LIGOMA: 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.
LIGOMA
Largest movements
- Tangible fixed assets +€64,637
up €64,637 (+1228.7%), from €5,261 to €69,898
of which Plant, machinery and equipment: +€65,197
- Cash +€12,781
up €12,781 (+170.7%), from €7,486 to €20,267
mainly Debts after one year (+€54,547) and Current portion of long-term debt (+€12,439)
- Receivables within one year +€8,506
up €8,506 (+23694.1%), from €36 to €8,542
of which Other amounts receivable: +€6,820
- Deferred charges and accrued income -€3,793
down €3,793 (-87.4%), from €4,340 to €547
- Intangible fixed assets -€2,000
down €2,000 (-20.0%), from €9,995 to €7,995
- Debts after one year +€54,547
new in 2025: €54,547
- Current portion of long-term debt +€12,439
new in 2025: €12,439
- Tax, wage and social debts +€5,201
up €5,201 (+100.9%), from €5,157 to €10,358
of which Remuneration and social security: +€6,768
- Reserves +€4,947
up €4,947 (+28.7%), from €17,231 to €22,178
- Trade debts +€4,851
up €4,851 (+214.9%), from €2,257 to €7,108
- Staff costs +€39,777
up €39,777 (+101.9%), from €39,022 to €78,799
- Gross operating margin +€34,575
up €34,575 (+58.8%), from €58,776 to €93,350
- Depreciation +€4,499
up €4,499 (+520.7%), from €864 to €5,363
- Other operating charges +€2,052
up €2,052 (+491.7%), from €417 to €2,469
- Financial charges +€1,647
up €1,647 (+1250.0%), from €132 to €1,779
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 | €32,022 | €113,631 | +€81,609 | +254.9% |
| Fixed assets | 21/28 | €18,700 | €82,337 | +€63,637 | +340.3% |
| Intangible fixed assets | 21 | €9,995 | €7,995 | -€2,000 | -20.0% |
| Tangible fixed assets | 22/27 | €5,261 | €69,898 | +€64,637 | +1228.7% |
| Plant, machinery and equipment | 23 | €2,462 | €67,660 | +€65,197 | +2647.8% |
| Other tangible fixed assets | 26 | €2,798 | €2,238 | -€560 | -20.0% |
| Financial fixed assets | 28 | €3,444 | €4,444 | +€1,000 | +29.0% |
| Current assets | 29/58 | €13,322 | €31,294 | +€17,971 | +134.9% |
| Stocks and contracts in progress | 3 | €1,460 | €1,938 | +€477 | +32.7% |
| Stocks | 30/36 | €1,460 | €1,938 | +€477 | +32.7% |
| Amounts receivable within one year | 40/41 | €36 | €8,542 | +€8,506 | +23694.1% |
| Trade receivables | 40 | - | €1,686 | +€1,686 | |
| Other amounts receivable | 41 | €36 | €6,856 | +€6,820 | +18996.5% |
| Cash at bank and in hand | 54/58 | €7,486 | €20,267 | +€12,781 | +170.7% |
| Deferred charges and accrued income | 490/1 | €4,340 | €547 | -€3,793 | -87.4% |
| Total equity and liabilities | 10/49 | €32,022 | €113,631 | +€81,609 | +254.9% |
| Equity | 10/15 | €24,231 | €29,178 | +€4,947 | +20.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €17,231 | €22,178 | +€4,947 | +28.7% |
| Distributable reserves | 133 | €17,231 | €22,178 | +€4,947 | +28.7% |
| Amounts payable | 17/49 | €7,791 | €84,452 | +€76,662 | +984.0% |
| Amounts payable after more than one year | 17 | - | €54,547 | +€54,547 | |
| Financial debts | 170/4 | - | €54,547 | +€54,547 | |
| Amounts payable within one year | 42/48 | €7,791 | €29,905 | +€22,114 | +283.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,439 | +€12,439 | |
| Trade debts | 44 | €2,257 | €7,108 | +€4,851 | +214.9% |
| Suppliers | 440/4 | €2,257 | €7,108 | +€4,851 | +214.9% |
| Taxes, remuneration and social security | 45 | €5,157 | €10,358 | +€5,201 | +100.9% |
| Taxes | 450/3 | €1,566 | - | -€1,566 | |
| Remuneration and social security | 454/9 | €3,590 | €10,358 | +€6,768 | +188.5% |
| Other amounts payable | 47/48 | €377 | - | -€377 | |
| Remuneration, social security and pensions | 62 | €39,022 | €78,799 | +€39,777 | +101.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €864 | €5,363 | +€4,499 | +520.7% |
| Other operating charges | 640/8 | €417 | €2,469 | +€2,052 | +491.7% |
| Gross operating margin | 9900 | €58,776 | €93,350 | +€34,575 | +58.8% |
| Operating profit (loss) | 9901 | €18,473 | €6,720 | -€11,753 | -63.6% |
| Financial income | 75/76B | €2 | €6 | +€4 | +206.3% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +206.3% |
| Financial charges | 65/66B | €132 | €1,779 | +€1,647 | +1250.0% |
| Recurring financial charges | 65 | €132 | €1,779 | +€1,647 | +1250.0% |
| Profit (loss) for the period before taxes | 9903 | €18,343 | €4,947 | -€13,396 | -73.0% |
| Income taxes | 67/77 | -€1,243 | - | +€1,243 | |
| Profit (loss) for the period | 9904 | €19,586 | €4,947 | -€14,639 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,586 | €4,947 | -€14,639 | -74.7% |
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 7 October 2026 via checked.be.