Levan: 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.
Levan
Largest movements
- Tangible fixed assets +€79,562
up €79,562 (+83.0%), from €95,889 to €175,451
of which Furniture and vehicles: +€79,562
- Cash +€32,765
up €32,765 (+73.8%), from €44,378 to €77,143
mainly Debts after one year (+€66,242) and Depreciation (+€45,995)
- Receivables within one year +€3,867
up €3,867 (+11.7%), from €33,190 to €37,057
of which Trade receivables: +€10,781
- Debts after one year +€66,242
up €66,242 (+122.0%), from €54,313 to €120,555
- Reserves +€25,630
up €25,630 (+35.6%), from €72,090 to €97,720
- Current portion of long-term debt +€7,334
up €7,334 (+22.3%), from €32,887 to €40,221
- Tax, wage and social debts +€7,020
new in 2025: €7,020
- Accrued charges and deferred income +€4,304
new in 2025: €4,304
- Gross operating margin +€40,437
up €40,437 (+95.2%), from €42,487 to €82,924
- Taxes +€7,222
up €7,222 (+8677.2%), from €83 to €7,305
- Depreciation +€4,790
up €4,790 (+11.6%), from €41,205 to €45,995
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 | €182,396 | €294,775 | +€112,379 | +61.6% |
| Formation expenses | 20 | €357 | €0 | -€357 | -100.0% |
| Fixed assets | 21/28 | €96,024 | €175,586 | +€79,562 | +82.9% |
| Tangible fixed assets | 22/27 | €95,889 | €175,451 | +€79,562 | +83.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €95,889 | €175,451 | +€79,562 | +83.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €86,015 | €119,189 | +€33,174 | +38.6% |
| Stocks and contracts in progress | 3 | €3,374 | €1,610 | -€1,763 | -52.3% |
| Stocks | 30/36 | €788 | €1,610 | +€822 | +104.4% |
| Contracts in progress | 37 | €2,586 | - | -€2,586 | |
| Amounts receivable within one year | 40/41 | €33,190 | €37,057 | +€3,867 | +11.7% |
| Trade receivables | 40 | €26,276 | €37,057 | +€10,781 | +41.0% |
| Other amounts receivable | 41 | €6,915 | - | -€6,915 | |
| Cash at bank and in hand | 54/58 | €44,378 | €77,143 | +€32,765 | +73.8% |
| Deferred charges and accrued income | 490/1 | €5,073 | €3,379 | -€1,694 | -33.4% |
| Total equity and liabilities | 10/49 | €182,396 | €294,775 | +€112,379 | +61.6% |
| Equity | 10/15 | €91,076 | €117,720 | +€26,644 | +29.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,090 | €97,720 | +€25,630 | +35.6% |
| Distributable reserves | 133 | €72,090 | €97,720 | +€25,630 | +35.6% |
| Profit (loss) carried forward | 14 | -€1,015 | - | +€1,015 | |
| Amounts payable | 17/49 | €91,320 | €177,055 | +€85,734 | +93.9% |
| Amounts payable after more than one year | 17 | €54,313 | €120,555 | +€66,242 | +122.0% |
| Financial debts | 170/4 | €54,313 | €120,555 | +€66,242 | +122.0% |
| Amounts payable within one year | 42/48 | €37,007 | €52,196 | +€15,189 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €32,887 | €40,221 | +€7,334 | +22.3% |
| Trade debts | 44 | €4,120 | €4,948 | +€828 | +20.1% |
| Suppliers | 440/4 | €4,120 | €4,948 | +€828 | +20.1% |
| Taxes, remuneration and social security | 45 | - | €7,020 | +€7,020 | |
| Taxes | 450/3 | - | €7,020 | +€7,020 | |
| Other amounts payable | 47/48 | - | €7 | +€7 | |
| Accrued charges and deferred income | 492/3 | - | €4,304 | +€4,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,205 | €45,995 | +€4,790 | +11.6% |
| Other operating charges | 640/8 | €189 | €417 | +€228 | +120.7% |
| Gross operating margin | 9900 | €42,487 | €82,924 | +€40,437 | +95.2% |
| Operating profit (loss) | 9901 | €1,093 | €36,512 | +€35,419 | +3240.9% |
| Financial charges | 65/66B | €2,024 | €2,563 | +€538 | +26.6% |
| Recurring financial charges | 65 | €2,024 | €2,563 | +€538 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€931 | €33,950 | +€34,881 | |
| Income taxes | 67/77 | €83 | €7,305 | +€7,222 | +8677.2% |
| Profit (loss) for the period | 9904 | -€1,015 | €26,644 | +€27,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,015 | €26,644 | +€27,659 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.