Lander Cardon: 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.
Lander Cardon
Largest movements
- Cash +€15,470
up €15,470 (+142%), from €10,910 to €26,380
mainly Net result for the year (+€14,859) and Other debts (+€11,673)
- Receivables within one year +€6,291
up €6,291 (+603%), from €1,043 to €7,334
of which Trade receivables: +€6,291
- Tangible fixed assets -€3,057
down €3,057 (-16.6%), from €18,381 to €15,324
of which Other tangible fixed assets: -€1,533
- Stocks and contracts +€2,362
up €2,362 (+15.7%), from €15,046 to €17,408
- Other debts +€11,673
up €11,673 (+50.7%), from €23,032 to €34,705
- Profit (loss) carried forward +€4,859
up €4,859, from -€246 to €4,613
- Trade debts +€2,413
up €2,413 (+113%), from €2,139 to €4,552
- Tax, wage and social debts +€2,121
up €2,121 (+28.1%), from €7,540 to €9,661
of which Taxes: +€2,121
- Gross operating margin +€10,707
up €10,707 (+95.3%), from €11,236 to €21,943
- Taxes +€1,995
new in 2025: €1,995
- Financial charges -€597
down €597 (-91.4%), from €654 to €56
- Depreciation +€334
up €334 (+8.3%), from €4,036 to €4,370
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 | €45,381 | €66,446 | +€21,065 | +46.4% |
| Fixed assets | 21/28 | €18,381 | €15,324 | -€3,057 | -16.6% |
| Tangible fixed assets | 22/27 | €18,381 | €15,324 | -€3,057 | -16.6% |
| Plant, machinery and equipment | 23 | €7,575 | €6,583 | -€992 | -13.1% |
| Furniture and vehicles | 24 | €1,674 | €1,142 | -€532 | -31.8% |
| Other tangible fixed assets | 26 | €9,133 | €7,600 | -€1,533 | -16.8% |
| Current assets | 29/58 | €26,999 | €51,122 | +€24,123 | +89.3% |
| Stocks and contracts in progress | 3 | €15,046 | €17,408 | +€2,362 | +15.7% |
| Stocks | 30/36 | €15,046 | €17,408 | +€2,362 | +15.7% |
| Amounts receivable within one year | 40/41 | €1,043 | €7,334 | +€6,291 | +603% |
| Trade receivables | 40 | €1,043 | €7,334 | +€6,291 | +603% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,910 | €26,380 | +€15,470 | +142% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €45,381 | €66,446 | +€21,065 | +46.4% |
| Equity | 10/15 | €12,669 | €17,528 | +€4,859 | +38.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,915 | €7,915 | = | 0.0% |
| Distributable reserves | 133 | €7,915 | €7,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246 | €4,613 | +€4,859 | |
| Amounts payable | 17/49 | €32,711 | €48,918 | +€16,207 | +49.5% |
| Amounts payable within one year | 42/48 | €32,711 | €48,918 | +€16,207 | +49.5% |
| Trade debts | 44 | €2,139 | €4,552 | +€2,413 | +113% |
| Suppliers | 440/4 | €2,139 | €4,552 | +€2,413 | +113% |
| Taxes, remuneration and social security | 45 | €7,540 | €9,661 | +€2,121 | +28.1% |
| Taxes | 450/3 | €7,540 | €9,661 | +€2,121 | +28.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,032 | €34,705 | +€11,673 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,036 | €4,370 | +€334 | +8.3% |
| Other operating charges | 640/8 | €786 | €842 | +€56 | +7.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,236 | €21,943 | +€10,707 | +95.3% |
| Operating profit (loss) | 9901 | €6,415 | €16,732 | +€10,317 | +161% |
| Financial income | 75/76B | €109 | €179 | +€70 | +64.3% |
| Recurring financial income | 75 | €109 | €179 | +€70 | +64.3% |
| Financial charges | 65/66B | €654 | €56 | -€597 | -91.4% |
| Recurring financial charges | 65 | €654 | €56 | -€597 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €5,870 | €16,854 | +€10,984 | +187% |
| Income taxes | 67/77 | - | €1,995 | +€1,995 | |
| Profit (loss) for the period | 9904 | €5,870 | €14,859 | +€8,989 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €5,870 | €14,859 | +€8,989 | +153% |
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 23 October 2026 via checked.be.