LANDMETER-EXPERT PATRICK PEETERS: 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.
LANDMETER-EXPERT PATRICK PEETERS
Largest movements
- Current investments -€327,710
down €327,710 (-22.2%), from €1.5m to €1.1m
- Receivables within one year -€16,509
down €16,509 (-37.5%), from €44,034 to €27,526
of which Trade receivables: -€23,182
- Reserves -€357,113
down €357,113 (-22.2%), from €1.6m to €1.2m
of which Distributable reserves: -€357,113
- Tax, wage and social debts -€18,467
down €18,467 (-64.4%), from €28,668 to €10,201
of which Taxes: -€19,279
- Gross operating margin -€22,526
down €22,526 (-5.8%), from €385,858 to €363,332
- Taxes -€16,215
down €16,215 (-15.3%), from €105,881 to €89,666
- Financial income -€7,121
down €7,121 (-92.9%), from €7,667 to €547
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 | €1,645,720 | €1,285,518 | -€360,202 | -21.9% |
| Fixed assets | 21/28 | €64,307 | €54,531 | -€9,776 | -15.2% |
| Tangible fixed assets | 22/27 | €64,122 | €54,346 | -€9,776 | -15.2% |
| Plant, machinery and equipment | 23 | €23,826 | €29,364 | +€5,538 | +23.2% |
| Furniture and vehicles | 24 | €39,309 | €24,488 | -€14,821 | -37.7% |
| Other tangible fixed assets | 26 | €987 | €493 | -€493 | -50.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €1,581,413 | €1,230,987 | -€350,426 | -22.2% |
| Amounts receivable within one year | 40/41 | €44,034 | €27,526 | -€16,509 | -37.5% |
| Trade receivables | 40 | €44,034 | €20,852 | -€23,182 | -52.6% |
| Other amounts receivable | 41 | - | €6,673 | +€6,673 | |
| Current investments | 50/53 | €1,473,657 | €1,145,947 | -€327,710 | -22.2% |
| Cash at bank and in hand | 54/58 | €60,507 | €54,241 | -€6,266 | -10.4% |
| Deferred charges and accrued income | 490/1 | €3,215 | €3,274 | +€58 | +1.8% |
| Total equity and liabilities | 10/49 | €1,645,720 | €1,285,518 | -€360,202 | -21.9% |
| Equity | 10/15 | €1,612,938 | €1,255,825 | -€357,113 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,606,738 | €1,249,625 | -€357,113 | -22.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,604,878 | €1,247,765 | -€357,113 | -22.3% |
| Amounts payable | 17/49 | €32,782 | €29,693 | -€3,089 | -9.4% |
| Amounts payable within one year | 42/48 | €32,782 | €29,693 | -€3,089 | -9.4% |
| Trade debts | 44 | €2,078 | €16,644 | +€14,566 | +701% |
| Suppliers | 440/4 | €2,078 | €16,644 | +€14,566 | +701% |
| Taxes, remuneration and social security | 45 | €28,668 | €10,201 | -€18,467 | -64.4% |
| Taxes | 450/3 | €20,325 | €1,046 | -€19,279 | -94.9% |
| Remuneration and social security | 454/9 | €8,343 | €9,155 | +€813 | +9.7% |
| Other amounts payable | 47/48 | €2,037 | €2,848 | +€811 | +39.8% |
| Remuneration, social security and pensions | 62 | €47,963 | €51,040 | +€3,077 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,944 | €21,652 | -€3,292 | -13.2% |
| Other operating charges | 640/8 | €1,787 | €1,866 | +€80 | +4.5% |
| Gross operating margin | 9900 | €385,858 | €363,332 | -€22,526 | -5.8% |
| Operating profit (loss) | 9901 | €311,165 | €288,774 | -€22,391 | -7.2% |
| Financial income | 75/76B | €7,667 | €547 | -€7,121 | -92.9% |
| Recurring financial income | 75 | €7,667 | €547 | -€7,121 | -92.9% |
| Financial charges | 65/66B | €903 | €1,082 | +€179 | +19.8% |
| Recurring financial charges | 65 | €903 | €1,082 | +€179 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €317,929 | €288,238 | -€29,691 | -9.3% |
| Income taxes | 67/77 | €105,881 | €89,666 | -€16,215 | -15.3% |
| Profit (loss) for the period | 9904 | €212,048 | €198,572 | -€13,476 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €212,048 | €198,572 | -€13,476 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.