SIGNICO: 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.
SIGNICO
Largest movements
- Cash +€49,882
up €49,882 (+52.8%), from €94,428 to €144,310
mainly Net result for the year (+€34,581) and Depreciation (+€31,504)
- Tangible fixed assets -€28,321
down €28,321 (-39.3%), from €72,018 to €43,697
of which Furniture and vehicles: -€19,024
- Receivables within one year +€5,761
up €5,761 (+5.7%), from €101,249 to €107,010
of which Trade receivables: +€2,935
- Reserves +€34,581
up €34,581 (+19.1%), from €181,350 to €215,931
of which Distributable reserves: +€36,086
- Trade debts +€19,639
up €19,639 (+177%), from €11,102 to €30,741
- Debts after one year -€14,052
down €14,052 (-24.4%), from €57,549 to €43,496
- Tax, wage and social debts -€8,318
down €8,318 (-74.0%), from €11,242 to €2,925
- Current portion of long-term debt -€4,528
no longer reported in 2025 (was €4,528)
- Gross operating margin +€12,759
up €12,759 (+11.3%), from €113,269 to €126,028
- Other operating charges +€3,455
up €3,455 (+222%), from €1,557 to €5,013
- Financial charges +€2,285
up €2,285 (+403%), from €567 to €2,851
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 | €271,166 | €298,488 | +€27,322 | +10.1% |
| Fixed assets | 21/28 | €73,389 | €45,068 | -€28,321 | -38.6% |
| Tangible fixed assets | 22/27 | €72,018 | €43,697 | -€28,321 | -39.3% |
| Plant, machinery and equipment | 23 | €21,546 | €12,249 | -€9,296 | -43.1% |
| Furniture and vehicles | 24 | €50,472 | €31,448 | -€19,024 | -37.7% |
| Financial fixed assets | 28 | €1,371 | €1,371 | = | 0.0% |
| Current assets | 29/58 | €197,777 | €253,420 | +€55,643 | +28.1% |
| Stocks and contracts in progress | 3 | €2,100 | €2,100 | = | 0.0% |
| Stocks | 30/36 | €2,100 | €2,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,249 | €107,010 | +€5,761 | +5.7% |
| Trade receivables | 40 | €83,430 | €86,366 | +€2,935 | +3.5% |
| Other amounts receivable | 41 | €17,818 | €20,644 | +€2,826 | +15.9% |
| Cash at bank and in hand | 54/58 | €94,428 | €144,310 | +€49,882 | +52.8% |
| Total equity and liabilities | 10/49 | €271,166 | €298,488 | +€27,322 | +10.1% |
| Equity | 10/15 | €179,745 | €214,326 | +€34,581 | +19.2% |
| Contributions | 10/11 | €6,224 | €6,224 | = | 0.0% |
| Reserves | 13 | €181,350 | €215,931 | +€34,581 | +19.1% |
| Non-distributable reserves | 130/1 | €1,505 | - | -€1,505 | |
| Reserves not available under the articles | 1311 | €1,505 | - | -€1,505 | |
| Distributable reserves | 133 | €179,845 | €215,931 | +€36,086 | +20.1% |
| Profit (loss) carried forward | 14 | -€7,829 | -€7,829 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,500 | €6,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,500 | €6,500 | = | 0.0% |
| Environmental obligations | 163 | €6,500 | - | -€6,500 | |
| Other liabilities and charges | 164/5 | - | €6,500 | +€6,500 | |
| Amounts payable | 17/49 | €84,921 | €77,662 | -€7,259 | -8.5% |
| Amounts payable after more than one year | 17 | €57,549 | €43,496 | -€14,052 | -24.4% |
| Financial debts | 170/4 | €57,549 | €43,496 | -€14,052 | -24.4% |
| Amounts payable within one year | 42/48 | €26,872 | €33,665 | +€6,793 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €4,528 | - | -€4,528 | |
| Trade debts | 44 | €11,102 | €30,741 | +€19,639 | +177% |
| Suppliers | 440/4 | €11,102 | €30,741 | +€19,639 | +177% |
| Taxes, remuneration and social security | 45 | €11,242 | €2,925 | -€8,318 | -74.0% |
| Taxes | 450/3 | €11,242 | €2,925 | -€8,318 | -74.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,789 | €39,194 | +€405 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,140 | €31,504 | +€364 | +1.2% |
| Other operating charges | 640/8 | €1,557 | €5,013 | +€3,455 | +222% |
| Gross operating margin | 9900 | €113,269 | €126,028 | +€12,759 | +11.3% |
| Operating profit (loss) | 9901 | €41,782 | €50,317 | +€8,535 | +20.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €567 | €2,851 | +€2,285 | +403% |
| Recurring financial charges | 65 | €567 | €2,851 | +€2,285 | +403% |
| Profit (loss) for the period before taxes | 9903 | €41,216 | €47,467 | +€6,251 | +15.2% |
| Income taxes | 67/77 | €12,500 | €12,886 | +€386 | +3.1% |
| Profit (loss) for the period | 9904 | €28,716 | €34,581 | +€5,865 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,716 | €34,581 | +€5,865 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.