LANDOU: 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.
LANDOU
Largest movements
- Tangible fixed assets +€206,430
up €206,430 (+12.3%), from €1.7m to €1.9m
of which Land and buildings: +€197,618
- Cash +€106,429
up €106,429 (+28.1%), from €379,176 to €485,605
mainly Other debts (+€310,932) and Net result for the year (+€115,564)
- Other debts +€310,932
up €310,932 (+277%), from €112,411 to €423,343
- Reserves +€115,564
up €115,564 (+6.4%), from €1.8m to €1.9m
of which Distributable reserves: +€116,758
- Tax, wage and social debts -€85,998
down €85,998 (-86.9%), from €98,922 to €12,924
- Gross operating margin -€196,338
down €196,338 (-35.9%), from €546,903 to €350,565
- Taxes -€72,780
down €72,780 (-53.7%), from €135,558 to €62,778
- Financial charges -€15,337
down €15,337 (-39.2%), from €39,132 to €23,795
- Financial income -€10,156
down €10,156 (-76.6%), from €13,263 to €3,107
- Other operating charges +€5,566
up €5,566 (+79.7%), from €6,981 to €12,547
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 | €2,121,400 | €2,450,229 | +€328,830 | +15.5% |
| Fixed assets | 21/28 | €1,672,973 | €1,879,402 | +€206,430 | +12.3% |
| Tangible fixed assets | 22/27 | €1,672,973 | €1,879,402 | +€206,430 | +12.3% |
| Land and buildings | 22 | €1,480,290 | €1,677,908 | +€197,618 | +13.3% |
| Furniture and vehicles | 24 | €192,683 | €201,495 | +€8,812 | +4.6% |
| Current assets | 29/58 | €448,427 | €570,827 | +€122,400 | +27.3% |
| Amounts receivable within one year | 40/41 | €64,352 | €82,326 | +€17,974 | +27.9% |
| Trade receivables | 40 | €38,730 | €37,559 | -€1,171 | -3.0% |
| Other amounts receivable | 41 | €25,622 | €44,767 | +€19,145 | +74.7% |
| Cash at bank and in hand | 54/58 | €379,176 | €485,605 | +€106,429 | +28.1% |
| Deferred charges and accrued income | 490/1 | €4,899 | €2,896 | -€2,003 | -40.9% |
| Total equity and liabilities | 10/49 | €2,121,400 | €2,450,229 | +€328,830 | +15.5% |
| Equity | 10/15 | €1,831,630 | €1,947,193 | +€115,564 | +6.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,806,630 | €1,922,193 | +€115,564 | +6.4% |
| Tax-exempt reserves | 132 | €107,265 | €106,070 | -€1,195 | -1.1% |
| Distributable reserves | 133 | €1,699,365 | €1,816,123 | +€116,758 | +6.9% |
| Provisions and deferred taxes | 16 | €35,755 | €35,357 | -€398 | -1.1% |
| Deferred taxes | 168 | €35,755 | €35,357 | -€398 | -1.1% |
| Amounts payable | 17/49 | €254,015 | €467,679 | +€213,664 | +84.1% |
| Amounts payable within one year | 42/48 | €212,975 | €439,521 | +€226,546 | +106% |
| Trade debts | 44 | €1,643 | €3,254 | +€1,611 | +98.1% |
| Suppliers | 440/4 | €1,643 | €3,254 | +€1,611 | +98.1% |
| Taxes, remuneration and social security | 45 | €98,922 | €12,924 | -€85,998 | -86.9% |
| Taxes | 450/3 | €98,922 | €12,924 | -€85,998 | -86.9% |
| Other amounts payable | 47/48 | €112,411 | €423,343 | +€310,932 | +277% |
| Accrued charges and deferred income | 492/3 | €41,040 | €28,158 | -€12,881 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,181 | €87,678 | +€4,497 | +5.4% |
| Other operating charges | 640/8 | €6,981 | €12,547 | +€5,566 | +79.7% |
| Non-recurring operating charges | 66A | - | €51,709 | +€51,709 | |
| Gross operating margin | 9900 | €546,903 | €350,565 | -€196,338 | -35.9% |
| Operating profit (loss) | 9901 | €456,741 | €198,632 | -€258,109 | -56.5% |
| Financial income | 75/76B | €13,263 | €3,107 | -€10,156 | -76.6% |
| Recurring financial income | 75 | €13,263 | €3,107 | -€10,156 | -76.6% |
| Financial charges | 65/66B | €39,132 | €23,795 | -€15,337 | -39.2% |
| Recurring financial charges | 65 | €39,132 | €23,795 | -€15,337 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €430,871 | €177,943 | -€252,927 | -58.7% |
| Transfer from deferred taxes | 780 | €214 | €398 | +€184 | +86.0% |
| Income taxes | 67/77 | €135,558 | €62,778 | -€72,780 | -53.7% |
| Profit (loss) for the period | 9904 | €295,527 | €115,564 | -€179,963 | -60.9% |
| Transfer from tax-exempt reserves | 789 | €642 | €1,195 | +€552 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €296,169 | €116,758 | -€179,411 | -60.6% |
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 15 October 2026 via checked.be.