LANDSCAPE MAILING: 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.
What changed
LANDSCAPE MAILING
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€85,113
2024 · €93,305-€8,192
Equity
€712,232
2024 · €628,461+€83,771
Cash
€15,073
2024 · €8,572+€6,501
Balance sheet total
€753,344
2024 · €686,914+€66,431
Largest movements
Assets
- Receivables within one year +€66,712
up €66,712 (+10.2%), from €656,170 to €722,881
of which Other amounts receivable: +€72,056
Equity and liabilities
- Profit (loss) carried forward +€83,771
up €83,771 (+13.5%), from €620,381 to €704,152
Income statement
- Gross operating margin -€18,543
down €18,543 (-19.1%), from €97,148 to €78,605
- Taxes -€10,026
down €10,026 (-42.2%), from €23,771 to €13,745
- Financial charges -€1,320
down €1,320 (-22.1%), from €5,980 to €4,660
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.
Result 2024
€93,305
Gross operating margin
-€18,543
Staff costs
-€88
Depreciation
+€0
Other operating charges
-€124
Financial income
-€784
Financial charges
+€1,320
Taxes
+€10,026
Result 2025
€85,113
raises the resultlowers the result
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.
From operations
+€18,386
Investment
€0
Financing
-€11,884
Cash 2024
€8,572
From operations (derived)
+€18,386
Net result for the year
+€85,113
Depreciation
+€6,785
Receivables within one year
-€66,712
Deferred charges and accrued income
-€2
Trade debts
-€6,798
Financing
-€11,884
Debts after one year
-€5,294
Current portion of long-term debt
+€252
Short-term financial debts
-€5,500
Contributions, distributions and other
-€1,342
Cash 2025
€15,073
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,914 | €753,344 | +€66,431 | +9.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,934 | €15,149 | -€6,785 | -30.9% |
| Tangible fixed assets | 22/27 | €18,334 | €11,549 | -€6,785 | -37.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €18,334 | €11,549 | -€6,785 | -37.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €664,980 | €738,195 | +€73,215 | +11.0% |
| Amounts receivable within one year | 40/41 | €656,170 | €722,881 | +€66,712 | +10.2% |
| Trade receivables | 40 | €6,244 | €900 | -€5,344 | -85.6% |
| Other amounts receivable | 41 | €649,926 | €721,981 | +€72,056 | +11.1% |
| Cash at bank and in hand | 54/58 | €8,572 | €15,073 | +€6,501 | +75.8% |
| Deferred charges and accrued income | 490/1 | €238 | €240 | +€2 | +1.0% |
| Total equity and liabilities | 10/49 | €686,914 | €753,344 | +€66,431 | +9.7% |
| Equity | 10/15 | €628,461 | €712,232 | +€83,771 | +13.3% |
| Contributions | 10/11 | €6,220 | €6,220 | = | 0.0% |
| Contributions outside capital | 11 | €6,220 | €6,220 | = | 0.0% |
| Other | 1109/19 | €6,220 | €6,220 | = | 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 | €620,381 | €704,152 | +€83,771 | +13.5% |
| Amounts payable | 17/49 | €58,452 | €41,112 | -€17,340 | -29.7% |
| Amounts payable after more than one year | 17 | €18,697 | €13,403 | -€5,294 | -28.3% |
| Financial debts | 170/4 | €18,697 | €13,403 | -€5,294 | -28.3% |
| Amounts payable within one year | 42/48 | €39,755 | €27,709 | -€12,046 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €5,042 | €5,294 | +€252 | +5.0% |
| Financial debts | 43 | €27,500 | €22,000 | -€5,500 | -20.0% |
| Credit institutions | 430/8 | €27,500 | €22,000 | -€5,500 | -20.0% |
| Trade debts | 44 | €7,212 | €415 | -€6,798 | -94.3% |
| Suppliers | 440/4 | €7,212 | €415 | -€6,798 | -94.3% |
| Remuneration, social security and pensions | 62 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,785 | €6,785 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,779 | €2,902 | +€124 | +4.4% |
| Gross operating margin | 9900 | €97,148 | €78,605 | -€18,543 | -19.1% |
| Operating profit (loss) | 9901 | €87,585 | €68,831 | -€18,754 | -21.4% |
| Financial income | 75/76B | €35,471 | €34,687 | -€784 | -2.2% |
| Recurring financial income | 75 | €34,188 | €34,687 | +€499 | +1.5% |
| Non-recurring financial income | 76B | €1,283 | - | -€1,283 | |
| Financial charges | 65/66B | €5,980 | €4,660 | -€1,320 | -22.1% |
| Recurring financial charges | 65 | €5,980 | €4,660 | -€1,320 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €117,076 | €98,858 | -€18,219 | -15.6% |
| Income taxes | 67/77 | €23,771 | €13,745 | -€10,026 | -42.2% |
| Profit (loss) for the period | 9904 | €93,305 | €85,113 | -€8,192 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,305 | €85,113 | -€8,192 | -8.8% |
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 16 October 2026 via checked.be.