LIGOCON: 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.
LIGOCON
Largest movements
- Stocks and contracts +€288,733
up €288,733 (+8.9%), from €3.3m to €3.5m
- Receivables within one year +€61,721
up €61,721 (+37.2%), from €165,966 to €227,687
of which Other amounts receivable: +€62,762
- Cash +€41,343
up €41,343 (+51.6%), from €80,099 to €121,442
mainly Short-term financial debts (+€418,834) and Other debts (+€405,679)
- Debts after one year -€421,668
down €421,668 (-18.9%), from €2.2m to €1.8m
- Short-term financial debts +€418,834
up €418,834 (+96.4%), from €434,511 to €853,344
of which Credit institutions: +€418,834
- Other debts +€405,679
up €405,679 (+150%), from €270,624 to €676,303
- Gross operating margin -€183,271
down €183,271 (-72.5%), from €252,925 to €69,655
- Taxes -€67,270
down €67,270 (-91.8%), from €73,268 to €5,998
- Other operating charges +€27,965
up €27,965 (+287%), from €9,757 to €37,722
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 | €3,496,924 | €3,888,954 | +€392,029 | +11.2% |
| Current assets | 29/58 | €3,496,924 | €3,888,954 | +€392,029 | +11.2% |
| Stocks and contracts in progress | 3 | €3,250,860 | €3,539,593 | +€288,733 | +8.9% |
| Stocks | 30/36 | €3,250,860 | €3,539,593 | +€288,733 | +8.9% |
| Amounts receivable within one year | 40/41 | €165,966 | €227,687 | +€61,721 | +37.2% |
| Trade receivables | 40 | €1,041 | €0 | -€1,041 | -100% |
| Other amounts receivable | 41 | €164,925 | €227,687 | +€62,762 | +38.1% |
| Cash at bank and in hand | 54/58 | €80,099 | €121,442 | +€41,343 | +51.6% |
| Deferred charges and accrued income | 490/1 | - | €232 | +€232 | |
| Total equity and liabilities | 10/49 | €3,496,924 | €3,888,954 | +€392,029 | +11.2% |
| Equity | 10/15 | €522,140 | €526,092 | +€3,952 | +0.8% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €458,540 | €462,492 | +€3,952 | +0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €458,540 | €462,492 | +€3,952 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,974,784 | €3,362,861 | +€388,077 | +13.0% |
| Amounts payable after more than one year | 17 | €2,231,763 | €1,810,094 | -€421,668 | -18.9% |
| Financial debts | 170/4 | €2,231,763 | €1,810,094 | -€421,668 | -18.9% |
| Amounts payable within one year | 42/48 | €733,176 | €1,537,444 | +€804,268 | +110% |
| Financial debts | 43 | €434,511 | €853,344 | +€418,834 | +96.4% |
| Credit institutions | 430/8 | €434,511 | €853,344 | +€418,834 | +96.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,435 | €7,797 | +€4,362 | +127% |
| Suppliers | 440/4 | €3,435 | €7,797 | +€4,362 | +127% |
| Taxes, remuneration and social security | 45 | €24,607 | €0 | -€24,607 | -100% |
| Taxes | 450/3 | €24,607 | €0 | -€24,607 | -100% |
| Other amounts payable | 47/48 | €270,624 | €676,303 | +€405,679 | +150% |
| Accrued charges and deferred income | 492/3 | €9,845 | €15,323 | +€5,477 | +55.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,500 | -€2,500 | |
| Other operating charges | 640/8 | €9,757 | €37,722 | +€27,965 | +287% |
| Gross operating margin | 9900 | €252,925 | €69,655 | -€183,271 | -72.5% |
| Operating profit (loss) | 9901 | €243,168 | €34,433 | -€208,735 | -85.8% |
| Financial income | 75/76B | €17 | €12 | -€5 | -28.0% |
| Recurring financial income | 75 | €17 | €12 | -€5 | -28.0% |
| Financial charges | 65/66B | €13,489 | €15,670 | +€2,181 | +16.2% |
| Recurring financial charges | 65 | €13,489 | €15,670 | +€2,181 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €229,696 | €18,775 | -€210,922 | -91.8% |
| Income taxes | 67/77 | €73,268 | €5,998 | -€67,270 | -91.8% |
| Profit (loss) for the period | 9904 | €156,428 | €12,777 | -€143,652 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €156,428 | €12,777 | -€143,652 | -91.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.