LANDORA: 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.
LANDORA
Largest movements
- Current investments +€30,000
up €30,000 (+50.0%), from €60,000 to €90,000
- Tangible fixed assets -€7,692
down €7,692 (-23.1%), from €33,296 to €25,604
of which Furniture and vehicles: -€10,959
- Receivables within one year +€7,048
up €7,048 (+79.8%), from €8,833 to €15,881
of which Trade receivables: +€7,048
- Cash -€3,901
down €3,901 (-6.0%), from €65,259 to €61,358
mainly Current investments (-€30,000) and Debts after one year (-€14,428)
- Profit (loss) carried forward +€53,322
up €53,322 (+53.0%), from €100,633 to €153,955
- Debts after one year -€14,428
down €14,428 (-92.2%), from €15,655 to €1,227
- Tax, wage and social debts -€13,943
down €13,943 (-39.8%), from €34,997 to €21,054
No income-statement line moved by more than 1% of the activity.
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 | €167,388 | €192,843 | +€25,455 | +15.2% |
| Fixed assets | 21/28 | €33,296 | €25,604 | -€7,692 | -23.1% |
| Tangible fixed assets | 22/27 | €33,296 | €25,604 | -€7,692 | -23.1% |
| Plant, machinery and equipment | 23 | - | €3,267 | +€3,267 | |
| Furniture and vehicles | 24 | €33,296 | €22,338 | -€10,959 | -32.9% |
| Current assets | 29/58 | €134,092 | €167,239 | +€33,147 | +24.7% |
| Amounts receivable within one year | 40/41 | €8,833 | €15,881 | +€7,048 | +79.8% |
| Trade receivables | 40 | €8,833 | €15,881 | +€7,048 | +79.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €60,000 | €90,000 | +€30,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €65,259 | €61,358 | -€3,901 | -6.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €167,388 | €192,843 | +€25,455 | +15.2% |
| Equity | 10/15 | €100,733 | €154,055 | +€53,322 | +52.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,633 | €153,955 | +€53,322 | +53.0% |
| Amounts payable | 17/49 | €66,655 | €38,788 | -€27,867 | -41.8% |
| Amounts payable after more than one year | 17 | €15,655 | €1,227 | -€14,428 | -92.2% |
| Financial debts | 170/4 | €15,655 | €1,227 | -€14,428 | -92.2% |
| Amounts payable within one year | 42/48 | €51,000 | €37,562 | -€13,439 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €13,901 | €14,428 | +€528 | +3.8% |
| Trade debts | 44 | €1,215 | €1,297 | +€82 | +6.7% |
| Suppliers | 440/4 | €1,215 | €1,297 | +€82 | +6.7% |
| Taxes, remuneration and social security | 45 | €34,997 | €21,054 | -€13,943 | -39.8% |
| Taxes | 450/3 | €34,997 | €21,054 | -€13,943 | -39.8% |
| Other amounts payable | 47/48 | €888 | €783 | -€105 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,959 | €11,133 | +€175 | +1.6% |
| Other operating charges | 640/8 | €402 | €814 | +€412 | +103% |
| Gross operating margin | 9900 | €78,303 | €78,664 | +€362 | +0.5% |
| Operating profit (loss) | 9901 | €66,942 | €66,717 | -€225 | -0.3% |
| Financial income | 75/76B | €973 | €1,305 | +€332 | +34.2% |
| Recurring financial income | 75 | €973 | €1,305 | +€332 | +34.2% |
| Financial charges | 65/66B | €1,513 | €973 | -€540 | -35.7% |
| Recurring financial charges | 65 | €1,513 | €973 | -€540 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €66,402 | €67,050 | +€647 | +1.0% |
| Income taxes | 67/77 | €13,598 | €13,728 | +€130 | +1.0% |
| Profit (loss) for the period | 9904 | €52,805 | €53,322 | +€517 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,805 | €53,322 | +€517 | +1.0% |
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 24 October 2026 via checked.be.