SIGMADER: 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.
SIGMADER
Largest movements
- Cash +€234,364
up €234,364 (+2048.6%), from €11,440 to €245,804
mainly Net result for the year (+€212,585) and Current investments (+€210,000)
- Current investments -€210,000
no longer reported in 2025 (was €210,000)
- Receivables after one year +€83,836
new in 2025: €83,836
- Profit (loss) carried forward +€212,585
up €212,585 (+39.9%), from €533,175 to €745,760
- Debts after one year -€98,223
down €98,223 (-22.4%), from €438,181 to €339,959
of which Financial debts: -€98,223
- Financial income +€3,080
up €3,080 (+1.4%), from €217,149 to €220,229
- Financial charges -€1,663
down €1,663 (-20.3%), from €8,171 to €6,508
- Other operating charges +€81
up €81 (+8.4%), from €968 to €1,048
- Gross operating margin -€3
down €3 (-3.1%), from -€85 to -€88
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 | €1,122,085 | €1,240,055 | +€117,970 | +10.5% |
| Fixed assets | 21/28 | €900,000 | €900,000 | = | 0.0% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €222,085 | €340,055 | +€117,970 | +53.1% |
| Amounts receivable after more than one year | 29 | - | €83,836 | +€83,836 | |
| Other amounts receivable | 291 | - | €83,836 | +€83,836 | |
| Amounts receivable within one year | 40/41 | €645 | €10,414 | +€9,770 | +1515.5% |
| Other amounts receivable | 41 | €645 | €10,414 | +€9,770 | +1515.5% |
| Current investments | 50/53 | €210,000 | - | -€210,000 | |
| Cash at bank and in hand | 54/58 | €11,440 | €245,804 | +€234,364 | +2048.6% |
| Total equity and liabilities | 10/49 | €1,122,085 | €1,240,055 | +€117,970 | +10.5% |
| Equity | 10/15 | €578,175 | €790,760 | +€212,585 | +36.8% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €533,175 | €745,760 | +€212,585 | +39.9% |
| Amounts payable | 17/49 | €543,910 | €449,295 | -€94,614 | -17.4% |
| Amounts payable after more than one year | 17 | €438,181 | €339,959 | -€98,223 | -22.4% |
| Financial debts | 170/4 | €385,181 | €286,959 | -€98,223 | -25.5% |
| Other amounts payable | 178/9 | €53,000 | €53,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,728 | €109,337 | +€3,608 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €97,052 | €98,223 | +€1,170 | +1.2% |
| Other amounts payable | 47/48 | €8,676 | €11,114 | +€2,438 | +28.1% |
| Other operating charges | 640/8 | €968 | €1,048 | +€81 | +8.4% |
| Gross operating margin | 9900 | -€85 | -€88 | -€3 | -3.1% |
| Operating profit (loss) | 9901 | -€1,053 | -€1,136 | -€84 | -7.9% |
| Financial income | 75/76B | €217,149 | €220,229 | +€3,080 | +1.4% |
| Recurring financial income | 75 | €217,149 | €220,229 | +€3,080 | +1.4% |
| Financial charges | 65/66B | €8,171 | €6,508 | -€1,663 | -20.3% |
| Recurring financial charges | 65 | €8,171 | €6,508 | -€1,663 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €207,925 | €212,585 | +€4,659 | +2.2% |
| Profit (loss) for the period | 9904 | €207,925 | €212,585 | +€4,659 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €207,925 | €212,585 | +€4,659 | +2.2% |
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 6 October 2026 via checked.be.