Johanie LEVAUX: 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.
Johanie LEVAUX
Largest movements
- Receivables within one year +€34,005
up €34,005 (+66.8%), from €50,933 to €84,938
of which Other amounts receivable: +€29,590
- Cash -€10,465
down €10,465 (-28.7%), from €36,480 to €26,015
mainly Receivables within one year (-€34,005) and Investment in fixed assets (net) (-€11,939)
- Tangible fixed assets -€4,057
down €4,057 (-8.0%), from €50,402 to €46,345
of which Furniture and vehicles: -€3,397
- Deferred charges and accrued income +€3,434
up €3,434 (+82.3%), from €4,175 to €7,609
- Tax, wage and social debts +€20,239
up €20,239 (+51.8%), from €39,070 to €59,309
of which Remuneration and social security: +€10,866
- Reserves +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
- Debts after one year -€5,639
down €5,639 (-32.7%), from €17,245 to €11,606
- Other debts -€4,113
down €4,113 (-100%), from €4,113 to €0
- Accrued charges and deferred income +€2,381
up €2,381, from €0 to €2,381
- Staff costs +€52,149
up €52,149 (+31.6%), from €165,235 to €217,384
- Gross operating margin +€50,273
up €50,273 (+25.0%), from €200,944 to €251,217
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 | €141,989 | €164,907 | +€22,918 | +16.1% |
| Fixed assets | 21/28 | €50,402 | €46,345 | -€4,057 | -8.0% |
| Tangible fixed assets | 22/27 | €50,402 | €46,345 | -€4,057 | -8.0% |
| Land and buildings | 22 | €11,000 | €9,500 | -€1,500 | -13.6% |
| Plant, machinery and equipment | 23 | - | €840 | +€840 | |
| Furniture and vehicles | 24 | €39,402 | €36,005 | -€3,397 | -8.6% |
| Current assets | 29/58 | €91,587 | €118,562 | +€26,975 | +29.5% |
| Amounts receivable within one year | 40/41 | €50,933 | €84,938 | +€34,005 | +66.8% |
| Trade receivables | 40 | €28,287 | €32,702 | +€4,416 | +15.6% |
| Other amounts receivable | 41 | €22,646 | €52,236 | +€29,590 | +131% |
| Cash at bank and in hand | 54/58 | €36,480 | €26,015 | -€10,465 | -28.7% |
| Deferred charges and accrued income | 490/1 | €4,175 | €7,609 | +€3,434 | +82.3% |
| Total equity and liabilities | 10/49 | €141,989 | €164,907 | +€22,918 | +16.1% |
| Equity | 10/15 | €74,470 | €83,855 | +€9,385 | +12.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Distributable reserves | 133 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Profit (loss) carried forward | 14 | €4,470 | €3,855 | -€615 | -13.8% |
| Amounts payable | 17/49 | €67,520 | €81,052 | +€13,533 | +20.0% |
| Amounts payable after more than one year | 17 | €17,245 | €11,606 | -€5,639 | -32.7% |
| Financial debts | 170/4 | €17,245 | €11,606 | -€5,639 | -32.7% |
| Amounts payable within one year | 42/48 | €50,274 | €67,065 | +€16,791 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €5,371 | €5,639 | +€268 | +5.0% |
| Financial debts | 43 | - | €506 | +€506 | |
| Credit institutions | 430/8 | - | €506 | +€506 | |
| Trade debts | 44 | €1,721 | €1,612 | -€109 | -6.3% |
| Suppliers | 440/4 | €1,721 | €1,612 | -€109 | -6.3% |
| Taxes, remuneration and social security | 45 | €39,070 | €59,309 | +€20,239 | +51.8% |
| Taxes | 450/3 | €10,022 | €19,395 | +€9,373 | +93.5% |
| Remuneration and social security | 454/9 | €29,048 | €39,914 | +€10,866 | +37.4% |
| Other amounts payable | 47/48 | €4,113 | €0 | -€4,113 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €2,381 | +€2,381 | |
| Remuneration, social security and pensions | 62 | €165,235 | €217,384 | +€52,149 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,718 | €15,996 | +€278 | +1.8% |
| Other operating charges | 640/8 | €780 | €997 | +€217 | +27.8% |
| Gross operating margin | 9900 | €200,944 | €251,217 | +€50,273 | +25.0% |
| Operating profit (loss) | 9901 | €19,211 | €16,840 | -€2,371 | -12.3% |
| Financial income | 75/76B | €1,325 | €1,364 | +€39 | +3.0% |
| Recurring financial income | 75 | €1,325 | €1,364 | +€39 | +3.0% |
| Financial charges | 65/66B | €1,522 | €1,177 | -€345 | -22.7% |
| Recurring financial charges | 65 | €1,522 | €1,177 | -€345 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €19,014 | €17,027 | -€1,987 | -10.4% |
| Income taxes | 67/77 | €5,543 | €7,642 | +€2,099 | +37.9% |
| Profit (loss) for the period | 9904 | €13,471 | €9,385 | -€4,086 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,471 | €9,385 | -€4,086 | -30.3% |
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 20 October 2026 via checked.be.