SIGNART: 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.
SIGNART
Largest movements
- Receivables within one year +€31,662
up €31,662 (+109%), from €28,992 to €60,654
of which Other amounts receivable: +€21,265
- Cash +€3,766
up €3,766 (+7.9%), from €47,379 to €51,145
mainly Net result for the year (+€35,714) and Tax, wage and social debts (+€4,223)
- Profit (loss) carried forward +€24,914
new in 2025: €24,914
- Reserves +€10,000
up €10,000 (+16.2%), from €61,799 to €71,799
of which Distributable reserves: +€10,000
- Tax, wage and social debts +€4,223
up €4,223 (+66.3%), from €6,365 to €10,588
of which Remuneration and social security: +€4,000
- Other debts -€1,680
down €1,680 (-75.0%), from €2,240 to €560
- Trade debts -€1,670
down €1,670 (-41.2%), from €4,053 to €2,383
- Financial charges -€38,522
down €38,522 (-97.0%), from €39,700 to €1,179
- Taxes +€9,262
up €9,262 (+413%), from €2,243 to €11,505
- Gross operating margin +€3,953
up €3,953 (+8.9%), from €44,554 to €48,507
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 | €80,656 | €116,443 | +€35,787 | +44.4% |
| Fixed assets | 21/28 | €1,966 | €2,395 | +€429 | +21.8% |
| Tangible fixed assets | 22/27 | €1,966 | €2,395 | +€429 | +21.8% |
| Plant, machinery and equipment | 23 | €1,200 | €1,200 | = | 0.0% |
| Furniture and vehicles | 24 | €766 | €1,195 | +€429 | +56.0% |
| Current assets | 29/58 | €78,690 | €114,048 | +€35,358 | +44.9% |
| Amounts receivable within one year | 40/41 | €28,992 | €60,654 | +€31,662 | +109% |
| Trade receivables | 40 | €12,363 | €22,759 | +€10,397 | +84.1% |
| Other amounts receivable | 41 | €16,629 | €37,894 | +€21,265 | +128% |
| Cash at bank and in hand | 54/58 | €47,379 | €51,145 | +€3,766 | +7.9% |
| Deferred charges and accrued income | 490/1 | €2,319 | €2,249 | -€70 | -3.0% |
| Total equity and liabilities | 10/49 | €80,656 | €116,443 | +€35,787 | +44.4% |
| Equity | 10/15 | €67,999 | €102,912 | +€34,914 | +51.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €61,799 | €71,799 | +€10,000 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,939 | €69,939 | +€10,000 | +16.7% |
| Profit (loss) carried forward | 14 | - | €24,914 | +€24,914 | |
| Amounts payable | 17/49 | €12,658 | €13,531 | +€873 | +6.9% |
| Amounts payable within one year | 42/48 | €12,658 | €13,531 | +€873 | +6.9% |
| Trade debts | 44 | €4,053 | €2,383 | -€1,670 | -41.2% |
| Suppliers | 440/4 | €4,053 | €2,383 | -€1,670 | -41.2% |
| Taxes, remuneration and social security | 45 | €6,365 | €10,588 | +€4,223 | +66.3% |
| Taxes | 450/3 | €6,365 | €6,588 | +€223 | +3.5% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €2,240 | €560 | -€1,680 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | €796 | -€405 | -33.7% |
| Other operating charges | 640/8 | €729 | €792 | +€63 | +8.7% |
| Gross operating margin | 9900 | €44,554 | €48,507 | +€3,953 | +8.9% |
| Operating profit (loss) | 9901 | €42,625 | €46,919 | +€4,294 | +10.1% |
| Financial income | 75/76B | €1,707 | €1,479 | -€228 | -13.3% |
| Recurring financial income | 75 | €1,707 | €1,479 | -€228 | -13.3% |
| Financial charges | 65/66B | €39,700 | €1,179 | -€38,522 | -97.0% |
| Recurring financial charges | 65 | €39,700 | €1,179 | -€38,522 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €4,631 | €47,219 | +€42,588 | +920% |
| Income taxes | 67/77 | €2,243 | €11,505 | +€9,262 | +413% |
| Profit (loss) for the period | 9904 | €2,388 | €35,714 | +€33,326 | +1,396% |
| Profit (loss) for the period to be appropriated | 9905 | €2,388 | €35,714 | +€33,326 | +1,396% |
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 29 October 2026 via checked.be.