LEVL: 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.
LEVL
Largest movements
- Cash +€709,090
up €709,090 (+713%), from €99,455 to €808,546
mainly Accrued charges and deferred income (+€719,938) and Depreciation (+€21,658)
- Intangible fixed assets -€18,052
no longer reported in 2025 (was €18,052)
- Accrued charges and deferred income +€719,938
up €719,938 (+38,138%), from €1,888 to €721,825
- Debts within one year -€39,510
down €39,510 (-22.5%), from €175,840 to €136,330
of which Tax, wage and social debts: -€47,875
- Profit (loss) carried forward +€20,886
up €20,886 (+158%), from €13,201 to €34,087
- Staff costs -€196,038
down €196,038 (-19.6%), from €998,100 to €802,062
- Gross operating margin -€174,627
down €174,627 (-17.1%), from €1.0m to €846,284
- Depreciation -€13,995
down €13,995 (-39.3%), from €35,653 to €21,658
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 | €398,508 | €1,099,822 | +€701,314 | +176% |
| Fixed assets | 21/28 | €38,213 | €19,067 | -€19,146 | -50.1% |
| Intangible fixed assets | 21 | €18,052 | - | -€18,052 | |
| Tangible fixed assets | 22/27 | €10,178 | €9,084 | -€1,094 | -10.7% |
| Plant, machinery and equipment | 23 | €878 | €2,114 | +€1,236 | +141% |
| Other tangible fixed assets | 26 | €9,300 | €6,971 | -€2,329 | -25.0% |
| Financial fixed assets | 28 | €9,983 | €9,983 | = | 0.0% |
| Current assets | 29/58 | €360,295 | €1,080,755 | +€720,460 | +200% |
| Amounts receivable within one year | 40/41 | €256,905 | €267,883 | +€10,978 | +4.3% |
| Trade receivables | 40 | €572 | €3,503 | +€2,932 | +513% |
| Other amounts receivable | 41 | €256,333 | €264,380 | +€8,047 | +3.1% |
| Cash at bank and in hand | 54/58 | €99,455 | €808,546 | +€709,090 | +713% |
| Deferred charges and accrued income | 490/1 | €3,935 | €4,327 | +€392 | +10.0% |
| Total equity and liabilities | 10/49 | €398,508 | €1,099,822 | +€701,314 | +176% |
| Equity | 10/15 | €220,780 | €241,666 | +€20,886 | +9.5% |
| Reserves | 13 | €207,579 | €207,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,201 | €34,087 | +€20,886 | +158% |
| Amounts payable | 17/49 | €177,728 | €858,156 | +€680,428 | +383% |
| Amounts payable within one year | 42/48 | €175,840 | €136,330 | -€39,510 | -22.5% |
| Financial debts | 43 | €2,850 | - | -€2,850 | |
| Other loans | 439 | €2,850 | - | -€2,850 | |
| Trade debts | 44 | €24,013 | €42,234 | +€18,221 | +75.9% |
| Suppliers | 440/4 | €24,013 | €42,234 | +€18,221 | +75.9% |
| Taxes, remuneration and social security | 45 | €141,971 | €94,096 | -€47,875 | -33.7% |
| Taxes | 450/3 | €13,005 | €8,146 | -€4,859 | -37.4% |
| Remuneration and social security | 454/9 | €128,966 | €85,950 | -€43,015 | -33.4% |
| Accrued charges and deferred income | 492/3 | €1,888 | €721,825 | +€719,938 | +38,138% |
| Turnover | 70 | €22,225 | €12,367 | -€9,858 | -44.4% |
| Membership fees, donations, legacies and grants | 73 | €1,287,824 | €1,113,708 | -€174,116 | -13.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €293,982 | €298,762 | +€4,779 | +1.6% |
| Remuneration, social security and pensions | 62 | €998,100 | €802,062 | -€196,038 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,653 | €21,658 | -€13,995 | -39.3% |
| Other operating charges | 640/8 | €2,204 | €1,735 | -€469 | -21.3% |
| Gross operating margin | 9900 | €1,020,912 | €846,284 | -€174,627 | -17.1% |
| Operating profit (loss) | 9901 | -€15,045 | €20,830 | +€35,876 | |
| Financial income | 75/76B | €427 | €548 | +€121 | +28.4% |
| Recurring financial income | 75 | €427 | €548 | +€121 | +28.4% |
| Financial charges | 65/66B | €3,052 | €328 | -€2,724 | -89.3% |
| Recurring financial charges | 65 | €3,052 | €328 | -€2,724 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,670 | €21,051 | +€38,721 | |
| Income taxes | 67/77 | €129 | €164 | +€35 | +27.4% |
| Profit (loss) for the period | 9904 | -€17,799 | €20,886 | +€38,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,799 | €20,886 | +€38,686 |
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 27 October 2026 via checked.be.