LEVAC: 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.
LEVAC
Largest movements
- Tangible fixed assets -€67,834
down €67,834 (-4.0%), from €1.7m to €1.6m
of which Land and buildings: -€67,389
- Receivables within one year +€52,850
up €52,850 (+262%), from €20,150 to €73,000
- Current portion of long-term debt -€23,060
down €23,060 (-100%), from €23,060 to €0
- Gross operating margin +€15,598
up €15,598 (+18.9%), from €82,427 to €98,025
- Financial charges -€2,429
down €2,429 (-18.5%), from €13,099 to €10,670
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 | €1,733,685 | €1,704,586 | -€29,099 | -1.7% |
| Fixed assets | 21/28 | €1,689,203 | €1,621,369 | -€67,834 | -4.0% |
| Tangible fixed assets | 22/27 | €1,689,203 | €1,621,369 | -€67,834 | -4.0% |
| Land and buildings | 22 | €1,685,812 | €1,618,423 | -€67,389 | -4.0% |
| Plant, machinery and equipment | 23 | €3,391 | €2,946 | -€445 | -13.1% |
| Current assets | 29/58 | €44,482 | €83,217 | +€38,735 | +87.1% |
| Amounts receivable within one year | 40/41 | €20,150 | €73,000 | +€52,850 | +262% |
| Other amounts receivable | 41 | €20,150 | €73,000 | +€52,850 | +262% |
| Cash at bank and in hand | 54/58 | €24,332 | €10,034 | -€14,298 | -58.8% |
| Deferred charges and accrued income | 490/1 | - | €183 | +€183 | |
| Total equity and liabilities | 10/49 | €1,733,685 | €1,704,586 | -€29,099 | -1.7% |
| Equity | 10/15 | €1,357,139 | €1,373,363 | +€16,223 | +1.2% |
| Contributions | 10/11 | €2,105,000 | €2,105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€747,861 | -€731,637 | +€16,223 | +2.2% |
| Amounts payable | 17/49 | €376,546 | €331,224 | -€45,322 | -12.0% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €223,100 | €184,285 | -€38,815 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €23,060 | €0 | -€23,060 | -100% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Taxes, remuneration and social security | 45 | €5,762 | €2,974 | -€2,789 | -48.4% |
| Taxes | 450/3 | €5,762 | €2,974 | -€2,789 | -48.4% |
| Other amounts payable | 47/48 | €193,310 | €181,312 | -€11,998 | -6.2% |
| Accrued charges and deferred income | 492/3 | €13,446 | €6,938 | -€6,507 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,122 | €67,834 | +€711 | +1.1% |
| Other operating charges | 640/8 | €3,200 | €3,298 | +€98 | +3.1% |
| Gross operating margin | 9900 | €82,427 | €98,025 | +€15,598 | +18.9% |
| Operating profit (loss) | 9901 | €12,105 | €26,894 | +€14,789 | +122% |
| Financial charges | 65/66B | €13,099 | €10,670 | -€2,429 | -18.5% |
| Recurring financial charges | 65 | €13,099 | €10,670 | -€2,429 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€995 | €16,223 | +€17,218 | |
| Profit (loss) for the period | 9904 | -€995 | €16,223 | +€17,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€995 | €16,223 | +€17,218 |
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 16 October 2026 via checked.be.