LANDHAM: 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.
LANDHAM
Largest movements
- Tangible fixed assets -€33,394
down €33,394 (-6.6%), from €508,666 to €475,272
of which Leasing and similar rights: -€30,356
- Receivables within one year +€21,807
up €21,807 (+187%), from €11,660 to €33,467
of which Other amounts receivable: +€22,196
- Cash -€8,959
down €8,959 (-15.3%), from €58,447 to €49,488
mainly Debts after one year (-€44,508) and Receivables within one year (-€21,807)
- Debts after one year -€44,508
down €44,508 (-31.8%), from €140,142 to €95,633
- Reserves +€25,736
up €25,736 (+7.5%), from €341,448 to €367,184
- Trade debts +€8,009
up €8,009 (+568%), from €1,409 to €9,418
- Other debts -€6,541
no longer reported in 2025 (was €6,541)
- Financial income -€29,582
down €29,582 (-97.9%), from €30,219 to €637
of which Non-recurring financial income: -€27,728
- Financial charges -€23,278
down €23,278 (-90.2%), from €25,820 to €2,542
of which Non-recurring financial charges: -€20,723
- Taxes -€2,635
down €2,635 (-20.3%), from €12,966 to €10,330
- Gross operating margin -€1,531
down €1,531 (-2.0%), from €78,145 to €76,614
- Staff costs +€1,337
new in 2025: €1,337
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 | €578,772 | €558,227 | -€20,545 | -3.5% |
| Fixed assets | 21/28 | €508,666 | €475,272 | -€33,394 | -6.6% |
| Tangible fixed assets | 22/27 | €508,666 | €475,272 | -€33,394 | -6.6% |
| Land and buildings | 22 | €431,056 | €420,477 | -€10,579 | -2.5% |
| Plant, machinery and equipment | 23 | €29,277 | €23,019 | -€6,258 | -21.4% |
| Furniture and vehicles | 24 | €17,976 | €31,776 | +€13,801 | +76.8% |
| Leasing and similar rights | 25 | €30,356 | - | -€30,356 | |
| Current assets | 29/58 | €70,106 | €82,955 | +€12,849 | +18.3% |
| Amounts receivable within one year | 40/41 | €11,660 | €33,467 | +€21,807 | +187% |
| Trade receivables | 40 | €11,646 | €11,258 | -€388 | -3.3% |
| Other amounts receivable | 41 | €14 | €22,209 | +€22,196 | +163,325% |
| Cash at bank and in hand | 54/58 | €58,447 | €49,488 | -€8,959 | -15.3% |
| Total equity and liabilities | 10/49 | €578,772 | €558,227 | -€20,545 | -3.5% |
| Equity | 10/15 | €359,998 | €385,734 | +€25,736 | +7.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €341,448 | €367,184 | +€25,736 | +7.5% |
| Distributable reserves | 133 | €341,448 | €367,184 | +€25,736 | +7.5% |
| Amounts payable | 17/49 | €218,774 | €172,494 | -€46,280 | -21.2% |
| Amounts payable after more than one year | 17 | €140,142 | €95,633 | -€44,508 | -31.8% |
| Financial debts | 170/4 | €140,142 | €95,633 | -€44,508 | -31.8% |
| Amounts payable within one year | 42/48 | €77,030 | €76,860 | -€170 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €61,186 | €58,829 | -€2,357 | -3.9% |
| Trade debts | 44 | €1,409 | €9,418 | +€8,009 | +568% |
| Suppliers | 440/4 | €1,409 | €9,418 | +€8,009 | +568% |
| Taxes, remuneration and social security | 45 | €7,893 | €8,614 | +€720 | +9.1% |
| Taxes | 450/3 | €7,893 | €8,614 | +€720 | +9.1% |
| Other amounts payable | 47/48 | €6,541 | - | -€6,541 | |
| Accrued charges and deferred income | 492/3 | €1,602 | - | -€1,602 | |
| Remuneration, social security and pensions | 62 | - | €1,337 | +€1,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,562 | €34,356 | +€794 | +2.4% |
| Other operating charges | 640/8 | €3,282 | €2,950 | -€332 | -10.1% |
| Gross operating margin | 9900 | €78,145 | €76,614 | -€1,531 | -2.0% |
| Operating profit (loss) | 9901 | €41,301 | €37,971 | -€3,330 | -8.1% |
| Financial income | 75/76B | €30,219 | €637 | -€29,582 | -97.9% |
| Recurring financial income | 75 | €2,492 | €637 | -€1,854 | -74.4% |
| Non-recurring financial income | 76B | €27,728 | - | -€27,728 | |
| Financial charges | 65/66B | €25,820 | €2,542 | -€23,278 | -90.2% |
| Recurring financial charges | 65 | €5,097 | €2,542 | -€2,555 | -50.1% |
| Non-recurring financial charges | 66B | €20,723 | - | -€20,723 | |
| Profit (loss) for the period before taxes | 9903 | €45,700 | €36,066 | -€9,634 | -21.1% |
| Income taxes | 67/77 | €12,966 | €10,330 | -€2,635 | -20.3% |
| Profit (loss) for the period | 9904 | €32,735 | €25,736 | -€6,999 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,735 | €25,736 | -€6,999 | -21.4% |
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 20 October 2026 via checked.be.