SIGMA16: 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.
SIGMA16
Largest movements
- Receivables within one year +€6,227
up €6,227 (+119.2%), from €5,223 to €11,450
of which Other amounts receivable: +€7,271
- Deferred charges and accrued income +€1,399
up €1,399 (+63.5%), from €2,202 to €3,601
- Cash -€1,056
down €1,056 (-30.1%), from €3,509 to €2,453
mainly Receivables within one year (-€6,227) and Other debts (-€2,262)
- Reserves +€7,600
up €7,600 (+950.0%), from €800 to €8,400
- Tax, wage and social debts +€2,323
up €2,323 (+53.8%), from €4,316 to €6,640
- Other debts -€2,262
no longer reported in 2025 (was €2,262)
- Trade debts -€1,104
down €1,104 (-74.1%), from €1,489 to €385
- Gross operating margin +€8,818
up €8,818 (+407.0%), from €2,167 to €10,985
- Taxes +€1,834
up €1,834 (+227.8%), from €805 to €2,639
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 | €10,935 | €17,504 | +€6,569 | +60.1% |
| Current assets | 29/58 | €10,935 | €17,504 | +€6,569 | +60.1% |
| Amounts receivable within one year | 40/41 | €5,223 | €11,450 | +€6,227 | +119.2% |
| Trade receivables | 40 | €5,165 | €4,121 | -€1,045 | -20.2% |
| Other amounts receivable | 41 | €58 | €7,329 | +€7,271 | +12538.8% |
| Cash at bank and in hand | 54/58 | €3,509 | €2,453 | -€1,056 | -30.1% |
| Deferred charges and accrued income | 490/1 | €2,202 | €3,601 | +€1,399 | +63.5% |
| Total equity and liabilities | 10/49 | €10,935 | €17,504 | +€6,569 | +60.1% |
| Equity | 10/15 | €2,868 | €10,479 | +€7,611 | +265.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €800 | €8,400 | +€7,600 | +950.0% |
| Distributable reserves | 133 | €800 | €8,400 | +€7,600 | +950.0% |
| Profit (loss) carried forward | 14 | €68 | €79 | +€11 | +16.5% |
| Amounts payable | 17/49 | €8,066 | €7,025 | -€1,042 | -12.9% |
| Amounts payable within one year | 42/48 | €8,066 | €7,025 | -€1,042 | -12.9% |
| Trade debts | 44 | €1,489 | €385 | -€1,104 | -74.1% |
| Suppliers | 440/4 | €1,489 | €385 | -€1,104 | -74.1% |
| Taxes, remuneration and social security | 45 | €4,316 | €6,640 | +€2,323 | +53.8% |
| Taxes | 450/3 | €4,316 | €6,640 | +€2,323 | +53.8% |
| Other amounts payable | 47/48 | €2,262 | - | -€2,262 | |
| Other operating charges | 640/8 | €387 | €490 | +€102 | +26.4% |
| Gross operating margin | 9900 | €2,167 | €10,985 | +€8,818 | +407.0% |
| Operating profit (loss) | 9901 | €1,779 | €10,495 | +€8,716 | +489.8% |
| Financial charges | 65/66B | €135 | €245 | +€109 | +80.5% |
| Recurring financial charges | 65 | €135 | €245 | +€109 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €1,644 | €10,251 | +€8,607 | +523.6% |
| Income taxes | 67/77 | €805 | €2,639 | +€1,834 | +227.8% |
| Profit (loss) for the period | 9904 | €839 | €7,611 | +€6,773 | +807.6% |
| Profit (loss) for the period to be appropriated | 9905 | €839 | €7,611 | +€6,773 | +807.6% |
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 2 October 2026 via checked.be.