LEVERITGE: 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.
LEVERITGE
Largest movements
- Receivables within one year +€567,453
up €567,453 (+134.1%), from €423,259 to €990,712
of which Trade receivables: +€464,941
- Current investments -€248,712
down €248,712 (-23.1%), from €1.1m to €829,266
- Cash +€219,878
up €219,878 (+218.6%), from €100,570 to €320,448
mainly Net result for the year (+€812,518) and Current investments (+€248,712)
- Financial fixed assets +€190,920
up €190,920 (+318200.0%), from €60 to €190,980
- Reserves +€735,381
up €735,381 (+36.0%), from €2.0m to €2.8m
of which Distributable reserves: +€735,381
- Trade debts -€129,299
down €129,299 (-92.7%), from €139,549 to €10,250
- Profit (loss) carried forward +€97,653
new in 2025: €97,653
- Gross operating margin +€436,460
up €436,460 (+52.9%), from €825,200 to €1.3m
- Taxes +€93,907
up €93,907 (+36.2%), from €259,144 to €353,051
- Depreciation +€40,194
up €40,194 (+66.5%), from €60,429 to €100,623
- Other operating charges -€33,822
down €33,822 (-89.5%), from €37,789 to €3,967
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 | €2,513,631 | €3,231,876 | +€718,245 | +28.6% |
| Fixed assets | 21/28 | €869,177 | €1,048,803 | +€179,626 | +20.7% |
| Tangible fixed assets | 22/27 | €869,117 | €857,823 | -€11,294 | -1.3% |
| Land and buildings | 22 | €170,317 | €199,015 | +€28,698 | +16.8% |
| Plant, machinery and equipment | 23 | €1,080 | €42,506 | +€41,426 | +3835.1% |
| Furniture and vehicles | 24 | €152,707 | €111,291 | -€41,415 | -27.1% |
| Other tangible fixed assets | 26 | €545,013 | €505,011 | -€40,002 | -7.3% |
| Financial fixed assets | 28 | €60 | €190,980 | +€190,920 | +318200.0% |
| Current assets | 29/58 | €1,644,454 | €2,183,073 | +€538,619 | +32.8% |
| Amounts receivable within one year | 40/41 | €423,259 | €990,712 | +€567,453 | +134.1% |
| Trade receivables | 40 | €410,068 | €875,009 | +€464,941 | +113.4% |
| Other amounts receivable | 41 | €13,191 | €115,703 | +€102,512 | +777.1% |
| Current investments | 50/53 | €1,077,978 | €829,266 | -€248,712 | -23.1% |
| Cash at bank and in hand | 54/58 | €100,570 | €320,448 | +€219,878 | +218.6% |
| Deferred charges and accrued income | 490/1 | €42,646 | €42,646 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,513,631 | €3,231,876 | +€718,245 | +28.6% |
| Equity | 10/15 | €2,048,545 | €2,881,578 | +€833,034 | +40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,042,345 | €2,777,726 | +€735,381 | +36.0% |
| Non-distributable reserves | 130/1 | €12,440 | €12,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,440 | €12,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €263,319 | €263,319 | = | 0.0% |
| Distributable reserves | 133 | €1,766,586 | €2,501,967 | +€735,381 | +41.6% |
| Profit (loss) carried forward | 14 | - | €97,653 | +€97,653 | |
| Amounts payable | 17/49 | €465,087 | €350,298 | -€114,789 | -24.7% |
| Amounts payable after more than one year | 17 | €56,101 | €34,489 | -€21,612 | -38.5% |
| Financial debts | 170/4 | €56,101 | €34,489 | -€21,612 | -38.5% |
| Amounts payable within one year | 42/48 | €408,985 | €315,515 | -€93,470 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €21,481 | €21,612 | +€131 | +0.6% |
| Trade debts | 44 | €139,549 | €10,250 | -€129,299 | -92.7% |
| Suppliers | 440/4 | €139,549 | €10,250 | -€129,299 | -92.7% |
| Taxes, remuneration and social security | 45 | €67,353 | €95,721 | +€28,367 | +42.1% |
| Taxes | 450/3 | €67,353 | €95,721 | +€28,367 | +42.1% |
| Other amounts payable | 47/48 | €180,602 | €187,932 | +€7,331 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €294 | +€294 | |
| Remuneration, social security and pensions | 62 | €627 | €354 | -€273 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,429 | €100,623 | +€40,194 | +66.5% |
| Other operating charges | 640/8 | €37,789 | €3,967 | -€33,822 | -89.5% |
| Non-recurring operating charges | 66A | €3,773 | - | -€3,773 | |
| Gross operating margin | 9900 | €825,200 | €1,261,660 | +€436,460 | +52.9% |
| Operating profit (loss) | 9901 | €722,582 | €1,156,717 | +€434,135 | +60.1% |
| Financial income | 75/76B | €20,300 | €21,832 | +€1,532 | +7.5% |
| Recurring financial income | 75 | €20,300 | €21,832 | +€1,532 | +7.5% |
| Financial charges | 65/66B | €15,810 | €12,981 | -€2,829 | -17.9% |
| Recurring financial charges | 65 | €15,810 | €12,981 | -€2,829 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €727,072 | €1,165,568 | +€438,496 | +60.3% |
| Income taxes | 67/77 | €259,144 | €353,051 | +€93,907 | +36.2% |
| Profit (loss) for the period | 9904 | €467,928 | €812,518 | +€344,589 | +73.6% |
| Transfer from tax-exempt reserves | 789 | €178,000 | - | -€178,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €645,928 | €812,518 | +€166,589 | +25.8% |
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 5 October 2026 via checked.be.