LIGNUM: 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.
LIGNUM
Largest movements
- Tangible fixed assets +€45,249
up €45,249 (+2180.7%), from €2,075 to €47,324
of which Land and buildings: +€43,604
- Receivables within one year -€22,422
down €22,422 (-98.9%), from €22,672 to €250
of which Trade receivables: -€22,384
- Cash -€11,846
down €11,846 (-51.5%), from €22,993 to €11,147
mainly Investment in fixed assets (net) (-€47,846) and Other debts (-€12,052)
- Reserves +€23,684
up €23,684 (+17.7%), from €133,942 to €157,626
of which Distributable reserves: +€23,684
- Other debts -€12,052
down €12,052 (-47.3%), from €25,482 to €13,430
- Trade debts -€2,234
down €2,234 (-48.8%), from €4,578 to €2,344
- Gross operating margin +€11,127
up €11,127 (+34.2%), from €32,550 to €43,678
- Taxes +€3,935
up €3,935 (+37.8%), from €10,409 to €14,344
- Financial charges -€1,283
down €1,283 (-65.7%), from €1,953 to €670
- Depreciation +€933
up €933 (+56.0%), from €1,665 to €2,597
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 | €200,739 | €211,721 | +€10,981 | +5.5% |
| Fixed assets | 21/28 | €155,075 | €200,324 | +€45,249 | +29.2% |
| Tangible fixed assets | 22/27 | €2,075 | €47,324 | +€45,249 | +2180.7% |
| Land and buildings | 22 | - | €43,604 | +€43,604 | |
| Plant, machinery and equipment | 23 | €762 | €1,592 | +€830 | +108.9% |
| Furniture and vehicles | 24 | €311 | €2,127 | +€1,816 | +584.5% |
| Other tangible fixed assets | 26 | €1,002 | €0 | -€1,002 | -100.0% |
| Financial fixed assets | 28 | €153,000 | €153,000 | = | 0.0% |
| Current assets | 29/58 | €45,664 | €11,397 | -€34,268 | -75.0% |
| Amounts receivable within one year | 40/41 | €22,672 | €250 | -€22,422 | -98.9% |
| Trade receivables | 40 | €22,634 | €250 | -€22,384 | -98.9% |
| Other amounts receivable | 41 | €38 | €0 | -€38 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,993 | €11,147 | -€11,846 | -51.5% |
| Total equity and liabilities | 10/49 | €200,739 | €211,721 | +€10,981 | +5.5% |
| Equity | 10/15 | €140,142 | €163,826 | +€23,684 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,942 | €157,626 | +€23,684 | +17.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €133,942 | €157,626 | +€23,684 | +17.7% |
| Amounts payable | 17/49 | €60,597 | €47,894 | -€12,703 | -21.0% |
| Amounts payable within one year | 42/48 | €60,597 | €47,894 | -€12,703 | -21.0% |
| Trade debts | 44 | €4,578 | €2,344 | -€2,234 | -48.8% |
| Suppliers | 440/4 | €4,578 | €2,344 | -€2,234 | -48.8% |
| Taxes, remuneration and social security | 45 | €30,537 | €32,120 | +€1,583 | +5.2% |
| Taxes | 450/3 | €30,537 | €32,120 | +€1,583 | +5.2% |
| Other amounts payable | 47/48 | €25,482 | €13,430 | -€12,052 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €2,597 | +€933 | +56.0% |
| Other operating charges | 640/8 | €2,272 | €2,476 | +€204 | +9.0% |
| Gross operating margin | 9900 | €32,550 | €43,678 | +€11,127 | +34.2% |
| Operating profit (loss) | 9901 | €28,614 | €38,604 | +€9,991 | +34.9% |
| Financial income | 75/76B | €0 | €93 | +€93 | +934600.0% |
| Recurring financial income | 75 | €0 | €93 | +€93 | +934600.0% |
| Financial charges | 65/66B | €1,953 | €670 | -€1,283 | -65.7% |
| Recurring financial charges | 65 | €1,953 | €670 | -€1,283 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €26,661 | €38,028 | +€11,367 | +42.6% |
| Income taxes | 67/77 | €10,409 | €14,344 | +€3,935 | +37.8% |
| Profit (loss) for the period | 9904 | €16,252 | €23,684 | +€7,432 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,252 | €23,684 | +€7,432 | +45.7% |
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 30 September 2026 via checked.be.