LEVANDES: 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.
LEVANDES
Largest movements
- Tangible fixed assets +€102,955
up €102,955 (+34.4%), from €299,579 to €402,534
of which Land and buildings: +€101,097
- Cash -€33,758
down €33,758 (-51.8%), from €65,225 to €31,467
mainly Investment in fixed assets (net) (-€121,623) and Accrued charges and deferred income (-€34,283)
- Debts after one year +€78,984
up €78,984 (+45.6%), from €173,248 to €252,232
- Accrued charges and deferred income -€34,283
down €34,283 (-94.0%), from €36,452 to €2,169
- Reserves +€28,713
up €28,713 (+58.3%), from €49,288 to €78,001
- Current portion of long-term debt +€10,622
up €10,622 (+85.4%), from €12,433 to €23,056
- Other debts -€9,393
down €9,393 (-41.7%), from €22,535 to €13,142
- Gross operating margin +€18,019
up €18,019 (+18.3%), from €98,675 to €116,693
- Depreciation -€10,669
down €10,669 (-36.4%), from €29,338 to €18,669
- Financial charges +€6,377
up €6,377 (+212%), from €3,012 to €9,389
- Taxes +€5,295
up €5,295 (+64.6%), from €8,192 to €13,487
- Other operating charges +€4,907
up €4,907 (+383%), from €1,281 to €6,188
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 | €381,182 | €454,109 | +€72,927 | +19.1% |
| Fixed assets | 21/28 | €299,619 | €402,574 | +€102,955 | +34.4% |
| Tangible fixed assets | 22/27 | €299,579 | €402,534 | +€102,955 | +34.4% |
| Land and buildings | 22 | €226,004 | €327,101 | +€101,097 | +44.7% |
| Plant, machinery and equipment | 23 | €3,311 | €1,891 | -€1,421 | -42.9% |
| Furniture and vehicles | 24 | €70,264 | €73,542 | +€3,278 | +4.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €81,563 | €51,535 | -€30,027 | -36.8% |
| Amounts receivable within one year | 40/41 | €16,245 | €20,068 | +€3,823 | +23.5% |
| Trade receivables | 40 | €14,309 | €20,068 | +€5,759 | +40.2% |
| Other amounts receivable | 41 | €1,936 | - | -€1,936 | |
| Cash at bank and in hand | 54/58 | €65,225 | €31,467 | -€33,758 | -51.8% |
| Deferred charges and accrued income | 490/1 | €92 | - | -€92 | |
| Total equity and liabilities | 10/49 | €381,182 | €454,109 | +€72,927 | +19.1% |
| Equity | 10/15 | €115,841 | €144,554 | +€28,713 | +24.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,288 | €78,001 | +€28,713 | +58.3% |
| Distributable reserves | 133 | €49,288 | €78,001 | +€28,713 | +58.3% |
| Profit (loss) carried forward | 14 | €54,152 | €54,152 | = | 0.0% |
| Amounts payable | 17/49 | €265,341 | €309,555 | +€44,214 | +16.7% |
| Amounts payable after more than one year | 17 | €173,248 | €252,232 | +€78,984 | +45.6% |
| Financial debts | 170/4 | €173,248 | €252,232 | +€78,984 | +45.6% |
| Amounts payable within one year | 42/48 | €55,641 | €55,154 | -€488 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,433 | €23,056 | +€10,622 | +85.4% |
| Trade debts | 44 | €2,702 | €947 | -€1,755 | -65.0% |
| Suppliers | 440/4 | €2,702 | €947 | -€1,755 | -65.0% |
| Taxes, remuneration and social security | 45 | €17,970 | €18,009 | +€38 | +0.2% |
| Taxes | 450/3 | €9,114 | €12,866 | +€3,752 | +41.2% |
| Remuneration and social security | 454/9 | €8,857 | €5,143 | -€3,714 | -41.9% |
| Other amounts payable | 47/48 | €22,535 | €13,142 | -€9,393 | -41.7% |
| Accrued charges and deferred income | 492/3 | €36,452 | €2,169 | -€34,283 | -94.0% |
| Remuneration, social security and pensions | 62 | €42,513 | €40,419 | -€2,094 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,338 | €18,669 | -€10,669 | -36.4% |
| Other operating charges | 640/8 | €1,281 | €6,188 | +€4,907 | +383% |
| Gross operating margin | 9900 | €98,675 | €116,693 | +€18,019 | +18.3% |
| Operating profit (loss) | 9901 | €25,543 | €51,418 | +€25,875 | +101% |
| Financial income | 75/76B | €433 | €171 | -€262 | -60.5% |
| Recurring financial income | 75 | €433 | €171 | -€262 | -60.5% |
| Financial charges | 65/66B | €3,012 | €9,389 | +€6,377 | +212% |
| Recurring financial charges | 65 | €3,012 | €9,389 | +€6,377 | +212% |
| Profit (loss) for the period before taxes | 9903 | €22,964 | €42,200 | +€19,236 | +83.8% |
| Income taxes | 67/77 | €8,192 | €13,487 | +€5,295 | +64.6% |
| Profit (loss) for the period | 9904 | €14,772 | €28,713 | +€13,941 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,772 | €28,713 | +€13,941 | +94.4% |
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.