Sigmund: what changed
Two financial 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.
Sigmund
Largest movements
- Receivables within one year -€69,561
down €69,561 (-39.2%), from €177,317 to €107,755
of which Trade receivables: -€41,180
- Tangible fixed assets -€34,773
down €34,773 (-62.0%), from €56,120 to €21,347
of which Other tangible fixed assets: -€18,400
- Intangible fixed assets -€7,799
down €7,799 (-100%), from €7,799 to €0
- Financial fixed assets -€5,400
down €5,400 (-100%), from €5,400 to €0
- Profit (loss) carried forward -€111,021
down €111,021 (-141%), from -€78,996 to -€190,016
- Tax, wage and social debts -€12,303
down €12,303 (-62.6%), from €19,664 to €7,361
of which Taxes: -€7,744
- Short-term financial debts +€9,929
up €9,929 (+19.4%), from €51,278 to €61,207
- Debts after one year -€7,213
down €7,213 (-6.7%), from €107,213 to €100,000
- Other debts +€4,536
up €4,536 (+13.7%), from €33,065 to €37,601
- Gross operating margin -€34,201
down €34,201, from €32,975 to -€1,225
- Depreciation -€8,689
down €8,689 (-23.7%), from €36,659 to €27,970
- Taxes -€2,739
down €2,739 (-83.0%), from €3,300 to €562
- Financial income +€1,263
up €1,263 (+44.9%), from €2,813 to €4,076
- Staff costs +€1,207
up €1,207 (+2.3%), from €52,436 to €53,643
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.
Derived cash bridge
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 | €271,557 | €154,452 | -€117,105 | -43.1% |
| Fixed assets | 21/28 | €69,319 | €21,347 | -€47,972 | -69.2% |
| Intangible fixed assets | 21 | €7,799 | €0 | -€7,799 | -100% |
| Tangible fixed assets | 22/27 | €56,120 | €21,347 | -€34,773 | -62.0% |
| Plant, machinery and equipment | 23 | €3,571 | €1,982 | -€1,589 | -44.5% |
| Furniture and vehicles | 24 | €34,149 | €19,365 | -€14,784 | -43.3% |
| Other tangible fixed assets | 26 | €18,400 | €0 | -€18,400 | -100% |
| Financial fixed assets | 28 | €5,400 | €0 | -€5,400 | -100% |
| Current assets | 29/58 | €202,238 | €133,105 | -€69,133 | -34.2% |
| Amounts receivable within one year | 40/41 | €177,317 | €107,755 | -€69,561 | -39.2% |
| Trade receivables | 40 | €68,618 | €27,439 | -€41,180 | -60.0% |
| Other amounts receivable | 41 | €108,698 | €80,317 | -€28,381 | -26.1% |
| Cash at bank and in hand | 54/58 | €19,781 | €21,626 | +€1,845 | +9.3% |
| Deferred charges and accrued income | 490/1 | €5,141 | €3,724 | -€1,417 | -27.6% |
| Total equity and liabilities | 10/49 | €271,557 | €154,452 | -€117,105 | -43.1% |
| Equity | 10/15 | €31,489 | -€79,532 | -€111,021 | |
| Contributions | 10/11 | €61,506 | €61,506 | = | 0.0% |
| Capital | 10 | €61,506 | €61,506 | = | 0.0% |
| Issued capital | 100 | €61,506 | €61,506 | = | 0.0% |
| Reserves | 13 | €48,979 | €48,979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Legal reserve | 130 | €700 | €700 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,279 | €48,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,996 | -€190,016 | -€111,021 | -141% |
| Amounts payable | 17/49 | €240,068 | €233,984 | -€6,084 | -2.5% |
| Amounts payable after more than one year | 17 | €107,213 | €100,000 | -€7,213 | -6.7% |
| Financial debts | 170/4 | €107,213 | €100,000 | -€7,213 | -6.7% |
| Amounts payable within one year | 42/48 | €129,154 | €130,365 | +€1,211 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €7,726 | €7,213 | -€513 | -6.6% |
| Financial debts | 43 | €51,278 | €61,207 | +€9,929 | +19.4% |
| Credit institutions | 430/8 | €51,278 | €61,207 | +€9,929 | +19.4% |
| Trade debts | 44 | €17,420 | €16,983 | -€438 | -2.5% |
| Suppliers | 440/4 | €17,420 | €16,983 | -€438 | -2.5% |
| Taxes, remuneration and social security | 45 | €19,664 | €7,361 | -€12,303 | -62.6% |
| Taxes | 450/3 | €11,705 | €3,961 | -€7,744 | -66.2% |
| Remuneration and social security | 454/9 | €7,959 | €3,400 | -€4,559 | -57.3% |
| Other amounts payable | 47/48 | €33,065 | €37,601 | +€4,536 | +13.7% |
| Accrued charges and deferred income | 492/3 | €3,701 | €3,619 | -€82 | -2.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €52,436 | €53,643 | +€1,207 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,659 | €27,970 | -€8,689 | -23.7% |
| Other operating charges | 640/8 | €3,840 | €3,730 | -€110 | -2.9% |
| Non-recurring operating charges | 66A | - | €18,589 | +€18,589 | |
| Gross operating margin | 9900 | €32,975 | -€1,225 | -€34,201 | |
| Operating profit (loss) | 9901 | -€59,960 | -€105,158 | -€45,198 | -75.4% |
| Financial income | 75/76B | €2,813 | €4,076 | +€1,263 | +44.9% |
| Recurring financial income | 75 | €2,813 | €4,076 | +€1,263 | +44.9% |
| Financial charges | 65/66B | €8,416 | €9,377 | +€961 | +11.4% |
| Recurring financial charges | 65 | €8,416 | €9,377 | +€961 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€65,563 | -€110,459 | -€44,895 | -68.5% |
| Income taxes | 67/77 | €3,300 | €562 | -€2,739 | -83.0% |
| Profit (loss) for the period | 9904 | -€68,864 | -€111,021 | -€42,157 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,864 | -€111,021 | -€42,157 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.