Little Landmarks: 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.
What changed
Little Landmarks
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€184,983
2024 · -€280,176+€465,158
Equity
€309,797
2024 · €124,815+€184,983
Cash
€8,321
2024 · €43,503-€35,183
Balance sheet total
€4.9m
2024 · €6.4m-€1.4m
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-21.2%), from €6.1m to €4.8m
Equity and liabilities
- Short-term financial debts -€2.1m
down €2.1m (-46.6%), from €4.4m to €2.3m
- Other debts +€849,062
up €849,062 (+108%), from €787,074 to €1.6m
- Trade debts -€372,694
down €372,694 (-87.4%), from €426,299 to €53,604
- Profit (loss) carried forward +€184,983
up €184,983 (+49.3%), from -€375,185 to -€190,203
Income statement
- Gross operating margin +€561,114
up €561,114, from -€85,732 to €475,381
- Financial charges +€95,708
up €95,708 (+66.8%), from €143,376 to €239,084
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.
Result 2024
-€280,176
Gross operating margin
+€561,114
Depreciation
+€133
Other operating charges
-€324
Financial income
-€38
Financial charges
-€95,708
Taxes
-€18
Result 2025
€184,983
raises the resultlowers the result
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.
From operations
+€2.0m
Investment
-€2,891
Financing
-€2.1m
Cash 2024
€43,503
From operations (derived)
+€2.0m
Net result for the year
+€184,983
Depreciation
+€46,249
Stocks and contracts
+€1.3m
Receivables within one year
+€29,207
Smaller working-capital items
+€8,964
Trade debts
-€372,694
Other debts
+€849,062
Investment (derived)
-€2,891
Investment in fixed assets (net)
-€2,891
Financing
-€2.1m
Debts after one year
-€29,180
Current portion of long-term debt
+€1,059
Short-term financial debts
-€2.1m
Cash 2025
€8,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,359,970 | €4,947,700 | -€1.4m | -22.2% |
| Fixed assets | 21/28 | €155,864 | €112,506 | -€43,358 | -27.8% |
| Tangible fixed assets | 22/27 | €155,864 | €112,506 | -€43,358 | -27.8% |
| Furniture and vehicles | 24 | €155,864 | €112,506 | -€43,358 | -27.8% |
| Current assets | 29/58 | €6,204,106 | €4,835,193 | -€1.4m | -22.1% |
| Stocks and contracts in progress | 3 | €6,121,221 | €4,820,911 | -€1.3m | -21.2% |
| Contracts in progress | 37 | €6,121,221 | €4,820,911 | -€1.3m | -21.2% |
| Amounts receivable within one year | 40/41 | €35,169 | €5,962 | -€29,207 | -83.0% |
| Trade receivables | 40 | €0 | €3,911 | +€3,911 | |
| Other amounts receivable | 41 | €35,169 | €2,051 | -€33,118 | -94.2% |
| Cash at bank and in hand | 54/58 | €43,503 | €8,321 | -€35,183 | -80.9% |
| Deferred charges and accrued income | 490/1 | €4,213 | €0 | -€4,213 | -100% |
| Total equity and liabilities | 10/49 | €6,359,970 | €4,947,700 | -€1.4m | -22.2% |
| Equity | 10/15 | €124,815 | €309,797 | +€184,983 | +148% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,185 | -€190,203 | +€184,983 | +49.3% |
| Amounts payable | 17/49 | €6,235,155 | €4,637,902 | -€1.6m | -25.6% |
| Amounts payable after more than one year | 17 | €596,227 | €567,047 | -€29,180 | -4.9% |
| Financial debts | 170/4 | €596,227 | €567,047 | -€29,180 | -4.9% |
| Amounts payable within one year | 42/48 | €5,638,928 | €4,070,856 | -€1.6m | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €28,122 | €29,180 | +€1,059 | +3.8% |
| Financial debts | 43 | €4,396,876 | €2,346,626 | -€2.1m | -46.6% |
| Credit institutions | 430/8 | €4,396,876 | €2,346,626 | -€2.1m | -46.6% |
| Trade debts | 44 | €426,299 | €53,604 | -€372,694 | -87.4% |
| Suppliers | 440/4 | €426,299 | €53,604 | -€372,694 | -87.4% |
| Advances received on contracts in progress | 46 | - | €4,733 | +€4,733 | |
| Taxes, remuneration and social security | 45 | €558 | €576 | +€18 | +3.3% |
| Taxes | 450/3 | €558 | €576 | +€18 | +3.3% |
| Other amounts payable | 47/48 | €787,074 | €1,636,136 | +€849,062 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,382 | €46,249 | -€133 | -0.3% |
| Other operating charges | 640/8 | €4,165 | €4,489 | +€324 | +7.8% |
| Gross operating margin | 9900 | -€85,732 | €475,381 | +€561,114 | |
| Operating profit (loss) | 9901 | -€136,280 | €424,643 | +€560,923 | |
| Financial income | 75/76B | €38 | €0 | -€38 | -100% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -100% |
| Financial charges | 65/66B | €143,376 | €239,084 | +€95,708 | +66.8% |
| Recurring financial charges | 65 | €143,376 | €239,084 | +€95,708 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | -€279,617 | €185,559 | +€465,176 | |
| Income taxes | 67/77 | €558 | €576 | +€18 | +3.3% |
| Profit (loss) for the period | 9904 | -€280,176 | €184,983 | +€465,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€280,176 | €184,983 | +€465,158 |
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.