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 -€163,630
down €163,630 (-92.8%), from €176,234 to €12,604
mainly Other debts (-€150,000) and Investment in fixed assets (net) (-€10,225)
- Other debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Depreciation +€1,490
up €1,490, from €0 to €1,490
- Gross operating margin -€796
down €796 (-34.1%), from -€2,335 to -€3,131
- Other operating charges -€43
down €43 (-3.5%), from €1,244 to €1,201
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 | €1,572,734 | €1,417,838 | -€154,896 | -9.8% |
| Fixed assets | 21/28 | - | €8,734 | +€8,734 | |
| Tangible fixed assets | 22/27 | - | €8,734 | +€8,734 | |
| Plant, machinery and equipment | 23 | - | €8,734 | +€8,734 | |
| Current assets | 29/58 | €1,572,734 | €1,409,104 | -€163,630 | -10.4% |
| Stocks and contracts in progress | 3 | €1,396,500 | €1,396,500 | = | 0.0% |
| Stocks | 30/36 | €1,396,500 | €1,396,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €176,234 | €12,604 | -€163,630 | -92.8% |
| Total equity and liabilities | 10/49 | €1,572,734 | €1,417,838 | -€154,896 | -9.8% |
| Equity | 10/15 | €1,422,734 | €1,416,572 | -€6,162 | -0.4% |
| Contributions | 10/11 | €1,411,500 | €1,411,500 | = | 0.0% |
| Capital | 10 | €1,411,500 | €1,411,500 | = | 0.0% |
| Issued capital | 100 | €1,411,500 | €1,411,500 | = | 0.0% |
| Reserves | 13 | €11,234 | €8,759 | -€2,475 | -22.0% |
| Non-distributable reserves | 130/1 | €8,759 | €8,759 | = | 0.0% |
| Legal reserve | 130 | €8,759 | €8,759 | = | 0.0% |
| Distributable reserves | 133 | €2,475 | €0 | -€2,475 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€3,687 | -€3,687 | |
| Amounts payable | 17/49 | €150,000 | €1,266 | -€148,734 | -99.2% |
| Amounts payable within one year | 42/48 | €150,000 | €1,266 | -€148,734 | -99.2% |
| Trade debts | 44 | €0 | €1,266 | +€1,266 | |
| Suppliers | 440/4 | €0 | €1,266 | +€1,266 | |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,490 | +€1,490 | |
| Other operating charges | 640/8 | €1,244 | €1,201 | -€43 | -3.5% |
| Gross operating margin | 9900 | -€2,335 | -€3,131 | -€796 | -34.1% |
| Operating profit (loss) | 9901 | -€3,579 | -€5,823 | -€2,244 | -62.7% |
| Financial charges | 65/66B | €338 | €339 | +€2 | +0.4% |
| Recurring financial charges | 65 | €338 | €339 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,917 | -€6,162 | -€2,245 | -57.3% |
| Profit (loss) for the period | 9904 | -€3,917 | -€6,162 | -€2,245 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,917 | -€6,162 | -€2,245 | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.