LANDOR MANAGEMENT: 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.
LANDOR MANAGEMENT
Largest movements
- Cash +€23,948
up €23,948 (+28.2%), from €84,993 to €108,941
mainly Depreciation (+€19,922) and Net result for the year (+€12,619)
- Tangible fixed assets -€18,724
down €18,724 (-86.6%), from €21,633 to €2,909
- Receivables within one year -€6,155
down €6,155 (-5.1%), from €121,449 to €115,294
of which Trade receivables: -€14,458
- Reserves +€12,619
up €12,619 (+14.4%), from €87,579 to €100,199
of which Distributable reserves: +€12,619
- Debts after one year -€10,470
down €10,470 (-51.1%), from €20,483 to €10,013
- Tax, wage and social debts -€2,688
down €2,688 (-34.5%), from €7,785 to €5,097
of which Taxes: -€4,263
- Gross operating margin +€83,664
up €83,664, from -€47,927 to €35,737
- Taxes +€2,100
up €2,100 (+125%), from €1,674 to €3,774
- Depreciation -€990
down €990 (-4.7%), from €20,913 to €19,922
- Financial income +€842
up €842 (+28.0%), from €3,010 to €3,851
of which Financial income: +€852
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 | €230,292 | €228,982 | -€1,310 | -0.6% |
| Fixed assets | 21/28 | €22,633 | €3,909 | -€18,724 | -82.7% |
| Tangible fixed assets | 22/27 | €21,633 | €2,909 | -€18,724 | -86.6% |
| Furniture and vehicles | 24 | €21,633 | €2,909 | -€18,724 | -86.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €207,659 | €225,073 | +€17,414 | +8.4% |
| Amounts receivable within one year | 40/41 | €121,449 | €115,294 | -€6,155 | -5.1% |
| Trade receivables | 40 | €48,384 | €33,926 | -€14,458 | -29.9% |
| Other amounts receivable | 41 | €73,065 | €81,368 | +€8,304 | +11.4% |
| Cash at bank and in hand | 54/58 | €84,993 | €108,941 | +€23,948 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,217 | €838 | -€379 | -31.1% |
| Total equity and liabilities | 10/49 | €230,292 | €228,982 | -€1,310 | -0.6% |
| Equity | 10/15 | €183,262 | €195,881 | +€12,619 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €87,579 | €100,199 | +€12,619 | +14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,719 | €98,339 | +€12,619 | +14.7% |
| Profit (loss) carried forward | 14 | €89,482 | €89,482 | = | 0.0% |
| Amounts payable | 17/49 | €47,030 | €33,101 | -€13,929 | -29.6% |
| Amounts payable after more than one year | 17 | €20,483 | €10,013 | -€10,470 | -51.1% |
| Financial debts | 170/4 | €20,483 | €10,013 | -€10,470 | -51.1% |
| Amounts payable within one year | 42/48 | €26,547 | €22,788 | -€3,759 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €10,017 | €10,470 | +€453 | +4.5% |
| Trade debts | 44 | €775 | €417 | -€358 | -46.2% |
| Suppliers | 440/4 | €775 | €417 | -€358 | -46.2% |
| Taxes, remuneration and social security | 45 | €7,785 | €5,097 | -€2,688 | -34.5% |
| Taxes | 450/3 | €7,785 | €3,522 | -€4,263 | -54.8% |
| Remuneration and social security | 454/9 | - | €1,575 | +€1,575 | |
| Other amounts payable | 47/48 | €7,969 | €6,803 | -€1,166 | -14.6% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,913 | €19,922 | -€990 | -4.7% |
| Other operating charges | 640/8 | €1,408 | €1,550 | +€141 | +10.0% |
| Gross operating margin | 9900 | -€47,927 | €35,737 | +€83,664 | |
| Operating profit (loss) | 9901 | -€70,248 | €14,265 | +€84,513 | |
| Financial income | 75/76B | €3,010 | €3,851 | +€842 | +28.0% |
| Recurring financial income | 75 | €3,000 | €3,851 | +€852 | +28.4% |
| Non-recurring financial income | 76B | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,740 | €1,723 | -€16 | -0.9% |
| Recurring financial charges | 65 | €1,740 | €1,723 | -€16 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€68,978 | €16,393 | +€85,371 | |
| Income taxes | 67/77 | €1,674 | €3,774 | +€2,100 | +125% |
| Profit (loss) for the period | 9904 | -€70,652 | €12,619 | +€83,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,652 | €12,619 | +€83,271 |
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 31 October 2026 via checked.be.