SIGNCO: what changed
What changed
SIGNCO
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€843,215
2024 · -€950,429+€1.8m
Equity
€5.1m
2024 · €4.3m+€843,215
Cash
€1.4m
2024 · €965,027+€417,389
Balance sheet total
€11.9m
2024 · €12.1m-€171,435
Largest movements
Assets
- Cash +€417,389
up €417,389 (+43.3%), from €965,027 to €1.4m
mainly Depreciation (+€1.2m) and Net result for the year (+€843,215)
- Tangible fixed assets -€320,648
down €320,648 (-17.2%), from €1.9m to €1.5m
of which Furniture and vehicles: -€192,396
- Receivables within one year -€297,424
down €297,424 (-5.6%), from €5.3m to €5.0m
of which Trade receivables: -€431,082
- Stocks and contracts +€247,504
up €247,504 (+8.4%), from €3.0m to €3.2m
- Intangible fixed assets -€217,944
down €217,944 (-24.9%), from €876,722 to €658,778
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-45.7%), from €2.5m to €1.4m
- Profit (loss) carried forward +€843,215
up €843,215 (+31.0%), from €2.7m to €3.6m
- Debts after one year +€378,917
up €378,917 (+9.2%), from €4.1m to €4.5m
of which Financial debts: +€378,917
- Accrued charges and deferred income -€364,412
down €364,412 (-96.3%), from €378,388 to €13,976
- Short-term financial debts +€158,158
up €158,158 (+161%), from €98,481 to €256,639
Income statement
- Turnover +€1.4m
up €1.4m (+8.0%), from €17.7m to €19.1m
- Services and other goods -€561,985
down €561,985 (-11.2%), from €5.0m to €4.5m
- Staff costs +€441,738
up €441,738 (+10.4%), from €4.2m to €4.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€950,429
Turnover
+€1.4m
Other operating income
-€13,194
Goods and materials
+€136,384
Services and other goods
+€561,985
Staff costs
-€441,738
Depreciation
+€160,972
Write-downs
+€2,363
Other operating charges
-€55,504
Other operating items
-€21,046
Financial income
+€989
Financial charges
+€15,239
Taxes
+€28,453
Result 2025
€843,215
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€472,092
Investment
-€589,501
Financing
+€534,797
Cash 2024
€965,027
From operations (derived)
+€472,092
Net result for the year
+€843,215
Depreciation
+€1.2m
Stocks and contracts
-€247,504
Receivables within one year
+€297,424
Deferred charges and accrued income
-€25,984
Trade debts
-€1.1m
Tax, wage and social debts
-€38,217
Accrued charges and deferred income
-€364,412
Investment (derived)
-€589,501
Investment in fixed assets (net)
-€589,501
Financing
+€534,797
Debts after one year
+€378,917
Current portion of long-term debt
-€2,278
Short-term financial debts
+€158,158
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,051,963 | €11,880,528 | -€171,435 | -1.4% |
| Fixed assets | 21/28 | €2,807,520 | €2,242,633 | -€564,887 | -20.1% |
| Intangible fixed assets | 21 | €876,722 | €658,778 | -€217,944 | -24.9% |
| Tangible fixed assets | 22/27 | €1,865,523 | €1,544,874 | -€320,648 | -17.2% |
| Land and buildings | 22 | - | €14,621 | +€14,621 | |
| Plant, machinery and equipment | 23 | €1,273,767 | €1,142,110 | -€131,657 | -10.3% |
| Furniture and vehicles | 24 | €548,039 | €355,643 | -€192,396 | -35.1% |
| Other tangible fixed assets | 26 | €43,716 | €32,500 | -€11,216 | -25.7% |
| Financial fixed assets | 28 | €65,276 | €38,981 | -€26,294 | -40.3% |
| Other financial fixed assets | 284/8 | €65,276 | €38,981 | -€26,294 | -40.3% |
| Amounts receivable and cash guarantees | 285/8 | €65,276 | €38,981 | -€26,294 | -40.3% |
| Current assets | 29/58 | €9,244,443 | €9,637,895 | +€393,452 | +4.3% |
| Stocks and contracts in progress | 3 | €2,951,479 | €3,198,983 | +€247,504 | +8.4% |
| Stocks | 30/36 | €2,951,479 | €3,198,983 | +€247,504 | +8.4% |
| Goods purchased for resale | 34 | €2,951,479 | €3,198,983 | +€247,504 | +8.4% |
| Amounts receivable within one year | 40/41 | €5,307,415 | €5,009,991 | -€297,424 | -5.6% |
| Trade receivables | 40 | €5,296,415 | €4,865,333 | -€431,082 | -8.1% |
| Other amounts receivable | 41 | €11,000 | €144,658 | +€133,658 | +1,215% |
| Cash at bank and in hand | 54/58 | €965,027 | €1,382,416 | +€417,389 | +43.3% |
| Deferred charges and accrued income | 490/1 | €20,521 | €46,505 | +€25,984 | +127% |
| Total equity and liabilities | 10/49 | €12,051,963 | €11,880,528 | -€171,435 | -1.4% |
| Equity | 10/15 | €4,257,136 | €5,100,351 | +€843,215 | +19.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,514,208 | €1,514,208 | = | 0.0% |
| Tax-exempt reserves | 132 | €766,608 | €19,008 | -€747,600 | -97.5% |
| Distributable reserves | 133 | €747,600 | €1,495,200 | +€747,600 | +100% |
| Profit (loss) carried forward | 14 | €2,722,468 | €3,565,683 | +€843,215 | +31.0% |
| Provisions and deferred taxes | 16 | €9,787 | €9,787 | = | 0.0% |
| Deferred taxes | 168 | €9,787 | €9,787 | = | 0.0% |
| Amounts payable | 17/49 | €7,785,040 | €6,770,390 | -€1.0m | -13.0% |
| Amounts payable after more than one year | 17 | €4,111,810 | €4,490,727 | +€378,917 | +9.2% |
| Financial debts | 170/4 | €2,711,810 | €3,090,727 | +€378,917 | +14.0% |
| Credit institutions | 173 | €132,892 | €84,375 | -€48,517 | -36.5% |
| Other loans | 174 | €2,578,918 | €3,006,352 | +€427,433 | +16.6% |
| Other amounts payable | 178/9 | €1,400,000 | €1,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,294,842 | €2,265,687 | -€1.0m | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €54,748 | €52,470 | -€2,278 | -4.2% |
| Financial debts | 43 | €98,481 | €256,639 | +€158,158 | +161% |
| Credit institutions | 430/8 | €98,481 | €256,639 | +€158,158 | +161% |
| Trade debts | 44 | €2,511,958 | €1,365,139 | -€1.1m | -45.7% |
| Suppliers | 440/4 | €2,511,958 | €1,365,139 | -€1.1m | -45.7% |
| Taxes, remuneration and social security | 45 | €629,655 | €591,439 | -€38,217 | -6.1% |
| Taxes | 450/3 | €268,582 | €165,263 | -€103,319 | -38.5% |
| Remuneration and social security | 454/9 | €361,074 | €426,176 | +€65,102 | +18.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €378,388 | €13,976 | -€364,412 | -96.3% |
| Operating income | 70/76A | €17,954,217 | €19,367,262 | +€1.4m | +7.9% |
| Turnover | 70 | €17,658,779 | €19,077,519 | +€1.4m | +8.0% |
| Other operating income | 74 | €295,438 | €282,244 | -€13,194 | -4.5% |
| Non-recurring operating income | 76A | €0 | €7,500 | +€7,500 | |
| Operating charges | 60/66A | €18,293,206 | €17,957,288 | -€335,917 | -1.8% |
| Goods for resale, raw materials and consumables | 60 | €7,590,290 | €7,453,906 | -€136,384 | -1.8% |
| Purchases | 600/8 | €7,430,168 | €7,701,410 | +€271,242 | +3.7% |
| Change in stocks: decrease (increase) | 609 | €160,123 | -€247,504 | -€407,627 | |
| Services and other goods | 61 | €5,016,509 | €4,454,525 | -€561,985 | -11.2% |
| Remuneration, social security and pensions | 62 | €4,243,690 | €4,685,428 | +€441,738 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315,360 | €1,154,388 | -€160,972 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,363 | -€2,363 | |
| Other operating charges | 640/8 | €127,356 | €182,859 | +€55,504 | +43.6% |
| Non-recurring operating charges | 66A | €0 | €28,546 | +€28,546 | |
| Operating profit (loss) | 9901 | -€338,988 | €1,409,974 | +€1.7m | |
| Financial income | 75/76B | €2,109 | €3,098 | +€989 | +46.9% |
| Recurring financial income | 75 | €2,109 | €3,098 | +€989 | +46.9% |
| Income from current assets | 751 | €17 | €0 | -€17 | -100% |
| Other financial income | 752/9 | €2,091 | €3,098 | +€1,007 | +48.1% |
| Financial charges | 65/66B | €331,757 | €316,517 | -€15,239 | -4.6% |
| Recurring financial charges | 65 | €331,757 | €316,517 | -€15,239 | -4.6% |
| Debt charges | 650 | €313,752 | €297,497 | -€16,256 | -5.2% |
| Other financial charges | 652/9 | €18,004 | €19,021 | +€1,016 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€668,636 | €1,096,555 | +€1.8m | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €281,793 | €253,340 | -€28,453 | -10.1% |
| Taxes | 670/3 | €281,793 | €253,340 | -€28,453 | -10.1% |
| Profit (loss) for the period | 9904 | -€950,429 | €843,215 | +€1.8m | |
| Transfer from tax-exempt reserves | 789 | €0 | €747,600 | +€747,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€950,429 | €1,590,815 | +€2.5m |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.