LYGO: 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.
What changed
LYGO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€896,112
2024 · €379,231+€516,880
Equity
€9.7m
2024 · €8.9m+€896,112
Cash
€493,072
2024 · €452,869+€40,203
Balance sheet total
€12.8m
2024 · €11.7m+€1.0m
Largest movements
Assets
- Current investments +€1.3m
up €1.3m (+121.4%), from €1.1m to €2.4m
- Tangible fixed assets -€355,849
down €355,849 (-4.0%), from €8.9m to €8.6m
of which Land and buildings: -€353,988
Equity and liabilities
- Reserves +€896,112
up €896,112 (+19.4%), from €4.6m to €5.5m
of which Distributable reserves: +€912,497
Income statement
- Financial income +€336,233
up €336,233 (+699.1%), from €48,093 to €384,326
- Gross operating margin +€163,284
up €163,284 (+12.7%), from €1.3m to €1.5m
- Depreciation -€119,277
down €119,277 (-18.3%), from €652,873 to €533,596
- Taxes +€83,662
up €83,662 (+62.6%), from €133,695 to €217,357
- Write-downs +€33,190
up €33,190 (+31.8%), from -€104,405 to -€71,216
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.
Result 2024
€379,231
Gross operating margin
+€163,284
Depreciation
+€119,277
Write-downs
-€33,190
Other operating charges
+€16,266
Financial income
+€336,233
Financial charges
-€1,329
Taxes
-€83,662
Result 2025
€896,112
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.
From operations
+€1.5m
Investment
-€1.5m
Financing
€0
Cash 2024
€452,869
From operations (derived)
+€1.5m
Net result for the year
+€896,112
Depreciation
+€533,596
Receivables after one year
-€28,069
Receivables within one year
-€8,210
Deferred charges and accrued income
+€1,560
Trade debts
+€74,165
Tax, wage and social debts
+€47,990
Accrued charges and deferred income
+€27,489
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€177,747
Current investments
-€1.3m
Cash 2025
€493,072
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,729,959 | €12,775,715 | +€1.0m | +8.9% |
| Fixed assets | 21/28 | €9,192,738 | €8,836,889 | -€355,849 | -3.9% |
| Tangible fixed assets | 22/27 | €8,942,738 | €8,586,889 | -€355,849 | -4.0% |
| Land and buildings | 22 | €8,940,876 | €8,586,889 | -€353,988 | -4.0% |
| Furniture and vehicles | 24 | €1,862 | €0 | -€1,862 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €2,537,221 | €3,938,827 | +€1.4m | +55.2% |
| Amounts receivable after more than one year | 29 | €561,382 | €589,451 | +€28,069 | +5.0% |
| Other amounts receivable | 291 | €561,382 | €589,451 | +€28,069 | +5.0% |
| Amounts receivable within one year | 40/41 | €428,993 | €437,204 | +€8,210 | +1.9% |
| Trade receivables | 40 | €49,036 | €7,832 | -€41,204 | -84.0% |
| Other amounts receivable | 41 | €379,957 | €429,372 | +€49,415 | +13.0% |
| Current investments | 50/53 | €1,092,417 | €2,419,099 | +€1.3m | +121.4% |
| Cash at bank and in hand | 54/58 | €452,869 | €493,072 | +€40,203 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,560 | €0 | -€1,560 | -100.0% |
| Total equity and liabilities | 10/49 | €11,729,959 | €12,775,715 | +€1.0m | +8.9% |
| Equity | 10/15 | €8,853,151 | €9,749,263 | +€896,112 | +10.1% |
| Contributions | 10/11 | €4,225,640 | €4,225,640 | = | 0.0% |
| Reserves | 13 | €4,627,511 | €5,523,623 | +€896,112 | +19.4% |
| Tax-exempt reserves | 132 | €63,773 | €47,388 | -€16,385 | -25.7% |
| Distributable reserves | 133 | €4,563,738 | €5,476,235 | +€912,497 | +20.0% |
| Amounts payable | 17/49 | €2,876,808 | €3,026,452 | +€149,644 | +5.2% |
| Amounts payable after more than one year | 17 | €2,001,148 | €2,001,148 | = | 0.0% |
| Financial debts | 170/4 | €1,983,148 | €1,983,148 | = | 0.0% |
| Other amounts payable | 178/9 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795,432 | €917,587 | +€122,155 | +15.4% |
| Financial debts | 43 | €750,000 | €750,000 | = | 0.0% |
| Other loans | 439 | €750,000 | €750,000 | = | 0.0% |
| Trade debts | 44 | €384 | €74,550 | +€74,165 | +19295.8% |
| Suppliers | 440/4 | €384 | €74,550 | +€74,165 | +19295.8% |
| Taxes, remuneration and social security | 45 | €45,047 | €93,037 | +€47,990 | +106.5% |
| Taxes | 450/3 | €45,047 | €93,037 | +€47,990 | +106.5% |
| Accrued charges and deferred income | 492/3 | €80,228 | €107,717 | +€27,489 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652,873 | €533,596 | -€119,277 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€104,405 | -€71,216 | +€33,190 | +31.8% |
| Other operating charges | 640/8 | €109,701 | €93,434 | -€16,266 | -14.8% |
| Gross operating margin | 9900 | €1,289,363 | €1,452,646 | +€163,284 | +12.7% |
| Operating profit (loss) | 9901 | €631,194 | €896,831 | +€265,638 | +42.1% |
| Financial income | 75/76B | €48,093 | €384,326 | +€336,233 | +699.1% |
| Recurring financial income | 75 | €48,093 | €384,326 | +€336,233 | +699.1% |
| Financial charges | 65/66B | €166,360 | €167,689 | +€1,329 | +0.8% |
| Recurring financial charges | 65 | €166,360 | €167,689 | +€1,329 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €512,927 | €1,113,468 | +€600,542 | +117.1% |
| Income taxes | 67/77 | €133,695 | €217,357 | +€83,662 | +62.6% |
| Profit (loss) for the period | 9904 | €379,231 | €896,112 | +€516,880 | +136.3% |
| Transfer from tax-exempt reserves | 789 | €16,385 | €16,385 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €395,617 | €912,497 | +€516,880 | +130.7% |
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.