LANDRON: 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.
LANDRON
Largest movements
- Cash +€14,711
up €14,711 (+97.0%), from €15,159 to €29,870
mainly Depreciation (+€13,643) and Net result for the year (+€4,524)
- Tangible fixed assets -€12,309
down €12,309 (-25.1%), from €48,990 to €36,681
of which Furniture and vehicles: -€7,713
- Current investments +€1,400
new in 2025: €1,400
- Deferred charges and accrued income +€1,277
up €1,277 (+95.3%), from €1,341 to €2,618
- Receivables within one year -€909
down €909 (-12.0%), from €7,595 to €6,686
of which Trade receivables: -€2,428
- Profit (loss) carried forward +€4,524
new in 2025: €4,524
- Tax, wage and social debts -€1,530
down €1,530 (-72.0%), from €2,126 to €596
- Other debts +€1,058
up €1,058 (+5.0%), from €21,025 to €22,083
- Depreciation +€2,772
up €2,772 (+25.5%), from €10,871 to €13,643
- Financial charges -€1,219
down €1,219 (-95.7%), from €1,275 to €55
- Taxes -€377
down €377 (-17.7%), from €2,126 to €1,749
- Gross operating margin +€281
up €281 (+1.4%), from €20,152 to €20,433
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 | €73,085 | €77,255 | +€4,170 | +5.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €48,990 | €36,681 | -€12,309 | -25.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €48,990 | €36,681 | -€12,309 | -25.1% |
| Plant, machinery and equipment | 23 | €5,406 | €810 | -€4,596 | -85.0% |
| Furniture and vehicles | 24 | €43,585 | €35,872 | -€7,713 | -17.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €24,095 | €40,573 | +€16,479 | +68.4% |
| Amounts receivable within one year | 40/41 | €7,595 | €6,686 | -€909 | -12.0% |
| Trade receivables | 40 | €6,362 | €3,935 | -€2,428 | -38.2% |
| Other amounts receivable | 41 | €1,233 | €2,751 | +€1,518 | +123% |
| Current investments | 50/53 | - | €1,400 | +€1,400 | |
| Cash at bank and in hand | 54/58 | €15,159 | €29,870 | +€14,711 | +97.0% |
| Deferred charges and accrued income | 490/1 | €1,341 | €2,618 | +€1,277 | +95.3% |
| Total equity and liabilities | 10/49 | €73,085 | €77,255 | +€4,170 | +5.7% |
| Equity | 10/15 | €49,920 | €54,444 | +€4,524 | +9.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,920 | €29,920 | = | 0.0% |
| Distributable reserves | 133 | €29,920 | €29,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,524 | +€4,524 | |
| Amounts payable | 17/49 | €23,165 | €22,810 | -€354 | -1.5% |
| Amounts payable within one year | 42/48 | €23,165 | €22,810 | -€354 | -1.5% |
| Trade debts | 44 | €14 | €132 | +€118 | +838% |
| Suppliers | 440/4 | €14 | €132 | +€118 | +838% |
| Taxes, remuneration and social security | 45 | €2,126 | €596 | -€1,530 | -72.0% |
| Taxes | 450/3 | €2,126 | €596 | -€1,530 | -72.0% |
| Other amounts payable | 47/48 | €21,025 | €22,083 | +€1,058 | +5.0% |
| Non-recurring operating income | 76A | - | €2,750 | +€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,871 | €13,643 | +€2,772 | +25.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €20,152 | €20,433 | +€281 | +1.4% |
| Operating profit (loss) | 9901 | €8,832 | €6,328 | -€2,504 | -28.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,275 | €55 | -€1,219 | -95.7% |
| Recurring financial charges | 65 | €1,275 | €55 | -€1,219 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €7,557 | €6,273 | -€1,285 | -17.0% |
| Income taxes | 67/77 | €2,126 | €1,749 | -€377 | -17.7% |
| Profit (loss) for the period | 9904 | €5,432 | €4,524 | -€908 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,432 | €4,524 | -€908 | -16.7% |
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.