LANDSCAPING: what changed
LANDSCAPING
Largest movements
- Stocks and contracts -€87,354
down €87,354 (-78.0%), from €112,058 to €24,705
of which Contracts in progress: -€51,769
- Cash +€86,275
up €86,275 (+1,523%), from €5,666 to €91,941
mainly Stocks and contracts (+€87,354) and Trade debts (+€79,764)
- Receivables within one year +€54,131
up €54,131 (+54.0%), from €100,221 to €154,352
of which Trade receivables: +€51,901
- Tangible fixed assets -€12,104
down €12,104 (-36.3%), from €33,355 to €21,251
of which Furniture and vehicles: -€8,633
- Trade debts +€79,764
up €79,764 (+95.0%), from €83,954 to €163,717
- Profit (loss) carried forward -€44,158
down €44,158 (-2,898%), from -€1,524 to -€45,681
- Tax, wage and social debts +€26,076
up €26,076 (+56.0%), from €46,545 to €72,620
of which Taxes: +€23,123
- Short-term financial debts -€10,349
down €10,349 (-100%), from €10,349 to €0
- Debts after one year -€6,520
down €6,520 (-57.0%), from €11,429 to €4,909
- Gross operating margin +€89,324
up €89,324 (+18.1%), from €492,967 to €582,291
- Staff costs +€54,838
up €54,838 (+10.5%), from €523,811 to €578,649
- Write-downs +€27,835
new in 2025: €27,835
- Depreciation -€8,127
down €8,127 (-36.4%), from €22,314 to €14,187
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,423 | €295,140 | +€41,717 | +16.5% |
| Fixed assets | 21/28 | €33,923 | €21,818 | -€12,104 | -35.7% |
| Tangible fixed assets | 22/27 | €33,355 | €21,251 | -€12,104 | -36.3% |
| Land and buildings | 22 | €3,043 | €2,356 | -€686 | -22.6% |
| Plant, machinery and equipment | 23 | €13,934 | €11,149 | -€2,785 | -20.0% |
| Furniture and vehicles | 24 | €16,379 | €7,746 | -€8,633 | -52.7% |
| Financial fixed assets | 28 | €568 | €568 | = | 0.0% |
| Current assets | 29/58 | €219,501 | €273,322 | +€53,821 | +24.5% |
| Stocks and contracts in progress | 3 | €112,058 | €24,705 | -€87,354 | -78.0% |
| Stocks | 30/36 | €60,289 | €24,705 | -€35,584 | -59.0% |
| Contracts in progress | 37 | €51,769 | €0 | -€51,769 | -100% |
| Amounts receivable within one year | 40/41 | €100,221 | €154,352 | +€54,131 | +54.0% |
| Trade receivables | 40 | €98,222 | €150,123 | +€51,901 | +52.8% |
| Other amounts receivable | 41 | €1,999 | €4,229 | +€2,230 | +112% |
| Cash at bank and in hand | 54/58 | €5,666 | €91,941 | +€86,275 | +1,523% |
| Deferred charges and accrued income | 490/1 | €1,555 | €2,324 | +€768 | +49.4% |
| Total equity and liabilities | 10/49 | €253,423 | €295,140 | +€41,717 | +16.5% |
| Equity | 10/15 | €91,532 | €47,374 | -€44,158 | -48.2% |
| Contributions | 10/11 | €84,000 | €84,000 | = | 0.0% |
| Capital | 10 | €84,000 | €84,000 | = | 0.0% |
| Issued capital | 100 | €84,000 | €84,000 | = | 0.0% |
| Reserves | 13 | €9,055 | €9,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,405 | €8,405 | = | 0.0% |
| Legal reserve | 130 | €8,400 | €8,400 | = | 0.0% |
| Other | 1319 | €5 | €5 | = | 0.0% |
| Tax-exempt reserves | 132 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,524 | -€45,681 | -€44,158 | -2,898% |
| Amounts payable | 17/49 | €161,892 | €247,766 | +€85,874 | +53.0% |
| Amounts payable after more than one year | 17 | €11,429 | €4,909 | -€6,520 | -57.0% |
| Financial debts | 170/4 | €11,429 | €4,909 | -€6,520 | -57.0% |
| Amounts payable within one year | 42/48 | €150,463 | €242,857 | +€92,394 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €9,616 | €6,520 | -€3,096 | -32.2% |
| Financial debts | 43 | €10,349 | €0 | -€10,349 | -100% |
| Credit institutions | 430/8 | €10,349 | €0 | -€10,349 | -100% |
| Trade debts | 44 | €83,954 | €163,717 | +€79,764 | +95.0% |
| Suppliers | 440/4 | €83,954 | €163,717 | +€79,764 | +95.0% |
| Taxes, remuneration and social security | 45 | €46,545 | €72,620 | +€26,076 | +56.0% |
| Taxes | 450/3 | €8,174 | €31,297 | +€23,123 | +283% |
| Remuneration and social security | 454/9 | €38,371 | €41,323 | +€2,952 | +7.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €523,811 | €578,649 | +€54,838 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,314 | €14,187 | -€8,127 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,835 | +€27,835 | |
| Other operating charges | 640/8 | €4,831 | €4,586 | -€246 | -5.1% |
| Gross operating margin | 9900 | €492,967 | €582,291 | +€89,324 | +18.1% |
| Operating profit (loss) | 9901 | -€57,990 | -€42,966 | +€15,024 | +25.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +125% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +125% |
| Financial charges | 65/66B | €1,985 | €1,193 | -€792 | -39.9% |
| Recurring financial charges | 65 | €1,985 | €1,193 | -€792 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,974 | -€44,158 | +€15,816 | +26.4% |
| Income taxes | 67/77 | €431 | €0 | -€431 | -100% |
| Profit (loss) for the period | 9904 | -€60,405 | -€44,158 | +€16,247 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,405 | -€44,158 | +€16,247 | +26.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.