LIGA: 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.
LIGA
Largest movements
- Tangible fixed assets -€4,657
down €4,657 (-8.0%), from €58,307 to €53,650
of which Land and buildings: -€4,243
- Receivables after one year -€1,913
down €1,913 (-3.7%), from €51,042 to €49,130
- Other debts +€51,708
up €51,708 (+47.9%), from €107,860 to €159,568
- Profit (loss) carried forward -€25,775
down €25,775 (-27.3%), from -€94,407 to -€120,183
- Tax, wage and social debts -€17,655
no longer reported in 2025 (was €17,655)
- Debts after one year -€11,793
down €11,793 (-21.1%), from €55,814 to €44,021
- Trade debts -€2,346
down €2,346 (-40.4%), from €5,810 to €3,464
- Gross operating margin -€16,642
down €16,642 (-862%), from -€1,930 to -€18,571
- Other operating charges -€1,075
no longer reported in 2025 (was €1,075)
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 | €115,133 | €109,630 | -€5,503 | -4.8% |
| Fixed assets | 21/28 | €58,307 | €53,650 | -€4,657 | -8.0% |
| Tangible fixed assets | 22/27 | €58,307 | €53,650 | -€4,657 | -8.0% |
| Land and buildings | 22 | €57,893 | €53,650 | -€4,243 | -7.3% |
| Furniture and vehicles | 24 | €413 | - | -€413 | |
| Current assets | 29/58 | €56,826 | €55,980 | -€846 | -1.5% |
| Amounts receivable after more than one year | 29 | €51,042 | €49,130 | -€1,913 | -3.7% |
| Other amounts receivable | 291 | €51,042 | €49,130 | -€1,913 | -3.7% |
| Amounts receivable within one year | 40/41 | €5,623 | €5,623 | = | 0.0% |
| Trade receivables | 40 | €411 | €411 | = | 0.0% |
| Other amounts receivable | 41 | €5,212 | €5,212 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €161 | €1,227 | +€1,066 | +663% |
| Total equity and liabilities | 10/49 | €115,133 | €109,630 | -€5,503 | -4.8% |
| Equity | 10/15 | -€84,407 | -€110,183 | -€25,775 | -30.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,407 | -€120,183 | -€25,775 | -27.3% |
| Amounts payable | 17/49 | €199,540 | €219,813 | +€20,273 | +10.2% |
| Amounts payable after more than one year | 17 | €55,814 | €44,021 | -€11,793 | -21.1% |
| Financial debts | 170/4 | €55,814 | €44,021 | -€11,793 | -21.1% |
| Amounts payable within one year | 42/48 | €143,726 | €175,792 | +€32,065 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €12,402 | €12,760 | +€358 | +2.9% |
| Trade debts | 44 | €5,810 | €3,464 | -€2,346 | -40.4% |
| Suppliers | 440/4 | €5,810 | €3,464 | -€2,346 | -40.4% |
| Taxes, remuneration and social security | 45 | €17,655 | - | -€17,655 | |
| Taxes | 450/3 | €17,655 | - | -€17,655 | |
| Other amounts payable | 47/48 | €107,860 | €159,568 | +€51,708 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,593 | €4,657 | +€63 | +1.4% |
| Other operating charges | 640/8 | €1,075 | - | -€1,075 | |
| Gross operating margin | 9900 | -€1,930 | -€18,571 | -€16,642 | -862% |
| Operating profit (loss) | 9901 | -€7,598 | -€23,228 | -€15,630 | -206% |
| Financial income | 75/76B | €51 | €0 | -€51 | -99.9% |
| Recurring financial income | 75 | €51 | €0 | -€51 | -99.9% |
| Financial charges | 65/66B | €2,468 | €2,548 | +€80 | +3.2% |
| Recurring financial charges | 65 | €2,468 | €2,548 | +€80 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,014 | -€25,775 | -€15,761 | -157% |
| Profit (loss) for the period | 9904 | -€10,014 | -€25,775 | -€15,761 | -157% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,014 | -€25,775 | -€15,761 | -157% |
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 21 October 2026 via checked.be.