SIGO: 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.
SIGO
Largest movements
- Cash -€169,866
down €169,866 (-84.9%), from €200,056 to €30,189
mainly Current investments (-€150,000) and Contributions, distributions and other (-€91,283)
- Current investments +€150,000
new in 2025: €150,000
- Other debts +€91,283
new in 2025: €91,283
- Reserves -€91,199
down €91,199 (-61.0%), from €149,625 to €58,426
- Debts after one year -€10,819
down €10,819 (-25.9%), from €41,847 to €31,028
- Tax, wage and social debts -€6,432
down €6,432 (-70.4%), from €9,141 to €2,710
- Gross operating margin -€25,661
down €25,661 (-78.9%), from €32,529 to €6,868
- Taxes -€6,773
down €6,773 (-86.7%), from €7,811 to €1,037
- Financial income +€1,260
new in 2025: €1,260
- Financial charges -€867
down €867 (-25.6%), from €3,384 to €2,517
- Depreciation +€507
up €507 (+175.5%), from €289 to €797
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 | €232,140 | €216,089 | -€16,051 | -6.9% |
| Fixed assets | 21/28 | €22,404 | €24,685 | +€2,282 | +10.2% |
| Tangible fixed assets | 22/27 | €22,404 | €24,685 | +€2,282 | +10.2% |
| Land and buildings | 22 | €21,029 | €21,029 | = | 0.0% |
| Furniture and vehicles | 24 | €1,375 | €3,657 | +€2,282 | +165.9% |
| Current assets | 29/58 | €209,736 | €191,403 | -€18,333 | -8.7% |
| Amounts receivable within one year | 40/41 | €9,680 | €11,214 | +€1,534 | +15.8% |
| Trade receivables | 40 | - | €1,930 | +€1,930 | |
| Other amounts receivable | 41 | €9,680 | €9,284 | -€396 | -4.1% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €200,056 | €30,189 | -€169,866 | -84.9% |
| Total equity and liabilities | 10/49 | €232,140 | €216,089 | -€16,051 | -6.9% |
| Equity | 10/15 | €178,390 | €87,191 | -€91,199 | -51.1% |
| Contributions | 10/11 | €26,011 | €26,011 | = | 0.0% |
| Reserves | 13 | €149,625 | €58,426 | -€91,199 | -61.0% |
| Distributable reserves | 133 | €149,625 | €58,426 | -€91,199 | -61.0% |
| Profit (loss) carried forward | 14 | €2,754 | €2,754 | = | 0.0% |
| Amounts payable | 17/49 | €53,750 | €128,898 | +€75,148 | +139.8% |
| Amounts payable after more than one year | 17 | €41,847 | €31,028 | -€10,819 | -25.9% |
| Financial debts | 170/4 | €41,847 | €31,028 | -€10,819 | -25.9% |
| Amounts payable within one year | 42/48 | €9,690 | €95,587 | +€85,897 | +886.4% |
| Trade debts | 44 | €549 | €1,595 | +€1,046 | +190.6% |
| Suppliers | 440/4 | €549 | €1,595 | +€1,046 | +190.6% |
| Taxes, remuneration and social security | 45 | €9,141 | €2,710 | -€6,432 | -70.4% |
| Taxes | 450/3 | €9,141 | €2,710 | -€6,432 | -70.4% |
| Other amounts payable | 47/48 | - | €91,283 | +€91,283 | |
| Accrued charges and deferred income | 492/3 | €2,213 | €2,282 | +€70 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €797 | +€507 | +175.5% |
| Other operating charges | 640/8 | €3,581 | €3,693 | +€113 | +3.1% |
| Gross operating margin | 9900 | €32,529 | €6,868 | -€25,661 | -78.9% |
| Operating profit (loss) | 9901 | €28,659 | €2,378 | -€26,281 | -91.7% |
| Financial income | 75/76B | - | €1,260 | +€1,260 | |
| Recurring financial income | 75 | - | €1,260 | +€1,260 | |
| Financial charges | 65/66B | €3,384 | €2,517 | -€867 | -25.6% |
| Recurring financial charges | 65 | €3,384 | €2,517 | -€867 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €25,275 | €1,121 | -€24,154 | -95.6% |
| Income taxes | 67/77 | €7,811 | €1,037 | -€6,773 | -86.7% |
| Profit (loss) for the period | 9904 | €17,464 | €83 | -€17,380 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,464 | €83 | -€17,380 | -99.5% |
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.