Levebel: 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.
Levebel
Largest movements
- Tangible fixed assets -€16,720
down €16,720 (-5.3%), from €315,497 to €298,777
of which Land and buildings: -€16,720
- Cash -€6,900
down €6,900 (-4.5%), from €155,015 to €148,115
mainly Other debts (-€26,047) and Tax, wage and social debts (-€1,786)
- Other debts -€26,047
down €26,047 (-13.8%), from €188,686 to €162,639
- Reserves +€5,882
up €5,882 (+18.3%), from €32,213 to €38,095
of which Distributable reserves: +€5,588
- Gross operating margin -€6,521
down €6,521 (-17.6%), from €37,077 to €30,556
- Taxes -€1,847
down €1,847 (-40.2%), from €4,592 to €2,745
- Financial income +€685
up €685 (+364.4%), from €188 to €873
- Depreciation -€450
down €450 (-2.6%), from €17,170 to €16,720
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 | €472,549 | €449,479 | -€23,070 | -4.9% |
| Fixed assets | 21/28 | €315,497 | €298,777 | -€16,720 | -5.3% |
| Tangible fixed assets | 22/27 | €315,497 | €298,777 | -€16,720 | -5.3% |
| Land and buildings | 22 | €315,497 | €298,777 | -€16,720 | -5.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €157,052 | €150,703 | -€6,349 | -4.0% |
| Amounts receivable within one year | 40/41 | - | €517 | +€517 | |
| Other amounts receivable | 41 | - | €517 | +€517 | |
| Cash at bank and in hand | 54/58 | €155,015 | €148,115 | -€6,900 | -4.5% |
| Deferred charges and accrued income | 490/1 | €2,037 | €2,071 | +€34 | +1.7% |
| Total equity and liabilities | 10/49 | €472,549 | €449,479 | -€23,070 | -4.9% |
| Equity | 10/15 | €276,210 | €282,092 | +€5,882 | +2.1% |
| Contributions | 10/11 | €127,665 | €127,665 | = | 0.0% |
| Capital | 10 | €127,665 | €127,665 | = | 0.0% |
| Issued capital | 100 | €127,665 | €127,665 | = | 0.0% |
| Reserves | 13 | €32,213 | €38,095 | +€5,882 | +18.3% |
| Non-distributable reserves | 130/1 | €8,863 | €9,158 | +€294 | +3.3% |
| Legal reserve | 130 | €8,863 | €9,158 | +€294 | +3.3% |
| Distributable reserves | 133 | €23,350 | €28,938 | +€5,588 | +23.9% |
| Profit (loss) carried forward | 14 | €116,331 | €116,331 | = | 0.0% |
| Amounts payable | 17/49 | €196,339 | €167,388 | -€28,952 | -14.7% |
| Amounts payable within one year | 42/48 | €196,339 | €167,388 | -€28,952 | -14.7% |
| Trade debts | 44 | €3,316 | €2,198 | -€1,118 | -33.7% |
| Suppliers | 440/4 | €3,316 | €2,198 | -€1,118 | -33.7% |
| Taxes, remuneration and social security | 45 | €4,337 | €2,551 | -€1,786 | -41.2% |
| Taxes | 450/3 | €4,337 | €2,551 | -€1,786 | -41.2% |
| Other amounts payable | 47/48 | €188,686 | €162,639 | -€26,047 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,170 | €16,720 | -€450 | -2.6% |
| Other operating charges | 640/8 | €5,770 | €6,014 | +€243 | +4.2% |
| Gross operating margin | 9900 | €37,077 | €30,556 | -€6,521 | -17.6% |
| Operating profit (loss) | 9901 | €14,136 | €7,822 | -€6,314 | -44.7% |
| Financial income | 75/76B | €188 | €873 | +€685 | +364.4% |
| Recurring financial income | 75 | €188 | €873 | +€685 | +364.4% |
| Financial charges | 65/66B | €122 | €68 | -€54 | -44.5% |
| Recurring financial charges | 65 | €122 | €68 | -€54 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €14,202 | €8,627 | -€5,576 | -39.3% |
| Income taxes | 67/77 | €4,592 | €2,745 | -€1,847 | -40.2% |
| Profit (loss) for the period | 9904 | €9,611 | €5,882 | -€3,729 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,611 | €5,882 | -€3,729 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.