LEVRAU: what changed
Two fiscal 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.
LEVRAU
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+23.4%), from €4.6m to €5.6m
of which Trade receivables: +€1.2m
- Cash -€506,724
down €506,724 (-43.0%), from €1.2m to €671,214
mainly Receivables within one year (-€1.1m) and Debts after one year (-€759,023)
- Stocks and contracts +€202,000
up €202,000 (+49.0%), from €412,000 to €614,000
of which Contracts in progress: +€173,630
- Reserves +€868,290
up €868,290 (+13.5%), from €6.4m to €7.3m
of which Distributable reserves: +€935,100
- Debts after one year -€759,023
down €759,023 (-22.8%), from €3.3m to €2.6m
of which Other amounts payable: -€415,000
- Trade debts +€617,765
up €617,765 (+90.6%), from €681,846 to €1.3m
- Gross operating margin +€1.1m
up €1.1m (+46.1%), from €2.4m to €3.5m
- Taxes +€277,549
up €277,549 (+347.2%), from €79,944 to €357,492
- Staff costs +€122,599
up €122,599 (+8.8%), from €1.4m to €1.5m
- Financial income -€83,672
down €83,672 (-56.8%), from €147,243 to €63,571
of which Non-recurring financial income: -€78,178
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.
Cash bridge derived
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 | €11,053,292 | €11,761,418 | +€708,127 | +6.4% |
| Fixed assets | 21/28 | €4,686,607 | €4,630,897 | -€55,709 | -1.2% |
| Tangible fixed assets | 22/27 | €4,685,932 | €4,630,222 | -€55,709 | -1.2% |
| Land and buildings | 22 | €42,347 | €71,109 | +€28,762 | +67.9% |
| Plant, machinery and equipment | 23 | €4,461,040 | €4,400,689 | -€60,351 | -1.4% |
| Furniture and vehicles | 24 | €182,546 | €158,424 | -€24,121 | -13.2% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €6,366,685 | €7,130,521 | +€763,836 | +12.0% |
| Stocks and contracts in progress | 3 | €412,000 | €614,000 | +€202,000 | +49.0% |
| Stocks | 30/36 | €312,130 | €340,500 | +€28,370 | +9.1% |
| Contracts in progress | 37 | €99,870 | €273,500 | +€173,630 | +173.9% |
| Amounts receivable within one year | 40/41 | €4,550,006 | €5,614,641 | +€1.1m | +23.4% |
| Trade receivables | 40 | €1,385,545 | €2,612,591 | +€1.2m | +88.6% |
| Other amounts receivable | 41 | €3,164,461 | €3,002,049 | -€162,411 | -5.1% |
| Current investments | 50/53 | €200,730 | €205,347 | +€4,617 | +2.3% |
| Cash at bank and in hand | 54/58 | €1,177,938 | €671,214 | -€506,724 | -43.0% |
| Deferred charges and accrued income | 490/1 | €26,012 | €25,319 | -€693 | -2.7% |
| Total equity and liabilities | 10/49 | €11,053,292 | €11,761,418 | +€708,127 | +6.4% |
| Equity | 10/15 | €6,454,912 | €7,323,887 | +€868,975 | +13.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €6,423,846 | €7,292,136 | +€868,290 | +13.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €498,848 | €432,038 | -€66,810 | -13.4% |
| Distributable reserves | 133 | €5,921,900 | €6,857,000 | +€935,100 | +15.8% |
| Profit (loss) carried forward | 14 | €79 | €764 | +€684 | +863.2% |
| Provisions and deferred taxes | 16 | €203,755 | €176,466 | -€27,289 | -13.4% |
| Deferred taxes | 168 | €203,755 | €176,466 | -€27,289 | -13.4% |
| Amounts payable | 17/49 | €4,394,625 | €4,261,066 | -€133,559 | -3.0% |
| Amounts payable after more than one year | 17 | €3,333,161 | €2,574,138 | -€759,023 | -22.8% |
| Financial debts | 170/4 | €2,763,161 | €2,419,138 | -€344,023 | -12.5% |
| Other amounts payable | 178/9 | €570,000 | €155,000 | -€415,000 | -72.8% |
| Amounts payable within one year | 42/48 | €1,060,496 | €1,685,929 | +€625,433 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €341,525 | €344,023 | +€2,498 | +0.7% |
| Trade debts | 44 | €681,846 | €1,299,610 | +€617,765 | +90.6% |
| Suppliers | 440/4 | €681,846 | €1,299,610 | +€617,765 | +90.6% |
| Taxes, remuneration and social security | 45 | €30,891 | €40,495 | +€9,604 | +31.1% |
| Taxes | 450/3 | €14,718 | €24,426 | +€9,708 | +66.0% |
| Remuneration and social security | 454/9 | €16,172 | €16,068 | -€104 | -0.6% |
| Other amounts payable | 47/48 | €6,234 | €1,801 | -€4,433 | -71.1% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Remuneration, social security and pensions | 62 | €1,389,333 | €1,511,932 | +€122,599 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735,456 | €764,777 | +€29,321 | +4.0% |
| Other operating charges | 640/8 | €17,435 | €19,766 | +€2,331 | +13.4% |
| Gross operating margin | 9900 | €2,390,405 | €3,492,557 | +€1.1m | +46.1% |
| Operating profit (loss) | 9901 | €248,181 | €1,196,082 | +€947,901 | +381.9% |
| Financial income | 75/76B | €147,243 | €63,571 | -€83,672 | -56.8% |
| Recurring financial income | 75 | €69,064 | €63,571 | -€5,494 | -8.0% |
| Non-recurring financial income | 76B | €78,178 | - | -€78,178 | |
| Financial charges | 65/66B | €75,020 | €60,474 | -€14,546 | -19.4% |
| Recurring financial charges | 65 | €75,020 | €60,474 | -€14,546 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €320,404 | €1,199,178 | +€878,775 | +274.3% |
| Transfer from deferred taxes | 780 | €27,289 | €27,289 | = | 0.0% |
| Income taxes | 67/77 | €79,944 | €357,492 | +€277,549 | +347.2% |
| Profit (loss) for the period | 9904 | €267,748 | €868,975 | +€601,226 | +224.5% |
| Transfer from tax-exempt reserves | 789 | €66,810 | €66,810 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €334,558 | €935,784 | +€601,226 | +179.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.