LVL_UP: 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.
LVL_UP
Largest movements
- Tangible fixed assets +€71,058
up €71,058 (+4114.4%), from €1,727 to €72,785
of which Furniture and vehicles: +€68,667
- Cash -€37,151
down €37,151 (-21.4%), from €173,291 to €136,141
mainly Contributions, distributions and other (-€87,654) and Investment in fixed assets (net) (-€82,893)
- Current investments +€12,127
up €12,127 (+15.3%), from €79,083 to €91,210
- Receivables within one year +€8,291
up €8,291 (+38.3%), from €21,648 to €29,939
of which Trade receivables: +€11,809
- Other debts +€88,600
up €88,600 (+70.6%), from €125,578 to €214,178
- Profit (loss) carried forward -€35,000
no longer reported in 2025 (was €35,000)
- Depreciation +€11,114
up €11,114 (+1540.9%), from €721 to €11,835
- Taxes -€2,049
down €2,049 (-12.8%), from €16,046 to €13,997
- Gross operating margin +€1,294
up €1,294 (+1.5%), from €84,763 to €86,057
- Financial charges +€1,123
up €1,123 (+16.1%), from €6,982 to €8,105
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 | €275,750 | €330,074 | +€54,325 | +19.7% |
| Fixed assets | 21/28 | €1,727 | €72,785 | +€71,058 | +4114.4% |
| Tangible fixed assets | 22/27 | €1,727 | €72,785 | +€71,058 | +4114.4% |
| Plant, machinery and equipment | 23 | - | €2,390 | +€2,390 | |
| Furniture and vehicles | 24 | €1,727 | €70,394 | +€68,667 | +3976.0% |
| Current assets | 29/58 | €274,022 | €257,290 | -€16,733 | -6.1% |
| Amounts receivable within one year | 40/41 | €21,648 | €29,939 | +€8,291 | +38.3% |
| Trade receivables | 40 | €16,188 | €27,997 | +€11,809 | +73.0% |
| Other amounts receivable | 41 | €5,460 | €1,942 | -€3,518 | -64.4% |
| Current investments | 50/53 | €79,083 | €91,210 | +€12,127 | +15.3% |
| Cash at bank and in hand | 54/58 | €173,291 | €136,141 | -€37,151 | -21.4% |
| Total equity and liabilities | 10/49 | €275,750 | €330,074 | +€54,325 | +19.7% |
| Equity | 10/15 | €134,460 | €99,460 | -€35,000 | -26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,860 | €80,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,000 | - | -€35,000 | |
| Amounts payable | 17/49 | €141,290 | €230,614 | +€89,325 | +63.2% |
| Amounts payable within one year | 42/48 | €133,900 | €221,970 | +€88,070 | +65.8% |
| Trade debts | 44 | - | €115 | +€115 | |
| Suppliers | 440/4 | - | €115 | +€115 | |
| Taxes, remuneration and social security | 45 | €8,322 | €7,676 | -€646 | -7.8% |
| Taxes | 450/3 | €8,322 | €7,676 | -€646 | -7.8% |
| Other amounts payable | 47/48 | €125,578 | €214,178 | +€88,600 | +70.6% |
| Accrued charges and deferred income | 492/3 | €7,389 | €8,645 | +€1,255 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721 | €11,835 | +€11,114 | +1540.9% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €84,763 | €86,057 | +€1,294 | +1.5% |
| Operating profit (loss) | 9901 | €83,143 | €73,293 | -€9,849 | -11.8% |
| Financial income | 75/76B | €729 | €1,463 | +€734 | +100.7% |
| Recurring financial income | 75 | €729 | €1,463 | +€734 | +100.7% |
| Financial charges | 65/66B | €6,982 | €8,105 | +€1,123 | +16.1% |
| Recurring financial charges | 65 | €6,982 | €8,105 | +€1,123 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €76,890 | €66,652 | -€10,238 | -13.3% |
| Income taxes | 67/77 | €16,046 | €13,997 | -€2,049 | -12.8% |
| Profit (loss) for the period | 9904 | €60,843 | €52,654 | -€8,189 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,843 | €52,654 | -€8,189 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.