SIGANA: 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.
SIGANA
Largest movements
- Tangible fixed assets +€60,807
up €60,807 (+4,246%), from €1,432 to €62,240
- Cash +€6,090
up €6,090 (+12.4%), from €49,250 to €55,340
mainly Debts after one year (+€49,749) and Current portion of long-term debt (+€12,817)
- Stocks and contracts -€2,325
down €2,325 (-29.6%), from €7,865 to €5,540
- Receivables within one year +€1,336
up €1,336 (+54.2%), from €2,467 to €3,804
- Debts after one year +€49,749
new in 2025: €49,749
- Current portion of long-term debt +€12,817
new in 2025: €12,817
- Profit (loss) carried forward +€7,238
up €7,238 (+16.9%), from €42,881 to €50,119
- Trade debts -€2,231
down €2,231 (-39.4%), from €5,668 to €3,436
- Other debts -€1,889
no longer reported in 2025 (was €1,889)
- Gross operating margin +€24,007
up €24,007 (+65.6%), from €36,575 to €60,582
- Staff costs +€10,350
up €10,350 (+33.2%), from €31,215 to €41,565
- Depreciation +€6,778
up €6,778 (+3,529%), from €192 to €6,970
- Taxes +€1,664
up €1,664 (+212%), from €786 to €2,450
- Financial charges +€1,110
up €1,110 (+132%), from €839 to €1,949
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 | €61,155 | €127,272 | +€66,117 | +108% |
| Fixed assets | 21/28 | €1,432 | €62,240 | +€60,807 | +4,246% |
| Tangible fixed assets | 22/27 | €1,432 | €62,240 | +€60,807 | +4,246% |
| Furniture and vehicles | 24 | €1,432 | €62,240 | +€60,807 | +4,246% |
| Current assets | 29/58 | €59,723 | €65,033 | +€5,310 | +8.9% |
| Stocks and contracts in progress | 3 | €7,865 | €5,540 | -€2,325 | -29.6% |
| Stocks | 30/36 | €7,865 | €5,540 | -€2,325 | -29.6% |
| Amounts receivable within one year | 40/41 | €2,467 | €3,804 | +€1,336 | +54.2% |
| Other amounts receivable | 41 | €2,467 | €3,804 | +€1,336 | +54.2% |
| Cash at bank and in hand | 54/58 | €49,250 | €55,340 | +€6,090 | +12.4% |
| Deferred charges and accrued income | 490/1 | €140 | €349 | +€209 | +149% |
| Total equity and liabilities | 10/49 | €61,155 | €127,272 | +€66,117 | +108% |
| Equity | 10/15 | €44,981 | €52,219 | +€7,238 | +16.1% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,881 | €50,119 | +€7,238 | +16.9% |
| Amounts payable | 17/49 | €16,174 | €75,054 | +€58,879 | +364% |
| Amounts payable after more than one year | 17 | - | €49,749 | +€49,749 | |
| Financial debts | 170/4 | - | €49,749 | +€49,749 | |
| Amounts payable within one year | 42/48 | €16,174 | €25,304 | +€9,130 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,817 | +€12,817 | |
| Trade debts | 44 | €5,668 | €3,436 | -€2,231 | -39.4% |
| Suppliers | 440/4 | €5,668 | €3,436 | -€2,231 | -39.4% |
| Taxes, remuneration and social security | 45 | €8,618 | €9,051 | +€433 | +5.0% |
| Taxes | 450/3 | €6,470 | €6,169 | -€302 | -4.7% |
| Remuneration and social security | 454/9 | €2,147 | €2,882 | +€735 | +34.2% |
| Other amounts payable | 47/48 | €1,889 | - | -€1,889 | |
| Non-recurring operating income | 76A | €75 | - | -€75 | |
| Remuneration, social security and pensions | 62 | €31,215 | €41,565 | +€10,350 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €6,970 | +€6,778 | +3,529% |
| Other operating charges | 640/8 | €797 | €412 | -€385 | -48.3% |
| Gross operating margin | 9900 | €36,575 | €60,582 | +€24,007 | +65.6% |
| Operating profit (loss) | 9901 | €4,371 | €11,636 | +€7,265 | +166% |
| Financial income | 75/76B | €72 | - | -€72 | |
| Recurring financial income | 75 | €72 | - | -€72 | |
| Financial charges | 65/66B | €839 | €1,949 | +€1,110 | +132% |
| Recurring financial charges | 65 | €839 | €1,949 | +€1,110 | +132% |
| Profit (loss) for the period before taxes | 9903 | €3,605 | €9,687 | +€6,083 | +169% |
| Income taxes | 67/77 | €786 | €2,450 | +€1,664 | +212% |
| Profit (loss) for the period | 9904 | €2,819 | €7,238 | +€4,419 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €2,819 | €7,238 | +€4,419 | +157% |
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.