LEVEL16: 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.
LEVEL16
Largest movements
- Cash +€572,891
up €572,891 (+908.2%), from €63,077 to €635,968
mainly Net result for the year (+€1.1m) and Current portion of long-term debt (+€500,000)
- Profit (loss) carried forward +€1.1m
up €1.1m (+56.1%), from €2.0m to €3.1m
- Debts after one year -€1.0m
down €1.0m (-18.7%), from €5.6m to €4.5m
of which Financial debts: -€537,500
- Current portion of long-term debt +€500,000
up €500,000 (+93.0%), from €537,500 to €1.0m
- Financial income +€200,000
up €200,000 (+25.0%), from €800,000 to €1.0m
- Gross operating margin +€154,214
up €154,214 (+68.7%), from €224,452 to €378,665
- Financial charges -€67,723
down €67,723 (-20.3%), from €333,435 to €265,713
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 | €10,533,575 | €10,997,594 | +€464,019 | +4.4% |
| Formation expenses | 20 | €2,628 | €2,628 | = | 0.0% |
| Fixed assets | 21/28 | €10,358,970 | €10,358,970 | = | 0.0% |
| Financial fixed assets | 28 | €10,358,970 | €10,358,970 | = | 0.0% |
| Current assets | 29/58 | €171,977 | €635,996 | +€464,019 | +269.8% |
| Amounts receivable within one year | 40/41 | €108,900 | €28 | -€108,872 | -100.0% |
| Trade receivables | 40 | €108,900 | €0 | -€108,900 | -100.0% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €63,077 | €635,968 | +€572,891 | +908.2% |
| Total equity and liabilities | 10/49 | €10,533,575 | €10,997,594 | +€464,019 | +4.4% |
| Equity | 10/15 | €3,981,547 | €5,093,138 | +€1.1m | +27.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,981,547 | €3,093,138 | +€1.1m | +56.1% |
| Amounts payable | 17/49 | €6,552,028 | €5,904,456 | -€647,572 | -9.9% |
| Amounts payable after more than one year | 17 | €5,556,250 | €4,518,750 | -€1.0m | -18.7% |
| Financial debts | 170/4 | €1,881,250 | €1,343,750 | -€537,500 | -28.6% |
| Other amounts payable | 178/9 | €3,675,000 | €3,175,000 | -€500,000 | -13.6% |
| Amounts payable within one year | 42/48 | €995,778 | €1,385,706 | +€389,928 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €537,500 | €1,037,500 | +€500,000 | +93.0% |
| Trade debts | 44 | €231,614 | €153,928 | -€77,686 | -33.5% |
| Suppliers | 440/4 | €231,614 | €153,928 | -€77,686 | -33.5% |
| Taxes, remuneration and social security | 45 | €17,359 | €28,904 | +€11,544 | +66.5% |
| Taxes | 450/3 | €17,359 | €28,904 | +€11,544 | +66.5% |
| Other amounts payable | 47/48 | €209,305 | €165,375 | -€43,930 | -21.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €517 | €1,362 | +€844 | +163.2% |
| Gross operating margin | 9900 | €224,452 | €378,665 | +€154,214 | +68.7% |
| Operating profit (loss) | 9901 | €223,934 | €377,304 | +€153,369 | +68.5% |
| Financial income | 75/76B | €800,000 | €1,000,000 | +€200,000 | +25.0% |
| Recurring financial income | 75 | €800,000 | €1,000,000 | +€200,000 | +25.0% |
| Financial charges | 65/66B | €333,435 | €265,713 | -€67,723 | -20.3% |
| Recurring financial charges | 65 | €333,435 | €265,713 | -€67,723 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €690,499 | €1,111,591 | +€421,092 | +61.0% |
| Profit (loss) for the period | 9904 | €690,499 | €1,111,591 | +€421,092 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €690,499 | €1,111,591 | +€421,092 | +61.0% |
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 8 October 2026 via checked.be.