If you'd had written that wrt to something like the Völkische Beobachter, fine, but this was a rather dumb glossy, which doesn't appear to have aimed at inciting antisemitism. When it was first published, gassing hadn't been considered yet. And there has never been enough resistance from the population to overthrow the Nazis. The only thing that could overthrow them, was a war at enormous scale on two fronts, and I don't see how a Finnish or Flemish publication could have affected that in any significant way. It's just too far fetched, too "wings of a butterfly". You could just as well argue that the Chicken Dance is responsible for us letting our guards down, which led to 9/11, which led to the bloodshed in Iraq and Afghanistan.
Signal was intentionally not using aggressive antisemitism the same way, whole nazi germany got very soft before the olympics 1936 in germany - to spread a false image. Propaganda. So people not yet occupied get a wrong image like "maybe the Nazis are not so bad after all and we can still do buisness". German resistance groups struggled hard to get evidence out. And then it was not believed, because of propaganda like this.
Signal on its own might have been not that big factor, but it was no random butterfly, but willingly part of the bigger propaganda machine, which main purpose was to support nazi domination, which includes the holocaust.