SIGNALIS: 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.
SIGNALIS
Largest movements
- Receivables within one year +€16,504
up €16,504 (+56.9%), from €29,024 to €45,528
of which Trade receivables: +€15,264
- Tangible fixed assets +€9,966
up €9,966 (+6.3%), from €159,248 to €169,213
of which Plant, machinery and equipment: +€16,576
- Cash +€4,521
up €4,521 (+7.6%), from €59,335 to €63,856
mainly Depreciation (+€17,869) and Net result for the year (+€14,833)
- Reserves +€14,000
up €14,000 (+753%), from €1,860 to €15,860
of which Distributable reserves: +€14,000
- Trade debts +€8,707
up €8,707 (+245%), from €3,551 to €12,258
- Other debts -€6,495
down €6,495 (-8.6%), from €75,126 to €68,630
- Current portion of long-term debt +€5,565
up €5,565 (+62.7%), from €8,873 to €14,438
- Accrued charges and deferred income +€2,961
up €2,961 (+103%), from €2,862 to €5,823
- Gross operating margin +€39,479
up €39,479 (+1,544%), from €2,558 to €42,037
- Other operating charges -€8,833
down €8,833 (-86.8%), from €10,172 to €1,339
- Write-downs +€8,683
no longer reported in 2025 (was -€8,683)
- Taxes +€2,340
up €2,340 (+558%), from €420 to €2,760
- Depreciation +€1,589
up €1,589 (+9.8%), from €16,279 to €17,869
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 | €251,089 | €280,598 | +€29,509 | +11.8% |
| Fixed assets | 21/28 | €159,248 | €169,213 | +€9,966 | +6.3% |
| Tangible fixed assets | 22/27 | €159,248 | €169,213 | +€9,966 | +6.3% |
| Land and buildings | 22 | €91,301 | €84,434 | -€6,866 | -7.5% |
| Plant, machinery and equipment | 23 | - | €16,576 | +€16,576 | |
| Furniture and vehicles | 24 | €5,333 | €6,700 | +€1,368 | +25.6% |
| Other tangible fixed assets | 26 | €62,614 | €61,502 | -€1,112 | -1.8% |
| Current assets | 29/58 | €91,841 | €111,385 | +€19,543 | +21.3% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,024 | €45,528 | +€16,504 | +56.9% |
| Trade receivables | 40 | €29,024 | €44,288 | +€15,264 | +52.6% |
| Other amounts receivable | 41 | - | €1,240 | +€1,240 | |
| Cash at bank and in hand | 54/58 | €59,335 | €63,856 | +€4,521 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,482 | - | -€1,482 | |
| Total equity and liabilities | 10/49 | €251,089 | €280,598 | +€29,509 | +11.8% |
| Equity | 10/15 | €48,600 | €62,600 | +€14,000 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,860 | +€14,000 | +753% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €28,140 | €28,140 | +€0 | 0.0% |
| Amounts payable | 17/49 | €202,489 | €217,998 | +€15,509 | +7.7% |
| Amounts payable after more than one year | 17 | €107,527 | €109,963 | +€2,437 | +2.3% |
| Financial debts | 170/4 | €107,527 | €109,963 | +€2,437 | +2.3% |
| Amounts payable within one year | 42/48 | €92,101 | €102,212 | +€10,111 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €8,873 | €14,438 | +€5,565 | +62.7% |
| Trade debts | 44 | €3,551 | €12,258 | +€8,707 | +245% |
| Suppliers | 440/4 | €3,551 | €12,258 | +€8,707 | +245% |
| Taxes, remuneration and social security | 45 | €4,551 | €6,886 | +€2,335 | +51.3% |
| Taxes | 450/3 | €4,551 | €6,886 | +€2,335 | +51.3% |
| Other amounts payable | 47/48 | €75,126 | €68,630 | -€6,495 | -8.6% |
| Accrued charges and deferred income | 492/3 | €2,862 | €5,823 | +€2,961 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,279 | €17,869 | +€1,589 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,683 | - | +€8,683 | |
| Other operating charges | 640/8 | €10,172 | €1,339 | -€8,833 | -86.8% |
| Gross operating margin | 9900 | €2,558 | €42,037 | +€39,479 | +1,544% |
| Operating profit (loss) | 9901 | -€15,211 | €22,829 | +€38,040 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,948 | €5,236 | +€288 | +5.8% |
| Recurring financial charges | 65 | €4,948 | €5,236 | +€288 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,158 | €17,593 | +€37,752 | |
| Income taxes | 67/77 | €420 | €2,760 | +€2,340 | +558% |
| Profit (loss) for the period | 9904 | -€20,578 | €14,833 | +€35,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,578 | €14,833 | +€35,411 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.