Lignitech: 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.
Lignitech
Largest movements
- Receivables within one year +€18,454
up €18,454 (+93.7%), from €19,697 to €38,151
of which Other amounts receivable: +€17,472
- Tangible fixed assets -€10,120
down €10,120 (-28.8%), from €35,080 to €24,960
of which Furniture and vehicles: -€8,730
- Cash -€7,742
down €7,742 (-33.9%), from €22,815 to €15,073
mainly Receivables within one year (-€18,454) and Trade debts (-€13,336)
- Deferred charges and accrued income -€2,564
down €2,564 (-34.0%), from €7,536 to €4,972
- Reserves +€17,847
up €17,847 (+74.0%), from €24,116 to €41,963
- Trade debts -€13,336
down €13,336 (-78.7%), from €16,938 to €3,602
- Debts after one year -€6,863
down €6,863 (-74.4%), from €9,219 to €2,356
- Gross operating margin +€26,002
up €26,002 (+192%), from €13,575 to €39,577
- Taxes +€6,908
up €6,908 (+398%), from €1,737 to €8,645
- Depreciation +€2,004
up €2,004 (+26.2%), from €7,650 to €9,654
- Financial charges +€1,025
up €1,025 (+98.8%), from €1,037 to €2,061
- Financial income +€713
up €713 (+6,477%), from €11 to €724
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,128 | €83,156 | -€1,972 | -2.3% |
| Fixed assets | 21/28 | €35,080 | €24,960 | -€10,120 | -28.8% |
| Tangible fixed assets | 22/27 | €35,080 | €24,960 | -€10,120 | -28.8% |
| Plant, machinery and equipment | 23 | €1,298 | €573 | -€726 | -55.9% |
| Furniture and vehicles | 24 | €27,447 | €18,717 | -€8,730 | -31.8% |
| Other tangible fixed assets | 26 | €6,334 | €5,671 | -€664 | -10.5% |
| Current assets | 29/58 | €50,048 | €58,196 | +€8,148 | +16.3% |
| Amounts receivable within one year | 40/41 | €19,697 | €38,151 | +€18,454 | +93.7% |
| Trade receivables | 40 | €18,915 | €19,897 | +€982 | +5.2% |
| Other amounts receivable | 41 | €782 | €18,255 | +€17,472 | +2,234% |
| Cash at bank and in hand | 54/58 | €22,815 | €15,073 | -€7,742 | -33.9% |
| Deferred charges and accrued income | 490/1 | €7,536 | €4,972 | -€2,564 | -34.0% |
| Total equity and liabilities | 10/49 | €85,128 | €83,156 | -€1,972 | -2.3% |
| Equity | 10/15 | €29,116 | €46,963 | +€17,847 | +61.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,116 | €41,963 | +€17,847 | +74.0% |
| Distributable reserves | 133 | €24,116 | €41,963 | +€17,847 | +74.0% |
| Amounts payable | 17/49 | €56,011 | €36,193 | -€19,819 | -35.4% |
| Amounts payable after more than one year | 17 | €9,219 | €2,356 | -€6,863 | -74.4% |
| Financial debts | 170/4 | €9,219 | €2,356 | -€6,863 | -74.4% |
| Amounts payable within one year | 42/48 | €43,614 | €31,192 | -€12,423 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €6,564 | €6,863 | +€299 | +4.6% |
| Trade debts | 44 | €16,938 | €3,602 | -€13,336 | -78.7% |
| Suppliers | 440/4 | €16,938 | €3,602 | -€13,336 | -78.7% |
| Taxes, remuneration and social security | 45 | €20,113 | €20,727 | +€614 | +3.1% |
| Taxes | 450/3 | €19,034 | €20,727 | +€1,693 | +8.9% |
| Remuneration and social security | 454/9 | €1,079 | - | -€1,079 | |
| Accrued charges and deferred income | 492/3 | €3,178 | €2,644 | -€533 | -16.8% |
| Non-recurring operating income | 76A | - | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €9,654 | +€2,004 | +26.2% |
| Other operating charges | 640/8 | €1,877 | €1,871 | -€6 | -0.3% |
| Non-recurring operating charges | 66A | - | €224 | +€224 | |
| Gross operating margin | 9900 | €13,575 | €39,577 | +€26,002 | +192% |
| Operating profit (loss) | 9901 | €4,048 | €27,829 | +€23,781 | +587% |
| Financial income | 75/76B | €11 | €724 | +€713 | +6,477% |
| Recurring financial income | 75 | €11 | €724 | +€713 | +6,477% |
| Financial charges | 65/66B | €1,037 | €2,061 | +€1,025 | +98.8% |
| Recurring financial charges | 65 | €1,037 | €2,061 | +€1,025 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €3,022 | €26,491 | +€23,469 | +777% |
| Income taxes | 67/77 | €1,737 | €8,645 | +€6,908 | +398% |
| Profit (loss) for the period | 9904 | €1,285 | €17,847 | +€16,562 | +1,289% |
| Profit (loss) for the period to be appropriated | 9905 | €1,285 | €17,847 | +€16,562 | +1,289% |
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 29 October 2026 via checked.be.