SIGGA: 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.
SIGGA
Largest movements
- Receivables within one year +€47,713
up €47,713 (+64.7%), from €73,715 to €121,428
of which Other amounts receivable: +€36,784
- Stocks and contracts +€13,037
up €13,037 (+38.2%), from €34,102 to €47,140
- Tangible fixed assets -€4,500
down €4,500 (-34.9%), from €12,888 to €8,387
of which Furniture and vehicles: -€3,901
- Cash +€3,594
up €3,594 (+6.3%), from €56,695 to €60,289
mainly Net result for the year (+€97,604) and Other debts (+€39,053)
- Other debts +€39,053
up €39,053 (+43.4%), from €90,000 to €129,053
- Trade debts +€17,303
up €17,303 (+132.8%), from €13,028 to €30,331
- Accrued charges and deferred income -€8,700
down €8,700 (-55.3%), from €15,737 to €7,037
- Short-term financial debts +€8,351
new in 2025: €8,351
- Profit (loss) carried forward +€7,604
up €7,604 (+844.7%), from €900 to €8,504
- Gross operating margin -€173,325
down €173,325 (-62.1%), from €278,929 to €105,605
- Staff costs -€98,042
down €98,042 (-84.2%), from €116,481 to €18,439
- Write-downs -€34,771
down €34,771, from €0 to -€34,771
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 | €182,736 | €242,628 | +€59,892 | +32.8% |
| Fixed assets | 21/28 | €15,888 | €11,387 | -€4,500 | -28.3% |
| Tangible fixed assets | 22/27 | €12,888 | €8,387 | -€4,500 | -34.9% |
| Plant, machinery and equipment | 23 | €2,712 | €2,113 | -€599 | -22.1% |
| Furniture and vehicles | 24 | €10,176 | €6,274 | -€3,901 | -38.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €166,848 | €231,240 | +€64,393 | +38.6% |
| Stocks and contracts in progress | 3 | €34,102 | €47,140 | +€13,037 | +38.2% |
| Stocks | 30/36 | €34,102 | €47,140 | +€13,037 | +38.2% |
| Amounts receivable within one year | 40/41 | €73,715 | €121,428 | +€47,713 | +64.7% |
| Trade receivables | 40 | €40,294 | €51,223 | +€10,929 | +27.1% |
| Other amounts receivable | 41 | €33,421 | €70,205 | +€36,784 | +110.1% |
| Cash at bank and in hand | 54/58 | €56,695 | €60,289 | +€3,594 | +6.3% |
| Deferred charges and accrued income | 490/1 | €2,335 | €2,384 | +€49 | +2.1% |
| Total equity and liabilities | 10/49 | €182,736 | €242,628 | +€59,892 | +32.8% |
| Equity | 10/15 | €55,460 | €63,064 | +€7,604 | +13.7% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €4,960 | €4,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,960 | €4,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,960 | €4,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €900 | €8,504 | +€7,604 | +844.7% |
| Amounts payable | 17/49 | €127,275 | €179,564 | +€52,289 | +41.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,538 | €172,527 | +€60,989 | +54.7% |
| Financial debts | 43 | - | €8,351 | +€8,351 | |
| Credit institutions | 430/8 | - | €8,351 | +€8,351 | |
| Trade debts | 44 | €13,028 | €30,331 | +€17,303 | +132.8% |
| Suppliers | 440/4 | €13,028 | €30,331 | +€17,303 | +132.8% |
| Taxes, remuneration and social security | 45 | €8,511 | €4,792 | -€3,718 | -43.7% |
| Taxes | 450/3 | €8,511 | €108 | -€8,402 | -98.7% |
| Remuneration and social security | 454/9 | €0 | €4,684 | +€4,684 | |
| Other amounts payable | 47/48 | €90,000 | €129,053 | +€39,053 | +43.4% |
| Accrued charges and deferred income | 492/3 | €15,737 | €7,037 | -€8,700 | -55.3% |
| Remuneration, social security and pensions | 62 | €116,481 | €18,439 | -€98,042 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,113 | €4,500 | -€2,613 | -36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€34,771 | -€34,771 | |
| Other operating charges | 640/8 | €1,542 | €925 | -€617 | -40.0% |
| Gross operating margin | 9900 | €278,929 | €105,605 | -€173,325 | -62.1% |
| Operating profit (loss) | 9901 | €153,794 | €116,511 | -€37,282 | -24.2% |
| Financial income | 75/76B | €1,031 | €1,746 | +€715 | +69.3% |
| Recurring financial income | 75 | €1,031 | €1,746 | +€715 | +69.3% |
| Financial charges | 65/66B | €7,240 | €6,166 | -€1,074 | -14.8% |
| Recurring financial charges | 65 | €7,240 | €6,166 | -€1,074 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €147,585 | €112,092 | -€35,493 | -24.0% |
| Income taxes | 67/77 | €16,011 | €14,488 | -€1,522 | -9.5% |
| Profit (loss) for the period | 9904 | €131,575 | €97,604 | -€33,971 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €131,575 | €97,604 | -€33,971 | -25.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.