Sigma Delta Software Solutions: 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 Delta Software Solutions
Largest movements
- Tangible fixed assets -€21,569
down €21,569 (-30.7%), from €70,326 to €48,757
of which Furniture and vehicles: -€19,370
- Cash +€17,615
up €17,615 (+66.6%), from €26,453 to €44,068
mainly Depreciation (+€21,569) and Trade debts (+€16,402)
- Deferred charges and accrued income +€6,928
up €6,928, from €0 to €6,928
- Receivables within one year -€5,802
down €5,802 (-5.0%), from €116,191 to €110,389
of which Trade receivables: -€31,833
- Debts after one year -€22,000
down €22,000 (-69.6%), from €31,588 to €9,588
- Trade debts +€16,402
up €16,402 (+697%), from €2,354 to €18,755
- Profit (loss) carried forward +€8,140
up €8,140, from -€8,140 to €0
- Reserves -€4,561
down €4,561 (-3.5%), from €131,603 to €127,042
- Tax, wage and social debts -€2,165
down €2,165 (-13.3%), from €16,322 to €14,157
of which Taxes: -€2,165
- Gross operating margin +€48,123
up €48,123 (+233%), from €20,655 to €68,778
- Other operating charges +€34,835
up €34,835 (+2,944%), from €1,183 to €36,018
- Taxes +€5,035
up €5,035 (+2,406%), from €209 to €5,245
- Financial charges +€1,171
up €1,171 (+21.7%), from €5,401 to €6,572
- Depreciation +€936
up €936 (+4.5%), from €20,633 to €21,569
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 | €212,970 | €210,142 | -€2,828 | -1.3% |
| Fixed assets | 21/28 | €70,326 | €48,757 | -€21,569 | -30.7% |
| Tangible fixed assets | 22/27 | €70,326 | €48,757 | -€21,569 | -30.7% |
| Plant, machinery and equipment | 23 | €3,602 | €2,269 | -€1,333 | -37.0% |
| Furniture and vehicles | 24 | €64,991 | €45,621 | -€19,370 | -29.8% |
| Other tangible fixed assets | 26 | €1,733 | €867 | -€867 | -50.0% |
| Current assets | 29/58 | €142,644 | €161,385 | +€18,741 | +13.1% |
| Amounts receivable within one year | 40/41 | €116,191 | €110,389 | -€5,802 | -5.0% |
| Trade receivables | 40 | €50,911 | €19,078 | -€31,833 | -62.5% |
| Other amounts receivable | 41 | €65,280 | €91,312 | +€26,031 | +39.9% |
| Cash at bank and in hand | 54/58 | €26,453 | €44,068 | +€17,615 | +66.6% |
| Deferred charges and accrued income | 490/1 | €0 | €6,928 | +€6,928 | |
| Total equity and liabilities | 10/49 | €212,970 | €210,142 | -€2,828 | -1.3% |
| Equity | 10/15 | €142,063 | €145,642 | +€3,579 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,603 | €127,042 | -€4,561 | -3.5% |
| Distributable reserves | 133 | €131,603 | €127,042 | -€4,561 | -3.5% |
| Profit (loss) carried forward | 14 | -€8,140 | €0 | +€8,140 | |
| Amounts payable | 17/49 | €70,907 | €64,501 | -€6,407 | -9.0% |
| Amounts payable after more than one year | 17 | €31,588 | €9,588 | -€22,000 | -69.6% |
| Financial debts | 170/4 | €31,588 | €9,588 | -€22,000 | -69.6% |
| Amounts payable within one year | 42/48 | €39,319 | €54,913 | +€15,593 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €20,644 | €22,000 | +€1,356 | +6.6% |
| Trade debts | 44 | €2,354 | €18,755 | +€16,402 | +697% |
| Suppliers | 440/4 | €2,354 | €18,755 | +€16,402 | +697% |
| Taxes, remuneration and social security | 45 | €16,322 | €14,157 | -€2,165 | -13.3% |
| Taxes | 450/3 | €16,322 | €14,157 | -€2,165 | -13.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,633 | €21,569 | +€936 | +4.5% |
| Other operating charges | 640/8 | €1,183 | €36,018 | +€34,835 | +2,944% |
| Gross operating margin | 9900 | €20,655 | €68,778 | +€48,123 | +233% |
| Operating profit (loss) | 9901 | -€1,161 | €11,190 | +€12,352 | |
| Financial income | 75/76B | €3,793 | €4,205 | +€412 | +10.9% |
| Recurring financial income | 75 | €3,793 | €4,205 | +€412 | +10.9% |
| Financial charges | 65/66B | €5,401 | €6,572 | +€1,171 | +21.7% |
| Recurring financial charges | 65 | €5,401 | €6,572 | +€1,171 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,770 | €8,823 | +€11,593 | |
| Income taxes | 67/77 | €209 | €5,245 | +€5,035 | +2,406% |
| Profit (loss) for the period | 9904 | -€2,979 | €3,579 | +€6,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,979 | €3,579 | +€6,558 |
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 27 October 2026 via checked.be.