Sigroup: 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.
Sigroup
Largest movements
- Receivables within one year +€42,766
up €42,766 (+15.3%), from €279,319 to €322,085
of which Other amounts receivable: +€41,199
- Tangible fixed assets -€7,708
down €7,708 (-5.7%), from €134,412 to €126,703
- Cash +€5,666
up €5,666 (+43.6%), from €12,985 to €18,651
mainly Net result for the year (+€24,048) and Advances received (+€15,150)
- Profit (loss) carried forward +€24,048
up €24,048 (+6.7%), from €356,470 to €380,518
- Advances received +€15,150
up €15,150 (+261.4%), from €5,795 to €20,945
- Gross operating margin +€2,368
up €2,368 (+8.6%), from €27,650 to €30,018
- Depreciation -€1,106
down €1,106 (-12.5%), from €8,814 to €7,708
- Staff costs +€1,102
no longer reported in 2025 (was -€1,102)
- Financial charges +€899
up €899 (+81.8%), from €1,098 to €1,997
- Financial income +€702
up €702 (+5.8%), from €12,155 to €12,857
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 | €502,690 | €543,974 | +€41,284 | +8.2% |
| Fixed assets | 21/28 | €209,523 | €201,815 | -€7,708 | -3.7% |
| Tangible fixed assets | 22/27 | €134,412 | €126,703 | -€7,708 | -5.7% |
| Land and buildings | 22 | €134,412 | €126,703 | -€7,708 | -5.7% |
| Financial fixed assets | 28 | €75,112 | €75,112 | = | 0.0% |
| Current assets | 29/58 | €293,167 | €342,159 | +€48,992 | +16.7% |
| Amounts receivable within one year | 40/41 | €279,319 | €322,085 | +€42,766 | +15.3% |
| Trade receivables | 40 | €4,537 | €6,105 | +€1,568 | +34.6% |
| Other amounts receivable | 41 | €274,782 | €315,980 | +€41,199 | +15.0% |
| Cash at bank and in hand | 54/58 | €12,985 | €18,651 | +€5,666 | +43.6% |
| Deferred charges and accrued income | 490/1 | €863 | €1,423 | +€560 | +64.9% |
| Total equity and liabilities | 10/49 | €502,690 | €543,974 | +€41,284 | +8.2% |
| Equity | 10/15 | €487,470 | €511,517 | +€24,048 | +4.9% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €31,842 | €31,842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,842 | €31,842 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,926 | €21,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,470 | €380,518 | +€24,048 | +6.7% |
| Amounts payable | 17/49 | €15,221 | €32,457 | +€17,236 | +113.2% |
| Amounts payable within one year | 42/48 | €15,040 | €32,191 | +€17,152 | +114.0% |
| Trade debts | 44 | €4,612 | €6,127 | +€1,516 | +32.9% |
| Suppliers | 440/4 | €4,612 | €6,127 | +€1,516 | +32.9% |
| Advances received on contracts in progress | 46 | €5,795 | €20,945 | +€15,150 | +261.4% |
| Taxes, remuneration and social security | 45 | €4,633 | €3,519 | -€1,114 | -24.0% |
| Taxes | 450/3 | €2,540 | €1,412 | -€1,128 | -44.4% |
| Remuneration and social security | 454/9 | €2,093 | €2,107 | +€14 | +0.7% |
| Other amounts payable | 47/48 | - | €1,600 | +€1,600 | |
| Accrued charges and deferred income | 492/3 | €181 | €265 | +€84 | +46.6% |
| Remuneration, social security and pensions | 62 | -€1,102 | - | +€1,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,814 | €7,708 | -€1,106 | -12.5% |
| Other operating charges | 640/8 | €8,318 | €8,691 | +€374 | +4.5% |
| Non-recurring operating charges | 66A | €116 | €116 | = | 0.0% |
| Gross operating margin | 9900 | €27,650 | €30,018 | +€2,368 | +8.6% |
| Operating profit (loss) | 9901 | €11,505 | €13,503 | +€1,998 | +17.4% |
| Financial income | 75/76B | €12,155 | €12,857 | +€702 | +5.8% |
| Recurring financial income | 75 | €12,155 | €12,857 | +€702 | +5.8% |
| Financial charges | 65/66B | €1,098 | €1,997 | +€899 | +81.8% |
| Recurring financial charges | 65 | €1,098 | €1,997 | +€899 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €22,561 | €24,363 | +€1,802 | +8.0% |
| Income taxes | 67/77 | €310 | €316 | +€5 | +1.7% |
| Profit (loss) for the period | 9904 | €22,251 | €24,048 | +€1,797 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,251 | €24,048 | +€1,797 | +8.1% |
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 4 October 2026 via checked.be.