Seiler-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.
Seiler-Sigma
Largest movements
- Cash +€62,611
up €62,611 (+101%), from €62,194 to €124,805
mainly Net result for the year (+€68,732) and Tax, wage and social debts (+€20,297)
- Receivables within one year +€25,456
up €25,456 (+94.4%), from €26,963 to €52,419
of which Trade receivables: +€15,161
- Profit (loss) carried forward +€68,732
new in 2025: €68,732
- Tax, wage and social debts +€20,297
up €20,297 (+63.3%), from €32,077 to €52,374
- Taxes -€6,220
down €6,220 (-25.7%), from €24,239 to €18,018
- Other operating charges +€1,756
new in 2025: €1,756
- Financial charges +€1,284
up €1,284 (+648%), from €198 to €1,482
- Gross operating margin +€934
up €934 (+1.1%), from €87,906 to €88,840
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 | €102,522 | €189,754 | +€87,232 | +85.1% |
| Current assets | 29/58 | €102,522 | €189,754 | +€87,232 | +85.1% |
| Amounts receivable after more than one year | 29 | €13,365 | €12,530 | -€835 | -6.3% |
| Other amounts receivable | 291 | €13,365 | €12,530 | -€835 | -6.3% |
| Amounts receivable within one year | 40/41 | €26,963 | €52,419 | +€25,456 | +94.4% |
| Trade receivables | 40 | - | €15,161 | +€15,161 | |
| Other amounts receivable | 41 | €26,963 | €37,258 | +€10,295 | +38.2% |
| Cash at bank and in hand | 54/58 | €62,194 | €124,805 | +€62,611 | +101% |
| Total equity and liabilities | 10/49 | €102,522 | €189,754 | +€87,232 | +85.1% |
| Equity | 10/15 | €67,804 | €136,536 | +€68,732 | +101% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €64,304 | €64,304 | = | 0.0% |
| Distributable reserves | 133 | €64,304 | €64,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €68,732 | +€68,732 | |
| Amounts payable | 17/49 | €34,718 | €53,218 | +€18,501 | +53.3% |
| Amounts payable within one year | 42/48 | €34,718 | €53,218 | +€18,501 | +53.3% |
| Trade debts | 44 | €1,094 | €844 | -€249 | -22.8% |
| Suppliers | 440/4 | €1,094 | €844 | -€249 | -22.8% |
| Taxes, remuneration and social security | 45 | €32,077 | €52,374 | +€20,297 | +63.3% |
| Taxes | 450/3 | €32,077 | €52,374 | +€20,297 | +63.3% |
| Other amounts payable | 47/48 | €1,547 | - | -€1,547 | |
| Other operating charges | 640/8 | - | €1,756 | +€1,756 | |
| Gross operating margin | 9900 | €87,906 | €88,840 | +€934 | +1.1% |
| Operating profit (loss) | 9901 | €87,906 | €87,084 | -€821 | -0.9% |
| Financial income | 75/76B | €835 | €1,148 | +€313 | +37.4% |
| Recurring financial income | 75 | €835 | €1,148 | +€313 | +37.4% |
| Financial charges | 65/66B | €198 | €1,482 | +€1,284 | +648% |
| Recurring financial charges | 65 | €198 | €1,482 | +€1,284 | +648% |
| Profit (loss) for the period before taxes | 9903 | €88,543 | €86,750 | -€1,793 | -2.0% |
| Income taxes | 67/77 | €24,239 | €18,018 | -€6,220 | -25.7% |
| Profit (loss) for the period | 9904 | €64,304 | €68,732 | +€4,427 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,304 | €68,732 | +€4,427 | +6.9% |
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 13 October 2026 via checked.be.