LEVBL: 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.
LEVBL
Largest movements
- Current investments +€343,484
up €343,484 (+25.0%), from €1.4m to €1.7m
- Cash +€91,381
up €91,381 (+1069.6%), from €8,543 to €99,924
mainly Contributions, distributions and other (+€378,810) and Receivables within one year (+€51,000)
- Receivables within one year -€51,000
down €51,000 (-16.1%), from €316,000 to €265,000
- Revaluation surpluses +€378,811
new in 2025: €378,811
- Reserves +€42,428
up €42,428 (+2.7%), from €1.6m to €1.6m
of which Distributable reserves: +€42,428
- Tax, wage and social debts -€37,463
down €37,463 (-31.9%), from €117,306 to €79,843
- Financial income -€838,040
down €838,040 (-93.9%), from €892,765 to €54,725
- Taxes -€68,216
down €68,216 (-89.4%), from €76,327 to €8,111
- Financial charges -€33,359
down €33,359 (-99.1%), from €33,673 to €314
- Gross operating margin -€2,807
down €2,807 (-263.8%), from -€1,064 to -€3,871
- Other operating charges -€1,293
no longer reported in 2025 (was €1,293)
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 | €1,730,526 | €2,114,391 | +€383,865 | +22.2% |
| Fixed assets | 21/28 | €30,750 | €30,750 | = | 0.0% |
| Financial fixed assets | 28 | €30,750 | €30,750 | = | 0.0% |
| Current assets | 29/58 | €1,699,776 | €2,083,641 | +€383,865 | +22.6% |
| Amounts receivable within one year | 40/41 | €316,000 | €265,000 | -€51,000 | -16.1% |
| Other amounts receivable | 41 | €316,000 | €265,000 | -€51,000 | -16.1% |
| Current investments | 50/53 | €1,375,233 | €1,718,717 | +€343,484 | +25.0% |
| Cash at bank and in hand | 54/58 | €8,543 | €99,924 | +€91,381 | +1069.6% |
| Total equity and liabilities | 10/49 | €1,730,526 | €2,114,391 | +€383,865 | +22.2% |
| Equity | 10/15 | €1,613,221 | €2,034,460 | +€421,239 | +26.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | - | €378,811 | +€378,811 | |
| Reserves | 13 | €1,551,721 | €1,594,149 | +€42,428 | +2.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,545,571 | €1,587,999 | +€42,428 | +2.7% |
| Amounts payable | 17/49 | €117,306 | €79,931 | -€37,375 | -31.9% |
| Amounts payable within one year | 42/48 | €117,306 | €79,931 | -€37,375 | -31.9% |
| Taxes, remuneration and social security | 45 | €117,306 | €79,843 | -€37,463 | -31.9% |
| Taxes | 450/3 | €117,306 | €79,843 | -€37,463 | -31.9% |
| Other amounts payable | 47/48 | - | €88 | +€88 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,064 | - | -€1,064 | |
| Other operating charges | 640/8 | €1,293 | - | -€1,293 | |
| Gross operating margin | 9900 | -€1,064 | -€3,871 | -€2,807 | -263.8% |
| Operating profit (loss) | 9901 | -€2,357 | -€3,871 | -€1,514 | -64.2% |
| Financial income | 75/76B | €892,765 | €54,725 | -€838,040 | -93.9% |
| Recurring financial income | 75 | €892,765 | €54,725 | -€838,040 | -93.9% |
| Financial charges | 65/66B | €33,673 | €314 | -€33,359 | -99.1% |
| Recurring financial charges | 65 | €33,673 | €314 | -€33,359 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €856,734 | €50,540 | -€806,194 | -94.1% |
| Income taxes | 67/77 | €76,327 | €8,111 | -€68,216 | -89.4% |
| Profit (loss) for the period | 9904 | €780,407 | €42,429 | -€737,978 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €780,407 | €42,429 | -€737,978 | -94.6% |
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 3 October 2026 via checked.be.