François LEVA: 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.
François LEVA
Largest movements
- Tangible fixed assets -€181,768
down €181,768 (-22.5%), from €809,627 to €627,859
of which Land and buildings: -€181,116
- Receivables within one year -€22,764
down €22,764 (-25.2%), from €90,440 to €67,677
of which Trade receivables: -€54,307
- Debts after one year -€227,790
down €227,790 (-39.4%), from €578,223 to €350,433
- Tax, wage and social debts -€62,931
down €62,931 (-94.4%), from €66,674 to €3,743
of which Taxes: -€58,231
- Other debts +€59,064
up €59,064 (+34.0%), from €173,843 to €232,907
- Profit (loss) carried forward +€50,735
up €50,735 (+46.8%), from -€108,407 to -€57,672
- Trade debts -€25,954
down €25,954 (-18.5%), from €140,439 to €114,485
- Gross operating margin +€78,275
up €78,275 (+124%), from €63,043 to €141,318
- Depreciation -€2,684
down €2,684 (-4.8%), from €56,023 to €53,339
- Financial charges +€1,624
up €1,624 (+6.5%), from €24,917 to €26,540
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,269 | €703,761 | -€203,508 | -22.4% |
| Fixed assets | 21/28 | €812,627 | €630,859 | -€181,768 | -22.4% |
| Tangible fixed assets | 22/27 | €809,627 | €627,859 | -€181,768 | -22.5% |
| Land and buildings | 22 | €755,383 | €574,266 | -€181,116 | -24.0% |
| Plant, machinery and equipment | 23 | €26,971 | €20,208 | -€6,763 | -25.1% |
| Furniture and vehicles | 24 | €27,273 | €33,384 | +€6,111 | +22.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €94,642 | €72,903 | -€21,740 | -23.0% |
| Amounts receivable within one year | 40/41 | €90,440 | €67,677 | -€22,764 | -25.2% |
| Trade receivables | 40 | €84,699 | €30,393 | -€54,307 | -64.1% |
| Other amounts receivable | 41 | €5,741 | €37,284 | +€31,543 | +549% |
| Cash at bank and in hand | 54/58 | €411 | €311 | -€99 | -24.2% |
| Deferred charges and accrued income | 490/1 | €3,791 | €4,915 | +€1,123 | +29.6% |
| Total equity and liabilities | 10/49 | €907,269 | €703,761 | -€203,508 | -22.4% |
| Equity | 10/15 | -€87,947 | -€37,212 | +€50,735 | +57.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,407 | -€57,672 | +€50,735 | +46.8% |
| Amounts payable | 17/49 | €995,216 | €740,973 | -€254,243 | -25.5% |
| Amounts payable after more than one year | 17 | €578,223 | €350,433 | -€227,790 | -39.4% |
| Financial debts | 170/4 | €578,223 | €350,433 | -€227,790 | -39.4% |
| Amounts payable within one year | 42/48 | €416,993 | €390,540 | -€26,453 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €36,037 | €39,405 | +€3,368 | +9.3% |
| Trade debts | 44 | €140,439 | €114,485 | -€25,954 | -18.5% |
| Suppliers | 440/4 | €140,439 | €114,485 | -€25,954 | -18.5% |
| Taxes, remuneration and social security | 45 | €66,674 | €3,743 | -€62,931 | -94.4% |
| Taxes | 450/3 | €58,474 | €243 | -€58,231 | -99.6% |
| Remuneration and social security | 454/9 | €8,200 | €3,500 | -€4,700 | -57.3% |
| Other amounts payable | 47/48 | €173,843 | €232,907 | +€59,064 | +34.0% |
| Non-recurring operating income | 76A | - | €64,231 | +€64,231 | |
| Remuneration, social security and pensions | 62 | €596 | €594 | -€2 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,023 | €53,339 | -€2,684 | -4.8% |
| Other operating charges | 640/8 | €9,311 | €8,015 | -€1,295 | -13.9% |
| Non-recurring operating charges | 66A | - | €1,886 | +€1,886 | |
| Gross operating margin | 9900 | €63,043 | €141,318 | +€78,275 | +124% |
| Operating profit (loss) | 9901 | -€2,887 | €77,484 | +€80,371 | |
| Financial income | 75/76B | €153 | €0 | -€153 | -99.8% |
| Recurring financial income | 75 | €153 | €0 | -€153 | -99.8% |
| Financial charges | 65/66B | €24,917 | €26,540 | +€1,624 | +6.5% |
| Recurring financial charges | 65 | €24,917 | €26,540 | +€1,624 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,651 | €50,944 | +€78,594 | |
| Income taxes | 67/77 | €243 | €209 | -€34 | -14.1% |
| Profit (loss) for the period | 9904 | -€27,894 | €50,735 | +€78,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,894 | €50,735 | +€78,629 |
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 16 October 2026 via checked.be.