Levaco: 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.
Levaco
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+64.0%), from €1.7m to €2.9m
of which Trade receivables: +€1.1m
- Cash -€566,975
down €566,975 (-38.3%), from €1.5m to €912,770
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€481,389)
- Tangible fixed assets -€483,071
down €483,071 (-72.6%), from €665,424 to €182,352
of which Land and buildings: -€482,570
- Current investments -€100,000
down €100,000 (-14.3%), from €700,000 to €600,000
- Deferred charges and accrued income -€82,274
down €82,274 (-91.9%), from €89,523 to €7,249
- Trade debts +€540,106
up €540,106 (+26.8%), from €2.0m to €2.6m
- Other debts -€442,308
down €442,308 (-60.8%), from €727,233 to €284,925
- Tax, wage and social debts -€218,432
down €218,432 (-57.3%), from €381,213 to €162,782
of which Taxes: -€239,815
- Accrued charges and deferred income +€65,729
up €65,729 (+342.9%), from €19,167 to €84,897
- Financial income +€945,362
up €945,362 (+231.5%), from €408,316 to €1.4m
- Financial charges +€508,946
up €508,946 (+118.5%), from €429,482 to €938,428
- Gross operating margin -€122,715
down €122,715 (-11.1%), from €1.1m to €986,444
- Staff costs +€106,116
up €106,116 (+20.3%), from €522,202 to €628,318
- Taxes +€54,077
up €54,077 (+49.7%), from €108,751 to €162,828
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,784,081 | €4,669,272 | -€114,809 | -2.4% |
| Fixed assets | 21/28 | €769,806 | €286,583 | -€483,223 | -62.8% |
| Intangible fixed assets | 21 | €670 | €519 | -€152 | -22.7% |
| Tangible fixed assets | 22/27 | €665,424 | €182,352 | -€483,071 | -72.6% |
| Land and buildings | 22 | €482,570 | - | -€482,570 | |
| Furniture and vehicles | 24 | €182,854 | €162,352 | -€20,502 | -11.2% |
| Other tangible fixed assets | 26 | - | €20,000 | +€20,000 | |
| Financial fixed assets | 28 | €103,712 | €103,712 | = | 0.0% |
| Current assets | 29/58 | €4,014,275 | €4,382,689 | +€368,414 | +9.2% |
| Amounts receivable within one year | 40/41 | €1,745,007 | €2,862,670 | +€1.1m | +64.0% |
| Trade receivables | 40 | €1,691,412 | €2,786,865 | +€1.1m | +64.8% |
| Other amounts receivable | 41 | €53,596 | €75,806 | +€22,210 | +41.4% |
| Current investments | 50/53 | €700,000 | €600,000 | -€100,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,479,745 | €912,770 | -€566,975 | -38.3% |
| Deferred charges and accrued income | 490/1 | €89,523 | €7,249 | -€82,274 | -91.9% |
| Total equity and liabilities | 10/49 | €4,784,081 | €4,669,272 | -€114,809 | -2.4% |
| Equity | 10/15 | €1,610,098 | €1,535,208 | -€74,891 | -4.7% |
| Contributions | 10/11 | €123,238 | €86,392 | -€36,846 | -29.9% |
| Capital | 10 | €123,238 | €86,392 | -€36,846 | -29.9% |
| Issued capital | 100 | €123,238 | €86,392 | -€36,846 | -29.9% |
| Reserves | 13 | €1,486,860 | €1,448,816 | -€38,045 | -2.6% |
| Non-distributable reserves | 130/1 | €12,324 | €12,324 | = | 0.0% |
| Legal reserve | 130 | €12,324 | €12,324 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,220 | €2,257 | -€963 | -29.9% |
| Distributable reserves | 133 | €1,471,317 | €1,434,235 | -€37,082 | -2.5% |
| Amounts payable | 17/49 | €3,173,983 | €3,134,064 | -€39,918 | -1.3% |
| Amounts payable after more than one year | 17 | - | €27,284 | +€27,284 | |
| Financial debts | 170/4 | - | €27,284 | +€27,284 | |
| Amounts payable within one year | 42/48 | €3,154,815 | €3,021,883 | -€132,932 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €34,564 | €22,265 | -€12,299 | -35.6% |
| Trade debts | 44 | €2,011,805 | €2,551,911 | +€540,106 | +26.8% |
| Suppliers | 440/4 | €2,011,805 | €2,551,911 | +€540,106 | +26.8% |
| Taxes, remuneration and social security | 45 | €381,213 | €162,782 | -€218,432 | -57.3% |
| Taxes | 450/3 | €298,284 | €58,469 | -€239,815 | -80.4% |
| Remuneration and social security | 454/9 | €82,930 | €104,313 | +€21,383 | +25.8% |
| Other amounts payable | 47/48 | €727,233 | €284,925 | -€442,308 | -60.8% |
| Accrued charges and deferred income | 492/3 | €19,167 | €84,897 | +€65,729 | +342.9% |
| Remuneration, social security and pensions | 62 | €522,202 | €628,318 | +€106,116 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,134 | €76,283 | -€37,850 | -33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,709 | €6,045 | -€19,664 | -76.5% |
| Other operating charges | 640/8 | €101,661 | €121,722 | +€20,060 | +19.7% |
| Gross operating margin | 9900 | €1,109,159 | €986,444 | -€122,715 | -11.1% |
| Operating profit (loss) | 9901 | €345,453 | €154,076 | -€191,377 | -55.4% |
| Financial income | 75/76B | €408,316 | €1,353,678 | +€945,362 | +231.5% |
| Recurring financial income | 75 | €408,316 | €1,353,678 | +€945,362 | +231.5% |
| Financial charges | 65/66B | €429,482 | €938,428 | +€508,946 | +118.5% |
| Recurring financial charges | 65 | €429,482 | €938,428 | +€508,946 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €324,287 | €569,326 | +€245,039 | +75.6% |
| Income taxes | 67/77 | €108,751 | €162,828 | +€54,077 | +49.7% |
| Profit (loss) for the period | 9904 | €215,537 | €406,499 | +€190,962 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €215,537 | €406,499 | +€190,962 | +88.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.