SIGOLD: 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.
SIGOLD
Largest movements
- Receivables within one year +€76,565
up €76,565 (+134%), from €56,962 to €133,527
of which Other amounts receivable: +€63,073
- Tangible fixed assets -€30,307
down €30,307 (-10.6%), from €287,124 to €256,817
of which Other tangible fixed assets: -€28,192
- Deferred charges and accrued income +€27,503
up €27,503 (+239%), from €11,522 to €39,025
- Other debts +€76,252
up €76,252, from €0 to €76,252
- Reserves -€26,352
down €26,352 (-12.7%), from €207,326 to €180,974
of which Distributable reserves: -€26,352
- Debts after one year -€24,422
down €24,422 (-15.4%), from €159,061 to €134,639
- Trade debts +€24,036
up €24,036 (+9.2%), from €260,471 to €284,507
- Short-term financial debts +€9,471
up €9,471 (+24.3%), from €39,042 to €48,513
- Staff costs -€36,336
down €36,336 (-14.2%), from €256,711 to €220,375
- Financial income -€25,731
down €25,731 (-91.1%), from €28,249 to €2,518
- Gross operating margin +€12,426
up €12,426 (+3.4%), from €367,385 to €379,811
- Write-downs +€8,220
up €8,220 (+188%), from €4,375 to €12,595
- Taxes +€7,523
up €7,523 (+39.6%), from €18,983 to €26,505
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 | €883,530 | €942,903 | +€59,373 | +6.7% |
| Fixed assets | 21/28 | €290,161 | €259,855 | -€30,307 | -10.4% |
| Tangible fixed assets | 22/27 | €287,124 | €256,817 | -€30,307 | -10.6% |
| Land and buildings | 22 | €102,865 | €102,865 | = | 0.0% |
| Furniture and vehicles | 24 | €5,728 | €3,613 | -€2,115 | -36.9% |
| Other tangible fixed assets | 26 | €178,531 | €150,340 | -€28,192 | -15.8% |
| Financial fixed assets | 28 | €3,037 | €3,037 | = | 0.0% |
| Current assets | 29/58 | €593,369 | €683,049 | +€89,680 | +15.1% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €347,600 | €340,135 | -€7,465 | -2.1% |
| Stocks | 30/36 | €347,600 | €340,135 | -€7,465 | -2.1% |
| Amounts receivable within one year | 40/41 | €56,962 | €133,527 | +€76,565 | +134% |
| Trade receivables | 40 | €25,713 | €39,205 | +€13,493 | +52.5% |
| Other amounts receivable | 41 | €31,249 | €94,322 | +€63,073 | +202% |
| Cash at bank and in hand | 54/58 | €37,285 | €30,362 | -€6,923 | -18.6% |
| Deferred charges and accrued income | 490/1 | €11,522 | €39,025 | +€27,503 | +239% |
| Total equity and liabilities | 10/49 | €883,530 | €942,903 | +€59,373 | +6.7% |
| Equity | 10/15 | €304,332 | €278,018 | -€26,314 | -8.6% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €207,326 | €180,974 | -€26,352 | -12.7% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €199,270 | €172,917 | -€26,352 | -13.2% |
| Profit (loss) carried forward | 14 | €16,441 | €16,479 | +€38 | +0.2% |
| Amounts payable | 17/49 | €579,198 | €664,885 | +€85,687 | +14.8% |
| Amounts payable after more than one year | 17 | €159,061 | €134,639 | -€24,422 | -15.4% |
| Financial debts | 170/4 | €159,061 | €134,639 | -€24,422 | -15.4% |
| Amounts payable within one year | 42/48 | €420,127 | €530,246 | +€110,120 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €23,051 | €24,422 | +€1,372 | +5.9% |
| Financial debts | 43 | €39,042 | €48,513 | +€9,471 | +24.3% |
| Credit institutions | 430/8 | €39,042 | €48,513 | +€9,471 | +24.3% |
| Trade debts | 44 | €260,471 | €284,507 | +€24,036 | +9.2% |
| Suppliers | 440/4 | €260,471 | €284,507 | +€24,036 | +9.2% |
| Taxes, remuneration and social security | 45 | €97,563 | €96,552 | -€1,011 | -1.0% |
| Taxes | 450/3 | €70,562 | €71,490 | +€929 | +1.3% |
| Remuneration and social security | 454/9 | €27,001 | €25,061 | -€1,939 | -7.2% |
| Other amounts payable | 47/48 | €0 | €76,252 | +€76,252 | |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Remuneration, social security and pensions | 62 | €256,711 | €220,375 | -€36,336 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,889 | €32,184 | +€2,295 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,375 | €12,595 | +€8,220 | +188% |
| Other operating charges | 640/8 | €13,394 | €13,590 | +€196 | +1.5% |
| Gross operating margin | 9900 | €367,385 | €379,811 | +€12,426 | +3.4% |
| Operating profit (loss) | 9901 | €63,017 | €101,067 | +€38,051 | +60.4% |
| Financial income | 75/76B | €28,249 | €2,518 | -€25,731 | -91.1% |
| Recurring financial income | 75 | €28,249 | €2,518 | -€25,731 | -91.1% |
| Financial charges | 65/66B | €25,215 | €27,142 | +€1,927 | +7.6% |
| Recurring financial charges | 65 | €25,215 | €27,142 | +€1,927 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €66,050 | €76,444 | +€10,393 | +15.7% |
| Income taxes | 67/77 | €18,983 | €26,505 | +€7,523 | +39.6% |
| Profit (loss) for the period | 9904 | €47,068 | €49,938 | +€2,870 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,068 | €49,938 | +€2,870 | +6.1% |
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 14 October 2026 via checked.be.