LEVLS IT: what changed
LEVLS IT
Largest movements
- Receivables within one year -€3,635
down €3,635 (-30.5%), from €11,920 to €8,284
- Deferred charges and accrued income +€2,489
up €2,489 (+181%), from €1,373 to €3,862
- Cash -€2,245
down €2,245 (-4.8%), from €46,922 to €44,677
mainly Contributions, distributions and other (-€46,000) and Tax, wage and social debts (-€2,682)
- Tangible fixed assets -€714
down €714 (-31.5%), from €2,268 to €1,554
of which Furniture and vehicles: -€749
- Reserves -€11,595
down €11,595 (-98.0%), from €11,836 to €241
- Other debts +€10,706
up €10,706 (+30.3%), from €35,306 to €46,012
- Tax, wage and social debts -€2,682
down €2,682 (-26.1%), from €10,276 to €7,594
- Current portion of long-term debt -€1,667
no longer reported in 2025 (was €1,667)
- Trade debts +€1,132
up €1,132 (+6,183%), from €18 to €1,150
- Gross operating margin -€2,701
down €2,701 (-5.5%), from €48,910 to €46,210
- Taxes -€1,316
down €1,316 (-12.8%), from €10,247 to €8,931
- Financial charges +€1,066
up €1,066 (+338%), from €315 to €1,381
- Depreciation -€952
down €952 (-53.6%), from €1,775 to €823
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,102 | €60,997 | -€4,105 | -6.3% |
| Fixed assets | 21/28 | €4,888 | €4,174 | -€714 | -14.6% |
| Tangible fixed assets | 22/27 | €2,268 | €1,554 | -€714 | -31.5% |
| Plant, machinery and equipment | 23 | €1,171 | €1,206 | +€35 | +3.0% |
| Furniture and vehicles | 24 | €1,097 | €348 | -€749 | -68.3% |
| Financial fixed assets | 28 | €2,620 | €2,620 | = | 0.0% |
| Current assets | 29/58 | €60,215 | €56,824 | -€3,391 | -5.6% |
| Amounts receivable within one year | 40/41 | €11,920 | €8,284 | -€3,635 | -30.5% |
| Trade receivables | 40 | €11,920 | €8,284 | -€3,635 | -30.5% |
| Cash at bank and in hand | 54/58 | €46,922 | €44,677 | -€2,245 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,373 | €3,862 | +€2,489 | +181% |
| Total equity and liabilities | 10/49 | €65,102 | €60,997 | -€4,105 | -6.3% |
| Equity | 10/15 | €17,836 | €6,241 | -€11,595 | -65.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €11,836 | €241 | -€11,595 | -98.0% |
| Distributable reserves | 133 | €11,836 | €241 | -€11,595 | -98.0% |
| Amounts payable | 17/49 | €47,267 | €54,756 | +€7,490 | +15.8% |
| Amounts payable within one year | 42/48 | €47,267 | €54,756 | +€7,490 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | - | -€1,667 | |
| Trade debts | 44 | €18 | €1,150 | +€1,132 | +6,183% |
| Suppliers | 440/4 | €18 | €1,150 | +€1,132 | +6,183% |
| Taxes, remuneration and social security | 45 | €10,276 | €7,594 | -€2,682 | -26.1% |
| Taxes | 450/3 | €10,276 | €7,594 | -€2,682 | -26.1% |
| Other amounts payable | 47/48 | €35,306 | €46,012 | +€10,706 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,775 | €823 | -€952 | -53.6% |
| Other operating charges | 640/8 | €797 | €679 | -€118 | -14.8% |
| Gross operating margin | 9900 | €48,910 | €46,210 | -€2,701 | -5.5% |
| Operating profit (loss) | 9901 | €46,338 | €44,707 | -€1,630 | -3.5% |
| Financial income | 75/76B | €0 | €10 | +€10 | +5,116% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +5,116% |
| Financial charges | 65/66B | €315 | €1,381 | +€1,066 | +338% |
| Recurring financial charges | 65 | €315 | €1,381 | +€1,066 | +338% |
| Profit (loss) for the period before taxes | 9903 | €46,023 | €43,336 | -€2,687 | -5.8% |
| Income taxes | 67/77 | €10,247 | €8,931 | -€1,316 | -12.8% |
| Profit (loss) for the period | 9904 | €35,775 | €34,405 | -€1,370 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,775 | €34,405 | -€1,370 | -3.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.