LANDICO: 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.
LANDICO
Largest movements
- Stocks and contracts +€576,703
up €576,703 (+77.3%), from €745,804 to €1.3m
- Receivables within one year -€176,121
down €176,121 (-89.4%), from €197,070 to €20,950
of which Trade receivables: -€189,070
- Cash -€85,770
down €85,770 (-69.8%), from €122,861 to €37,090
mainly Stocks and contracts (-€576,703) and Debts after one year (-€337,389)
- Profit (loss) carried forward +€456,302
up €456,302 (+1779.6%), from €25,641 to €481,943
- Debts after one year -€337,389
down €337,389 (-76.2%), from €442,952 to €105,562
- Other debts +€230,998
up €230,998 (+58.3%), from €396,346 to €627,344
- Tax, wage and social debts -€67,110
down €67,110 (-100.0%), from €67,110 to €0
- Accrued charges and deferred income +€32,265
up €32,265 (+69.0%), from €46,758 to €79,023
- Gross operating margin +€613,885
up €613,885 (+1324.5%), from €46,349 to €660,233
- Taxes +€139,687
new in 2025: €139,687
- Financial charges +€7,788
up €7,788 (+13.7%), from €56,893 to €64,681
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 | €1,068,840 | €1,382,133 | +€313,293 | +29.3% |
| Current assets | 29/58 | €1,068,840 | €1,382,133 | +€313,293 | +29.3% |
| Stocks and contracts in progress | 3 | €745,804 | €1,322,507 | +€576,703 | +77.3% |
| Stocks | 30/36 | €745,804 | €1,322,507 | +€576,703 | +77.3% |
| Amounts receivable within one year | 40/41 | €197,070 | €20,950 | -€176,121 | -89.4% |
| Trade receivables | 40 | €189,070 | €0 | -€189,070 | -100.0% |
| Other amounts receivable | 41 | €8,000 | €20,950 | +€12,950 | +161.9% |
| Cash at bank and in hand | 54/58 | €122,861 | €37,090 | -€85,770 | -69.8% |
| Deferred charges and accrued income | 490/1 | €3,105 | €1,586 | -€1,519 | -48.9% |
| Total equity and liabilities | 10/49 | €1,068,840 | €1,382,133 | +€313,293 | +29.3% |
| Equity | 10/15 | €91,791 | €548,093 | +€456,302 | +497.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,150 | €46,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,150 | €46,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,150 | €46,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,641 | €481,943 | +€456,302 | +1779.6% |
| Amounts payable | 17/49 | €977,049 | €834,040 | -€143,009 | -14.6% |
| Amounts payable after more than one year | 17 | €442,952 | €105,562 | -€337,389 | -76.2% |
| Financial debts | 170/4 | €442,952 | €105,562 | -€337,389 | -76.2% |
| Amounts payable within one year | 42/48 | €487,340 | €649,455 | +€162,115 | +33.3% |
| Trade debts | 44 | €23,884 | €22,111 | -€1,773 | -7.4% |
| Suppliers | 440/4 | €23,884 | €22,111 | -€1,773 | -7.4% |
| Taxes, remuneration and social security | 45 | €67,110 | €0 | -€67,110 | -100.0% |
| Taxes | 450/3 | €67,110 | €0 | -€67,110 | -100.0% |
| Other amounts payable | 47/48 | €396,346 | €627,344 | +€230,998 | +58.3% |
| Accrued charges and deferred income | 492/3 | €46,758 | €79,023 | +€32,265 | +69.0% |
| Other operating charges | 640/8 | €303 | €487 | +€184 | +60.9% |
| Gross operating margin | 9900 | €46,349 | €660,233 | +€613,885 | +1324.5% |
| Operating profit (loss) | 9901 | €46,046 | €659,746 | +€613,700 | +1332.8% |
| Financial income | 75/76B | €0 | €924 | +€924 | |
| Recurring financial income | 75 | €0 | €924 | +€924 | |
| Financial charges | 65/66B | €56,893 | €64,681 | +€7,788 | +13.7% |
| Recurring financial charges | 65 | €56,893 | €64,681 | +€7,788 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,847 | €595,989 | +€606,836 | |
| Income taxes | 67/77 | - | €139,687 | +€139,687 | |
| Profit (loss) for the period | 9904 | -€10,847 | €456,302 | +€467,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,847 | €456,302 | +€467,149 |
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 3 October 2026 via checked.be.