LEVAN OBAIX: 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.
LEVAN OBAIX
Largest movements
- Receivables within one year -€586,395
down €586,395 (-71.3%), from €822,722 to €236,327
of which Trade receivables: -€501,367
- Cash +€274,940
up €274,940 (+50.0%), from €549,979 to €824,918
mainly Receivables within one year (+€586,395) and Depreciation (+€563,381)
- Tangible fixed assets -€119,320
down €119,320 (-3.0%), from €3.9m to €3.8m
of which Plant, machinery and equipment: -€157,280
- Stocks and contracts +€60,552
up €60,552 (+50.5%), from €119,896 to €180,448
- Reserves +€1.2m
up €1.2m (+263%), from €437,429 to €1.6m
of which Distributable reserves: +€1.1m
- Profit (loss) carried forward -€882,386
no longer reported in 2025 (was €882,386)
- Trade debts -€658,020
down €658,020 (-77.8%), from €846,090 to €188,070
- Depreciation +€160,673
up €160,673 (+39.9%), from €402,708 to €563,381
- Gross operating margin -€72,419
down €72,419 (-7.7%), from €937,834 to €865,415
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 | €5,442,009 | €5,077,145 | -€364,865 | -6.7% |
| Fixed assets | 21/28 | €3,944,081 | €3,824,762 | -€119,320 | -3.0% |
| Tangible fixed assets | 22/27 | €3,944,081 | €3,824,762 | -€119,320 | -3.0% |
| Land and buildings | 22 | €296,013 | €283,140 | -€12,873 | -4.3% |
| Plant, machinery and equipment | 23 | €3,647,627 | €3,490,347 | -€157,280 | -4.3% |
| Furniture and vehicles | 24 | €441 | €51,274 | +€50,833 | +11,523% |
| Current assets | 29/58 | €1,497,928 | €1,252,383 | -€245,545 | -16.4% |
| Stocks and contracts in progress | 3 | €119,896 | €180,448 | +€60,552 | +50.5% |
| Stocks | 30/36 | €119,896 | €180,448 | +€60,552 | +50.5% |
| Amounts receivable within one year | 40/41 | €822,722 | €236,327 | -€586,395 | -71.3% |
| Trade receivables | 40 | €712,784 | €211,417 | -€501,367 | -70.3% |
| Other amounts receivable | 41 | €109,938 | €24,910 | -€85,028 | -77.3% |
| Cash at bank and in hand | 54/58 | €549,979 | €824,918 | +€274,940 | +50.0% |
| Deferred charges and accrued income | 490/1 | €5,332 | €10,690 | +€5,358 | +100% |
| Total equity and liabilities | 10/49 | €5,442,009 | €5,077,145 | -€364,865 | -6.7% |
| Equity | 10/15 | €1,565,073 | €1,828,372 | +€263,298 | +16.8% |
| Contributions | 10/11 | €219,000 | €219,000 | = | 0.0% |
| Reserves | 13 | €437,429 | €1,589,466 | +€1.2m | +263% |
| Tax-exempt reserves | 132 | €408,929 | €507,066 | +€98,136 | +24.0% |
| Distributable reserves | 133 | €28,500 | €1,082,401 | +€1.1m | +3,698% |
| Profit (loss) carried forward | 14 | €882,386 | - | -€882,386 | |
| Investment grants | 15 | €26,258 | €19,905 | -€6,353 | -24.2% |
| Provisions and deferred taxes | 16 | €136,310 | €169,022 | +€32,712 | +24.0% |
| Deferred taxes | 168 | €136,310 | €169,022 | +€32,712 | +24.0% |
| Amounts payable | 17/49 | €3,740,626 | €3,079,751 | -€660,875 | -17.7% |
| Amounts payable within one year | 42/48 | €3,740,626 | €3,079,751 | -€660,875 | -17.7% |
| Trade debts | 44 | €846,090 | €188,070 | -€658,020 | -77.8% |
| Suppliers | 440/4 | €846,090 | €188,070 | -€658,020 | -77.8% |
| Taxes, remuneration and social security | 45 | €1,530 | - | -€1,530 | |
| Taxes | 450/3 | €1,530 | - | -€1,530 | |
| Other amounts payable | 47/48 | €2,893,006 | €2,891,681 | -€1,325 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402,708 | €563,381 | +€160,673 | +39.9% |
| Other operating charges | 640/8 | €11,197 | €5,873 | -€5,323 | -47.5% |
| Non-recurring operating charges | 66A | €336 | - | -€336 | |
| Gross operating margin | 9900 | €937,834 | €865,415 | -€72,419 | -7.7% |
| Operating profit (loss) | 9901 | €523,593 | €296,161 | -€227,432 | -43.4% |
| Financial income | 75/76B | €14,705 | €6,359 | -€8,346 | -56.8% |
| Recurring financial income | 75 | €14,705 | €6,359 | -€8,346 | -56.8% |
| Financial charges | 65/66B | €1,025 | €157 | -€869 | -84.7% |
| Recurring financial charges | 65 | €1,025 | €157 | -€869 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €537,273 | €302,363 | -€234,909 | -43.7% |
| Transfer from deferred taxes | 780 | €2,090 | €20,386 | +€18,295 | +875% |
| Transfer to deferred taxes | 680 | €107,325 | €53,098 | -€54,227 | -50.5% |
| Profit (loss) for the period | 9904 | €432,038 | €269,651 | -€162,387 | -37.6% |
| Transfer from tax-exempt reserves | 789 | €30,440 | €61,157 | +€30,717 | +101% |
| Transfer to tax-exempt reserves | 689 | €321,975 | €159,293 | -€162,682 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,503 | €171,515 | +€31,012 | +22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.