SIGOS: 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.
SIGOS
Largest movements
- Receivables within one year +€836,826
up €836,826 (+275%), from €303,837 to €1.1m
of which Other amounts receivable: +€716,101
- Cash -€352,213
down €352,213 (-64.4%), from €547,218 to €195,005
mainly Receivables within one year (-€836,826) and Tax, wage and social debts (-€56,678)
- Deferred charges and accrued income -€29,899
down €29,899 (-68.6%), from €43,594 to €13,695
- Other debts +€365,585
up €365,585 (+28.9%), from €1.3m to €1.6m
- Accrued charges and deferred income +€113,660
up €113,660 (+145%), from €78,453 to €192,112
- Profit (loss) carried forward +€59,795
up €59,795 (+1.0%), from -€5.8m to -€5.7m
- Tax, wage and social debts -€56,678
down €56,678 (-26.1%), from €216,943 to €160,264
of which Remuneration and social security: -€33,916
- Trade debts -€39,094
down €39,094 (-39.5%), from €99,081 to €59,987
- Gross operating margin +€938,639
up €938,639, from -€46,743 to €891,896
- Staff costs +€165,933
up €165,933 (+22.9%), from €725,202 to €891,135
- Financial income +€138,409
up €138,409 (+2,873%), from €4,817 to €143,226
- Other operating charges -€129,216
down €129,216 (-98.7%), from €130,937 to €1,721
- Financial charges -€79,410
down €79,410 (-83.3%), from €95,294 to €15,885
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 | €914,353 | €1,357,621 | +€443,268 | +48.5% |
| Fixed assets | 21/28 | €19,705 | €8,259 | -€11,446 | -58.1% |
| Tangible fixed assets | 22/27 | €14,605 | €3,159 | -€11,446 | -78.4% |
| Plant, machinery and equipment | 23 | €14,605 | €3,159 | -€11,446 | -78.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €894,648 | €1,349,362 | +€454,714 | +50.8% |
| Amounts receivable within one year | 40/41 | €303,837 | €1,140,662 | +€836,826 | +275% |
| Trade receivables | 40 | €191,439 | €312,164 | +€120,724 | +63.1% |
| Other amounts receivable | 41 | €112,397 | €828,499 | +€716,101 | +637% |
| Cash at bank and in hand | 54/58 | €547,218 | €195,005 | -€352,213 | -64.4% |
| Deferred charges and accrued income | 490/1 | €43,594 | €13,695 | -€29,899 | -68.6% |
| Total equity and liabilities | 10/49 | €914,353 | €1,357,621 | +€443,268 | +48.5% |
| Equity | 10/15 | -€743,975 | -€684,180 | +€59,795 | +8.0% |
| Contributions | 10/11 | €5,014,038 | €5,014,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,758,013 | -€5,698,218 | +€59,795 | +1.0% |
| Amounts payable | 17/49 | €1,658,328 | €2,041,800 | +€383,473 | +23.1% |
| Amounts payable within one year | 42/48 | €1,579,875 | €1,849,688 | +€269,813 | +17.1% |
| Trade debts | 44 | €99,081 | €59,987 | -€39,094 | -39.5% |
| Suppliers | 440/4 | €99,081 | €59,987 | -€39,094 | -39.5% |
| Taxes, remuneration and social security | 45 | €216,943 | €160,264 | -€56,678 | -26.1% |
| Taxes | 450/3 | €23,921 | €1,159 | -€22,763 | -95.2% |
| Remuneration and social security | 454/9 | €193,021 | €159,106 | -€33,916 | -17.6% |
| Other amounts payable | 47/48 | €1,263,852 | €1,629,437 | +€365,585 | +28.9% |
| Accrued charges and deferred income | 492/3 | €78,453 | €192,112 | +€113,660 | +145% |
| Non-recurring operating income | 76A | €785 | €0 | -€785 | -100% |
| Remuneration, social security and pensions | 62 | €725,202 | €891,135 | +€165,933 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,882 | €11,444 | -€12,438 | -52.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,200 | €0 | +€23,200 | |
| Other operating charges | 640/8 | €130,937 | €1,721 | -€129,216 | -98.7% |
| Gross operating margin | 9900 | -€46,743 | €891,896 | +€938,639 | |
| Operating profit (loss) | 9901 | -€903,564 | -€12,404 | +€891,159 | +98.6% |
| Financial income | 75/76B | €4,817 | €143,226 | +€138,409 | +2,873% |
| Recurring financial income | 75 | €4,817 | €143,226 | +€138,409 | +2,873% |
| Financial charges | 65/66B | €95,294 | €15,885 | -€79,410 | -83.3% |
| Recurring financial charges | 65 | €95,294 | €15,885 | -€79,410 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€994,040 | €114,937 | +€1.1m | |
| Income taxes | 67/77 | €12,490 | €55,142 | +€42,652 | +341% |
| Profit (loss) for the period | 9904 | -€1,006,531 | €59,795 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,006,531 | €59,795 | +€1.1m |
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 16 October 2026 via checked.be.