LANDSRODE: 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.
LANDSRODE
Largest movements
- Cash +€88,399
up €88,399 (+68.3%), from €129,438 to €217,837
mainly Depreciation (+€135,154) and Receivables within one year (+€76,168)
- Receivables within one year -€76,168
down €76,168 (-12.2%), from €624,893 to €548,725
of which Trade receivables: -€88,564
- Tangible fixed assets -€58,109
down €58,109 (-17.0%), from €340,864 to €282,755
- Stocks and contracts +€20,700
up €20,700 (+42.6%), from €48,640 to €69,340
- Trade debts +€45,597
up €45,597 (+37.1%), from €122,868 to €168,465
- Debts after one year -€33,334
no longer reported in 2025 (was €33,334)
- Tax, wage and social debts -€24,793
down €24,793 (-62.4%), from €39,737 to €14,944
of which Taxes: -€24,244
- Current portion of long-term debt -€15,327
down €15,327 (-31.5%), from €48,660 to €33,333
- Gross operating margin -€25,233
down €25,233 (-5.4%), from €466,500 to €441,267
- Taxes -€13,471
down €13,471 (-95.2%), from €14,148 to €677
- Depreciation +€9,523
up €9,523 (+7.6%), from €125,631 to €135,154
- Financial charges -€7,086
down €7,086 (-68.1%), from €10,398 to €3,312
- Staff costs -€5,281
down €5,281 (-1.8%), from €295,317 to €290,036
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 | €1,174,789 | €1,150,442 | -€24,347 | -2.1% |
| Fixed assets | 21/28 | €340,864 | €282,755 | -€58,109 | -17.0% |
| Tangible fixed assets | 22/27 | €340,864 | €282,755 | -€58,109 | -17.0% |
| Land and buildings | 22 | €54,724 | €27,005 | -€27,719 | -50.7% |
| Plant, machinery and equipment | 23 | €268,129 | €244,684 | -€23,445 | -8.7% |
| Furniture and vehicles | 24 | €18,011 | €11,066 | -€6,945 | -38.6% |
| Current assets | 29/58 | €833,925 | €867,687 | +€33,762 | +4.0% |
| Stocks and contracts in progress | 3 | €48,640 | €69,340 | +€20,700 | +42.6% |
| Stocks | 30/36 | €48,640 | €69,340 | +€20,700 | +42.6% |
| Amounts receivable within one year | 40/41 | €624,893 | €548,725 | -€76,168 | -12.2% |
| Trade receivables | 40 | €601,243 | €512,679 | -€88,564 | -14.7% |
| Other amounts receivable | 41 | €23,650 | €36,046 | +€12,396 | +52.4% |
| Cash at bank and in hand | 54/58 | €129,438 | €217,837 | +€88,399 | +68.3% |
| Deferred charges and accrued income | 490/1 | €30,954 | €31,785 | +€831 | +2.7% |
| Total equity and liabilities | 10/49 | €1,174,789 | €1,150,442 | -€24,347 | -2.1% |
| Equity | 10/15 | €893,981 | €897,491 | +€3,510 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €411,600 | €415,110 | +€3,510 | +0.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €405,400 | €408,910 | +€3,510 | +0.9% |
| Profit (loss) carried forward | 14 | €420,381 | €420,381 | = | 0.0% |
| Amounts payable | 17/49 | €280,808 | €252,951 | -€27,857 | -9.9% |
| Amounts payable after more than one year | 17 | €33,334 | - | -€33,334 | |
| Financial debts | 170/4 | €33,334 | - | -€33,334 | |
| Amounts payable within one year | 42/48 | €247,474 | €252,951 | +€5,477 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €48,660 | €33,333 | -€15,327 | -31.5% |
| Trade debts | 44 | €122,868 | €168,465 | +€45,597 | +37.1% |
| Suppliers | 440/4 | €122,868 | €168,465 | +€45,597 | +37.1% |
| Taxes, remuneration and social security | 45 | €39,737 | €14,944 | -€24,793 | -62.4% |
| Taxes | 450/3 | €30,051 | €5,807 | -€24,244 | -80.7% |
| Remuneration and social security | 454/9 | €9,686 | €9,137 | -€549 | -5.7% |
| Other amounts payable | 47/48 | €36,209 | €36,209 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €295,317 | €290,036 | -€5,281 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,631 | €135,154 | +€9,523 | +7.6% |
| Other operating charges | 640/8 | €4,541 | €8,586 | +€4,045 | +89.1% |
| Gross operating margin | 9900 | €466,500 | €441,267 | -€25,233 | -5.4% |
| Operating profit (loss) | 9901 | €41,011 | €7,491 | -€33,520 | -81.7% |
| Financial income | 75/76B | €161 | €8 | -€153 | -95.0% |
| Recurring financial income | 75 | €161 | €8 | -€153 | -95.0% |
| Financial charges | 65/66B | €10,398 | €3,312 | -€7,086 | -68.1% |
| Recurring financial charges | 65 | €10,398 | €3,312 | -€7,086 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €30,774 | €4,187 | -€26,587 | -86.4% |
| Income taxes | 67/77 | €14,148 | €677 | -€13,471 | -95.2% |
| Profit (loss) for the period | 9904 | €16,626 | €3,510 | -€13,116 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,626 | €3,510 | -€13,116 | -78.9% |
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 9 October 2026 via checked.be.