SI.GI.RA.: 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.
SI.GI.RA.
Largest movements
- Financial fixed assets +€1.2m
new in 2025: €1.2m
- Tangible fixed assets -€23,431
down €23,431 (-3.2%), from €726,695 to €703,263
of which Land and buildings: -€19,934
- Debts after one year +€906,888
up €906,888 (+219%), from €413,707 to €1.3m
- Other debts +€200,697
up €200,697 (+172%), from €116,620 to €317,316
- Profit (loss) carried forward +€37,059
up €37,059 (+68.4%), from €54,163 to €91,222
- Other operating charges -€18,187
down €18,187 (-54.9%), from €33,117 to €14,930
- Turnover +€15,753
up €15,753 (+7.0%), from €224,278 to €240,031
- Gross operating margin +€13,331
up €13,331 (+13.6%), from €97,946 to €111,278
- Financial charges +€10,299
up €10,299 (+60.6%), from €16,988 to €27,287
- Depreciation -€6,990
down €6,990 (-13.0%), from €53,865 to €46,875
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 | €756,472 | €1,878,139 | +€1.1m | +148% |
| Fixed assets | 21/28 | €726,695 | €1,853,263 | +€1.1m | +155% |
| Tangible fixed assets | 22/27 | €726,695 | €703,263 | -€23,431 | -3.2% |
| Land and buildings | 22 | €715,730 | €695,796 | -€19,934 | -2.8% |
| Plant, machinery and equipment | 23 | €6,437 | €5,257 | -€1,180 | -18.3% |
| Furniture and vehicles | 24 | €4,528 | €2,210 | -€2,317 | -51.2% |
| Financial fixed assets | 28 | - | €1,150,000 | +€1.2m | |
| Current assets | 29/58 | €29,778 | €24,876 | -€4,902 | -16.5% |
| Amounts receivable within one year | 40/41 | €3,960 | €3,000 | -€960 | -24.2% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €960 | - | -€960 | |
| Cash at bank and in hand | 54/58 | €22,215 | €19,570 | -€2,644 | -11.9% |
| Deferred charges and accrued income | 490/1 | €3,603 | €2,305 | -€1,298 | -36.0% |
| Total equity and liabilities | 10/49 | €756,472 | €1,878,139 | +€1.1m | +148% |
| Equity | 10/15 | €99,676 | €136,735 | +€37,059 | +37.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €513 | €513 | = | 0.0% |
| Distributable reserves | 133 | €513 | €513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,163 | €91,222 | +€37,059 | +68.4% |
| Amounts payable | 17/49 | €656,797 | €1,741,404 | +€1.1m | +165% |
| Amounts payable after more than one year | 17 | €413,707 | €1,320,594 | +€906,888 | +219% |
| Financial debts | 170/4 | €413,707 | €1,320,594 | +€906,888 | +219% |
| Amounts payable within one year | 42/48 | €243,090 | €420,810 | +€177,720 | +73.1% |
| Current portion of amounts payable after more than one year | 42 | €61,461 | €57,422 | -€4,039 | -6.6% |
| Trade debts | 44 | €54,036 | €38,890 | -€15,146 | -28.0% |
| Suppliers | 440/4 | €54,036 | €38,890 | -€15,146 | -28.0% |
| Taxes, remuneration and social security | 45 | €10,974 | €7,181 | -€3,793 | -34.6% |
| Taxes | 450/3 | €8,474 | €7,181 | -€1,293 | -15.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €116,620 | €317,316 | +€200,697 | +172% |
| Turnover | 70 | €224,278 | €240,031 | +€15,753 | +7.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,332 | €128,753 | +€2,421 | +1.9% |
| Remuneration, social security and pensions | 62 | €5,033 | - | -€5,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,865 | €46,875 | -€6,990 | -13.0% |
| Other operating charges | 640/8 | €33,117 | €14,930 | -€18,187 | -54.9% |
| Gross operating margin | 9900 | €97,946 | €111,278 | +€13,331 | +13.6% |
| Operating profit (loss) | 9901 | €5,931 | €49,472 | +€43,541 | +734% |
| Financial income | 75/76B | €20 | €4 | -€16 | -81.0% |
| Recurring financial income | 75 | €20 | €4 | -€16 | -81.0% |
| Financial charges | 65/66B | €16,988 | €27,287 | +€10,299 | +60.6% |
| Recurring financial charges | 65 | €16,988 | €27,287 | +€10,299 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,038 | €22,189 | +€33,227 | |
| Income taxes | 67/77 | €0 | €2,474 | +€2,474 | +1,649,147% |
| Profit (loss) for the period | 9904 | -€11,038 | €19,715 | +€30,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,038 | €19,715 | +€30,753 |
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 15 October 2026 via checked.be.