SIGNTS: 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.
SIGNTS
Largest movements
- Tangible fixed assets +€52,808
up €52,808 (+25.2%), from €209,395 to €262,202
of which Furniture and vehicles: +€60,193
- Cash +€16,108
up €16,108 (+4.3%), from €371,442 to €387,550
mainly Trade debts (+€154,630) and Debts after one year (+€45,763)
- Receivables within one year +€14,927
up €14,927 (+4.5%), from €328,294 to €343,222
of which Other amounts receivable: +€21,414
- Trade debts +€154,630
up €154,630 (+182.1%), from €84,936 to €239,566
- Other debts -€98,000
down €98,000 (-43.9%), from €223,000 to €125,000
- Debts after one year +€45,763
up €45,763, from €0 to €45,763
- Current portion of long-term debt -€12,791
down €12,791 (-47.3%), from €27,028 to €14,237
- Gross operating margin -€249,774
down €249,774 (-21.9%), from €1.1m to €892,073
- Staff costs -€45,588
down €45,588 (-5.3%), from €867,254 to €821,666
- Taxes -€42,465
down €42,465 (-86.3%), from €49,201 to €6,737
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €928,158 | €1,013,317 | +€85,159 | +9.2% |
| Fixed assets | 21/28 | €209,895 | €262,202 | +€52,308 | +24.9% |
| Tangible fixed assets | 22/27 | €209,395 | €262,202 | +€52,808 | +25.2% |
| Plant, machinery and equipment | 23 | €37,492 | €30,215 | -€7,277 | -19.4% |
| Furniture and vehicles | 24 | €95,393 | €155,587 | +€60,193 | +63.1% |
| Other tangible fixed assets | 26 | €76,509 | €76,401 | -€108 | -0.1% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €718,264 | €751,115 | +€32,851 | +4.6% |
| Stocks and contracts in progress | 3 | €12,518 | €11,317 | -€1,201 | -9.6% |
| Stocks | 30/36 | €12,518 | €11,317 | -€1,201 | -9.6% |
| Amounts receivable within one year | 40/41 | €328,294 | €343,222 | +€14,927 | +4.5% |
| Trade receivables | 40 | €320,681 | €314,194 | -€6,487 | -2.0% |
| Other amounts receivable | 41 | €7,614 | €29,028 | +€21,414 | +281.3% |
| Cash at bank and in hand | 54/58 | €371,442 | €387,550 | +€16,108 | +4.3% |
| Deferred charges and accrued income | 490/1 | €6,010 | €9,027 | +€3,017 | +50.2% |
| Total equity and liabilities | 10/49 | €928,158 | €1,013,317 | +€85,159 | +9.2% |
| Equity | 10/15 | €444,850 | €448,854 | +€4,005 | +0.9% |
| Contributions | 10/11 | €69,500 | €69,500 | = | 0.0% |
| Capital | 10 | €69,500 | €69,500 | = | 0.0% |
| Issued capital | 100 | €69,500 | €69,500 | = | 0.0% |
| Reserves | 13 | €375,350 | €379,354 | +€4,005 | +1.1% |
| Non-distributable reserves | 130/1 | €6,950 | €6,950 | = | 0.0% |
| Legal reserve | 130 | €6,950 | €6,950 | = | 0.0% |
| Distributable reserves | 133 | €368,400 | €372,404 | +€4,005 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €483,308 | €564,463 | +€81,155 | +16.8% |
| Amounts payable after more than one year | 17 | €0 | €45,763 | +€45,763 | |
| Financial debts | 170/4 | €0 | €45,763 | +€45,763 | |
| Amounts payable within one year | 42/48 | €480,508 | €515,900 | +€35,391 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €27,028 | €14,237 | -€12,791 | -47.3% |
| Trade debts | 44 | €84,936 | €239,566 | +€154,630 | +182.1% |
| Suppliers | 440/4 | €84,936 | €239,566 | +€154,630 | +182.1% |
| Taxes, remuneration and social security | 45 | €145,544 | €137,097 | -€8,447 | -5.8% |
| Taxes | 450/3 | €26,023 | €14,391 | -€11,632 | -44.7% |
| Remuneration and social security | 454/9 | €119,521 | €122,706 | +€3,185 | +2.7% |
| Other amounts payable | 47/48 | €223,000 | €125,000 | -€98,000 | -43.9% |
| Accrued charges and deferred income | 492/3 | €2,800 | €2,800 | = | 0.0% |
| Non-recurring operating income | 76A | €296 | €0 | -€296 | -100.0% |
| Remuneration, social security and pensions | 62 | €867,254 | €821,666 | -€45,588 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,249 | €42,728 | +€3,479 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,323 | -€2,739 | +€584 | +17.6% |
| Other operating charges | 640/8 | €16,432 | €17,249 | +€817 | +5.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,141,847 | €892,073 | -€249,774 | -21.9% |
| Operating profit (loss) | 9901 | €222,234 | €13,167 | -€209,067 | -94.1% |
| Financial income | 75/76B | €1,614 | €92 | -€1,522 | -94.3% |
| Recurring financial income | 75 | €1,614 | €92 | -€1,522 | -94.3% |
| Financial charges | 65/66B | €2,584 | €2,518 | -€66 | -2.5% |
| Recurring financial charges | 65 | €2,584 | €2,518 | -€66 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €221,265 | €10,741 | -€210,523 | -95.1% |
| Income taxes | 67/77 | €49,201 | €6,737 | -€42,465 | -86.3% |
| Profit (loss) for the period | 9904 | €172,063 | €4,005 | -€168,059 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,063 | €4,005 | -€168,059 | -97.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.