LANDFAST: 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.
LANDFAST
Largest movements
- Current investments -€135,000
down €135,000 (-100%), from €135,000 to €0
- Cash +€25,405
up €25,405 (+160%), from €15,877 to €41,282
mainly Current investments (+€135,000) and Depreciation (+€8,763)
- Tangible fixed assets -€9,415
down €9,415 (-42.1%), from €22,351 to €12,936
of which Plant, machinery and equipment: -€5,340
- Receivables within one year +€2,220
up €2,220 (+40.8%), from €5,445 to €7,665
of which Trade receivables: +€1,361
- Other debts -€81,554
down €81,554 (-98.9%), from €82,462 to €908
- Profit (loss) carried forward -€18,534
new in 2025: -€18,534
- Tax, wage and social debts -€10,994
down €10,994 (-96.1%), from €11,445 to €451
- Trade debts -€5,515
down €5,515 (-81.6%), from €6,755 to €1,240
- Gross operating margin -€57,094
down €57,094, from €45,379 to -€11,715
- Taxes -€11,826
down €11,826 (-97.8%), from €12,097 to €272
- Financial income -€2,218
down €2,218 (-37.0%), from €5,992 to €3,774
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 | €200,274 | €83,677 | -€116,597 | -58.2% |
| Fixed assets | 21/28 | €43,951 | €34,536 | -€9,415 | -21.4% |
| Tangible fixed assets | 22/27 | €22,351 | €12,936 | -€9,415 | -42.1% |
| Plant, machinery and equipment | 23 | €11,801 | €6,462 | -€5,340 | -45.2% |
| Furniture and vehicles | 24 | €8,103 | €5,735 | -€2,368 | -29.2% |
| Other tangible fixed assets | 26 | €2,447 | €739 | -€1,708 | -69.8% |
| Financial fixed assets | 28 | €21,600 | €21,600 | = | 0.0% |
| Current assets | 29/58 | €156,322 | €49,141 | -€107,181 | -68.6% |
| Amounts receivable within one year | 40/41 | €5,445 | €7,665 | +€2,220 | +40.8% |
| Trade receivables | 40 | €5,445 | €6,806 | +€1,361 | +25.0% |
| Other amounts receivable | 41 | - | €859 | +€859 | |
| Current investments | 50/53 | €135,000 | €0 | -€135,000 | -100% |
| Cash at bank and in hand | 54/58 | €15,877 | €41,282 | +€25,405 | +160% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €200,274 | €83,677 | -€116,597 | -58.2% |
| Equity | 10/15 | €99,611 | €81,077 | -€18,534 | -18.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €74,611 | €74,611 | = | 0.0% |
| Distributable reserves | 133 | €74,611 | €74,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,534 | -€18,534 | |
| Amounts payable | 17/49 | €100,663 | €2,600 | -€98,063 | -97.4% |
| Amounts payable within one year | 42/48 | €100,663 | €2,600 | -€98,063 | -97.4% |
| Trade debts | 44 | €6,755 | €1,240 | -€5,515 | -81.6% |
| Suppliers | 440/4 | €6,755 | €1,240 | -€5,515 | -81.6% |
| Taxes, remuneration and social security | 45 | €11,445 | €451 | -€10,994 | -96.1% |
| Taxes | 450/3 | €11,445 | €451 | -€10,994 | -96.1% |
| Other amounts payable | 47/48 | €82,462 | €908 | -€81,554 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,322 | €8,763 | +€442 | +5.3% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | - | €652 | +€652 | |
| Gross operating margin | 9900 | €45,379 | -€11,715 | -€57,094 | |
| Operating profit (loss) | 9901 | €36,544 | -€21,658 | -€58,202 | |
| Financial income | 75/76B | €5,992 | €3,774 | -€2,218 | -37.0% |
| Recurring financial income | 75 | €5,992 | €3,774 | -€2,218 | -37.0% |
| Financial charges | 65/66B | €90 | €378 | +€288 | +320% |
| Recurring financial charges | 65 | €90 | €378 | +€288 | +320% |
| Profit (loss) for the period before taxes | 9903 | €42,446 | -€18,262 | -€60,708 | |
| Income taxes | 67/77 | €12,097 | €272 | -€11,826 | -97.8% |
| Profit (loss) for the period | 9904 | €30,348 | -€18,534 | -€48,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,348 | -€18,534 | -€48,882 |
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 17 October 2026 via checked.be.