SIGAURUM: 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.
SIGAURUM
Largest movements
- Cash -€21,755
down €21,755 (-37.6%), from €57,885 to €36,130
mainly Contributions, distributions and other (-€71,642) and Tax, wage and social debts (-€4,914)
- Tangible fixed assets -€9,044
down €9,044 (-45.9%), from €19,708 to €10,665
of which Furniture and vehicles: -€8,813
- Receivables within one year -€2,631
down €2,631 (-17.5%), from €15,032 to €12,401
- Profit (loss) carried forward -€29,041
down €29,041 (-40.5%), from €71,642 to €42,600
- Tax, wage and social debts -€4,914
down €4,914 (-31.1%), from €15,789 to €10,875
- Gross operating margin +€12,666
up €12,666 (+24.4%), from €51,843 to €64,509
- Taxes +€2,942
up €2,942 (+33.2%), from €8,862 to €11,804
- Depreciation +€1,159
up €1,159 (+14.7%), from €7,884 to €9,044
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 | €93,168 | €59,748 | -€33,420 | -35.9% |
| Fixed assets | 21/28 | €19,708 | €10,665 | -€9,044 | -45.9% |
| Tangible fixed assets | 22/27 | €19,708 | €10,665 | -€9,044 | -45.9% |
| Plant, machinery and equipment | 23 | €1,048 | €817 | -€231 | -22.0% |
| Furniture and vehicles | 24 | €18,661 | €9,848 | -€8,813 | -47.2% |
| Current assets | 29/58 | €73,459 | €49,083 | -€24,376 | -33.2% |
| Amounts receivable within one year | 40/41 | €15,032 | €12,401 | -€2,631 | -17.5% |
| Trade receivables | 40 | €15,032 | €12,401 | -€2,631 | -17.5% |
| Cash at bank and in hand | 54/58 | €57,885 | €36,130 | -€21,755 | -37.6% |
| Deferred charges and accrued income | 490/1 | €543 | €552 | +€9 | +1.7% |
| Total equity and liabilities | 10/49 | €93,168 | €59,748 | -€33,420 | -35.9% |
| Equity | 10/15 | €76,642 | €47,600 | -€29,041 | -37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,642 | €42,600 | -€29,041 | -40.5% |
| Amounts payable | 17/49 | €16,526 | €12,147 | -€4,378 | -26.5% |
| Amounts payable within one year | 42/48 | €16,028 | €11,596 | -€4,432 | -27.7% |
| Trade debts | 44 | €239 | €721 | +€482 | +202% |
| Suppliers | 440/4 | €239 | €721 | +€482 | +202% |
| Taxes, remuneration and social security | 45 | €15,789 | €10,875 | -€4,914 | -31.1% |
| Taxes | 450/3 | €15,789 | €10,875 | -€4,914 | -31.1% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | €497 | €551 | +€54 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,884 | €9,044 | +€1,159 | +14.7% |
| Other operating charges | 640/8 | €1,240 | €1,250 | +€10 | +0.8% |
| Gross operating margin | 9900 | €51,843 | €64,509 | +€12,666 | +24.4% |
| Operating profit (loss) | 9901 | €42,719 | €54,216 | +€11,497 | +26.9% |
| Financial income | 75/76B | €102 | €260 | +€158 | +155% |
| Recurring financial income | 75 | €102 | €260 | +€158 | +155% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €42,749 | €54,404 | +€11,656 | +27.3% |
| Income taxes | 67/77 | €8,862 | €11,804 | +€2,942 | +33.2% |
| Profit (loss) for the period | 9904 | €33,887 | €42,600 | +€8,714 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,887 | €42,600 | +€8,714 | +25.7% |
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 18 October 2026 via checked.be.