LEVIATHAN ADVENTURES: 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.
LEVIATHAN ADVENTURES
Largest movements
- Deferred charges and accrued income -€165,000
down €165,000 (-100%), from €165,000 to €0
- Cash -€19,945
down €19,945 (-68.8%), from €28,973 to €9,028
mainly Other debts (-€218,276) and Investment in fixed assets (net) (-€14,496)
- Tangible fixed assets -€9,056
down €9,056 (-3.0%), from €298,490 to €289,434
of which Land and buildings: -€6,612
- Other debts -€218,276
down €218,276 (-46.2%), from €472,396 to €254,120
- Profit (loss) carried forward +€35,112
up €35,112 (+83.4%), from -€42,092 to -€6,980
- Debts after one year -€10,225
down €10,225 (-85.5%), from €11,954 to €1,729
- Gross operating margin +€10,744
up €10,744 (+20.6%), from €52,180 to €62,924
- Other operating charges -€1,718
down €1,718 (-35.5%), from €4,840 to €3,122
- Depreciation +€1,367
up €1,367 (+6.2%), from €22,185 to €23,552
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.
Derived cash bridge
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 | €492,543 | €298,542 | -€194,001 | -39.4% |
| Fixed assets | 21/28 | €298,490 | €289,434 | -€9,056 | -3.0% |
| Tangible fixed assets | 22/27 | €298,490 | €289,434 | -€9,056 | -3.0% |
| Land and buildings | 22 | €292,591 | €285,979 | -€6,612 | -2.3% |
| Plant, machinery and equipment | 23 | €2,490 | €1,700 | -€790 | -31.7% |
| Furniture and vehicles | 24 | €3,409 | €1,755 | -€1,654 | -48.5% |
| Current assets | 29/58 | €194,053 | €9,108 | -€184,945 | -95.3% |
| Amounts receivable within one year | 40/41 | €80 | €80 | = | 0.0% |
| Trade receivables | 40 | €80 | €80 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,973 | €9,028 | -€19,945 | -68.8% |
| Deferred charges and accrued income | 490/1 | €165,000 | €0 | -€165,000 | -100% |
| Total equity and liabilities | 10/49 | €492,543 | €298,542 | -€194,001 | -39.4% |
| Equity | 10/15 | -€16,339 | €18,773 | +€35,112 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,352 | €13,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,493 | €11,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,092 | -€6,980 | +€35,112 | +83.4% |
| Amounts payable | 17/49 | €508,882 | €279,769 | -€229,113 | -45.0% |
| Amounts payable after more than one year | 17 | €11,954 | €1,729 | -€10,225 | -85.5% |
| Financial debts | 170/4 | €11,954 | €1,729 | -€10,225 | -85.5% |
| Amounts payable within one year | 42/48 | €495,396 | €277,756 | -€217,639 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €14,050 | €10,225 | -€3,824 | -27.2% |
| Trade debts | 44 | €1,703 | €5,854 | +€4,151 | +244% |
| Suppliers | 440/4 | €1,703 | €5,854 | +€4,151 | +244% |
| Taxes, remuneration and social security | 45 | €7,248 | €7,557 | +€310 | +4.3% |
| Taxes | 450/3 | €7,248 | €7,557 | +€310 | +4.3% |
| Other amounts payable | 47/48 | €472,396 | €254,120 | -€218,276 | -46.2% |
| Accrued charges and deferred income | 492/3 | €1,532 | €284 | -€1,248 | -81.5% |
| Non-recurring operating income | 76A | €8,534 | €0 | -€8,534 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,185 | €23,552 | +€1,367 | +6.2% |
| Other operating charges | 640/8 | €4,840 | €3,122 | -€1,718 | -35.5% |
| Gross operating margin | 9900 | €52,180 | €62,924 | +€10,744 | +20.6% |
| Operating profit (loss) | 9901 | €25,155 | €36,249 | +€11,094 | +44.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,379 | €832 | -€547 | -39.6% |
| Recurring financial charges | 65 | €1,379 | €832 | -€547 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €23,776 | €35,417 | +€11,641 | +49.0% |
| Income taxes | 67/77 | €231 | €305 | +€74 | +31.8% |
| Profit (loss) for the period | 9904 | €23,544 | €35,112 | +€11,568 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,544 | €35,112 | +€11,568 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.