LEVANO: what changed
LEVANO
Largest movements
- Receivables within one year -€165,411
down €165,411 (-99.5%), from €166,242 to €831
of which Trade receivables: -€139,024
- Cash -€105,968
down €105,968 (-37.5%), from €282,860 to €176,892
mainly Contributions, distributions and other (-€265,000) and Other debts (-€130,455)
- Tangible fixed assets -€14,017
down €14,017 (-2.2%), from €628,096 to €614,080
of which Furniture and vehicles: -€20,338
- Reserves -€163,240
down €163,240 (-35.4%), from €460,851 to €297,611
- Other debts -€130,455
down €130,455 (-55.4%), from €235,529 to €105,075
- Tax, wage and social debts +€43,464
up €43,464 (+2,229%), from €1,950 to €45,414
- Debts after one year -€36,667
down €36,667 (-13.6%), from €268,888 to €232,222
- Taxes +€14,371
up €14,371 (+98.4%), from €14,610 to €28,980
- Gross operating margin +€9,915
up €9,915 (+4.9%), from €203,845 to €213,760
- Other operating charges +€3,978
up €3,978 (+34.2%), from €11,632 to €15,609
- Financial charges -€2,390
down €2,390 (-10.6%), from €22,561 to €20,171
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,379 | €893,117 | -€286,262 | -24.3% |
| Fixed assets | 21/28 | €628,096 | €614,080 | -€14,017 | -2.2% |
| Tangible fixed assets | 22/27 | €628,096 | €614,080 | -€14,017 | -2.2% |
| Land and buildings | 22 | €566,810 | €573,131 | +€6,322 | +1.1% |
| Furniture and vehicles | 24 | €61,287 | €40,948 | -€20,338 | -33.2% |
| Current assets | 29/58 | €551,283 | €279,037 | -€272,246 | -49.4% |
| Amounts receivable within one year | 40/41 | €166,242 | €831 | -€165,411 | -99.5% |
| Trade receivables | 40 | €139,150 | €126 | -€139,024 | -99.9% |
| Other amounts receivable | 41 | €27,092 | €705 | -€26,387 | -97.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €282,860 | €176,892 | -€105,968 | -37.5% |
| Deferred charges and accrued income | 490/1 | €2,181 | €1,314 | -€867 | -39.7% |
| Total equity and liabilities | 10/49 | €1,179,379 | €893,117 | -€286,262 | -24.3% |
| Equity | 10/15 | €614,451 | €451,211 | -€163,240 | -26.6% |
| Contributions | 10/11 | €153,600 | €153,600 | = | 0.0% |
| Reserves | 13 | €460,851 | €297,611 | -€163,240 | -35.4% |
| Distributable reserves | 133 | €460,851 | €297,611 | -€163,240 | -35.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €564,928 | €441,906 | -€123,022 | -21.8% |
| Amounts payable after more than one year | 17 | €268,888 | €232,222 | -€36,667 | -13.6% |
| Financial debts | 170/4 | €268,888 | €232,222 | -€36,667 | -13.6% |
| Amounts payable within one year | 42/48 | €278,478 | €194,233 | -€84,246 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €36,667 | €36,667 | = | 0.0% |
| Trade debts | 44 | €4,332 | €7,077 | +€2,746 | +63.4% |
| Suppliers | 440/4 | €4,332 | €7,077 | +€2,746 | +63.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,950 | €45,414 | +€43,464 | +2,229% |
| Taxes | 450/3 | €1,950 | €45,414 | +€43,464 | +2,229% |
| Other amounts payable | 47/48 | €235,529 | €105,075 | -€130,455 | -55.4% |
| Accrued charges and deferred income | 492/3 | €17,562 | €15,452 | -€2,110 | -12.0% |
| Non-recurring operating income | 76A | €271 | €0 | -€271 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,779 | €50,160 | +€381 | +0.8% |
| Other operating charges | 640/8 | €11,632 | €15,609 | +€3,978 | +34.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €203,845 | €213,760 | +€9,915 | +4.9% |
| Operating profit (loss) | 9901 | €142,434 | €147,991 | +€5,557 | +3.9% |
| Financial income | 75/76B | €2,916 | €2,921 | +€5 | +0.2% |
| Recurring financial income | 75 | €2,916 | €2,921 | +€5 | +0.2% |
| Financial charges | 65/66B | €22,561 | €20,171 | -€2,390 | -10.6% |
| Recurring financial charges | 65 | €22,561 | €20,171 | -€2,390 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €122,789 | €130,740 | +€7,951 | +6.5% |
| Income taxes | 67/77 | €14,610 | €28,980 | +€14,371 | +98.4% |
| Profit (loss) for the period | 9904 | €108,179 | €101,760 | -€6,419 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,179 | €101,760 | -€6,419 | -5.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.