LE LEVAIN: 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.
LE LEVAIN
Largest movements
- Cash +€42,690
up €42,690 (+22.4%), from €190,761 to €233,451
mainly Receivables within one year (+€33,695) and Depreciation (+€17,175)
- Receivables within one year -€33,695
down €33,695 (-14.9%), from €226,049 to €192,353
of which Trade receivables: -€31,382
- Tangible fixed assets -€8,378
down €8,378 (-13.9%), from €60,201 to €51,822
of which Other tangible fixed assets: -€8,988
- Profit (loss) carried forward +€10,217
up €10,217 (+25.8%), from €39,621 to €49,838
- Debts within one year -€8,022
down €8,022 (-6.9%), from €115,540 to €107,518
of which Trade debts: -€7,361
- Staff costs +€53,411
up €53,411 (+7.7%), from €694,306 to €747,716
- Gross operating margin -€50,808
down €50,808 (-6.1%), from €829,506 to €778,697
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 | €486,027 | €488,222 | +€2,196 | +0.5% |
| Fixed assets | 21/28 | €60,201 | €51,822 | -€8,378 | -13.9% |
| Tangible fixed assets | 22/27 | €60,201 | €51,822 | -€8,378 | -13.9% |
| Plant, machinery and equipment | 23 | €11,261 | €14,847 | +€3,585 | +31.8% |
| Furniture and vehicles | 24 | €5,664 | €2,688 | -€2,976 | -52.5% |
| Other tangible fixed assets | 26 | €43,276 | €34,288 | -€8,988 | -20.8% |
| Current assets | 29/58 | €425,826 | €436,400 | +€10,574 | +2.5% |
| Stocks and contracts in progress | 3 | €8,428 | €9,875 | +€1,447 | +17.2% |
| Stocks | 30/36 | €8,428 | €9,875 | +€1,447 | +17.2% |
| Amounts receivable within one year | 40/41 | €226,049 | €192,353 | -€33,695 | -14.9% |
| Trade receivables | 40 | €31,382 | - | -€31,382 | |
| Other amounts receivable | 41 | €194,666 | €192,353 | -€2,313 | -1.2% |
| Cash at bank and in hand | 54/58 | €190,761 | €233,451 | +€42,690 | +22.4% |
| Deferred charges and accrued income | 490/1 | €588 | €721 | +€132 | +22.5% |
| Total equity and liabilities | 10/49 | €486,027 | €488,222 | +€2,196 | +0.5% |
| Equity | 10/15 | €370,487 | €380,704 | +€10,217 | +2.8% |
| Contributions | 10/11 | €280,866 | €280,866 | = | 0.0% |
| Capital | 10 | €280,866 | €280,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,621 | €49,838 | +€10,217 | +25.8% |
| Investment grants | 15 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €115,540 | €107,518 | -€8,022 | -6.9% |
| Amounts payable within one year | 42/48 | €115,540 | €107,518 | -€8,022 | -6.9% |
| Trade debts | 44 | €50,846 | €43,485 | -€7,361 | -14.5% |
| Suppliers | 440/4 | €50,846 | €43,485 | -€7,361 | -14.5% |
| Taxes, remuneration and social security | 45 | €59,702 | €64,033 | +€4,331 | +7.3% |
| Taxes | 450/3 | €579 | €2,176 | +€1,597 | +275.6% |
| Remuneration and social security | 454/9 | €59,123 | €61,857 | +€2,734 | +4.6% |
| Remuneration, social security and pensions | 62 | €694,306 | €747,716 | +€53,411 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,617 | €17,175 | -€2,441 | -12.4% |
| Other operating charges | 640/8 | €1,952 | €2,715 | +€763 | +39.1% |
| Non-recurring operating charges | 66A | €73,067 | - | -€73,067 | |
| Gross operating margin | 9900 | €829,506 | €778,697 | -€50,808 | -6.1% |
| Operating profit (loss) | 9901 | €40,564 | €11,090 | -€29,474 | -72.7% |
| Financial income | 75/76B | €931 | €1,886 | +€955 | +102.6% |
| Recurring financial income | 75 | €931 | €1,886 | +€955 | +102.6% |
| Financial charges | 65/66B | €1,416 | €2,736 | +€1,321 | +93.3% |
| Recurring financial charges | 65 | €1,416 | €2,736 | +€1,321 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €40,079 | €10,240 | -€29,839 | -74.4% |
| Income taxes | 67/77 | €459 | €23 | -€436 | -95.0% |
| Profit (loss) for the period | 9904 | €39,621 | €10,217 | -€29,403 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,621 | €10,217 | -€29,403 | -74.2% |
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 8 October 2026 via checked.be.