Level Up Gent: 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 Up Gent
Largest movements
- Tangible fixed assets +€90,206
up €90,206 (+131%), from €68,879 to €159,084
of which Other tangible fixed assets: +€116,000
- Cash +€3,515
up €3,515 (+7.7%), from €45,803 to €49,318
mainly Debts after one year (+€93,142) and Depreciation (+€30,289)
- Debts after one year +€93,142
up €93,142 (+230%), from €40,454 to €133,596
- Current portion of long-term debt +€21,993
up €21,993 (+153%), from €14,369 to €36,362
- Trade debts -€14,967
down €14,967 (-38.2%), from €39,178 to €24,211
- Reserves -€5,934
down €5,934 (-10.0%), from €59,114 to €53,180
of which Distributable reserves: -€5,934
- Gross operating margin +€37,911
up €37,911 (+32.3%), from €117,428 to €155,339
- Other operating charges +€18,543
up €18,543 (+64.4%), from €28,773 to €47,316
- Depreciation +€11,534
up €11,534 (+61.5%), from €18,755 to €30,289
- Financial charges +€9,483
up €9,483 (+315%), from €3,006 to €12,490
- Taxes +€5,636
new in 2024: €5,636
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,509 | €280,742 | +€94,233 | +50.5% |
| Fixed assets | 21/28 | €102,229 | €192,434 | +€90,206 | +88.2% |
| Tangible fixed assets | 22/27 | €68,879 | €159,084 | +€90,206 | +131% |
| Land and buildings | 22 | €8,451 | €8,032 | -€419 | -5.0% |
| Plant, machinery and equipment | 23 | €48,193 | €26,959 | -€21,233 | -44.1% |
| Furniture and vehicles | 24 | €12,235 | €8,093 | -€4,142 | -33.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €116,000 | +€116,000 | |
| Financial fixed assets | 28 | €33,350 | €33,350 | = | 0.0% |
| Current assets | 29/58 | €84,280 | €88,308 | +€4,027 | +4.8% |
| Stocks and contracts in progress | 3 | €7 | €7 | = | 0.0% |
| Stocks | 30/36 | €7 | €7 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,470 | €19,983 | +€512 | +2.6% |
| Trade receivables | 40 | €3,384 | €6,265 | +€2,881 | +85.1% |
| Other amounts receivable | 41 | €16,086 | €13,717 | -€2,369 | -14.7% |
| Current investments | 50/53 | €19,000 | €19,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,803 | €49,318 | +€3,515 | +7.7% |
| Total equity and liabilities | 10/49 | €186,509 | €280,742 | +€94,233 | +50.5% |
| Equity | 10/15 | €92,508 | €86,573 | -€5,934 | -6.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €59,114 | €53,180 | -€5,934 | -10.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Own shares acquired | 1312 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €41,614 | €35,680 | -€5,934 | -14.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €3,393 | €3,393 | = | 0.0% |
| Amounts payable | 17/49 | €94,001 | €194,169 | +€100,168 | +107% |
| Amounts payable after more than one year | 17 | €40,454 | €133,596 | +€93,142 | +230% |
| Financial debts | 170/4 | €40,454 | €133,596 | +€93,142 | +230% |
| Amounts payable within one year | 42/48 | €53,547 | €60,573 | +€7,026 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €14,369 | €36,362 | +€21,993 | +153% |
| Trade debts | 44 | €39,178 | €24,211 | -€14,967 | -38.2% |
| Suppliers | 440/4 | €39,178 | €24,211 | -€14,967 | -38.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €64,459 | €65,543 | +€1,084 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,755 | €30,289 | +€11,534 | +61.5% |
| Other operating charges | 640/8 | €28,773 | €47,316 | +€18,543 | +64.4% |
| Gross operating margin | 9900 | €117,428 | €155,339 | +€37,911 | +32.3% |
| Operating profit (loss) | 9901 | €5,441 | €12,191 | +€6,751 | +124% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,006 | €12,490 | +€9,483 | +315% |
| Recurring financial charges | 65 | €3,006 | €12,490 | +€9,483 | +315% |
| Profit (loss) for the period before taxes | 9903 | €2,434 | -€299 | -€2,733 | |
| Income taxes | 67/77 | - | €5,636 | +€5,636 | |
| Profit (loss) for the period | 9904 | €2,434 | -€5,934 | -€8,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,434 | -€5,934 | -€8,369 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.