LANDTRUST: 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.
LANDTRUST
Largest movements
- Stocks and contracts -€74,849
down €74,849 (-5.0%), from €1.5m to €1.4m
- Current portion of long-term debt +€266,000
new in 2025: €266,000
- Short-term financial debts -€242,013
down €242,013 (-100.0%), from €242,126 to €114
- Profit (loss) carried forward -€73,903
down €73,903, from €27,173 to -€46,730
- Trade debts -€59,109
down €59,109 (-8.7%), from €681,850 to €622,740
- Other debts +€29,584
up €29,584 (+10.6%), from €279,278 to €308,862
- Gross operating margin +€11,719
up €11,719 (+95.5%), from -€12,266 to -€547
- Other operating charges +€6,998
up €6,998 (+211%), from €3,321 to €10,319
- Financial charges -€2,401
down €2,401 (-9.5%), from €25,163 to €22,762
- Taxes -€803
down €803 (-100%), from €803 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,490,893 | €1,411,452 | -€79,441 | -5.3% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,490,843 | €1,411,402 | -€79,441 | -5.3% |
| Stocks and contracts in progress | 3 | €1,485,739 | €1,410,890 | -€74,849 | -5.0% |
| Stocks | 30/36 | €1,485,739 | €1,410,890 | -€74,849 | -5.0% |
| Amounts receivable within one year | 40/41 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 41 | €5,000 | €0 | -€5,000 | -100% |
| Cash at bank and in hand | 54/58 | €104 | €512 | +€408 | +392% |
| Total equity and liabilities | 10/49 | €1,490,893 | €1,411,452 | -€79,441 | -5.3% |
| Equity | 10/15 | €46,638 | -€27,265 | -€73,903 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €865 | €865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €865 | €865 | = | 0.0% |
| Reserves not available under the articles | 1311 | €865 | - | -€865 | |
| Other | 1319 | - | €865 | +€865 | |
| Profit (loss) carried forward | 14 | €27,173 | -€46,730 | -€73,903 | |
| Amounts payable | 17/49 | €1,444,254 | €1,438,717 | -€5,538 | -0.4% |
| Amounts payable after more than one year | 17 | €241,000 | €241,000 | = | 0.0% |
| Financial debts | 170/4 | €241,000 | €241,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,203,254 | €1,197,717 | -€5,538 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €266,000 | +€266,000 | |
| Financial debts | 43 | €242,126 | €114 | -€242,013 | -100.0% |
| Credit institutions | 430/8 | €242,126 | €114 | -€242,013 | -100.0% |
| Trade debts | 44 | €681,850 | €622,740 | -€59,109 | -8.7% |
| Suppliers | 440/4 | €681,850 | €622,740 | -€59,109 | -8.7% |
| Other amounts payable | 47/48 | €279,278 | €308,862 | +€29,584 | +10.6% |
| Non-recurring operating income | 76A | - | €35,673 | +€35,673 | |
| Other operating charges | 640/8 | €3,321 | €10,319 | +€6,998 | +211% |
| Non-recurring operating charges | 66A | - | €40,275 | +€40,275 | |
| Gross operating margin | 9900 | -€12,266 | -€547 | +€11,719 | +95.5% |
| Operating profit (loss) | 9901 | -€15,587 | -€51,141 | -€35,554 | -228% |
| Financial charges | 65/66B | €25,163 | €22,762 | -€2,401 | -9.5% |
| Recurring financial charges | 65 | €25,163 | €22,762 | -€2,401 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,750 | -€73,903 | -€33,153 | -81.4% |
| Income taxes | 67/77 | €803 | €0 | -€803 | -100% |
| Profit (loss) for the period | 9904 | -€41,553 | -€73,903 | -€32,350 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,553 | -€73,903 | -€32,350 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.