LIGTGOED: 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.
LIGTGOED
Largest movements
- Receivables after one year -€1.7m
down €1.7m (-18.0%), from €9.6m to €7.8m
- Receivables within one year +€1.1m
up €1.1m (+90.7%), from €1.2m to €2.2m
- Deferred charges and accrued income -€525,917
down €525,917 (-92.0%), from €571,410 to €45,493
- Other debts -€693,000
down €693,000 (-18.9%), from €3.7m to €3.0m
- Debts after one year -€666,667
down €666,667 (-7.8%), from €8.5m to €7.8m
- Financial charges +€38,738
up €38,738 (+10.7%), from €362,202 to €400,941
- Other operating charges -€34,303
down €34,303 (-92.9%), from €36,911 to €2,607
- Gross operating margin -€24,636
down €24,636 (-144%), from -€17,120 to -€41,756
- Depreciation +€21,997
up €21,997 (+205%), from €10,730 to €32,727
- Financial income -€12,328
down €12,328 (-2.1%), from €581,781 to €569,453
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,173,117 | €14,947,133 | -€1.2m | -7.6% |
| Fixed assets | 21/28 | €4,867,103 | €4,834,376 | -€32,727 | -0.7% |
| Tangible fixed assets | 22/27 | €152,906 | €120,179 | -€32,727 | -21.4% |
| Furniture and vehicles | 24 | €152,906 | €120,179 | -€32,727 | -21.4% |
| Financial fixed assets | 28 | €4,714,197 | €4,714,197 | = | 0.0% |
| Current assets | 29/58 | €11,306,015 | €10,112,757 | -€1.2m | -10.6% |
| Amounts receivable after more than one year | 29 | €9,568,064 | €7,842,857 | -€1.7m | -18.0% |
| Other amounts receivable | 291 | €9,568,064 | €7,842,857 | -€1.7m | -18.0% |
| Amounts receivable within one year | 40/41 | €1,166,541 | €2,224,408 | +€1.1m | +90.7% |
| Other amounts receivable | 41 | €1,166,541 | €2,224,408 | +€1.1m | +90.7% |
| Deferred charges and accrued income | 490/1 | €571,410 | €45,493 | -€525,917 | -92.0% |
| Total equity and liabilities | 10/49 | €16,173,117 | €14,947,133 | -€1.2m | -7.6% |
| Equity | 10/15 | €3,131,940 | €3,221,066 | +€89,126 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,111,940 | €3,201,066 | +€89,126 | +2.9% |
| Tax-exempt reserves | 132 | €330,588 | €330,588 | = | 0.0% |
| Distributable reserves | 133 | €2,781,352 | €2,870,478 | +€89,126 | +3.2% |
| Amounts payable | 17/49 | €13,041,178 | €11,726,067 | -€1.3m | -10.1% |
| Amounts payable after more than one year | 17 | €8,500,000 | €7,833,334 | -€666,667 | -7.8% |
| Financial debts | 170/4 | €8,500,000 | €7,833,334 | -€666,667 | -7.8% |
| Amounts payable within one year | 42/48 | €4,335,700 | €3,683,637 | -€652,062 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €666,667 | €666,667 | = | 0.0% |
| Financial debts | 43 | €446 | €34,429 | +€33,983 | +7,618% |
| Credit institutions | 430/8 | €446 | €34,429 | +€33,983 | +7,618% |
| Trade debts | 44 | €416 | €7,541 | +€7,125 | +1,712% |
| Suppliers | 440/4 | €416 | €7,541 | +€7,125 | +1,712% |
| Taxes, remuneration and social security | 45 | €171 | - | -€171 | |
| Taxes | 450/3 | €171 | - | -€171 | |
| Other amounts payable | 47/48 | €3,668,000 | €2,975,000 | -€693,000 | -18.9% |
| Accrued charges and deferred income | 492/3 | €205,478 | €209,096 | +€3,618 | +1.8% |
| Remuneration, social security and pensions | 62 | - | €1,668 | +€1,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,730 | €32,727 | +€21,997 | +205% |
| Other operating charges | 640/8 | €36,911 | €2,607 | -€34,303 | -92.9% |
| Gross operating margin | 9900 | -€17,120 | -€41,756 | -€24,636 | -144% |
| Operating profit (loss) | 9901 | -€64,761 | -€78,759 | -€13,997 | -21.6% |
| Financial income | 75/76B | €581,781 | €569,453 | -€12,328 | -2.1% |
| Recurring financial income | 75 | €581,781 | €569,453 | -€12,328 | -2.1% |
| Financial charges | 65/66B | €362,202 | €400,941 | +€38,738 | +10.7% |
| Recurring financial charges | 65 | €362,202 | €400,941 | +€38,738 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €154,818 | €89,754 | -€65,064 | -42.0% |
| Income taxes | 67/77 | €171 | €628 | +€457 | +268% |
| Profit (loss) for the period | 9904 | €154,647 | €89,126 | -€65,521 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,647 | €89,126 | -€65,521 | -42.4% |
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 24 October 2026 via checked.be.