808 | €107,475 | +€19,667 | +22.4% |
| Financial income | 75/76B | €8,699 | €9,336 | +€637 | +7.3% |
| Recurring financial income | 75 | €8,699 | €9,336 | +€637 | +7.3% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.4% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €96,433 | €116,736 | +€20,303 | +21.1% |
| Income taxes | 67/77 | €19,599 | €29,872 | +€10,273 | +52.4% |
| Profit (loss) for the period | 9904 | €76,834 | €86,864 | +€10,030 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,834 | €86,864 | +€10,030 | +13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.