LIGO BELGIUM: 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.
LIGO BELGIUM
Largest movements
- Receivables within one year +€5,517
up €5,517 (+59.4%), from €9,283 to €14,799
of which Trade receivables: +€5,387
- Tangible fixed assets -€5,257
down €5,257 (-28.5%), from €18,469 to €13,213
of which Furniture and vehicles: -€4,983
- Cash +€622
up €622 (+2.5%), from €24,910 to €25,532
mainly Trade debts (+€8,573) and Depreciation (+€5,257)
- Deferred charges and accrued income -€584
down €584 (-84.5%), from €692 to €108
- Trade debts +€8,573
up €8,573 (+233%), from €3,677 to €12,249
- Debts after one year -€3,497
down €3,497 (-30.6%), from €11,440 to €7,943
- Tax, wage and social debts -€2,221
down €2,221 (-68.3%), from €3,250 to €1,029
of which Taxes: -€1,321
- Profit (loss) carried forward -€2,154
down €2,154 (-21.0%), from €10,255 to €8,101
- Gross operating margin -€6,443
down €6,443 (-52.4%), from €12,301 to €5,858
- Taxes -€898
down €898 (-64.0%), from €1,402 to €505
- Depreciation +€272
up €272 (+5.5%), from €4,984 to €5,257
- Financial charges -€136
down €136 (-13.0%), from €1,047 to €911
- Other operating charges +€124
up €124 (+10.2%), from €1,216 to €1,340
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 | €53,428 | €53,727 | +€298 | +0.6% |
| Fixed assets | 21/28 | €18,544 | €13,288 | -€5,257 | -28.3% |
| Tangible fixed assets | 22/27 | €18,469 | €13,213 | -€5,257 | -28.5% |
| Plant, machinery and equipment | 23 | €464 | €190 | -€274 | -59.0% |
| Furniture and vehicles | 24 | €18,005 | €13,022 | -€4,983 | -27.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €34,884 | €40,439 | +€5,555 | +15.9% |
| Amounts receivable within one year | 40/41 | €9,283 | €14,799 | +€5,517 | +59.4% |
| Trade receivables | 40 | €4,719 | €10,106 | +€5,387 | +114% |
| Other amounts receivable | 41 | €4,564 | €4,693 | +€130 | +2.8% |
| Cash at bank and in hand | 54/58 | €24,910 | €25,532 | +€622 | +2.5% |
| Deferred charges and accrued income | 490/1 | €692 | €108 | -€584 | -84.5% |
| Total equity and liabilities | 10/49 | €53,428 | €53,727 | +€298 | +0.6% |
| Equity | 10/15 | €30,715 | €28,561 | -€2,154 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €10,255 | €8,101 | -€2,154 | -21.0% |
| Amounts payable | 17/49 | €22,714 | €25,166 | +€2,452 | +10.8% |
| Amounts payable after more than one year | 17 | €11,440 | €7,943 | -€3,497 | -30.6% |
| Financial debts | 170/4 | €11,440 | €7,943 | -€3,497 | -30.6% |
| Amounts payable within one year | 42/48 | €11,274 | €17,223 | +€5,949 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €4,211 | €3,809 | -€402 | -9.6% |
| Trade debts | 44 | €3,677 | €12,249 | +€8,573 | +233% |
| Suppliers | 440/4 | €3,677 | €12,249 | +€8,573 | +233% |
| Taxes, remuneration and social security | 45 | €3,250 | €1,029 | -€2,221 | -68.3% |
| Taxes | 450/3 | €1,800 | €479 | -€1,321 | -73.4% |
| Remuneration and social security | 454/9 | €1,450 | €550 | -€900 | -62.1% |
| Other amounts payable | 47/48 | €137 | €137 | = | 0.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,984 | €5,257 | +€272 | +5.5% |
| Other operating charges | 640/8 | €1,216 | €1,340 | +€124 | +10.2% |
| Gross operating margin | 9900 | €12,301 | €5,858 | -€6,443 | -52.4% |
| Operating profit (loss) | 9901 | €6,101 | -€738 | -€6,839 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,047 | €911 | -€136 | -13.0% |
| Recurring financial charges | 65 | €1,047 | €911 | -€136 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | -€1,649 | -€6,712 | |
| Income taxes | 67/77 | €1,402 | €505 | -€898 | -64.0% |
| Profit (loss) for the period | 9904 | €3,660 | -€2,154 | -€5,814 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,660 | -€2,154 | -€5,814 |
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 31 October 2026 via checked.be.