LANDWIN: 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.
LANDWIN
Largest movements
- Receivables within one year -€103,422
down €103,422 (-77.9%), from €132,832 to €29,410
- Deferred charges and accrued income -€29,274
down €29,274 (-99.9%), from €29,304 to €30
- Profit (loss) carried forward -€134,413
down €134,413 (-21.0%), from -€640,197 to -€774,610
- Gross operating margin -€40,703
down €40,703, from €30,663 to -€10,040
- Financial charges -€36,396
down €36,396 (-76.1%), from €47,851 to €11,455
- Financial income -€2,065
down €2,065 (-50.5%), from €4,093 to €2,028
- Staff costs +€1,937
up €1,937 (+2.3%), from €84,556 to €86,492
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 | €687,839 | €554,448 | -€133,391 | -19.4% |
| Fixed assets | 21/28 | €108,678 | €108,678 | = | 0.0% |
| Tangible fixed assets | 22/27 | €108,678 | €108,678 | = | 0.0% |
| Other tangible fixed assets | 26 | €108,678 | €108,678 | = | 0.0% |
| Current assets | 29/58 | €579,161 | €445,770 | -€133,391 | -23.0% |
| Amounts receivable after more than one year | 29 | €34,879 | €34,879 | = | 0.0% |
| Other amounts receivable | 291 | €34,879 | €34,879 | = | 0.0% |
| Stocks and contracts in progress | 3 | €381,284 | €381,284 | = | 0.0% |
| Stocks | 30/36 | €381,284 | €381,284 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,832 | €29,410 | -€103,422 | -77.9% |
| Other amounts receivable | 41 | €132,832 | €29,410 | -€103,422 | -77.9% |
| Cash at bank and in hand | 54/58 | €862 | €168 | -€695 | -80.6% |
| Deferred charges and accrued income | 490/1 | €29,304 | €30 | -€29,274 | -99.9% |
| Total equity and liabilities | 10/49 | €687,839 | €554,448 | -€133,391 | -19.4% |
| Equity | 10/15 | -€633,997 | -€768,410 | -€134,413 | -21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€640,197 | -€774,610 | -€134,413 | -21.0% |
| Amounts payable | 17/49 | €1,321,836 | €1,322,858 | +€1,022 | +0.1% |
| Amounts payable within one year | 42/48 | €1,321,458 | €1,322,858 | +€1,400 | +0.1% |
| Financial debts | 43 | €280,000 | €280,000 | = | 0.0% |
| Credit institutions | 430/8 | €280,000 | €280,000 | = | 0.0% |
| Trade debts | 44 | €1,638 | €2,673 | +€1,035 | +63.2% |
| Suppliers | 440/4 | €1,638 | €2,673 | +€1,035 | +63.2% |
| Taxes, remuneration and social security | 45 | €9,821 | €10,185 | +€365 | +3.7% |
| Remuneration and social security | 454/9 | €9,821 | €10,185 | +€365 | +3.7% |
| Other amounts payable | 47/48 | €1,030,000 | €1,030,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €378 | - | -€378 | |
| Remuneration, social security and pensions | 62 | €84,556 | €86,492 | +€1,937 | +2.3% |
| Other operating charges | 640/8 | €1,740 | €1,453 | -€287 | -16.5% |
| Non-recurring operating charges | 66A | - | €27,000 | +€27,000 | |
| Gross operating margin | 9900 | €30,663 | -€10,040 | -€40,703 | |
| Operating profit (loss) | 9901 | -€55,633 | -€124,986 | -€69,353 | -125% |
| Financial income | 75/76B | €4,093 | €2,028 | -€2,065 | -50.5% |
| Recurring financial income | 75 | €4,093 | €2,028 | -€2,065 | -50.5% |
| Financial charges | 65/66B | €47,851 | €11,455 | -€36,396 | -76.1% |
| Recurring financial charges | 65 | €47,851 | €11,455 | -€36,396 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€99,391 | -€134,413 | -€35,022 | -35.2% |
| Profit (loss) for the period | 9904 | -€99,391 | -€134,413 | -€35,022 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,391 | -€134,413 | -€35,022 | -35.2% |
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 15 October 2026 via checked.be.