SIGIDEL: 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.
SIGIDEL
Largest movements
- Cash -€828,713
down €828,713 (-44.6%), from €1.9m to €1.0m
mainly Receivables within one year (-€713,132) and Investment in fixed assets (net) (-€234,158)
- Receivables within one year +€713,132
up €713,132 (+49,526%), from €1,440 to €714,572
of which Other amounts receivable: +€713,793
- Current investments +€189,998
new in 2026: €189,998
- Tangible fixed assets +€107,280
up €107,280 (+38.4%), from €279,453 to €386,733
of which Plant, machinery and equipment: +€107,470
- Stocks and contracts -€64,522
down €64,522 (-7.5%), from €856,989 to €792,467
- Reserves +€140,065
up €140,065 (+360%), from €38,959 to €179,025
- Other debts +€68,440
up €68,440 (+317%), from €21,560 to €90,000
- Trade debts -€65,352
down €65,352 (-3.3%), from €2.0m to €1.9m
- Accrued charges and deferred income -€42,519
down €42,519 (-9.0%), from €472,670 to €430,151
- Gross operating margin +€242,172
up €242,172 (+8.8%), from €2.8m to €3.0m
- Staff costs -€116,337
down €116,337 (-4.4%), from €2.6m to €2.5m
- Depreciation +€103,056
up €103,056 (+305%), from €33,821 to €136,877
- Taxes +€30,110
up €30,110 (+210%), from €14,347 to €44,457
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.
Derived cash bridge
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 | €3,046,878 | €3,157,644 | +€110,766 | +3.6% |
| Fixed assets | 21/28 | €320,752 | €418,032 | +€97,281 | +30.3% |
| Intangible fixed assets | 21 | €41,299 | €31,299 | -€10,000 | -24.2% |
| Tangible fixed assets | 22/27 | €279,453 | €386,733 | +€107,280 | +38.4% |
| Plant, machinery and equipment | 23 | €162,801 | €270,271 | +€107,470 | +66.0% |
| Furniture and vehicles | 24 | €116,652 | €116,462 | -€190 | -0.2% |
| Current assets | 29/58 | €2,726,126 | €2,739,612 | +€13,485 | +0.5% |
| Stocks and contracts in progress | 3 | €856,989 | €792,467 | -€64,522 | -7.5% |
| Stocks | 30/36 | €856,989 | €792,467 | -€64,522 | -7.5% |
| Amounts receivable within one year | 40/41 | €1,440 | €714,572 | +€713,132 | +49,526% |
| Trade receivables | 40 | €1,440 | €779 | -€661 | -45.9% |
| Other amounts receivable | 41 | - | €713,793 | +€713,793 | |
| Current investments | 50/53 | - | €189,998 | +€189,998 | |
| Cash at bank and in hand | 54/58 | €1,858,391 | €1,029,678 | -€828,713 | -44.6% |
| Deferred charges and accrued income | 490/1 | €9,307 | €12,896 | +€3,589 | +38.6% |
| Total equity and liabilities | 10/49 | €3,046,878 | €3,157,644 | +€110,766 | +3.6% |
| Equity | 10/15 | €138,959 | €279,025 | +€140,065 | +101% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €38,959 | €179,025 | +€140,065 | +360% |
| Distributable reserves | 133 | €38,959 | €179,025 | +€140,065 | +360% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,907,919 | €2,878,619 | -€29,300 | -1.0% |
| Amounts payable within one year | 42/48 | €2,435,249 | €2,448,468 | +€13,219 | +0.5% |
| Trade debts | 44 | €1,995,381 | €1,930,029 | -€65,352 | -3.3% |
| Suppliers | 440/4 | €1,995,381 | €1,930,029 | -€65,352 | -3.3% |
| Taxes, remuneration and social security | 45 | €418,309 | €428,440 | +€10,131 | +2.4% |
| Taxes | 450/3 | €43,054 | €65,155 | +€22,101 | +51.3% |
| Remuneration and social security | 454/9 | €375,255 | €363,285 | -€11,970 | -3.2% |
| Other amounts payable | 47/48 | €21,560 | €90,000 | +€68,440 | +317% |
| Accrued charges and deferred income | 492/3 | €472,670 | €430,151 | -€42,519 | -9.0% |
| Remuneration, social security and pensions | 62 | €2,636,673 | €2,520,336 | -€116,337 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,821 | €136,877 | +€103,056 | +305% |
| Other operating charges | 640/8 | €3,738 | €11,883 | +€8,145 | +218% |
| Gross operating margin | 9900 | €2,751,492 | €2,993,663 | +€242,172 | +8.8% |
| Operating profit (loss) | 9901 | €77,260 | €324,567 | +€247,307 | +320% |
| Financial income | 75/76B | €1,480 | €2,137 | +€657 | +44.4% |
| Recurring financial income | 75 | €1,480 | €2,137 | +€657 | +44.4% |
| Financial charges | 65/66B | €25,433 | €52,181 | +€26,748 | +105% |
| Recurring financial charges | 65 | €25,433 | €52,181 | +€26,748 | +105% |
| Profit (loss) for the period before taxes | 9903 | €53,306 | €274,522 | +€221,216 | +415% |
| Income taxes | 67/77 | €14,347 | €44,457 | +€30,110 | +210% |
| Profit (loss) for the period | 9904 | €38,959 | €230,065 | +€191,106 | +491% |
| Profit (loss) for the period to be appropriated | 9905 | €38,959 | €230,065 | +€191,106 | +491% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.