LIGECO: 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.
LIGECO
Largest movements
- Cash +€191,545
up €191,545 (+77.5%), from €247,211 to €438,755
mainly Net result for the year (+€233,563) and Other debts (+€203,863)
- Receivables within one year +€17,098
up €17,098, from €0 to €17,098
of which Trade receivables: +€16,335
- Tangible fixed assets -€9,680
down €9,680 (-36.5%), from €26,548 to €16,868
- Other debts +€203,863
up €203,863 (+99.9%), from €204,000 to €407,863
- Profit (loss) carried forward -€6,276
down €6,276 (-100.0%), from €6,276 to €0
No income-statement line moved by more than 1% of the activity.
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 | €275,743 | €472,720 | +€196,978 | +71.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,548 | €16,868 | -€9,680 | -36.5% |
| Tangible fixed assets | 22/27 | €26,548 | €16,868 | -€9,680 | -36.5% |
| Furniture and vehicles | 24 | €26,548 | €16,868 | -€9,680 | -36.5% |
| Current assets | 29/58 | €249,195 | €455,853 | +€206,658 | +82.9% |
| Amounts receivable within one year | 40/41 | €0 | €17,098 | +€17,098 | |
| Trade receivables | 40 | €0 | €16,335 | +€16,335 | |
| Other amounts receivable | 41 | €0 | €763 | +€763 | |
| Cash at bank and in hand | 54/58 | €247,211 | €438,755 | +€191,545 | +77.5% |
| Deferred charges and accrued income | 490/1 | €1,984 | €0 | -€1,984 | -100.0% |
| Total equity and liabilities | 10/49 | €275,743 | €472,720 | +€196,978 | +71.4% |
| Equity | 10/15 | €24,876 | €18,600 | -€6,276 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,276 | €0 | -€6,276 | -100.0% |
| Amounts payable | 17/49 | €250,867 | €454,120 | +€203,254 | +81.0% |
| Amounts payable within one year | 42/48 | €250,867 | €454,120 | +€203,254 | +81.0% |
| Trade debts | 44 | €98 | €0 | -€98 | -100.0% |
| Suppliers | 440/4 | €98 | €0 | -€98 | -100.0% |
| Taxes, remuneration and social security | 45 | €46,769 | €46,258 | -€511 | -1.1% |
| Taxes | 450/3 | €44,969 | €44,458 | -€511 | -1.1% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €204,000 | €407,863 | +€203,863 | +99.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,897 | €9,680 | -€217 | -2.2% |
| Other operating charges | 640/8 | €407 | €415 | +€8 | +2.0% |
| Gross operating margin | 9900 | €320,108 | €323,089 | +€2,981 | +0.9% |
| Operating profit (loss) | 9901 | €309,804 | €312,993 | +€3,189 | +1.0% |
| Financial charges | 65/66B | €77 | €193 | +€116 | +152.2% |
| Recurring financial charges | 65 | €77 | €193 | +€116 | +152.2% |
| Profit (loss) for the period before taxes | 9903 | €309,728 | €312,800 | +€3,073 | +1.0% |
| Income taxes | 67/77 | €78,509 | €79,237 | +€728 | +0.9% |
| Profit (loss) for the period | 9904 | €231,219 | €233,563 | +€2,344 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231,219 | €233,563 | +€2,344 | +1.0% |
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 11 October 2026 via checked.be.