SIGNORE: 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.
SIGNORE
Largest movements
- Stocks and contracts +€4,342
up €4,342 (+16.1%), from €26,905 to €31,247
- Cash -€2,599
down €2,599 (-12.7%), from €20,481 to €17,881
mainly Net result for the year (-€8,356) and Stocks and contracts (-€4,342)
- Intangible fixed assets -€2,470
down €2,470 (-41.6%), from €5,937 to €3,467
- Trade debts +€9,191
up €9,191 (+42.5%), from €21,643 to €30,833
- Profit (loss) carried forward -€8,356
down €8,356 (-30.2%), from -€27,680 to -€36,035
- Debts after one year -€1,917
down €1,917 (-16.4%), from €11,665 to €9,748
of which Financial debts: -€6,917
- Gross operating margin -€3,943
down €3,943 (-623%), from -€633 to -€4,575
- Depreciation +€997
up €997 (+67.7%), from €1,473 to €2,470
- Write-downs -€857
no longer reported in 2025 (was €857)
- Other operating charges -€388
down €388 (-49.3%), from €788 to €400
- Financial income -€202
no longer reported in 2025 (was €202)
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 | €73,115 | €73,021 | -€94 | -0.1% |
| Fixed assets | 21/28 | €5,937 | €3,467 | -€2,470 | -41.6% |
| Intangible fixed assets | 21 | €5,937 | €3,467 | -€2,470 | -41.6% |
| Current assets | 29/58 | €67,178 | €69,554 | +€2,376 | +3.5% |
| Stocks and contracts in progress | 3 | €26,905 | €31,247 | +€4,342 | +16.1% |
| Stocks | 30/36 | €26,905 | €31,247 | +€4,342 | +16.1% |
| Amounts receivable within one year | 40/41 | €19,112 | €19,623 | +€511 | +2.7% |
| Trade receivables | 40 | €18,032 | €19,182 | +€1,150 | +6.4% |
| Other amounts receivable | 41 | €1,081 | €441 | -€639 | -59.2% |
| Cash at bank and in hand | 54/58 | €20,481 | €17,881 | -€2,599 | -12.7% |
| Deferred charges and accrued income | 490/1 | €681 | €803 | +€122 | +17.9% |
| Total equity and liabilities | 10/49 | €73,115 | €73,021 | -€94 | -0.1% |
| Equity | 10/15 | €22,320 | €13,965 | -€8,356 | -37.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,680 | -€36,035 | -€8,356 | -30.2% |
| Amounts payable | 17/49 | €50,795 | €59,056 | +€8,261 | +16.3% |
| Amounts payable after more than one year | 17 | €11,665 | €9,748 | -€1,917 | -16.4% |
| Financial debts | 170/4 | €11,665 | €4,748 | -€6,917 | -59.3% |
| Other amounts payable | 178/9 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €38,582 | €49,309 | +€10,726 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €6,680 | €6,917 | +€238 | +3.6% |
| Trade debts | 44 | €21,643 | €30,833 | +€9,191 | +42.5% |
| Suppliers | 440/4 | €21,643 | €30,833 | +€9,191 | +42.5% |
| Taxes, remuneration and social security | 45 | - | €631 | +€631 | |
| Taxes | 450/3 | - | €631 | +€631 | |
| Other amounts payable | 47/48 | €10,260 | €10,927 | +€667 | +6.5% |
| Accrued charges and deferred income | 492/3 | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €2,470 | +€997 | +67.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €857 | - | -€857 | |
| Other operating charges | 640/8 | €788 | €400 | -€388 | -49.3% |
| Gross operating margin | 9900 | -€633 | -€4,575 | -€3,943 | -623% |
| Operating profit (loss) | 9901 | -€3,751 | -€7,445 | -€3,694 | -98.5% |
| Financial income | 75/76B | €202 | - | -€202 | |
| Recurring financial income | 75 | €202 | - | -€202 | |
| Financial charges | 65/66B | €1,038 | €910 | -€128 | -12.3% |
| Recurring financial charges | 65 | €1,038 | €910 | -€128 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,587 | -€8,356 | -€3,768 | -82.2% |
| Profit (loss) for the period | 9904 | -€4,587 | -€8,356 | -€3,768 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,587 | -€8,356 | -€3,768 | -82.2% |
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 30 October 2026 via checked.be.