D-SIGN MANAGEMENT: 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.
D-SIGN MANAGEMENT
Largest movements
- Receivables within one year +€40,693
up €40,693 (+41.3%), from €98,500 to €139,193
of which Trade receivables: +€44,150
- Stocks and contracts +€27,888
up €27,888 (+101%), from €27,625 to €55,513
- Deferred charges and accrued income -€14,905
down €14,905 (-82.3%), from €18,112 to €3,207
- Cash -€13,452
down €13,452 (-51.0%), from €26,374 to €12,921
mainly Receivables within one year (-€40,693) and Stocks and contracts (-€27,888)
- Intangible fixed assets +€3,225
new in 2025: €3,225
- Other debts +€30,169
up €30,169 (+201%), from €15,000 to €45,169
- Short-term financial debts +€10,003
new in 2025: €10,003
- Trade debts +€5,273
up €5,273 (+6.0%), from €87,196 to €92,470
- Tax, wage and social debts -€4,985
down €4,985 (-36.5%), from €13,676 to €8,691
of which Taxes: -€5,515
- Gross operating margin +€19,725
up €19,725, from -€19,419 to €305
- Taxes -€16,034
down €16,034, from €8,017 to -€8,017
- Depreciation +€659
up €659 (+16.0%), from €4,111 to €4,770
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 | €190,725 | €231,389 | +€40,664 | +21.3% |
| Fixed assets | 21/28 | €20,115 | €20,556 | +€441 | +2.2% |
| Intangible fixed assets | 21 | - | €3,225 | +€3,225 | |
| Tangible fixed assets | 22/27 | €14,050 | €11,266 | -€2,785 | -19.8% |
| Plant, machinery and equipment | 23 | €1,994 | €3,021 | +€1,027 | +51.5% |
| Furniture and vehicles | 24 | €12,057 | €8,245 | -€3,812 | -31.6% |
| Financial fixed assets | 28 | €6,065 | €6,065 | = | 0.0% |
| Current assets | 29/58 | €170,610 | €210,833 | +€40,223 | +23.6% |
| Stocks and contracts in progress | 3 | €27,625 | €55,513 | +€27,888 | +101% |
| Stocks | 30/36 | €27,625 | €55,513 | +€27,888 | +101% |
| Amounts receivable within one year | 40/41 | €98,500 | €139,193 | +€40,693 | +41.3% |
| Trade receivables | 40 | €48,500 | €92,650 | +€44,150 | +91.0% |
| Other amounts receivable | 41 | €50,000 | €46,542 | -€3,458 | -6.9% |
| Cash at bank and in hand | 54/58 | €26,374 | €12,921 | -€13,452 | -51.0% |
| Deferred charges and accrued income | 490/1 | €18,112 | €3,207 | -€14,905 | -82.3% |
| Total equity and liabilities | 10/49 | €190,725 | €231,389 | +€40,664 | +21.3% |
| Equity | 10/15 | €73,891 | €75,056 | +€1,165 | +1.6% |
| Contributions | 10/11 | €7,309 | €7,309 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,582 | €20,747 | +€1,165 | +5.9% |
| Amounts payable | 17/49 | €116,833 | €156,333 | +€39,499 | +33.8% |
| Amounts payable within one year | 42/48 | €115,873 | €156,333 | +€40,460 | +34.9% |
| Financial debts | 43 | - | €10,003 | +€10,003 | |
| Credit institutions | 430/8 | - | €10,003 | +€10,003 | |
| Trade debts | 44 | €87,196 | €92,470 | +€5,273 | +6.0% |
| Suppliers | 440/4 | €87,196 | €92,470 | +€5,273 | +6.0% |
| Taxes, remuneration and social security | 45 | €13,676 | €8,691 | -€4,985 | -36.5% |
| Taxes | 450/3 | €13,233 | €7,718 | -€5,515 | -41.7% |
| Remuneration and social security | 454/9 | €443 | €973 | +€529 | +119% |
| Other amounts payable | 47/48 | €15,000 | €45,169 | +€30,169 | +201% |
| Accrued charges and deferred income | 492/3 | €961 | - | -€961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,111 | €4,770 | +€659 | +16.0% |
| Other operating charges | 640/8 | €995 | €1,086 | +€90 | +9.1% |
| Gross operating margin | 9900 | -€19,419 | €305 | +€19,725 | |
| Operating profit (loss) | 9901 | -€24,526 | -€5,550 | +€18,975 | +77.4% |
| Financial income | 75/76B | €60 | €2 | -€58 | -97.0% |
| Recurring financial income | 75 | €60 | €2 | -€58 | -97.0% |
| Financial charges | 65/66B | €1,315 | €1,304 | -€11 | -0.8% |
| Recurring financial charges | 65 | €1,315 | €1,304 | -€11 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,781 | -€6,852 | +€18,929 | +73.4% |
| Income taxes | 67/77 | €8,017 | -€8,017 | -€16,034 | |
| Profit (loss) for the period | 9904 | -€33,798 | €1,165 | +€34,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,798 | €1,165 | +€34,963 |
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 18 October 2026 via checked.be.