LIGNUM: 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.
LIGNUM
Largest movements
- Tangible fixed assets -€147,374
down €147,374 (-2.4%), from €6.2m to €6.0m
of which Land and buildings: -€159,826
- Cash +€120,318
up €120,318 (+201%), from €59,728 to €180,047
mainly Net result for the year (+€700,538) and Other debts (+€427,283)
- Current investments -€98,009
down €98,009 (-100%), from €98,009 to €0
- Current portion of long-term debt -€1.0m
down €1.0m (-99.1%), from €1.0m to €8,984
- Reserves +€700,538
up €700,538 (+22.3%), from €3.1m to €3.8m
of which Tax-exempt reserves: +€408,370
- Other debts +€427,283
up €427,283 (+28.1%), from €1.5m to €1.9m
- Short-term financial debts -€251,240
down €251,240 (-50.1%), from €501,240 to €250,000
- Accrued charges and deferred income +€94,618
up €94,618 (+1,037%), from €9,122 to €103,740
- Financial charges -€54,743
down €54,743 (-26.6%), from €205,940 to €151,197
- Depreciation -€44,623
down €44,623 (-16.5%), from €269,970 to €225,347
- Gross operating margin -€42,173
down €42,173 (-3.0%), from €1.4m to €1.3m
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 | €6,348,723 | €6,280,924 | -€67,800 | -1.1% |
| Fixed assets | 21/28 | €6,159,093 | €6,011,718 | -€147,374 | -2.4% |
| Tangible fixed assets | 22/27 | €6,158,993 | €6,011,618 | -€147,374 | -2.4% |
| Land and buildings | 22 | €6,030,063 | €5,870,236 | -€159,826 | -2.7% |
| Plant, machinery and equipment | 23 | €91,438 | €73,750 | -€17,689 | -19.3% |
| Furniture and vehicles | 24 | €37,492 | €67,632 | +€30,140 | +80.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €189,631 | €269,206 | +€79,575 | +42.0% |
| Amounts receivable within one year | 40/41 | €5,820 | €27,803 | +€21,984 | +378% |
| Trade receivables | 40 | €4,586 | €16,174 | +€11,589 | +253% |
| Other amounts receivable | 41 | €1,234 | €11,629 | +€10,395 | +842% |
| Current investments | 50/53 | €98,009 | €0 | -€98,009 | -100% |
| Cash at bank and in hand | 54/58 | €59,728 | €180,047 | +€120,318 | +201% |
| Deferred charges and accrued income | 490/1 | €26,074 | €61,355 | +€35,281 | +135% |
| Total equity and liabilities | 10/49 | €6,348,723 | €6,280,924 | -€67,800 | -1.1% |
| Equity | 10/15 | €3,157,874 | €3,858,412 | +€700,538 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,139,274 | €3,839,812 | +€700,538 | +22.3% |
| Tax-exempt reserves | 132 | €374,690 | €783,060 | +€408,370 | +109% |
| Distributable reserves | 133 | €2,764,584 | €3,056,752 | +€292,168 | +10.6% |
| Amounts payable | 17/49 | €3,190,849 | €2,422,512 | -€768,337 | -24.1% |
| Amounts payable after more than one year | 17 | €8,984 | €0 | -€8,984 | -100% |
| Financial debts | 170/4 | €8,984 | €0 | -€8,984 | -100% |
| Amounts payable within one year | 42/48 | €3,172,743 | €2,318,772 | -€853,971 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €1,023,418 | €8,984 | -€1.0m | -99.1% |
| Financial debts | 43 | €501,240 | €250,000 | -€251,240 | -50.1% |
| Credit institutions | 430/8 | €501,240 | €250,000 | -€251,240 | -50.1% |
| Trade debts | 44 | €9,982 | €10,702 | +€720 | +7.2% |
| Suppliers | 440/4 | €9,982 | €10,702 | +€720 | +7.2% |
| Taxes, remuneration and social security | 45 | €116,578 | €100,278 | -€16,300 | -14.0% |
| Taxes | 450/3 | €116,578 | €100,278 | -€16,300 | -14.0% |
| Other amounts payable | 47/48 | €1,521,524 | €1,948,807 | +€427,283 | +28.1% |
| Accrued charges and deferred income | 492/3 | €9,122 | €103,740 | +€94,618 | +1,037% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,970 | €225,347 | -€44,623 | -16.5% |
| Other operating charges | 640/8 | €5,295 | €13,900 | +€8,605 | +162% |
| Gross operating margin | 9900 | €1,389,797 | €1,347,624 | -€42,173 | -3.0% |
| Operating profit (loss) | 9901 | €1,114,531 | €1,108,376 | -€6,155 | -0.6% |
| Financial income | 75/76B | €1,139 | €10 | -€1,129 | -99.1% |
| Recurring financial income | 75 | €1,139 | €10 | -€1,129 | -99.1% |
| Financial charges | 65/66B | €205,940 | €151,197 | -€54,743 | -26.6% |
| Recurring financial charges | 65 | €205,940 | €151,197 | -€54,743 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €909,731 | €957,190 | +€47,459 | +5.2% |
| Income taxes | 67/77 | €254,876 | €256,652 | +€1,776 | +0.7% |
| Profit (loss) for the period | 9904 | €654,855 | €700,538 | +€45,683 | +7.0% |
| Transfer to tax-exempt reserves | 689 | €374,690 | €408,370 | +€33,680 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €280,165 | €292,168 | +€12,003 | +4.3% |
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 19 October 2026 via checked.be.