LEVL Projects: 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 Projects
Largest movements
- Tangible fixed assets +€29,960
up €29,960 (+132%), from €22,740 to €52,700
of which Other tangible fixed assets: +€15,468
- Cash +€18,375
up €18,375 (+151%), from €12,143 to €30,518
mainly Debts after one year (+€21,366) and Receivables within one year (+€16,296)
- Receivables within one year -€16,296
down €16,296 (-62.8%), from €25,942 to €9,646
of which Trade receivables: -€14,178
- Financial fixed assets +€2,550
new in 2025: €2,550
- Debts after one year +€21,366
up €21,366 (+127%), from €16,836 to €38,202
- Tax, wage and social debts +€6,047
up €6,047 (+99.4%), from €6,086 to €12,133
of which Taxes: +€3,745
- Current portion of long-term debt +€2,839
up €2,839 (+59.5%), from €4,769 to €7,608
- Reserves +€2,332
up €2,332 (+10.0%), from €23,248 to €25,581
- Trade debts +€1,913
up €1,913 (+39.1%), from €4,886 to €6,798
- Gross operating margin -€18,206
down €18,206 (-59.4%), from €30,661 to €12,455
- Taxes -€5,102
down €5,102 (-83.8%), from €6,086 to €984
- Depreciation +€3,686
up €3,686 (+163%), from €2,260 to €5,947
- Financial charges +€1,159
up €1,159 (+84.4%), from €1,374 to €2,533
- Other operating charges +€403
up €403 (+131%), from €307 to €710
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 | €60,825 | €95,414 | +€34,589 | +56.9% |
| Fixed assets | 21/28 | €22,740 | €55,250 | +€32,510 | +143% |
| Tangible fixed assets | 22/27 | €22,740 | €52,700 | +€29,960 | +132% |
| Plant, machinery and equipment | 23 | €22,740 | €33,925 | +€11,185 | +49.2% |
| Furniture and vehicles | 24 | - | €3,307 | +€3,307 | |
| Other tangible fixed assets | 26 | - | €15,468 | +€15,468 | |
| Financial fixed assets | 28 | - | €2,550 | +€2,550 | |
| Current assets | 29/58 | €38,085 | €40,164 | +€2,079 | +5.5% |
| Amounts receivable within one year | 40/41 | €25,942 | €9,646 | -€16,296 | -62.8% |
| Trade receivables | 40 | €23,696 | €9,518 | -€14,178 | -59.8% |
| Other amounts receivable | 41 | €2,246 | €128 | -€2,118 | -94.3% |
| Cash at bank and in hand | 54/58 | €12,143 | €30,518 | +€18,375 | +151% |
| Total equity and liabilities | 10/49 | €60,825 | €95,414 | +€34,589 | +56.9% |
| Equity | 10/15 | €28,248 | €30,581 | +€2,332 | +8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,248 | €25,581 | +€2,332 | +10.0% |
| Distributable reserves | 133 | €23,248 | €25,581 | +€2,332 | +10.0% |
| Amounts payable | 17/49 | €32,576 | €64,833 | +€32,257 | +99.0% |
| Amounts payable after more than one year | 17 | €16,836 | €38,202 | +€21,366 | +127% |
| Financial debts | 170/4 | €16,836 | €38,202 | +€21,366 | +127% |
| Amounts payable within one year | 42/48 | €15,740 | €26,631 | +€10,891 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €4,769 | €7,608 | +€2,839 | +59.5% |
| Trade debts | 44 | €4,886 | €6,798 | +€1,913 | +39.1% |
| Suppliers | 440/4 | €4,886 | €6,798 | +€1,913 | +39.1% |
| Taxes, remuneration and social security | 45 | €6,086 | €12,133 | +€6,047 | +99.4% |
| Taxes | 450/3 | €6,086 | €9,831 | +€3,745 | +61.5% |
| Remuneration and social security | 454/9 | - | €2,302 | +€2,302 | |
| Other amounts payable | 47/48 | €0 | €93 | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €5,947 | +€3,686 | +163% |
| Other operating charges | 640/8 | €307 | €710 | +€403 | +131% |
| Gross operating margin | 9900 | €30,661 | €12,455 | -€18,206 | -59.4% |
| Operating profit (loss) | 9901 | €28,093 | €5,798 | -€22,295 | -79.4% |
| Financial income | 75/76B | €0 | €50 | +€50 | +13,163% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +13,163% |
| Financial charges | 65/66B | €1,374 | €2,533 | +€1,159 | +84.4% |
| Recurring financial charges | 65 | €1,374 | €2,533 | +€1,159 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €26,720 | €3,316 | -€23,404 | -87.6% |
| Income taxes | 67/77 | €6,086 | €984 | -€5,102 | -83.8% |
| Profit (loss) for the period | 9904 | €20,634 | €2,332 | -€18,302 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,634 | €2,332 | -€18,302 | -88.7% |
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 21 October 2026 via checked.be.