Lignorum: 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.
Lignorum
Largest movements
- Receivables after one year +€32,798
new in 2025: €32,798
- Cash +€20,679
up €20,679 (+42.3%), from €48,889 to €69,567
mainly Net result for the year (+€49,912) and Accrued charges and deferred income (+€9,362)
- Tangible fixed assets +€5,908
new in 2025: €5,908
- Receivables within one year -€2,835
down €2,835 (-17.4%), from €16,335 to €13,500
- Reserves +€49,912
up €49,912 (+122.4%), from €40,773 to €90,685
- Accrued charges and deferred income +€9,362
up €9,362 (+240.0%), from €3,901 to €13,263
- Other debts -€1,505
no longer reported in 2025 (was €1,505)
- Gross operating margin +€12,323
up €12,323 (+24.1%), from €51,213 to €63,536
- Taxes +€2,913
up €2,913 (+27.9%), from €10,440 to €13,352
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 | €65,224 | €121,773 | +€56,550 | +86.7% |
| Fixed assets | 21/28 | - | €5,908 | +€5,908 | |
| Tangible fixed assets | 22/27 | - | €5,908 | +€5,908 | |
| Furniture and vehicles | 24 | - | €5,908 | +€5,908 | |
| Current assets | 29/58 | €65,224 | €115,866 | +€50,642 | +77.6% |
| Amounts receivable after more than one year | 29 | - | €32,798 | +€32,798 | |
| Other amounts receivable | 291 | - | €32,798 | +€32,798 | |
| Amounts receivable within one year | 40/41 | €16,335 | €13,500 | -€2,835 | -17.4% |
| Trade receivables | 40 | €16,335 | €13,500 | -€2,835 | -17.4% |
| Cash at bank and in hand | 54/58 | €48,889 | €69,567 | +€20,679 | +42.3% |
| Total equity and liabilities | 10/49 | €65,224 | €121,773 | +€56,550 | +86.7% |
| Equity | 10/15 | €40,873 | €90,785 | +€49,912 | +122.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €40,773 | €90,685 | +€49,912 | +122.4% |
| Distributable reserves | 133 | €40,773 | €90,685 | +€49,912 | +122.4% |
| Amounts payable | 17/49 | €24,350 | €30,988 | +€6,638 | +27.3% |
| Amounts payable within one year | 42/48 | €20,449 | €17,726 | -€2,724 | -13.3% |
| Trade debts | 44 | €517 | €466 | -€52 | -10.0% |
| Suppliers | 440/4 | €517 | €466 | -€52 | -10.0% |
| Taxes, remuneration and social security | 45 | €18,427 | €17,260 | -€1,167 | -6.3% |
| Taxes | 450/3 | €18,427 | €17,260 | -€1,167 | -6.3% |
| Other amounts payable | 47/48 | €1,505 | - | -€1,505 | |
| Accrued charges and deferred income | 492/3 | €3,901 | €13,263 | +€9,362 | +240.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €236 | +€236 | |
| Other operating charges | 640/8 | - | €24 | +€24 | |
| Gross operating margin | 9900 | €51,213 | €63,536 | +€12,323 | +24.1% |
| Operating profit (loss) | 9901 | €51,213 | €63,276 | +€12,064 | +23.6% |
| Financial charges | 65/66B | - | €12 | +€12 | |
| Recurring financial charges | 65 | - | €12 | +€12 | |
| Profit (loss) for the period before taxes | 9903 | €51,213 | €63,264 | +€12,051 | +23.5% |
| Income taxes | 67/77 | €10,440 | €13,352 | +€2,913 | +27.9% |
| Profit (loss) for the period | 9904 | €40,773 | €49,912 | +€9,138 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,773 | €49,912 | +€9,138 | +22.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.