Global Langerlo: 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
Global Langerlo
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€146,110
2024 · €28,980+€117,130
Equity
€1.8m
2024 · €1.6m+€146,110
Cash
€113,876
2024 · €75,895+€37,981
Balance sheet total
€8.5m
2024 · €8.0m+€512,942
Largest movements
Assets
- Tangible fixed assets +€308,543
up €308,543 (+3,667%), from €8,415 to €316,958
of which Other tangible fixed assets: +€309,016
- Stocks and contracts +€190,726
up €190,726 (+2.4%), from €7.8m to €8.0m
Equity and liabilities
- Debts after one year -€6.2m
down €6.2m (-100%), from €6.2m to €0
- Current portion of long-term debt +€5.5m
new in 2025: €5.5m
- Other debts +€952,028
new in 2025: €952,028
- Reserves +€146,110
up €146,110 (+22.8%), from €641,437 to €787,547
of which Distributable reserves: +€124,089
- Trade debts +€134,929
up €134,929 (+305%), from €44,221 to €179,150
Income statement
- Turnover +€312,929
up €312,929 (+328%), from €95,541 to €408,470
- Goods and materials +€181,859
up €181,859 (+2,051%), from €8,867 to €190,726
- Financial charges +€108,286
up €108,286 (+92.8%), from €116,682 to €224,968
- Depreciation +€84,656
up €84,656 (+17,887%), from €473 to €85,129
- Services and other goods +€5,306
up €5,306 (+6.2%), from €85,875 to €91,181
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
€28,980
Turnover
+€312,929
Other operating income
+€3,091
Goods and materials
-€181,859
Services and other goods
-€5,306
Depreciation
-€84,656
Other operating charges
-€642
Other operating items
+€181,859
Financial charges
-€108,286
Result 2025
€146,110
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.1m
Investment
-€393,672
Financing
-€714,361
Cash 2024
€75,895
From operations (derived)
+€1.1m
Net result for the year
+€146,110
Depreciation
+€85,129
Stocks and contracts
-€190,726
Receivables within one year
+€24,179
Smaller working-capital items
+€11,893
Trade debts
+€134,929
Other debts
+€952,028
Accrued charges and deferred income
-€17,528
Investment (derived)
-€393,672
Investment in fixed assets (net)
-€393,672
Financing
-€714,361
Debts after one year
-€6.2m
Current portion of long-term debt
+€5.5m
Cash 2025
€113,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,964,282 | €8,477,224 | +€512,942 | +6.4% |
| Fixed assets | 21/28 | €8,415 | €316,958 | +€308,543 | +3,667% |
| Tangible fixed assets | 22/27 | €8,415 | €316,958 | +€308,543 | +3,667% |
| Land and buildings | 22 | €8,415 | €7,942 | -€473 | -5.6% |
| Other tangible fixed assets | 26 | - | €309,016 | +€309,016 | |
| Current assets | 29/58 | €7,955,867 | €8,160,266 | +€204,399 | +2.6% |
| Stocks and contracts in progress | 3 | €7,845,014 | €8,035,740 | +€190,726 | +2.4% |
| Stocks | 30/36 | €7,845,014 | €8,035,740 | +€190,726 | +2.4% |
| Work in progress | 32 | €272,026 | €462,751 | +€190,726 | +70.1% |
| Property held for sale | 35 | €7,572,989 | €7,572,989 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,484 | €10,305 | -€24,179 | -70.1% |
| Trade receivables | 40 | €28,488 | €10,305 | -€18,183 | -63.8% |
| Other amounts receivable | 41 | €5,996 | €0 | -€5,996 | -100% |
| Cash at bank and in hand | 54/58 | €75,895 | €113,876 | +€37,981 | +50.0% |
| Deferred charges and accrued income | 490/1 | €475 | €346 | -€129 | -27.1% |
| Total equity and liabilities | 10/49 | €7,964,282 | €8,477,224 | +€512,942 | +6.4% |
| Equity | 10/15 | €1,641,437 | €1,787,547 | +€146,110 | +8.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €641,437 | €787,547 | +€146,110 | +22.8% |
| Non-distributable reserves | 130/1 | €77,980 | €100,000 | +€22,020 | +28.2% |
| Legal reserve | 130 | €77,980 | €100,000 | +€22,020 | +28.2% |
| Distributable reserves | 133 | €563,457 | €687,547 | +€124,089 | +22.0% |
| Amounts payable | 17/49 | €6,322,845 | €6,689,678 | +€366,832 | +5.8% |
| Amounts payable after more than one year | 17 | €6,214,361 | €0 | -€6.2m | -100% |
| Financial debts | 170/4 | €6,214,361 | €0 | -€6.2m | -100% |
| Credit institutions | 173 | €5,500,000 | €0 | -€5.5m | -100% |
| Other loans | 174 | €714,361 | €0 | -€714,361 | -100% |
| Amounts payable within one year | 42/48 | €44,221 | €6,642,942 | +€6.6m | +14,922% |
| Current portion of amounts payable after more than one year | 42 | - | €5,500,000 | +€5.5m | |
| Trade debts | 44 | €44,221 | €179,150 | +€134,929 | +305% |
| Suppliers | 440/4 | €44,221 | €179,150 | +€134,929 | +305% |
| Taxes, remuneration and social security | 45 | €0 | €11,764 | +€11,764 | |
| Taxes | 450/3 | €0 | €11,764 | +€11,764 | |
| Other amounts payable | 47/48 | - | €952,028 | +€952,028 | |
| Accrued charges and deferred income | 492/3 | €64,263 | €46,735 | -€17,528 | -27.3% |
| Operating income | 70/76A | €283,186 | €781,065 | +€497,879 | +176% |
| Turnover | 70 | €95,541 | €408,470 | +€312,929 | +328% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €8,867 | €190,726 | +€181,859 | +2,051% |
| Other operating income | 74 | €178,778 | €181,869 | +€3,091 | +1.7% |
| Operating charges | 60/66A | €137,524 | €409,987 | +€272,463 | +198% |
| Goods for resale, raw materials and consumables | 60 | €8,867 | €190,726 | +€181,859 | +2,051% |
| Purchases | 600/8 | €8,867 | €190,726 | +€181,859 | +2,051% |
| Services and other goods | 61 | €85,875 | €91,181 | +€5,306 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €85,129 | +€84,656 | +17,887% |
| Other operating charges | 640/8 | €42,309 | €42,951 | +€642 | +1.5% |
| Operating profit (loss) | 9901 | €145,662 | €371,078 | +€225,416 | +155% |
| Financial charges | 65/66B | €116,682 | €224,968 | +€108,286 | +92.8% |
| Recurring financial charges | 65 | €116,682 | €224,968 | +€108,286 | +92.8% |
| Debt charges | 650 | €112,900 | €219,603 | +€106,703 | +94.5% |
| Other financial charges | 652/9 | €3,782 | €5,365 | +€1,583 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €28,980 | €146,110 | +€117,130 | +404% |
| Profit (loss) for the period | 9904 | €28,980 | €146,110 | +€117,130 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €28,980 | €146,110 | +€117,130 | +404% |
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 27 October 2026 via checked.be.