SIGNATURE PROJECTS: 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.
SIGNATURE PROJECTS
Largest movements
- Tangible fixed assets -€23,285
down €23,285 (-8.8%), from €265,686 to €242,401
of which Furniture and vehicles: -€11,863
- Profit (loss) carried forward -€17,932
down €17,932 (-21.3%), from -€84,339 to -€102,272
- Other debts -€6,097
down €6,097 (-1.8%), from €332,064 to €325,966
- Gross operating margin +€18,084
up €18,084, from -€11,514 to €6,570
- Financial income -€4,924
down €4,924 (-97.0%), from €5,075 to €151
of which Non-recurring financial income: -€4,871
- Depreciation +€1,029
up €1,029 (+4.6%), from €22,256 to €23,285
- Other operating charges -€802
down €802 (-41.5%), from €1,930 to €1,128
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 | €271,034 | €246,088 | -€24,946 | -9.2% |
| Fixed assets | 21/28 | €265,686 | €242,401 | -€23,285 | -8.8% |
| Tangible fixed assets | 22/27 | €265,686 | €242,401 | -€23,285 | -8.8% |
| Land and buildings | 22 | €188,304 | €182,624 | -€5,680 | -3.0% |
| Plant, machinery and equipment | 23 | €39,399 | €33,657 | -€5,743 | -14.6% |
| Furniture and vehicles | 24 | €37,983 | €26,120 | -€11,863 | -31.2% |
| Current assets | 29/58 | €5,348 | €3,687 | -€1,661 | -31.1% |
| Stocks and contracts in progress | 3 | €2,798 | €2,798 | = | 0.0% |
| Stocks | 30/36 | €2,798 | €2,798 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,363 | - | -€1,363 | |
| Other amounts receivable | 41 | €1,363 | - | -€1,363 | |
| Cash at bank and in hand | 54/58 | €1,187 | €889 | -€298 | -25.1% |
| Total equity and liabilities | 10/49 | €271,034 | €246,088 | -€24,946 | -9.2% |
| Equity | 10/15 | -€63,888 | -€81,820 | -€17,932 | -28.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,339 | -€102,272 | -€17,932 | -21.3% |
| Amounts payable | 17/49 | €334,923 | €327,909 | -€7,014 | -2.1% |
| Amounts payable within one year | 42/48 | €334,923 | €327,909 | -€7,014 | -2.1% |
| Trade debts | 44 | €2,577 | €979 | -€1,598 | -62.0% |
| Suppliers | 440/4 | €2,577 | €979 | -€1,598 | -62.0% |
| Taxes, remuneration and social security | 45 | €282 | €963 | +€681 | +242% |
| Taxes | 450/3 | €282 | €963 | +€681 | +242% |
| Other amounts payable | 47/48 | €332,064 | €325,966 | -€6,097 | -1.8% |
| Non-recurring operating income | 76A | €32 | - | -€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,256 | €23,285 | +€1,029 | +4.6% |
| Other operating charges | 640/8 | €1,930 | €1,128 | -€802 | -41.5% |
| Gross operating margin | 9900 | -€11,514 | €6,570 | +€18,084 | |
| Operating profit (loss) | 9901 | -€35,700 | -€17,843 | +€17,857 | +50.0% |
| Financial income | 75/76B | €5,075 | €151 | -€4,924 | -97.0% |
| Recurring financial income | 75 | €75 | €22 | -€53 | -70.6% |
| Non-recurring financial income | 76B | €5,000 | €129 | -€4,871 | -97.4% |
| Financial charges | 65/66B | €168 | €99 | -€69 | -40.9% |
| Recurring financial charges | 65 | €168 | €99 | -€69 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,793 | -€17,791 | +€13,002 | +42.2% |
| Income taxes | 67/77 | €142 | €141 | -€1 | -0.9% |
| Profit (loss) for the period | 9904 | -€30,936 | -€17,932 | +€13,003 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,936 | -€17,932 | +€13,003 | +42.0% |
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 21 October 2026 via checked.be.