Level Hub: 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 Hub
Largest movements
- Receivables within one year -€20,175
down €20,175 (-58.2%), from €34,647 to €14,473
of which Trade receivables: -€16,816
- Cash +€6,986
up €6,986 (+12.5%), from €55,835 to €62,821
mainly Net result for the year (+€42,981) and Receivables within one year (+€20,175)
- Tangible fixed assets -€5,731
down €5,731 (-13.7%), from €41,730 to €35,998
of which Furniture and vehicles: -€4,593
- Current investments +€4,000
new in 2025: €4,000
- Tax, wage and social debts -€13,767
down €13,767 (-52.9%), from €26,010 to €12,243
- Trade debts -€7,874
down €7,874 (-75.6%), from €10,418 to €2,544
- Profit (loss) carried forward +€6,981
up €6,981 (+11.7%), from €59,507 to €66,488
- Debts after one year -€6,523
down €6,523 (-23.8%), from €27,442 to €20,920
- Other debts +€6,150
new in 2025: €6,150
- Gross operating margin +€30,035
up €30,035 (+81.2%), from €37,001 to €67,035
- Depreciation +€7,774
up €7,774 (+617.4%), from €1,259 to €9,033
- Taxes +€5,001
up €5,001 (+65.1%), from €7,685 to €12,686
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 | €132,687 | €117,867 | -€14,820 | -11.2% |
| Fixed assets | 21/28 | €41,730 | €35,998 | -€5,731 | -13.7% |
| Tangible fixed assets | 22/27 | €41,730 | €35,998 | -€5,731 | -13.7% |
| Plant, machinery and equipment | 23 | €4,943 | €3,805 | -€1,139 | -23.0% |
| Furniture and vehicles | 24 | €36,787 | €32,194 | -€4,593 | -12.5% |
| Current assets | 29/58 | €90,957 | €81,869 | -€9,088 | -10.0% |
| Amounts receivable within one year | 40/41 | €34,647 | €14,473 | -€20,175 | -58.2% |
| Trade receivables | 40 | €24,352 | €7,536 | -€16,816 | -69.1% |
| Other amounts receivable | 41 | €10,296 | €6,937 | -€3,359 | -32.6% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €55,835 | €62,821 | +€6,986 | +12.5% |
| Deferred charges and accrued income | 490/1 | €475 | €576 | +€101 | +21.2% |
| Total equity and liabilities | 10/49 | €132,687 | €117,867 | -€14,820 | -11.2% |
| Equity | 10/15 | €62,507 | €69,488 | +€6,981 | +11.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,507 | €66,488 | +€6,981 | +11.7% |
| Amounts payable | 17/49 | €70,180 | €48,380 | -€21,800 | -31.1% |
| Amounts payable after more than one year | 17 | €27,442 | €20,920 | -€6,523 | -23.8% |
| Financial debts | 170/4 | €27,442 | €20,920 | -€6,523 | -23.8% |
| Amounts payable within one year | 42/48 | €42,738 | €27,460 | -€15,278 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €6,310 | €6,523 | +€213 | +3.4% |
| Trade debts | 44 | €10,418 | €2,544 | -€7,874 | -75.6% |
| Suppliers | 440/4 | €10,418 | €2,544 | -€7,874 | -75.6% |
| Taxes, remuneration and social security | 45 | €26,010 | €12,243 | -€13,767 | -52.9% |
| Taxes | 450/3 | €26,010 | €12,243 | -€13,767 | -52.9% |
| Other amounts payable | 47/48 | - | €6,150 | +€6,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €9,033 | +€7,774 | +617.4% |
| Other operating charges | 640/8 | €1,170 | €1,047 | -€123 | -10.5% |
| Non-recurring operating charges | 66A | €1,057 | - | -€1,057 | |
| Gross operating margin | 9900 | €37,001 | €67,035 | +€30,035 | +81.2% |
| Operating profit (loss) | 9901 | €33,514 | €56,955 | +€23,440 | +69.9% |
| Financial income | 75/76B | €9 | €179 | +€170 | +1897.8% |
| Recurring financial income | 75 | €9 | €179 | +€170 | +1897.8% |
| Financial charges | 65/66B | €1,578 | €1,467 | -€112 | -7.1% |
| Recurring financial charges | 65 | €1,578 | €1,467 | -€112 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €31,945 | €55,667 | +€23,722 | +74.3% |
| Income taxes | 67/77 | €7,685 | €12,686 | +€5,001 | +65.1% |
| Profit (loss) for the period | 9904 | €24,260 | €42,981 | +€18,721 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,260 | €42,981 | +€18,721 | +77.2% |
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 12 October 2026 via checked.be.