LANGFIN: what changed
Two fiscal 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.
LANGFIN
Largest movements
- Financial fixed assets +€2.1m
up €2.1m (+25.6%), from €8.3m to €10.5m
- Current investments -€2.0m
down €2.0m (-18.3%), from €11.2m to €9.1m
- Cash +€380,436
up €380,436 (+41.9%), from €907,495 to €1.3m
mainly Current investments (+€2.0m) and Net result for the year (+€360,754)
- Profit (loss) carried forward +€360,754
up €360,754 (+29.6%), from €1.2m to €1.6m
- Other debts +€249,868
up €249,868 (+1.3%), from €18.8m to €19.1m
- Financial income -€193,745
down €193,745 (-19.1%), from €1.0m to €821,244
- Taxes -€47,717
down €47,717 (-27.5%), from €173,612 to €125,895
- Financial charges -€31,882
down €31,882 (-48.1%), from €66,229 to €34,348
- Gross operating margin -€23,868
down €23,868 (-10.0%), from -€238,004 to -€261,872
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 | €20,590,787 | €21,065,960 | +€475,173 | +2.3% |
| Fixed assets | 21/28 | €8,419,200 | €10,534,687 | +€2.1m | +25.1% |
| Tangible fixed assets | 22/27 | €71,939 | €51,363 | -€20,576 | -28.6% |
| Furniture and vehicles | 24 | €71,939 | €51,363 | -€20,576 | -28.6% |
| Financial fixed assets | 28 | €8,347,261 | €10,483,324 | +€2.1m | +25.6% |
| Current assets | 29/58 | €12,171,587 | €10,531,273 | -€1.6m | -13.5% |
| Amounts receivable within one year | 40/41 | €1,865 | €40,969 | +€39,105 | +2097.3% |
| Other amounts receivable | 41 | €1,865 | €40,969 | +€39,105 | +2097.3% |
| Current investments | 50/53 | €11,156,022 | €9,114,409 | -€2.0m | -18.3% |
| Cash at bank and in hand | 54/58 | €907,495 | €1,287,931 | +€380,436 | +41.9% |
| Deferred charges and accrued income | 490/1 | €106,206 | €87,964 | -€18,241 | -17.2% |
| Total equity and liabilities | 10/49 | €20,590,787 | €21,065,960 | +€475,173 | +2.3% |
| Equity | 10/15 | €1,520,565 | €1,881,319 | +€360,754 | +23.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,220,565 | €1,581,319 | +€360,754 | +29.6% |
| Amounts payable | 17/49 | €19,070,222 | €19,184,641 | +€114,419 | +0.6% |
| Amounts payable within one year | 42/48 | €19,070,222 | €19,184,641 | +€114,419 | +0.6% |
| Trade debts | 44 | €89,547 | €120,439 | +€30,892 | +34.5% |
| Suppliers | 440/4 | €89,547 | €120,439 | +€30,892 | +34.5% |
| Taxes, remuneration and social security | 45 | €174,431 | €8,089 | -€166,342 | -95.4% |
| Taxes | 450/3 | €174,431 | €8,089 | -€166,342 | -95.4% |
| Other amounts payable | 47/48 | €18,806,244 | €19,056,112 | +€249,868 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,576 | €20,576 | = | 0.0% |
| Other operating charges | 640/8 | €15,853 | €17,799 | +€1,946 | +12.3% |
| Gross operating margin | 9900 | -€238,004 | -€261,872 | -€23,868 | -10.0% |
| Operating profit (loss) | 9901 | -€274,433 | -€300,247 | -€25,814 | -9.4% |
| Financial income | 75/76B | €1,014,989 | €821,244 | -€193,745 | -19.1% |
| Recurring financial income | 75 | €1,014,989 | €821,244 | -€193,745 | -19.1% |
| Financial charges | 65/66B | €66,229 | €34,348 | -€31,882 | -48.1% |
| Recurring financial charges | 65 | €66,229 | €34,348 | -€31,882 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €674,327 | €486,649 | -€187,678 | -27.8% |
| Income taxes | 67/77 | €173,612 | €125,895 | -€47,717 | -27.5% |
| Profit (loss) for the period | 9904 | €500,715 | €360,754 | -€139,961 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €500,715 | €360,754 | -€139,961 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.