Ligna: what changed
Two fiscal 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.
What changed
Ligna
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€864,610
2024 · €938,809-€74,199
Equity
€3.0m
2024 · €3.0m+€64,610
Cash
€569,389
2024 · €670,670-€101,281
Balance sheet total
€6.8m
2024 · €6.6m+€225,856
Largest movements
Assets
- Stocks and contracts +€210,463
up €210,463 (+17.5%), from €1.2m to €1.4m
- Receivables after one year +€183,619
up €183,619 (+12.5%), from €1.5m to €1.7m
- Cash -€101,281
down €101,281 (-15.1%), from €670,670 to €569,389
mainly Contributions, distributions and other (-€800,000) and Stocks and contracts (-€210,463)
Equity and liabilities
- Trade debts +€197,957
up €197,957 (+15.1%), from €1.3m to €1.5m
Income statement
- Goods and materials +€393,141
up €393,141 (+5.7%), from €6.9m to €7.3m
of which Purchases: +€634,041
- Turnover +€368,138
up €368,138 (+3.3%), from €11.0m to €11.4m
- Services and other goods +€158,339
up €158,339 (+9.7%), from €1.6m to €1.8m
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.
Result 2024
€938,809
Turnover
+€368,138
Other operating income
+€35,756
Goods and materials
-€393,141
Services and other goods
-€158,339
Staff costs
-€61,181
Depreciation
+€19,014
Other operating charges
-€11,121
Other operating items
+€111,888
Financial income
-€17,255
Financial charges
+€11,563
Taxes
+€20,478
Result 2025
€864,610
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.
From operations
+€801,153
Investment
-€132,524
Financing
-€769,910
Cash 2024
€670,670
From operations (derived)
+€801,153
Net result for the year
+€864,610
Depreciation
+€191,207
Receivables after one year
-€183,619
Stocks and contracts
-€210,463
Receivables within one year
-€1,660
Deferred charges and accrued income
+€9,921
Trade debts
+€197,957
Tax, wage and social debts
-€13,498
Other debts
-€50,000
Accrued charges and deferred income
-€3,304
Investment (derived)
-€132,524
Investment in fixed assets (net)
-€132,524
Financing
-€769,910
Debts after one year
+€4,249
Current portion of long-term debt
+€55,726
Short-term financial debts
-€29,885
Contributions, distributions and other
-€800,000
Cash 2025
€569,389
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,550,240 | €6,776,096 | +€225,856 | +3.4% |
| Fixed assets | 21/28 | €710,507 | €651,824 | -€58,683 | -8.3% |
| Tangible fixed assets | 22/27 | €691,165 | €632,481 | -€58,683 | -8.5% |
| Land and buildings | 22 | €228,483 | €182,723 | -€45,760 | -20.0% |
| Plant, machinery and equipment | 23 | €74,938 | €55,361 | -€19,577 | -26.1% |
| Furniture and vehicles | 24 | €114,135 | €138,246 | +€24,111 | +21.1% |
| Other tangible fixed assets | 26 | €273,609 | €256,151 | -€17,458 | -6.4% |
| Financial fixed assets | 28 | €19,342 | €19,342 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,342 | €19,342 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €19,342 | €19,342 | = | 0.0% |
| Current assets | 29/58 | €5,839,734 | €6,124,273 | +€284,539 | +4.9% |
| Amounts receivable after more than one year | 29 | €1,469,106 | €1,652,724 | +€183,619 | +12.5% |
| Other amounts receivable | 291 | €1,469,106 | €1,652,724 | +€183,619 | +12.5% |
| Stocks and contracts in progress | 3 | €1,199,739 | €1,410,203 | +€210,463 | +17.5% |
| Stocks | 30/36 | €1,199,739 | €1,410,203 | +€210,463 | +17.5% |
| Goods purchased for resale | 34 | €1,199,739 | €1,410,203 | +€210,463 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,457,093 | €2,458,752 | +€1,660 | +0.1% |
| Trade receivables | 40 | €2,156,186 | €2,426,097 | +€269,911 | +12.5% |
| Other amounts receivable | 41 | €300,907 | €32,655 | -€268,252 | -89.1% |
| Cash at bank and in hand | 54/58 | €670,670 | €569,389 | -€101,281 | -15.1% |
| Deferred charges and accrued income | 490/1 | €43,126 | €33,205 | -€9,921 | -23.0% |
| Total equity and liabilities | 10/49 | €6,550,240 | €6,776,096 | +€225,856 | +3.4% |
| Equity | 10/15 | €2,981,974 | €3,046,585 | +€64,610 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,919,974 | €2,984,585 | +€64,610 | +2.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,913,774 | €2,978,385 | +€64,610 | +2.2% |
| Amounts payable | 17/49 | €3,568,266 | €3,729,512 | +€161,246 | +4.5% |
| Amounts payable after more than one year | 17 | €856,197 | €860,447 | +€4,249 | +0.5% |
| Financial debts | 170/4 | €856,197 | €860,447 | +€4,249 | +0.5% |
| Credit institutions | 173 | €856,197 | €860,447 | +€4,249 | +0.5% |
| Amounts payable within one year | 42/48 | €2,706,294 | €2,866,594 | +€160,300 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €154,096 | €209,822 | +€55,726 | +36.2% |
| Financial debts | 43 | €124,620 | €94,735 | -€29,885 | -24.0% |
| Credit institutions | 430/8 | €124,620 | €94,735 | -€29,885 | -24.0% |
| Trade debts | 44 | €1,311,191 | €1,509,147 | +€197,957 | +15.1% |
| Suppliers | 440/4 | €1,311,191 | €1,509,147 | +€197,957 | +15.1% |
| Taxes, remuneration and social security | 45 | €266,387 | €252,890 | -€13,498 | -5.1% |
| Taxes | 450/3 | €114,173 | €101,836 | -€12,337 | -10.8% |
| Remuneration and social security | 454/9 | €152,214 | €151,054 | -€1,161 | -0.8% |
| Other amounts payable | 47/48 | €850,000 | €800,000 | -€50,000 | -5.9% |
| Accrued charges and deferred income | 492/3 | €5,775 | €2,471 | -€3,304 | -57.2% |
| Operating income | 70/76A | €11,287,348 | €11,803,130 | +€515,782 | +4.6% |
| Turnover | 70 | €11,022,431 | €11,390,570 | +€368,138 | +3.3% |
| Other operating income | 74 | €264,917 | €300,672 | +€35,756 | +13.5% |
| Non-recurring operating income | 76A | €0 | €111,888 | +€111,888 | |
| Operating charges | 60/66A | €9,957,217 | €10,561,984 | +€604,767 | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €6,881,161 | €7,274,302 | +€393,141 | +5.7% |
| Purchases | 600/8 | €6,850,724 | €7,484,765 | +€634,041 | +9.3% |
| Change in stocks: decrease (increase) | 609 | €30,437 | -€210,463 | -€240,900 | |
| Services and other goods | 61 | €1,635,033 | €1,793,371 | +€158,339 | +9.7% |
| Remuneration, social security and pensions | 62 | €1,204,520 | €1,265,701 | +€61,181 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,221 | €191,207 | -€19,014 | -9.0% |
| Other operating charges | 640/8 | €26,283 | €37,403 | +€11,121 | +42.3% |
| Operating profit (loss) | 9901 | €1,330,131 | €1,241,146 | -€88,985 | -6.7% |
| Financial income | 75/76B | €31,433 | €14,178 | -€17,255 | -54.9% |
| Recurring financial income | 75 | €31,433 | €14,178 | -€17,255 | -54.9% |
| Income from current assets | 751 | €30,489 | €13,961 | -€16,528 | -54.2% |
| Other financial income | 752/9 | €945 | €217 | -€727 | -77.0% |
| Financial charges | 65/66B | €80,755 | €69,192 | -€11,563 | -14.3% |
| Recurring financial charges | 65 | €80,755 | €69,192 | -€11,563 | -14.3% |
| Debt charges | 650 | €72,238 | €60,445 | -€11,792 | -16.3% |
| Other financial charges | 652/9 | €8,517 | €8,747 | +€230 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,280,809 | €1,186,132 | -€94,677 | -7.4% |
| Income taxes | 67/77 | €342,000 | €321,522 | -€20,478 | -6.0% |
| Taxes | 670/3 | €342,000 | €364,723 | +€22,723 | +6.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €43,201 | +€43,201 | |
| Profit (loss) for the period | 9904 | €938,809 | €864,610 | -€74,199 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €938,809 | €864,610 | -€74,199 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.