LIGNA RECTA: 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 RECTA
Largest movements
- Stocks and contracts -€122,040
down €122,040 (-100.0%), from €122,040 to €0
of which Contracts in progress: -€110,011
- Tangible fixed assets -€83,981
down €83,981 (-11.9%), from €706,992 to €623,011
- Cash +€55,038
up €55,038 (+86.3%), from €63,803 to €118,841
mainly Other debts (+€201,604) and Stocks and contracts (+€122,040)
- Advances received -€243,183
down €243,183 (-100.0%), from €243,183 to €0
- Other debts +€201,604
up €201,604 (+7617.3%), from €2,647 to €204,250
- Debts after one year -€65,720
down €65,720 (-26.7%), from €246,555 to €180,835
- Tax, wage and social debts -€36,388
down €36,388 (-80.4%), from €45,285 to €8,897
of which Taxes: -€20,348
- Accrued charges and deferred income -€28,075
down €28,075 (-92.9%), from €30,231 to €2,155
- Staff costs -€47,483
down €47,483 (-37.9%), from €125,216 to €77,733
- Gross operating margin -€31,496
down €31,496 (-13.1%), from €240,081 to €208,585
- Financial charges +€13,887
up €13,887 (+97.1%), from €14,302 to €28,189
- Depreciation -€3,472
down €3,472 (-3.9%), from €89,597 to €86,124
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,165 | €912,846 | -€153,319 | -14.4% |
| Fixed assets | 21/28 | €707,762 | €623,781 | -€83,981 | -11.9% |
| Tangible fixed assets | 22/27 | €706,992 | €623,011 | -€83,981 | -11.9% |
| Land and buildings | 22 | €594,030 | €562,350 | -€31,681 | -5.3% |
| Plant, machinery and equipment | 23 | €1,498 | €1,148 | -€350 | -23.4% |
| Furniture and vehicles | 24 | €55,478 | €28,372 | -€27,106 | -48.9% |
| Other tangible fixed assets | 26 | €55,986 | €31,142 | -€24,845 | -44.4% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €358,403 | €289,065 | -€69,338 | -19.3% |
| Stocks and contracts in progress | 3 | €122,040 | €0 | -€122,040 | -100.0% |
| Stocks | 30/36 | €12,029 | €0 | -€12,029 | -100.0% |
| Contracts in progress | 37 | €110,011 | €0 | -€110,011 | -100.0% |
| Amounts receivable within one year | 40/41 | €161,956 | €163,148 | +€1,191 | +0.7% |
| Trade receivables | 40 | €161,850 | €163,148 | +€1,298 | +0.8% |
| Other amounts receivable | 41 | €106 | €0 | -€106 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,803 | €118,841 | +€55,038 | +86.3% |
| Deferred charges and accrued income | 490/1 | €10,604 | €7,077 | -€3,527 | -33.3% |
| Total equity and liabilities | 10/49 | €1,066,165 | €912,846 | -€153,319 | -14.4% |
| Equity | 10/15 | €214,640 | €220,753 | +€6,112 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €13,145 | +€6,945 | +112.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €6,945 | +€6,945 | |
| Profit (loss) carried forward | 14 | €146,440 | €145,607 | -€833 | -0.6% |
| Provisions and deferred taxes | 16 | €7,444 | €7,444 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,444 | €7,444 | = | 0.0% |
| Major repairs and maintenance | 162 | €7,444 | €7,444 | = | 0.0% |
| Amounts payable | 17/49 | €844,080 | €684,649 | -€159,431 | -18.9% |
| Amounts payable after more than one year | 17 | €246,555 | €180,835 | -€65,720 | -26.7% |
| Financial debts | 170/4 | €246,555 | €180,835 | -€65,720 | -26.7% |
| Amounts payable within one year | 42/48 | €567,294 | €501,659 | -€65,636 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €69,584 | €65,720 | -€3,864 | -5.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €6,595 | €22,791 | +€16,196 | +245.6% |
| Suppliers | 440/4 | €6,595 | €22,791 | +€16,196 | +245.6% |
| Advances received on contracts in progress | 46 | €243,183 | €0 | -€243,183 | -100.0% |
| Taxes, remuneration and social security | 45 | €45,285 | €8,897 | -€36,388 | -80.4% |
| Taxes | 450/3 | €27,945 | €7,597 | -€20,348 | -72.8% |
| Remuneration and social security | 454/9 | €17,340 | €1,300 | -€16,040 | -92.5% |
| Other amounts payable | 47/48 | €2,647 | €204,250 | +€201,604 | +7617.3% |
| Accrued charges and deferred income | 492/3 | €30,231 | €2,155 | -€28,075 | -92.9% |
| Non-recurring operating income | 76A | - | €30,231 | +€30,231 | |
| Remuneration, social security and pensions | 62 | €125,216 | €77,733 | -€47,483 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,597 | €86,124 | -€3,472 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,750 | €9,201 | +€452 | +5.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €240,081 | €208,585 | -€31,496 | -13.1% |
| Operating profit (loss) | 9901 | €16,519 | €35,527 | +€19,008 | +115.1% |
| Financial income | 75/76B | €5,181 | €6,836 | +€1,655 | +31.9% |
| Recurring financial income | 75 | €5,181 | €6,836 | +€1,655 | +31.9% |
| Financial charges | 65/66B | €14,302 | €28,189 | +€13,887 | +97.1% |
| Recurring financial charges | 65 | €14,302 | €28,189 | +€13,887 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €7,398 | €14,173 | +€6,776 | +91.6% |
| Income taxes | 67/77 | €7,091 | €7,228 | +€136 | +1.9% |
| Profit (loss) for the period | 9904 | €306 | €6,945 | +€6,639 | +2168.5% |
| Profit (loss) for the period to be appropriated | 9905 | €306 | €6,945 | +€6,639 | +2168.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.