SIGNTEC: 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.
SIGNTEC
Largest movements
- Cash +€37,437
up €37,437 (+15.2%), from €245,855 to €283,292
mainly Depreciation (+€30,348) and Receivables within one year (+€27,104)
- Receivables within one year -€27,104
down €27,104 (-19.0%), from €143,019 to €115,916
of which Trade receivables: -€30,454
- Tangible fixed assets -€26,848
down €26,848 (-22.4%), from €119,595 to €92,747
of which Furniture and vehicles: -€18,945
- Stocks and contracts -€9,684
down €9,684 (-13.8%), from €70,204 to €60,520
- Deferred charges and accrued income -€8,921
down €8,921 (-75.9%), from €11,760 to €2,839
- Reserves -€53,508
down €53,508 (-10.7%), from €499,566 to €446,058
of which Distributable reserves: -€53,508
- Other debts +€16,525
up €16,525 (+2,801%), from €590 to €17,115
- Tax, wage and social debts +€13,504
up €13,504 (+29.3%), from €46,037 to €59,541
of which Taxes: +€10,139
- Trade debts -€12,241
down €12,241 (-59.9%), from €20,440 to €8,200
- Staff costs -€34,956
down €34,956 (-11.5%), from €303,490 to €268,534
- Gross operating margin -€32,025
down €32,025 (-8.9%), from €359,680 to €327,655
- Write-downs +€3,730
new in 2025: €3,730
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 | €591,423 | €555,703 | -€35,719 | -6.0% |
| Fixed assets | 21/28 | €120,585 | €93,137 | -€27,448 | -22.8% |
| Intangible fixed assets | 21 | €990 | €390 | -€600 | -60.6% |
| Tangible fixed assets | 22/27 | €119,595 | €92,747 | -€26,848 | -22.4% |
| Plant, machinery and equipment | 23 | €63,934 | €56,032 | -€7,902 | -12.4% |
| Furniture and vehicles | 24 | €55,661 | €36,716 | -€18,945 | -34.0% |
| Current assets | 29/58 | €470,838 | €462,567 | -€8,271 | -1.8% |
| Stocks and contracts in progress | 3 | €70,204 | €60,520 | -€9,684 | -13.8% |
| Stocks | 30/36 | €70,204 | €60,520 | -€9,684 | -13.8% |
| Amounts receivable within one year | 40/41 | €143,019 | €115,916 | -€27,104 | -19.0% |
| Trade receivables | 40 | €89,718 | €59,264 | -€30,454 | -33.9% |
| Other amounts receivable | 41 | €53,302 | €56,652 | +€3,350 | +6.3% |
| Cash at bank and in hand | 54/58 | €245,855 | €283,292 | +€37,437 | +15.2% |
| Deferred charges and accrued income | 490/1 | €11,760 | €2,839 | -€8,921 | -75.9% |
| Total equity and liabilities | 10/49 | €591,423 | €555,703 | -€35,719 | -6.0% |
| Equity | 10/15 | €524,355 | €470,848 | -€53,508 | -10.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €499,566 | €446,058 | -€53,508 | -10.7% |
| Tax-exempt reserves | 132 | €55,868 | €55,868 | = | 0.0% |
| Distributable reserves | 133 | €443,698 | €390,190 | -€53,508 | -12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,067 | €84,856 | +€17,788 | +26.5% |
| Amounts payable within one year | 42/48 | €67,067 | €84,856 | +€17,788 | +26.5% |
| Trade debts | 44 | €20,440 | €8,200 | -€12,241 | -59.9% |
| Suppliers | 440/4 | €20,440 | €8,200 | -€12,241 | -59.9% |
| Taxes, remuneration and social security | 45 | €46,037 | €59,541 | +€13,504 | +29.3% |
| Taxes | 450/3 | €10,944 | €21,083 | +€10,139 | +92.7% |
| Remuneration and social security | 454/9 | €35,094 | €38,458 | +€3,365 | +9.6% |
| Other amounts payable | 47/48 | €590 | €17,115 | +€16,525 | +2,801% |
| Remuneration, social security and pensions | 62 | €303,490 | €268,534 | -€34,956 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,290 | €30,348 | -€942 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,730 | +€3,730 | |
| Other operating charges | 640/8 | €1,873 | €2,065 | +€192 | +10.3% |
| Gross operating margin | 9900 | €359,680 | €327,655 | -€32,025 | -8.9% |
| Operating profit (loss) | 9901 | €23,027 | €22,978 | -€49 | -0.2% |
| Financial income | 75/76B | €2,148 | €3,723 | +€1,575 | +73.3% |
| Recurring financial income | 75 | €2,148 | €3,723 | +€1,575 | +73.3% |
| Financial charges | 65/66B | €1,110 | €2,495 | +€1,384 | +125% |
| Recurring financial charges | 65 | €1,110 | €2,495 | +€1,384 | +125% |
| Profit (loss) for the period before taxes | 9903 | €24,065 | €24,206 | +€141 | +0.6% |
| Income taxes | 67/77 | €4,370 | €7,064 | +€2,694 | +61.6% |
| Profit (loss) for the period | 9904 | €19,695 | €17,142 | -€2,553 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,695 | €17,142 | -€2,553 | -13.0% |
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 15 October 2026 via checked.be.