LANDSLAG SRL: 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
LANDSLAG SRL
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,160
2024 · -€23,912+€14,753
Equity
€752,014
2024 · €800,674-€48,660
Cash
€23,492
2024 · €23,690-€199
Balance sheet total
€933,640
2024 · €983,716-€50,076
Largest movements
Assets
- Tangible fixed assets -€39,548
down €39,548 (-4.7%), from €850,276 to €810,728
of which Land and buildings: -€20,466
- Receivables within one year -€14,148
down €14,148 (-23.2%), from €60,869 to €46,721
of which Trade receivables: -€8,614
Equity and liabilities
- Reserves -€52,042
down €52,042 (-7.5%), from €696,770 to €644,728
of which Distributable reserves: -€39,500
Income statement
- Gross operating margin +€23,089
up €23,089 (+56.7%), from €40,743 to €63,832
- Depreciation +€7,070
up €7,070 (+17.7%), from €39,832 to €46,902
- Other operating charges +€6,634
up €6,634 (+20.6%), from €32,193 to €38,827
- Financial income +€4,626
up €4,626 (+101%), from €4,574 to €9,200
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
-€23,912
Gross operating margin
+€23,089
Depreciation
-€7,070
Other operating charges
-€6,634
Financial income
+€4,626
Financial charges
+€635
Taxes
-€7
Deferred taxes and other
+€112
Result 2025
-€9,160
raises the resultlowers the resultnot broken down further in the accounts
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
+€53,373
Investment
-€10,000
Financing
-€43,572
Cash 2024
€23,690
From operations (derived)
+€53,373
Net result for the year
-€9,160
Depreciation
+€46,902
Receivables within one year
+€14,148
Deferred charges and accrued income
-€1,173
Provisions
-€4,181
Trade debts
-€2,980
Tax, wage and social debts
-€1,365
Other debts
+€6,422
Accrued charges and deferred income
+€4,759
Investment (derived)
-€10,000
Investment in fixed assets (net)
-€7,354
Current investments
-€2,646
Financing
-€43,572
Debts after one year
-€349
Current portion of long-term debt
-€3,723
Contributions, distributions and other
-€39,500
Cash 2025
€23,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €983,716 | €933,640 | -€50,076 | -5.1% |
| Fixed assets | 21/28 | €850,276 | €810,728 | -€39,548 | -4.7% |
| Tangible fixed assets | 22/27 | €850,276 | €810,728 | -€39,548 | -4.7% |
| Land and buildings | 22 | €689,770 | €669,304 | -€20,466 | -3.0% |
| Plant, machinery and equipment | 23 | €146,509 | €135,712 | -€10,797 | -7.4% |
| Furniture and vehicles | 24 | €13,997 | €5,711 | -€8,285 | -59.2% |
| Current assets | 29/58 | €133,441 | €122,913 | -€10,528 | -7.9% |
| Amounts receivable within one year | 40/41 | €60,869 | €46,721 | -€14,148 | -23.2% |
| Trade receivables | 40 | €51,176 | €42,562 | -€8,614 | -16.8% |
| Other amounts receivable | 41 | €9,693 | €4,159 | -€5,534 | -57.1% |
| Current investments | 50/53 | €47,989 | €50,635 | +€2,646 | +5.5% |
| Cash at bank and in hand | 54/58 | €23,690 | €23,492 | -€199 | -0.8% |
| Deferred charges and accrued income | 490/1 | €892 | €2,066 | +€1,173 | +131% |
| Total equity and liabilities | 10/49 | €983,716 | €933,640 | -€50,076 | -5.1% |
| Equity | 10/15 | €800,674 | €752,014 | -€48,660 | -6.1% |
| Contributions | 10/11 | €141,400 | €141,400 | = | 0.0% |
| Reserves | 13 | €696,770 | €644,728 | -€52,042 | -7.5% |
| Non-distributable reserves | 130/1 | €4,316 | €4,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,316 | €4,316 | = | 0.0% |
| Tax-exempt reserves | 132 | €606,954 | €594,412 | -€12,542 | -2.1% |
| Distributable reserves | 133 | €85,500 | €46,000 | -€39,500 | -46.2% |
| Profit (loss) carried forward | 14 | -€37,496 | -€34,114 | +€3,382 | +9.0% |
| Provisions and deferred taxes | 16 | €105,488 | €101,307 | -€4,181 | -4.0% |
| Deferred taxes | 168 | €105,488 | €101,307 | -€4,181 | -4.0% |
| Amounts payable | 17/49 | €77,554 | €80,319 | +€2,765 | +3.6% |
| Amounts payable after more than one year | 17 | €349 | €0 | -€349 | -100% |
| Financial debts | 170/4 | €349 | €0 | -€349 | -100% |
| Amounts payable within one year | 42/48 | €26,814 | €25,168 | -€1,646 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €4,064 | €341 | -€3,723 | -91.6% |
| Trade debts | 44 | €9,889 | €6,909 | -€2,980 | -30.1% |
| Suppliers | 440/4 | €9,889 | €6,909 | -€2,980 | -30.1% |
| Taxes, remuneration and social security | 45 | €9,651 | €8,286 | -€1,365 | -14.1% |
| Taxes | 450/3 | €9,651 | €8,286 | -€1,365 | -14.1% |
| Other amounts payable | 47/48 | €3,209 | €9,632 | +€6,422 | +200% |
| Accrued charges and deferred income | 492/3 | €50,392 | €55,151 | +€4,759 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,832 | €46,902 | +€7,070 | +17.7% |
| Other operating charges | 640/8 | €32,193 | €38,827 | +€6,634 | +20.6% |
| Gross operating margin | 9900 | €40,743 | €63,832 | +€23,089 | +56.7% |
| Operating profit (loss) | 9901 | -€31,283 | -€21,897 | +€9,386 | +30.0% |
| Financial income | 75/76B | €4,574 | €9,200 | +€4,626 | +101% |
| Recurring financial income | 75 | €4,574 | €9,200 | +€4,626 | +101% |
| Financial charges | 65/66B | €872 | €237 | -€635 | -72.8% |
| Recurring financial charges | 65 | €872 | €237 | -€635 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,580 | -€12,933 | +€14,647 | +53.1% |
| Transfer from deferred taxes | 780 | €4,068 | €4,181 | +€112 | +2.8% |
| Income taxes | 67/77 | €401 | €407 | +€7 | +1.6% |
| Profit (loss) for the period | 9904 | -€23,912 | -€9,160 | +€14,753 | +61.7% |
| Transfer from tax-exempt reserves | 789 | €12,205 | €12,542 | +€337 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,707 | €3,382 | +€15,089 |
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 28 October 2026 via checked.be.