SIGN IT: 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.
SIGN IT
Largest movements
- Receivables within one year -€21,155
down €21,155 (-35.7%), from €59,247 to €38,092
of which Trade receivables: -€27,234
- Tangible fixed assets -€17,681
down €17,681 (-6.6%), from €269,248 to €251,567
of which Land and buildings: -€16,596
- Cash -€12,865
down €12,865 (-25.2%), from €51,075 to €38,209
mainly Debts after one year (-€32,915) and Trade debts (-€17,201)
- Stocks and contracts -€8,981
down €8,981 (-44.6%), from €20,148 to €11,166
- Debts after one year -€32,915
down €32,915 (-66.3%), from €49,627 to €16,712
- Trade debts -€17,201
down €17,201 (-48.9%), from €35,179 to €17,978
- Tax, wage and social debts -€13,885
down €13,885 (-44.6%), from €31,133 to €17,248
of which Taxes: -€13,962
- Reserves +€11,700
up €11,700 (+8.3%), from €141,730 to €153,430
- Current portion of long-term debt -€8,384
down €8,384 (-17.8%), from €47,050 to €38,665
- Gross operating margin -€41,201
down €41,201 (-19.5%), from €210,907 to €169,705
- Staff costs -€17,642
down €17,642 (-13.5%), from €130,397 to €112,755
- Taxes -€5,993
down €5,993 (-52.3%), from €11,463 to €5,470
- Financial charges -€2,577
down €2,577 (-51.8%), from €4,973 to €2,396
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 | €401,334 | €340,650 | -€60,685 | -15.1% |
| Fixed assets | 21/28 | €270,865 | €251,567 | -€19,298 | -7.1% |
| Intangible fixed assets | 21 | €1,618 | €0 | -€1,618 | -100% |
| Tangible fixed assets | 22/27 | €269,248 | €251,567 | -€17,681 | -6.6% |
| Land and buildings | 22 | €247,703 | €231,107 | -€16,596 | -6.7% |
| Plant, machinery and equipment | 23 | €16,543 | €14,443 | -€2,100 | -12.7% |
| Furniture and vehicles | 24 | €5,002 | €6,017 | +€1,016 | +20.3% |
| Current assets | 29/58 | €130,469 | €89,082 | -€41,387 | -31.7% |
| Stocks and contracts in progress | 3 | €20,148 | €11,166 | -€8,981 | -44.6% |
| Stocks | 30/36 | €20,148 | €11,166 | -€8,981 | -44.6% |
| Amounts receivable within one year | 40/41 | €59,247 | €38,092 | -€21,155 | -35.7% |
| Trade receivables | 40 | €53,888 | €26,654 | -€27,234 | -50.5% |
| Other amounts receivable | 41 | €5,359 | €11,438 | +€6,080 | +113% |
| Cash at bank and in hand | 54/58 | €51,075 | €38,209 | -€12,865 | -25.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,615 | +€1,615 | |
| Total equity and liabilities | 10/49 | €401,334 | €340,650 | -€60,685 | -15.1% |
| Equity | 10/15 | €238,346 | €250,046 | +€11,701 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,730 | €153,430 | +€11,700 | +8.3% |
| Distributable reserves | 133 | €141,730 | €153,430 | +€11,700 | +8.3% |
| Profit (loss) carried forward | 14 | €78,016 | €78,016 | +€1 | 0.0% |
| Amounts payable | 17/49 | €162,989 | €90,603 | -€72,385 | -44.4% |
| Amounts payable after more than one year | 17 | €49,627 | €16,712 | -€32,915 | -66.3% |
| Financial debts | 170/4 | €49,627 | €16,712 | -€32,915 | -66.3% |
| Amounts payable within one year | 42/48 | €113,362 | €73,891 | -€39,471 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €47,050 | €38,665 | -€8,384 | -17.8% |
| Trade debts | 44 | €35,179 | €17,978 | -€17,201 | -48.9% |
| Suppliers | 440/4 | €35,179 | €17,978 | -€17,201 | -48.9% |
| Taxes, remuneration and social security | 45 | €31,133 | €17,248 | -€13,885 | -44.6% |
| Taxes | 450/3 | €22,377 | €8,415 | -€13,962 | -62.4% |
| Remuneration and social security | 454/9 | €8,756 | €8,834 | +€77 | +0.9% |
| Remuneration, social security and pensions | 62 | €130,397 | €112,755 | -€17,642 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,252 | €33,746 | +€494 | +1.5% |
| Other operating charges | 640/8 | €4,556 | €3,752 | -€804 | -17.7% |
| Gross operating margin | 9900 | €210,907 | €169,705 | -€41,201 | -19.5% |
| Operating profit (loss) | 9901 | €42,702 | €19,452 | -€23,249 | -54.4% |
| Financial income | 75/76B | €1,213 | €115 | -€1,098 | -90.5% |
| Recurring financial income | 75 | €1,213 | €115 | -€1,098 | -90.5% |
| Financial charges | 65/66B | €4,973 | €2,396 | -€2,577 | -51.8% |
| Recurring financial charges | 65 | €4,973 | €2,396 | -€2,577 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €38,942 | €17,171 | -€21,771 | -55.9% |
| Income taxes | 67/77 | €11,463 | €5,470 | -€5,993 | -52.3% |
| Profit (loss) for the period | 9904 | €27,478 | €11,701 | -€15,778 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,478 | €11,701 | -€15,778 | -57.4% |
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 18 October 2026 via checked.be.