Ligoro: what changed
Ligoro
Largest movements
- Tangible fixed assets -€17,139
down €17,139 (-27.2%), from €62,933 to €45,794
of which Furniture and vehicles: -€11,910
- Cash -€6,993
down €6,993 (-7.8%), from €89,702 to €82,709
mainly Contributions, distributions and other (-€35,294) and Tax, wage and social debts (-€9,011)
- Deferred charges and accrued income +€3,982
up €3,982 (+271%), from €1,471 to €5,453
- Reserves -€22,959
down €22,959 (-34.0%), from €67,539 to €44,579
- Tax, wage and social debts -€9,011
down €9,011 (-63.0%), from €14,307 to €5,297
- Trade debts +€8,856
up €8,856 (+762%), from €1,162 to €10,018
- Other debts +€4,185
up €4,185 (+135%), from €3,098 to €7,283
- Gross operating margin -€16,329
down €16,329 (-28.6%), from €57,165 to €40,836
- Taxes -€3,668
down €3,668 (-45.3%), from €8,092 to €4,423
- Financial charges +€1,210
up €1,210 (+31.9%), from €3,797 to €5,007
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,106 | €135,456 | -€18,651 | -12.1% |
| Fixed assets | 21/28 | €62,933 | €45,794 | -€17,139 | -27.2% |
| Tangible fixed assets | 22/27 | €62,933 | €45,794 | -€17,139 | -27.2% |
| Plant, machinery and equipment | 23 | €17,949 | €12,720 | -€5,230 | -29.1% |
| Furniture and vehicles | 24 | €44,984 | €33,074 | -€11,910 | -26.5% |
| Current assets | 29/58 | €91,173 | €89,662 | -€1,511 | -1.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €0 | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €89,702 | €82,709 | -€6,993 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,471 | €5,453 | +€3,982 | +271% |
| Total equity and liabilities | 10/49 | €154,106 | €135,456 | -€18,651 | -12.1% |
| Equity | 10/15 | €70,539 | €47,579 | -€22,959 | -32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,539 | €44,579 | -€22,959 | -34.0% |
| Distributable reserves | 133 | €67,539 | €44,579 | -€22,959 | -34.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,568 | €87,876 | +€4,309 | +5.2% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Financial debts | 170/4 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,568 | €22,876 | +€4,309 | +23.2% |
| Financial debts | 43 | €0 | €278 | +€278 | |
| Credit institutions | 430/8 | €0 | €278 | +€278 | |
| Trade debts | 44 | €1,162 | €10,018 | +€8,856 | +762% |
| Suppliers | 440/4 | €1,162 | €10,018 | +€8,856 | +762% |
| Taxes, remuneration and social security | 45 | €14,307 | €5,297 | -€9,011 | -63.0% |
| Taxes | 450/3 | €14,307 | €5,297 | -€9,011 | -63.0% |
| Other amounts payable | 47/48 | €3,098 | €7,283 | +€4,185 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,167 | €18,114 | -€53 | -0.3% |
| Other operating charges | 640/8 | €898 | €1,217 | +€319 | +35.5% |
| Gross operating margin | 9900 | €57,165 | €40,836 | -€16,329 | -28.6% |
| Operating profit (loss) | 9901 | €38,100 | €21,505 | -€16,595 | -43.6% |
| Financial income | 75/76B | €93 | €260 | +€167 | +179% |
| Recurring financial income | 75 | €93 | €260 | +€167 | +179% |
| Financial charges | 65/66B | €3,797 | €5,007 | +€1,210 | +31.9% |
| Recurring financial charges | 65 | €3,797 | €5,007 | +€1,210 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €34,396 | €16,758 | -€17,638 | -51.3% |
| Income taxes | 67/77 | €8,092 | €4,423 | -€3,668 | -45.3% |
| Profit (loss) for the period | 9904 | €26,304 | €12,335 | -€13,970 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,304 | €12,335 | -€13,970 | -53.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.