LEVADEX MGT: 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.
LEVADEX MGT
Largest movements
- Tangible fixed assets -€12,646
down €12,646 (-45.6%), from €27,729 to €15,083
- Cash +€8,935
up €8,935 (+24.1%), from €37,138 to €46,073
mainly Depreciation (+€13,533) and Receivables within one year (+€7,901)
- Receivables within one year -€7,901
down €7,901 (-55.8%), from €14,169 to €6,268
of which Trade receivables: -€11,243
- Other debts -€10,351
down €10,351 (-75.5%), from €13,712 to €3,361
- Tax, wage and social debts -€1,385
down €1,385 (-100%), from €1,385 to €0
- Turnover -€30,000
no longer reported in 2025 (was €30,000)
- Gross operating margin -€15,013
down €15,013 (-48.4%), from €30,999 to €15,987
- Purchases and services -€9,879
no longer reported in 2025 (was €9,879)
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 | €79,208 | €67,600 | -€11,608 | -14.7% |
| Fixed assets | 21/28 | €27,729 | €15,083 | -€12,646 | -45.6% |
| Tangible fixed assets | 22/27 | €27,729 | €15,083 | -€12,646 | -45.6% |
| Furniture and vehicles | 24 | €27,729 | €15,083 | -€12,646 | -45.6% |
| Current assets | 29/58 | €51,480 | €52,518 | +€1,038 | +2.0% |
| Amounts receivable within one year | 40/41 | €14,169 | €6,268 | -€7,901 | -55.8% |
| Trade receivables | 40 | €11,243 | €0 | -€11,243 | -100% |
| Other amounts receivable | 41 | €2,927 | €6,268 | +€3,342 | +114% |
| Cash at bank and in hand | 54/58 | €37,138 | €46,073 | +€8,935 | +24.1% |
| Deferred charges and accrued income | 490/1 | €172 | €176 | +€4 | +2.1% |
| Total equity and liabilities | 10/49 | €79,208 | €67,600 | -€11,608 | -14.7% |
| Equity | 10/15 | €63,279 | €62,980 | -€299 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,860 | €139,860 | = | 0.0% |
| Distributable reserves | 133 | €139,860 | €139,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,181 | -€95,480 | -€299 | -0.3% |
| Amounts payable | 17/49 | €15,929 | €4,620 | -€11,309 | -71.0% |
| Amounts payable within one year | 42/48 | €15,929 | €4,220 | -€11,709 | -73.5% |
| Financial debts | 43 | €221 | €0 | -€221 | -100% |
| Credit institutions | 430/8 | €221 | €0 | -€221 | -100% |
| Trade debts | 44 | €611 | €859 | +€248 | +40.6% |
| Suppliers | 440/4 | €611 | €859 | +€248 | +40.6% |
| Taxes, remuneration and social security | 45 | €1,385 | €0 | -€1,385 | -100% |
| Taxes | 450/3 | €1,385 | €0 | -€1,385 | -100% |
| Other amounts payable | 47/48 | €13,712 | €3,361 | -€10,351 | -75.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Turnover | 70 | €30,000 | - | -€30,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,879 | - | -€9,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,485 | €13,533 | +€47 | +0.4% |
| Other operating charges | 640/8 | €1,814 | €1,699 | -€115 | -6.4% |
| Gross operating margin | 9900 | €30,999 | €15,987 | -€15,013 | -48.4% |
| Operating profit (loss) | 9901 | €15,700 | €756 | -€14,945 | -95.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €55 | €55 | = | 0.0% |
| Recurring financial charges | 65 | €55 | €55 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,645 | €701 | -€14,945 | -95.5% |
| Income taxes | 67/77 | €1,073 | €1,000 | -€73 | -6.8% |
| Profit (loss) for the period | 9904 | €14,572 | -€299 | -€14,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,572 | -€299 | -€14,871 |
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 15 October 2026 via checked.be.