6 SIGMA: 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.
6 SIGMA
Largest movements
- Cash -€55,310
down €55,310 (-52.9%), from €104,612 to €49,302
mainly Trade debts (-€20,789) and Receivables within one year (-€13,431)
- Receivables within one year +€13,431
up €13,431 (+37.6%), from €35,726 to €49,157
of which Trade receivables: +€18,826
- Trade debts -€20,789
down €20,789 (-85.9%), from €24,215 to €3,426
- Reserves -€10,427
down €10,427 (-11.9%), from €87,293 to €76,866
- Tax, wage and social debts -€5,999
no longer reported in 2025 (was €5,999)
- Current portion of long-term debt -€3,133
no longer reported in 2025 (was €3,133)
- Contributions -€1,860
down €1,860 (-9.1%), from €20,460 to €18,600
- Gross operating margin -€22,792
down €22,792, from €18,282 to -€4,510
- Financial charges +€5,462
up €5,462 (+1405.6%), from €389 to €5,851
- Taxes -€4,863
down €4,863 (-90.1%), from €5,400 to €537
- Depreciation -€620
down €620 (-84.7%), from €732 to €112
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 | €141,099 | €98,892 | -€42,208 | -29.9% |
| Fixed assets | 21/28 | €112 | - | -€112 | |
| Tangible fixed assets | 22/27 | €112 | - | -€112 | |
| Plant, machinery and equipment | 23 | €112 | - | -€112 | |
| Current assets | 29/58 | €140,987 | €98,892 | -€42,096 | -29.9% |
| Amounts receivable within one year | 40/41 | €35,726 | €49,157 | +€13,431 | +37.6% |
| Trade receivables | 40 | - | €18,826 | +€18,826 | |
| Other amounts receivable | 41 | €35,726 | €30,331 | -€5,395 | -15.1% |
| Cash at bank and in hand | 54/58 | €104,612 | €49,302 | -€55,310 | -52.9% |
| Deferred charges and accrued income | 490/1 | €649 | €433 | -€216 | -33.3% |
| Total equity and liabilities | 10/49 | €141,099 | €98,892 | -€42,208 | -29.9% |
| Equity | 10/15 | €107,753 | €95,466 | -€12,287 | -11.4% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €87,293 | €76,866 | -€10,427 | -11.9% |
| Distributable reserves | 133 | €87,293 | €76,866 | -€10,427 | -11.9% |
| Amounts payable | 17/49 | €33,346 | €3,426 | -€29,921 | -89.7% |
| Amounts payable within one year | 42/48 | €33,346 | €3,426 | -€29,921 | -89.7% |
| Current portion of amounts payable after more than one year | 42 | €3,133 | - | -€3,133 | |
| Trade debts | 44 | €24,215 | €3,426 | -€20,789 | -85.9% |
| Suppliers | 440/4 | €24,215 | €3,426 | -€20,789 | -85.9% |
| Taxes, remuneration and social security | 45 | €5,999 | - | -€5,999 | |
| Taxes | 450/3 | €5,999 | - | -€5,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732 | €112 | -€620 | -84.7% |
| Other operating charges | 640/8 | €1,236 | €1,286 | +€50 | +4.0% |
| Gross operating margin | 9900 | €18,282 | -€4,510 | -€22,792 | |
| Operating profit (loss) | 9901 | €16,313 | -€5,908 | -€22,222 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €389 | €5,851 | +€5,462 | +1405.6% |
| Recurring financial charges | 65 | €389 | €5,851 | +€5,462 | +1405.6% |
| Profit (loss) for the period before taxes | 9903 | €15,925 | -€11,750 | -€27,675 | |
| Income taxes | 67/77 | €5,400 | €537 | -€4,863 | -90.1% |
| Profit (loss) for the period | 9904 | €10,525 | -€12,287 | -€22,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,525 | -€12,287 | -€22,812 |
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 8 October 2026 via checked.be.