LIGNATIO: 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.
LIGNATIO
Largest movements
- Cash +€131,200
up €131,200 (+142.1%), from €92,336 to €223,535
mainly Net result for the year (+€94,613) and Other debts (+€78,454)
- Current investments -€18,988
down €18,988 (-6.8%), from €278,222 to €259,235
- Receivables within one year +€16,760
up €16,760 (+9.4%), from €178,006 to €194,767
of which Trade receivables: +€16,760
- Tangible fixed assets -€10,532
down €10,532 (-15.3%), from €68,648 to €58,116
of which Land and buildings: -€7,994
- Other debts +€78,454
up €78,454 (+9567.6%), from €820 to €79,274
- Reserves +€20,145
up €20,145 (+3.2%), from €633,540 to €653,685
of which Distributable reserves: +€20,145
- Trade debts +€10,793
up €10,793 (+106.8%), from €10,108 to €20,901
- Depreciation -€7,766
down €7,766 (-36.3%), from €21,381 to €13,615
- Gross operating margin +€6,381
up €6,381 (+4.6%), from €140,241 to €146,622
- Taxes +€4,923
up €4,923 (+14.1%), from €34,835 to €39,758
- Financial income +€2,320
up €2,320 (+268.1%), from €865 to €3,186
- Other operating charges -€2,094
down €2,094 (-67.2%), from €3,117 to €1,023
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 | €659,948 | €778,785 | +€118,837 | +18.0% |
| Fixed assets | 21/28 | €105,148 | €94,616 | -€10,532 | -10.0% |
| Tangible fixed assets | 22/27 | €68,648 | €58,116 | -€10,532 | -15.3% |
| Land and buildings | 22 | €51,678 | €43,684 | -€7,994 | -15.5% |
| Furniture and vehicles | 24 | €13,082 | €10,974 | -€2,108 | -16.1% |
| Other tangible fixed assets | 26 | €3,887 | €3,458 | -€429 | -11.0% |
| Financial fixed assets | 28 | €36,500 | €36,500 | = | 0.0% |
| Current assets | 29/58 | €554,801 | €684,169 | +€129,369 | +23.3% |
| Amounts receivable within one year | 40/41 | €178,006 | €194,767 | +€16,760 | +9.4% |
| Trade receivables | 40 | €51,738 | €68,498 | +€16,760 | +32.4% |
| Other amounts receivable | 41 | €126,268 | €126,268 | = | 0.0% |
| Current investments | 50/53 | €278,222 | €259,235 | -€18,988 | -6.8% |
| Cash at bank and in hand | 54/58 | €92,336 | €223,535 | +€131,200 | +142.1% |
| Deferred charges and accrued income | 490/1 | €6,236 | €6,632 | +€396 | +6.3% |
| Total equity and liabilities | 10/49 | €659,948 | €778,785 | +€118,837 | +18.0% |
| Equity | 10/15 | €639,740 | €659,885 | +€20,145 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €633,540 | €653,685 | +€20,145 | +3.2% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €632,920 | €653,065 | +€20,145 | +3.2% |
| Amounts payable | 17/49 | €20,208 | €118,900 | +€98,692 | +488.4% |
| Amounts payable within one year | 42/48 | €20,208 | €118,900 | +€98,692 | +488.4% |
| Trade debts | 44 | €10,108 | €20,901 | +€10,793 | +106.8% |
| Suppliers | 440/4 | €10,108 | €20,901 | +€10,793 | +106.8% |
| Advances received on contracts in progress | 46 | - | €1,755 | +€1,755 | |
| Taxes, remuneration and social security | 45 | €9,280 | €16,970 | +€7,690 | +82.9% |
| Taxes | 450/3 | €9,280 | €16,970 | +€7,690 | +82.9% |
| Other amounts payable | 47/48 | €820 | €79,274 | +€78,454 | +9567.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,381 | €13,615 | -€7,766 | -36.3% |
| Other operating charges | 640/8 | €3,117 | €1,023 | -€2,094 | -67.2% |
| Gross operating margin | 9900 | €140,241 | €146,622 | +€6,381 | +4.6% |
| Operating profit (loss) | 9901 | €115,742 | €131,984 | +€16,241 | +14.0% |
| Financial income | 75/76B | €865 | €3,186 | +€2,320 | +268.1% |
| Recurring financial income | 75 | €865 | €3,186 | +€2,320 | +268.1% |
| Financial charges | 65/66B | €998 | €798 | -€199 | -20.0% |
| Recurring financial charges | 65 | €998 | €798 | -€199 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €115,610 | €134,371 | +€18,761 | +16.2% |
| Income taxes | 67/77 | €34,835 | €39,758 | +€4,923 | +14.1% |
| Profit (loss) for the period | 9904 | €80,775 | €94,613 | +€13,838 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,775 | €94,613 | +€13,838 | +17.1% |
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.