LEVARY: 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.
LEVARY
Largest movements
- Cash +€125,650
up €125,650 (+93.4%), from €134,465 to €260,115
mainly Receivables after one year (+€95,059) and Receivables within one year (+€27,442)
- Receivables after one year -€95,059
down €95,059 (-37.7%), from €251,982 to €156,923
- Receivables within one year -€27,442
down €27,442 (-60.2%), from €45,574 to €18,132
of which Other amounts receivable: -€24,872
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€8,167
up €8,167 (+52.9%), from -€15,433 to -€7,266
- Financial income -€3,859
down €3,859 (-26.1%), from €14,772 to €10,913
- Other operating charges -€568
down €568 (-58.7%), from €968 to €400
- Financial charges +€327
up €327 (+123.2%), from €265 to €592
- Depreciation +€233
up €233 (+231.8%), from €100 to €333
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 | €774,197 | €777,014 | +€2,816 | +0.4% |
| Fixed assets | 21/28 | €307,100 | €306,766 | -€333 | -0.1% |
| Tangible fixed assets | 22/27 | €900 | €566 | -€333 | -37.1% |
| Furniture and vehicles | 24 | €900 | €566 | -€333 | -37.1% |
| Financial fixed assets | 28 | €306,200 | €306,200 | = | 0.0% |
| Current assets | 29/58 | €467,098 | €470,247 | +€3,150 | +0.7% |
| Amounts receivable after more than one year | 29 | €251,982 | €156,923 | -€95,059 | -37.7% |
| Other amounts receivable | 291 | €251,982 | €156,923 | -€95,059 | -37.7% |
| Amounts receivable within one year | 40/41 | €45,574 | €18,132 | -€27,442 | -60.2% |
| Trade receivables | 40 | €2,570 | - | -€2,570 | |
| Other amounts receivable | 41 | €43,004 | €18,132 | -€24,872 | -57.8% |
| Current investments | 50/53 | €35,078 | €35,078 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,465 | €260,115 | +€125,650 | +93.4% |
| Total equity and liabilities | 10/49 | €774,197 | €777,014 | +€2,816 | +0.4% |
| Equity | 10/15 | €753,866 | €756,188 | +€2,322 | +0.3% |
| Contributions | 10/11 | €238,600 | €238,600 | = | 0.0% |
| Reserves | 13 | €20,902 | €20,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,902 | €20,902 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,902 | €20,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494,364 | €496,686 | +€2,322 | +0.5% |
| Amounts payable | 17/49 | €20,331 | €20,826 | +€494 | +2.4% |
| Amounts payable within one year | 42/48 | €6,684 | €2,178 | -€4,506 | -67.4% |
| Trade debts | 44 | €6,684 | €2,178 | -€4,506 | -67.4% |
| Suppliers | 440/4 | €6,684 | €2,178 | -€4,506 | -67.4% |
| Accrued charges and deferred income | 492/3 | €13,648 | €18,648 | +€5,000 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €333 | +€233 | +231.8% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | -€15,433 | -€7,266 | +€8,167 | +52.9% |
| Operating profit (loss) | 9901 | -€16,501 | -€7,999 | +€8,502 | +51.5% |
| Financial income | 75/76B | €14,772 | €10,913 | -€3,859 | -26.1% |
| Recurring financial income | 75 | €14,772 | €10,913 | -€3,859 | -26.1% |
| Financial charges | 65/66B | €265 | €592 | +€327 | +123.2% |
| Recurring financial charges | 65 | €265 | €592 | +€327 | +123.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,994 | €2,322 | +€4,316 | |
| Profit (loss) for the period | 9904 | -€1,994 | €2,322 | +€4,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,994 | €2,322 | +€4,316 |
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 4 October 2026 via checked.be.