LIGI: 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.
LIGI
Largest movements
- Cash -€115,619
down €115,619 (-28.2%), from €409,527 to €293,908
mainly Net result for the year (-€94,634) and Receivables within one year (-€40,450)
- Receivables within one year +€40,450
up €40,450 (+47.7%), from €84,725 to €125,175
of which Other amounts receivable: +€40,832
- Tangible fixed assets -€11,661
down €11,661 (-27.8%), from €41,999 to €30,337
- Profit (loss) carried forward -€94,634
down €94,634 (-28.8%), from €328,875 to €234,242
- Current portion of long-term debt +€8,200
new in 2025: €8,200
- Taxes +€34,174
new in 2025: €34,174
- Gross operating margin -€7,788
down €7,788 (-20.1%), from -€38,762 to -€46,550
- Depreciation +€5,200
up €5,200 (+80.5%), from €6,461 to €11,661
- Financial charges +€1,389
up €1,389 (+1042.3%), from €133 to €1,522
of which Non-recurring financial charges: +€1,400
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 | €553,755 | €467,307 | -€86,448 | -15.6% |
| Fixed assets | 21/28 | €42,933 | €31,272 | -€11,661 | -27.2% |
| Tangible fixed assets | 22/27 | €41,999 | €30,337 | -€11,661 | -27.8% |
| Furniture and vehicles | 24 | €41,999 | €30,337 | -€11,661 | -27.8% |
| Financial fixed assets | 28 | €935 | €935 | = | 0.0% |
| Current assets | 29/58 | €510,822 | €436,035 | -€74,786 | -14.6% |
| Stocks and contracts in progress | 3 | €16,570 | €16,952 | +€382 | +2.3% |
| Stocks | 30/36 | €16,570 | €16,952 | +€382 | +2.3% |
| Amounts receivable within one year | 40/41 | €84,725 | €125,175 | +€40,450 | +47.7% |
| Trade receivables | 40 | €382 | - | -€382 | |
| Other amounts receivable | 41 | €84,343 | €125,175 | +€40,832 | +48.4% |
| Cash at bank and in hand | 54/58 | €409,527 | €293,908 | -€115,619 | -28.2% |
| Total equity and liabilities | 10/49 | €553,755 | €467,307 | -€86,448 | -15.6% |
| Equity | 10/15 | €436,808 | €342,175 | -€94,634 | -21.7% |
| Contributions | 10/11 | €91,810 | €91,810 | = | 0.0% |
| Reserves | 13 | €16,123 | €16,123 | = | 0.0% |
| Distributable reserves | 133 | €16,123 | €16,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,875 | €234,242 | -€94,634 | -28.8% |
| Amounts payable | 17/49 | €116,947 | €125,132 | +€8,186 | +7.0% |
| Amounts payable within one year | 42/48 | €116,947 | €125,132 | +€8,186 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,200 | +€8,200 | |
| Financial debts | 43 | €116,947 | €116,932 | -€14 | 0.0% |
| Other loans | 439 | €116,947 | €116,932 | -€14 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,461 | €11,661 | +€5,200 | +80.5% |
| Other operating charges | 640/8 | €433 | €744 | +€311 | +71.7% |
| Gross operating margin | 9900 | -€38,762 | -€46,550 | -€7,788 | -20.1% |
| Operating profit (loss) | 9901 | -€45,657 | -€58,955 | -€13,298 | -29.1% |
| Financial income | 75/76B | €1 | €18 | +€17 | +3406.0% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +3406.0% |
| Financial charges | 65/66B | €133 | €1,522 | +€1,389 | +1042.3% |
| Recurring financial charges | 65 | €133 | €122 | -€12 | -8.6% |
| Non-recurring financial charges | 66B | - | €1,400 | +€1,400 | |
| Profit (loss) for the period before taxes | 9903 | -€45,790 | -€60,459 | -€14,670 | -32.0% |
| Income taxes | 67/77 | - | €34,174 | +€34,174 | |
| Profit (loss) for the period | 9904 | -€45,790 | -€94,634 | -€48,844 | -106.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,790 | -€94,634 | -€48,844 | -106.7% |
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.