JB - SIGNS: 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.
JB - SIGNS
Largest movements
- Tangible fixed assets -€24,495
down €24,495 (-24.6%), from €99,557 to €75,062
- Cash +€10,504
up €10,504 (+84.4%), from €12,442 to €22,946
mainly Depreciation (+€31,814) and Trade debts (+€5,459)
- Deferred charges and accrued income +€3,557
up €3,557 (+43.7%), from €8,146 to €11,703
- Debts after one year -€8,710
down €8,710 (-34.1%), from €25,570 to €16,860
- Current portion of long-term debt -€7,893
down €7,893 (-38.3%), from €20,604 to €12,711
- Trade debts +€5,459
up €5,459 (+148%), from €3,686 to €9,145
- Tax, wage and social debts +€1,573
up €1,573 (+20.6%), from €7,635 to €9,208
- Gross operating margin +€1,184
up €1,184 (+3.2%), from €36,574 to €37,757
- Taxes +€916
up €916 (+102%), from €897 to €1,813
- Write-downs -€887
no longer reported in 2025 (was €887)
- Depreciation -€775
down €775 (-2.4%), from €32,589 to €31,814
- Financial charges -€400
down €400 (-20.0%), from €1,998 to €1,598
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 | €145,879 | €134,877 | -€11,002 | -7.5% |
| Fixed assets | 21/28 | €99,557 | €75,062 | -€24,495 | -24.6% |
| Tangible fixed assets | 22/27 | €99,557 | €75,062 | -€24,495 | -24.6% |
| Land and buildings | 22 | €26,413 | €19,628 | -€6,785 | -25.7% |
| Plant, machinery and equipment | 23 | €15,895 | €8,655 | -€7,240 | -45.5% |
| Furniture and vehicles | 24 | €57,249 | €46,779 | -€10,471 | -18.3% |
| Current assets | 29/58 | €46,322 | €59,815 | +€13,493 | +29.1% |
| Stocks and contracts in progress | 3 | €6,076 | €6,069 | -€7 | -0.1% |
| Stocks | 30/36 | €6,076 | €6,069 | -€7 | -0.1% |
| Amounts receivable within one year | 40/41 | €19,658 | €19,097 | -€561 | -2.9% |
| Trade receivables | 40 | €17,588 | €16,963 | -€625 | -3.6% |
| Other amounts receivable | 41 | €2,070 | €2,134 | +€64 | +3.1% |
| Cash at bank and in hand | 54/58 | €12,442 | €22,946 | +€10,504 | +84.4% |
| Deferred charges and accrued income | 490/1 | €8,146 | €11,703 | +€3,557 | +43.7% |
| Total equity and liabilities | 10/49 | €145,879 | €134,877 | -€11,002 | -7.5% |
| Equity | 10/15 | €88,144 | €86,817 | -€1,326 | -1.5% |
| Contributions | 10/11 | €53,311 | €53,311 | = | 0.0% |
| Reserves | 13 | €37,678 | €37,678 | = | 0.0% |
| Tax-exempt reserves | 132 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €37,400 | €37,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,845 | -€4,171 | -€1,326 | -46.6% |
| Amounts payable | 17/49 | €57,736 | €48,060 | -€9,676 | -16.8% |
| Amounts payable after more than one year | 17 | €25,570 | €16,860 | -€8,710 | -34.1% |
| Financial debts | 170/4 | €25,570 | €16,860 | -€8,710 | -34.1% |
| Amounts payable within one year | 42/48 | €32,030 | €31,064 | -€966 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €20,604 | €12,711 | -€7,893 | -38.3% |
| Trade debts | 44 | €3,686 | €9,145 | +€5,459 | +148% |
| Suppliers | 440/4 | €3,686 | €9,145 | +€5,459 | +148% |
| Taxes, remuneration and social security | 45 | €7,635 | €9,208 | +€1,573 | +20.6% |
| Taxes | 450/3 | €7,635 | €9,208 | +€1,573 | +20.6% |
| Other amounts payable | 47/48 | €105 | €0 | -€105 | -100% |
| Accrued charges and deferred income | 492/3 | €136 | €136 | = | 0.0% |
| Non-recurring operating income | 76A | - | €702 | +€702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,589 | €31,814 | -€775 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €887 | - | -€887 | |
| Other operating charges | 640/8 | €3,670 | €3,915 | +€246 | +6.7% |
| Gross operating margin | 9900 | €36,574 | €37,757 | +€1,184 | +3.2% |
| Operating profit (loss) | 9901 | -€573 | €2,028 | +€2,601 | |
| Financial income | 75/76B | €19 | €57 | +€38 | +201% |
| Recurring financial income | 75 | €19 | €57 | +€38 | +201% |
| Financial charges | 65/66B | €1,998 | €1,598 | -€400 | -20.0% |
| Recurring financial charges | 65 | €1,998 | €1,598 | -€400 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,552 | €487 | +€3,039 | |
| Transfer from deferred taxes | 780 | €116 | - | -€116 | |
| Income taxes | 67/77 | €897 | €1,813 | +€916 | +102% |
| Profit (loss) for the period | 9904 | -€3,333 | -€1,326 | +€2,006 | +60.2% |
| Transfer from tax-exempt reserves | 789 | €465 | - | -€465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,868 | -€1,326 | +€1,542 | +53.8% |
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 23 October 2026 via checked.be.