Level Up Projects: 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 Up Projects
Largest movements
- Stocks and contracts +€149,600
new in 2025: €149,600
- Receivables within one year -€108,726
down €108,726 (-41.2%), from €263,804 to €155,078
of which Other amounts receivable: -€54,819
- Cash +€76,268
up €76,268 (+218.5%), from €34,900 to €111,168
mainly Debts after one year (+€177,897) and Receivables within one year (+€108,726)
- Tangible fixed assets -€16,706
down €16,706 (-21.1%), from €79,120 to €62,414
of which Leasing and similar rights: -€19,561
- Trade debts -€182,501
down €182,501 (-99.4%), from €183,660 to €1,159
- Debts after one year +€177,897
up €177,897 (+501.0%), from €35,509 to €213,405
- Profit (loss) carried forward +€55,097
up €55,097 (+71.9%), from €76,612 to €131,709
- Tax, wage and social debts +€43,377
up €43,377 (+151.9%), from €28,557 to €71,934
- Accrued charges and deferred income +€10,857
new in 2025: €10,857
- Turnover -€179,029
down €179,029 (-14.7%), from €1.2m to €1.0m
- Purchases and services -€139,296
down €139,296 (-12.6%), from €1.1m to €970,322
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 | €383,906 | €484,321 | +€100,415 | +26.2% |
| Fixed assets | 21/28 | €82,120 | €65,414 | -€16,706 | -20.3% |
| Tangible fixed assets | 22/27 | €79,120 | €62,414 | -€16,706 | -21.1% |
| Plant, machinery and equipment | 23 | €2,463 | €2,369 | -€94 | -3.8% |
| Furniture and vehicles | 24 | - | €2,949 | +€2,949 | |
| Leasing and similar rights | 25 | €76,657 | €57,095 | -€19,561 | -25.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €301,787 | €418,908 | +€117,121 | +38.8% |
| Stocks and contracts in progress | 3 | - | €149,600 | +€149,600 | |
| Stocks | 30/36 | - | €149,600 | +€149,600 | |
| Amounts receivable within one year | 40/41 | €263,804 | €155,078 | -€108,726 | -41.2% |
| Trade receivables | 40 | €208,649 | €154,742 | -€53,908 | -25.8% |
| Other amounts receivable | 41 | €55,155 | €336 | -€54,819 | -99.4% |
| Cash at bank and in hand | 54/58 | €34,900 | €111,168 | +€76,268 | +218.5% |
| Deferred charges and accrued income | 490/1 | €3,083 | €3,062 | -€21 | -0.7% |
| Total equity and liabilities | 10/49 | €383,906 | €484,321 | +€100,415 | +26.2% |
| Equity | 10/15 | €79,612 | €134,709 | +€55,097 | +69.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,612 | €131,709 | +€55,097 | +71.9% |
| Amounts payable | 17/49 | €304,294 | €349,613 | +€45,318 | +14.9% |
| Amounts payable after more than one year | 17 | €35,509 | €213,405 | +€177,897 | +501.0% |
| Financial debts | 170/4 | €35,509 | €213,405 | +€177,897 | +501.0% |
| Amounts payable within one year | 42/48 | €268,786 | €125,350 | -€143,435 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €26,050 | €23,729 | -€2,321 | -8.9% |
| Trade debts | 44 | €183,660 | €1,159 | -€182,501 | -99.4% |
| Suppliers | 440/4 | €183,660 | €1,159 | -€182,501 | -99.4% |
| Taxes, remuneration and social security | 45 | €28,557 | €71,934 | +€43,377 | +151.9% |
| Taxes | 450/3 | €28,557 | €71,934 | +€43,377 | +151.9% |
| Other amounts payable | 47/48 | €30,519 | €28,529 | -€1,991 | -6.5% |
| Accrued charges and deferred income | 492/3 | - | €10,857 | +€10,857 | |
| Turnover | 70 | €1,221,217 | €1,042,188 | -€179,029 | -14.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,109,619 | €970,322 | -€139,296 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,177 | €21,579 | +€2,402 | +12.5% |
| Other operating charges | 640/8 | €471 | €602 | +€131 | +27.8% |
| Non-recurring operating charges | 66A | €219 | €3,542 | +€3,323 | +1517.3% |
| Gross operating margin | 9900 | €111,598 | €108,359 | -€3,239 | -2.9% |
| Operating profit (loss) | 9901 | €91,731 | €82,636 | -€9,095 | -9.9% |
| Financial income | 75/76B | €2,878 | €91 | -€2,786 | -96.8% |
| Recurring financial income | 75 | €2,878 | €91 | -€2,786 | -96.8% |
| Financial charges | 65/66B | €78 | €2,672 | +€2,594 | +3321.0% |
| Recurring financial charges | 65 | €78 | €2,672 | +€2,594 | +3321.0% |
| Profit (loss) for the period before taxes | 9903 | €94,530 | €80,054 | -€14,476 | -15.3% |
| Income taxes | 67/77 | €25,854 | €24,958 | -€896 | -3.5% |
| Profit (loss) for the period | 9904 | €68,677 | €55,097 | -€13,580 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,677 | €55,097 | -€13,580 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.