Lands: what changed
Two fiscal 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.
Lands
Largest movements
- Tangible fixed assets +€31,341
up €31,341 (+68.5%), from €45,764 to €77,105
of which Plant, machinery and equipment: +€32,943
- Cash -€16,118
down €16,118 (-67.2%), from €23,971 to €7,853
mainly Investment in fixed assets (net) (-€41,374) and Trade debts (-€717)
- Receivables within one year -€9,375
down €9,375 (-17.9%), from €52,342 to €42,967
of which Other amounts receivable: -€17,482
- Profit (loss) carried forward +€6,557
up €6,557 (+6.1%), from €108,208 to €114,765
- Depreciation +€3,374
up €3,374 (+50.7%), from €6,659 to €10,033
- Gross operating margin -€1,320
down €1,320 (-6.3%), from €21,002 to €19,682
- Taxes -€458
down €458 (-13.3%), from €3,444 to €2,987
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.
Cash bridge derived
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 | €124,397 | €130,245 | +€5,848 | +4.7% |
| Fixed assets | 21/28 | €45,764 | €77,105 | +€31,341 | +68.5% |
| Tangible fixed assets | 22/27 | €45,764 | €77,105 | +€31,341 | +68.5% |
| Plant, machinery and equipment | 23 | €40,023 | €72,966 | +€32,943 | +82.3% |
| Furniture and vehicles | 24 | €5,740 | €4,138 | -€1,602 | -27.9% |
| Current assets | 29/58 | €78,633 | €53,140 | -€25,493 | -32.4% |
| Amounts receivable within one year | 40/41 | €52,342 | €42,967 | -€9,375 | -17.9% |
| Trade receivables | 40 | €7,145 | €15,253 | +€8,107 | +113.5% |
| Other amounts receivable | 41 | €45,197 | €27,715 | -€17,482 | -38.7% |
| Cash at bank and in hand | 54/58 | €23,971 | €7,853 | -€16,118 | -67.2% |
| Deferred charges and accrued income | 490/1 | €2,320 | €2,320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €124,397 | €130,245 | +€5,848 | +4.7% |
| Equity | 10/15 | €116,268 | €122,825 | +€6,557 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,208 | €114,765 | +€6,557 | +6.1% |
| Amounts payable | 17/49 | €8,128 | €7,420 | -€709 | -8.7% |
| Amounts payable within one year | 42/48 | €8,128 | €7,420 | -€709 | -8.7% |
| Trade debts | 44 | €1,472 | €755 | -€717 | -48.7% |
| Suppliers | 440/4 | €1,472 | €755 | -€717 | -48.7% |
| Taxes, remuneration and social security | 45 | €6,656 | €6,665 | +€9 | +0.1% |
| Taxes | 450/3 | €6,656 | €6,665 | +€9 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,659 | €10,033 | +€3,374 | +50.7% |
| Other operating charges | 640/8 | €103 | - | -€103 | |
| Gross operating margin | 9900 | €21,002 | €19,682 | -€1,320 | -6.3% |
| Operating profit (loss) | 9901 | €14,241 | €9,650 | -€4,591 | -32.2% |
| Financial charges | 65/66B | €189 | €106 | -€83 | -43.7% |
| Recurring financial charges | 65 | €189 | €106 | -€83 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €14,052 | €9,543 | -€4,508 | -32.1% |
| Income taxes | 67/77 | €3,444 | €2,987 | -€458 | -13.3% |
| Profit (loss) for the period | 9904 | €10,608 | €6,557 | -€4,051 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,608 | €6,557 | -€4,051 | -38.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.