SIGNUM: 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.
SIGNUM
Largest movements
- Stocks and contracts -€3,216
down €3,216 (-16.7%), from €19,217 to €16,001
of which Stocks: -€4,954
- Cash -€2,994
down €2,994 (-99.4%), from €3,013 to €19
mainly Trade debts (-€6,582) and Receivables within one year (-€1,836)
- Receivables within one year +€1,836
up €1,836 (+11.0%), from €16,724 to €18,560
of which Trade receivables: +€4,818
- Trade debts -€6,582
down €6,582 (-52.8%), from €12,459 to €5,877
- Current portion of long-term debt -€1,188
down €1,188 (-100%), from €1,188 to €0
- Tax, wage and social debts +€1,050
up €1,050 (+24.0%), from €4,373 to €5,423
- Other debts +€968
up €968, from €0 to €968
- Short-term financial debts +€729
up €729 (+13.2%), from €5,517 to €6,247
- Gross operating margin -€4,377
down €4,377 (-61.0%), from €7,172 to €2,795
- Write-downs -€4,008
down €4,008 (-100%), from €4,008 to €0
- Depreciation -€2,675
down €2,675 (-89.7%), from €2,983 to €307
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 | €40,585 | €35,830 | -€4,754 | -11.7% |
| Fixed assets | 21/28 | €1,168 | €779 | -€389 | -33.3% |
| Tangible fixed assets | 22/27 | €1,168 | €779 | -€389 | -33.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €81 | €0 | -€81 | -100% |
| Furniture and vehicles | 24 | €1,086 | €779 | -€307 | -28.3% |
| Current assets | 29/58 | €39,417 | €35,052 | -€4,365 | -11.1% |
| Stocks and contracts in progress | 3 | €19,217 | €16,001 | -€3,216 | -16.7% |
| Stocks | 30/36 | €4,954 | €0 | -€4,954 | -100% |
| Contracts in progress | 37 | €14,264 | €16,001 | +€1,737 | +12.2% |
| Amounts receivable within one year | 40/41 | €16,724 | €18,560 | +€1,836 | +11.0% |
| Trade receivables | 40 | €11,681 | €16,499 | +€4,818 | +41.2% |
| Other amounts receivable | 41 | €5,043 | €2,061 | -€2,981 | -59.1% |
| Cash at bank and in hand | 54/58 | €3,013 | €19 | -€2,994 | -99.4% |
| Deferred charges and accrued income | 490/1 | €462 | €472 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €40,585 | €35,830 | -€4,754 | -11.7% |
| Equity | 10/15 | €17,047 | €17,316 | +€268 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,808 | €4,915 | +€107 | +2.2% |
| Distributable reserves | 133 | €4,808 | €4,915 | +€107 | +2.2% |
| Profit (loss) carried forward | 14 | -€162 | €0 | +€162 | |
| Amounts payable | 17/49 | €23,537 | €18,515 | -€5,023 | -21.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,537 | €18,515 | -€5,023 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €1,188 | €0 | -€1,188 | -100% |
| Financial debts | 43 | €5,517 | €6,247 | +€729 | +13.2% |
| Credit institutions | 430/8 | €5,517 | €6,247 | +€729 | +13.2% |
| Trade debts | 44 | €12,459 | €5,877 | -€6,582 | -52.8% |
| Suppliers | 440/4 | €12,459 | €5,877 | -€6,582 | -52.8% |
| Taxes, remuneration and social security | 45 | €4,373 | €5,423 | +€1,050 | +24.0% |
| Taxes | 450/3 | €4,373 | €5,423 | +€1,050 | +24.0% |
| Other amounts payable | 47/48 | €0 | €968 | +€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,983 | €307 | -€2,675 | -89.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,008 | €0 | -€4,008 | -100% |
| Other operating charges | 640/8 | €1,086 | €1,056 | -€30 | -2.8% |
| Non-recurring operating charges | 66A | €0 | €81 | +€81 | |
| Gross operating margin | 9900 | €7,172 | €2,795 | -€4,377 | -61.0% |
| Operating profit (loss) | 9901 | -€904 | €1,350 | +€2,254 | |
| Financial income | 75/76B | €41 | €99 | +€58 | +144% |
| Recurring financial income | 75 | €41 | €99 | +€58 | +144% |
| Financial charges | 65/66B | €878 | €854 | -€24 | -2.7% |
| Recurring financial charges | 65 | €878 | €854 | -€24 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,742 | €595 | +€2,337 | |
| Income taxes | 67/77 | €279 | €327 | +€47 | +17.0% |
| Profit (loss) for the period | 9904 | -€2,021 | €268 | +€2,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,021 | €268 | +€2,289 |
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 17 October 2026 via checked.be.