SIGA: what changed
Two fiscal 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.
SIGA
Largest movements
- Cash +€32,419
up €32,419 (+35.6%), from €91,052 to €123,471
mainly Net result for the year (+€31,776) and Receivables within one year (+€13,134)
- Receivables within one year -€13,134
down €13,134 (-56.8%), from €23,119 to €9,985
of which Trade receivables: -€15,618
- Tangible fixed assets +€9,981
up €9,981 (+59.5%), from €16,781 to €26,762
of which Plant, machinery and equipment: +€13,287
- Reserves +€31,776
up €31,776 (+37.2%), from €85,433 to €117,209
of which Distributable reserves: +€31,776
- Tax, wage and social debts +€10,185
up €10,185 (+242.2%), from €4,205 to €14,391
of which Taxes: +€9,957
- Trade debts -€7,808
down €7,808 (-37.7%), from €20,692 to €12,884
- Debts after one year -€3,215
down €3,215 (-32.7%), from €9,839 to €6,624
- Current portion of long-term debt -€2,676
down €2,676 (-45.4%), from €5,891 to €3,215
- Taxes +€10,734
up €10,734 (+761.1%), from €1,410 to €12,144
- Gross operating margin +€9,016
up €9,016 (+12.9%), from €69,907 to €78,924
- Depreciation +€2,161
up €2,161 (+38.5%), from €5,616 to €7,777
- Staff costs +€1,895
up €1,895 (+9.3%), from €20,385 to €22,281
- Financial charges +€1,280
up €1,280 (+83.2%), from €1,538 to €2,818
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 | €134,286 | €162,549 | +€28,262 | +21.0% |
| Fixed assets | 21/28 | €16,781 | €26,762 | +€9,981 | +59.5% |
| Tangible fixed assets | 22/27 | €16,781 | €26,762 | +€9,981 | +59.5% |
| Plant, machinery and equipment | 23 | €3,558 | €16,845 | +€13,287 | +373.5% |
| Furniture and vehicles | 24 | €13,223 | €9,917 | -€3,306 | -25.0% |
| Current assets | 29/58 | €117,506 | €135,786 | +€18,281 | +15.6% |
| Amounts receivable within one year | 40/41 | €23,119 | €9,985 | -€13,134 | -56.8% |
| Trade receivables | 40 | €22,334 | €6,716 | -€15,618 | -69.9% |
| Other amounts receivable | 41 | €785 | €3,269 | +€2,484 | +316.6% |
| Cash at bank and in hand | 54/58 | €91,052 | €123,471 | +€32,419 | +35.6% |
| Deferred charges and accrued income | 490/1 | €3,335 | €2,330 | -€1,004 | -30.1% |
| Total equity and liabilities | 10/49 | €134,286 | €162,549 | +€28,262 | +21.0% |
| Equity | 10/15 | €91,633 | €123,409 | +€31,776 | +34.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,433 | €117,209 | +€31,776 | +37.2% |
| Tax-exempt reserves | 132 | €1,977 | €1,977 | = | 0.0% |
| Distributable reserves | 133 | €83,457 | €115,232 | +€31,776 | +38.1% |
| Amounts payable | 17/49 | €42,653 | €39,139 | -€3,514 | -8.2% |
| Amounts payable after more than one year | 17 | €9,839 | €6,624 | -€3,215 | -32.7% |
| Financial debts | 170/4 | €9,839 | €6,624 | -€3,215 | -32.7% |
| Amounts payable within one year | 42/48 | €32,814 | €32,515 | -€299 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €5,891 | €3,215 | -€2,676 | -45.4% |
| Trade debts | 44 | €20,692 | €12,884 | -€7,808 | -37.7% |
| Suppliers | 440/4 | €20,692 | €12,884 | -€7,808 | -37.7% |
| Taxes, remuneration and social security | 45 | €4,205 | €14,391 | +€10,185 | +242.2% |
| Taxes | 450/3 | €2,330 | €12,287 | +€9,957 | +427.3% |
| Remuneration and social security | 454/9 | €1,875 | €2,104 | +€228 | +12.2% |
| Other amounts payable | 47/48 | €2,026 | €2,026 | = | 0.0% |
| Non-recurring operating income | 76A | €16,647 | - | -€16,647 | |
| Remuneration, social security and pensions | 62 | €20,385 | €22,281 | +€1,895 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,616 | €7,777 | +€2,161 | +38.5% |
| Other operating charges | 640/8 | €2,981 | €2,129 | -€852 | -28.6% |
| Gross operating margin | 9900 | €69,907 | €78,924 | +€9,016 | +12.9% |
| Operating profit (loss) | 9901 | €40,925 | €46,737 | +€5,812 | +14.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,538 | €2,818 | +€1,280 | +83.2% |
| Recurring financial charges | 65 | €1,538 | €2,818 | +€1,280 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €39,387 | €43,920 | +€4,533 | +11.5% |
| Income taxes | 67/77 | €1,410 | €12,144 | +€10,734 | +761.1% |
| Profit (loss) for the period | 9904 | €37,977 | €31,776 | -€6,201 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,977 | €31,776 | -€6,201 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.