LANDEZ: 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.
LANDEZ
Largest movements
- Cash +€78,820
up €78,820 (+176%), from €44,892 to €123,712
mainly Net result for the year (+€65,637) and Current investments (+€47,000)
- Current investments -€47,000
down €47,000 (-87.4%), from €53,750 to €6,750
- Tangible fixed assets +€29,551
up €29,551 (+129%), from €22,987 to €52,538
of which Furniture and vehicles: +€18,577
- Receivables within one year +€6,568
up €6,568 (+35.4%), from €18,574 to €25,141
of which Trade receivables: +€5,752
- Reserves +€65,637
up €65,637 (+53.5%), from €122,652 to €188,289
- Trade debts +€6,850
up €6,850 (+622%), from €1,101 to €7,951
- Other debts -€3,147
down €3,147 (-27.8%), from €11,313 to €8,166
- Gross operating margin +€25,851
up €25,851 (+40.1%), from €64,427 to €90,278
- Taxes +€6,667
up €6,667 (+65.0%), from €10,260 to €16,927
- Financial income +€2,078
up €2,078 (+2,327%), from €89 to €2,168
- Depreciation +€1,497
up €1,497 (+23.4%), from €6,394 to €7,891
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 | €140,926 | €209,841 | +€68,915 | +48.9% |
| Fixed assets | 21/28 | €22,987 | €52,538 | +€29,551 | +129% |
| Tangible fixed assets | 22/27 | €22,987 | €52,538 | +€29,551 | +129% |
| Plant, machinery and equipment | 23 | €3,751 | €2,783 | -€968 | -25.8% |
| Furniture and vehicles | 24 | €19,236 | €37,813 | +€18,577 | +96.6% |
| Other tangible fixed assets | 26 | - | €11,941 | +€11,941 | |
| Current assets | 29/58 | €117,939 | €157,303 | +€39,365 | +33.4% |
| Amounts receivable within one year | 40/41 | €18,574 | €25,141 | +€6,568 | +35.4% |
| Trade receivables | 40 | €17,559 | €23,311 | +€5,752 | +32.8% |
| Other amounts receivable | 41 | €1,015 | €1,830 | +€815 | +80.3% |
| Current investments | 50/53 | €53,750 | €6,750 | -€47,000 | -87.4% |
| Cash at bank and in hand | 54/58 | €44,892 | €123,712 | +€78,820 | +176% |
| Deferred charges and accrued income | 490/1 | €723 | €1,700 | +€977 | +135% |
| Total equity and liabilities | 10/49 | €140,926 | €209,841 | +€68,915 | +48.9% |
| Equity | 10/15 | €124,652 | €190,289 | +€65,637 | +52.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €122,652 | €188,289 | +€65,637 | +53.5% |
| Distributable reserves | 133 | €122,652 | €188,289 | +€65,637 | +53.5% |
| Amounts payable | 17/49 | €16,274 | €19,552 | +€3,278 | +20.1% |
| Amounts payable within one year | 42/48 | €16,274 | €18,893 | +€2,619 | +16.1% |
| Trade debts | 44 | €1,101 | €7,951 | +€6,850 | +622% |
| Suppliers | 440/4 | €1,101 | €7,951 | +€6,850 | +622% |
| Taxes, remuneration and social security | 45 | €3,860 | €2,776 | -€1,084 | -28.1% |
| Taxes | 450/3 | €3,860 | €2,776 | -€1,084 | -28.1% |
| Other amounts payable | 47/48 | €11,313 | €8,166 | -€3,147 | -27.8% |
| Accrued charges and deferred income | 492/3 | - | €659 | +€659 | |
| Non-recurring operating income | 76A | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,394 | €7,891 | +€1,497 | +23.4% |
| Other operating charges | 640/8 | €1,607 | €1,293 | -€314 | -19.6% |
| Non-recurring operating charges | 66A | €7,227 | - | -€7,227 | |
| Gross operating margin | 9900 | €64,427 | €90,278 | +€25,851 | +40.1% |
| Operating profit (loss) | 9901 | €49,199 | €81,094 | +€31,895 | +64.8% |
| Financial income | 75/76B | €89 | €2,168 | +€2,078 | +2,327% |
| Recurring financial income | 75 | €89 | €2,168 | +€2,078 | +2,327% |
| Financial charges | 65/66B | €308 | €698 | +€390 | +127% |
| Recurring financial charges | 65 | €308 | €698 | +€390 | +127% |
| Profit (loss) for the period before taxes | 9903 | €48,980 | €82,564 | +€33,583 | +68.6% |
| Income taxes | 67/77 | €10,260 | €16,927 | +€6,667 | +65.0% |
| Profit (loss) for the period | 9904 | €38,721 | €65,637 | +€26,916 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,721 | €65,637 | +€26,916 | +69.5% |
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 16 October 2026 via checked.be.