Global Life Tree: 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 Life Tree
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.4m-€54,036
Equity
€15.6m
2024 · €15.3m+€346,249
Cash
€1.4m
2024 · €2.2m-€852,756
Balance sheet total
€41.9m
2024 · €43.2m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€997,917
down €997,917 (-2.5%), from €39.6m to €38.6m
- Cash -€852,756
down €852,756 (-38.3%), from €2.2m to €1.4m
mainly Other debts (-€1.5m) and Contributions, distributions and other (-€1.0m)
- Receivables within one year +€578,143
up €578,143 (+41.9%), from €1.4m to €2.0m
of which Trade receivables: +€306,654
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Profit (loss) carried forward +€1.3m
new in 2025: €1.3m
- Contributions -€1.0m
down €1.0m (-6.7%), from €15.0m to €14.0m
Income statement
- Other operating income -€136,152
down €136,152 (-23.0%), from €592,263 to €456,111
- Write-downs -€114,855
down €114,855 (-100%), from €114,855 to €0
- Turnover +€78,957
up €78,957 (+2.5%), from €3.2m to €3.3m
- Taxes +€46,232
up €46,232 (+10.6%), from €434,640 to €480,872
- Other operating charges +€42,724
up €42,724 (+11.5%), from €373,049 to €415,772
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
€1.4m
Turnover
+€78,957
Other operating income
-€136,152
Services and other goods
+€8,104
Depreciation
-€7,608
Write-downs
+€114,855
Other operating charges
-€42,724
Financial income
-€18,392
Financial charges
-€4,844
Taxes
-€46,232
Result 2025
€1.3m
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
+€247,054
Investment
-€99,810
Financing
-€1.0m
Cash 2024
€2.2m
From operations (derived)
+€247,054
Net result for the year
+€1.3m
Depreciation
+€1.1m
Receivables within one year
-€578,143
Deferred charges and accrued income
+€4,930
Trade debts
-€137,716
Tax, wage and social debts
-€17,674
Other debts
-€1.5m
Accrued charges and deferred income
+€17,899
Investment (derived)
-€99,810
Investment in fixed assets (net)
-€99,810
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,180,312 | €41,902,851 | -€1.3m | -3.0% |
| Fixed assets | 21/28 | €39,568,996 | €38,571,079 | -€997,917 | -2.5% |
| Tangible fixed assets | 22/27 | €39,568,796 | €38,570,879 | -€997,917 | -2.5% |
| Land and buildings | 22 | €39,568,796 | €38,570,879 | -€997,917 | -2.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €3,611,316 | €3,331,773 | -€279,543 | -7.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,379,091 | €1,957,234 | +€578,143 | +41.9% |
| Trade receivables | 40 | €1,256,386 | €1,563,039 | +€306,654 | +24.4% |
| Other amounts receivable | 41 | €122,705 | €394,194 | +€271,489 | +221% |
| Cash at bank and in hand | 54/58 | €2,225,780 | €1,373,024 | -€852,756 | -38.3% |
| Deferred charges and accrued income | 490/1 | €6,445 | €1,516 | -€4,930 | -76.5% |
| Total equity and liabilities | 10/49 | €43,180,312 | €41,902,851 | -€1.3m | -3.0% |
| Equity | 10/15 | €15,281,668 | €15,627,918 | +€346,249 | +2.3% |
| Contributions | 10/11 | €15,026,488 | €14,026,488 | -€1.0m | -6.7% |
| Capital | 10 | €15,026,488 | €14,026,488 | -€1.0m | -6.7% |
| Issued capital | 100 | €15,026,488 | €14,026,488 | -€1.0m | -6.7% |
| Reserves | 13 | €255,180 | €322,493 | +€67,312 | +26.4% |
| Non-distributable reserves | 130/1 | €255,180 | €322,493 | +€67,312 | +26.4% |
| Legal reserve | 130 | €255,180 | €322,493 | +€67,312 | +26.4% |
| Profit (loss) carried forward | 14 | - | €1,278,937 | +€1.3m | |
| Amounts payable | 17/49 | €27,898,643 | €26,274,934 | -€1.6m | -5.8% |
| Amounts payable after more than one year | 17 | €25,000,000 | €25,000,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000,000 | €25,000,000 | = | 0.0% |
| Credit institutions | 173 | €25,000,000 | €25,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,083,394 | €441,786 | -€1.6m | -78.8% |
| Trade debts | 44 | €566,649 | €428,933 | -€137,716 | -24.3% |
| Suppliers | 440/4 | €566,649 | €428,933 | -€137,716 | -24.3% |
| Taxes, remuneration and social security | 45 | €30,528 | €12,853 | -€17,674 | -57.9% |
| Taxes | 450/3 | €30,528 | €12,853 | -€17,674 | -57.9% |
| Other amounts payable | 47/48 | €1,486,218 | €0 | -€1.5m | -100% |
| Accrued charges and deferred income | 492/3 | €815,249 | €833,148 | +€17,899 | +2.2% |
| Operating income | 70/76A | €3,796,681 | €3,739,486 | -€57,195 | -1.5% |
| Turnover | 70 | €3,204,418 | €3,283,374 | +€78,957 | +2.5% |
| Other operating income | 74 | €592,263 | €456,111 | -€136,152 | -23.0% |
| Operating charges | 60/66A | €1,780,921 | €1,708,293 | -€72,628 | -4.1% |
| Services and other goods | 61 | €202,898 | €194,794 | -€8,104 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090,120 | €1,097,727 | +€7,608 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €114,855 | €0 | -€114,855 | -100% |
| Other operating charges | 640/8 | €373,049 | €415,772 | +€42,724 | +11.5% |
| Operating profit (loss) | 9901 | €2,015,760 | €2,031,192 | +€15,433 | +0.8% |
| Financial income | 75/76B | €37,080 | €18,687 | -€18,392 | -49.6% |
| Recurring financial income | 75 | €37,080 | €18,687 | -€18,392 | -49.6% |
| Income from current assets | 751 | €37,080 | €18,686 | -€18,393 | -49.6% |
| Other financial income | 752/9 | €0 | €1 | +€1 | +7,600% |
| Financial charges | 65/66B | €217,915 | €222,759 | +€4,844 | +2.2% |
| Recurring financial charges | 65 | €217,915 | €222,759 | +€4,844 | +2.2% |
| Debt charges | 650 | €214,083 | €212,917 | -€1,167 | -0.5% |
| Other financial charges | 652/9 | €3,831 | €9,842 | +€6,011 | +157% |
| Profit (loss) for the period before taxes | 9903 | €1,834,925 | €1,827,121 | -€7,804 | -0.4% |
| Income taxes | 67/77 | €434,640 | €480,872 | +€46,232 | +10.6% |
| Taxes | 670/3 | €434,640 | €480,872 | +€46,232 | +10.6% |
| Profit (loss) for the period | 9904 | €1,400,285 | €1,346,249 | -€54,036 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,400,285 | €1,346,249 | -€54,036 | -3.9% |
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 18 October 2026 via checked.be.