Dr LEVECQUE F.: 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.
Dr LEVECQUE F.
Largest movements
- Cash +€45,872
up €45,872 (+22.8%), from €201,308 to €247,181
mainly Net result for the year (+€87,914) and Depreciation (+€22,818)
- Receivables after one year +€45,000
up €45,000 (+180.0%), from €25,000 to €70,000
- Tangible fixed assets -€15,469
down €15,469 (-31.9%), from €48,508 to €33,039
- Intangible fixed assets -€6,600
down €6,600 (-35.3%), from €18,697 to €12,097
- Profit (loss) carried forward +€87,914
up €87,914 (+42.1%), from €208,832 to €296,746
- Tax, wage and social debts -€9,637
down €9,637 (-16.3%), from €59,176 to €49,539
- Debts after one year -€8,284
down €8,284 (-47.0%), from €17,637 to €9,353
- Gross operating margin -€4,291
down €4,291 (-3.1%), from €138,044 to €133,753
- Financial income +€2,179
up €2,179 (+151.2%), from €1,442 to €3,621
of which Non-recurring financial income: +€2,599
- Other operating charges +€2,096
up €2,096 (+2145.8%), from €98 to €2,194
- Depreciation +€1,514
up €1,514 (+7.1%), from €21,304 to €22,818
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 | €302,027 | €368,865 | +€66,838 | +22.1% |
| Fixed assets | 21/28 | €67,205 | €45,136 | -€22,069 | -32.8% |
| Intangible fixed assets | 21 | €18,697 | €12,097 | -€6,600 | -35.3% |
| Tangible fixed assets | 22/27 | €48,508 | €33,039 | -€15,469 | -31.9% |
| Furniture and vehicles | 24 | €48,508 | €33,039 | -€15,469 | -31.9% |
| Current assets | 29/58 | €234,822 | €323,729 | +€88,907 | +37.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €70,000 | +€45,000 | +180.0% |
| Other amounts receivable | 291 | €25,000 | €70,000 | +€45,000 | +180.0% |
| Amounts receivable within one year | 40/41 | €2,961 | €3,738 | +€777 | +26.2% |
| Trade receivables | 40 | €2,961 | €3,577 | +€616 | +20.8% |
| Other amounts receivable | 41 | - | €160 | +€160 | |
| Cash at bank and in hand | 54/58 | €201,308 | €247,181 | +€45,872 | +22.8% |
| Deferred charges and accrued income | 490/1 | €5,553 | €2,811 | -€2,742 | -49.4% |
| Total equity and liabilities | 10/49 | €302,027 | €368,865 | +€66,838 | +22.1% |
| Equity | 10/15 | €211,832 | €299,746 | +€87,914 | +41.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,832 | €296,746 | +€87,914 | +42.1% |
| Amounts payable | 17/49 | €90,195 | €69,119 | -€21,077 | -23.4% |
| Amounts payable after more than one year | 17 | €17,637 | €9,353 | -€8,284 | -47.0% |
| Financial debts | 170/4 | €17,637 | €9,353 | -€8,284 | -47.0% |
| Amounts payable within one year | 42/48 | €72,559 | €59,766 | -€12,793 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €7,961 | €8,284 | +€323 | +4.1% |
| Trade debts | 44 | €3,454 | €1,654 | -€1,800 | -52.1% |
| Suppliers | 440/4 | €3,454 | €1,654 | -€1,800 | -52.1% |
| Taxes, remuneration and social security | 45 | €59,176 | €49,539 | -€9,637 | -16.3% |
| Taxes | 450/3 | €59,176 | €49,539 | -€9,637 | -16.3% |
| Other amounts payable | 47/48 | €1,967 | €289 | -€1,678 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,304 | €22,818 | +€1,514 | +7.1% |
| Other operating charges | 640/8 | €98 | €2,194 | +€2,096 | +2145.8% |
| Gross operating margin | 9900 | €138,044 | €133,753 | -€4,291 | -3.1% |
| Operating profit (loss) | 9901 | €116,642 | €108,741 | -€7,902 | -6.8% |
| Financial income | 75/76B | €1,442 | €3,621 | +€2,179 | +151.2% |
| Recurring financial income | 75 | €1,442 | €1,022 | -€420 | -29.1% |
| Non-recurring financial income | 76B | - | €2,599 | +€2,599 | |
| Financial charges | 65/66B | €1,367 | €1,144 | -€222 | -16.3% |
| Recurring financial charges | 65 | €1,367 | €1,144 | -€222 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €116,717 | €111,217 | -€5,500 | -4.7% |
| Income taxes | 67/77 | €24,482 | €23,303 | -€1,179 | -4.8% |
| Profit (loss) for the period | 9904 | €92,236 | €87,914 | -€4,321 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,236 | €87,914 | -€4,321 | -4.7% |
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 11 October 2026 via checked.be.