SIGOJI: 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.
SIGOJI
Largest movements
- Stocks and contracts +€147,898
up €147,898 (+138%), from €106,937 to €254,836
- Cash -€62,163
down €62,163 (-18.7%), from €332,335 to €270,172
mainly Investment in fixed assets (net) (-€205,644) and Stocks and contracts (-€147,898)
- Receivables within one year +€57,392
up €57,392 (+66.7%), from €86,007 to €143,399
of which Other amounts receivable: +€32,482
- Tangible fixed assets +€32,205
up €32,205 (+2.8%), from €1.2m to €1.2m
of which Land and buildings: +€44,703
- Current portion of long-term debt +€75,603
up €75,603 (+51.9%), from €145,628 to €221,230
- Reserves +€64,609
up €64,609 (+3,474%), from €1,860 to €66,469
of which Distributable reserves: +€64,609
- Tax, wage and social debts +€35,079
up €35,079 (+116%), from €30,264 to €65,343
of which Taxes: +€20,745
- Gross operating margin +€251,642
up €251,642 (+69.6%), from €361,585 to €613,227
- Staff costs +€102,887
up €102,887 (+47.7%), from €215,677 to €318,564
- Depreciation +€24,850
up €24,850 (+15.8%), from €157,403 to €182,253
- Taxes +€14,462
up €14,462 (+2,012%), from €719 to €15,180
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,717,121 | €1,882,398 | +€165,277 | +9.6% |
| Fixed assets | 21/28 | €1,189,943 | €1,213,333 | +€23,390 | +2.0% |
| Intangible fixed assets | 21 | €19,037 | €10,222 | -€8,815 | -46.3% |
| Tangible fixed assets | 22/27 | €1,169,306 | €1,201,512 | +€32,205 | +2.8% |
| Land and buildings | 22 | €915,917 | €960,620 | +€44,703 | +4.9% |
| Plant, machinery and equipment | 23 | €178,547 | €186,121 | +€7,574 | +4.2% |
| Furniture and vehicles | 24 | €22,343 | €19,771 | -€2,572 | -11.5% |
| Leasing and similar rights | 25 | €52,500 | €35,000 | -€17,500 | -33.3% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €527,178 | €669,065 | +€141,886 | +26.9% |
| Stocks and contracts in progress | 3 | €106,937 | €254,836 | +€147,898 | +138% |
| Stocks | 30/36 | €106,937 | €254,836 | +€147,898 | +138% |
| Amounts receivable within one year | 40/41 | €86,007 | €143,399 | +€57,392 | +66.7% |
| Trade receivables | 40 | €61,926 | €86,836 | +€24,910 | +40.2% |
| Other amounts receivable | 41 | €24,081 | €56,563 | +€32,482 | +135% |
| Cash at bank and in hand | 54/58 | €332,335 | €270,172 | -€62,163 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,899 | €659 | -€1,241 | -65.3% |
| Total equity and liabilities | 10/49 | €1,717,121 | €1,882,398 | +€165,277 | +9.6% |
| Equity | 10/15 | €301,827 | €358,376 | +€56,549 | +18.7% |
| Contributions | 10/11 | €18,673 | €18,673 | = | 0.0% |
| Capital | 10 | €18,673 | - | -€18,673 | |
| Issued capital | 100 | €18,673 | - | -€18,673 | |
| Contributions outside capital | 11 | - | €18,673 | +€18,673 | |
| Other | 1109/19 | - | €18,673 | +€18,673 | |
| Reserves | 13 | €1,860 | €66,469 | +€64,609 | +3,474% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €64,609 | +€64,609 | |
| Profit (loss) carried forward | 14 | €204,894 | €204,894 | = | 0.0% |
| Investment grants | 15 | €76,399 | €68,339 | -€8,060 | -10.5% |
| Amounts payable | 17/49 | €1,415,294 | €1,524,022 | +€108,728 | +7.7% |
| Amounts payable after more than one year | 17 | €1,068,845 | €1,054,141 | -€14,704 | -1.4% |
| Financial debts | 170/4 | €1,068,845 | €1,054,141 | -€14,704 | -1.4% |
| Amounts payable within one year | 42/48 | €346,450 | €469,881 | +€123,432 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €145,628 | €221,230 | +€75,603 | +51.9% |
| Trade debts | 44 | €170,558 | €183,308 | +€12,750 | +7.5% |
| Suppliers | 440/4 | €170,558 | €183,308 | +€12,750 | +7.5% |
| Taxes, remuneration and social security | 45 | €30,264 | €65,343 | +€35,079 | +116% |
| Taxes | 450/3 | €10,217 | €30,962 | +€20,745 | +203% |
| Remuneration and social security | 454/9 | €20,047 | €34,381 | +€14,334 | +71.5% |
| Remuneration, social security and pensions | 62 | €215,677 | €318,564 | +€102,887 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,403 | €182,253 | +€24,850 | +15.8% |
| Other operating charges | 640/8 | €10,543 | €6,541 | -€4,002 | -38.0% |
| Non-recurring operating charges | 66A | - | €1,307 | +€1,307 | |
| Gross operating margin | 9900 | €361,585 | €613,227 | +€251,642 | +69.6% |
| Operating profit (loss) | 9901 | -€22,037 | €104,562 | +€126,600 | |
| Financial income | 75/76B | €10,578 | €11,714 | +€1,136 | +10.7% |
| Recurring financial income | 75 | €8,778 | €10,947 | +€2,169 | +24.7% |
| Non-recurring financial income | 76B | €1,800 | €767 | -€1,033 | -57.4% |
| Financial charges | 65/66B | €42,010 | €36,487 | -€5,523 | -13.1% |
| Recurring financial charges | 65 | €23,681 | €36,756 | +€13,076 | +55.2% |
| Non-recurring financial charges | 66B | €18,330 | -€269 | -€18,599 | |
| Profit (loss) for the period before taxes | 9903 | -€53,470 | €79,789 | +€133,259 | |
| Income taxes | 67/77 | €719 | €15,180 | +€14,462 | +2,012% |
| Profit (loss) for the period | 9904 | -€54,188 | €64,609 | +€118,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,188 | €64,609 | +€118,797 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.