Level IT: 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 IT
Largest movements
- Current investments +€85,038
up €85,038 (+14079.1%), from €604 to €85,642
- Cash +€25,071
up €25,071 (+24.8%), from €101,090 to €126,161
mainly Depreciation (+€248,736) and Debts after one year (+€126,678)
- Tangible fixed assets -€12,540
down €12,540 (-13.1%), from €95,666 to €83,126
- Financial fixed assets +€10,000
up €10,000 (+704.2%), from €1,420 to €11,420
- Debts after one year +€126,678
up €126,678 (+231.1%), from €54,807 to €181,485
- Profit (loss) carried forward -€77,119
down €77,119 (-177.5%), from -€43,439 to -€120,558
- Trade debts +€36,594
up €36,594 (+179.4%), from €20,401 to €56,995
- Current portion of long-term debt +€25,154
up €25,154 (+60.2%), from €41,813 to €66,967
- Gross operating margin +€41,958
up €41,958 (+10.3%), from €408,594 to €450,552
- Depreciation -€6,300
down €6,300 (-2.5%), from €255,036 to €248,736
- Taxes -€5,549
down €5,549 (-99.8%), from €5,558 to €9
- Financial income -€4,832
down €4,832 (-73.6%), from €6,563 to €1,731
of which Non-recurring financial income: -€3,292
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,040 | €953,863 | +€118,823 | +14.2% |
| Fixed assets | 21/28 | €531,804 | €537,301 | +€5,497 | +1.0% |
| Intangible fixed assets | 21 | €434,718 | €442,755 | +€8,037 | +1.8% |
| Tangible fixed assets | 22/27 | €95,666 | €83,126 | -€12,540 | -13.1% |
| Land and buildings | 22 | €82,915 | €77,177 | -€5,738 | -6.9% |
| Plant, machinery and equipment | 23 | €2,290 | €812 | -€1,478 | -64.5% |
| Furniture and vehicles | 24 | €6,796 | €3,473 | -€3,323 | -48.9% |
| Other tangible fixed assets | 26 | €3,665 | €1,664 | -€2,001 | -54.6% |
| Financial fixed assets | 28 | €1,420 | €11,420 | +€10,000 | +704.2% |
| Current assets | 29/58 | €303,236 | €416,562 | +€113,326 | +37.4% |
| Amounts receivable within one year | 40/41 | €196,313 | €201,248 | +€4,935 | +2.5% |
| Trade receivables | 40 | €192,447 | €201,248 | +€8,801 | +4.6% |
| Other amounts receivable | 41 | €3,866 | - | -€3,866 | |
| Current investments | 50/53 | €604 | €85,642 | +€85,038 | +14079.1% |
| Cash at bank and in hand | 54/58 | €101,090 | €126,161 | +€25,071 | +24.8% |
| Deferred charges and accrued income | 490/1 | €5,229 | €3,511 | -€1,718 | -32.9% |
| Total equity and liabilities | 10/49 | €835,040 | €953,863 | +€118,823 | +14.2% |
| Equity | 10/15 | €675,712 | €597,693 | -€78,019 | -11.5% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €697,360 | €697,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €658,000 | €658,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,439 | -€120,558 | -€77,119 | -177.5% |
| Investment grants | 15 | €15,124 | €14,224 | -€900 | -6.0% |
| Amounts payable | 17/49 | €159,328 | €356,170 | +€196,842 | +123.5% |
| Amounts payable after more than one year | 17 | €54,807 | €181,485 | +€126,678 | +231.1% |
| Financial debts | 170/4 | €54,807 | €181,485 | +€126,678 | +231.1% |
| Amounts payable within one year | 42/48 | €94,391 | €161,176 | +€66,785 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €41,813 | €66,967 | +€25,154 | +60.2% |
| Financial debts | 43 | €2,070 | €289 | -€1,781 | -86.0% |
| Credit institutions | 430/8 | €2,070 | €289 | -€1,781 | -86.0% |
| Trade debts | 44 | €20,401 | €56,995 | +€36,594 | +179.4% |
| Suppliers | 440/4 | €20,401 | €56,995 | +€36,594 | +179.4% |
| Taxes, remuneration and social security | 45 | €30,107 | €36,925 | +€6,818 | +22.6% |
| Taxes | 450/3 | - | €504 | +€504 | |
| Remuneration and social security | 454/9 | €30,107 | €36,421 | +€6,314 | +21.0% |
| Accrued charges and deferred income | 492/3 | €10,130 | €13,509 | +€3,379 | +33.4% |
| Remuneration, social security and pensions | 62 | €269,679 | €270,068 | +€389 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,036 | €248,736 | -€6,300 | -2.5% |
| Other operating charges | 640/8 | €6,610 | €6,971 | +€361 | +5.5% |
| Gross operating margin | 9900 | €408,594 | €450,552 | +€41,958 | +10.3% |
| Operating profit (loss) | 9901 | -€122,731 | -€75,223 | +€47,508 | +38.7% |
| Financial income | 75/76B | €6,563 | €1,731 | -€4,832 | -73.6% |
| Recurring financial income | 75 | €2,894 | €1,354 | -€1,540 | -53.2% |
| Non-recurring financial income | 76B | €3,669 | €377 | -€3,292 | -89.7% |
| Financial charges | 65/66B | €2,059 | €3,618 | +€1,559 | +75.7% |
| Recurring financial charges | 65 | €2,059 | €3,618 | +€1,559 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€118,227 | -€77,110 | +€41,117 | +34.8% |
| Income taxes | 67/77 | €5,558 | €9 | -€5,549 | -99.8% |
| Profit (loss) for the period | 9904 | -€123,785 | -€77,119 | +€46,666 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,785 | -€77,119 | +€46,666 | +37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.