LIGNUM PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€15,884
up €15,884 (+72.4%), from €21,954 to €37,838
of which Leasing and similar rights: +€22,013
- Stocks and contracts -€8,910
down €8,910 (-25.3%), from €35,214 to €26,304
of which Contracts in progress: -€14,888
- Receivables within one year -€3,358
down €3,358 (-3.6%), from €93,913 to €90,555
of which Other amounts receivable: -€7,920
- Short-term financial debts -€19,606
down €19,606 (-31.4%), from €62,403 to €42,797
- Debts after one year +€18,191
up €18,191 (+4652.4%), from €391 to €18,582
- Profit (loss) carried forward +€16,811
up €16,811, from -€6,066 to €10,745
- Other debts -€9,836
down €9,836 (-30.9%), from €31,817 to €21,981
- Tax, wage and social debts +€2,707
new in 2025: €2,707
- Write-downs +€22,507
up €22,507, from -€7,619 to €14,888
- Gross operating margin +€18,286
up €18,286 (+50.0%), from €36,579 to €54,865
- Depreciation -€2,481
down €2,481 (-22.7%), from €10,913 to €8,432
- Financial charges +€1,760
up €1,760 (+18.1%), from €9,715 to €11,475
- Other operating charges +€1,290
up €1,290 (+85.4%), from €1,510 to €2,800
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 | €153,964 | €158,718 | +€4,754 | +3.1% |
| Fixed assets | 21/28 | €21,954 | €37,838 | +€15,884 | +72.4% |
| Tangible fixed assets | 22/27 | €21,954 | €37,838 | +€15,884 | +72.4% |
| Plant, machinery and equipment | 23 | €21,699 | €15,075 | -€6,624 | -30.5% |
| Furniture and vehicles | 24 | €255 | €750 | +€495 | +194.1% |
| Leasing and similar rights | 25 | - | €22,013 | +€22,013 | |
| Current assets | 29/58 | €132,010 | €120,880 | -€11,130 | -8.4% |
| Stocks and contracts in progress | 3 | €35,214 | €26,304 | -€8,910 | -25.3% |
| Stocks | 30/36 | €7,551 | €13,529 | +€5,978 | +79.2% |
| Contracts in progress | 37 | €27,663 | €12,775 | -€14,888 | -53.8% |
| Amounts receivable within one year | 40/41 | €93,913 | €90,555 | -€3,358 | -3.6% |
| Trade receivables | 40 | €82,644 | €87,206 | +€4,562 | +5.5% |
| Other amounts receivable | 41 | €11,269 | €3,349 | -€7,920 | -70.3% |
| Current investments | 50/53 | €1,900 | €1,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €600 | €1,900 | +€1,300 | +216.7% |
| Deferred charges and accrued income | 490/1 | €383 | €221 | -€162 | -42.3% |
| Total equity and liabilities | 10/49 | €153,964 | €158,718 | +€4,754 | +3.1% |
| Equity | 10/15 | €40,344 | €57,155 | +€16,811 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,810 | €27,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,950 | €25,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,066 | €10,745 | +€16,811 | |
| Amounts payable | 17/49 | €113,620 | €101,563 | -€12,057 | -10.6% |
| Amounts payable after more than one year | 17 | €391 | €18,582 | +€18,191 | +4652.4% |
| Financial debts | 170/4 | €391 | €18,582 | +€18,191 | +4652.4% |
| Amounts payable within one year | 42/48 | €109,068 | €80,961 | -€28,107 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €2,306 | €3,272 | +€966 | +41.9% |
| Financial debts | 43 | €62,403 | €42,797 | -€19,606 | -31.4% |
| Credit institutions | 430/8 | €62,403 | €42,797 | -€19,606 | -31.4% |
| Trade debts | 44 | €12,542 | €10,204 | -€2,338 | -18.6% |
| Suppliers | 440/4 | €12,542 | €10,204 | -€2,338 | -18.6% |
| Taxes, remuneration and social security | 45 | - | €2,707 | +€2,707 | |
| Taxes | 450/3 | - | €2,707 | +€2,707 | |
| Other amounts payable | 47/48 | €31,817 | €21,981 | -€9,836 | -30.9% |
| Accrued charges and deferred income | 492/3 | €4,161 | €2,020 | -€2,141 | -51.5% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,913 | €8,432 | -€2,481 | -22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,619 | €14,888 | +€22,507 | |
| Other operating charges | 640/8 | €1,510 | €2,800 | +€1,290 | +85.4% |
| Gross operating margin | 9900 | €36,579 | €54,865 | +€18,286 | +50.0% |
| Operating profit (loss) | 9901 | €31,775 | €28,745 | -€3,030 | -9.5% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €9,715 | €11,475 | +€1,760 | +18.1% |
| Recurring financial charges | 65 | €9,715 | €11,475 | +€1,760 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €22,072 | €17,270 | -€4,802 | -21.8% |
| Income taxes | 67/77 | - | €459 | +€459 | |
| Profit (loss) for the period | 9904 | €22,072 | €16,811 | -€5,261 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,072 | €16,811 | -€5,261 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.