LEVIN BOEN: 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.
LEVIN BOEN
Largest movements
- Receivables within one year +€61,930
up €61,930 (+18.5%), from €333,981 to €395,910
of which Other amounts receivable: +€62,262
- Cash +€56,952
up €56,952 (+73.9%), from €77,049 to €134,001
mainly Other debts (+€161,829) and Net result for the year (+€108,947)
- Tangible fixed assets -€20,103
down €20,103 (-8.8%), from €228,079 to €207,976
of which Land and buildings: -€17,600
- Other debts +€161,829
up €161,829, from €0 to €161,829
- Reserves -€52,882
down €52,882 (-16.8%), from €315,697 to €262,815
of which Distributable reserves: -€52,882
- Tax, wage and social debts +€26,837
up €26,837 (+42.5%), from €63,187 to €90,024
of which Taxes: +€28,640
- Trade debts -€24,502
down €24,502 (-47.0%), from €52,090 to €27,588
- Debts after one year -€8,310
down €8,310 (-8.0%), from €104,167 to €95,857
- Gross operating margin +€35,978
up €35,978 (+20.7%), from €174,090 to €210,069
- Taxes +€12,681
up €12,681 (+34.6%), from €36,682 to €49,363
- Staff costs -€8,167
down €8,167 (-21.2%), from €38,598 to €30,431
- Financial charges +€6,484
up €6,484 (+65.4%), from €9,920 to €16,404
- Financial income +€5,362
up €5,362 (+33.1%), from €16,209 to €21,570
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.
Derived cash bridge
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 | €645,635 | €744,025 | +€98,390 | +15.2% |
| Fixed assets | 21/28 | €228,079 | €207,976 | -€20,103 | -8.8% |
| Tangible fixed assets | 22/27 | €228,079 | €207,976 | -€20,103 | -8.8% |
| Land and buildings | 22 | €211,200 | €193,600 | -€17,600 | -8.3% |
| Plant, machinery and equipment | 23 | €8,245 | €7,091 | -€1,154 | -14.0% |
| Other tangible fixed assets | 26 | €8,634 | €7,285 | -€1,350 | -15.6% |
| Current assets | 29/58 | €417,556 | €536,048 | +€118,493 | +28.4% |
| Stocks and contracts in progress | 3 | €3,313 | €3,681 | +€369 | +11.1% |
| Stocks | 30/36 | €3,313 | €3,681 | +€369 | +11.1% |
| Amounts receivable within one year | 40/41 | €333,981 | €395,910 | +€61,930 | +18.5% |
| Trade receivables | 40 | €332 | €0 | -€332 | -100% |
| Other amounts receivable | 41 | €333,649 | €395,910 | +€62,262 | +18.7% |
| Cash at bank and in hand | 54/58 | €77,049 | €134,001 | +€56,952 | +73.9% |
| Deferred charges and accrued income | 490/1 | €3,214 | €2,456 | -€757 | -23.6% |
| Total equity and liabilities | 10/49 | €645,635 | €744,025 | +€98,390 | +15.2% |
| Equity | 10/15 | €396,157 | €343,274 | -€52,882 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,697 | €262,815 | -€52,882 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €313,837 | €260,955 | -€52,882 | -16.9% |
| Profit (loss) carried forward | 14 | €61,859 | €61,859 | = | 0.0% |
| Amounts payable | 17/49 | €249,478 | €400,750 | +€151,272 | +60.6% |
| Amounts payable after more than one year | 17 | €104,167 | €95,857 | -€8,310 | -8.0% |
| Financial debts | 170/4 | €104,167 | €95,857 | -€8,310 | -8.0% |
| Amounts payable within one year | 42/48 | €143,923 | €304,893 | +€160,970 | +112% |
| Current portion of amounts payable after more than one year | 42 | €28,646 | €25,452 | -€3,194 | -11.1% |
| Trade debts | 44 | €52,090 | €27,588 | -€24,502 | -47.0% |
| Suppliers | 440/4 | €52,090 | €27,588 | -€24,502 | -47.0% |
| Taxes, remuneration and social security | 45 | €63,187 | €90,024 | +€26,837 | +42.5% |
| Taxes | 450/3 | €58,268 | €86,908 | +€28,640 | +49.2% |
| Remuneration and social security | 454/9 | €4,919 | €3,116 | -€1,803 | -36.7% |
| Other amounts payable | 47/48 | €0 | €161,829 | +€161,829 | |
| Accrued charges and deferred income | 492/3 | €1,389 | €0 | -€1,389 | -100% |
| Remuneration, social security and pensions | 62 | €38,598 | €30,431 | -€8,167 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,922 | €21,859 | -€64 | -0.3% |
| Other operating charges | 640/8 | €4,994 | €4,636 | -€358 | -7.2% |
| Gross operating margin | 9900 | €174,090 | €210,069 | +€35,978 | +20.7% |
| Operating profit (loss) | 9901 | €108,576 | €153,143 | +€44,567 | +41.0% |
| Financial income | 75/76B | €16,209 | €21,570 | +€5,362 | +33.1% |
| Recurring financial income | 75 | €16,209 | €21,570 | +€5,362 | +33.1% |
| Financial charges | 65/66B | €9,920 | €16,404 | +€6,484 | +65.4% |
| Recurring financial charges | 65 | €9,920 | €16,404 | +€6,484 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €114,865 | €158,309 | +€43,445 | +37.8% |
| Income taxes | 67/77 | €36,682 | €49,363 | +€12,681 | +34.6% |
| Profit (loss) for the period | 9904 | €78,183 | €108,947 | +€30,764 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,183 | €108,947 | +€30,764 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.