SIGL Estate: 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.
SIGL Estate
Largest movements
- Financial fixed assets +€67,500
new in 2025: €67,500
- Cash +€52,294
up €52,294 (+58.2%), from €89,776 to €142,071
mainly Net result for the year (+€84,227) and Tax, wage and social debts (+€29,934)
- Tangible fixed assets -€4,909
down €4,909 (-30.4%), from €16,160 to €11,252
of which Furniture and vehicles: -€4,530
- Reserves +€84,227
up €84,227 (+98.7%), from €85,370 to €169,596
- Tax, wage and social debts +€29,934
up €29,934 (+128%), from €23,305 to €53,239
- Trade debts +€2,918
up €2,918 (+199%), from €1,463 to €4,382
- Gross operating margin +€61,723
up €61,723 (+98.4%), from €62,739 to €124,462
- Taxes +€17,974
up €17,974 (+110%), from €16,388 to €34,362
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 | €118,510 | €234,089 | +€115,579 | +97.5% |
| Fixed assets | 21/28 | €16,160 | €78,752 | +€62,591 | +387% |
| Tangible fixed assets | 22/27 | €16,160 | €11,252 | -€4,909 | -30.4% |
| Furniture and vehicles | 24 | €12,925 | €8,395 | -€4,530 | -35.0% |
| Other tangible fixed assets | 26 | €3,236 | €2,857 | -€379 | -11.7% |
| Financial fixed assets | 28 | - | €67,500 | +€67,500 | |
| Current assets | 29/58 | €102,350 | €155,338 | +€52,988 | +51.8% |
| Amounts receivable within one year | 40/41 | €10,885 | €12,538 | +€1,653 | +15.2% |
| Trade receivables | 40 | €10,885 | €12,538 | +€1,653 | +15.2% |
| Current investments | 50/53 | €1,000 | €0 | -€1,000 | -100% |
| Cash at bank and in hand | 54/58 | €89,776 | €142,071 | +€52,294 | +58.2% |
| Deferred charges and accrued income | 490/1 | €688 | €729 | +€40 | +5.9% |
| Total equity and liabilities | 10/49 | €118,510 | €234,089 | +€115,579 | +97.5% |
| Equity | 10/15 | €90,370 | €174,596 | +€84,227 | +93.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,370 | €169,596 | +€84,227 | +98.7% |
| Distributable reserves | 133 | €85,370 | €169,596 | +€84,227 | +98.7% |
| Amounts payable | 17/49 | €28,141 | €59,493 | +€31,352 | +111% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,141 | €59,493 | +€31,352 | +111% |
| Current portion of amounts payable after more than one year | 42 | €1,038 | €0 | -€1,038 | -100% |
| Trade debts | 44 | €1,463 | €4,382 | +€2,918 | +199% |
| Suppliers | 440/4 | €1,463 | €4,382 | +€2,918 | +199% |
| Taxes, remuneration and social security | 45 | €23,305 | €53,239 | +€29,934 | +128% |
| Taxes | 450/3 | €23,305 | €53,239 | +€29,934 | +128% |
| Other amounts payable | 47/48 | €2,335 | €1,872 | -€463 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,907 | €4,909 | +€2 | 0.0% |
| Other operating charges | 640/8 | €914 | €885 | -€29 | -3.2% |
| Gross operating margin | 9900 | €62,739 | €124,462 | +€61,723 | +98.4% |
| Operating profit (loss) | 9901 | €56,919 | €118,669 | +€61,750 | +108% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €239 | €96 | -€144 | -60.1% |
| Recurring financial charges | 65 | €239 | €96 | -€144 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €56,679 | €118,589 | +€61,909 | +109% |
| Income taxes | 67/77 | €16,388 | €34,362 | +€17,974 | +110% |
| Profit (loss) for the period | 9904 | €40,291 | €84,227 | +€43,936 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €40,291 | €84,227 | +€43,936 | +109% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.