LD-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.
LD-SIGN
Largest movements
- Receivables within one year -€71,623
down €71,623 (-71.7%), from €99,945 to €28,322
of which Trade receivables: -€83,188
- Cash +€45,029
up €45,029 (+1,643%), from €2,740 to €47,770
mainly Receivables within one year (+€71,623) and Depreciation (+€4,539)
- Tangible fixed assets -€4,539
down €4,539 (-76.6%), from €5,925 to €1,386
of which Plant, machinery and equipment: -€3,848
- Stocks and contracts -€2,030
down €2,030 (-17.8%), from €11,380 to €9,350
- Deferred charges and accrued income -€1,291
down €1,291 (-67.6%), from €1,911 to €620
- Trade debts -€25,616
down €25,616 (-88.2%), from €29,040 to €3,424
- Profit (loss) carried forward -€10,197
down €10,197 (-35.9%), from €28,396 to €18,199
- Tax, wage and social debts +€1,599
up €1,599 (+71.8%), from €2,226 to €3,825
- Gross operating margin -€42,292
down €42,292, from €36,764 to -€5,529
- Taxes -€8,623
down €8,623 (-99.4%), from €8,679 to €56
- Depreciation -€2,301
down €2,301 (-33.6%), from €6,840 to €4,539
- Financial income +€525
up €525 (+127%), from €414 to €939
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 | €121,901 | €87,448 | -€34,454 | -28.3% |
| Fixed assets | 21/28 | €5,925 | €1,386 | -€4,539 | -76.6% |
| Tangible fixed assets | 22/27 | €5,925 | €1,386 | -€4,539 | -76.6% |
| Plant, machinery and equipment | 23 | €3,848 | €0 | -€3,848 | -100% |
| Furniture and vehicles | 24 | €808 | €322 | -€487 | -60.2% |
| Other tangible fixed assets | 26 | €1,268 | €1,065 | -€204 | -16.1% |
| Current assets | 29/58 | €115,976 | €86,061 | -€29,915 | -25.8% |
| Stocks and contracts in progress | 3 | €11,380 | €9,350 | -€2,030 | -17.8% |
| Stocks | 30/36 | €11,380 | €9,350 | -€2,030 | -17.8% |
| Amounts receivable within one year | 40/41 | €99,945 | €28,322 | -€71,623 | -71.7% |
| Trade receivables | 40 | €89,459 | €6,271 | -€83,188 | -93.0% |
| Other amounts receivable | 41 | €10,486 | €22,051 | +€11,565 | +110% |
| Cash at bank and in hand | 54/58 | €2,740 | €47,770 | +€45,029 | +1,643% |
| Deferred charges and accrued income | 490/1 | €1,911 | €620 | -€1,291 | -67.6% |
| Total equity and liabilities | 10/49 | €121,901 | €87,448 | -€34,454 | -28.3% |
| Equity | 10/15 | €90,396 | €80,199 | -€10,197 | -11.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,396 | €18,199 | -€10,197 | -35.9% |
| Amounts payable | 17/49 | €31,505 | €7,249 | -€24,256 | -77.0% |
| Amounts payable within one year | 42/48 | €31,505 | €7,249 | -€24,256 | -77.0% |
| Trade debts | 44 | €29,040 | €3,424 | -€25,616 | -88.2% |
| Suppliers | 440/4 | €29,040 | €3,424 | -€25,616 | -88.2% |
| Taxes, remuneration and social security | 45 | €2,226 | €3,825 | +€1,599 | +71.8% |
| Taxes | 450/3 | €2,226 | €3,825 | +€1,599 | +71.8% |
| Other amounts payable | 47/48 | €239 | €0 | -€239 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,840 | €4,539 | -€2,301 | -33.6% |
| Other operating charges | 640/8 | €618 | €704 | +€86 | +13.9% |
| Non-recurring operating charges | 66A | €55 | €0 | -€55 | -100% |
| Gross operating margin | 9900 | €36,764 | -€5,529 | -€42,292 | |
| Operating profit (loss) | 9901 | €29,250 | -€10,771 | -€40,022 | |
| Financial income | 75/76B | €414 | €939 | +€525 | +127% |
| Recurring financial income | 75 | €414 | €939 | +€525 | +127% |
| Financial charges | 65/66B | €518 | €309 | -€209 | -40.4% |
| Recurring financial charges | 65 | €518 | €309 | -€209 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €29,146 | -€10,141 | -€39,287 | |
| Income taxes | 67/77 | €8,679 | €56 | -€8,623 | -99.4% |
| Profit (loss) for the period | 9904 | €20,466 | -€10,197 | -€30,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,466 | -€10,197 | -€30,664 |
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 21 October 2026 via checked.be.