CM SIGMA: 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.
CM SIGMA
Largest movements
- Cash -€51,854
down €51,854 (-76.0%), from €68,188 to €16,334
mainly Receivables within one year (-€45,626) and Trade debts (-€12,594)
- Receivables within one year +€45,626
up €45,626 (+636.1%), from €7,173 to €52,798
of which Other amounts receivable: +€52,794
- Tangible fixed assets -€884
down €884 (-44.2%), from €2,002 to €1,118
- Profit (loss) carried forward +€14,337
up €14,337 (+27.9%), from €51,346 to €65,682
- Trade debts -€12,594
down €12,594 (-96.7%), from €13,020 to €427
- Other debts -€6,992
no longer reported in 2025 (was €6,992)
- Tax, wage and social debts -€1,863
down €1,863 (-43.1%), from €4,323 to €2,459
of which Taxes: -€1,953
- Gross operating margin -€31,373
down €31,373 (-66.0%), from €47,505 to €16,131
- Taxes -€2,025
down €2,025 (-77.3%), from €2,618 to €593
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 | €77,681 | €70,568 | -€7,112 | -9.2% |
| Fixed assets | 21/28 | €2,320 | €1,436 | -€884 | -38.1% |
| Tangible fixed assets | 22/27 | €2,002 | €1,118 | -€884 | -44.2% |
| Plant, machinery and equipment | 23 | €2,002 | €1,118 | -€884 | -44.2% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €75,361 | €69,133 | -€6,228 | -8.3% |
| Amounts receivable within one year | 40/41 | €7,173 | €52,798 | +€45,626 | +636.1% |
| Trade receivables | 40 | €7,173 | €5 | -€7,168 | -99.9% |
| Other amounts receivable | 41 | - | €52,794 | +€52,794 | |
| Cash at bank and in hand | 54/58 | €68,188 | €16,334 | -€51,854 | -76.0% |
| Total equity and liabilities | 10/49 | €77,681 | €70,568 | -€7,112 | -9.2% |
| Equity | 10/15 | €53,346 | €67,682 | +€14,337 | +26.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,346 | €65,682 | +€14,337 | +27.9% |
| Amounts payable | 17/49 | €24,335 | €2,886 | -€21,449 | -88.1% |
| Amounts payable within one year | 42/48 | €24,335 | €2,886 | -€21,449 | -88.1% |
| Trade debts | 44 | €13,020 | €427 | -€12,594 | -96.7% |
| Suppliers | 440/4 | €13,020 | €427 | -€12,594 | -96.7% |
| Taxes, remuneration and social security | 45 | €4,323 | €2,459 | -€1,863 | -43.1% |
| Taxes | 450/3 | €3,748 | €1,794 | -€1,953 | -52.1% |
| Remuneration and social security | 454/9 | €575 | €665 | +€90 | +15.7% |
| Other amounts payable | 47/48 | €6,992 | - | -€6,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €776 | €884 | +€108 | +13.9% |
| Non-recurring operating charges | 66A | €8 | €44 | +€36 | +432.2% |
| Gross operating margin | 9900 | €47,505 | €16,131 | -€31,373 | -66.0% |
| Operating profit (loss) | 9901 | €46,720 | €15,203 | -€31,517 | -67.5% |
| Financial charges | 65/66B | €228 | €273 | +€45 | +19.9% |
| Recurring financial charges | 65 | €228 | €273 | +€45 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €46,492 | €14,930 | -€31,562 | -67.9% |
| Income taxes | 67/77 | €2,618 | €593 | -€2,025 | -77.3% |
| Profit (loss) for the period | 9904 | €43,874 | €14,337 | -€29,538 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,874 | €14,337 | -€29,538 | -67.3% |
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 12 October 2026 via checked.be.