LandMart: 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.
LandMart
Largest movements
- Tangible fixed assets +€44,600
up €44,600 (+61.8%), from €72,137 to €116,737
of which Furniture and vehicles: +€48,913
- Cash -€35,345
down €35,345 (-45.8%), from €77,132 to €41,787
mainly Investment in fixed assets (net) (-€56,960) and Contributions, distributions and other (-€37,372)
- Receivables within one year +€11,115
up €11,115 (+218%), from €5,095 to €16,210
of which Trade receivables: +€9,076
- Debts after one year +€24,879
up €24,879 (+45.0%), from €55,333 to €80,212
- Current portion of long-term debt +€9,457
up €9,457 (+107%), from €8,853 to €18,310
- Other debts -€8,439
down €8,439 (-18.3%), from €46,200 to €37,761
- Trade debts -€4,786
down €4,786 (-56.8%), from €8,424 to €3,638
- Gross operating margin -€7,853
down €7,853 (-11.0%), from €71,454 to €63,601
- Depreciation +€5,307
up €5,307 (+75.2%), from €7,053 to €12,360
- Taxes -€3,458
down €3,458 (-26.0%), from €13,325 to €9,867
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,388 | €174,759 | +€20,371 | +13.2% |
| Fixed assets | 21/28 | €72,162 | €116,762 | +€44,600 | +61.8% |
| Tangible fixed assets | 22/27 | €72,137 | €116,737 | +€44,600 | +61.8% |
| Land and buildings | 22 | €71,994 | €65,520 | -€6,474 | -9.0% |
| Plant, machinery and equipment | 23 | - | €2,161 | +€2,161 | |
| Furniture and vehicles | 24 | €143 | €49,056 | +€48,913 | +34,294% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €82,226 | €57,997 | -€24,230 | -29.5% |
| Amounts receivable within one year | 40/41 | €5,095 | €16,210 | +€11,115 | +218% |
| Trade receivables | 40 | - | €9,076 | +€9,076 | |
| Other amounts receivable | 41 | €5,095 | €7,133 | +€2,039 | +40.0% |
| Cash at bank and in hand | 54/58 | €77,132 | €41,787 | -€35,345 | -45.8% |
| Total equity and liabilities | 10/49 | €154,388 | €174,759 | +€20,371 | +13.2% |
| Equity | 10/15 | €27,111 | €27,111 | = | 0.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €20,861 | €20,861 | = | 0.0% |
| Distributable reserves | 133 | €20,861 | €20,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €127,277 | €147,647 | +€20,371 | +16.0% |
| Amounts payable after more than one year | 17 | €55,333 | €80,212 | +€24,879 | +45.0% |
| Financial debts | 170/4 | €55,333 | €80,212 | +€24,879 | +45.0% |
| Amounts payable within one year | 42/48 | €71,943 | €67,435 | -€4,509 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €8,853 | €18,310 | +€9,457 | +107% |
| Trade debts | 44 | €8,424 | €3,638 | -€4,786 | -56.8% |
| Suppliers | 440/4 | €8,424 | €3,638 | -€4,786 | -56.8% |
| Taxes, remuneration and social security | 45 | €8,466 | €7,726 | -€740 | -8.7% |
| Taxes | 450/3 | €8,466 | €7,726 | -€740 | -8.7% |
| Other amounts payable | 47/48 | €46,200 | €37,761 | -€8,439 | -18.3% |
| Non-recurring operating income | 76A | - | €3,141 | +€3,141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,053 | €12,360 | +€5,307 | +75.2% |
| Other operating charges | 640/8 | €2,410 | €1,781 | -€629 | -26.1% |
| Gross operating margin | 9900 | €71,454 | €63,601 | -€7,853 | -11.0% |
| Operating profit (loss) | 9901 | €61,991 | €49,460 | -€12,532 | -20.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,442 | €2,221 | -€220 | -9.0% |
| Recurring financial charges | 65 | €2,442 | €2,221 | -€220 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €59,550 | €47,238 | -€12,312 | -20.7% |
| Income taxes | 67/77 | €13,325 | €9,867 | -€3,458 | -26.0% |
| Profit (loss) for the period | 9904 | €46,225 | €37,372 | -€8,854 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,225 | €37,372 | -€8,854 | -19.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.