SIGMATAU: 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.
SIGMATAU
Largest movements
- Receivables within one year +€75,453
up €75,453 (+22397.0%), from €337 to €75,790
of which Other amounts receivable: +€75,790
- Tangible fixed assets -€69,241
down €69,241 (-3.5%), from €2.0m to €1.9m
- Other debts +€95,214
up €95,214 (+4.3%), from €2.2m to €2.3m
- Profit (loss) carried forward -€59,566
down €59,566 (-3.8%), from -€1.6m to -€1.6m
- Other operating charges -€39,911
down €39,911 (-73.6%), from €54,262 to €14,351
- Gross operating margin -€8,696
down €8,696, from €5,974 to -€2,722
- Financial income +€1,423
new in 2025: €1,423
- Financial charges +€133
up €133 (+329.5%), from €41 to €174
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 | €2,012,418 | €2,020,021 | +€7,603 | +0.4% |
| Fixed assets | 21/28 | €1,997,048 | €1,927,807 | -€69,241 | -3.5% |
| Tangible fixed assets | 22/27 | €1,993,845 | €1,924,605 | -€69,241 | -3.5% |
| Land and buildings | 22 | €1,993,845 | €1,924,605 | -€69,241 | -3.5% |
| Financial fixed assets | 28 | €3,203 | €3,203 | = | 0.0% |
| Current assets | 29/58 | €15,370 | €92,214 | +€76,844 | +500.0% |
| Amounts receivable within one year | 40/41 | €337 | €75,790 | +€75,453 | +22397.0% |
| Trade receivables | 40 | €337 | - | -€337 | |
| Other amounts receivable | 41 | - | €75,790 | +€75,790 | |
| Cash at bank and in hand | 54/58 | €15,033 | €16,424 | +€1,391 | +9.3% |
| Total equity and liabilities | 10/49 | €2,012,418 | €2,020,021 | +€7,603 | +0.4% |
| Equity | 10/15 | -€403,218 | -€481,941 | -€78,723 | -19.5% |
| Contributions | 10/11 | €567,400 | €567,400 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Outside capital | 11 | €17,400 | €17,400 | = | 0.0% |
| Share premium | 1100/10 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €588,073 | €568,916 | -€19,157 | -3.3% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €257,176 | €238,018 | -€19,157 | -7.4% |
| Distributable reserves | 133 | €275,897 | €275,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,558,691 | -€1,618,257 | -€59,566 | -3.8% |
| Provisions and deferred taxes | 16 | €149,819 | €143,477 | -€6,341 | -4.2% |
| Deferred taxes | 168 | €149,819 | €143,477 | -€6,341 | -4.2% |
| Amounts payable | 17/49 | €2,265,816 | €2,358,485 | +€92,668 | +4.1% |
| Amounts payable within one year | 42/48 | €2,265,816 | €2,358,485 | +€92,668 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €5,189 | €2,643 | -€2,546 | -49.1% |
| Suppliers | 440/4 | €5,189 | €2,643 | -€2,546 | -49.1% |
| Other amounts payable | 47/48 | €2,236,628 | €2,331,842 | +€95,214 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,241 | €69,241 | = | 0.0% |
| Other operating charges | 640/8 | €54,262 | €14,351 | -€39,911 | -73.6% |
| Gross operating margin | 9900 | €5,974 | -€2,722 | -€8,696 | |
| Operating profit (loss) | 9901 | -€117,529 | -€86,314 | +€31,215 | +26.6% |
| Financial income | 75/76B | - | €1,423 | +€1,423 | |
| Recurring financial income | 75 | - | €1,423 | +€1,423 | |
| Financial charges | 65/66B | €41 | €174 | +€133 | +329.5% |
| Recurring financial charges | 65 | €41 | €174 | +€133 | +329.5% |
| Profit (loss) for the period before taxes | 9903 | -€117,569 | -€85,065 | +€32,504 | +27.6% |
| Transfer from deferred taxes | 780 | €6,341 | €6,341 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€111,228 | -€78,723 | +€32,504 | +29.2% |
| Transfer from tax-exempt reserves | 789 | €19,157 | €19,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,070 | -€59,566 | +€32,504 | +35.3% |
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 3 October 2026 via checked.be.