LEVA CARDIO: 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.
LEVA CARDIO
Largest movements
- Cash +€76,928
up €76,928 (+18.1%), from €425,678 to €502,606
mainly Net result for the year (+€87,700) and Other debts (+€19,350)
- Receivables within one year -€9,090
down €9,090 (-65.1%), from €13,972 to €4,883
of which Other amounts receivable: -€9,007
- Reserves +€48,350
up €48,350 (+11.9%), from €405,603 to €453,953
- Other debts +€19,350
new in 2025: €19,350
- Debts after one year -€13,078
down €13,078 (-11.1%), from €118,096 to €105,018
- Gross operating margin +€20,497
up €20,497 (+17.8%), from €115,036 to €135,534
- Taxes +€5,684
up €5,684 (+19.5%), from €29,086 to €34,770
- Depreciation +€1,680
up €1,680 (+21.3%), from €7,883 to €9,563
- Financial income -€1,445
down €1,445 (-58.4%), from €2,473 to €1,028
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 | €658,614 | €722,263 | +€63,649 | +9.7% |
| Fixed assets | 21/28 | €193,647 | €192,989 | -€658 | -0.3% |
| Tangible fixed assets | 22/27 | €193,647 | €192,989 | -€658 | -0.3% |
| Land and buildings | 22 | €171,335 | €171,335 | = | 0.0% |
| Plant, machinery and equipment | 23 | €18,952 | €11,912 | -€7,040 | -37.1% |
| Furniture and vehicles | 24 | - | €7,077 | +€7,077 | |
| Other tangible fixed assets | 26 | €3,360 | €2,666 | -€695 | -20.7% |
| Current assets | 29/58 | €464,967 | €529,274 | +€64,307 | +13.8% |
| Amounts receivable after more than one year | 29 | €21,000 | €17,500 | -€3,500 | -16.7% |
| Trade receivables | 290 | €21,000 | €17,500 | -€3,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €13,972 | €4,883 | -€9,090 | -65.1% |
| Trade receivables | 40 | €83 | - | -€83 | |
| Other amounts receivable | 41 | €13,890 | €4,883 | -€9,007 | -64.8% |
| Cash at bank and in hand | 54/58 | €425,678 | €502,606 | +€76,928 | +18.1% |
| Deferred charges and accrued income | 490/1 | €4,317 | €4,285 | -€32 | -0.7% |
| Total equity and liabilities | 10/49 | €658,614 | €722,263 | +€63,649 | +9.7% |
| Equity | 10/15 | €513,644 | €561,994 | +€48,350 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €405,603 | €453,953 | +€48,350 | +11.9% |
| Distributable reserves | 133 | €405,603 | €453,953 | +€48,350 | +11.9% |
| Profit (loss) carried forward | 14 | €95,640 | €95,640 | = | 0.0% |
| Amounts payable | 17/49 | €144,970 | €160,269 | +€15,299 | +10.6% |
| Amounts payable after more than one year | 17 | €118,096 | €105,018 | -€13,078 | -11.1% |
| Financial debts | 170/4 | €118,096 | €105,018 | -€13,078 | -11.1% |
| Amounts payable within one year | 42/48 | €26,202 | €54,501 | +€28,299 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | €12,717 | €13,032 | +€315 | +2.5% |
| Trade debts | 44 | €2,235 | €9,098 | +€6,863 | +307.1% |
| Suppliers | 440/4 | €2,235 | €9,098 | +€6,863 | +307.1% |
| Taxes, remuneration and social security | 45 | €11,250 | €13,020 | +€1,770 | +15.7% |
| Taxes | 450/3 | €8,250 | €10,020 | +€1,770 | +21.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €19,350 | +€19,350 | |
| Accrued charges and deferred income | 492/3 | €672 | €750 | +€78 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,883 | €9,563 | +€1,680 | +21.3% |
| Other operating charges | 640/8 | €480 | €458 | -€21 | -4.4% |
| Gross operating margin | 9900 | €115,036 | €135,534 | +€20,497 | +17.8% |
| Operating profit (loss) | 9901 | €106,674 | €125,513 | +€18,839 | +17.7% |
| Financial income | 75/76B | €2,473 | €1,028 | -€1,445 | -58.4% |
| Recurring financial income | 75 | €2,473 | €1,028 | -€1,445 | -58.4% |
| Financial charges | 65/66B | €5,073 | €4,070 | -€1,003 | -19.8% |
| Recurring financial charges | 65 | €5,073 | €4,070 | -€1,003 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €104,074 | €122,471 | +€18,397 | +17.7% |
| Income taxes | 67/77 | €29,086 | €34,770 | +€5,684 | +19.5% |
| Profit (loss) for the period | 9904 | €74,988 | €87,700 | +€12,713 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,988 | €87,700 | +€12,713 | +17.0% |
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 12 October 2026 via checked.be.