LEVADE: 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.
LEVADE
Largest movements
- Tangible fixed assets -€12,759
down €12,759 (-4.6%), from €276,231 to €263,472
- Receivables after one year +€4,822
new in 2025: €4,822
- Deferred charges and accrued income -€3,067
down €3,067 (-76.5%), from €4,009 to €942
- Other debts -€12,970
down €12,970 (-18.3%), from €70,956 to €57,986
- Turnover -€9,456
down €9,456 (-31.3%), from €30,200 to €20,744
- Gross operating margin -€8,655
down €8,655 (-28.7%), from €30,200 to €21,545
- Other operating charges -€3,366
down €3,366 (-28.1%), from €11,968 to €8,602
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.
Derived cash bridge
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 | €280,917 | €270,290 | -€10,627 | -3.8% |
| Fixed assets | 21/28 | €276,231 | €263,472 | -€12,759 | -4.6% |
| Tangible fixed assets | 22/27 | €276,231 | €263,472 | -€12,759 | -4.6% |
| Land and buildings | 22 | €276,231 | €263,472 | -€12,759 | -4.6% |
| Current assets | 29/58 | €4,686 | €6,818 | +€2,132 | +45.5% |
| Amounts receivable after more than one year | 29 | - | €4,822 | +€4,822 | |
| Trade receivables | 290 | - | €4,822 | +€4,822 | |
| Cash at bank and in hand | 54/58 | €677 | €1,054 | +€377 | +55.7% |
| Deferred charges and accrued income | 490/1 | €4,009 | €942 | -€3,067 | -76.5% |
| Total equity and liabilities | 10/49 | €280,917 | €270,290 | -€10,627 | -3.8% |
| Equity | 10/15 | €209,961 | €210,145 | +€184 | +0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €21,302 | €21,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,659 | €63,843 | +€184 | +0.3% |
| Amounts payable | 17/49 | €70,956 | €60,145 | -€10,811 | -15.2% |
| Amounts payable within one year | 42/48 | €70,956 | €57,986 | -€12,970 | -18.3% |
| Other amounts payable | 47/48 | €70,956 | €57,986 | -€12,970 | -18.3% |
| Accrued charges and deferred income | 492/3 | - | €2,159 | +€2,159 | |
| Turnover | 70 | €30,200 | €20,744 | -€9,456 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,719 | €12,759 | +€40 | +0.3% |
| Other operating charges | 640/8 | €11,968 | €8,602 | -€3,366 | -28.1% |
| Gross operating margin | 9900 | €30,200 | €21,545 | -€8,655 | -28.7% |
| Operating profit (loss) | 9901 | €5,513 | €184 | -€5,329 | -96.7% |
| Financial charges | 65/66B | €131 | - | -€131 | |
| Recurring financial charges | 65 | €131 | - | -€131 | |
| Profit (loss) for the period before taxes | 9903 | €5,382 | €184 | -€5,198 | -96.6% |
| Profit (loss) for the period | 9904 | €5,382 | €184 | -€5,198 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,382 | €184 | -€5,198 | -96.6% |
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 16 October 2026 via checked.be.