SigmaExpress: 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.
SigmaExpress
Largest movements
- Receivables within one year +€39,851
up €39,851 (+43.4%), from €91,828 to €131,679
of which Trade receivables: +€41,451
- Cash +€10,635
up €10,635 (+64.3%), from €16,535 to €27,170
mainly Trade debts (+€81,349) and Depreciation (+€1,888)
- Tangible fixed assets -€1,888
down €1,888 (-28.2%), from €6,690 to €4,802
- Trade debts +€81,349
up €81,349 (+145.6%), from €55,865 to €137,214
- Profit (loss) carried forward -€20,502
no longer reported in 2025 (was €20,502)
- Tax, wage and social debts -€13,506
down €13,506 (-36.8%), from €36,725 to €23,219
of which Taxes: -€16,555
- Reserves +€4,097
new in 2025: €4,097
- Other debts -€3,084
down €3,084 (-76.6%), from €4,024 to €940
- Gross operating margin -€23,663
down €23,663 (-11.3%), from €210,017 to €186,354
- Taxes -€4,293
no longer reported in 2025 (was €4,293)
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 | €120,116 | €168,470 | +€48,354 | +40.3% |
| Fixed assets | 21/28 | €6,840 | €4,952 | -€1,888 | -27.6% |
| Tangible fixed assets | 22/27 | €6,690 | €4,802 | -€1,888 | -28.2% |
| Other tangible fixed assets | 26 | €6,690 | €4,802 | -€1,888 | -28.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €113,276 | €163,518 | +€50,242 | +44.4% |
| Amounts receivable within one year | 40/41 | €91,828 | €131,679 | +€39,851 | +43.4% |
| Trade receivables | 40 | €90,228 | €131,679 | +€41,451 | +45.9% |
| Other amounts receivable | 41 | €1,600 | - | -€1,600 | |
| Cash at bank and in hand | 54/58 | €16,535 | €27,170 | +€10,635 | +64.3% |
| Deferred charges and accrued income | 490/1 | €4,913 | €4,669 | -€244 | -5.0% |
| Total equity and liabilities | 10/49 | €120,116 | €168,470 | +€48,354 | +40.3% |
| Equity | 10/15 | €23,502 | €7,097 | -€16,405 | -69.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €4,097 | +€4,097 | |
| Distributable reserves | 133 | - | €4,097 | +€4,097 | |
| Profit (loss) carried forward | 14 | €20,502 | - | -€20,502 | |
| Amounts payable | 17/49 | €96,614 | €161,373 | +€64,759 | +67.0% |
| Amounts payable within one year | 42/48 | €96,614 | €161,373 | +€64,759 | +67.0% |
| Trade debts | 44 | €55,865 | €137,214 | +€81,349 | +145.6% |
| Suppliers | 440/4 | €55,865 | €137,214 | +€81,349 | +145.6% |
| Taxes, remuneration and social security | 45 | €36,725 | €23,219 | -€13,506 | -36.8% |
| Taxes | 450/3 | €21,160 | €4,605 | -€16,555 | -78.2% |
| Remuneration and social security | 454/9 | €15,565 | €18,614 | +€3,049 | +19.6% |
| Other amounts payable | 47/48 | €4,024 | €940 | -€3,084 | -76.6% |
| Remuneration, social security and pensions | 62 | €196,477 | €197,509 | +€1,032 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,888 | +€216 | +12.9% |
| Other operating charges | 640/8 | €1,904 | €1,789 | -€115 | -6.0% |
| Gross operating margin | 9900 | €210,017 | €186,354 | -€23,663 | -11.3% |
| Operating profit (loss) | 9901 | €9,964 | -€14,832 | -€24,796 | |
| Financial charges | 65/66B | €1,480 | €1,573 | +€93 | +6.3% |
| Recurring financial charges | 65 | €1,480 | €1,573 | +€93 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €8,484 | -€16,405 | -€24,889 | |
| Income taxes | 67/77 | €4,293 | - | -€4,293 | |
| Profit (loss) for the period | 9904 | €4,191 | -€16,405 | -€20,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,191 | -€16,405 | -€20,596 |
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.