ND - 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.
ND - SIGN
Largest movements
- Tangible fixed assets -€12,251
down €12,251 (-19.7%), from €62,135 to €49,884
of which Furniture and vehicles: -€17,109
- Cash -€6,115
down €6,115 (-10.6%), from €57,830 to €51,715
mainly Debts after one year (-€11,934) and Investment in fixed assets (net) (-€7,815)
- Receivables within one year +€2,562
up €2,562 (+15.3%), from €16,762 to €19,324
of which Other amounts receivable: +€1,760
- Debts after one year -€11,934
down €11,934 (-27.6%), from €43,278 to €31,344
- Tax, wage and social debts -€3,346
down €3,346 (-32.2%), from €10,399 to €7,053
- Current portion of long-term debt +€2,516
up €2,516 (+16.0%), from €15,736 to €18,253
- Gross operating margin -€17,795
down €17,795 (-42.8%), from €41,585 to €23,790
- Taxes -€5,006
down €5,006 (-78.3%), from €6,390 to €1,385
- Financial charges -€1,706
down €1,706 (-48.0%), from €3,551 to €1,846
- Depreciation +€1,592
up €1,592 (+8.6%), from €18,475 to €20,066
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 | €149,720 | €135,838 | -€13,882 | -9.3% |
| Fixed assets | 21/28 | €65,835 | €53,584 | -€12,251 | -18.6% |
| Tangible fixed assets | 22/27 | €62,135 | €49,884 | -€12,251 | -19.7% |
| Plant, machinery and equipment | 23 | - | €4,858 | +€4,858 | |
| Furniture and vehicles | 24 | €62,135 | €45,026 | -€17,109 | -27.5% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €83,885 | €82,254 | -€1,631 | -1.9% |
| Stocks and contracts in progress | 3 | €4,496 | €5,545 | +€1,049 | +23.3% |
| Stocks | 30/36 | €4,496 | €5,545 | +€1,049 | +23.3% |
| Amounts receivable within one year | 40/41 | €16,762 | €19,324 | +€2,562 | +15.3% |
| Trade receivables | 40 | €14,895 | €15,697 | +€801 | +5.4% |
| Other amounts receivable | 41 | €1,867 | €3,627 | +€1,760 | +94.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €57,830 | €51,715 | -€6,115 | -10.6% |
| Deferred charges and accrued income | 490/1 | €4,796 | €5,669 | +€873 | +18.2% |
| Total equity and liabilities | 10/49 | €149,720 | €135,838 | -€13,882 | -9.3% |
| Equity | 10/15 | €76,610 | €75,756 | -€854 | -1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €66,610 | €65,756 | -€854 | -1.3% |
| Distributable reserves | 133 | €66,610 | €65,756 | -€854 | -1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,110 | €60,082 | -€13,028 | -17.8% |
| Amounts payable after more than one year | 17 | €43,278 | €31,344 | -€11,934 | -27.6% |
| Financial debts | 170/4 | €43,278 | €31,344 | -€11,934 | -27.6% |
| Amounts payable within one year | 42/48 | €29,833 | €28,738 | -€1,095 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €15,736 | €18,253 | +€2,516 | +16.0% |
| Trade debts | 44 | €2,048 | €2,027 | -€21 | -1.0% |
| Suppliers | 440/4 | €2,048 | €2,027 | -€21 | -1.0% |
| Taxes, remuneration and social security | 45 | €10,399 | €7,053 | -€3,346 | -32.2% |
| Taxes | 450/3 | €10,399 | €7,053 | -€3,346 | -32.2% |
| Other amounts payable | 47/48 | €1,649 | €1,405 | -€244 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,475 | €20,066 | +€1,592 | +8.6% |
| Other operating charges | 640/8 | €604 | €619 | +€14 | +2.4% |
| Gross operating margin | 9900 | €41,585 | €23,790 | -€17,795 | -42.8% |
| Operating profit (loss) | 9901 | €22,506 | €3,105 | -€19,401 | -86.2% |
| Financial income | 75/76B | €8 | €245 | +€237 | +3,095% |
| Recurring financial income | 75 | €8 | €245 | +€237 | +3,095% |
| Financial charges | 65/66B | €3,551 | €1,846 | -€1,706 | -48.0% |
| Recurring financial charges | 65 | €3,551 | €1,846 | -€1,706 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €18,962 | €1,505 | -€17,457 | -92.1% |
| Income taxes | 67/77 | €6,390 | €1,385 | -€5,006 | -78.3% |
| Profit (loss) for the period | 9904 | €12,572 | €120 | -€12,452 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,572 | €120 | -€12,452 | -99.0% |
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 17 October 2026 via checked.be.