LEVEL 4 CONSULTING: 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.
LEVEL 4 CONSULTING
Largest movements
- Current investments +€10,000
up €10,000 (+11.8%), from €85,000 to €95,000
- Cash -€9,935
down €9,935 (-36.0%), from €27,592 to €17,657
mainly Contributions, distributions and other (-€20,987) and Current investments (-€10,000)
- Tangible fixed assets -€8,611
down €8,611 (-56.0%), from €15,380 to €6,769
of which Furniture and vehicles: -€7,932
- Receivables within one year -€5,110
down €5,110 (-9.7%), from €52,873 to €47,763
of which Trade receivables: -€6,926
- Debts after one year -€5,363
no longer reported in 2025 (was €5,363)
- Other debts -€4,813
down €4,813 (-18.7%), from €25,800 to €20,987
- Reserves -€2,177
down €2,177 (-1.7%), from €129,054 to €126,877
- Gross operating margin -€10,073
down €10,073 (-23.0%), from €43,799 to €33,726
- Taxes -€2,741
down €2,741 (-23.8%), from €11,498 to €8,757
- Financial income +€807
up €807 (+48.1%), from €1,677 to €2,484
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 | €183,762 | €169,727 | -€14,035 | -7.6% |
| Fixed assets | 21/28 | €15,600 | €6,989 | -€8,611 | -55.2% |
| Tangible fixed assets | 22/27 | €15,380 | €6,769 | -€8,611 | -56.0% |
| Plant, machinery and equipment | 23 | €1,755 | €1,076 | -€679 | -38.7% |
| Furniture and vehicles | 24 | €13,625 | €5,693 | -€7,932 | -58.2% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €168,162 | €162,738 | -€5,424 | -3.2% |
| Amounts receivable within one year | 40/41 | €52,873 | €47,763 | -€5,110 | -9.7% |
| Trade receivables | 40 | €51,681 | €44,755 | -€6,926 | -13.4% |
| Other amounts receivable | 41 | €1,192 | €3,008 | +€1,816 | +152.3% |
| Current investments | 50/53 | €85,000 | €95,000 | +€10,000 | +11.8% |
| Cash at bank and in hand | 54/58 | €27,592 | €17,657 | -€9,935 | -36.0% |
| Deferred charges and accrued income | 490/1 | €2,697 | €2,318 | -€379 | -14.1% |
| Total equity and liabilities | 10/49 | €183,762 | €169,727 | -€14,035 | -7.6% |
| Equity | 10/15 | €142,441 | €139,277 | -€3,164 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,054 | €126,877 | -€2,177 | -1.7% |
| Distributable reserves | 133 | €129,054 | €126,877 | -€2,177 | -1.7% |
| Profit (loss) carried forward | 14 | €987 | - | -€987 | |
| Amounts payable | 17/49 | €41,321 | €30,450 | -€10,871 | -26.3% |
| Amounts payable after more than one year | 17 | €5,363 | - | -€5,363 | |
| Financial debts | 170/4 | €5,363 | - | -€5,363 | |
| Amounts payable within one year | 42/48 | €35,958 | €30,450 | -€5,508 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €7,087 | €5,363 | -€1,724 | -24.3% |
| Trade debts | 44 | €948 | €2,330 | +€1,382 | +145.8% |
| Suppliers | 440/4 | €948 | €2,330 | +€1,382 | +145.8% |
| Taxes, remuneration and social security | 45 | €2,123 | €1,770 | -€353 | -16.6% |
| Taxes | 450/3 | €2,123 | €1,770 | -€353 | -16.6% |
| Other amounts payable | 47/48 | €25,800 | €20,987 | -€4,813 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €8,611 | +€397 | +4.8% |
| Other operating charges | 640/8 | €987 | €684 | -€303 | -30.7% |
| Gross operating margin | 9900 | €43,799 | €33,726 | -€10,073 | -23.0% |
| Operating profit (loss) | 9901 | €34,598 | €24,431 | -€10,167 | -29.4% |
| Financial income | 75/76B | €1,677 | €2,484 | +€807 | +48.1% |
| Recurring financial income | 75 | €1,677 | €2,484 | +€807 | +48.1% |
| Financial charges | 65/66B | €389 | €335 | -€54 | -13.9% |
| Recurring financial charges | 65 | €389 | €335 | -€54 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €35,886 | €26,580 | -€9,306 | -25.9% |
| Income taxes | 67/77 | €11,498 | €8,757 | -€2,741 | -23.8% |
| Profit (loss) for the period | 9904 | €24,388 | €17,823 | -€6,565 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,388 | €17,823 | -€6,565 | -26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.