Levaro: 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.
Levaro
Largest movements
- Cash +€108,070
up €108,070 (+462.8%), from €23,351 to €131,420
mainly Net result for the year (+€90,568) and Depreciation (+€8,373)
- Tangible fixed assets -€8,373
down €8,373 (-48.3%), from €17,322 to €8,950
of which Furniture and vehicles: -€7,665
- Reserves +€90,568
up €90,568 (+90.5%), from €100,057 to €190,625
- Tax, wage and social debts +€8,371
up €8,371 (+50.8%), from €16,488 to €24,859
- Gross operating margin +€37,033
up €37,033 (+42.8%), from €86,457 to €123,490
- Taxes +€8,696
up €8,696 (+52.4%), from €16,584 to €25,280
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 | €122,737 | €222,261 | +€99,524 | +81.1% |
| Fixed assets | 21/28 | €17,322 | €8,950 | -€8,373 | -48.3% |
| Tangible fixed assets | 22/27 | €17,322 | €8,950 | -€8,373 | -48.3% |
| Plant, machinery and equipment | 23 | €880 | €173 | -€708 | -80.4% |
| Furniture and vehicles | 24 | €16,442 | €8,777 | -€7,665 | -46.6% |
| Current assets | 29/58 | €105,415 | €213,312 | +€107,897 | +102.4% |
| Amounts receivable within one year | 40/41 | €5,969 | €5,561 | -€409 | -6.8% |
| Trade receivables | 40 | €5,969 | €5,561 | -€409 | -6.8% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,351 | €131,420 | +€108,070 | +462.8% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,331 | +€236 | +21.5% |
| Total equity and liabilities | 10/49 | €122,737 | €222,261 | +€99,524 | +81.1% |
| Equity | 10/15 | €102,557 | €193,125 | +€90,568 | +88.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €100,057 | €190,625 | +€90,568 | +90.5% |
| Distributable reserves | 133 | €100,057 | €190,625 | +€90,568 | +90.5% |
| Amounts payable | 17/49 | €20,181 | €29,137 | +€8,956 | +44.4% |
| Amounts payable within one year | 42/48 | €20,181 | €29,137 | +€8,956 | +44.4% |
| Trade debts | 44 | €1,214 | €1,279 | +€65 | +5.3% |
| Suppliers | 440/4 | €1,214 | €1,279 | +€65 | +5.3% |
| Taxes, remuneration and social security | 45 | €16,488 | €24,859 | +€8,371 | +50.8% |
| Taxes | 450/3 | €16,488 | €24,859 | +€8,371 | +50.8% |
| Other amounts payable | 47/48 | €2,478 | €2,999 | +€521 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,175 | €8,373 | +€1,198 | +16.7% |
| Other operating charges | 640/8 | €789 | €448 | -€341 | -43.2% |
| Gross operating margin | 9900 | €86,457 | €123,490 | +€37,033 | +42.8% |
| Operating profit (loss) | 9901 | €78,494 | €114,670 | +€36,176 | +46.1% |
| Financial income | 75/76B | €320 | €1,403 | +€1,084 | +338.9% |
| Recurring financial income | 75 | €320 | €1,403 | +€1,084 | +338.9% |
| Financial charges | 65/66B | €101 | €225 | +€125 | +124.1% |
| Recurring financial charges | 65 | €101 | €128 | +€27 | +27.1% |
| Non-recurring financial charges | 66B | - | €98 | +€98 | |
| Profit (loss) for the period before taxes | 9903 | €78,713 | €115,848 | +€37,135 | +47.2% |
| Income taxes | 67/77 | €16,584 | €25,280 | +€8,696 | +52.4% |
| Profit (loss) for the period | 9904 | €62,129 | €90,568 | +€28,439 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,129 | €90,568 | +€28,439 | +45.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.