SIGMA RED: 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 RED
Largest movements
- Cash +€58,996
up €58,996 (+5874.8%), from €1,004 to €60,000
mainly Other debts (+€150,889) and Stocks and contracts (+€45,610)
- Stocks and contracts -€45,610
no longer reported in 2025 (was €45,610)
- Receivables within one year -€25,108
no longer reported in 2025 (was €25,108)
of which Other amounts receivable: -€16,174
- Tangible fixed assets -€11,615
no longer reported in 2025 (was €11,615)
of which Plant, machinery and equipment: -€6,467
- Other debts +€150,889
up €150,889, from €0 to €150,889
- Debts after one year -€105,000
no longer reported in 2025 (was €105,000)
- Trade debts -€69,384
no longer reported in 2025 (was €69,384)
- Gross operating margin +€32,362
up €32,362, from -€27,585 to €4,777
- Depreciation -€11,748
down €11,748 (-71.4%), from €16,462 to €4,714
- Other operating charges -€4,723
no longer reported in 2025 (was €4,723)
- Financial income -€431
no longer reported in 2025 (was €431)
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 | €83,338 | €60,000 | -€23,338 | -28.0% |
| Fixed assets | 21/28 | €11,615 | - | -€11,615 | |
| Tangible fixed assets | 22/27 | €11,615 | - | -€11,615 | |
| Plant, machinery and equipment | 23 | €6,467 | - | -€6,467 | |
| Furniture and vehicles | 24 | €434 | - | -€434 | |
| Other tangible fixed assets | 26 | €4,714 | - | -€4,714 | |
| Current assets | 29/58 | €71,723 | €60,000 | -€11,723 | -16.3% |
| Stocks and contracts in progress | 3 | €45,610 | - | -€45,610 | |
| Stocks | 30/36 | €45,610 | - | -€45,610 | |
| Amounts receivable within one year | 40/41 | €25,108 | - | -€25,108 | |
| Trade receivables | 40 | €8,935 | - | -€8,935 | |
| Other amounts receivable | 41 | €16,174 | - | -€16,174 | |
| Cash at bank and in hand | 54/58 | €1,004 | €60,000 | +€58,996 | +5874.8% |
| Total equity and liabilities | 10/49 | €83,338 | €60,000 | -€23,338 | -28.0% |
| Equity | 10/15 | -€91,046 | -€91,115 | -€69 | -0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,046 | -€96,115 | -€69 | -0.1% |
| Amounts payable | 17/49 | €174,384 | €151,115 | -€23,269 | -13.3% |
| Amounts payable after more than one year | 17 | €105,000 | - | -€105,000 | |
| Financial debts | 170/4 | €105,000 | - | -€105,000 | |
| Amounts payable within one year | 42/48 | €69,384 | €151,115 | +€81,731 | +117.8% |
| Trade debts | 44 | €69,384 | - | -€69,384 | |
| Suppliers | 440/4 | €69,384 | - | -€69,384 | |
| Taxes, remuneration and social security | 45 | €0 | €226 | +€226 | |
| Taxes | 450/3 | €0 | €226 | +€226 | |
| Other amounts payable | 47/48 | €0 | €150,889 | +€150,889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,462 | €4,714 | -€11,748 | -71.4% |
| Other operating charges | 640/8 | €4,723 | - | -€4,723 | |
| Gross operating margin | 9900 | -€27,585 | €4,777 | +€32,362 | |
| Operating profit (loss) | 9901 | -€48,770 | €63 | +€48,833 | |
| Financial income | 75/76B | €431 | - | -€431 | |
| Recurring financial income | 75 | €431 | - | -€431 | |
| Financial charges | 65/66B | €172 | €63 | -€109 | -63.4% |
| Recurring financial charges | 65 | €172 | €63 | -€109 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,511 | €0 | +€48,511 | |
| Income taxes | 67/77 | - | €69 | +€69 | |
| Profit (loss) for the period | 9904 | -€48,511 | -€69 | +€48,442 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,511 | -€69 | +€48,442 | +99.9% |
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 1 October 2026 via checked.be.