TE LANDE: 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.
TE LANDE
Largest movements
- Cash -€9,858
down €9,858 (-52.0%), from €18,955 to €9,097
mainly Net result for the year (-€8,736) and Trade debts (-€6,165)
- Receivables within one year -€7,388
down €7,388 (-42.4%), from €17,416 to €10,028
of which Trade receivables: -€5,535
- Tangible fixed assets -€6,234
down €6,234 (-27.6%), from €22,589 to €16,355
of which Furniture and vehicles: -€5,020
- Trade debts -€6,165
down €6,165 (-42.8%), from €14,412 to €8,247
- Profit (loss) carried forward -€5,258
down €5,258, from €85 to -€5,174
- Debts after one year -€3,541
down €3,541 (-100%), from €3,541 to €0
- Reserves -€3,478
down €3,478 (-5.0%), from €69,528 to €66,050
- Current portion of long-term debt -€3,234
down €3,234 (-47.7%), from €6,774 to €3,541
- Gross operating margin -€16,575
down €16,575 (-19.3%), from €85,952 to €69,377
- Staff costs -€3,413
down €3,413 (-4.7%), from €72,853 to €69,440
- Taxes -€1,961
down €1,961 (-100%), from €1,961 to €0
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 | €123,088 | €99,846 | -€23,242 | -18.9% |
| Fixed assets | 21/28 | €22,664 | €16,430 | -€6,234 | -27.5% |
| Tangible fixed assets | 22/27 | €22,589 | €16,355 | -€6,234 | -27.6% |
| Land and buildings | 22 | €1,601 | €1,446 | -€155 | -9.7% |
| Plant, machinery and equipment | 23 | €2,779 | €1,719 | -€1,059 | -38.1% |
| Furniture and vehicles | 24 | €18,210 | €13,190 | -€5,020 | -27.6% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €100,424 | €83,416 | -€17,008 | -16.9% |
| Stocks and contracts in progress | 3 | €63,622 | €63,498 | -€124 | -0.2% |
| Stocks | 30/36 | €63,622 | €63,498 | -€124 | -0.2% |
| Amounts receivable within one year | 40/41 | €17,416 | €10,028 | -€7,388 | -42.4% |
| Trade receivables | 40 | €8,833 | €3,298 | -€5,535 | -62.7% |
| Other amounts receivable | 41 | €8,583 | €6,730 | -€1,853 | -21.6% |
| Cash at bank and in hand | 54/58 | €18,955 | €9,097 | -€9,858 | -52.0% |
| Deferred charges and accrued income | 490/1 | €432 | €793 | +€362 | +83.8% |
| Total equity and liabilities | 10/49 | €123,088 | €99,846 | -€23,242 | -18.9% |
| Equity | 10/15 | €88,212 | €79,476 | -€8,736 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,528 | €66,050 | -€3,478 | -5.0% |
| Distributable reserves | 133 | €69,528 | €66,050 | -€3,478 | -5.0% |
| Profit (loss) carried forward | 14 | €85 | -€5,174 | -€5,258 | |
| Amounts payable | 17/49 | €34,876 | €20,370 | -€14,506 | -41.6% |
| Amounts payable after more than one year | 17 | €3,541 | €0 | -€3,541 | -100% |
| Financial debts | 170/4 | €3,541 | €0 | -€3,541 | -100% |
| Amounts payable within one year | 42/48 | €31,209 | €20,370 | -€10,839 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €6,774 | €3,541 | -€3,234 | -47.7% |
| Trade debts | 44 | €14,412 | €8,247 | -€6,165 | -42.8% |
| Suppliers | 440/4 | €14,412 | €8,247 | -€6,165 | -42.8% |
| Taxes, remuneration and social security | 45 | €9,863 | €8,582 | -€1,281 | -13.0% |
| Taxes | 450/3 | €3,387 | €2,520 | -€867 | -25.6% |
| Remuneration and social security | 454/9 | €6,476 | €6,062 | -€414 | -6.4% |
| Other amounts payable | 47/48 | €160 | €0 | -€160 | -100% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Remuneration, social security and pensions | 62 | €72,853 | €69,440 | -€3,413 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,833 | €6,234 | -€599 | -8.8% |
| Other operating charges | 640/8 | €1,699 | €1,778 | +€79 | +4.6% |
| Gross operating margin | 9900 | €85,952 | €69,377 | -€16,575 | -19.3% |
| Operating profit (loss) | 9901 | €4,567 | -€8,075 | -€12,642 | |
| Financial income | 75/76B | €109 | €108 | -€1 | -0.8% |
| Recurring financial income | 75 | €109 | €108 | -€1 | -0.8% |
| Financial charges | 65/66B | €1,230 | €769 | -€461 | -37.5% |
| Recurring financial charges | 65 | €1,230 | €769 | -€461 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €3,446 | -€8,736 | -€12,182 | |
| Income taxes | 67/77 | €1,961 | €0 | -€1,961 | -100% |
| Profit (loss) for the period | 9904 | €1,485 | -€8,736 | -€10,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,485 | -€8,736 | -€10,221 |
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.