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LEVINVEST: 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.

What changed

LEVINVEST

BE 0842.483.602
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,071
2024 · -€4,931+€8,002
Equity
-€51,696
2024 · -€54,767+€3,071
Cash
€368
2024 · €266+€102
Balance sheet total
€25,464
2024 · €38,110-€12,646

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€10,250

    down €10,250 (-33.3%), from €30,750 to €20,500

  • Intangible fixed assets -€2,298

    down €2,298 (-33.3%), from €6,894 to €4,596

Equity and liabilities
  • Other debts -€15,202

    down €15,202 (-20.3%), from €74,857 to €59,655

  • Trade debts -€3,178

    down €3,178 (-28.9%), from €11,004 to €7,826

  • Profit (loss) carried forward +€3,071

    up €3,071 (+4.2%), from -€73,367 to -€70,296

  • Tax, wage and social debts +€2,899

    new in 2025: €2,899

Income statement
  • Turnover +€8,710

    up €8,710 (+45.7%), from €19,077 to €27,787

  • Gross operating margin +€6,790

    up €6,790 (+71.3%), from €9,524 to €16,314

  • Purchases and services +€2,190

    up €2,190 (+22.9%), from €9,553 to €11,743

  • Other operating charges -€1,183

    down €1,183 (-66.9%), from €1,768 to €585

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€4,931
Gross operating margin +€6,790
Other operating charges +€1,183
Financial charges +€29
Result 2025 €3,071
raises the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€102
Investment €0
Financing €0
Cash 2024 €266
Net result for the year +€3,071
Depreciation +€12,548
Receivables within one year +€200
Trade debts -€3,178
Tax, wage and social debts +€2,899
Other debts -€15,202
Accrued charges and deferred income -€236
Cash 2025 €368
brings cash intakes cash out
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €38,110 €25,464 -€12,646 -33.2%
Fixed assets 21/28 €37,644 €25,096 -€12,548 -33.3%
Intangible fixed assets 21 €6,894 €4,596 -€2,298 -33.3%
Tangible fixed assets 22/27 €30,750 €20,500 -€10,250 -33.3%
Furniture and vehicles 24 €30,750 €20,500 -€10,250 -33.3%
Current assets 29/58 €466 €368 -€98 -21.0%
Amounts receivable within one year 40/41 €200 - -€200
Trade receivables 40 €200 - -€200
Cash at bank and in hand 54/58 €266 €368 +€102 +38.3%
Total equity and liabilities 10/49 €38,110 €25,464 -€12,646 -33.2%
Equity 10/15 -€54,767 -€51,696 +€3,071 +5.6%
Contributions 10/11 €18,600 €18,600 = 0.0%
Capital 10 €18,600 €18,600 = 0.0%
Issued capital 100 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 -€73,367 -€70,296 +€3,071 +4.2%
Amounts payable 17/49 €92,877 €77,160 -€15,717 -16.9%
Amounts payable within one year 42/48 €85,861 €70,380 -€15,481 -18.0%
Trade debts 44 €11,004 €7,826 -€3,178 -28.9%
Suppliers 440/4 €11,004 €7,826 -€3,178 -28.9%
Taxes, remuneration and social security 45 - €2,899 +€2,899
Taxes 450/3 - €2,899 +€2,899
Other amounts payable 47/48 €74,857 €59,655 -€15,202 -20.3%
Accrued charges and deferred income 492/3 €7,016 €6,780 -€236 -3.4%
Turnover 70 €19,077 €27,787 +€8,710 +45.7%
Goods, raw materials, services and sundry goods 60/61 €9,553 €11,743 +€2,190 +22.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €12,548 €12,548 = 0.0%
Other operating charges 640/8 €1,768 €585 -€1,183 -66.9%
Gross operating margin 9900 €9,524 €16,314 +€6,790 +71.3%
Operating profit (loss) 9901 -€4,792 €3,181 +€7,973
Financial charges 65/66B €139 €110 -€29 -20.9%
Recurring financial charges 65 €139 €110 -€29 -20.9%
Profit (loss) for the period before taxes 9903 -€4,931 €3,071 +€8,002
Profit (loss) for the period 9904 -€4,931 €3,071 +€8,002
Profit (loss) for the period to be appropriated 9905 -€4,931 €3,071 +€8,002

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.