LANDEXPLO: 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.
LANDEXPLO
Largest movements
- Financial fixed assets +€14.4m
up €14.4m (+335.9%), from €4.3m to €18.7m
- Receivables within one year -€1.4m
down €1.4m (-10.7%), from €13.6m to €12.1m
of which Other amounts receivable: -€1.4m
- Cash +€729,581
up €729,581 (+3998.0%), from €18,249 to €747,829
mainly Contributions, distributions and other (+€9.0m) and Other debts (+€3.9m)
- Deferred charges and accrued income +€346,655
new in 2025: €346,655
- Contributions +€9.0m
up €9.0m (+116.7%), from €7.7m to €16.7m
- Other debts +€3.9m
up €3.9m (+1324.1%), from €292,270 to €4.2m
- Short-term financial debts +€2.1m
new in 2025: €2.1m
- Debts after one year -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Financial income -€114,345
down €114,345 (-100.0%), from €114,345 to €0
- Financial charges -€63,929
down €63,929 (-100.0%), from €63,929 to €0
of which Financial charges: -€58,966
- Taxes -€11,894
down €11,894 (-100.0%), from €11,894 to €0
- Depreciation +€1,473
new in 2025: €1,473
- Gross operating margin +€812
up €812 (+28.6%), from -€2,842 to -€2,031
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 | €17,875,086 | €31,872,343 | +€14.0m | +78.3% |
| Fixed assets | 21/28 | €4,282,500 | €18,666,431 | +€14.4m | +335.9% |
| Financial fixed assets | 28 | €4,282,500 | €18,666,431 | +€14.4m | +335.9% |
| Current assets | 29/58 | €13,592,586 | €13,205,913 | -€386,673 | -2.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €17,639 | €0 | -€17,639 | -100.0% |
| Stocks | 30/36 | €17,639 | €0 | -€17,639 | -100.0% |
| Amounts receivable within one year | 40/41 | €13,556,698 | €12,111,429 | -€1.4m | -10.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,556,698 | €12,111,429 | -€1.4m | -10.7% |
| Cash at bank and in hand | 54/58 | €18,249 | €747,829 | +€729,581 | +3998.0% |
| Deferred charges and accrued income | 490/1 | - | €346,655 | +€346,655 | |
| Total equity and liabilities | 10/49 | €17,875,086 | €31,872,343 | +€14.0m | +78.3% |
| Equity | 10/15 | €16,092,427 | €25,088,924 | +€9.0m | +55.9% |
| Contributions | 10/11 | €7,709,309 | €16,709,309 | +€9.0m | +116.7% |
| Capital | 10 | €7,709,309 | €16,709,309 | +€9.0m | +116.7% |
| Issued capital | 100 | €7,709,309 | €16,709,309 | +€9.0m | +116.7% |
| Reserves | 13 | €1,317,161 | €1,317,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €770,931 | €770,931 | = | 0.0% |
| Legal reserve | 130 | €770,931 | €770,931 | = | 0.0% |
| Distributable reserves | 133 | €546,230 | €546,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,065,957 | €7,062,453 | -€3,504 | 0.0% |
| Amounts payable | 17/49 | €1,782,659 | €6,783,420 | +€5.0m | +280.5% |
| Amounts payable after more than one year | 17 | €1,069,258 | €0 | -€1.1m | -100.0% |
| Other amounts payable | 178/9 | €1,069,258 | €0 | -€1.1m | -100.0% |
| Amounts payable within one year | 42/48 | €309,095 | €6,295,414 | +€6.0m | +1936.7% |
| Financial debts | 43 | - | €2,133,334 | +€2.1m | |
| Credit institutions | 430/8 | - | €2,133,334 | +€2.1m | |
| Taxes, remuneration and social security | 45 | €16,825 | €0 | -€16,825 | -100.0% |
| Taxes | 450/3 | €16,825 | €0 | -€16,825 | -100.0% |
| Other amounts payable | 47/48 | €292,270 | €4,162,080 | +€3.9m | +1324.1% |
| Accrued charges and deferred income | 492/3 | €404,305 | €488,005 | +€83,700 | +20.7% |
| Non-recurring operating income | 76A | - | €204 | +€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,473 | +€1,473 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€2,842 | -€2,031 | +€812 | +28.6% |
| Operating profit (loss) | 9901 | -€2,842 | -€3,504 | -€661 | -23.3% |
| Financial income | 75/76B | €114,345 | €0 | -€114,345 | -100.0% |
| Recurring financial income | 75 | €114,345 | €0 | -€114,345 | -100.0% |
| Financial charges | 65/66B | €63,929 | €0 | -€63,929 | -100.0% |
| Recurring financial charges | 65 | €58,966 | €0 | -€58,966 | -100.0% |
| Non-recurring financial charges | 66B | €4,962 | €0 | -€4,962 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €47,574 | -€3,504 | -€51,078 | |
| Income taxes | 67/77 | €11,894 | €0 | -€11,894 | -100.0% |
| Profit (loss) for the period | 9904 | €35,681 | -€3,504 | -€39,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,681 | -€3,504 | -€39,184 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.