LIGNA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€97,273
up €97,273 (+16.1%), from €604,601 to €701,875
of which Trade receivables: +€250,284
- Stocks and contracts -€79,286
down €79,286 (-39.5%), from €200,698 to €121,412
- Tangible fixed assets +€19,949
up €19,949 (+209.0%), from €9,544 to €29,492
- Deferred charges and accrued income +€13,472
up €13,472 (+1588.1%), from €848 to €14,320
- Cash -€12,265
down €12,265 (-86.3%), from €14,209 to €1,944
mainly Net result for the year (-€894,399) and Advances received (-€207,191)
- Other debts +€990,391
up €990,391 (+185.9%), from €532,884 to €1.5m
- Profit (loss) carried forward -€894,399
down €894,399 (-387.4%), from -€230,890 to -€1.1m
- Advances received -€207,191
down €207,191 (-51.7%), from €400,476 to €193,285
- Trade debts +€147,900
up €147,900 (+183.7%), from €80,519 to €228,419
- Gross operating margin -€740,655
down €740,655 (-588.0%), from -€125,960 to -€866,614
- Write-downs +€85,016
no longer reported in 2025 (was -€85,016)
- Financial charges +€22,839
up €22,839 (+166.1%), from €13,751 to €36,590
- Financial income -€11,241
down €11,241 (-41.8%), from €26,871 to €15,629
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 | €829,901 | €869,044 | +€39,143 | +4.7% |
| Fixed assets | 21/28 | €9,544 | €29,492 | +€19,949 | +209.0% |
| Tangible fixed assets | 22/27 | €9,544 | €29,492 | +€19,949 | +209.0% |
| Plant, machinery and equipment | 23 | €9,544 | €29,492 | +€19,949 | +209.0% |
| Current assets | 29/58 | €820,357 | €839,551 | +€19,194 | +2.3% |
| Stocks and contracts in progress | 3 | €200,698 | €121,412 | -€79,286 | -39.5% |
| Stocks | 30/36 | €200,698 | €121,412 | -€79,286 | -39.5% |
| Amounts receivable within one year | 40/41 | €604,601 | €701,875 | +€97,273 | +16.1% |
| Trade receivables | 40 | €438,316 | €688,600 | +€250,284 | +57.1% |
| Other amounts receivable | 41 | €166,285 | €13,275 | -€153,011 | -92.0% |
| Cash at bank and in hand | 54/58 | €14,209 | €1,944 | -€12,265 | -86.3% |
| Deferred charges and accrued income | 490/1 | €848 | €14,320 | +€13,472 | +1588.1% |
| Total equity and liabilities | 10/49 | €829,901 | €869,044 | +€39,143 | +4.7% |
| Equity | 10/15 | -€186,890 | -€1,081,289 | -€894,399 | -478.6% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,890 | -€1,125,289 | -€894,399 | -387.4% |
| Amounts payable | 17/49 | €1,016,791 | €1,950,333 | +€933,542 | +91.8% |
| Amounts payable within one year | 42/48 | €1,013,879 | €1,945,629 | +€931,749 | +91.9% |
| Financial debts | 43 | - | €76 | +€76 | |
| Credit institutions | 430/8 | - | €76 | +€76 | |
| Trade debts | 44 | €80,519 | €228,419 | +€147,900 | +183.7% |
| Suppliers | 440/4 | €80,519 | €228,419 | +€147,900 | +183.7% |
| Advances received on contracts in progress | 46 | €400,476 | €193,285 | -€207,191 | -51.7% |
| Taxes, remuneration and social security | 45 | - | €574 | +€574 | |
| Remuneration and social security | 454/9 | - | €574 | +€574 | |
| Other amounts payable | 47/48 | €532,884 | €1,523,275 | +€990,391 | +185.9% |
| Accrued charges and deferred income | 492/3 | €2,912 | €4,704 | +€1,793 | +61.6% |
| Remuneration, social security and pensions | 62 | -€277 | - | +€277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,884 | €6,161 | +€1,277 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€85,016 | - | +€85,016 | |
| Other operating charges | 640/8 | €482 | €663 | +€181 | +37.5% |
| Non-recurring operating charges | 66A | €85,150 | - | -€85,150 | |
| Gross operating margin | 9900 | -€125,960 | -€866,614 | -€740,655 | -588.0% |
| Operating profit (loss) | 9901 | -€131,183 | -€873,439 | -€742,256 | -565.8% |
| Financial income | 75/76B | €26,871 | €15,629 | -€11,241 | -41.8% |
| Recurring financial income | 75 | €26,871 | €15,629 | -€11,241 | -41.8% |
| Financial charges | 65/66B | €13,751 | €36,590 | +€22,839 | +166.1% |
| Recurring financial charges | 65 | €13,751 | €36,590 | +€22,839 | +166.1% |
| Profit (loss) for the period before taxes | 9903 | -€118,063 | -€894,399 | -€776,336 | -657.6% |
| Profit (loss) for the period | 9904 | -€118,063 | -€894,399 | -€776,336 | -657.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,063 | -€894,399 | -€776,336 | -657.6% |
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 28 September 2026 via checked.be.