Sigrid Horions: 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.
Sigrid Horions
Largest movements
- Cash -€2,513
down €2,513 (-93.7%), from €2,681 to €168
mainly Net result for the year (-€8,920) and Other debts (-€1,624)
- Receivables within one year +€1,063
new in 2025: €1,063
- Tangible fixed assets -€988
down €988 (-27.4%), from €3,608 to €2,620
of which Furniture and vehicles: -€988
- Intangible fixed assets -€461
down €461 (-12.2%), from €3,795 to €3,334
- Profit (loss) carried forward -€8,920
down €8,920, from €1,687 to -€7,233
- Debts after one year +€5,000
new in 2025: €5,000
- Trade debts +€4,309
up €4,309 (+1,213%), from €355 to €4,664
- Other debts -€1,624
down €1,624 (-25.9%), from €6,272 to €4,648
- Current portion of long-term debt -€1,224
no longer reported in 2025 (was €1,224)
- Gross operating margin -€11,498
down €11,498, from €5,535 to -€5,964
- Depreciation -€978
down €978 (-40.3%), from €2,427 to €1,449
- Other operating charges -€564
down €564 (-43.7%), from €1,292 to €728
- Taxes +€314
new in 2025: €314
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 | €28,230 | €25,393 | -€2,837 | -10.0% |
| Fixed assets | 21/28 | €7,403 | €5,954 | -€1,449 | -19.6% |
| Intangible fixed assets | 21 | €3,795 | €3,334 | -€461 | -12.2% |
| Tangible fixed assets | 22/27 | €3,608 | €2,620 | -€988 | -27.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,608 | €2,620 | -€988 | -27.4% |
| Current assets | 29/58 | €20,827 | €19,439 | -€1,388 | -6.7% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,063 | +€1,063 | |
| Other amounts receivable | 41 | - | €1,063 | +€1,063 | |
| Cash at bank and in hand | 54/58 | €2,681 | €168 | -€2,513 | -93.7% |
| Deferred charges and accrued income | 490/1 | €146 | €208 | +€62 | +42.5% |
| Total equity and liabilities | 10/49 | €28,230 | €25,393 | -€2,837 | -10.0% |
| Equity | 10/15 | €19,687 | €10,767 | -€8,920 | -45.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,687 | -€7,233 | -€8,920 | |
| Amounts payable | 17/49 | €8,543 | €14,626 | +€6,083 | +71.2% |
| Amounts payable after more than one year | 17 | - | €5,000 | +€5,000 | |
| Financial debts | 170/4 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €8,543 | €9,626 | +€1,083 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €1,224 | - | -€1,224 | |
| Trade debts | 44 | €355 | €4,664 | +€4,309 | +1,213% |
| Suppliers | 440/4 | €355 | €4,664 | +€4,309 | +1,213% |
| Taxes, remuneration and social security | 45 | €691 | €314 | -€378 | -54.6% |
| Taxes | 450/3 | €691 | €314 | -€378 | -54.6% |
| Other amounts payable | 47/48 | €6,272 | €4,648 | -€1,624 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,427 | €1,449 | -€978 | -40.3% |
| Other operating charges | 640/8 | €1,292 | €728 | -€564 | -43.7% |
| Gross operating margin | 9900 | €5,535 | -€5,964 | -€11,498 | |
| Operating profit (loss) | 9901 | €1,816 | -€8,140 | -€9,956 | |
| Financial income | 75/76B | €361 | €360 | -€1 | -0.3% |
| Recurring financial income | 75 | €361 | €360 | -€1 | -0.3% |
| Financial charges | 65/66B | €861 | €826 | -€35 | -4.1% |
| Recurring financial charges | 65 | €861 | €826 | -€35 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €1,315 | -€8,606 | -€9,922 | |
| Income taxes | 67/77 | - | €314 | +€314 | |
| Profit (loss) for the period | 9904 | €1,315 | -€8,920 | -€10,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,315 | -€8,920 | -€10,235 |
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 19 October 2026 via checked.be.