Ligo Cap: 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 Cap
Largest movements
- Receivables within one year -€12,215
down €12,215 (-65.6%), from €18,629 to €6,414
of which Trade receivables: -€17,686
- Cash +€3,156
up €3,156 (+18.7%), from €16,867 to €20,023
mainly Receivables within one year (+€12,215) and Trade debts (+€1,171)
- Profit (loss) carried forward -€8,604
down €8,604 (-31.7%), from €27,134 to €18,530
- Tax, wage and social debts -€1,626
down €1,626 (-30.8%), from €5,276 to €3,650
- Trade debts +€1,171
up €1,171 (+1,355%), from €86 to €1,257
- Gross operating margin -€26,339
down €26,339, from €18,461 to -€7,878
- Taxes -€3,650
no longer reported in 2025 (was €3,650)
- Other operating charges +€403
up €403 (+287%), from €141 to €544
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 | €35,496 | €26,437 | -€9,059 | -25.5% |
| Current assets | 29/58 | €35,496 | €26,437 | -€9,059 | -25.5% |
| Amounts receivable within one year | 40/41 | €18,629 | €6,414 | -€12,215 | -65.6% |
| Trade receivables | 40 | €18,150 | €464 | -€17,686 | -97.4% |
| Other amounts receivable | 41 | €479 | €5,950 | +€5,470 | +1,141% |
| Cash at bank and in hand | 54/58 | €16,867 | €20,023 | +€3,156 | +18.7% |
| Total equity and liabilities | 10/49 | €35,496 | €26,437 | -€9,059 | -25.5% |
| Equity | 10/15 | €30,134 | €21,530 | -€8,604 | -28.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,134 | €18,530 | -€8,604 | -31.7% |
| Amounts payable | 17/49 | €5,363 | €4,907 | -€456 | -8.5% |
| Amounts payable within one year | 42/48 | €5,363 | €4,907 | -€456 | -8.5% |
| Trade debts | 44 | €86 | €1,257 | +€1,171 | +1,355% |
| Suppliers | 440/4 | €86 | €1,257 | +€1,171 | +1,355% |
| Taxes, remuneration and social security | 45 | €5,276 | €3,650 | -€1,626 | -30.8% |
| Taxes | 450/3 | €5,276 | €3,650 | -€1,626 | -30.8% |
| Other operating charges | 640/8 | €141 | €544 | +€403 | +287% |
| Gross operating margin | 9900 | €18,461 | -€7,878 | -€26,339 | |
| Operating profit (loss) | 9901 | €18,320 | -€8,421 | -€26,742 | |
| Financial income | 75/76B | €34 | €27 | -€7 | -20.4% |
| Recurring financial income | 75 | €34 | €27 | -€7 | -20.4% |
| Financial charges | 65/66B | €149 | €209 | +€60 | +40.7% |
| Recurring financial charges | 65 | €149 | €209 | +€60 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €18,206 | -€8,604 | -€26,809 | |
| Income taxes | 67/77 | €3,650 | - | -€3,650 | |
| Profit (loss) for the period | 9904 | €14,556 | -€8,604 | -€23,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,556 | -€8,604 | -€23,159 |
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 17 October 2026 via checked.be.