B-SIGN: 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.
B-SIGN
Largest movements
- Tangible fixed assets +€47,893
up €47,893 (+96.8%), from €49,454 to €97,347
of which Furniture and vehicles: +€26,156
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
- Cash +€39,661
up €39,661 (+74.6%), from €53,137 to €92,798
mainly Other debts (+€77,212) and Debts after one year (+€40,756)
- Current investments +€19,632
up €19,632 (+98.2%), from €19,983 to €39,615
- Receivables within one year -€7,794
down €7,794 (-17.1%), from €45,659 to €37,865
of which Other amounts receivable: -€8,279
- Other debts +€77,212
new in 2025: €77,212
- Reserves -€75,116
down €75,116 (-45.2%), from €166,143 to €91,028
- Debts after one year +€40,756
up €40,756 (+137%), from €29,717 to €70,473
- Tax, wage and social debts +€8,804
up €8,804 (+109%), from €8,076 to €16,880
of which Taxes: +€8,654
- Current portion of long-term debt +€4,773
up €4,773 (+28.5%), from €16,742 to €21,515
- Gross operating margin +€31,046
up €31,046 (+45.7%), from €67,934 to €98,980
- Financial income +€9,743
up €9,743 (+730%), from €1,335 to €11,078
- Depreciation +€8,313
up €8,313 (+70.4%), from €11,807 to €20,119
- Taxes +€6,594
up €6,594 (+487%), from €1,353 to €7,947
- Staff costs +€2,809
up €2,809 (+6.1%), from €46,168 to €48,976
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 | €225,385 | €285,341 | +€59,956 | +26.6% |
| Fixed assets | 21/28 | €49,454 | €97,347 | +€47,893 | +96.8% |
| Tangible fixed assets | 22/27 | €49,454 | €97,347 | +€47,893 | +96.8% |
| Land and buildings | 22 | €20,481 | €17,118 | -€3,363 | -16.4% |
| Plant, machinery and equipment | 23 | €20,621 | €45,721 | +€25,100 | +122% |
| Furniture and vehicles | 24 | €8,352 | €34,507 | +€26,156 | +313% |
| Current assets | 29/58 | €175,931 | €187,994 | +€12,063 | +6.9% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Stocks and contracts in progress | 3 | €15,080 | €14,673 | -€407 | -2.7% |
| Stocks | 30/36 | €15,080 | €14,673 | -€407 | -2.7% |
| Amounts receivable within one year | 40/41 | €45,659 | €37,865 | -€7,794 | -17.1% |
| Trade receivables | 40 | €34,319 | €34,804 | +€486 | +1.4% |
| Other amounts receivable | 41 | €11,340 | €3,061 | -€8,279 | -73.0% |
| Current investments | 50/53 | €19,983 | €39,615 | +€19,632 | +98.2% |
| Cash at bank and in hand | 54/58 | €53,137 | €92,798 | +€39,661 | +74.6% |
| Deferred charges and accrued income | 490/1 | €2,072 | €3,043 | +€971 | +46.9% |
| Total equity and liabilities | 10/49 | €225,385 | €285,341 | +€59,956 | +26.6% |
| Equity | 10/15 | €166,144 | €91,029 | -€75,116 | -45.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €166,143 | €91,028 | -€75,116 | -45.2% |
| Distributable reserves | 133 | €166,143 | €91,028 | -€75,116 | -45.2% |
| Amounts payable | 17/49 | €59,240 | €194,312 | +€135,072 | +228% |
| Amounts payable after more than one year | 17 | €29,717 | €70,473 | +€40,756 | +137% |
| Financial debts | 170/4 | €29,717 | €70,473 | +€40,756 | +137% |
| Amounts payable within one year | 42/48 | €29,523 | €123,839 | +€94,316 | +319% |
| Current portion of amounts payable after more than one year | 42 | €16,742 | €21,515 | +€4,773 | +28.5% |
| Trade debts | 44 | €4,705 | €8,232 | +€3,527 | +75.0% |
| Suppliers | 440/4 | €4,705 | €8,232 | +€3,527 | +75.0% |
| Taxes, remuneration and social security | 45 | €8,076 | €16,880 | +€8,804 | +109% |
| Taxes | 450/3 | €3,838 | €12,492 | +€8,654 | +225% |
| Remuneration and social security | 454/9 | €4,237 | €4,388 | +€150 | +3.5% |
| Other amounts payable | 47/48 | - | €77,212 | +€77,212 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €46,168 | €48,976 | +€2,809 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,807 | €20,119 | +€8,313 | +70.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €544 | €706 | +€162 | +29.8% |
| Other operating charges | 640/8 | €4,026 | €4,378 | +€352 | +8.8% |
| Non-recurring operating charges | 66A | €368 | - | -€368 | |
| Gross operating margin | 9900 | €67,934 | €98,980 | +€31,046 | +45.7% |
| Operating profit (loss) | 9901 | €5,022 | €24,800 | +€19,778 | +394% |
| Financial income | 75/76B | €1,335 | €11,078 | +€9,743 | +730% |
| Recurring financial income | 75 | €1,335 | €11,078 | +€9,743 | +730% |
| Financial charges | 65/66B | €4,238 | €4,656 | +€417 | +9.8% |
| Recurring financial charges | 65 | €4,238 | €4,656 | +€417 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €2,119 | €31,223 | +€29,104 | +1,374% |
| Income taxes | 67/77 | €1,353 | €7,947 | +€6,594 | +487% |
| Profit (loss) for the period | 9904 | €766 | €23,276 | +€22,510 | +2,939% |
| Profit (loss) for the period to be appropriated | 9905 | €766 | €23,276 | +€22,510 | +2,939% |
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 17 October 2026 via checked.be.