LANDMARK PROPERTY: 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.
LANDMARK PROPERTY
Largest movements
- Stocks and contracts +€2.6m
up €2.6m (+21.6%), from €12.0m to €14.6m
- Receivables within one year +€2.1m
up €2.1m (+751%), from €276,595 to €2.4m
of which Other amounts receivable: +€1.7m
- Cash -€473,039
down €473,039 (-89.3%), from €529,553 to €56,514
mainly Stocks and contracts (-€2.6m) and Receivables within one year (-€2.1m)
- Short-term financial debts +€2.2m
up €2.2m (+29.2%), from €7.4m to €9.6m
- Other debts +€1.0m
up €1.0m (+222%), from €455,000 to €1.5m
- Reserves +€846,922
up €846,922 (+15.5%), from €5.4m to €6.3m
of which Distributable reserves: +€846,922
- Debts after one year +€307,000
up €307,000, from €0 to €307,000
- Purchases and services +€6.4m
up €6.4m (+308%), from €2.1m to €8.4m
- Turnover +€945,013
up €945,013 (+13.2%), from €7.2m to €8.1m
- Gross operating margin +€858,650
up €858,650 (+52.6%), from €1.6m to €2.5m
- Taxes +€214,701
up €214,701 (+71.3%), from €300,940 to €515,641
- Write-downs +€200,000
new in 2025: €200,000
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 | €13,500,984 | €17,709,412 | +€4.2m | +31.2% |
| Current assets | 29/58 | €13,500,984 | €17,709,412 | +€4.2m | +31.2% |
| Amounts receivable after more than one year | 29 | €650,000 | €650,000 | = | 0.0% |
| Other amounts receivable | 291 | €650,000 | €650,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,041,752 | €14,638,743 | +€2.6m | +21.6% |
| Stocks | 30/36 | €12,041,752 | €14,638,743 | +€2.6m | +21.6% |
| Amounts receivable within one year | 40/41 | €276,595 | €2,353,168 | +€2.1m | +751% |
| Trade receivables | 40 | €43,184 | €377,168 | +€333,984 | +773% |
| Other amounts receivable | 41 | €233,411 | €1,976,000 | +€1.7m | +747% |
| Cash at bank and in hand | 54/58 | €529,553 | €56,514 | -€473,039 | -89.3% |
| Deferred charges and accrued income | 490/1 | €3,084 | €10,987 | +€7,903 | +256% |
| Total equity and liabilities | 10/49 | €13,500,984 | €17,709,412 | +€4.2m | +31.2% |
| Equity | 10/15 | €5,453,405 | €6,300,327 | +€846,922 | +15.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €5,446,905 | €6,293,827 | +€846,922 | +15.5% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €5,444,955 | €6,291,877 | +€846,922 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €165,000 | €0 | -€165,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €165,000 | €0 | -€165,000 | -100% |
| Other liabilities and charges | 164/5 | €165,000 | €0 | -€165,000 | -100% |
| Amounts payable | 17/49 | €7,882,579 | €11,409,085 | +€3.5m | +44.7% |
| Amounts payable after more than one year | 17 | €0 | €307,000 | +€307,000 | |
| Financial debts | 170/4 | €0 | €307,000 | +€307,000 | |
| Amounts payable within one year | 42/48 | €7,879,289 | €11,102,085 | +€3.2m | +40.9% |
| Financial debts | 43 | €7,410,784 | €9,575,310 | +€2.2m | +29.2% |
| Credit institutions | 430/8 | €7,410,784 | €9,575,310 | +€2.2m | +29.2% |
| Trade debts | 44 | €10,065 | €46,135 | +€36,070 | +358% |
| Suppliers | 440/4 | €10,065 | €46,135 | +€36,070 | +358% |
| Advances received on contracts in progress | 46 | €2,500 | €0 | -€2,500 | -100% |
| Taxes, remuneration and social security | 45 | €940 | €15,641 | +€14,701 | +1,564% |
| Taxes | 450/3 | €940 | €15,641 | +€14,701 | +1,564% |
| Other amounts payable | 47/48 | €455,000 | €1,465,000 | +€1.0m | +222% |
| Accrued charges and deferred income | 492/3 | €3,290 | €0 | -€3,290 | -100% |
| Turnover | 70 | €7,167,151 | €8,112,164 | +€945,013 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,064,959 | €8,416,815 | +€6.4m | +308% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €200,000 | +€200,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€165,000 | -€165,000 | |
| Other operating charges | 640/8 | €1,961 | €5,671 | +€3,710 | +189% |
| Gross operating margin | 9900 | €1,633,691 | €2,492,341 | +€858,650 | +52.6% |
| Operating profit (loss) | 9901 | €1,631,730 | €2,451,669 | +€819,940 | +50.2% |
| Financial income | 75/76B | €57,446 | €13,095 | -€44,352 | -77.2% |
| Recurring financial income | 75 | €57,446 | €13,095 | -€44,352 | -77.2% |
| Financial charges | 65/66B | €485,416 | €402,201 | -€83,215 | -17.1% |
| Recurring financial charges | 65 | €485,416 | €402,201 | -€83,215 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,203,760 | €2,062,563 | +€858,803 | +71.3% |
| Income taxes | 67/77 | €300,940 | €515,641 | +€214,701 | +71.3% |
| Profit (loss) for the period | 9904 | €902,820 | €1,546,922 | +€644,102 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €902,820 | €1,546,922 | +€644,102 | +71.3% |
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 25 October 2026 via checked.be.