LEVITA: 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.
LEVITA
Largest movements
- Receivables within one year +€51,762
up €51,762 (+17.9%), from €289,263 to €341,025
of which Trade receivables: +€56,024
- Intangible fixed assets +€42,540
up €42,540 (+5.2%), from €824,948 to €867,488
- Cash -€31,974
down €31,974 (-40.0%), from €79,927 to €47,953
mainly Investment in fixed assets (net) (-€322,658) and Trade debts (-€86,798)
- Stocks and contracts +€31,572
up €31,572 (+11.4%), from €276,175 to €307,747
of which Stocks: +€49,872
- Tangible fixed assets -€25,016
down €25,016 (-26.0%), from €96,093 to €71,077
- Trade debts -€86,798
down €86,798 (-42.9%), from €202,128 to €115,329
- Short-term financial debts +€80,663
up €80,663 (+323%), from €25,000 to €105,663
- Investment grants -€78,910
down €78,910 (-18.1%), from €435,713 to €356,803
- Debts after one year +€62,892
up €62,892 (+60.1%), from €104,634 to €167,526
- Tax, wage and social debts +€48,255
up €48,255 (+100%), from €48,227 to €96,482
of which Remuneration and social security: +€47,772
- Gross operating margin +€167,481
up €167,481 (+26.2%), from €638,676 to €806,157
- Staff costs +€109,072
up €109,072 (+26.5%), from €411,624 to €520,696
- Depreciation +€63,079
up €63,079 (+26.1%), from €242,055 to €305,134
- Other operating charges +€20,790
up €20,790 (+68.4%), from €30,402 to €51,192
- Financial income -€9,503
down €9,503 (-10.7%), from €89,190 to €79,687
of which Non-recurring financial income: -€10,163
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 | €1,581,090 | €1,663,005 | +€81,915 | +5.2% |
| Fixed assets | 21/28 | €930,041 | €947,565 | +€17,523 | +1.9% |
| Intangible fixed assets | 21 | €824,948 | €867,488 | +€42,540 | +5.2% |
| Tangible fixed assets | 22/27 | €96,093 | €71,077 | -€25,016 | -26.0% |
| Plant, machinery and equipment | 23 | €19,188 | €16,930 | -€2,258 | -11.8% |
| Furniture and vehicles | 24 | €33,439 | €22,539 | -€10,900 | -32.6% |
| Other tangible fixed assets | 26 | €42,226 | €31,607 | -€10,618 | -25.1% |
| Assets under construction and advance payments | 27 | €1,240 | €0 | -€1,240 | -100% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €651,049 | €715,440 | +€64,391 | +9.9% |
| Stocks and contracts in progress | 3 | €276,175 | €307,747 | +€31,572 | +11.4% |
| Stocks | 30/36 | €239,575 | €289,447 | +€49,872 | +20.8% |
| Contracts in progress | 37 | €36,600 | €18,300 | -€18,300 | -50.0% |
| Amounts receivable within one year | 40/41 | €289,263 | €341,025 | +€51,762 | +17.9% |
| Trade receivables | 40 | €186,897 | €242,921 | +€56,024 | +30.0% |
| Other amounts receivable | 41 | €102,366 | €98,104 | -€4,262 | -4.2% |
| Cash at bank and in hand | 54/58 | €79,927 | €47,953 | -€31,974 | -40.0% |
| Deferred charges and accrued income | 490/1 | €5,684 | €18,716 | +€13,032 | +229% |
| Total equity and liabilities | 10/49 | €1,581,090 | €1,663,005 | +€81,915 | +5.2% |
| Equity | 10/15 | €965,234 | €878,229 | -€87,005 | -9.0% |
| Contributions | 10/11 | €161,979 | €161,979 | = | 0.0% |
| Capital | 10 | €161,979 | €161,979 | = | 0.0% |
| Issued capital | 100 | €161,979 | €161,979 | = | 0.0% |
| Reserves | 13 | €12,013 | €12,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,013 | €12,013 | = | 0.0% |
| Legal reserve | 130 | €12,013 | €12,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €355,529 | €347,434 | -€8,095 | -2.3% |
| Investment grants | 15 | €435,713 | €356,803 | -€78,910 | -18.1% |
| Amounts payable | 17/49 | €615,857 | €784,776 | +€168,920 | +27.4% |
| Amounts payable after more than one year | 17 | €104,634 | €167,526 | +€62,892 | +60.1% |
| Financial debts | 170/4 | €104,634 | €167,526 | +€62,892 | +60.1% |
| Amounts payable within one year | 42/48 | €455,041 | €556,198 | +€101,157 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €63,282 | €104,473 | +€41,191 | +65.1% |
| Financial debts | 43 | €25,000 | €105,663 | +€80,663 | +323% |
| Credit institutions | 430/8 | €25,000 | €105,663 | +€80,663 | +323% |
| Trade debts | 44 | €202,128 | €115,329 | -€86,798 | -42.9% |
| Suppliers | 440/4 | €202,128 | €115,329 | -€86,798 | -42.9% |
| Advances received on contracts in progress | 46 | €67,550 | €44,191 | -€23,359 | -34.6% |
| Taxes, remuneration and social security | 45 | €48,227 | €96,482 | +€48,255 | +100% |
| Taxes | 450/3 | €3,637 | €4,120 | +€483 | +13.3% |
| Remuneration and social security | 454/9 | €44,590 | €92,362 | +€47,772 | +107% |
| Other amounts payable | 47/48 | €48,854 | €90,060 | +€41,206 | +84.3% |
| Accrued charges and deferred income | 492/3 | €56,182 | €61,053 | +€4,871 | +8.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €411,624 | €520,696 | +€109,072 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,055 | €305,134 | +€63,079 | +26.1% |
| Other operating charges | 640/8 | €30,402 | €51,192 | +€20,790 | +68.4% |
| Non-recurring operating charges | 66A | - | €4,250 | +€4,250 | |
| Gross operating margin | 9900 | €638,676 | €806,157 | +€167,481 | +26.2% |
| Operating profit (loss) | 9901 | -€45,406 | -€75,115 | -€29,710 | -65.4% |
| Financial income | 75/76B | €89,190 | €79,687 | -€9,503 | -10.7% |
| Recurring financial income | 75 | €78,354 | €79,014 | +€660 | +0.8% |
| Non-recurring financial income | 76B | €10,837 | €674 | -€10,163 | -93.8% |
| Financial charges | 65/66B | €10,051 | €12,667 | +€2,616 | +26.0% |
| Recurring financial charges | 65 | €10,051 | €12,667 | +€2,616 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €33,734 | -€8,095 | -€41,829 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €33,734 | -€8,095 | -€41,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,734 | -€8,095 | -€41,829 |
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 14 October 2026 via checked.be.