Xavier de LEVAL: 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.
Xavier de LEVAL
Largest movements
- Cash -€114,878
down €114,878 (-46.0%), from €249,519 to €134,641
mainly Debts after one year (-€229,142) and Investment in fixed assets (net) (-€53,753)
- Tangible fixed assets -€29,974
down €29,974 (-2.0%), from €1.5m to €1.5m
of which Land and buildings: -€38,662
- Debts after one year -€229,142
down €229,142 (-14.9%), from €1.5m to €1.3m
- Reserves +€134,385
up €134,385 (+20.8%), from €646,277 to €780,661
- Other debts -€49,288
down €49,288 (-81.9%), from €60,217 to €10,929
- Gross operating margin +€45,330
up €45,330 (+12.3%), from €369,827 to €415,157
- Taxes +€18,014
up €18,014 (+29.0%), from €62,173 to €80,187
- Financial charges -€14,192
down €14,192 (-20.5%), from €69,088 to €54,896
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 | €2,464,666 | €2,311,455 | -€153,211 | -6.2% |
| Fixed assets | 21/28 | €2,168,668 | €2,138,695 | -€29,974 | -1.4% |
| Tangible fixed assets | 22/27 | €1,516,600 | €1,486,627 | -€29,974 | -2.0% |
| Land and buildings | 22 | €1,516,600 | €1,477,938 | -€38,662 | -2.5% |
| Other tangible fixed assets | 26 | - | €8,689 | +€8,689 | |
| Financial fixed assets | 28 | €652,068 | €652,068 | = | 0.0% |
| Current assets | 29/58 | €295,998 | €172,761 | -€123,237 | -41.6% |
| Amounts receivable within one year | 40/41 | €45,357 | €27,191 | -€18,166 | -40.1% |
| Trade receivables | 40 | €28,288 | €15,750 | -€12,538 | -44.3% |
| Other amounts receivable | 41 | €17,069 | €11,441 | -€5,628 | -33.0% |
| Current investments | 50/53 | - | €9,992 | +€9,992 | |
| Cash at bank and in hand | 54/58 | €249,519 | €134,641 | -€114,878 | -46.0% |
| Deferred charges and accrued income | 490/1 | €1,122 | €937 | -€184 | -16.4% |
| Total equity and liabilities | 10/49 | €2,464,666 | €2,311,455 | -€153,211 | -6.2% |
| Equity | 10/15 | €695,465 | €829,850 | +€134,385 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,277 | €780,661 | +€134,385 | +20.8% |
| Distributable reserves | 133 | €646,277 | €780,661 | +€134,385 | +20.8% |
| Profit (loss) carried forward | 14 | €30,588 | €30,588 | = | 0.0% |
| Amounts payable | 17/49 | €1,769,201 | €1,481,606 | -€287,595 | -16.3% |
| Amounts payable after more than one year | 17 | €1,535,503 | €1,306,361 | -€229,142 | -14.9% |
| Financial debts | 170/4 | €1,535,503 | €1,306,361 | -€229,142 | -14.9% |
| Amounts payable within one year | 42/48 | €188,385 | €141,231 | -€47,154 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €128,081 | €123,063 | -€5,018 | -3.9% |
| Trade debts | 44 | €88 | €7,240 | +€7,152 | +8,125% |
| Suppliers | 440/4 | €88 | €7,240 | +€7,152 | +8,125% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,217 | €10,929 | -€49,288 | -81.9% |
| Accrued charges and deferred income | 492/3 | €45,313 | €34,014 | -€11,300 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,636 | €83,727 | +€2,091 | +2.6% |
| Other operating charges | 640/8 | €9,805 | €10,135 | +€330 | +3.4% |
| Gross operating margin | 9900 | €369,827 | €415,157 | +€45,330 | +12.3% |
| Operating profit (loss) | 9901 | €278,386 | €321,295 | +€42,909 | +15.4% |
| Financial income | 75/76B | €199 | €8 | -€191 | -96.0% |
| Recurring financial income | 75 | €199 | €8 | -€191 | -96.0% |
| Financial charges | 65/66B | €69,088 | €54,896 | -€14,192 | -20.5% |
| Recurring financial charges | 65 | €69,088 | €54,896 | -€14,192 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €209,498 | €266,408 | +€56,910 | +27.2% |
| Income taxes | 67/77 | €62,173 | €80,187 | +€18,014 | +29.0% |
| Profit (loss) for the period | 9904 | €147,325 | €186,221 | +€38,896 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,325 | €186,221 | +€38,896 | +26.4% |
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 18 October 2026 via checked.be.