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
- Tangible fixed assets -€34,782
down €34,782 (-3.0%), from €1.2m to €1.1m
of which Land and buildings: -€27,683
- Cash +€20,120
up €20,120 (+61.1%), from €32,905 to €53,026
mainly Depreciation (+€58,197) and Deferred charges and accrued income (+€12,224)
- Debts after one year -€30,390
down €30,390 (-10.3%), from €295,971 to €265,581
- Gross operating margin -€1,515
down €1,515 (-2.1%), from €73,239 to €71,724
- Other operating charges +€856
up €856 (+6.0%), from €14,369 to €15,225
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 | €1,269,416 | €1,241,219 | -€28,198 | -2.2% |
| Fixed assets | 21/28 | €1,191,721 | €1,156,939 | -€34,782 | -2.9% |
| Tangible fixed assets | 22/27 | €1,171,756 | €1,136,974 | -€34,782 | -3.0% |
| Land and buildings | 22 | €1,125,884 | €1,098,201 | -€27,683 | -2.5% |
| Plant, machinery and equipment | 23 | €45,872 | €38,773 | -€7,099 | -15.5% |
| Financial fixed assets | 28 | €19,965 | €19,965 | = | 0.0% |
| Current assets | 29/58 | €77,695 | €84,279 | +€6,584 | +8.5% |
| Amounts receivable within one year | 40/41 | €27,615 | €26,303 | -€1,312 | -4.8% |
| Trade receivables | 40 | €8,615 | €7,299 | -€1,316 | -15.3% |
| Other amounts receivable | 41 | €19,000 | €19,004 | +€4 | 0.0% |
| Cash at bank and in hand | 54/58 | €32,905 | €53,026 | +€20,120 | +61.1% |
| Deferred charges and accrued income | 490/1 | €17,175 | €4,951 | -€12,224 | -71.2% |
| Total equity and liabilities | 10/49 | €1,269,416 | €1,241,219 | -€28,198 | -2.2% |
| Equity | 10/15 | €866,537 | €859,071 | -€7,466 | -0.9% |
| Contributions | 10/11 | €1,027,000 | €1,027,000 | = | 0.0% |
| Capital | 10 | €1,027,000 | €1,027,000 | = | 0.0% |
| Issued capital | 100 | €1,027,000 | €1,027,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,463 | -€167,929 | -€7,466 | -4.7% |
| Amounts payable | 17/49 | €402,879 | €382,148 | -€20,731 | -5.1% |
| Amounts payable after more than one year | 17 | €295,971 | €265,581 | -€30,390 | -10.3% |
| Financial debts | 170/4 | €295,971 | €265,581 | -€30,390 | -10.3% |
| Amounts payable within one year | 42/48 | €105,948 | €112,805 | +€6,857 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €29,860 | €30,390 | +€530 | +1.8% |
| Trade debts | 44 | €23,696 | €23,488 | -€208 | -0.9% |
| Suppliers | 440/4 | €23,696 | €23,488 | -€208 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,462 | €1,654 | +€192 | +13.2% |
| Taxes | 450/3 | €1,462 | €1,654 | +€192 | +13.2% |
| Other amounts payable | 47/48 | €50,931 | €57,273 | +€6,343 | +12.5% |
| Accrued charges and deferred income | 492/3 | €960 | €3,762 | +€2,802 | +291.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,742 | €58,197 | +€455 | +0.8% |
| Other operating charges | 640/8 | €14,369 | €15,225 | +€856 | +6.0% |
| Gross operating margin | 9900 | €73,239 | €71,724 | -€1,515 | -2.1% |
| Operating profit (loss) | 9901 | €1,128 | -€1,698 | -€2,826 | |
| Financial income | 75/76B | €100 | €16 | -€84 | -83.7% |
| Recurring financial income | 75 | €100 | €16 | -€84 | -83.7% |
| Financial charges | 65/66B | €5,244 | €5,785 | +€541 | +10.3% |
| Recurring financial charges | 65 | €5,244 | €5,785 | +€541 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,015 | -€7,466 | -€3,451 | -85.9% |
| Profit (loss) for the period | 9904 | -€4,015 | -€7,466 | -€3,451 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,015 | -€7,466 | -€3,451 | -85.9% |
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 6 October 2026 via checked.be.