SIGFRA: 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.
SIGFRA
Largest movements
- Receivables within one year -€13,398
down €13,398 (-30.1%), from €44,552 to €31,153
of which Other amounts receivable: -€10,073
- Tax, wage and social debts -€13,717
down €13,717 (-100%), from €13,717 to €0
- Short-term financial debts +€2,612
up €2,612 (+12.7%), from €20,518 to €23,130
- Profit (loss) carried forward -€2,452
down €2,452 (-10.7%), from -€22,988 to -€25,440
- Gross operating margin +€17,313
up €17,313, from -€10,995 to €6,318
- Financial income -€1,974
down €1,974 (-74.0%), from €2,669 to €695
- Financial charges +€1,626
up €1,626 (+34.4%), from €4,721 to €6,347
- Depreciation -€853
down €853 (-41.2%), from €2,068 to €1,216
- Other operating charges +€144
up €144 (+8.2%), from €1,757 to €1,901
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 | €51,420 | €38,070 | -€13,351 | -26.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,143 | €4,248 | +€106 | +2.5% |
| Tangible fixed assets | 22/27 | €4,143 | €4,248 | +€106 | +2.5% |
| Plant, machinery and equipment | 23 | €2,092 | €2,495 | +€403 | +19.2% |
| Furniture and vehicles | 24 | €2,051 | €1,754 | -€297 | -14.5% |
| Current assets | 29/58 | €47,277 | €33,821 | -€13,456 | -28.5% |
| Amounts receivable within one year | 40/41 | €44,552 | €31,153 | -€13,398 | -30.1% |
| Trade receivables | 40 | €22,033 | €18,707 | -€3,326 | -15.1% |
| Other amounts receivable | 41 | €22,519 | €12,446 | -€10,073 | -44.7% |
| Cash at bank and in hand | 54/58 | €1,210 | €1,210 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,458 | -€58 | -3.8% |
| Total equity and liabilities | 10/49 | €51,420 | €38,070 | -€13,351 | -26.0% |
| Equity | 10/15 | €1,261 | -€1,191 | -€2,452 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,049 | €18,049 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,189 | €16,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,988 | -€25,440 | -€2,452 | -10.7% |
| Amounts payable | 17/49 | €50,159 | €39,260 | -€10,899 | -21.7% |
| Amounts payable within one year | 42/48 | €49,559 | €38,660 | -€10,899 | -22.0% |
| Financial debts | 43 | €20,518 | €23,130 | +€2,612 | +12.7% |
| Credit institutions | 430/8 | €20,518 | €23,130 | +€2,612 | +12.7% |
| Trade debts | 44 | €15,324 | €15,531 | +€206 | +1.3% |
| Suppliers | 440/4 | €15,324 | €15,531 | +€206 | +1.3% |
| Taxes, remuneration and social security | 45 | €13,717 | €0 | -€13,717 | -100% |
| Taxes | 450/3 | €13,717 | €0 | -€13,717 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,068 | €1,216 | -€853 | -41.2% |
| Other operating charges | 640/8 | €1,757 | €1,901 | +€144 | +8.2% |
| Gross operating margin | 9900 | -€10,995 | €6,318 | +€17,313 | |
| Operating profit (loss) | 9901 | -€14,821 | €3,201 | +€18,022 | |
| Financial income | 75/76B | €2,669 | €695 | -€1,974 | -74.0% |
| Recurring financial income | 75 | €2,669 | €695 | -€1,974 | -74.0% |
| Financial charges | 65/66B | €4,721 | €6,347 | +€1,626 | +34.4% |
| Recurring financial charges | 65 | €4,721 | €6,347 | +€1,626 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,873 | -€2,452 | +€14,421 | +85.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,873 | -€2,452 | +€14,421 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,873 | -€2,452 | +€14,421 | +85.5% |
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 14 October 2026 via checked.be.