SIGNE LAZER: 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.
SIGNE LAZER
Largest movements
- Receivables within one year +€19,213
up €19,213 (+139%), from €13,829 to €33,042
of which Trade receivables: +€21,686
- Cash -€6,712
down €6,712 (-1.6%), from €414,033 to €407,321
mainly Investment in fixed assets (net) (-€19,592) and Receivables within one year (-€19,213)
- Other debts +€27,011
up €27,011 (+12.3%), from €219,685 to €246,696
- Profit (loss) carried forward -€11,289
down €11,289 (-14.2%), from €79,677 to €68,388
- Tax, wage and social debts -€9,360
down €9,360 (-30.2%), from €30,982 to €21,622
of which Taxes: -€10,272
- Accrued charges and deferred income +€5,867
up €5,867 (+114%), from €5,134 to €11,001
- Gross operating margin -€61,700
down €61,700 (-23.9%), from €258,506 to €196,806
- Staff costs -€23,281
down €23,281 (-13.4%), from €173,487 to €150,207
- Financial charges -€21,183
down €21,183 (-36.6%), from €57,923 to €36,740
- Depreciation -€19,056
down €19,056 (-54.9%), from €34,735 to €15,678
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 | €485,680 | €501,221 | +€15,540 | +3.2% |
| Fixed assets | 21/28 | €38,839 | €42,754 | +€3,914 | +10.1% |
| Tangible fixed assets | 22/27 | €38,839 | €42,754 | +€3,914 | +10.1% |
| Land and buildings | 22 | €5,516 | €1,809 | -€3,707 | -67.2% |
| Furniture and vehicles | 24 | €33,323 | €40,944 | +€7,621 | +22.9% |
| Current assets | 29/58 | €446,841 | €458,467 | +€11,626 | +2.6% |
| Amounts receivable within one year | 40/41 | €13,829 | €33,042 | +€19,213 | +139% |
| Trade receivables | 40 | €3,760 | €25,445 | +€21,686 | +577% |
| Other amounts receivable | 41 | €10,069 | €7,596 | -€2,473 | -24.6% |
| Cash at bank and in hand | 54/58 | €414,033 | €407,321 | -€6,712 | -1.6% |
| Deferred charges and accrued income | 490/1 | €18,979 | €18,104 | -€875 | -4.6% |
| Total equity and liabilities | 10/49 | €485,680 | €501,221 | +€15,540 | +3.2% |
| Equity | 10/15 | €194,556 | €183,266 | -€11,289 | -5.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €53,378 | €53,378 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,170 | €10,170 | = | 0.0% |
| Legal reserve | 130 | €10,170 | €10,170 | = | 0.0% |
| Distributable reserves | 133 | €43,208 | €43,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,677 | €68,388 | -€11,289 | -14.2% |
| Provisions and deferred taxes | 16 | €33,978 | €35,020 | +€1,042 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €33,978 | €35,020 | +€1,042 | +3.1% |
| Other liabilities and charges | 164/5 | €33,978 | €35,020 | +€1,042 | +3.1% |
| Amounts payable | 17/49 | €257,147 | €282,935 | +€25,787 | +10.0% |
| Amounts payable within one year | 42/48 | €252,013 | €271,933 | +€19,920 | +7.9% |
| Financial debts | 43 | €976 | €867 | -€108 | -11.1% |
| Credit institutions | 430/8 | €976 | €867 | -€108 | -11.1% |
| Trade debts | 44 | €371 | €2,749 | +€2,377 | +641% |
| Suppliers | 440/4 | €371 | €2,749 | +€2,377 | +641% |
| Taxes, remuneration and social security | 45 | €30,982 | €21,622 | -€9,360 | -30.2% |
| Taxes | 450/3 | €13,236 | €2,963 | -€10,272 | -77.6% |
| Remuneration and social security | 454/9 | €17,746 | €18,658 | +€912 | +5.1% |
| Other amounts payable | 47/48 | €219,685 | €246,696 | +€27,011 | +12.3% |
| Accrued charges and deferred income | 492/3 | €5,134 | €11,001 | +€5,867 | +114% |
| Non-recurring operating income | 76A | - | €4,256 | +€4,256 | |
| Remuneration, social security and pensions | 62 | €173,487 | €150,207 | -€23,281 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,735 | €15,678 | -€19,056 | -54.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€766 | €1,042 | +€1,809 | |
| Other operating charges | 640/8 | €2,185 | €4,480 | +€2,295 | +105% |
| Non-recurring operating charges | 66A | - | €388 | +€388 | |
| Gross operating margin | 9900 | €258,506 | €196,806 | -€61,700 | -23.9% |
| Operating profit (loss) | 9901 | €48,866 | €25,012 | -€23,854 | -48.8% |
| Financial income | 75/76B | €249 | €604 | +€355 | +142% |
| Recurring financial income | 75 | €249 | €604 | +€355 | +142% |
| Financial charges | 65/66B | €57,923 | €36,740 | -€21,183 | -36.6% |
| Recurring financial charges | 65 | €57,923 | €36,740 | -€21,183 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,808 | -€11,124 | -€2,316 | -26.3% |
| Income taxes | 67/77 | €128 | €165 | +€37 | +28.9% |
| Profit (loss) for the period | 9904 | -€8,936 | -€11,289 | -€2,353 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,936 | -€11,289 | -€2,353 | -26.3% |
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 28 October 2026 via checked.be.