LNDMRK: 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.
LNDMRK
Largest movements
- Receivables within one year +€21,087
up €21,087 (+4936.7%), from €427 to €21,514
of which Trade receivables: +€21,087
- Tangible fixed assets -€18,256
down €18,256 (-6.9%), from €264,057 to €245,801
of which Furniture and vehicles: -€11,305
- Reserves +€38,356
up €38,356 (+18.2%), from €210,666 to €249,022
- Trade debts -€38,105
down €38,105 (-81.5%), from €46,730 to €8,625
- Tax, wage and social debts +€20,842
up €20,842 (+46.5%), from €44,861 to €65,703
- Debts after one year -€12,892
down €12,892 (-9.1%), from €142,131 to €129,239
- Other debts -€6,500
down €6,500 (-41.9%), from €15,500 to €9,000
- Gross operating margin -€17,752
down €17,752 (-19.4%), from €91,344 to €73,592
- Financial charges +€15,091
up €15,091 (+335.4%), from €4,499 to €19,590
- Taxes -€3,969
down €3,969 (-22.1%), from €17,968 to €13,999
- Other operating charges -€1,201
down €1,201 (-66.6%), from €1,803 to €602
- Financial income +€968
up €968 (+22.3%), from €4,341 to €5,309
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.
Cash bridge derived
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 | €474,543 | €478,362 | +€3,819 | +0.8% |
| Fixed assets | 21/28 | €264,257 | €245,801 | -€18,456 | -7.0% |
| Tangible fixed assets | 22/27 | €264,057 | €245,801 | -€18,256 | -6.9% |
| Land and buildings | 22 | €251,563 | €244,612 | -€6,951 | -2.8% |
| Furniture and vehicles | 24 | €12,494 | €1,189 | -€11,305 | -90.5% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100.0% |
| Current assets | 29/58 | €210,286 | €232,561 | +€22,275 | +10.6% |
| Amounts receivable after more than one year | 29 | €208,713 | €211,040 | +€2,327 | +1.1% |
| Other amounts receivable | 291 | €208,713 | €211,040 | +€2,327 | +1.1% |
| Amounts receivable within one year | 40/41 | €427 | €21,514 | +€21,087 | +4936.7% |
| Trade receivables | 40 | - | €21,087 | +€21,087 | |
| Other amounts receivable | 41 | €427 | €427 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,146 | €7 | -€1,139 | -99.4% |
| Total equity and liabilities | 10/49 | €474,543 | €478,362 | +€3,819 | +0.8% |
| Equity | 10/15 | €212,574 | €250,022 | +€37,448 | +17.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €210,666 | €249,022 | +€38,356 | +18.2% |
| Distributable reserves | 133 | €210,666 | €249,022 | +€38,356 | +18.2% |
| Profit (loss) carried forward | 14 | €908 | €0 | -€908 | -100.0% |
| Amounts payable | 17/49 | €261,969 | €228,340 | -€33,629 | -12.8% |
| Amounts payable after more than one year | 17 | €142,131 | €129,239 | -€12,892 | -9.1% |
| Financial debts | 170/4 | €142,131 | €129,239 | -€12,892 | -9.1% |
| Amounts payable within one year | 42/48 | €119,838 | €99,101 | -€20,737 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €12,716 | €12,906 | +€190 | +1.5% |
| Financial debts | 43 | €31 | €2,867 | +€2,836 | +9162.3% |
| Credit institutions | 430/8 | €31 | €2,867 | +€2,836 | +9162.3% |
| Trade debts | 44 | €46,730 | €8,625 | -€38,105 | -81.5% |
| Suppliers | 440/4 | €46,730 | €8,625 | -€38,105 | -81.5% |
| Taxes, remuneration and social security | 45 | €44,861 | €65,703 | +€20,842 | +46.5% |
| Taxes | 450/3 | €44,861 | €65,703 | +€20,842 | +46.5% |
| Other amounts payable | 47/48 | €15,500 | €9,000 | -€6,500 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,520 | €7,262 | -€258 | -3.4% |
| Other operating charges | 640/8 | €1,803 | €602 | -€1,201 | -66.6% |
| Gross operating margin | 9900 | €91,344 | €73,592 | -€17,752 | -19.4% |
| Operating profit (loss) | 9901 | €82,021 | €65,729 | -€16,293 | -19.9% |
| Financial income | 75/76B | €4,341 | €5,309 | +€968 | +22.3% |
| Recurring financial income | 75 | €4,341 | €5,309 | +€968 | +22.3% |
| Financial charges | 65/66B | €4,499 | €19,590 | +€15,091 | +335.4% |
| Recurring financial charges | 65 | €4,499 | €19,590 | +€15,091 | +335.4% |
| Profit (loss) for the period before taxes | 9903 | €81,863 | €51,447 | -€30,416 | -37.2% |
| Income taxes | 67/77 | €17,968 | €13,999 | -€3,969 | -22.1% |
| Profit (loss) for the period | 9904 | €63,896 | €37,448 | -€26,447 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,896 | €37,448 | -€26,447 | -41.4% |
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 12 October 2026 via checked.be.