LeveL-21: 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.
LeveL-21
Largest movements
- Cash -€1,675
down €1,675 (-62.5%), from €2,682 to €1,007
mainly Net result for the year (-€36,155) and Receivables within one year (-€656)
- Receivables within one year +€656
up €656 (+9.1%), from €7,201 to €7,856
- Intangible fixed assets -€457
down €457 (-40.0%), from €1,141 to €684
- Deferred charges and accrued income -€180
down €180 (-100.0%), from €180 to €0
- Profit (loss) carried forward -€36,155
down €36,155 (-90.7%), from -€39,855 to -€76,010
- Trade debts +€29,880
up €29,880 (+2197.0%), from €1,360 to €31,240
- Other debts +€4,890
up €4,890 (+14.2%), from €34,427 to €39,317
- Accrued charges and deferred income -€271
down €271 (-100.0%), from €271 to €0
- Gross operating margin -€31,119
down €31,119 (-867.8%), from -€3,586 to -€34,705
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 | €11,204 | €9,548 | -€1,656 | -14.8% |
| Fixed assets | 21/28 | €1,141 | €684 | -€457 | -40.0% |
| Intangible fixed assets | 21 | €1,141 | €684 | -€457 | -40.0% |
| Current assets | 29/58 | €10,062 | €8,863 | -€1,199 | -11.9% |
| Amounts receivable within one year | 40/41 | €7,201 | €7,856 | +€656 | +9.1% |
| Other amounts receivable | 41 | €7,201 | €7,856 | +€656 | +9.1% |
| Cash at bank and in hand | 54/58 | €2,682 | €1,007 | -€1,675 | -62.5% |
| Deferred charges and accrued income | 490/1 | €180 | €0 | -€180 | -100.0% |
| Total equity and liabilities | 10/49 | €11,204 | €9,548 | -€1,656 | -14.8% |
| Equity | 10/15 | -€24,855 | -€61,010 | -€36,155 | -145.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,855 | -€76,010 | -€36,155 | -90.7% |
| Amounts payable | 17/49 | €36,059 | €70,557 | +€34,499 | +95.7% |
| Amounts payable within one year | 42/48 | €35,788 | €70,557 | +€34,770 | +97.2% |
| Trade debts | 44 | €1,360 | €31,240 | +€29,880 | +2197.0% |
| Suppliers | 440/4 | €1,360 | €31,240 | +€29,880 | +2197.0% |
| Other amounts payable | 47/48 | €34,427 | €39,317 | +€4,890 | +14.2% |
| Accrued charges and deferred income | 492/3 | €271 | €0 | -€271 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €457 | = | 0.0% |
| Other operating charges | 640/8 | €557 | €540 | -€16 | -3.0% |
| Gross operating margin | 9900 | -€3,586 | -€34,705 | -€31,119 | -867.8% |
| Operating profit (loss) | 9901 | -€4,600 | -€35,702 | -€31,103 | -676.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €353 | €453 | +€100 | +28.2% |
| Recurring financial charges | 65 | €353 | €453 | +€100 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,953 | -€36,155 | -€31,202 | -630.0% |
| Profit (loss) for the period | 9904 | -€4,953 | -€36,155 | -€31,202 | -630.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,953 | -€36,155 | -€31,202 | -630.0% |
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.