LEVEAUX-MS: 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.
LEVEAUX-MS
Largest movements
- Tangible fixed assets -€7,023
down €7,023 (-26.2%), from €26,761 to €19,738
of which Leasing and similar rights: -€9,760
- Cash -€1,663
down €1,663 (-4.9%), from €34,057 to €32,394
mainly Debts after one year (-€8,923) and Investment in fixed assets (net) (-€5,165)
- Receivables within one year -€1,628
down €1,628 (-2.4%), from €68,975 to €67,347
of which Trade receivables: -€3,576
- Debts after one year -€8,923
down €8,923 (-58.1%), from €15,346 to €6,423
- Trade debts -€2,583
down €2,583 (-14.9%), from €17,283 to €14,700
- Gross operating margin +€15,723
up €15,723 (+42.0%), from €37,426 to €53,149
- Other operating charges +€1,296
up €1,296 (+32.8%), from €3,948 to €5,244
- Depreciation -€1,082
down €1,082 (-8.2%), from €13,270 to €12,188
- Financial income +€1,016
up €1,016 (+28.0%), from €3,625 to €4,641
- Staff costs +€948
up €948 (+2.6%), from €36,589 to €37,537
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 | €162,772 | €153,281 | -€9,491 | -5.8% |
| Fixed assets | 21/28 | €26,831 | €19,808 | -€7,023 | -26.2% |
| Tangible fixed assets | 22/27 | €26,761 | €19,738 | -€7,023 | -26.2% |
| Plant, machinery and equipment | 23 | €2,334 | €748 | -€1,586 | -68.0% |
| Furniture and vehicles | 24 | €1,030 | €5,353 | +€4,323 | +420% |
| Leasing and similar rights | 25 | €23,397 | €13,637 | -€9,760 | -41.7% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €135,941 | €133,473 | -€2,468 | -1.8% |
| Stocks and contracts in progress | 3 | €31,368 | €32,018 | +€650 | +2.1% |
| Stocks | 30/36 | €31,368 | €32,018 | +€650 | +2.1% |
| Amounts receivable within one year | 40/41 | €68,975 | €67,347 | -€1,628 | -2.4% |
| Trade receivables | 40 | €4,987 | €1,411 | -€3,576 | -71.7% |
| Other amounts receivable | 41 | €63,988 | €65,936 | +€1,948 | +3.0% |
| Cash at bank and in hand | 54/58 | €34,057 | €32,394 | -€1,663 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,714 | +€173 | +11.2% |
| Total equity and liabilities | 10/49 | €162,772 | €153,281 | -€9,491 | -5.8% |
| Equity | 10/15 | €100,728 | €100,868 | +€140 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,321 | €93,321 | = | 0.0% |
| Distributable reserves | 133 | €93,321 | €93,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,065 | -€12,144 | +€921 | +7.0% |
| Investment grants | 15 | €1,872 | €1,091 | -€781 | -41.7% |
| Amounts payable | 17/49 | €62,044 | €52,413 | -€9,631 | -15.5% |
| Amounts payable after more than one year | 17 | €15,346 | €6,423 | -€8,923 | -58.1% |
| Financial debts | 170/4 | €15,346 | €6,423 | -€8,923 | -58.1% |
| Amounts payable within one year | 42/48 | €46,658 | €45,740 | -€918 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €12,396 | €13,044 | +€648 | +5.2% |
| Financial debts | 43 | €986 | €693 | -€293 | -29.7% |
| Credit institutions | 430/8 | €986 | €693 | -€293 | -29.7% |
| Trade debts | 44 | €17,283 | €14,700 | -€2,583 | -14.9% |
| Suppliers | 440/4 | €17,283 | €14,700 | -€2,583 | -14.9% |
| Taxes, remuneration and social security | 45 | €15,993 | €17,303 | +€1,310 | +8.2% |
| Taxes | 450/3 | €9,738 | €10,818 | +€1,080 | +11.1% |
| Remuneration and social security | 454/9 | €6,255 | €6,485 | +€230 | +3.7% |
| Accrued charges and deferred income | 492/3 | €40 | €250 | +€210 | +525% |
| Remuneration, social security and pensions | 62 | €36,589 | €37,537 | +€948 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,270 | €12,188 | -€1,082 | -8.2% |
| Other operating charges | 640/8 | €3,948 | €5,244 | +€1,296 | +32.8% |
| Gross operating margin | 9900 | €37,426 | €53,149 | +€15,723 | +42.0% |
| Operating profit (loss) | 9901 | -€16,381 | -€1,820 | +€14,561 | +88.9% |
| Financial income | 75/76B | €3,625 | €4,641 | +€1,016 | +28.0% |
| Recurring financial income | 75 | €3,625 | €4,641 | +€1,016 | +28.0% |
| Financial charges | 65/66B | €2,069 | €1,555 | -€514 | -24.8% |
| Recurring financial charges | 65 | €2,069 | €1,555 | -€514 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,825 | €1,266 | +€16,091 | |
| Income taxes | 67/77 | €365 | €345 | -€20 | -5.5% |
| Profit (loss) for the period | 9904 | -€15,190 | €921 | +€16,111 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,190 | €921 | +€16,111 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.