LEVAM: 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.
LEVAM
Largest movements
- Tangible fixed assets -€24,000
down €24,000 (-24.5%), from €97,907 to €73,907
- Cash +€16,805
up €16,805 (+35.4%), from €47,471 to €64,276
mainly Depreciation (+€28,000) and Net result for the year (+€21,389)
- Receivables within one year -€10,835
down €10,835 (-83.6%), from €12,953 to €2,118
of which Trade receivables: -€10,835
- Deferred charges and accrued income +€10,629
up €10,629 (+2029.6%), from €524 to €11,153
- Intangible fixed assets -€4,000
down €4,000 (-24.5%), from €16,318 to €12,318
- Debts after one year -€35,000
down €35,000 (-23.3%), from €150,000 to €115,000
- Profit (loss) carried forward +€21,389
up €21,389 (+85.8%), from €24,929 to €46,318
- Tax, wage and social debts +€5,516
up €5,516 (+253.4%), from €2,177 to €7,693
- Gross operating margin -€2,744
down €2,744 (-4.6%), from €59,773 to €57,029
- Depreciation +€2,225
up €2,225 (+8.6%), from €25,775 to €28,000
- Taxes -€1,125
down €1,125 (-13.0%), from €8,649 to €7,524
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,366 | €180,273 | -€9,093 | -4.8% |
| Fixed assets | 21/28 | €123,089 | €95,089 | -€28,000 | -22.7% |
| Intangible fixed assets | 21 | €16,318 | €12,318 | -€4,000 | -24.5% |
| Tangible fixed assets | 22/27 | €97,907 | €73,907 | -€24,000 | -24.5% |
| Plant, machinery and equipment | 23 | €97,907 | €73,907 | -€24,000 | -24.5% |
| Financial fixed assets | 28 | €8,864 | €8,864 | = | 0.0% |
| Current assets | 29/58 | €66,277 | €85,185 | +€18,907 | +28.5% |
| Stocks and contracts in progress | 3 | €5,330 | €7,638 | +€2,308 | +43.3% |
| Stocks | 30/36 | €5,330 | €7,638 | +€2,308 | +43.3% |
| Amounts receivable within one year | 40/41 | €12,953 | €2,118 | -€10,835 | -83.6% |
| Trade receivables | 40 | €12,953 | €2,118 | -€10,835 | -83.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €47,471 | €64,276 | +€16,805 | +35.4% |
| Deferred charges and accrued income | 490/1 | €524 | €11,153 | +€10,629 | +2029.6% |
| Total equity and liabilities | 10/49 | €189,366 | €180,273 | -€9,093 | -4.8% |
| Equity | 10/15 | €28,929 | €50,318 | +€21,389 | +73.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,929 | €46,318 | +€21,389 | +85.8% |
| Amounts payable | 17/49 | €160,438 | €129,956 | -€30,482 | -19.0% |
| Amounts payable after more than one year | 17 | €150,000 | €115,000 | -€35,000 | -23.3% |
| Other amounts payable | 178/9 | €150,000 | €115,000 | -€35,000 | -23.3% |
| Amounts payable within one year | 42/48 | €10,438 | €14,956 | +€4,518 | +43.3% |
| Trade debts | 44 | €491 | €965 | +€473 | +96.3% |
| Suppliers | 440/4 | €491 | €965 | +€473 | +96.3% |
| Taxes, remuneration and social security | 45 | €2,177 | €7,693 | +€5,516 | +253.4% |
| Taxes | 450/3 | €2,177 | €7,693 | +€5,516 | +253.4% |
| Other amounts payable | 47/48 | €7,769 | €6,297 | -€1,472 | -18.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,775 | €28,000 | +€2,225 | +8.6% |
| Other operating charges | 640/8 | €420 | €154 | -€266 | -63.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,773 | €57,029 | -€2,744 | -4.6% |
| Operating profit (loss) | 9901 | €33,577 | €28,874 | -€4,703 | -14.0% |
| Financial income | 75/76B | €0 | €89 | +€89 | +18851.1% |
| Recurring financial income | 75 | €0 | €89 | +€89 | +18851.1% |
| Financial charges | 65/66B | €0 | €50 | +€50 | +249900.0% |
| Recurring financial charges | 65 | €0 | €50 | +€50 | +249900.0% |
| Profit (loss) for the period before taxes | 9903 | €33,578 | €28,914 | -€4,664 | -13.9% |
| Income taxes | 67/77 | €8,649 | €7,524 | -€1,125 | -13.0% |
| Profit (loss) for the period | 9904 | €24,929 | €21,389 | -€3,540 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,929 | €21,389 | -€3,540 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.