CLUB LEVAIN: what changed
What changed
CLUB LEVAIN
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
-€17,806
2024 · -€7,287-€10,519
Equity
€6,763
2024 · €27,344-€20,580
Cash
€29,623
2024 · €32,427-€2,804
Balance sheet total
€63,429
2024 · €68,075-€4,645
Largest movements
Assets
- Receivables within one year -€11,090
down €11,090 (-33.9%), from €32,698 to €21,608
of which Trade receivables: -€11,812
- Deferred charges and accrued income +€9,207
new in 2025: €9,207
- Cash -€2,804
down €2,804 (-8.6%), from €32,427 to €29,623
mainly Net result for the year (-€17,806) and Deferred charges and accrued income (-€9,207)
Equity and liabilities
- Trade debts +€20,236
up €20,236 (+1,012%), from €2,000 to €22,236
of which Bills of exchange payable: +€22,236
- Profit (loss) carried forward -€12,806
down €12,806 (-188%), from -€6,818 to -€19,624
- Reserves -€5,000
no longer reported in 2025 (was €5,000)
- Other debts -€4,349
down €4,349 (-71.8%), from €6,056 to €1,706
- Investment grants -€2,774
down €2,774 (-66.7%), from €4,162 to €1,387
Income statement
- Gross operating margin -€41,168
down €41,168, from €22,807 to -€18,361
- Provisions -€30,508
no longer reported in 2025 (was €30,508)
- Financial income +€1,389
up €1,389 (+100%), from €1,387 to €2,776
- Financial charges +€388
up €388 (+7,759%), from €5 to €393
- Other operating charges +€250
new in 2025: €250
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,287
Gross operating margin
-€41,168
Depreciation
-€168
Provisions
+€30,508
Other operating charges
-€250
Other operating items
-€1,240
Financial income
+€1,389
Financial charges
-€388
Taxes
+€104
Deferred taxes and other
+€694
Result 2025
-€17,806
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,120
Investment
-€1,074
Financing
-€3,850
Cash 2024
€32,427
From operations (derived)
+€2,120
Net result for the year
-€17,806
Depreciation
+€1,032
Receivables within one year
+€11,090
Deferred charges and accrued income
-€9,207
Provisions
-€694
Trade debts
+€20,236
Tax, wage and social debts
+€1,817
Other debts
-€4,349
Investment (derived)
-€1,074
Investment in fixed assets (net)
-€1,074
Financing
-€3,850
Short-term financial debts
-€1,076
Contributions, distributions and other
-€2,774
Cash 2025
€29,623
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,075 | €63,429 | -€4,645 | -6.8% |
| Fixed assets | 21/28 | €2,950 | €2,992 | +€42 | +1.4% |
| Tangible fixed assets | 22/27 | €2,410 | €2,452 | +€42 | +1.7% |
| Plant, machinery and equipment | 23 | €551 | €495 | -€56 | -10.2% |
| Furniture and vehicles | 24 | €1,859 | €1,957 | +€98 | +5.3% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €65,125 | €60,437 | -€4,687 | -7.2% |
| Amounts receivable within one year | 40/41 | €32,698 | €21,608 | -€11,090 | -33.9% |
| Trade receivables | 40 | €32,420 | €20,608 | -€11,812 | -36.4% |
| Other amounts receivable | 41 | €278 | €1,000 | +€722 | +260% |
| Cash at bank and in hand | 54/58 | €32,427 | €29,623 | -€2,804 | -8.6% |
| Deferred charges and accrued income | 490/1 | - | €9,207 | +€9,207 | |
| Total equity and liabilities | 10/49 | €68,075 | €63,429 | -€4,645 | -6.8% |
| Equity | 10/15 | €27,344 | €6,763 | -€20,580 | -75.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,000 | - | -€5,000 | |
| Distributable reserves | 133 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€6,818 | -€19,624 | -€12,806 | -188% |
| Investment grants | 15 | €4,162 | €1,387 | -€2,774 | -66.7% |
| Provisions and deferred taxes | 16 | €31,548 | €30,855 | -€694 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €30,508 | €30,508 | = | 0.0% |
| Environmental obligations | 163 | €30,508 | €30,508 | = | 0.0% |
| Deferred taxes | 168 | €1,040 | €347 | -€694 | -66.7% |
| Amounts payable | 17/49 | €9,183 | €25,811 | +€16,629 | +181% |
| Amounts payable within one year | 42/48 | €9,183 | €25,811 | +€16,629 | +181% |
| Financial debts | 43 | €1,076 | - | -€1,076 | |
| Credit institutions | 430/8 | €1,076 | - | -€1,076 | |
| Trade debts | 44 | €2,000 | €22,236 | +€20,236 | +1,012% |
| Suppliers | 440/4 | €2,000 | - | -€2,000 | |
| Bills of exchange payable | 441 | - | €22,236 | +€22,236 | |
| Taxes, remuneration and social security | 45 | €51 | €1,869 | +€1,817 | +3,538% |
| Taxes | 450/3 | €51 | €1,869 | +€1,817 | +3,538% |
| Other amounts payable | 47/48 | €6,056 | €1,706 | -€4,349 | -71.8% |
| Non-recurring operating income | 76A | €874 | - | -€874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €864 | €1,032 | +€168 | +19.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,508 | - | -€30,508 | |
| Other operating charges | 640/8 | - | €250 | +€250 | |
| Non-recurring operating charges | 66A | - | €1,240 | +€1,240 | |
| Gross operating margin | 9900 | €22,807 | -€18,361 | -€41,168 | |
| Operating profit (loss) | 9901 | -€8,565 | -€20,883 | -€12,318 | -144% |
| Financial income | 75/76B | €1,387 | €2,776 | +€1,389 | +100% |
| Recurring financial income | 75 | €1,387 | €2,776 | +€1,389 | +100% |
| Financial charges | 65/66B | €5 | €393 | +€388 | +7,759% |
| Recurring financial charges | 65 | €5 | €393 | +€388 | +7,759% |
| Profit (loss) for the period before taxes | 9903 | -€7,183 | -€18,499 | -€11,317 | -158% |
| Transfer from deferred taxes | 780 | - | €694 | +€694 | |
| Income taxes | 67/77 | €104 | - | -€104 | |
| Profit (loss) for the period | 9904 | -€7,287 | -€17,806 | -€10,519 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,287 | -€17,806 | -€10,519 | -144% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.