Levada: 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.
Levada
Largest movements
- Tangible fixed assets -€13,486
down €13,486 (-23.6%), from €57,232 to €43,746
of which Furniture and vehicles: -€11,830
- Cash -€7,568
down €7,568 (-65.6%), from €11,530 to €3,962
mainly Net result for the year (-€11,123) and Debts after one year (-€9,398)
- Receivables within one year +€1,243
up €1,243 (+48.0%), from €2,590 to €3,833
of which Other amounts receivable: +€3,833
- Profit (loss) carried forward -€11,123
new in 2025: -€11,123
- Debts after one year -€9,398
down €9,398 (-26.7%), from €35,227 to €25,829
- Tax, wage and social debts -€1,977
down €1,977 (-94.3%), from €2,097 to €120
- Trade debts +€1,437
up €1,437 (+47.6%), from €3,020 to €4,457
- Accrued charges and deferred income +€759
new in 2025: €759
- Gross operating margin -€16,075
down €16,075 (-74.7%), from €21,513 to €5,438
- Depreciation +€6,429
up €6,429 (+91.1%), from €7,057 to €13,486
- Taxes -€3,893
down €3,893 (-95.9%), from €4,059 to €167
- Financial charges +€625
up €625 (+59.4%), from €1,053 to €1,678
- Other operating charges +€518
up €518 (+72.7%), from €712 to €1,230
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 | €73,132 | €53,417 | -€19,715 | -27.0% |
| Fixed assets | 21/28 | €57,232 | €43,746 | -€13,486 | -23.6% |
| Tangible fixed assets | 22/27 | €57,232 | €43,746 | -€13,486 | -23.6% |
| Plant, machinery and equipment | 23 | €3,482 | €1,825 | -€1,656 | -47.6% |
| Furniture and vehicles | 24 | €53,750 | €41,921 | -€11,830 | -22.0% |
| Current assets | 29/58 | €15,900 | €9,671 | -€6,229 | -39.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,590 | €3,833 | +€1,243 | +48.0% |
| Trade receivables | 40 | €2,590 | €0 | -€2,590 | -100.0% |
| Other amounts receivable | 41 | - | €3,833 | +€3,833 | |
| Cash at bank and in hand | 54/58 | €11,530 | €3,962 | -€7,568 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,780 | €1,876 | +€96 | +5.4% |
| Total equity and liabilities | 10/49 | €73,132 | €53,417 | -€19,715 | -27.0% |
| Equity | 10/15 | €23,655 | €12,532 | -€11,123 | -47.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,155 | €21,155 | = | 0.0% |
| Distributable reserves | 133 | €21,155 | €21,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,123 | -€11,123 | |
| Amounts payable | 17/49 | €49,477 | €40,885 | -€8,592 | -17.4% |
| Amounts payable after more than one year | 17 | €35,227 | €25,829 | -€9,398 | -26.7% |
| Financial debts | 170/4 | €35,227 | €25,829 | -€9,398 | -26.7% |
| Amounts payable within one year | 42/48 | €14,249 | €14,296 | +€47 | +0.3% |
| Financial debts | 43 | €9,080 | €9,398 | +€318 | +3.5% |
| Other loans | 439 | €9,080 | €9,398 | +€318 | +3.5% |
| Trade debts | 44 | €3,020 | €4,457 | +€1,437 | +47.6% |
| Suppliers | 440/4 | €3,020 | €4,457 | +€1,437 | +47.6% |
| Taxes, remuneration and social security | 45 | €2,097 | €120 | -€1,977 | -94.3% |
| Taxes | 450/3 | €2,097 | €120 | -€1,977 | -94.3% |
| Other amounts payable | 47/48 | €52 | €321 | +€269 | +512.6% |
| Accrued charges and deferred income | 492/3 | - | €759 | +€759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,057 | €13,486 | +€6,429 | +91.1% |
| Other operating charges | 640/8 | €712 | €1,230 | +€518 | +72.7% |
| Gross operating margin | 9900 | €21,513 | €5,438 | -€16,075 | -74.7% |
| Operating profit (loss) | 9901 | €13,743 | -€9,278 | -€23,021 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.7% |
| Financial charges | 65/66B | €1,053 | €1,678 | +€625 | +59.4% |
| Recurring financial charges | 65 | €1,053 | €1,678 | +€625 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €12,696 | -€10,956 | -€23,652 | |
| Income taxes | 67/77 | €4,059 | €167 | -€3,893 | -95.9% |
| Profit (loss) for the period | 9904 | €8,637 | -€11,123 | -€19,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,637 | -€11,123 | -€19,760 |
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 5 October 2026 via checked.be.