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
- Intangible fixed assets +€212,681
up €212,681 (+3,411%), from €6,236 to €218,917
- Tangible fixed assets -€24,702
down €24,702 (-98.1%), from €25,193 to €491
of which Other tangible fixed assets: -€22,542
- Cash -€15,776
down €15,776 (-80.6%), from €19,561 to €3,786
mainly Net result for the year (-€380,516) and Investment in fixed assets (net) (-€216,639)
- Receivables within one year -€12,056
down €12,056 (-28.6%), from €42,213 to €30,157
of which Other amounts receivable: -€12,570
- Other debts +€632,940
up €632,940 (+7.3%), from €8.7m to €9.3m
- Profit (loss) carried forward -€380,516
down €380,516 (-4.3%), from -€8.8m to -€9.2m
- Trade debts -€151,546
down €151,546 (-82.3%), from €184,094 to €32,548
- Accrued charges and deferred income +€56,856
up €56,856 (+8,507%), from €668 to €57,524
- Write-downs -€94,636
no longer reported in 2025 (was €94,636)
- Financial charges -€73,974
down €73,974 (-18.9%), from €390,643 to €316,670
- Staff costs +€59,365
up €59,365 (+119%), from €50,011 to €109,376
- Services and other goods -€33,281
down €33,281 (-24.7%), from €134,501 to €101,220
- Financial income -€11,188
down €11,188 (-25.2%), from €44,457 to €33,269
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 | €93,203 | €253,350 | +€160,147 | +172% |
| Fixed assets | 21/28 | €31,429 | €219,408 | +€187,979 | +598% |
| Intangible fixed assets | 21 | €6,236 | €218,917 | +€212,681 | +3,411% |
| Tangible fixed assets | 22/27 | €25,193 | €491 | -€24,702 | -98.1% |
| Plant, machinery and equipment | 23 | €2,652 | €491 | -€2,160 | -81.5% |
| Other tangible fixed assets | 26 | €22,542 | - | -€22,542 | |
| Current assets | 29/58 | €61,774 | €33,942 | -€27,832 | -45.1% |
| Amounts receivable within one year | 40/41 | €42,213 | €30,157 | -€12,056 | -28.6% |
| Trade receivables | 40 | - | €514 | +€514 | |
| Other amounts receivable | 41 | €42,213 | €29,643 | -€12,570 | -29.8% |
| Cash at bank and in hand | 54/58 | €19,561 | €3,786 | -€15,776 | -80.6% |
| Total equity and liabilities | 10/49 | €93,203 | €253,350 | +€160,147 | +172% |
| Equity | 10/15 | -€8,798,049 | -€9,178,565 | -€380,516 | -4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,808,049 | -€9,188,565 | -€380,516 | -4.3% |
| Amounts payable | 17/49 | €8,891,253 | €9,431,915 | +€540,663 | +6.1% |
| Amounts payable within one year | 42/48 | €8,890,584 | €9,374,391 | +€483,807 | +5.4% |
| Trade debts | 44 | €184,094 | €32,548 | -€151,546 | -82.3% |
| Suppliers | 440/4 | €184,094 | €32,548 | -€151,546 | -82.3% |
| Taxes, remuneration and social security | 45 | €7,461 | €9,874 | +€2,413 | +32.3% |
| Remuneration and social security | 454/9 | €7,461 | €9,874 | +€2,413 | +32.3% |
| Other amounts payable | 47/48 | €8,699,030 | €9,331,970 | +€632,940 | +7.3% |
| Accrued charges and deferred income | 492/3 | €668 | €57,524 | +€56,856 | +8,507% |
| Operating income | 70/76A | €160 | €156,715 | +€156,554 | +97,651% |
| Other operating income | 74 | €160 | €152 | -€8 | -5.2% |
| Non-recurring operating income | 76A | - | €156,563 | +€156,563 | |
| Operating charges | 60/66A | €4,159,734 | €253,829 | -€3.9m | -93.9% |
| Services and other goods | 61 | €134,501 | €101,220 | -€33,281 | -24.7% |
| Remuneration, social security and pensions | 62 | €50,011 | €109,376 | +€59,365 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,049 | €28,660 | -€2,389 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,636 | - | -€94,636 | |
| Other operating charges | 640/8 | €2,490 | €4,610 | +€2,120 | +85.2% |
| Non-recurring operating charges | 66A | €3,847,047 | €9,962 | -€3.8m | -99.7% |
| Operating profit (loss) | 9901 | -€4,159,574 | -€97,115 | +€4.1m | +97.7% |
| Financial income | 75/76B | €44,457 | €33,269 | -€11,188 | -25.2% |
| Recurring financial income | 75 | €44,457 | €33,269 | -€11,188 | -25.2% |
| Other financial income | 752/9 | €44,457 | €33,269 | -€11,188 | -25.2% |
| Financial charges | 65/66B | €390,643 | €316,670 | -€73,974 | -18.9% |
| Recurring financial charges | 65 | €390,643 | €316,670 | -€73,974 | -18.9% |
| Debt charges | 650 | €330,206 | €310,680 | -€19,526 | -5.9% |
| Other financial charges | 652/9 | €60,437 | €5,990 | -€54,447 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,505,760 | -€380,516 | +€4.1m | +91.6% |
| Profit (loss) for the period | 9904 | -€4,505,760 | -€380,516 | +€4.1m | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,505,760 | -€380,516 | +€4.1m | +91.6% |
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 18 October 2026 via checked.be.