SIGI: 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.
SIGI
Largest movements
- Receivables within one year +€17,314
up €17,314 (+5.4%), from €319,612 to €336,926
- Tangible fixed assets -€17,267
down €17,267 (-29.1%), from €59,389 to €42,122
- Provisions -€27,093
down €27,093 (-40.4%), from €67,093 to €40,000
- Other debts +€26,536
up €26,536 (+19.3%), from €137,239 to €163,775
- Reserves +€18,855
up €18,855 (+11.1%), from €169,611 to €188,466
- Tax, wage and social debts -€16,388
down €16,388 (-61.2%), from €26,757 to €10,370
- Gross operating margin -€82,951
down €82,951 (-74.8%), from €110,955 to €28,003
- Provisions -€27,093
new in 2025: -€27,093
- Taxes -€15,309
down €15,309 (-65.3%), from €23,432 to €8,124
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 | €427,591 | €428,727 | +€1,136 | +0.3% |
| Fixed assets | 21/28 | €104,089 | €86,822 | -€17,267 | -16.6% |
| Tangible fixed assets | 22/27 | €59,389 | €42,122 | -€17,267 | -29.1% |
| Furniture and vehicles | 24 | €59,389 | €42,122 | -€17,267 | -29.1% |
| Financial fixed assets | 28 | €44,700 | €44,700 | = | 0.0% |
| Current assets | 29/58 | €323,502 | €341,905 | +€18,404 | +5.7% |
| Amounts receivable within one year | 40/41 | €319,612 | €336,926 | +€17,314 | +5.4% |
| Other amounts receivable | 41 | €319,612 | €336,926 | +€17,314 | +5.4% |
| Cash at bank and in hand | 54/58 | €2,967 | €3,841 | +€873 | +29.4% |
| Deferred charges and accrued income | 490/1 | €922 | €1,139 | +€217 | +23.5% |
| Total equity and liabilities | 10/49 | €427,591 | €428,727 | +€1,136 | +0.3% |
| Equity | 10/15 | €188,211 | €207,066 | +€18,855 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,611 | €188,466 | +€18,855 | +11.1% |
| Distributable reserves | 133 | €169,611 | €188,466 | +€18,855 | +11.1% |
| Provisions and deferred taxes | 16 | €67,093 | €40,000 | -€27,093 | -40.4% |
| Provisions for liabilities and charges | 160/5 | €67,093 | €40,000 | -€27,093 | -40.4% |
| Environmental obligations | 163 | €67,093 | €40,000 | -€27,093 | -40.4% |
| Amounts payable | 17/49 | €172,287 | €181,661 | +€9,374 | +5.4% |
| Amounts payable within one year | 42/48 | €165,496 | €174,915 | +€9,418 | +5.7% |
| Trade debts | 44 | €1,500 | €770 | -€731 | -48.7% |
| Suppliers | 440/4 | €1,500 | €770 | -€731 | -48.7% |
| Taxes, remuneration and social security | 45 | €26,757 | €10,370 | -€16,388 | -61.2% |
| Taxes | 450/3 | €26,757 | €10,370 | -€16,388 | -61.2% |
| Other amounts payable | 47/48 | €137,239 | €163,775 | +€26,536 | +19.3% |
| Accrued charges and deferred income | 492/3 | €6,790 | €6,747 | -€44 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,412 | €17,267 | -€144 | -0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€27,093 | -€27,093 | |
| Other operating charges | 640/8 | €776 | €901 | +€125 | +16.1% |
| Gross operating margin | 9900 | €110,955 | €28,003 | -€82,951 | -74.8% |
| Operating profit (loss) | 9901 | €92,767 | €36,928 | -€55,839 | -60.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €9,808 | €9,951 | +€143 | +1.5% |
| Recurring financial charges | 65 | €9,808 | €9,951 | +€143 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €82,959 | €26,978 | -€55,981 | -67.5% |
| Income taxes | 67/77 | €23,432 | €8,124 | -€15,309 | -65.3% |
| Profit (loss) for the period | 9904 | €59,527 | €18,855 | -€40,672 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,527 | €18,855 | -€40,672 | -68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.