SIGNATEKST: 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.
SIGNATEKST
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets -€279,792
down €279,792 (-18.3%), from €1.5m to €1.2m
of which Plant, machinery and equipment: -€392,182
- Receivables within one year -€237,015
down €237,015 (-28.8%), from €823,311 to €586,296
of which Trade receivables: -€266,688
- Cash +€114,164
up €114,164 (+10.2%), from €1.1m to €1.2m
mainly Depreciation (+€474,539) and Net result for the year (+€384,400)
- Stocks and contracts +€80,407
up €80,407 (+28.7%), from €280,630 to €361,037
- Profit (loss) carried forward +€399,739
up €399,739 (+18.6%), from €2.1m to €2.5m
- Trade debts -€163,227
down €163,227 (-81.6%), from €200,008 to €36,781
- Debts after one year -€116,000
down €116,000 (-25.1%), from €461,650 to €345,650
- Other debts +€53,081
up €53,081 (+15.5%), from €341,401 to €394,482
- Gross operating margin -€313,711
down €313,711 (-23.0%), from €1.4m to €1.0m
- Taxes -€63,897
down €63,897 (-34.6%), from €184,798 to €120,902
- Staff costs -€39,206
no longer reported in 2025 (was €39,206)
- Depreciation -€30,014
down €30,014 (-5.9%), from €504,553 to €474,539
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 | €3,781,502 | €3,946,926 | +€165,424 | +4.4% |
| Fixed assets | 21/28 | €1,530,298 | €1,250,506 | -€279,792 | -18.3% |
| Tangible fixed assets | 22/27 | €1,525,099 | €1,245,307 | -€279,792 | -18.3% |
| Land and buildings | 22 | €664,341 | €782,274 | +€117,933 | +17.8% |
| Plant, machinery and equipment | 23 | €851,655 | €459,473 | -€392,182 | -46.0% |
| Furniture and vehicles | 24 | €9,103 | €3,560 | -€5,543 | -60.9% |
| Financial fixed assets | 28 | €5,200 | €5,200 | = | 0.0% |
| Current assets | 29/58 | €2,251,204 | €2,696,420 | +€445,216 | +19.8% |
| Stocks and contracts in progress | 3 | €280,630 | €361,037 | +€80,407 | +28.7% |
| Stocks | 30/36 | €280,630 | €361,037 | +€80,407 | +28.7% |
| Amounts receivable within one year | 40/41 | €823,311 | €586,296 | -€237,015 | -28.8% |
| Trade receivables | 40 | €774,773 | €508,085 | -€266,688 | -34.4% |
| Other amounts receivable | 41 | €48,538 | €78,211 | +€29,673 | +61.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €1,124,097 | €1,238,261 | +€114,164 | +10.2% |
| Deferred charges and accrued income | 490/1 | €23,166 | €10,827 | -€12,339 | -53.3% |
| Total equity and liabilities | 10/49 | €3,781,502 | €3,946,926 | +€165,424 | +4.4% |
| Equity | 10/15 | €2,617,426 | €3,001,826 | +€384,400 | +14.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €273,020 | €257,682 | -€15,339 | -5.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,374 | €70,035 | -€15,339 | -18.0% |
| Distributable reserves | 133 | €167,646 | €167,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,144,406 | €2,544,145 | +€399,739 | +18.6% |
| Provisions and deferred taxes | 16 | €28,458 | €23,345 | -€5,113 | -18.0% |
| Deferred taxes | 168 | €28,458 | €23,345 | -€5,113 | -18.0% |
| Amounts payable | 17/49 | €1,135,618 | €921,755 | -€213,864 | -18.8% |
| Amounts payable after more than one year | 17 | €461,650 | €345,650 | -€116,000 | -25.1% |
| Financial debts | 170/4 | €461,650 | €345,650 | -€116,000 | -25.1% |
| Amounts payable within one year | 42/48 | €660,916 | €563,052 | -€97,864 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €116,000 | €116,000 | = | 0.0% |
| Trade debts | 44 | €200,008 | €36,781 | -€163,227 | -81.6% |
| Suppliers | 440/4 | €200,008 | €36,781 | -€163,227 | -81.6% |
| Taxes, remuneration and social security | 45 | €3,506 | €15,788 | +€12,282 | +350% |
| Taxes | 450/3 | €3,506 | €15,788 | +€12,282 | +350% |
| Other amounts payable | 47/48 | €341,401 | €394,482 | +€53,081 | +15.5% |
| Accrued charges and deferred income | 492/3 | €13,053 | €13,053 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,206 | - | -€39,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,553 | €474,539 | -€30,014 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €958 | +€958 | |
| Other operating charges | 640/8 | €65,429 | €66,577 | +€1,148 | +1.8% |
| Gross operating margin | 9900 | €1,361,313 | €1,047,602 | -€313,711 | -23.0% |
| Operating profit (loss) | 9901 | €752,125 | €505,528 | -€246,597 | -32.8% |
| Financial income | 75/76B | €16,639 | €10,745 | -€5,894 | -35.4% |
| Recurring financial income | 75 | €16,639 | €10,745 | -€5,894 | -35.4% |
| Financial charges | 65/66B | €17,388 | €16,084 | -€1,305 | -7.5% |
| Recurring financial charges | 65 | €17,388 | €16,084 | -€1,305 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €751,376 | €500,189 | -€251,187 | -33.4% |
| Transfer from deferred taxes | 780 | €5,113 | €5,113 | = | 0.0% |
| Income taxes | 67/77 | €184,798 | €120,902 | -€63,897 | -34.6% |
| Profit (loss) for the period | 9904 | €571,691 | €384,400 | -€187,290 | -32.8% |
| Transfer from tax-exempt reserves | 789 | €15,339 | €15,339 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €587,029 | €399,739 | -€187,290 | -31.9% |
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 26 October 2026 via checked.be.