SIGMA CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Current investments +€211,100
up €211,100 (+1518.7%), from €13,900 to €225,000
- Receivables after one year -€170,000
no longer reported in 2025 (was €170,000)
- Receivables within one year -€8,647
down €8,647 (-80.5%), from €10,741 to €2,094
- Reserves +€74,552
up €74,552 (+37.5%), from €199,001 to €273,553
- Other debts -€46,064
down €46,064 (-99.7%), from €46,200 to €136
- Tax, wage and social debts +€3,187
up €3,187 (+154.5%), from €2,062 to €5,249
- Gross operating margin +€60,532
up €60,532 (+139.6%), from €43,358 to €103,890
- Taxes +€21,835
up €21,835 (+157.9%), from €13,826 to €35,661
- Financial charges -€5,217
down €5,217, from €3,044 to -€2,173
- Financial income +€4,690
up €4,690 (+94.7%), from €4,955 to €9,645
- Depreciation -€3,001
down €3,001 (-42.8%), from €7,015 to €4,015
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 | €251,693 | €283,859 | +€32,166 | +12.8% |
| Fixed assets | 21/28 | €5,474 | €3,171 | -€2,303 | -42.1% |
| Tangible fixed assets | 22/27 | €5,474 | €3,171 | -€2,303 | -42.1% |
| Furniture and vehicles | 24 | €5,474 | €3,171 | -€2,303 | -42.1% |
| Current assets | 29/58 | €246,219 | €280,688 | +€34,468 | +14.0% |
| Amounts receivable after more than one year | 29 | €170,000 | - | -€170,000 | |
| Trade receivables | 290 | €170,000 | - | -€170,000 | |
| Amounts receivable within one year | 40/41 | €10,741 | €2,094 | -€8,647 | -80.5% |
| Trade receivables | 40 | €10,741 | €2,094 | -€8,647 | -80.5% |
| Current investments | 50/53 | €13,900 | €225,000 | +€211,100 | +1518.7% |
| Cash at bank and in hand | 54/58 | €50,173 | €50,551 | +€378 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,405 | €3,042 | +€1,637 | +116.6% |
| Total equity and liabilities | 10/49 | €251,693 | €283,859 | +€32,166 | +12.8% |
| Equity | 10/15 | €203,351 | €277,903 | +€74,552 | +36.7% |
| Contributions | 10/11 | €3,260 | €3,260 | = | 0.0% |
| Reserves | 13 | €199,001 | €273,553 | +€74,552 | +37.5% |
| Distributable reserves | 133 | €199,001 | €273,553 | +€74,552 | +37.5% |
| Profit (loss) carried forward | 14 | €1,090 | €1,090 | = | 0.0% |
| Amounts payable | 17/49 | €48,342 | €5,956 | -€42,386 | -87.7% |
| Amounts payable within one year | 42/48 | €48,342 | €5,956 | -€42,386 | -87.7% |
| Trade debts | 44 | €80 | €571 | +€491 | +616.5% |
| Suppliers | 440/4 | €80 | €571 | +€491 | +616.5% |
| Taxes, remuneration and social security | 45 | €2,062 | €5,249 | +€3,187 | +154.5% |
| Taxes | 450/3 | €2,062 | €5,249 | +€3,187 | +154.5% |
| Other amounts payable | 47/48 | €46,200 | €136 | -€46,064 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,015 | €4,015 | -€3,001 | -42.8% |
| Other operating charges | 640/8 | €1,575 | €1,480 | -€95 | -6.0% |
| Gross operating margin | 9900 | €43,358 | €103,890 | +€60,532 | +139.6% |
| Operating profit (loss) | 9901 | €34,768 | €98,395 | +€63,628 | +183.0% |
| Financial income | 75/76B | €4,955 | €9,645 | +€4,690 | +94.7% |
| Recurring financial income | 75 | €4,955 | €9,645 | +€4,690 | +94.7% |
| Financial charges | 65/66B | €3,044 | -€2,173 | -€5,217 | |
| Recurring financial charges | 65 | €3,044 | -€2,173 | -€5,217 | |
| Profit (loss) for the period before taxes | 9903 | €36,678 | €110,213 | +€73,535 | +200.5% |
| Income taxes | 67/77 | €13,826 | €35,661 | +€21,835 | +157.9% |
| Profit (loss) for the period | 9904 | €22,852 | €74,552 | +€51,700 | +226.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,852 | €74,552 | +€51,700 | +226.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.