SIGMA VASTGOED: 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.
What changed
SIGMA VASTGOED
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,215
2024 · -€44,302+€25,087
Equity
€2.5m
2024 · €2.5m-€19,215
Cash
€82,890
2024 · €59,785+€23,105
Balance sheet total
€5.5m
2024 · €5.6m-€125,622
Largest movements
Assets
- Tangible fixed assets -€221,566
down €221,566 (-4.1%), from €5.4m to €5.2m
of which Land and buildings: -€220,730
- Current investments +€81,764
up €81,764 (+53.2%), from €153,765 to €235,528
Equity and liabilities
- Debts after one year -€127,246
down €127,246 (-4.6%), from €2.7m to €2.6m
Income statement
- Gross operating margin +€35,134
up €35,134 (+9.6%), from €367,855 to €402,989
- Taxes +€5,223
up €5,223 (+35.7%), from €14,643 to €19,865
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.
Result 2024
-€44,302
Gross operating margin
+€35,134
Depreciation
-€3,090
Other operating charges
-€1,712
Financial income
-€25
Financial charges
+€2
Taxes
-€5,223
Result 2025
-€19,215
raises the resultlowers the result
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.
From operations
+€309,044
Investment
-€170,512
Financing
-€115,427
Cash 2024
€59,785
From operations (derived)
+€309,044
Net result for the year
-€19,215
Depreciation
+€310,314
Receivables after one year
+€25,000
Receivables within one year
-€12,363
Deferred charges and accrued income
-€3,713
Provisions
-€6,937
Trade debts
+€23,016
Tax, wage and social debts
+€5,077
Other debts
-€12,135
Investment (derived)
-€170,512
Investment in fixed assets (net)
-€88,748
Current investments
-€81,764
Financing
-€115,427
Debts after one year
-€127,246
Current portion of long-term debt
+€11,820
Cash 2025
€82,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,626,853 | €5,501,231 | -€125,622 | -2.2% |
| Fixed assets | 21/28 | €5,376,311 | €5,154,744 | -€221,566 | -4.1% |
| Tangible fixed assets | 22/27 | €5,375,811 | €5,154,244 | -€221,566 | -4.1% |
| Land and buildings | 22 | €5,340,203 | €5,119,473 | -€220,730 | -4.1% |
| Plant, machinery and equipment | 23 | €1,423 | €1,878 | +€455 | +32.0% |
| Furniture and vehicles | 24 | €34,185 | €32,893 | -€1,292 | -3.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €250,542 | €346,486 | +€95,945 | +38.3% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €1,250 | €13,613 | +€12,363 | +989% |
| Other amounts receivable | 41 | €1,250 | €13,613 | +€12,363 | +989% |
| Current investments | 50/53 | €153,765 | €235,528 | +€81,764 | +53.2% |
| Cash at bank and in hand | 54/58 | €59,785 | €82,890 | +€23,105 | +38.6% |
| Deferred charges and accrued income | 490/1 | €10,742 | €14,455 | +€3,713 | +34.6% |
| Total equity and liabilities | 10/49 | €5,626,853 | €5,501,231 | -€125,622 | -2.2% |
| Equity | 10/15 | €2,484,939 | €2,465,724 | -€19,215 | -0.8% |
| Contributions | 10/11 | €2,691,200 | €2,691,200 | = | 0.0% |
| Capital | 10 | €2,691,200 | €2,691,200 | = | 0.0% |
| Issued capital | 100 | €2,691,200 | €2,691,200 | = | 0.0% |
| Reserves | 13 | €36,476 | €36,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,476 | €36,476 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,476 | €36,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,737 | -€261,952 | -€19,215 | -7.9% |
| Provisions and deferred taxes | 16 | €130,574 | €123,637 | -€6,937 | -5.3% |
| Deferred taxes | 168 | €130,574 | €123,637 | -€6,937 | -5.3% |
| Amounts payable | 17/49 | €3,011,339 | €2,911,870 | -€99,469 | -3.3% |
| Amounts payable after more than one year | 17 | €2,746,978 | €2,619,732 | -€127,246 | -4.6% |
| Financial debts | 170/4 | €2,746,978 | €2,619,732 | -€127,246 | -4.6% |
| Amounts payable within one year | 42/48 | €264,361 | €292,138 | +€27,777 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €230,346 | €242,166 | +€11,820 | +5.1% |
| Trade debts | 44 | €7,135 | €30,152 | +€23,016 | +323% |
| Suppliers | 440/4 | €7,135 | €30,152 | +€23,016 | +323% |
| Taxes, remuneration and social security | 45 | €14,744 | €19,820 | +€5,077 | +34.4% |
| Taxes | 450/3 | €14,744 | €19,820 | +€5,077 | +34.4% |
| Other amounts payable | 47/48 | €12,135 | - | -€12,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,225 | €310,314 | +€3,090 | +1.0% |
| Other operating charges | 640/8 | €38,278 | €39,991 | +€1,712 | +4.5% |
| Gross operating margin | 9900 | €367,855 | €402,989 | +€35,134 | +9.6% |
| Operating profit (loss) | 9901 | €22,353 | €52,684 | +€30,332 | +136% |
| Financial income | 75/76B | €740 | €716 | -€25 | -3.4% |
| Recurring financial income | 75 | €740 | €716 | -€25 | -3.4% |
| Financial charges | 65/66B | €59,690 | €59,687 | -€2 | 0.0% |
| Recurring financial charges | 65 | €59,690 | €59,687 | -€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,597 | -€6,287 | +€30,309 | +82.8% |
| Transfer from deferred taxes | 780 | €6,937 | €6,937 | = | 0.0% |
| Income taxes | 67/77 | €14,643 | €19,865 | +€5,223 | +35.7% |
| Profit (loss) for the period | 9904 | -€44,302 | -€19,215 | +€25,087 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,302 | -€19,215 | +€25,087 | +56.6% |
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 19 October 2026 via checked.be.