LANDING: 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.
LANDING
Largest movements
- Cash +€98,590
up €98,590 (+115%), from €85,721 to €184,311
mainly Net result for the year (+€87,634) and Trade debts (+€40,616)
- Receivables within one year +€57,271
up €57,271 (+41.5%), from €137,855 to €195,126
of which Trade receivables: +€44,755
- Tangible fixed assets -€11,579
down €11,579 (-24.6%), from €47,064 to €35,486
of which Furniture and vehicles: -€10,729
- Profit (loss) carried forward +€87,634
up €87,634 (+140%), from €62,375 to €150,010
- Trade debts +€40,616
up €40,616 (+65.7%), from €61,847 to €102,462
- Tax, wage and social debts +€28,283
up €28,283 (+58.2%), from €48,557 to €76,840
of which Taxes: +€22,326
- Debts after one year -€12,175
down €12,175 (-64.1%), from €18,983 to €6,808
- Staff costs +€57,266
up €57,266 (+38.7%), from €147,969 to €205,235
- Gross operating margin +€38,477
up €38,477 (+12.6%), from €305,675 to €344,152
- Other operating charges -€8,084
down €8,084 (-84.1%), from €9,613 to €1,529
- Write-downs -€5,480
down €5,480 (-74.3%), from €7,380 to €1,900
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 | €272,326 | €416,356 | +€144,030 | +52.9% |
| Fixed assets | 21/28 | €47,064 | €35,486 | -€11,579 | -24.6% |
| Tangible fixed assets | 22/27 | €47,064 | €35,486 | -€11,579 | -24.6% |
| Plant, machinery and equipment | 23 | €1,644 | €795 | -€849 | -51.7% |
| Furniture and vehicles | 24 | €45,420 | €34,691 | -€10,729 | -23.6% |
| Current assets | 29/58 | €225,262 | €380,870 | +€155,609 | +69.1% |
| Amounts receivable within one year | 40/41 | €137,855 | €195,126 | +€57,271 | +41.5% |
| Trade receivables | 40 | €128,192 | €172,947 | +€44,755 | +34.9% |
| Other amounts receivable | 41 | €9,663 | €22,178 | +€12,516 | +130% |
| Cash at bank and in hand | 54/58 | €85,721 | €184,311 | +€98,590 | +115% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,434 | -€252 | -14.9% |
| Total equity and liabilities | 10/49 | €272,326 | €416,356 | +€144,030 | +52.9% |
| Equity | 10/15 | €128,375 | €216,010 | +€87,634 | +68.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,375 | €150,010 | +€87,634 | +140% |
| Amounts payable | 17/49 | €143,951 | €200,346 | +€56,396 | +39.2% |
| Amounts payable after more than one year | 17 | €18,983 | €6,808 | -€12,175 | -64.1% |
| Financial debts | 170/4 | €18,983 | €6,808 | -€12,175 | -64.1% |
| Amounts payable within one year | 42/48 | €124,968 | €193,538 | +€68,570 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €14,564 | €12,175 | -€2,390 | -16.4% |
| Trade debts | 44 | €61,847 | €102,462 | +€40,616 | +65.7% |
| Suppliers | 440/4 | €61,847 | €102,462 | +€40,616 | +65.7% |
| Taxes, remuneration and social security | 45 | €48,557 | €76,840 | +€28,283 | +58.2% |
| Taxes | 450/3 | €31,215 | €53,541 | +€22,326 | +71.5% |
| Remuneration and social security | 454/9 | €17,342 | €23,299 | +€5,957 | +34.3% |
| Other amounts payable | 47/48 | - | €2,061 | +€2,061 | |
| Remuneration, social security and pensions | 62 | €147,969 | €205,235 | +€57,266 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,994 | €15,169 | +€175 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,380 | €1,900 | -€5,480 | -74.3% |
| Other operating charges | 640/8 | €9,613 | €1,529 | -€8,084 | -84.1% |
| Gross operating margin | 9900 | €305,675 | €344,152 | +€38,477 | +12.6% |
| Operating profit (loss) | 9901 | €125,720 | €120,320 | -€5,400 | -4.3% |
| Financial income | 75/76B | €709 | €1,096 | +€387 | +54.6% |
| Recurring financial income | 75 | €709 | €1,096 | +€387 | +54.6% |
| Financial charges | 65/66B | €2,188 | €2,380 | +€192 | +8.8% |
| Recurring financial charges | 65 | €2,188 | €2,380 | +€192 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €124,241 | €119,036 | -€5,206 | -4.2% |
| Income taxes | 67/77 | €30,907 | €31,402 | +€495 | +1.6% |
| Profit (loss) for the period | 9904 | €93,335 | €87,634 | -€5,700 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,335 | €87,634 | -€5,700 | -6.1% |
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 14 October 2026 via checked.be.