GROUP 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.
GROUP SIGMA
Largest movements
- Receivables within one year -€75,876
down €75,876 (-8.1%), from €931,594 to €855,718
of which Trade receivables: -€83,850
- Tangible fixed assets -€48,312
down €48,312 (-15.5%), from €312,174 to €263,862
of which Other tangible fixed assets: -€42,547
- Cash -€22,721
down €22,721 (-55.5%), from €40,969 to €18,248
mainly Other debts (-€397,423) and Tax, wage and social debts (-€101,065)
- Other debts -€397,423
no longer reported in 2025 (was €397,423)
- Trade debts +€265,255
up €265,255 (+71.2%), from €372,579 to €637,834
- Tax, wage and social debts -€101,065
down €101,065 (-64.7%), from €156,223 to €55,159
of which Taxes: -€100,153
- Profit (loss) carried forward +€64,328
up €64,328 (+249%), from €25,850 to €90,178
- Accrued charges and deferred income +€30,303
new in 2025: €30,303
- Gross operating margin -€98,201
down €98,201 (-33.6%), from €292,628 to €194,427
- Staff costs -€17,192
down €17,192 (-32.4%), from €53,059 to €35,867
- Taxes -€10,145
down €10,145 (-26.6%), from €38,205 to €28,060
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 | €1,305,390 | €1,148,782 | -€156,608 | -12.0% |
| Fixed assets | 21/28 | €312,174 | €263,862 | -€48,312 | -15.5% |
| Tangible fixed assets | 22/27 | €312,174 | €263,862 | -€48,312 | -15.5% |
| Furniture and vehicles | 24 | €38,769 | €33,004 | -€5,765 | -14.9% |
| Other tangible fixed assets | 26 | €273,405 | €230,858 | -€42,547 | -15.6% |
| Current assets | 29/58 | €993,216 | €884,920 | -€108,296 | -10.9% |
| Amounts receivable within one year | 40/41 | €931,594 | €855,718 | -€75,876 | -8.1% |
| Trade receivables | 40 | €930,505 | €846,655 | -€83,850 | -9.0% |
| Other amounts receivable | 41 | €1,089 | €9,063 | +€7,974 | +732% |
| Cash at bank and in hand | 54/58 | €40,969 | €18,248 | -€22,721 | -55.5% |
| Deferred charges and accrued income | 490/1 | €20,652 | €10,954 | -€9,699 | -47.0% |
| Total equity and liabilities | 10/49 | €1,305,390 | €1,148,782 | -€156,608 | -12.0% |
| Equity | 10/15 | €250,000 | €314,328 | +€64,328 | +25.7% |
| Contributions | 10/11 | €76,500 | €76,500 | = | 0.0% |
| Capital | 10 | €76,500 | €76,500 | = | 0.0% |
| Issued capital | 100 | €76,500 | €76,500 | = | 0.0% |
| Reserves | 13 | €147,650 | €147,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,650 | €7,650 | = | 0.0% |
| Legal reserve | 130 | €7,650 | €7,650 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,850 | €90,178 | +€64,328 | +249% |
| Amounts payable | 17/49 | €1,055,390 | €834,454 | -€220,936 | -20.9% |
| Amounts payable after more than one year | 17 | €111,159 | €93,306 | -€17,853 | -16.1% |
| Financial debts | 170/4 | €111,159 | €93,306 | -€17,853 | -16.1% |
| Amounts payable within one year | 42/48 | €944,231 | €710,845 | -€233,385 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €17,593 | €17,853 | +€260 | +1.5% |
| Financial debts | 43 | €413 | - | -€413 | |
| Credit institutions | 430/8 | €413 | - | -€413 | |
| Trade debts | 44 | €372,579 | €637,834 | +€265,255 | +71.2% |
| Suppliers | 440/4 | €372,579 | €637,834 | +€265,255 | +71.2% |
| Taxes, remuneration and social security | 45 | €156,223 | €55,159 | -€101,065 | -64.7% |
| Taxes | 450/3 | €147,095 | €46,942 | -€100,153 | -68.1% |
| Remuneration and social security | 454/9 | €9,128 | €8,216 | -€912 | -10.0% |
| Other amounts payable | 47/48 | €397,423 | - | -€397,423 | |
| Accrued charges and deferred income | 492/3 | - | €30,303 | +€30,303 | |
| Remuneration, social security and pensions | 62 | €53,059 | €35,867 | -€17,192 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,050 | €63,293 | +€243 | +0.4% |
| Other operating charges | 640/8 | €968 | €825 | -€142 | -14.7% |
| Gross operating margin | 9900 | €292,628 | €194,427 | -€98,201 | -33.6% |
| Operating profit (loss) | 9901 | €175,552 | €94,442 | -€81,110 | -46.2% |
| Financial charges | 65/66B | €2,278 | €2,054 | -€224 | -9.9% |
| Recurring financial charges | 65 | €2,278 | €2,054 | -€224 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €173,273 | €92,388 | -€80,885 | -46.7% |
| Income taxes | 67/77 | €38,205 | €28,060 | -€10,145 | -26.6% |
| Profit (loss) for the period | 9904 | €135,069 | €64,328 | -€70,741 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,069 | €64,328 | -€70,741 | -52.4% |
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 19 October 2026 via checked.be.