LANDWYCK: 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.
LANDWYCK
Largest movements
- Cash +€52,748
up €52,748 (+503%), from €10,486 to €63,235
mainly Depreciation (+€52,302) and Net result for the year (+€35,659)
- Tangible fixed assets -€52,302
down €52,302 (-3.4%), from €1.5m to €1.5m
- Receivables within one year +€21,202
new in 2025: €21,202
- Reserves +€35,600
up €35,600 (+26.8%), from €132,800 to €168,400
- Gross operating margin +€4,307
up €4,307 (+3.6%), from €118,217 to €122,523
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 | €1,551,216 | €1,572,906 | +€21,689 | +1.4% |
| Fixed assets | 21/28 | €1,535,364 | €1,483,062 | -€52,302 | -3.4% |
| Tangible fixed assets | 22/27 | €1,533,880 | €1,481,578 | -€52,302 | -3.4% |
| Other tangible fixed assets | 26 | €1,533,880 | €1,481,578 | -€52,302 | -3.4% |
| Financial fixed assets | 28 | €1,484 | €1,484 | = | 0.0% |
| Current assets | 29/58 | €15,853 | €89,844 | +€73,991 | +467% |
| Amounts receivable within one year | 40/41 | - | €21,202 | +€21,202 | |
| Other amounts receivable | 41 | - | €21,202 | +€21,202 | |
| Cash at bank and in hand | 54/58 | €10,486 | €63,235 | +€52,748 | +503% |
| Deferred charges and accrued income | 490/1 | €5,366 | €5,408 | +€41 | +0.8% |
| Total equity and liabilities | 10/49 | €1,551,216 | €1,572,906 | +€21,689 | +1.4% |
| Equity | 10/15 | €1,523,992 | €1,559,652 | +€35,659 | +2.3% |
| Contributions | 10/11 | €1,390,589 | €1,390,589 | = | 0.0% |
| Reserves | 13 | €132,800 | €168,400 | +€35,600 | +26.8% |
| Distributable reserves | 133 | €132,800 | €168,400 | +€35,600 | +26.8% |
| Profit (loss) carried forward | 14 | €604 | €663 | +€59 | +9.8% |
| Amounts payable | 17/49 | €27,224 | €13,254 | -€13,970 | -51.3% |
| Amounts payable within one year | 42/48 | €22,336 | €8,212 | -€14,124 | -63.2% |
| Taxes, remuneration and social security | 45 | €5,448 | €5,612 | +€163 | +3.0% |
| Taxes | 450/3 | €5,448 | €5,612 | +€163 | +3.0% |
| Other amounts payable | 47/48 | €16,888 | €2,600 | -€14,288 | -84.6% |
| Accrued charges and deferred income | 492/3 | €4,889 | €5,042 | +€154 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,302 | €52,302 | = | 0.0% |
| Other operating charges | 640/8 | €17,525 | €18,034 | +€510 | +2.9% |
| Gross operating margin | 9900 | €118,217 | €122,523 | +€4,307 | +3.6% |
| Operating profit (loss) | 9901 | €48,390 | €52,187 | +€3,797 | +7.8% |
| Financial income | 75/76B | €82 | €168 | +€86 | +105% |
| Recurring financial income | 75 | €82 | €168 | +€86 | +105% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €48,433 | €52,311 | +€3,879 | +8.0% |
| Income taxes | 67/77 | €15,473 | €16,652 | +€1,179 | +7.6% |
| Profit (loss) for the period | 9904 | €32,960 | €35,659 | +€2,699 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,960 | €35,659 | +€2,699 | +8.2% |
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 20 October 2026 via checked.be.