LIGNA-parts: 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.
What changed
LIGNA-parts
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.2m
2024 · €248,949-€2.4m
Equity
€3.7m
2024 · €5.9m-€2.2m
Cash
€112,063
2024 · €389,270-€277,208
Balance sheet total
€15.1m
2024 · €12.4m+€2.7m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+30.0%), from €5.9m to €7.7m
of which Assets under construction and advance payments: +€1.9m
- Receivables within one year +€1.4m
up €1.4m (+36.7%), from €3.9m to €5.3m
of which Other amounts receivable: +€1.3m
- Cash -€277,208
down €277,208 (-71.2%), from €389,270 to €112,063
mainly Investment in fixed assets (net) (-€2.4m) and Net result for the year (-€2.2m)
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+164%), from €1.6m to €4.3m
of which Financial debts: +€2.7m
- Profit (loss) carried forward -€2.2m
down €2.2m (-77.0%), from €2.8m to €653,802
- Trade debts +€1.5m
up €1.5m (+259%), from €582,257 to €2.1m
- Current portion of long-term debt +€487,977
up €487,977 (+133%), from €367,054 to €855,031
- Advances received +€386,365
up €386,365 (+30.7%), from €1.3m to €1.6m
Income statement
- Goods and materials +€7.1m
up €7.1m (+58.7%), from €12.1m to €19.1m
of which Purchases: +€7.3m
- Turnover +€6.0m
up €6.0m (+38.0%), from €15.7m to €21.7m
- Services and other goods +€494,501
up €494,501 (+27.6%), from €1.8m to €2.3m
- Staff costs +€274,684
up €274,684 (+21.3%), from €1.3m to €1.6m
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
€248,949
Turnover
+€6.0m
Other operating income
+€29,784
Goods and materials
-€7.1m
Services and other goods
-€494,501
Staff costs
-€274,684
Depreciation
-€174,846
Write-downs
+€114,827
Other operating charges
-€149,339
Other operating items
-€386,789
Financial income
+€18,916
Financial charges
-€59,540
Taxes
-€2,502
Deferred taxes and other
+€45,927
Result 2025
-€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
-€852,558
Investment
-€2.4m
Financing
+€2.9m
Cash 2024
€389,270
From operations (derived)
-€852,558
Net result for the year
-€2.2m
Depreciation
+€691,737
Stocks and contracts
+€133,493
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€5,714
Trade debts
+€1.5m
Tax, wage and social debts
+€37,439
Advances received
+€386,365
Other debts
+€9,960
Accrued charges and deferred income
+€8,692
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€2.9m
Debts after one year
+€2.7m
Current portion of long-term debt
+€487,977
Short-term financial debts
-€224,035
Contributions, distributions and other
-€22,020
Cash 2025
€112,063
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,363,657 | €15,051,667 | +€2.7m | +21.7% |
| Fixed assets | 21/28 | €6,210,234 | €7,875,882 | +€1.7m | +26.8% |
| Intangible fixed assets | 21 | €295,635 | €193,237 | -€102,398 | -34.6% |
| Tangible fixed assets | 22/27 | €5,899,449 | €7,667,495 | +€1.8m | +30.0% |
| Land and buildings | 22 | €5,068,740 | €5,108,514 | +€39,774 | +0.8% |
| Plant, machinery and equipment | 23 | €360,014 | €426,569 | +€66,555 | +18.5% |
| Furniture and vehicles | 24 | €308,100 | €212,734 | -€95,366 | -31.0% |
| Leasing and similar rights | 25 | €162,595 | €33,899 | -€128,695 | -79.2% |
| Assets under construction and advance payments | 27 | - | €1,885,779 | +€1.9m | |
| Financial fixed assets | 28 | €15,150 | €15,150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,150 | €15,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,150 | €15,150 | = | 0.0% |
| Current assets | 29/58 | €6,153,424 | €7,175,784 | +€1.0m | +16.6% |
| Stocks and contracts in progress | 3 | €1,838,894 | €1,705,401 | -€133,493 | -7.3% |
| Stocks | 30/36 | €1,838,894 | €1,705,401 | -€133,493 | -7.3% |
| Raw materials and consumables | 30/31 | €956,211 | €1,159,735 | +€203,524 | +21.3% |
| Work in progress | 32 | €882,683 | €545,666 | -€337,018 | -38.2% |
| Amounts receivable within one year | 40/41 | €3,884,597 | €5,311,944 | +€1.4m | +36.7% |
| Trade receivables | 40 | €2,136,835 | €2,297,246 | +€160,411 | +7.5% |
| Other amounts receivable | 41 | €1,747,761 | €3,014,698 | +€1.3m | +72.5% |
| Cash at bank and in hand | 54/58 | €389,270 | €112,063 | -€277,208 | -71.2% |
| Deferred charges and accrued income | 490/1 | €40,662 | €46,376 | +€5,714 | +14.1% |
| Total equity and liabilities | 10/49 | €12,363,657 | €15,051,667 | +€2.7m | +21.7% |
| Equity | 10/15 | €5,919,805 | €3,704,153 | -€2.2m | -37.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,490,000 | €2,408,813 | -€81,187 | -3.3% |
| Reserves | 13 | €152,782 | €233,968 | +€81,187 | +53.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,782 | €137,782 | = | 0.0% |
| Distributable reserves | 133 | - | €81,187 | +€81,187 | |
| Profit (loss) carried forward | 14 | €2,847,433 | €653,802 | -€2.2m | -77.0% |
| Investment grants | 15 | €279,590 | €257,570 | -€22,020 | -7.9% |
| Provisions and deferred taxes | 16 | €45,927 | €45,927 | = | 0.0% |
| Deferred taxes | 168 | €45,927 | €45,927 | = | 0.0% |
| Amounts payable | 17/49 | €6,397,925 | €11,301,586 | +€4.9m | +76.6% |
| Amounts payable after more than one year | 17 | €1,638,040 | €4,328,853 | +€2.7m | +164% |
| Financial debts | 170/4 | €1,614,158 | €4,304,972 | +€2.7m | +167% |
| Subordinated loans | 170 | €220,000 | €86,667 | -€133,333 | -60.6% |
| Credit institutions | 173 | €1,394,158 | €4,218,305 | +€2.8m | +203% |
| Other amounts payable | 178/9 | €23,881 | €23,881 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,748,589 | €6,952,744 | +€2.2m | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €367,054 | €855,031 | +€487,977 | +133% |
| Financial debts | 43 | €2,050,230 | €1,826,195 | -€224,035 | -10.9% |
| Credit institutions | 430/8 | €2,050,230 | €1,826,195 | -€224,035 | -10.9% |
| Trade debts | 44 | €582,257 | €2,088,705 | +€1.5m | +259% |
| Suppliers | 440/4 | €582,257 | €2,088,705 | +€1.5m | +259% |
| Advances received on contracts in progress | 46 | €1,260,351 | €1,646,716 | +€386,365 | +30.7% |
| Taxes, remuneration and social security | 45 | €161,177 | €198,617 | +€37,439 | +23.2% |
| Taxes | 450/3 | €17,637 | €26,891 | +€9,254 | +52.5% |
| Remuneration and social security | 454/9 | €143,541 | €171,726 | +€28,185 | +19.6% |
| Other amounts payable | 47/48 | €327,520 | €337,480 | +€9,960 | +3.0% |
| Accrued charges and deferred income | 492/3 | €11,297 | €19,989 | +€8,692 | +76.9% |
| Operating income | 70/76A | €16,275,562 | €21,893,197 | +€5.6m | +34.5% |
| Turnover | 70 | €15,724,889 | €21,699,529 | +€6.0m | +38.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €6,912 | -€337,018 | -€343,930 | |
| Own construction capitalised | 72 | €222,612 | €374,001 | +€151,388 | +68.0% |
| Other operating income | 74 | €124,400 | €154,184 | +€29,784 | +23.9% |
| Non-recurring operating income | 76A | €196,748 | €2,500 | -€194,248 | -98.7% |
| Operating charges | 60/66A | €16,002,656 | €24,065,673 | +€8.1m | +50.4% |
| Goods for resale, raw materials and consumables | 60 | €12,065,125 | €19,149,600 | +€7.1m | +58.7% |
| Purchases | 600/8 | €12,009,415 | €19,330,632 | +€7.3m | +61.0% |
| Change in stocks: decrease (increase) | 609 | €55,710 | -€181,032 | -€236,742 | |
| Services and other goods | 61 | €1,791,342 | €2,285,843 | +€494,501 | +27.6% |
| Remuneration, social security and pensions | 62 | €1,286,996 | €1,561,680 | +€274,684 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516,891 | €691,737 | +€174,846 | +33.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €305,337 | €190,510 | -€114,827 | -37.6% |
| Other operating charges | 640/8 | €36,966 | €186,305 | +€149,339 | +404% |
| Operating profit (loss) | 9901 | €272,905 | -€2,172,477 | -€2.4m | |
| Financial income | 75/76B | €185,343 | €204,258 | +€18,916 | +10.2% |
| Recurring financial income | 75 | €185,343 | €204,258 | +€18,916 | +10.2% |
| Income from current assets | 751 | €17,950 | €46,248 | +€28,298 | +158% |
| Other financial income | 752/9 | €167,392 | €158,010 | -€9,382 | -5.6% |
| Financial charges | 65/66B | €164,321 | €223,861 | +€59,540 | +36.2% |
| Recurring financial charges | 65 | €164,321 | €223,861 | +€59,540 | +36.2% |
| Debt charges | 650 | €115,870 | €184,669 | +€68,799 | +59.4% |
| Other financial charges | 652/9 | €48,451 | €39,192 | -€9,259 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €293,927 | -€2,192,079 | -€2.5m | |
| Transfer to deferred taxes | 680 | €45,927 | - | -€45,927 | |
| Income taxes | 67/77 | -€949 | €1,553 | +€2,502 | |
| Taxes | 670/3 | €710 | €1,553 | +€842 | +119% |
| Tax adjustments and reversals of tax provisions | 77 | €1,660 | - | -€1,660 | |
| Profit (loss) for the period | 9904 | €248,949 | -€2,193,632 | -€2.4m | |
| Transfer to tax-exempt reserves | 689 | €137,782 | - | -€137,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,167 | -€2,193,632 | -€2.3m |
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 25 October 2026 via checked.be.