LANDMERK: what changed
LANDMERK
Largest movements
- Deferred charges and accrued income -€17,675
no longer reported in 2025 (was €17,675)
- Cash +€8,825
up €8,825 (+33.8%), from €26,116 to €34,941
mainly Deferred charges and accrued income (+€17,675) and Receivables within one year (+€7,775)
- Receivables within one year -€7,775
down €7,775 (-52.5%), from €14,815 to €7,040
- Other debts -€9,664
down €9,664 (-59.8%), from €16,150 to €6,486
- Debts after one year -€7,718
down €7,718 (-79.8%), from €9,668 to €1,950
- Reserves +€5,951
up €5,951 (+22.3%), from €26,675 to €32,626
- Tax, wage and social debts -€4,324
down €4,324 (-16.1%), from €26,776 to €22,452
- Trade debts -€1,360
down €1,360 (-93.6%), from €1,452 to €92
- Gross operating margin -€4,067
down €4,067 (-30.2%), from €13,480 to €9,412
- Taxes -€3,698
down €3,698 (-58.3%), from €6,345 to €2,647
- Financial charges -€231
down €231 (-37.4%), from €618 to €386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,313 | €76,324 | -€16,989 | -18.2% |
| Fixed assets | 21/28 | €34,707 | €34,343 | -€364 | -1.0% |
| Tangible fixed assets | 22/27 | €707 | €343 | -€364 | -51.5% |
| Plant, machinery and equipment | 23 | €707 | €343 | -€364 | -51.5% |
| Financial fixed assets | 28 | €34,000 | €34,000 | = | 0.0% |
| Current assets | 29/58 | €58,606 | €41,981 | -€16,624 | -28.4% |
| Amounts receivable within one year | 40/41 | €14,815 | €7,040 | -€7,775 | -52.5% |
| Trade receivables | 40 | €14,815 | €7,040 | -€7,775 | -52.5% |
| Cash at bank and in hand | 54/58 | €26,116 | €34,941 | +€8,825 | +33.8% |
| Deferred charges and accrued income | 490/1 | €17,675 | - | -€17,675 | |
| Total equity and liabilities | 10/49 | €93,313 | €76,324 | -€16,989 | -18.2% |
| Equity | 10/15 | €31,675 | €37,626 | +€5,951 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,675 | €32,626 | +€5,951 | +22.3% |
| Distributable reserves | 133 | €26,675 | €32,626 | +€5,951 | +22.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €61,638 | €38,698 | -€22,940 | -37.2% |
| Amounts payable after more than one year | 17 | €9,668 | €1,950 | -€7,718 | -79.8% |
| Financial debts | 170/4 | €9,668 | €1,950 | -€7,718 | -79.8% |
| Amounts payable within one year | 42/48 | €51,970 | €36,749 | -€15,221 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €7,592 | €7,718 | +€126 | +1.7% |
| Trade debts | 44 | €1,452 | €92 | -€1,360 | -93.6% |
| Suppliers | 440/4 | €1,452 | €92 | -€1,360 | -93.6% |
| Taxes, remuneration and social security | 45 | €26,776 | €22,452 | -€4,324 | -16.1% |
| Taxes | 450/3 | €26,776 | €22,452 | -€4,324 | -16.1% |
| Other amounts payable | 47/48 | €16,150 | €6,486 | -€9,664 | -59.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €364 | = | 0.0% |
| Other operating charges | 640/8 | €117 | €63 | -€53 | -45.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,480 | €9,412 | -€4,067 | -30.2% |
| Operating profit (loss) | 9901 | €12,999 | €8,985 | -€4,014 | -30.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €618 | €386 | -€231 | -37.4% |
| Recurring financial charges | 65 | €618 | €386 | -€231 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €12,381 | €8,598 | -€3,783 | -30.6% |
| Income taxes | 67/77 | €6,345 | €2,647 | -€3,698 | -58.3% |
| Profit (loss) for the period | 9904 | €6,036 | €5,951 | -€85 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,036 | €5,951 | -€85 | -1.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.