LE SIGNE: 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.
LE SIGNE
Largest movements
- Receivables within one year +€21,070
up €21,070 (+32.4%), from €65,099 to €86,169
of which Other amounts receivable: +€21,084
- Cash +€18,033
up €18,033 (+14.8%), from €122,074 to €140,107
mainly Accrued charges and deferred income (+€42,498) and Depreciation (+€22,530)
- Tangible fixed assets -€15,337
down €15,337 (-6.2%), from €248,970 to €233,633
of which Plant, machinery and equipment: -€10,197
- Accrued charges and deferred income +€42,498
up €42,498 (+77.1%), from €55,125 to €97,623
- Debts within one year +€11,386
up €11,386 (+9.6%), from €118,134 to €129,520
of which Tax, wage and social debts: +€10,098
- Debts after one year -€11,030
down €11,030 (-12.3%), from €89,863 to €78,833
- Investment grants -€10,977
down €10,977 (-11.7%), from €93,753 to €82,776
- Profit (loss) carried forward -€6,177
down €6,177 (-7.0%), from €88,053 to €81,876
- Staff costs +€49,482
up €49,482 (+10.0%), from €495,145 to €544,627
- Gross operating margin +€45,119
up €45,119 (+8.7%), from €518,143 to €563,262
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 | €444,928 | €470,628 | +€25,700 | +5.8% |
| Fixed assets | 21/28 | €251,462 | €236,079 | -€15,383 | -6.1% |
| Intangible fixed assets | 21 | €1,692 | €846 | -€846 | -50.0% |
| Tangible fixed assets | 22/27 | €248,970 | €233,633 | -€15,337 | -6.2% |
| Land and buildings | 22 | €90,529 | €87,944 | -€2,585 | -2.9% |
| Plant, machinery and equipment | 23 | €154,650 | €144,453 | -€10,197 | -6.6% |
| Furniture and vehicles | 24 | €2,033 | €1,236 | -€797 | -39.2% |
| Assets under construction and advance payments | 27 | €1,758 | - | -€1,758 | |
| Financial fixed assets | 28 | €800 | €1,600 | +€800 | +100% |
| Current assets | 29/58 | €193,466 | €234,549 | +€41,083 | +21.2% |
| Amounts receivable within one year | 40/41 | €65,099 | €86,169 | +€21,070 | +32.4% |
| Trade receivables | 40 | €14 | - | -€14 | |
| Other amounts receivable | 41 | €65,085 | €86,169 | +€21,084 | +32.4% |
| Cash at bank and in hand | 54/58 | €122,074 | €140,107 | +€18,033 | +14.8% |
| Deferred charges and accrued income | 490/1 | €6,293 | €8,273 | +€1,980 | +31.5% |
| Total equity and liabilities | 10/49 | €444,928 | €470,628 | +€25,700 | +5.8% |
| Equity | 10/15 | €181,806 | €164,652 | -€17,154 | -9.4% |
| Profit (loss) carried forward | 14 | €88,053 | €81,876 | -€6,177 | -7.0% |
| Investment grants | 15 | €93,753 | €82,776 | -€10,977 | -11.7% |
| Amounts payable | 17/49 | €263,122 | €305,976 | +€42,854 | +16.3% |
| Amounts payable after more than one year | 17 | €89,863 | €78,833 | -€11,030 | -12.3% |
| Financial debts | 170/4 | €89,863 | €78,833 | -€11,030 | -12.3% |
| Amounts payable within one year | 42/48 | €118,134 | €129,520 | +€11,386 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €10,812 | €11,030 | +€218 | +2.0% |
| Trade debts | 44 | €5,585 | €6,655 | +€1,070 | +19.2% |
| Suppliers | 440/4 | €5,585 | €6,655 | +€1,070 | +19.2% |
| Taxes, remuneration and social security | 45 | €77,666 | €87,764 | +€10,098 | +13.0% |
| Taxes | 450/3 | €12,684 | €14,524 | +€1,840 | +14.5% |
| Remuneration and social security | 454/9 | €64,982 | €73,240 | +€8,258 | +12.7% |
| Accrued charges and deferred income | 492/3 | €55,125 | €97,623 | +€42,498 | +77.1% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €495,145 | €544,627 | +€49,482 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,799 | €22,530 | -€269 | -1.2% |
| Other operating charges | 640/8 | €12 | €153 | +€141 | +1,175% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €518,143 | €563,262 | +€45,119 | +8.7% |
| Operating profit (loss) | 9901 | €187 | -€4,080 | -€4,267 | |
| Financial charges | 65/66B | €2,312 | €2,097 | -€215 | -9.3% |
| Recurring financial charges | 65 | €2,312 | €2,097 | -€215 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,125 | -€6,177 | -€4,052 | -191% |
| Profit (loss) for the period | 9904 | -€2,125 | -€6,177 | -€4,052 | -191% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,125 | -€6,177 | -€4,052 | -191% |
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 28 October 2026 via checked.be.