Signs & Design: 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.
What changed
Signs & Design
NACE 43.240, Other construction installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,217
2024 · -€24,454+€34,670
Equity
-€34,108
2024 · -€44,325+€10,217
Cash
€7,453
2024 · €3,388+€4,065
Balance sheet total
€541,630
2024 · €490,192+€51,438
Largest movements
Assets
- Tangible fixed assets +€56,157
up €56,157 (+12.5%), from €450,671 to €506,828
of which Assets under construction and advance payments: +€59,263
Equity and liabilities
- Other debts +€43,039
up €43,039 (+72.2%), from €59,650 to €102,688
- Profit (loss) carried forward +€10,217
up €10,217 (+20.7%), from -€49,325 to -€39,108
Income statement
- Gross operating margin +€37,386
up €37,386 (+59.2%), from €63,130 to €100,516
- Staff costs -€13,557
down €13,557 (-24.5%), from €55,388 to €41,830
- Depreciation +€11,193
up €11,193 (+79.8%), from €14,034 to €25,227
- Taxes +€4,620
up €4,620 (+3335.3%), from €139 to €4,758
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
-€24,454
Gross operating margin
+€37,386
Staff costs
+€13,557
Depreciation
-€11,193
Other operating charges
-€34
Other operating items
-€27
Financial income
+€39
Financial charges
-€438
Taxes
-€4,620
Result 2025
€10,217
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
+€85,471
Investment
-€78,244
Financing
-€3,162
Cash 2024
€3,388
From operations (derived)
+€85,471
Net result for the year
+€10,217
Depreciation
+€25,227
Stocks and contracts
+€5,126
Receivables within one year
+€375
Deferred charges and accrued income
+€144
Trade debts
+€5,399
Tax, wage and social debts
-€4,055
Other debts
+€43,039
Investment (derived)
-€78,244
Investment in fixed assets (net)
-€78,244
Financing
-€3,162
Debts after one year
-€3,703
Current portion of long-term debt
+€541
Cash 2025
€7,453
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,192 | €541,630 | +€51,438 | +10.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €477,349 | €530,366 | +€53,017 | +11.1% |
| Intangible fixed assets | 21 | €26,677 | €23,537 | -€3,140 | -11.8% |
| Tangible fixed assets | 22/27 | €450,671 | €506,828 | +€56,157 | +12.5% |
| Land and buildings | 22 | €97,106 | €97,106 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,985 | €17,172 | -€5,812 | -25.3% |
| Furniture and vehicles | 24 | €570 | €3,277 | +€2,707 | +474.7% |
| Assets under construction and advance payments | 27 | €330,010 | €389,273 | +€59,263 | +18.0% |
| Current assets | 29/58 | €12,844 | €11,264 | -€1,579 | -12.3% |
| Stocks and contracts in progress | 3 | €6,691 | €1,565 | -€5,126 | -76.6% |
| Stocks | 30/36 | €6,691 | €1,565 | -€5,126 | -76.6% |
| Amounts receivable within one year | 40/41 | €921 | €546 | -€375 | -40.7% |
| Trade receivables | 40 | €889 | €514 | -€375 | -42.2% |
| Other amounts receivable | 41 | €32 | €32 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,388 | €7,453 | +€4,065 | +120.0% |
| Deferred charges and accrued income | 490/1 | €1,843 | €1,699 | -€144 | -7.8% |
| Total equity and liabilities | 10/49 | €490,192 | €541,630 | +€51,438 | +10.5% |
| Equity | 10/15 | -€44,325 | -€34,108 | +€10,217 | +23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,325 | -€39,108 | +€10,217 | +20.7% |
| Amounts payable | 17/49 | €534,517 | €575,738 | +€41,221 | +7.7% |
| Amounts payable after more than one year | 17 | €418,627 | €414,924 | -€3,703 | -0.9% |
| Financial debts | 170/4 | €418,627 | €414,924 | -€3,703 | -0.9% |
| Amounts payable within one year | 42/48 | €115,890 | €160,814 | +€44,924 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €25,659 | €26,200 | +€541 | +2.1% |
| Trade debts | 44 | €11,013 | €16,413 | +€5,399 | +49.0% |
| Suppliers | 440/4 | €11,013 | €16,413 | +€5,399 | +49.0% |
| Taxes, remuneration and social security | 45 | €19,568 | €15,513 | -€4,055 | -20.7% |
| Taxes | 450/3 | €8,678 | €10,388 | +€1,710 | +19.7% |
| Remuneration and social security | 454/9 | €10,890 | €5,125 | -€5,765 | -52.9% |
| Other amounts payable | 47/48 | €59,650 | €102,688 | +€43,039 | +72.2% |
| Remuneration, social security and pensions | 62 | €55,388 | €41,830 | -€13,557 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,034 | €25,227 | +€11,193 | +79.8% |
| Other operating charges | 640/8 | €909 | €943 | +€34 | +3.7% |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Gross operating margin | 9900 | €63,130 | €100,516 | +€37,386 | +59.2% |
| Operating profit (loss) | 9901 | -€7,200 | €32,489 | +€39,689 | |
| Financial income | 75/76B | €1 | €40 | +€39 | +3944.4% |
| Recurring financial income | 75 | €1 | €40 | +€39 | +3944.4% |
| Financial charges | 65/66B | €17,116 | €17,554 | +€438 | +2.6% |
| Recurring financial charges | 65 | €17,116 | €17,554 | +€438 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,315 | €14,975 | +€39,290 | |
| Income taxes | 67/77 | €139 | €4,758 | +€4,620 | +3335.3% |
| Profit (loss) for the period | 9904 | -€24,454 | €10,217 | +€34,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,454 | €10,217 | +€34,670 |
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 10 October 2026 via checked.be.