LANDTEC: what changed
What changed
LANDTEC
NACE 71.122, Land surveying
filed annual accounts (NBB)
Net result for the year
-€9,297
2024 · €6,886-€16,183
Equity
€121,621
2024 · €130,917-€9,297
Cash
€43,372
2024 · €48,882-€5,510
Balance sheet total
€246,967
2024 · €279,657-€32,691
Largest movements
Assets
- Tangible fixed assets -€27,800
down €27,800 (-14.0%), from €198,133 to €170,333
of which Furniture and vehicles: -€14,680
- Cash -€5,510
down €5,510 (-11.3%), from €48,882 to €43,372
mainly Debts after one year (-€21,662) and Net result for the year (-€9,297)
- Deferred charges and accrued income +€3,819
new in 2025: €3,819
- Receivables within one year -€3,199
down €3,199 (-10.0%), from €32,144 to €28,945
of which Trade receivables: -€2,899
Equity and liabilities
- Debts after one year -€21,662
down €21,662 (-17.8%), from €121,877 to €100,214
of which Financial debts: -€21,351
- Profit (loss) carried forward -€9,297
down €9,297 (-9.6%), from €96,785 to €87,489
Income statement
- Gross operating margin -€21,421
down €21,421 (-40.6%), from €52,775 to €31,354
- Taxes -€3,373
down €3,373 (-93.5%), from €3,609 to €235
- Depreciation -€1,173
down €1,173 (-3.5%), from €33,432 to €32,258
- Financial charges -€1,073
down €1,073 (-16.0%), from €6,718 to €5,645
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.
Result 2024
€6,886
Gross operating margin
-€21,421
Depreciation
+€1,173
Other operating charges
-€374
Financial income
-€7
Financial charges
+€1,073
Taxes
+€3,373
Result 2025
-€9,297
raises the resultlowers the result
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.
From operations
+€21,044
Investment
-€4,458
Financing
-€22,096
Cash 2024
€48,882
From operations (derived)
+€21,044
Net result for the year
-€9,297
Depreciation
+€32,258
Receivables within one year
+€3,199
Deferred charges and accrued income
-€3,819
Trade debts
-€863
Tax, wage and social debts
-€251
Accrued charges and deferred income
-€183
Investment (derived)
-€4,458
Investment in fixed assets (net)
-€4,458
Financing
-€22,096
Debts after one year
-€21,662
Current portion of long-term debt
-€434
Cash 2025
€43,372
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,657 | €246,967 | -€32,691 | -11.7% |
| Fixed assets | 21/28 | €198,381 | €170,581 | -€27,800 | -14.0% |
| Tangible fixed assets | 22/27 | €198,133 | €170,333 | -€27,800 | -14.0% |
| Land and buildings | 22 | €131,711 | €119,934 | -€11,776 | -8.9% |
| Plant, machinery and equipment | 23 | €10,600 | €9,256 | -€1,344 | -12.7% |
| Furniture and vehicles | 24 | €55,823 | €41,143 | -€14,680 | -26.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €81,276 | €76,386 | -€4,890 | -6.0% |
| Amounts receivable within one year | 40/41 | €32,144 | €28,945 | -€3,199 | -10.0% |
| Trade receivables | 40 | €27,844 | €24,945 | -€2,899 | -10.4% |
| Other amounts receivable | 41 | €4,300 | €4,000 | -€300 | -7.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,882 | €43,372 | -€5,510 | -11.3% |
| Deferred charges and accrued income | 490/1 | - | €3,819 | +€3,819 | |
| Total equity and liabilities | 10/49 | €279,657 | €246,967 | -€32,691 | -11.7% |
| Equity | 10/15 | €130,917 | €121,621 | -€9,297 | -7.1% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €10,132 | €10,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,251 | €2,251 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,251 | €2,251 | = | 0.0% |
| Distributable reserves | 133 | €7,881 | €7,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,785 | €87,489 | -€9,297 | -9.6% |
| Amounts payable | 17/49 | €148,740 | €125,346 | -€23,394 | -15.7% |
| Amounts payable after more than one year | 17 | €121,877 | €100,214 | -€21,662 | -17.8% |
| Financial debts | 170/4 | €116,011 | €94,660 | -€21,351 | -18.4% |
| Other amounts payable | 178/9 | €5,866 | €5,554 | -€312 | -5.3% |
| Amounts payable within one year | 42/48 | €26,426 | €24,878 | -€1,549 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €21,785 | €21,351 | -€434 | -2.0% |
| Trade debts | 44 | €1,703 | €840 | -€863 | -50.7% |
| Suppliers | 440/4 | €1,703 | €840 | -€863 | -50.7% |
| Taxes, remuneration and social security | 45 | €2,938 | €2,687 | -€251 | -8.6% |
| Taxes | 450/3 | €2,938 | €556 | -€2,382 | -81.1% |
| Remuneration and social security | 454/9 | - | €2,131 | +€2,131 | |
| Accrued charges and deferred income | 492/3 | €437 | €254 | -€183 | -41.8% |
| Non-recurring operating income | 76A | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,432 | €32,258 | -€1,173 | -3.5% |
| Other operating charges | 640/8 | €2,138 | €2,511 | +€374 | +17.5% |
| Gross operating margin | 9900 | €52,775 | €31,354 | -€21,421 | -40.6% |
| Operating profit (loss) | 9901 | €17,206 | -€3,416 | -€20,622 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.2% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.2% |
| Financial charges | 65/66B | €6,718 | €5,645 | -€1,073 | -16.0% |
| Recurring financial charges | 65 | €6,718 | €5,645 | -€1,073 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €10,495 | -€9,061 | -€19,556 | |
| Income taxes | 67/77 | €3,609 | €235 | -€3,373 | -93.5% |
| Profit (loss) for the period | 9904 | €6,886 | -€9,297 | -€16,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,886 | -€9,297 | -€16,183 |
Next steps
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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 2 November 2026 via checked.be.