SigmaLab: 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.
SigmaLab
Largest movements
- Receivables within one year -€69,022
down €69,022 (-47.4%), from €145,549 to €76,527
of which Trade receivables: -€117,912
- Tangible fixed assets -€40,134
down €40,134 (-7.1%), from €564,669 to €524,535
of which Land and buildings: -€39,847
- Deferred charges and accrued income +€33,448
new in 2025: €33,448
- Cash -€21,947
down €21,947 (-5.7%), from €388,231 to €366,285
mainly Contributions, distributions and other (-€51,942) and Trade debts (-€48,225)
- Profit (loss) carried forward -€51,942
down €51,942 (-15.8%), from €328,090 to €276,148
- Trade debts -€48,225
down €48,225 (-62.5%), from €77,114 to €28,889
- Debts after one year -€17,556
down €17,556 (-4.2%), from €422,586 to €405,031
- Reserves +€16,079
new in 2025: €16,079
- Tax, wage and social debts -€15,068
down €15,068 (-23.8%), from €63,393 to €48,325
- Gross operating margin -€255,242
down €255,242 (-75.7%), from €337,382 to €82,140
- Taxes -€49,814
down €49,814 (-85.7%), from €58,145 to €8,330
- Depreciation -€14,332
down €14,332 (-43.5%), from €32,966 to €18,634
- Other operating charges +€12,190
up €12,190 (+3147.2%), from €387 to €12,578
- Financial charges +€10,343
up €10,343 (+59.0%), from €17,516 to €27,859
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 | €1,098,593 | €1,000,939 | -€97,654 | -8.9% |
| Fixed assets | 21/28 | €564,813 | €524,679 | -€40,134 | -7.1% |
| Tangible fixed assets | 22/27 | €564,669 | €524,535 | -€40,134 | -7.1% |
| Land and buildings | 22 | €563,208 | €523,361 | -€39,847 | -7.1% |
| Furniture and vehicles | 24 | €1,248 | €986 | -€261 | -21.0% |
| Leasing and similar rights | 25 | €214 | €188 | -€26 | -11.9% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €533,780 | €476,260 | -€57,520 | -10.8% |
| Amounts receivable within one year | 40/41 | €145,549 | €76,527 | -€69,022 | -47.4% |
| Trade receivables | 40 | €145,549 | €27,637 | -€117,912 | -81.0% |
| Other amounts receivable | 41 | - | €48,890 | +€48,890 | |
| Cash at bank and in hand | 54/58 | €388,231 | €366,285 | -€21,947 | -5.7% |
| Deferred charges and accrued income | 490/1 | - | €33,448 | +€33,448 | |
| Total equity and liabilities | 10/49 | €1,098,593 | €1,000,939 | -€97,654 | -8.9% |
| Equity | 10/15 | €328,590 | €292,727 | -€35,863 | -10.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €16,079 | +€16,079 | |
| Distributable reserves | 133 | - | €16,079 | +€16,079 | |
| Profit (loss) carried forward | 14 | €328,090 | €276,148 | -€51,942 | -15.8% |
| Amounts payable | 17/49 | €770,003 | €708,212 | -€61,791 | -8.0% |
| Amounts payable after more than one year | 17 | €422,586 | €405,031 | -€17,556 | -4.2% |
| Financial debts | 170/4 | €422,586 | €405,031 | -€17,556 | -4.2% |
| Amounts payable within one year | 42/48 | €347,417 | €298,733 | -€48,684 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €16,888 | €17,556 | +€667 | +3.9% |
| Trade debts | 44 | €77,114 | €28,889 | -€48,225 | -62.5% |
| Suppliers | 440/4 | €77,114 | €28,889 | -€48,225 | -62.5% |
| Taxes, remuneration and social security | 45 | €63,393 | €48,325 | -€15,068 | -23.8% |
| Taxes | 450/3 | €63,393 | €48,325 | -€15,068 | -23.8% |
| Other amounts payable | 47/48 | €190,021 | €203,963 | +€13,942 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €4,449 | +€4,449 | |
| Non-recurring operating income | 76A | - | €80,562 | +€80,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,966 | €18,634 | -€14,332 | -43.5% |
| Other operating charges | 640/8 | €387 | €12,578 | +€12,190 | +3147.2% |
| Non-recurring operating charges | 66A | €37,382 | - | -€37,382 | |
| Gross operating margin | 9900 | €337,382 | €82,140 | -€255,242 | -75.7% |
| Operating profit (loss) | 9901 | €266,647 | €50,928 | -€215,718 | -80.9% |
| Financial income | 75/76B | - | €1,339 | +€1,339 | |
| Recurring financial income | 75 | - | €1,339 | +€1,339 | |
| Financial charges | 65/66B | €17,516 | €27,859 | +€10,343 | +59.0% |
| Recurring financial charges | 65 | €17,516 | €27,859 | +€10,343 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €249,131 | €24,409 | -€224,722 | -90.2% |
| Income taxes | 67/77 | €58,145 | €8,330 | -€49,814 | -85.7% |
| Profit (loss) for the period | 9904 | €190,986 | €16,079 | -€174,907 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €190,986 | €16,079 | -€174,907 | -91.6% |
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 7 October 2026 via checked.be.