LEVIMAT: 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.
LEVIMAT
Largest movements
- Current investments +€1.4m
new in 2024: €1.4m
- Tangible fixed assets +€1.1m
up €1.1m (+158.5%), from €664,768 to €1.7m
of which Land and buildings: +€997,993
- Financial fixed assets +€471,900
up €471,900 (+2621.7%), from €18,000 to €489,900
- Receivables within one year +€352,421
up €352,421 (+705.6%), from €49,944 to €402,365
of which Other amounts receivable: +€369,852
- Cash -€173,697
down €173,697 (-64.9%), from €267,597 to €93,900
mainly Investment in fixed assets (net) (-€1.7m) and Current investments (-€1.4m)
- Profit (loss) carried forward +€1.9m
up €1.9m (+437.7%), from €436,932 to €2.3m
- Debts after one year +€784,837
up €784,837 (+164.8%), from €476,255 to €1.3m
- Other debts +€426,712
new in 2024: €426,712
- Accrued charges and deferred income +€110,675
new in 2024: €110,675
- Trade debts -€88,852
down €88,852 (-93.6%), from €94,961 to €6,109
- Financial income +€2.4m
up €2.4m (+1921.3%), from €126,150 to €2.5m
of which Non-recurring financial income: +€2.4m
- Gross operating margin -€126,398
down €126,398, from €86,391 to -€40,007
- Depreciation +€114,774
up €114,774 (+927.6%), from €12,374 to €127,148
- Other operating charges -€24,021
down €24,021 (-88.7%), from €27,067 to €3,045
- Financial charges +€22,982
up €22,982 (+130.2%), from €17,647 to €40,629
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,819 | €4,221,601 | +€3.1m | +276.3% |
| Fixed assets | 21/28 | €682,768 | €2,208,347 | +€1.5m | +223.4% |
| Tangible fixed assets | 22/27 | €664,768 | €1,718,447 | +€1.1m | +158.5% |
| Land and buildings | 22 | €661,843 | €1,659,836 | +€997,993 | +150.8% |
| Plant, machinery and equipment | 23 | €2,925 | €1,620 | -€1,305 | -44.6% |
| Furniture and vehicles | 24 | - | €56,992 | +€56,992 | |
| Financial fixed assets | 28 | €18,000 | €489,900 | +€471,900 | +2621.7% |
| Current assets | 29/58 | €439,051 | €2,013,254 | +€1.6m | +358.5% |
| Amounts receivable after more than one year | 29 | €96,000 | €81,650 | -€14,350 | -14.9% |
| Other amounts receivable | 291 | €96,000 | €81,650 | -€14,350 | -14.9% |
| Amounts receivable within one year | 40/41 | €49,944 | €402,365 | +€352,421 | +705.6% |
| Trade receivables | 40 | €39,127 | €21,696 | -€17,431 | -44.6% |
| Other amounts receivable | 41 | €10,817 | €380,669 | +€369,852 | +3419.0% |
| Current investments | 50/53 | - | €1,433,424 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €267,597 | €93,900 | -€173,697 | -64.9% |
| Deferred charges and accrued income | 490/1 | €25,510 | €1,916 | -€23,594 | -92.5% |
| Total equity and liabilities | 10/49 | €1,121,819 | €4,221,601 | +€3.1m | +276.3% |
| Equity | 10/15 | €443,817 | €2,356,418 | +€1.9m | +430.9% |
| Contributions | 10/11 | €6,652 | €6,652 | = | 0.0% |
| Reserves | 13 | €233 | €233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €233 | - | -€233 | |
| Reserves not available under the articles | 1311 | €233 | - | -€233 | |
| Distributable reserves | 133 | - | €233 | +€233 | |
| Profit (loss) carried forward | 14 | €436,932 | €2,349,533 | +€1.9m | +437.7% |
| Amounts payable | 17/49 | €678,002 | €1,865,184 | +€1.2m | +175.1% |
| Amounts payable after more than one year | 17 | €476,255 | €1,261,092 | +€784,837 | +164.8% |
| Financial debts | 170/4 | €476,255 | €1,261,092 | +€784,837 | +164.8% |
| Amounts payable within one year | 42/48 | €201,748 | €493,417 | +€291,669 | +144.6% |
| Current portion of amounts payable after more than one year | 42 | €17,794 | €48,848 | +€31,054 | +174.5% |
| Financial debts | 43 | €3,737 | €3,774 | +€38 | +1.0% |
| Other loans | 439 | €3,737 | €3,774 | +€38 | +1.0% |
| Trade debts | 44 | €94,961 | €6,109 | -€88,852 | -93.6% |
| Suppliers | 440/4 | €94,961 | €6,109 | -€88,852 | -93.6% |
| Taxes, remuneration and social security | 45 | €85,256 | €7,973 | -€77,283 | -90.6% |
| Taxes | 450/3 | €85,256 | €7,973 | -€77,283 | -90.6% |
| Other amounts payable | 47/48 | - | €426,712 | +€426,712 | |
| Accrued charges and deferred income | 492/3 | - | €110,675 | +€110,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,374 | €127,148 | +€114,774 | +927.6% |
| Other operating charges | 640/8 | €27,067 | €3,045 | -€24,021 | -88.7% |
| Gross operating margin | 9900 | €86,391 | -€40,007 | -€126,398 | |
| Operating profit (loss) | 9901 | €46,951 | -€170,200 | -€217,151 | |
| Financial income | 75/76B | €126,150 | €2,549,864 | +€2.4m | +1921.3% |
| Recurring financial income | 75 | €2,650 | €34,531 | +€31,881 | +1203.0% |
| Non-recurring financial income | 76B | €123,500 | €2,515,333 | +€2.4m | +1936.7% |
| Financial charges | 65/66B | €17,647 | €40,629 | +€22,982 | +130.2% |
| Recurring financial charges | 65 | €17,647 | €40,629 | +€22,982 | +130.2% |
| Profit (loss) for the period before taxes | 9903 | €155,453 | €2,339,035 | +€2.2m | +1404.7% |
| Income taxes | 67/77 | €10,833 | €434 | -€10,399 | -96.0% |
| Profit (loss) for the period | 9904 | €144,620 | €2,338,601 | +€2.2m | +1517.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,620 | €2,338,601 | +€2.2m | +1517.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.