SIGMA Advisory: 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.
SIGMA Advisory
Largest movements
- Receivables after one year -€37,900
down €37,900 (-41.3%), from €91,800 to €53,900
- Tangible fixed assets -€9,033
down €9,033 (-41.4%), from €21,841 to €12,807
- Cash +€4,642
up €4,642 (+1.9%), from €246,580 to €251,221
mainly Receivables after one year (+€37,900) and Net result for the year (+€9,309)
- Other debts -€48,967
down €48,967 (-99.9%), from €49,008 to €41
- Reserves +€9,309
up €9,309 (+3.2%), from €291,787 to €301,097
of which Distributable reserves: +€11,169
- Taxes -€57,060
down €57,060, from €33,374 to -€23,685
- Depreciation +€3,482
up €3,482 (+62.7%), from €5,552 to €9,033
- Gross operating margin +€1,788
up €1,788 (+27.4%), from -€6,523 to -€4,735
- Financial income -€1,692
down €1,692 (-39.4%), from €4,293 to €2,600
- Other operating charges -€1,665
down €1,665 (-35.7%), from €4,658 to €2,994
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 | €432,443 | €389,631 | -€42,812 | -9.9% |
| Fixed assets | 21/28 | €29,441 | €20,407 | -€9,033 | -30.7% |
| Tangible fixed assets | 22/27 | €21,841 | €12,807 | -€9,033 | -41.4% |
| Furniture and vehicles | 24 | €21,841 | €12,807 | -€9,033 | -41.4% |
| Financial fixed assets | 28 | €7,600 | €7,600 | = | 0.0% |
| Current assets | 29/58 | €403,003 | €369,224 | -€33,779 | -8.4% |
| Amounts receivable after more than one year | 29 | €91,800 | €53,900 | -€37,900 | -41.3% |
| Other amounts receivable | 291 | €91,800 | €53,900 | -€37,900 | -41.3% |
| Amounts receivable within one year | 40/41 | €30,048 | €27,342 | -€2,706 | -9.0% |
| Trade receivables | 40 | €15,279 | €13,303 | -€1,975 | -12.9% |
| Other amounts receivable | 41 | €14,770 | €14,039 | -€731 | -4.9% |
| Cash at bank and in hand | 54/58 | €246,580 | €251,221 | +€4,642 | +1.9% |
| Deferred charges and accrued income | 490/1 | €34,575 | €36,760 | +€2,186 | +6.3% |
| Total equity and liabilities | 10/49 | €432,443 | €389,631 | -€42,812 | -9.9% |
| Equity | 10/15 | €369,079 | €378,388 | +€9,309 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,787 | €301,097 | +€9,309 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €289,927 | €301,097 | +€11,169 | +3.9% |
| Profit (loss) carried forward | 14 | €71,092 | €71,092 | = | 0.0% |
| Amounts payable | 17/49 | €63,364 | €11,243 | -€52,121 | -82.3% |
| Amounts payable within one year | 42/48 | €63,364 | €11,243 | -€52,121 | -82.3% |
| Trade debts | 44 | €11,777 | €10,143 | -€1,634 | -13.9% |
| Suppliers | 440/4 | €11,777 | €10,143 | -€1,634 | -13.9% |
| Taxes, remuneration and social security | 45 | €2,579 | €1,059 | -€1,520 | -58.9% |
| Taxes | 450/3 | €2,579 | €1,059 | -€1,520 | -58.9% |
| Other amounts payable | 47/48 | €49,008 | €41 | -€48,967 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,552 | €9,033 | +€3,482 | +62.7% |
| Other operating charges | 640/8 | €4,658 | €2,994 | -€1,665 | -35.7% |
| Gross operating margin | 9900 | -€6,523 | -€4,735 | +€1,788 | +27.4% |
| Operating profit (loss) | 9901 | -€16,733 | -€16,762 | -€29 | -0.2% |
| Financial income | 75/76B | €4,293 | €2,600 | -€1,692 | -39.4% |
| Recurring financial income | 75 | €4,293 | €2,600 | -€1,692 | -39.4% |
| Financial charges | 65/66B | €1,279 | €215 | -€1,065 | -83.2% |
| Recurring financial charges | 65 | €1,279 | €215 | -€1,065 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,719 | -€14,376 | -€657 | -4.8% |
| Income taxes | 67/77 | €33,374 | -€23,685 | -€57,060 | |
| Profit (loss) for the period | 9904 | -€47,094 | €9,309 | +€56,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,094 | €9,309 | +€56,403 |
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 11 October 2026 via checked.be.