SIGIKEY: 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.
SIGIKEY
Largest movements
- Cash -€24,100
down €24,100 (-99.6%), from €24,201 to €101
mainly Receivables within one year (-€13,586) and Tax, wage and social debts (-€6,234)
- Receivables within one year +€13,586
up €13,586 (+20.0%), from €67,812 to €81,398
of which Trade receivables: +€13,602
- Tax, wage and social debts -€6,234
down €6,234 (-47.3%), from €13,168 to €6,935
- Reserves -€4,424
down €4,424 (-7.2%), from €61,123 to €56,699
- Gross operating margin -€11,231
down €11,231 (-86.9%), from €12,929 to €1,698
- Taxes -€4,364
down €4,364 (-93.0%), from €4,692 to €328
- Financial charges +€3,257
up €3,257 (+579%), from €562 to €3,820
- Other operating charges +€391
up €391 (+28.3%), from €1,382 to €1,773
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 | €93,861 | €83,303 | -€10,557 | -11.2% |
| Fixed assets | 21/28 | €1,848 | €1,645 | -€203 | -11.0% |
| Tangible fixed assets | 22/27 | €1,848 | €1,645 | -€203 | -11.0% |
| Plant, machinery and equipment | 23 | €1,392 | €1,392 | = | 0.0% |
| Furniture and vehicles | 24 | €456 | €253 | -€203 | -44.5% |
| Current assets | 29/58 | €92,012 | €81,658 | -€10,355 | -11.3% |
| Amounts receivable within one year | 40/41 | €67,812 | €81,398 | +€13,586 | +20.0% |
| Trade receivables | 40 | €42,324 | €55,926 | +€13,602 | +32.1% |
| Other amounts receivable | 41 | €25,488 | €25,472 | -€16 | -0.1% |
| Cash at bank and in hand | 54/58 | €24,201 | €101 | -€24,100 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €159 | +€159 | |
| Total equity and liabilities | 10/49 | €93,861 | €83,303 | -€10,557 | -11.2% |
| Equity | 10/15 | €79,723 | €75,299 | -€4,424 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,123 | €56,699 | -€4,424 | -7.2% |
| Distributable reserves | 133 | €61,123 | €56,699 | -€4,424 | -7.2% |
| Amounts payable | 17/49 | €14,138 | €8,005 | -€6,133 | -43.4% |
| Amounts payable within one year | 42/48 | €14,075 | €8,005 | -€6,070 | -43.1% |
| Trade debts | 44 | €907 | €1,070 | +€163 | +18.0% |
| Suppliers | 440/4 | €907 | €1,070 | +€163 | +18.0% |
| Taxes, remuneration and social security | 45 | €13,168 | €6,935 | -€6,234 | -47.3% |
| Taxes | 450/3 | €13,168 | €6,935 | -€6,234 | -47.3% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €203 | +€50 | +33.1% |
| Other operating charges | 640/8 | €1,382 | €1,773 | +€391 | +28.3% |
| Gross operating margin | 9900 | €12,929 | €1,698 | -€11,231 | -86.9% |
| Operating profit (loss) | 9901 | €11,394 | -€278 | -€11,673 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €562 | €3,820 | +€3,257 | +579% |
| Recurring financial charges | 65 | €562 | €3,820 | +€3,257 | +579% |
| Profit (loss) for the period before taxes | 9903 | €10,832 | -€4,096 | -€14,928 | |
| Income taxes | 67/77 | €4,692 | €328 | -€4,364 | -93.0% |
| Profit (loss) for the period | 9904 | €6,139 | -€4,424 | -€10,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,139 | -€4,424 | -€10,563 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.