SIGLO: 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.
SIGLO
Largest movements
- Tangible fixed assets +€11,650
up €11,650 (+25.5%), from €45,728 to €57,377
of which Leasing and similar rights: +€11,621
- Receivables within one year +€9,443
up €9,443 (+30.8%), from €30,687 to €40,131
of which Other amounts receivable: +€7,857
- Cash +€5,290
up €5,290 (+72.2%), from €7,327 to €12,617
mainly Debts after one year (+€20,954) and Net result for the year (+€11,362)
- Debts after one year +€20,954
up €20,954 (+114.4%), from €18,314 to €39,269
- Reserves +€11,350
up €11,350 (+13.2%), from €85,700 to €97,050
- Current portion of long-term debt -€4,226
down €4,226 (-27.8%), from €15,222 to €10,996
- Depreciation -€4,598
down €4,598 (-31.6%), from €14,567 to €9,968
- Other operating charges +€2,845
up €2,845 (+136.7%), from €2,081 to €4,926
- Taxes -€1,771
down €1,771 (-20.7%), from €8,568 to €6,796
- Financial charges +€1,522
up €1,522 (+81.1%), from €1,876 to €3,398
- Gross operating margin +€885
up €885 (+2.1%), from €41,425 to €42,310
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 | €153,783 | €181,757 | +€27,974 | +18.2% |
| Fixed assets | 21/28 | €115,728 | €127,377 | +€11,650 | +10.1% |
| Tangible fixed assets | 22/27 | €45,728 | €57,377 | +€11,650 | +25.5% |
| Plant, machinery and equipment | 23 | €5,619 | €3,496 | -€2,123 | -37.8% |
| Furniture and vehicles | 24 | €1,559 | €3,711 | +€2,152 | +138.0% |
| Leasing and similar rights | 25 | €38,549 | €50,170 | +€11,621 | +30.1% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €38,056 | €54,380 | +€16,325 | +42.9% |
| Amounts receivable within one year | 40/41 | €30,687 | €40,131 | +€9,443 | +30.8% |
| Trade receivables | 40 | €18,888 | €20,475 | +€1,586 | +8.4% |
| Other amounts receivable | 41 | €11,799 | €19,656 | +€7,857 | +66.6% |
| Current investments | 50/53 | €42 | €1,633 | +€1,591 | +3788.9% |
| Cash at bank and in hand | 54/58 | €7,327 | €12,617 | +€5,290 | +72.2% |
| Total equity and liabilities | 10/49 | €153,783 | €181,757 | +€27,974 | +18.2% |
| Equity | 10/15 | €100,425 | €111,787 | +€11,362 | +11.3% |
| Contributions | 10/11 | €8,040 | €8,040 | = | 0.0% |
| Reserves | 13 | €85,700 | €97,050 | +€11,350 | +13.2% |
| Distributable reserves | 133 | €85,700 | €97,050 | +€11,350 | +13.2% |
| Profit (loss) carried forward | 14 | €6,685 | €6,697 | +€12 | +0.2% |
| Amounts payable | 17/49 | €53,358 | €69,971 | +€16,613 | +31.1% |
| Amounts payable after more than one year | 17 | €18,314 | €39,269 | +€20,954 | +114.4% |
| Financial debts | 170/4 | €18,314 | €39,269 | +€20,954 | +114.4% |
| Amounts payable within one year | 42/48 | €35,044 | €30,702 | -€4,342 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €15,222 | €10,996 | -€4,226 | -27.8% |
| Trade debts | 44 | €3,500 | €1,788 | -€1,712 | -48.9% |
| Suppliers | 440/4 | €3,500 | €1,788 | -€1,712 | -48.9% |
| Taxes, remuneration and social security | 45 | €16,322 | €17,918 | +€1,597 | +9.8% |
| Taxes | 450/3 | €16,322 | €17,918 | +€1,597 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,567 | €9,968 | -€4,598 | -31.6% |
| Other operating charges | 640/8 | €2,081 | €4,926 | +€2,845 | +136.7% |
| Non-recurring operating charges | 66A | - | €6,732 | +€6,732 | |
| Gross operating margin | 9900 | €41,425 | €42,310 | +€885 | +2.1% |
| Operating profit (loss) | 9901 | €24,777 | €20,683 | -€4,094 | -16.5% |
| Financial income | 75/76B | €416 | €872 | +€456 | +109.6% |
| Recurring financial income | 75 | €416 | €872 | +€456 | +109.6% |
| Financial charges | 65/66B | €1,876 | €3,398 | +€1,522 | +81.1% |
| Recurring financial charges | 65 | €1,876 | €3,398 | +€1,522 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €23,318 | €18,158 | -€5,160 | -22.1% |
| Income taxes | 67/77 | €8,568 | €6,796 | -€1,771 | -20.7% |
| Profit (loss) for the period | 9904 | €14,750 | €11,362 | -€3,388 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,750 | €11,362 | -€3,388 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.