LEVICO: 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.
LEVICO
Largest movements
- Current investments -€377,809
down €377,809 (-20.5%), from €1.8m to €1.5m
- Cash -€247,258
down €247,258 (-63.9%), from €386,798 to €139,540
mainly Other debts (-€470,722) and Contributions, distributions and other (-€229,182)
- Other debts -€470,722
down €470,722 (-73.2%), from €643,472 to €172,750
- Reserves -€106,629
down €106,629 (-2.1%), from €5.2m to €5.1m
of which Distributable reserves: -€106,629
- Financial income -€3.9m
down €3.9m (-97.8%), from €4.0m to €88,504
of which Non-recurring financial income: -€3.9m
- Taxes -€341,206
down €341,206 (-83.8%), from €407,163 to €65,957
- Depreciation -€52,980
down €52,980 (-37.2%), from €142,385 to €89,405
- Financial charges +€44,393
up €44,393, from -€806 to €43,587
- Staff costs +€4,989
new in 2025: €4,989
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 | €6,627,077 | €6,012,549 | -€614,527 | -9.3% |
| Fixed assets | 21/28 | €4,327,260 | €4,313,777 | -€13,482 | -0.3% |
| Tangible fixed assets | 22/27 | €1,276,362 | €1,262,879 | -€13,482 | -1.1% |
| Land and buildings | 22 | €1,119,647 | €1,106,884 | -€12,763 | -1.1% |
| Plant, machinery and equipment | 23 | €38,833 | €33,845 | -€4,988 | -12.8% |
| Furniture and vehicles | 24 | €84,937 | €81,051 | -€3,886 | -4.6% |
| Other tangible fixed assets | 26 | €32,945 | €41,100 | +€8,155 | +24.8% |
| Financial fixed assets | 28 | €3,050,898 | €3,050,898 | = | 0.0% |
| Current assets | 29/58 | €2,299,817 | €1,698,772 | -€601,045 | -26.1% |
| Amounts receivable within one year | 40/41 | €70,120 | €39,329 | -€30,791 | -43.9% |
| Trade receivables | 40 | €27,375 | €27,981 | +€606 | +2.2% |
| Other amounts receivable | 41 | €42,745 | €11,348 | -€31,397 | -73.5% |
| Current investments | 50/53 | €1,840,495 | €1,462,686 | -€377,809 | -20.5% |
| Cash at bank and in hand | 54/58 | €386,798 | €139,540 | -€247,258 | -63.9% |
| Deferred charges and accrued income | 490/1 | €2,403 | €57,217 | +€54,813 | +2280.6% |
| Total equity and liabilities | 10/49 | €6,627,077 | €6,012,549 | -€614,527 | -9.3% |
| Equity | 10/15 | €5,203,258 | €5,096,628 | -€106,629 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,197,058 | €5,090,428 | -€106,629 | -2.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,197,058 | €5,090,428 | -€106,629 | -2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,423,819 | €915,921 | -€507,898 | -35.7% |
| Amounts payable after more than one year | 17 | €294,765 | €246,955 | -€47,810 | -16.2% |
| Financial debts | 170/4 | €294,765 | €246,955 | -€47,810 | -16.2% |
| Amounts payable within one year | 42/48 | €1,106,221 | €621,455 | -€484,766 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €66,095 | €47,809 | -€18,286 | -27.7% |
| Trade debts | 44 | €9,791 | €17,750 | +€7,959 | +81.3% |
| Suppliers | 440/4 | €9,791 | €17,750 | +€7,959 | +81.3% |
| Taxes, remuneration and social security | 45 | €386,862 | €383,145 | -€3,717 | -1.0% |
| Taxes | 450/3 | €386,862 | €383,145 | -€3,717 | -1.0% |
| Other amounts payable | 47/48 | €643,472 | €172,750 | -€470,722 | -73.2% |
| Accrued charges and deferred income | 492/3 | €22,833 | €47,511 | +€24,678 | +108.1% |
| Non-recurring operating income | 76A | - | €419 | +€419 | |
| Remuneration, social security and pensions | 62 | - | €4,989 | +€4,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,385 | €89,405 | -€52,980 | -37.2% |
| Other operating charges | 640/8 | €5,272 | €6,038 | +€767 | +14.5% |
| Gross operating margin | 9900 | €243,215 | €244,025 | +€810 | +0.3% |
| Operating profit (loss) | 9901 | €95,558 | €143,593 | +€48,035 | +50.3% |
| Financial income | 75/76B | €3,970,768 | €88,504 | -€3.9m | -97.8% |
| Recurring financial income | 75 | €100,919 | €88,504 | -€12,415 | -12.3% |
| Non-recurring financial income | 76B | €3,869,849 | €0 | -€3.9m | -100.0% |
| Financial charges | 65/66B | -€806 | €43,587 | +€44,393 | |
| Recurring financial charges | 65 | -€806 | €43,587 | +€44,393 | |
| Profit (loss) for the period before taxes | 9903 | €4,067,132 | €188,510 | -€3.9m | -95.4% |
| Income taxes | 67/77 | €407,163 | €65,957 | -€341,206 | -83.8% |
| Profit (loss) for the period | 9904 | €3,659,969 | €122,553 | -€3.5m | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,659,969 | €122,553 | -€3.5m | -96.7% |
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.