LS SIGNATURE: what changed
LS SIGNATURE
Largest movements
- Receivables within one year +€51,774
up €51,774 (+67.0%), from €77,277 to €129,052
of which Other amounts receivable: +€91,569
- Tangible fixed assets -€6,047
down €6,047 (-3.4%), from €180,214 to €174,167
of which Land and buildings: -€5,606
- Cash +€5,848
up €5,848 (+11.2%), from €52,256 to €58,104
mainly Net result for the year (+€52,068) and Depreciation (+€6,542)
- Profit (loss) carried forward +€52,068
up €52,068 (+35.6%), from €146,369 to €198,438
- Trade debts +€5,380
up €5,380 (+424%), from €1,268 to €6,647
- Debts after one year -€4,893
down €4,893 (-3.9%), from €125,051 to €120,158
- Gross operating margin -€42,081
down €42,081 (-34.8%), from €120,877 to €78,796
- Taxes -€9,390
down €9,390 (-40.0%), from €23,471 to €14,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,332 | €362,294 | +€50,962 | +16.4% |
| Fixed assets | 21/28 | €180,214 | €174,167 | -€6,047 | -3.4% |
| Tangible fixed assets | 22/27 | €180,214 | €174,167 | -€6,047 | -3.4% |
| Land and buildings | 22 | €178,767 | €173,161 | -€5,606 | -3.1% |
| Plant, machinery and equipment | 23 | - | €349 | +€349 | |
| Furniture and vehicles | 24 | €1,447 | €658 | -€789 | -54.5% |
| Current assets | 29/58 | €131,118 | €188,127 | +€57,008 | +43.5% |
| Amounts receivable within one year | 40/41 | €77,277 | €129,052 | +€51,774 | +67.0% |
| Trade receivables | 40 | €48,560 | €8,765 | -€39,795 | -82.0% |
| Other amounts receivable | 41 | €28,717 | €120,287 | +€91,569 | +319% |
| Cash at bank and in hand | 54/58 | €52,256 | €58,104 | +€5,848 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,584 | €971 | -€614 | -38.7% |
| Total equity and liabilities | 10/49 | €311,332 | €362,294 | +€50,962 | +16.4% |
| Equity | 10/15 | €151,369 | €203,438 | +€52,068 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,369 | €198,438 | +€52,068 | +35.6% |
| Amounts payable | 17/49 | €159,963 | €158,856 | -€1,107 | -0.7% |
| Amounts payable after more than one year | 17 | €125,051 | €120,158 | -€4,893 | -3.9% |
| Financial debts | 170/4 | €125,051 | €120,158 | -€4,893 | -3.9% |
| Amounts payable within one year | 42/48 | €34,912 | €38,698 | +€3,786 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €13,529 | €11,626 | -€1,903 | -14.1% |
| Trade debts | 44 | €1,268 | €6,647 | +€5,380 | +424% |
| Suppliers | 440/4 | €1,268 | €6,647 | +€5,380 | +424% |
| Taxes, remuneration and social security | 45 | €19,977 | €20,286 | +€309 | +1.5% |
| Taxes | 450/3 | €19,977 | €20,286 | +€309 | +1.5% |
| Other amounts payable | 47/48 | €139 | €139 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,738 | €6,542 | +€804 | +14.0% |
| Other operating charges | 640/8 | €55 | - | -€55 | |
| Gross operating margin | 9900 | €120,877 | €78,796 | -€42,081 | -34.8% |
| Operating profit (loss) | 9901 | €115,085 | €72,254 | -€42,830 | -37.2% |
| Financial charges | 65/66B | €5,526 | €6,105 | +€579 | +10.5% |
| Recurring financial charges | 65 | €5,526 | €6,105 | +€579 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €109,559 | €66,149 | -€43,410 | -39.6% |
| Income taxes | 67/77 | €23,471 | €14,081 | -€9,390 | -40.0% |
| Profit (loss) for the period | 9904 | €86,088 | €52,068 | -€34,020 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,088 | €52,068 | -€34,020 | -39.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.