LANDEXPLO WEST: 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.
LANDEXPLO WEST
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+79.2%), from €2.1m to €3.8m
- Debts after one year +€1.6m
new in 2025: €1.6m
- Other debts +€134,197
up €134,197 (+6.6%), from €2.0m to €2.2m
- Other operating charges +€15,463
up €15,463 (+613%), from €2,522 to €17,985
- Gross operating margin +€2,046
up €2,046 (+66.0%), from -€3,101 to -€1,055
- Financial charges +€1,843
up €1,843 (+861%), from €214 to €2,057
- Financial income -€163
down €163 (-100%), from €163 to €0
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 | €2,142,420 | €3,840,523 | +€1.7m | +79.3% |
| Current assets | 29/58 | €2,142,420 | €3,840,523 | +€1.7m | +79.3% |
| Stocks and contracts in progress | 3 | €2,140,687 | €3,835,340 | +€1.7m | +79.2% |
| Stocks | 30/36 | €2,140,687 | €3,835,340 | +€1.7m | +79.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,732 | €5,183 | +€3,450 | +199% |
| Total equity and liabilities | 10/49 | €2,142,420 | €3,840,523 | +€1.7m | +79.3% |
| Equity | 10/15 | €105,234 | €84,138 | -€21,097 | -20.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,010 | €8,010 | = | 0.0% |
| Distributable reserves | 133 | €8,010 | €8,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,776 | -€23,873 | -€21,097 | -760% |
| Amounts payable | 17/49 | €2,037,185 | €3,756,385 | +€1.7m | +84.4% |
| Amounts payable after more than one year | 17 | - | €1,585,003 | +€1.6m | |
| Financial debts | 170/4 | - | €1,585,003 | +€1.6m | |
| Amounts payable within one year | 42/48 | €2,037,185 | €2,171,382 | +€134,197 | +6.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,037,185 | €2,171,382 | +€134,197 | +6.6% |
| Other operating charges | 640/8 | €2,522 | €17,985 | +€15,463 | +613% |
| Gross operating margin | 9900 | -€3,101 | -€1,055 | +€2,046 | +66.0% |
| Operating profit (loss) | 9901 | -€5,623 | -€19,040 | -€13,417 | -239% |
| Financial income | 75/76B | €163 | €0 | -€163 | -100% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -100% |
| Financial charges | 65/66B | €214 | €2,057 | +€1,843 | +861% |
| Recurring financial charges | 65 | €214 | €2,057 | +€1,843 | +861% |
| Profit (loss) for the period before taxes | 9903 | -€5,674 | -€21,097 | -€15,423 | -272% |
| Profit (loss) for the period | 9904 | -€5,674 | -€21,097 | -€15,423 | -272% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,674 | -€21,097 | -€15,423 | -272% |
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 18 October 2026 via checked.be.