LANDMARK: 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.
LANDMARK
Largest movements
- Cash +€114,835
up €114,835 (+70.8%), from €162,221 to €277,055
mainly Accrued charges and deferred income (+€82,000) and Tax, wage and social debts (+€29,207)
- Receivables within one year -€20,581
down €20,581 (-17.7%), from €116,014 to €95,432
of which Other amounts receivable: -€14,371
- Deferred charges and accrued income -€20,218
down €20,218 (-91.1%), from €22,196 to €1,977
- Accrued charges and deferred income +€82,000
new in 2025: €82,000
- Reserves -€36,937
down €36,937 (-35.2%), from €104,965 to €68,029
of which Distributable reserves: -€36,937
- Tax, wage and social debts +€29,207
up €29,207 (+537.1%), from €5,438 to €34,645
- Other debts +€5,031
new in 2025: €5,031
- Depreciation -€2,302
down €2,302 (-60.2%), from €3,826 to €1,524
- Gross operating margin -€691
down €691 (-3.6%), from €19,251 to €18,560
- Taxes +€627
up €627 (+12.8%), from €4,886 to €5,513
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 | €305,112 | €382,745 | +€77,632 | +25.4% |
| Fixed assets | 21/28 | €4,683 | €8,280 | +€3,597 | +76.8% |
| Tangible fixed assets | 22/27 | €2,683 | €6,280 | +€3,597 | +134.1% |
| Furniture and vehicles | 24 | €2,683 | €6,280 | +€3,597 | +134.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €300,430 | €374,465 | +€74,035 | +24.6% |
| Amounts receivable within one year | 40/41 | €116,014 | €95,432 | -€20,581 | -17.7% |
| Trade receivables | 40 | €101,328 | €95,118 | -€6,210 | -6.1% |
| Other amounts receivable | 41 | €14,685 | €314 | -€14,371 | -97.9% |
| Cash at bank and in hand | 54/58 | €162,221 | €277,055 | +€114,835 | +70.8% |
| Deferred charges and accrued income | 490/1 | €22,196 | €1,977 | -€20,218 | -91.1% |
| Total equity and liabilities | 10/49 | €305,112 | €382,745 | +€77,632 | +25.4% |
| Equity | 10/15 | €167,222 | €130,286 | -€36,937 | -22.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €104,965 | €68,029 | -€36,937 | -35.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €98,765 | €61,829 | -€36,937 | -37.4% |
| Profit (loss) carried forward | 14 | €257 | €257 | = | 0.0% |
| Amounts payable | 17/49 | €137,890 | €252,459 | +€114,569 | +83.1% |
| Amounts payable within one year | 42/48 | €137,890 | €170,459 | +€32,569 | +23.6% |
| Trade debts | 44 | €132,452 | €130,783 | -€1,669 | -1.3% |
| Suppliers | 440/4 | €132,452 | €130,783 | -€1,669 | -1.3% |
| Taxes, remuneration and social security | 45 | €5,438 | €34,645 | +€29,207 | +537.1% |
| Taxes | 450/3 | €5,438 | €34,645 | +€29,207 | +537.1% |
| Other amounts payable | 47/48 | - | €5,031 | +€5,031 | |
| Accrued charges and deferred income | 492/3 | - | €82,000 | +€82,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,826 | €1,524 | -€2,302 | -60.2% |
| Other operating charges | 640/8 | €864 | €707 | -€157 | -18.2% |
| Non-recurring operating charges | 66A | - | €113 | +€113 | |
| Gross operating margin | 9900 | €19,251 | €18,560 | -€691 | -3.6% |
| Operating profit (loss) | 9901 | €14,561 | €16,216 | +€1,655 | +11.4% |
| Financial income | 75/76B | €13 | €6 | -€7 | -56.2% |
| Recurring financial income | 75 | €13 | €6 | -€7 | -56.2% |
| Financial charges | 65/66B | €218 | €245 | +€27 | +12.2% |
| Recurring financial charges | 65 | €218 | €245 | +€27 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €14,356 | €15,977 | +€1,622 | +11.3% |
| Income taxes | 67/77 | €4,886 | €5,513 | +€627 | +12.8% |
| Profit (loss) for the period | 9904 | €9,470 | €10,464 | +€995 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,470 | €10,464 | +€995 | +10.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.