LEVUMA: 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.
LEVUMA
Largest movements
- Cash +€87,224
up €87,224 (+140%), from €62,241 to €149,465
mainly Net result for the year (+€186,282) and Stocks and contracts (+€83,621)
- Stocks and contracts -€83,621
down €83,621 (-9.9%), from €845,361 to €761,740
- Receivables within one year -€67,504
down €67,504 (-4.8%), from €1.4m to €1.4m
of which Trade receivables: -€179,206
- Tangible fixed assets +€61,387
up €61,387 (+753%), from €8,155 to €69,542
of which Furniture and vehicles: +€62,361
- Reserves +€140,156
up €140,156 (+7.3%), from €1.9m to €2.1m
of which Distributable reserves: +€142,016
- Other debts -€100,000
no longer reported in 2024 (was €100,000)
- Gross operating margin +€169,722
up €169,722 (+88.6%), from €191,611 to €361,332
- Financial charges +€61,368
up €61,368 (+81.4%), from €75,403 to €136,770
- Staff costs +€6,812
up €6,812 (+12.9%), from €52,644 to €59,457
- Taxes -€4,922
down €4,922 (-20.3%), from €24,232 to €19,310
- Depreciation +€4,129
up €4,129 (+359%), from €1,149 to €5,278
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,346,107 | €2,344,310 | -€1,797 | -0.1% |
| Fixed assets | 21/28 | €18,193 | €79,580 | +€61,387 | +337% |
| Tangible fixed assets | 22/27 | €8,155 | €69,542 | +€61,387 | +753% |
| Land and buildings | 22 | €897 | €838 | -€60 | -6.7% |
| Plant, machinery and equipment | 23 | €6,380 | €5,466 | -€914 | -14.3% |
| Furniture and vehicles | 24 | €878 | €63,239 | +€62,361 | +7,102% |
| Financial fixed assets | 28 | €10,038 | €10,038 | = | 0.0% |
| Current assets | 29/58 | €2,327,914 | €2,264,730 | -€63,185 | -2.7% |
| Stocks and contracts in progress | 3 | €845,361 | €761,740 | -€83,621 | -9.9% |
| Stocks | 30/36 | €845,361 | €761,740 | -€83,621 | -9.9% |
| Amounts receivable within one year | 40/41 | €1,420,312 | €1,352,808 | -€67,504 | -4.8% |
| Trade receivables | 40 | €1,246,463 | €1,067,256 | -€179,206 | -14.4% |
| Other amounts receivable | 41 | €173,849 | €285,551 | +€111,702 | +64.3% |
| Cash at bank and in hand | 54/58 | €62,241 | €149,465 | +€87,224 | +140% |
| Deferred charges and accrued income | 490/1 | - | €717 | +€717 | |
| Total equity and liabilities | 10/49 | €2,346,107 | €2,344,310 | -€1,797 | -0.1% |
| Equity | 10/15 | €1,923,462 | €2,063,618 | +€140,156 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,911,062 | €2,051,218 | +€140,156 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,909,202 | €2,051,218 | +€142,016 | +7.4% |
| Amounts payable | 17/49 | €422,645 | €280,692 | -€141,954 | -33.6% |
| Amounts payable within one year | 42/48 | €422,645 | €280,692 | -€141,954 | -33.6% |
| Trade debts | 44 | €269,331 | €248,099 | -€21,232 | -7.9% |
| Suppliers | 440/4 | €269,331 | €248,099 | -€21,232 | -7.9% |
| Taxes, remuneration and social security | 45 | €53,314 | €32,592 | -€20,722 | -38.9% |
| Taxes | 450/3 | €52,218 | €24,724 | -€27,494 | -52.7% |
| Remuneration and social security | 454/9 | €1,097 | €7,869 | +€6,772 | +618% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Remuneration, social security and pensions | 62 | €52,644 | €59,457 | +€6,812 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €5,278 | +€4,129 | +359% |
| Other operating charges | 640/8 | €309 | €318 | +€9 | +2.9% |
| Gross operating margin | 9900 | €191,611 | €361,332 | +€169,722 | +88.6% |
| Operating profit (loss) | 9901 | €137,508 | €296,279 | +€158,771 | +115% |
| Financial income | 75/76B | €44,854 | €46,083 | +€1,229 | +2.7% |
| Recurring financial income | 75 | €44,854 | €46,083 | +€1,229 | +2.7% |
| Financial charges | 65/66B | €75,403 | €136,770 | +€61,368 | +81.4% |
| Recurring financial charges | 65 | €75,403 | €136,770 | +€61,368 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €106,959 | €205,592 | +€98,633 | +92.2% |
| Income taxes | 67/77 | €24,232 | €19,310 | -€4,922 | -20.3% |
| Profit (loss) for the period | 9904 | €82,727 | €186,282 | +€103,555 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €82,727 | €186,282 | +€103,555 | +125% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.