ISIGMA: what changed
ISIGMA
Largest movements
- Receivables within one year -€116,560
down €116,560 (-25.1%), from €464,095 to €347,535
of which Trade receivables: -€116,560
- Tangible fixed assets +€23,970
up €23,970 (+807%), from €2,969 to €26,939
of which Furniture and vehicles: +€24,094
- Cash -€8,509
down €8,509 (-4.7%), from €179,887 to €171,378
mainly Contributions, distributions and other (-€64,092) and Other debts (-€38,383)
- Reserves -€52,552
down €52,552 (-12.3%), from €427,966 to €375,414
- Other debts -€38,383
down €38,383 (-22.4%), from €171,021 to €132,638
- Tax, wage and social debts -€8,892
down €8,892 (-27.1%), from €32,754 to €23,863
- Gross operating margin -€203,772
down €203,772 (-92.2%), from €221,093 to €17,321
- Taxes -€61,928
down €61,928 (-92.2%), from €67,175 to €5,248
- Depreciation +€3,542
up €3,542 (+295%), from €1,201 to €4,743
- Financial charges -€3,288
down €3,288 (-39.4%), from €8,342 to €5,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €647,639 | €547,194 | -€100,444 | -15.5% |
| Fixed assets | 21/28 | €2,969 | €26,939 | +€23,970 | +807% |
| Tangible fixed assets | 22/27 | €2,969 | €26,939 | +€23,970 | +807% |
| Plant, machinery and equipment | 23 | €124 | - | -€124 | |
| Furniture and vehicles | 24 | €2,845 | €26,939 | +€24,094 | +847% |
| Current assets | 29/58 | €644,669 | €520,255 | -€124,414 | -19.3% |
| Amounts receivable within one year | 40/41 | €464,095 | €347,535 | -€116,560 | -25.1% |
| Trade receivables | 40 | €214,095 | €97,535 | -€116,560 | -54.4% |
| Other amounts receivable | 41 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €179,887 | €171,378 | -€8,509 | -4.7% |
| Deferred charges and accrued income | 490/1 | €688 | €1,342 | +€654 | +95.0% |
| Total equity and liabilities | 10/49 | €647,639 | €547,194 | -€100,444 | -15.5% |
| Equity | 10/15 | €440,366 | €387,814 | -€52,552 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €427,966 | €375,414 | -€52,552 | -12.3% |
| Distributable reserves | 133 | €427,966 | €375,414 | -€52,552 | -12.3% |
| Amounts payable | 17/49 | €207,273 | €159,380 | -€47,893 | -23.1% |
| Amounts payable within one year | 42/48 | €207,273 | €159,380 | -€47,893 | -23.1% |
| Trade debts | 44 | €3,498 | €2,879 | -€619 | -17.7% |
| Suppliers | 440/4 | €3,498 | €2,879 | -€619 | -17.7% |
| Taxes, remuneration and social security | 45 | €32,754 | €23,863 | -€8,892 | -27.1% |
| Taxes | 450/3 | €32,754 | €23,863 | -€8,892 | -27.1% |
| Other amounts payable | 47/48 | €171,021 | €132,638 | -€38,383 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | €4,743 | +€3,542 | +295% |
| Other operating charges | 640/8 | €836 | €860 | +€24 | +2.9% |
| Gross operating margin | 9900 | €221,093 | €17,321 | -€203,772 | -92.2% |
| Operating profit (loss) | 9901 | €219,056 | €11,717 | -€207,339 | -94.7% |
| Financial income | 75/76B | €11,567 | €10,125 | -€1,442 | -12.5% |
| Recurring financial income | 75 | €11,567 | €10,125 | -€1,442 | -12.5% |
| Financial charges | 65/66B | €8,342 | €5,054 | -€3,288 | -39.4% |
| Recurring financial charges | 65 | €8,342 | €5,054 | -€3,288 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €222,281 | €16,788 | -€205,493 | -92.4% |
| Income taxes | 67/77 | €67,175 | €5,248 | -€61,928 | -92.2% |
| Profit (loss) for the period | 9904 | €155,106 | €11,541 | -€143,565 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,106 | €11,541 | -€143,565 | -92.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.