Landwell: 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.
Landwell
Largest movements
- Cash -€143,052
down €143,052 (-74.6%), from €191,754 to €48,702
mainly Current portion of long-term debt (-€465,807) and Tax, wage and social debts (-€9,756)
- Tangible fixed assets -€73,218
down €73,218 (-4.8%), from €1.5m to €1.5m
- Current portion of long-term debt -€465,807
down €465,807 (-80.1%), from €581,543 to €115,736
- Debts after one year +€232,079
up €232,079 (+25.3%), from €917,566 to €1.1m
- Reserves +€26,404
up €26,404 (+2,467%), from €1,070 to €27,475
- Taxes +€8,878
up €8,878 (+2,488%), from €357 to €9,235
- Gross operating margin +€5,936
up €5,936 (+3.6%), from €165,444 to €171,380
- Financial charges +€3,591
up €3,591 (+16.6%), from €21,685 to €25,276
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 | €1,736,547 | €1,514,430 | -€222,118 | -12.8% |
| Fixed assets | 21/28 | €1,528,958 | €1,455,740 | -€73,218 | -4.8% |
| Tangible fixed assets | 22/27 | €1,528,958 | €1,455,740 | -€73,218 | -4.8% |
| Land and buildings | 22 | €1,528,958 | €1,455,740 | -€73,218 | -4.8% |
| Current assets | 29/58 | €207,590 | €58,690 | -€148,900 | -71.7% |
| Amounts receivable within one year | 40/41 | €10,303 | €4,409 | -€5,895 | -57.2% |
| Trade receivables | 40 | €6,660 | - | -€6,660 | |
| Other amounts receivable | 41 | €3,643 | €4,409 | +€765 | +21.0% |
| Cash at bank and in hand | 54/58 | €191,754 | €48,702 | -€143,052 | -74.6% |
| Deferred charges and accrued income | 490/1 | €5,533 | €5,580 | +€47 | +0.8% |
| Total equity and liabilities | 10/49 | €1,736,547 | €1,514,430 | -€222,118 | -12.8% |
| Equity | 10/15 | €211,070 | €237,475 | +€26,404 | +12.5% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €1,070 | €27,475 | +€26,404 | +2,467% |
| Distributable reserves | 133 | €1,070 | €27,475 | +€26,404 | +2,467% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,525,477 | €1,276,955 | -€248,522 | -16.3% |
| Amounts payable after more than one year | 17 | €917,566 | €1,149,645 | +€232,079 | +25.3% |
| Financial debts | 170/4 | €917,566 | €1,149,645 | +€232,079 | +25.3% |
| Amounts payable within one year | 42/48 | €598,828 | €117,778 | -€481,050 | -80.3% |
| Current portion of amounts payable after more than one year | 42 | €581,543 | €115,736 | -€465,807 | -80.1% |
| Trade debts | 44 | €6,110 | €623 | -€5,488 | -89.8% |
| Suppliers | 440/4 | €6,110 | €623 | -€5,488 | -89.8% |
| Taxes, remuneration and social security | 45 | €11,043 | €1,287 | -€9,756 | -88.3% |
| Taxes | 450/3 | €11,043 | €1,287 | -€9,756 | -88.3% |
| Other amounts payable | 47/48 | €132 | €132 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,083 | €9,532 | +€450 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,218 | €73,218 | = | 0.0% |
| Other operating charges | 640/8 | €35,547 | €37,247 | +€1,700 | +4.8% |
| Gross operating margin | 9900 | €165,444 | €171,380 | +€5,936 | +3.6% |
| Operating profit (loss) | 9901 | €56,679 | €60,915 | +€4,236 | +7.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €21,685 | €25,276 | +€3,591 | +16.6% |
| Recurring financial charges | 65 | €21,685 | €25,276 | +€3,591 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €34,994 | €35,639 | +€645 | +1.8% |
| Income taxes | 67/77 | €357 | €9,235 | +€8,878 | +2,488% |
| Profit (loss) for the period | 9904 | €34,637 | €26,404 | -€8,233 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,637 | €26,404 | -€8,233 | -23.8% |
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 19 October 2026 via checked.be.