SigmaCap: 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.
SigmaCap
Largest movements
- Current investments +€41,357
up €41,357 (+908.9%), from €4,550 to €45,907
- Receivables within one year +€24,765
up €24,765 (+46.8%), from €52,953 to €77,718
of which Other amounts receivable: +€13,006
- Cash -€3,038
down €3,038 (-6.9%), from €44,276 to €41,238
mainly Current investments (-€41,357) and Receivables within one year (-€24,765)
- Profit (loss) carried forward +€48,495
up €48,495 (+62.2%), from €77,958 to €126,452
- Trade debts +€15,464
up €15,464 (+1940.1%), from €797 to €16,261
- Tax, wage and social debts -€3,020
down €3,020 (-11.5%), from €26,339 to €23,320
of which Taxes: -€3,020
- Gross operating margin +€6,695
up €6,695 (+10.8%), from €61,797 to €68,492
- Taxes +€1,177
up €1,177 (+8.6%), from €13,701 to €14,879
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 | €107,594 | €169,861 | +€62,267 | +57.9% |
| Fixed assets | 21/28 | €5,116 | €3,571 | -€1,545 | -30.2% |
| Tangible fixed assets | 22/27 | €5,116 | €3,571 | -€1,545 | -30.2% |
| Furniture and vehicles | 24 | €5,116 | €3,571 | -€1,545 | -30.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €102,478 | €166,290 | +€63,813 | +62.3% |
| Amounts receivable within one year | 40/41 | €52,953 | €77,718 | +€24,765 | +46.8% |
| Trade receivables | 40 | €1,287 | €13,046 | +€11,759 | +913.7% |
| Other amounts receivable | 41 | €51,666 | €64,672 | +€13,006 | +25.2% |
| Current investments | 50/53 | €4,550 | €45,907 | +€41,357 | +908.9% |
| Cash at bank and in hand | 54/58 | €44,276 | €41,238 | -€3,038 | -6.9% |
| Deferred charges and accrued income | 490/1 | €699 | €1,428 | +€729 | +104.4% |
| Total equity and liabilities | 10/49 | €107,594 | €169,861 | +€62,267 | +57.9% |
| Equity | 10/15 | €80,458 | €128,952 | +€48,495 | +60.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,958 | €126,452 | +€48,495 | +62.2% |
| Amounts payable | 17/49 | €27,136 | €40,909 | +€13,773 | +50.8% |
| Amounts payable within one year | 42/48 | €27,136 | €40,509 | +€13,373 | +49.3% |
| Trade debts | 44 | €797 | €16,261 | +€15,464 | +1940.1% |
| Suppliers | 440/4 | €797 | €16,261 | +€15,464 | +1940.1% |
| Taxes, remuneration and social security | 45 | €26,339 | €23,320 | -€3,020 | -11.5% |
| Taxes | 450/3 | €26,339 | €23,320 | -€3,020 | -11.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €929 | +€929 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €1,545 | = | 0.0% |
| Other operating charges | 640/8 | €1,048 | €1,635 | +€587 | +56.0% |
| Gross operating margin | 9900 | €61,797 | €68,492 | +€6,695 | +10.8% |
| Operating profit (loss) | 9901 | €59,203 | €65,311 | +€6,108 | +10.3% |
| Financial income | 75/76B | €555 | €709 | +€154 | +27.6% |
| Recurring financial income | 75 | €555 | €709 | +€154 | +27.6% |
| Financial charges | 65/66B | €3,035 | €2,647 | -€388 | -12.8% |
| Recurring financial charges | 65 | €3,035 | €2,647 | -€388 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €56,724 | €63,373 | +€6,650 | +11.7% |
| Income taxes | 67/77 | €13,701 | €14,879 | +€1,177 | +8.6% |
| Profit (loss) for the period | 9904 | €43,022 | €48,495 | +€5,472 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,022 | €48,495 | +€5,472 | +12.7% |
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.