SIGNELEC: what changed
Two fiscal 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.
What changed
SIGNELEC
NACE 33.200, Installation of industrial machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,923
2024 · €25,316-€17,393
Equity
€416,693
2024 · €408,769+€7,923
Cash
€163,555
2024 · €146,482+€17,073
Balance sheet total
€558,349
2024 · €543,181+€15,168
Largest movements
Assets
- Cash +€17,073
up €17,073 (+11.7%), from €146,482 to €163,555
mainly Trade debts (+€13,328) and Net result for the year (+€7,923)
Equity and liabilities
- Trade debts +€13,328
up €13,328 (+14.3%), from €93,173 to €106,501
- Reserves +€10,000
up €10,000 (+2.6%), from €386,859 to €396,859
Income statement
- Gross operating margin -€23,075
down €23,075 (-17.9%), from €128,561 to €105,486
- Taxes -€5,635
down €5,635 (-62.8%), from €8,971 to €3,335
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.
Result 2024
€25,316
Gross operating margin
-€23,075
Staff costs
-€375
Depreciation
-€11
Other operating charges
+€382
Financial income
+€241
Financial charges
-€189
Taxes
+€5,635
Result 2025
€7,923
Cash bridge derived
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.
From operations
+€17,073
Investment
€0
Financing
€0
Cash 2024
€146,482
From operations (derived)
+€17,073
Net result for the year
+€7,923
Depreciation
+€3,552
Stocks and contracts
+€2,764
Receivables within one year
-€524
Deferred charges and accrued income
-€3,887
Trade debts
+€13,328
Tax, wage and social debts
-€4,877
Other debts
-€301
Accrued charges and deferred income
-€905
Cash 2025
€163,555
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,181 | €558,349 | +€15,168 | +2.8% |
| Fixed assets | 21/28 | €7,051 | €3,499 | -€3,552 | -50.4% |
| Tangible fixed assets | 22/27 | €6,845 | €3,293 | -€3,552 | -51.9% |
| Land and buildings | 22 | €2,404 | €1,202 | -€1,202 | -50.0% |
| Furniture and vehicles | 24 | €4,441 | €2,091 | -€2,350 | -52.9% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €536,131 | €554,851 | +€18,720 | +3.5% |
| Stocks and contracts in progress | 3 | €186,731 | €183,967 | -€2,764 | -1.5% |
| Stocks | 30/36 | €186,731 | €183,967 | -€2,764 | -1.5% |
| Amounts receivable within one year | 40/41 | €198,548 | €199,073 | +€524 | +0.3% |
| Trade receivables | 40 | €191,838 | €186,332 | -€5,506 | -2.9% |
| Other amounts receivable | 41 | €6,711 | €12,741 | +€6,030 | +89.9% |
| Cash at bank and in hand | 54/58 | €146,482 | €163,555 | +€17,073 | +11.7% |
| Deferred charges and accrued income | 490/1 | €4,369 | €8,256 | +€3,887 | +89.0% |
| Total equity and liabilities | 10/49 | €543,181 | €558,349 | +€15,168 | +2.8% |
| Equity | 10/15 | €408,769 | €416,693 | +€7,923 | +1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €386,859 | €396,859 | +€10,000 | +2.6% |
| Distributable reserves | 133 | €386,859 | €396,859 | +€10,000 | +2.6% |
| Profit (loss) carried forward | 14 | €3,318 | €1,241 | -€2,077 | -62.6% |
| Amounts payable | 17/49 | €134,412 | €141,657 | +€7,245 | +5.4% |
| Amounts payable within one year | 42/48 | €133,507 | €141,657 | +€8,150 | +6.1% |
| Trade debts | 44 | €93,173 | €106,501 | +€13,328 | +14.3% |
| Suppliers | 440/4 | €93,173 | €106,501 | +€13,328 | +14.3% |
| Taxes, remuneration and social security | 45 | €33,663 | €28,786 | -€4,877 | -14.5% |
| Taxes | 450/3 | €14,944 | €13,645 | -€1,299 | -8.7% |
| Remuneration and social security | 454/9 | €18,719 | €15,141 | -€3,578 | -19.1% |
| Other amounts payable | 47/48 | €6,671 | €6,370 | -€301 | -4.5% |
| Accrued charges and deferred income | 492/3 | €905 | - | -€905 | |
| Non-recurring operating income | 76A | €129 | - | -€129 | |
| Remuneration, social security and pensions | 62 | €91,601 | €91,975 | +€375 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €3,552 | +€11 | +0.3% |
| Other operating charges | 640/8 | €586 | €205 | -€382 | -65.1% |
| Gross operating margin | 9900 | €128,561 | €105,486 | -€23,075 | -17.9% |
| Operating profit (loss) | 9901 | €32,833 | €9,754 | -€23,079 | -70.3% |
| Financial income | 75/76B | €2,355 | €2,595 | +€241 | +10.2% |
| Recurring financial income | 75 | €2,355 | €2,595 | +€241 | +10.2% |
| Financial charges | 65/66B | €901 | €1,090 | +€189 | +21.0% |
| Recurring financial charges | 65 | €901 | €1,090 | +€189 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €34,286 | €11,258 | -€23,028 | -67.2% |
| Income taxes | 67/77 | €8,971 | €3,335 | -€5,635 | -62.8% |
| Profit (loss) for the period | 9904 | €25,316 | €7,923 | -€17,393 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,316 | €7,923 | -€17,393 | -68.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.