SIGMA PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€15,198
down €15,198 (-73.1%), from €20,791 to €5,593
of which Furniture and vehicles: -€13,528
- Cash -€6,454
down €6,454 (-48.7%), from €13,263 to €6,809
mainly Contributions, distributions and other (-€19,000) and Current portion of long-term debt (-€10,241)
- Deferred charges and accrued income -€3,300
down €3,300 (-42.4%), from €7,777 to €4,477
- Receivables within one year +€778
up €778 (+102.7%), from €758 to €1,536
of which Trade receivables: +€778
- Current portion of long-term debt -€10,241
down €10,241 (-83.2%), from €12,303 to €2,062
- Profit (loss) carried forward -€5,144
down €5,144 (-26.7%), from €19,281 to €14,137
- Other debts -€3,295
down €3,295 (-99.8%), from €3,301 to €7
- Tax, wage and social debts -€2,643
down €2,643 (-46.5%), from €5,683 to €3,039
- Debts after one year -€2,062
no longer reported in 2024 (was €2,062)
- Gross operating margin +€8,878
up €8,878 (+30.8%), from €28,860 to €37,738
- Taxes +€2,001
up €2,001 (+58.1%), from €3,442 to €5,444
- Depreciation -€1,010
down €1,010 (-5.5%), from €18,201 to €17,192
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,765 | €21,245 | -€24,520 | -53.6% |
| Fixed assets | 21/28 | €21,065 | €5,708 | -€15,358 | -72.9% |
| Intangible fixed assets | 21 | €275 | €115 | -€159 | -58.1% |
| Tangible fixed assets | 22/27 | €20,791 | €5,593 | -€15,198 | -73.1% |
| Plant, machinery and equipment | 23 | €996 | - | -€996 | |
| Furniture and vehicles | 24 | €18,152 | €4,624 | -€13,528 | -74.5% |
| Leasing and similar rights | 25 | €1,643 | €968 | -€675 | -41.1% |
| Current assets | 29/58 | €24,699 | €15,537 | -€9,163 | -37.1% |
| Stocks and contracts in progress | 3 | €2,902 | €2,715 | -€187 | -6.4% |
| Stocks | 30/36 | €2,902 | €2,715 | -€187 | -6.4% |
| Amounts receivable within one year | 40/41 | €758 | €1,536 | +€778 | +102.7% |
| Trade receivables | 40 | €200 | €978 | +€778 | +389.0% |
| Other amounts receivable | 41 | €558 | €558 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,263 | €6,809 | -€6,454 | -48.7% |
| Deferred charges and accrued income | 490/1 | €7,777 | €4,477 | -€3,300 | -42.4% |
| Total equity and liabilities | 10/49 | €45,765 | €21,245 | -€24,520 | -53.6% |
| Equity | 10/15 | €21,281 | €16,137 | -€5,144 | -24.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,281 | €14,137 | -€5,144 | -26.7% |
| Amounts payable | 17/49 | €24,484 | €5,108 | -€19,376 | -79.1% |
| Amounts payable after more than one year | 17 | €2,062 | - | -€2,062 | |
| Financial debts | 170/4 | €2,062 | - | -€2,062 | |
| Amounts payable within one year | 42/48 | €22,422 | €5,108 | -€17,314 | -77.2% |
| Current portion of amounts payable after more than one year | 42 | €12,303 | €2,062 | -€10,241 | -83.2% |
| Trade debts | 44 | €1,135 | - | -€1,135 | |
| Suppliers | 440/4 | €1,135 | - | -€1,135 | |
| Taxes, remuneration and social security | 45 | €5,683 | €3,039 | -€2,643 | -46.5% |
| Taxes | 450/3 | €5,683 | €3,039 | -€2,643 | -46.5% |
| Other amounts payable | 47/48 | €3,301 | €7 | -€3,295 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,201 | €17,192 | -€1,010 | -5.5% |
| Other operating charges | 640/8 | €1,002 | €1,024 | +€23 | +2.3% |
| Gross operating margin | 9900 | €28,860 | €37,738 | +€8,878 | +30.8% |
| Operating profit (loss) | 9901 | €9,657 | €19,522 | +€9,865 | +102.1% |
| Financial income | 75/76B | €0 | €26 | +€26 | +86333.3% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +86333.3% |
| Financial charges | 65/66B | €304 | €248 | -€55 | -18.2% |
| Recurring financial charges | 65 | €304 | €248 | -€55 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €9,354 | €19,299 | +€9,946 | +106.3% |
| Income taxes | 67/77 | €3,442 | €5,444 | +€2,001 | +58.1% |
| Profit (loss) for the period | 9904 | €5,911 | €13,856 | +€7,944 | +134.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,911 | €13,856 | +€7,944 | +134.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.