SIGEM: 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.
SIGEM
Largest movements
- Tangible fixed assets -€4,206
down €4,206 (-71.2%), from €5,911 to €1,705
- Cash +€3,415
up €3,415 (+7.1%), from €48,184 to €51,599
mainly Net result for the year (+€11,151) and Depreciation (+€4,206)
- Receivables within one year +€2,676
up €2,676 (+21.0%), from €12,739 to €15,415
of which Trade receivables: +€6,581
- Deferred charges and accrued income -€1,913
down €1,913 (-90.1%), from €2,124 to €210
- Trade debts -€11,227
down €11,227 (-17.7%), from €63,464 to €52,237
- Profit (loss) carried forward +€11,151
up €11,151 (+54.9%), from -€20,315 to -€9,164
- Gross operating margin +€14,842
up €14,842 (+221.6%), from €6,697 to €21,540
- Taxes +€3,566
up €3,566 (+486.3%), from €733 to €4,299
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,958 | €68,931 | -€28 | 0.0% |
| Fixed assets | 21/28 | €5,911 | €1,705 | -€4,206 | -71.2% |
| Tangible fixed assets | 22/27 | €5,911 | €1,705 | -€4,206 | -71.2% |
| Furniture and vehicles | 24 | €5,911 | €1,705 | -€4,206 | -71.2% |
| Current assets | 29/58 | €63,047 | €67,225 | +€4,178 | +6.6% |
| Amounts receivable within one year | 40/41 | €12,739 | €15,415 | +€2,676 | +21.0% |
| Trade receivables | 40 | €7,626 | €14,207 | +€6,581 | +86.3% |
| Other amounts receivable | 41 | €5,114 | €1,209 | -€3,905 | -76.4% |
| Cash at bank and in hand | 54/58 | €48,184 | €51,599 | +€3,415 | +7.1% |
| Deferred charges and accrued income | 490/1 | €2,124 | €210 | -€1,913 | -90.1% |
| Total equity and liabilities | 10/49 | €68,958 | €68,931 | -€28 | 0.0% |
| Equity | 10/15 | €136 | €11,287 | +€11,151 | +8204.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,315 | -€9,164 | +€11,151 | +54.9% |
| Amounts payable | 17/49 | €68,822 | €57,643 | -€11,179 | -16.2% |
| Amounts payable within one year | 42/48 | €68,822 | €57,643 | -€11,179 | -16.2% |
| Trade debts | 44 | €63,464 | €52,237 | -€11,227 | -17.7% |
| Suppliers | 440/4 | €63,464 | €52,237 | -€11,227 | -17.7% |
| Taxes, remuneration and social security | 45 | €5,359 | €5,406 | +€48 | +0.9% |
| Taxes | 450/3 | €5,359 | €5,406 | +€48 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | €4,206 | = | 0.0% |
| Other operating charges | 640/8 | €2,013 | €1,799 | -€214 | -10.6% |
| Gross operating margin | 9900 | €6,697 | €21,540 | +€14,842 | +221.6% |
| Operating profit (loss) | 9901 | €479 | €15,535 | +€15,056 | +3144.6% |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €98 | €84 | -€14 | -13.9% |
| Recurring financial charges | 65 | €98 | €84 | -€14 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €448 | €15,450 | +€15,003 | +3352.2% |
| Income taxes | 67/77 | €733 | €4,299 | +€3,566 | +486.3% |
| Profit (loss) for the period | 9904 | -€286 | €11,151 | +€11,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€286 | €11,151 | +€11,437 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.