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.
LIGNA
Largest movements
- Receivables within one year +€379,121
up €379,121 (+14.2%), from €2.7m to €3.0m
of which Trade receivables: +€379,099
- Stocks and contracts -€127,205
down €127,205 (-60.6%), from €209,786 to €82,581
- Reserves +€196,347
up €196,347 (+20.4%), from €961,350 to €1.2m
of which Distributable reserves: +€196,347
- Trade debts +€126,944
up €126,944 (+8.3%), from €1.5m to €1.7m
- Tax, wage and social debts -€45,198
down €45,198 (-20.3%), from €222,623 to €177,425
of which Taxes: -€43,941
- Gross operating margin -€42,269
down €42,269 (-5.8%), from €734,438 to €692,169
- Staff costs +€24,489
up €24,489 (+5.4%), from €456,826 to €481,315
- Taxes -€14,093
down €14,093 (-15.9%), from €88,666 to €74,573
- Financial income +€10,489
up €10,489 (+18.8%), from €55,722 to €66,210
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 | €2,878,197 | €3,152,033 | +€273,836 | +9.5% |
| Fixed assets | 21/28 | - | €12,359 | +€12,359 | |
| Tangible fixed assets | 22/27 | - | €12,359 | +€12,359 | |
| Land and buildings | 22 | - | €12,359 | +€12,359 | |
| Current assets | 29/58 | €2,878,197 | €3,139,674 | +€261,477 | +9.1% |
| Stocks and contracts in progress | 3 | €209,786 | €82,581 | -€127,205 | -60.6% |
| Stocks | 30/36 | €209,786 | €82,581 | -€127,205 | -60.6% |
| Amounts receivable within one year | 40/41 | €2,663,289 | €3,042,410 | +€379,121 | +14.2% |
| Trade receivables | 40 | €2,663,278 | €3,042,377 | +€379,099 | +14.2% |
| Other amounts receivable | 41 | €11 | €33 | +€22 | +211.0% |
| Cash at bank and in hand | 54/58 | €5,122 | €14,683 | +€9,561 | +186.7% |
| Total equity and liabilities | 10/49 | €2,878,197 | €3,152,033 | +€273,836 | +9.5% |
| Equity | 10/15 | €1,085,350 | €1,281,697 | +€196,347 | +18.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €961,350 | €1,157,697 | +€196,347 | +20.4% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €948,950 | €1,145,297 | +€196,347 | +20.7% |
| Amounts payable | 17/49 | €1,792,847 | €1,870,336 | +€77,489 | +4.3% |
| Amounts payable within one year | 42/48 | €1,772,259 | €1,870,336 | +€98,077 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,802 | +€15,802 | |
| Trade debts | 44 | €1,526,379 | €1,653,322 | +€126,944 | +8.3% |
| Suppliers | 440/4 | €1,526,379 | €1,653,322 | +€126,944 | +8.3% |
| Advances received on contracts in progress | 46 | €23,258 | €23,787 | +€529 | +2.3% |
| Taxes, remuneration and social security | 45 | €222,623 | €177,425 | -€45,198 | -20.3% |
| Taxes | 450/3 | €151,378 | €107,436 | -€43,941 | -29.0% |
| Remuneration and social security | 454/9 | €71,245 | €69,989 | -€1,257 | -1.8% |
| Accrued charges and deferred income | 492/3 | €20,588 | - | -€20,588 | |
| Non-recurring operating income | 76A | €406 | €1,215 | +€809 | +199.3% |
| Remuneration, social security and pensions | 62 | €456,826 | €481,315 | +€24,489 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €61 | +€61 | |
| Other operating charges | 640/8 | €942 | €2,192 | +€1,250 | +132.7% |
| Gross operating margin | 9900 | €734,438 | €692,169 | -€42,269 | -5.8% |
| Operating profit (loss) | 9901 | €276,670 | €208,600 | -€68,070 | -24.6% |
| Financial income | 75/76B | €55,722 | €66,210 | +€10,489 | +18.8% |
| Recurring financial income | 75 | €55,722 | €66,210 | +€10,489 | +18.8% |
| Financial charges | 65/66B | €2,000 | €3,891 | +€1,890 | +94.5% |
| Recurring financial charges | 65 | €2,000 | €3,891 | +€1,890 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | €330,392 | €270,920 | -€59,472 | -18.0% |
| Income taxes | 67/77 | €88,666 | €74,573 | -€14,093 | -15.9% |
| Profit (loss) for the period | 9904 | €241,726 | €196,347 | -€45,379 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €241,726 | €196,347 | -€45,379 | -18.8% |
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 6 October 2026 via checked.be.