GRAPH!Cd'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.
GRAPH!Cd'SIGN
Largest movements
- Receivables within one year +€40,804
up €40,804 (+81.5%), from €50,082 to €90,886
of which Trade receivables: +€40,612
- Tangible fixed assets -€12,384
down €12,384 (-4.0%), from €312,422 to €300,038
of which Land and buildings: -€7,735
- Stocks and contracts -€11,837
down €11,837 (-36.8%), from €32,122 to €20,286
- Cash +€6,643
up €6,643 (+1,392%), from €477 to €7,120
mainly Depreciation (+€37,317) and Net result for the year (+€22,754)
- Debts after one year -€21,564
down €21,564 (-9.4%), from €229,374 to €207,810
- Reserves +€12,000
up €12,000 (+25.5%), from €47,000 to €59,000
- Profit (loss) carried forward +€10,754
up €10,754, from -€10,018 to €735
- Tax, wage and social debts +€8,397
up €8,397 (+127%), from €6,612 to €15,009
of which Taxes: +€6,497
- Short-term financial debts +€7,131
up €7,131 (+402%), from €1,772 to €8,902
- Gross operating margin +€16,049
up €16,049 (+23.7%), from €67,618 to €83,667
- Depreciation +€11,347
up €11,347 (+43.7%), from €25,970 to €37,317
- Financial charges +€2,506
up €2,506 (+19.5%), from €12,820 to €15,325
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 | €395,502 | €418,875 | +€23,374 | +5.9% |
| Fixed assets | 21/28 | €312,422 | €300,038 | -€12,384 | -4.0% |
| Tangible fixed assets | 22/27 | €312,422 | €300,038 | -€12,384 | -4.0% |
| Land and buildings | 22 | €174,406 | €166,671 | -€7,735 | -4.4% |
| Plant, machinery and equipment | 23 | €126,697 | €123,105 | -€3,592 | -2.8% |
| Furniture and vehicles | 24 | €11,319 | €10,262 | -€1,057 | -9.3% |
| Current assets | 29/58 | €83,080 | €118,837 | +€35,757 | +43.0% |
| Stocks and contracts in progress | 3 | €32,122 | €20,286 | -€11,837 | -36.8% |
| Stocks | 30/36 | €32,122 | €20,286 | -€11,837 | -36.8% |
| Amounts receivable within one year | 40/41 | €50,082 | €90,886 | +€40,804 | +81.5% |
| Trade receivables | 40 | €50,082 | €90,693 | +€40,612 | +81.1% |
| Other amounts receivable | 41 | - | €193 | +€193 | |
| Cash at bank and in hand | 54/58 | €477 | €7,120 | +€6,643 | +1,392% |
| Deferred charges and accrued income | 490/1 | €399 | €546 | +€147 | +36.7% |
| Total equity and liabilities | 10/49 | €395,502 | €418,875 | +€23,374 | +5.9% |
| Equity | 10/15 | €55,582 | €78,335 | +€22,754 | +40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,000 | €59,000 | +€12,000 | +25.5% |
| Distributable reserves | 133 | €47,000 | €59,000 | +€12,000 | +25.5% |
| Profit (loss) carried forward | 14 | -€10,018 | €735 | +€10,754 | |
| Amounts payable | 17/49 | €339,920 | €340,540 | +€620 | +0.2% |
| Amounts payable after more than one year | 17 | €229,374 | €207,810 | -€21,564 | -9.4% |
| Financial debts | 170/4 | €229,374 | €207,810 | -€21,564 | -9.4% |
| Amounts payable within one year | 42/48 | €110,546 | €132,430 | +€21,884 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €28,965 | €32,568 | +€3,603 | +12.4% |
| Financial debts | 43 | €1,772 | €8,902 | +€7,131 | +402% |
| Credit institutions | 430/8 | €1,772 | €8,902 | +€7,131 | +402% |
| Trade debts | 44 | €21,014 | €21,628 | +€614 | +2.9% |
| Suppliers | 440/4 | €21,014 | €21,628 | +€614 | +2.9% |
| Taxes, remuneration and social security | 45 | €6,612 | €15,009 | +€8,397 | +127% |
| Taxes | 450/3 | €5,212 | €11,709 | +€6,497 | +125% |
| Remuneration and social security | 454/9 | €1,400 | €3,300 | +€1,900 | +136% |
| Other amounts payable | 47/48 | €52,184 | €54,324 | +€2,140 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,970 | €37,317 | +€11,347 | +43.7% |
| Other operating charges | 640/8 | €1,750 | €1,025 | -€725 | -41.4% |
| Gross operating margin | 9900 | €67,618 | €83,667 | +€16,049 | +23.7% |
| Operating profit (loss) | 9901 | €39,899 | €45,326 | +€5,427 | +13.6% |
| Financial income | 75/76B | €198 | €148 | -€51 | -25.5% |
| Recurring financial income | 75 | €198 | €148 | -€51 | -25.5% |
| Financial charges | 65/66B | €12,820 | €15,325 | +€2,506 | +19.5% |
| Recurring financial charges | 65 | €12,820 | €15,325 | +€2,506 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €27,277 | €30,148 | +€2,871 | +10.5% |
| Income taxes | 67/77 | €7,051 | €7,394 | +€343 | +4.9% |
| Profit (loss) for the period | 9904 | €20,227 | €22,754 | +€2,527 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,227 | €22,754 | +€2,527 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.