LIGOVA: 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.
LIGOVA
Largest movements
- Receivables within one year -€30,560
down €30,560 (-76.7%), from €39,847 to €9,287
of which Other amounts receivable: -€28,988
- Cash -€12,018
down €12,018 (-81.5%), from €14,742 to €2,724
mainly Trade debts (-€31,704) and Tax, wage and social debts (-€8,207)
- Stocks and contracts -€1,524
down €1,524 (-25.7%), from €5,921 to €4,397
- Trade debts -€31,704
down €31,704 (-61.6%), from €51,505 to €19,801
- Tax, wage and social debts -€8,207
down €8,207 (-43.3%), from €18,941 to €10,734
of which Remuneration and social security: -€6,617
- Profit (loss) carried forward -€5,702
down €5,702 (-27.8%), from -€20,485 to -€26,187
- Other debts +€1,403
new in 2025: €1,403
- Staff costs -€6,575
down €6,575 (-12.4%), from €53,121 to €46,546
- Gross operating margin +€3,649
up €3,649 (+8.6%), from €42,472 to €46,121
- Financial charges +€1,125
up €1,125 (+341%), from €330 to €1,455
- Other operating charges -€619
down €619 (-15.7%), from €3,951 to €3,332
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 | €64,961 | €20,751 | -€44,210 | -68.1% |
| Fixed assets | 21/28 | €4,451 | €4,343 | -€108 | -2.4% |
| Tangible fixed assets | 22/27 | €2,051 | €1,560 | -€491 | -23.9% |
| Land and buildings | 22 | €1,277 | €1,100 | -€177 | -13.9% |
| Plant, machinery and equipment | 23 | €774 | €460 | -€314 | -40.6% |
| Financial fixed assets | 28 | €2,400 | €2,784 | +€384 | +16.0% |
| Current assets | 29/58 | €60,510 | €16,408 | -€44,102 | -72.9% |
| Stocks and contracts in progress | 3 | €5,921 | €4,397 | -€1,524 | -25.7% |
| Stocks | 30/36 | €5,921 | €4,397 | -€1,524 | -25.7% |
| Amounts receivable within one year | 40/41 | €39,847 | €9,287 | -€30,560 | -76.7% |
| Trade receivables | 40 | €7,443 | €5,871 | -€1,572 | -21.1% |
| Other amounts receivable | 41 | €32,404 | €3,416 | -€28,988 | -89.5% |
| Cash at bank and in hand | 54/58 | €14,742 | €2,724 | -€12,018 | -81.5% |
| Total equity and liabilities | 10/49 | €64,961 | €20,751 | -€44,210 | -68.1% |
| Equity | 10/15 | -€5,485 | -€11,187 | -€5,702 | -104% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,485 | -€26,187 | -€5,702 | -27.8% |
| Amounts payable | 17/49 | €70,446 | €31,938 | -€38,508 | -54.7% |
| Amounts payable within one year | 42/48 | €70,446 | €31,938 | -€38,508 | -54.7% |
| Trade debts | 44 | €51,505 | €19,801 | -€31,704 | -61.6% |
| Suppliers | 440/4 | €51,505 | €19,801 | -€31,704 | -61.6% |
| Taxes, remuneration and social security | 45 | €18,941 | €10,734 | -€8,207 | -43.3% |
| Taxes | 450/3 | €7,098 | €5,508 | -€1,590 | -22.4% |
| Remuneration and social security | 454/9 | €11,843 | €5,226 | -€6,617 | -55.9% |
| Other amounts payable | 47/48 | - | €1,403 | +€1,403 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €53,121 | €46,546 | -€6,575 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354 | €491 | +€137 | +38.7% |
| Other operating charges | 640/8 | €3,951 | €3,332 | -€619 | -15.7% |
| Non-recurring operating charges | 66A | €36 | €27 | -€9 | -23.8% |
| Gross operating margin | 9900 | €42,472 | €46,121 | +€3,649 | +8.6% |
| Operating profit (loss) | 9901 | -€14,990 | -€4,276 | +€10,714 | +71.5% |
| Financial income | 75/76B | €406 | €29 | -€377 | -93.0% |
| Recurring financial income | 75 | €406 | €29 | -€377 | -93.0% |
| Financial charges | 65/66B | €330 | €1,455 | +€1,125 | +341% |
| Recurring financial charges | 65 | €330 | €1,455 | +€1,125 | +341% |
| Profit (loss) for the period before taxes | 9903 | -€14,914 | -€5,702 | +€9,212 | +61.8% |
| Profit (loss) for the period | 9904 | -€14,914 | -€5,702 | +€9,212 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,914 | -€5,702 | +€9,212 | +61.8% |
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 16 October 2026 via checked.be.