SIGU: 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.
SIGU
Largest movements
- Receivables within one year -€14,581
down €14,581 (-39.0%), from €37,383 to €22,802
of which Trade receivables: -€14,531
- Cash +€10,650
up €10,650 (+409.2%), from €2,602 to €13,253
mainly Net result for the year (+€105,610) and Receivables within one year (+€14,581)
- Tangible fixed assets +€4,003
up €4,003 (+36.2%), from €11,052 to €15,055
of which Plant, machinery and equipment: +€7,687
- Financial fixed assets -€1,540
no longer reported in 2025 (was €1,540)
- Profit (loss) carried forward +€105,610
up €105,610 (+40.3%), from -€261,993 to -€156,383
- Accrued charges and deferred income -€97,642
down €97,642 (-75.5%), from €129,291 to €31,649
- Trade debts -€6,624
down €6,624 (-75.7%), from €8,752 to €2,128
- Tax, wage and social debts -€2,925
down €2,925 (-31.3%), from €9,351 to €6,426
- Gross operating margin +€94,115
up €94,115 (+405.0%), from €23,239 to €117,354
- Other operating charges -€7,318
down €7,318 (-68.6%), from €10,662 to €3,344
- Financial charges -€5,353
down €5,353 (-58.3%), from €9,179 to €3,826
- Depreciation +€1,310
up €1,310 (+41.9%), from €3,128 to €4,438
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 | €54,252 | €52,671 | -€1,581 | -2.9% |
| Fixed assets | 21/28 | €12,592 | €15,055 | +€2,463 | +19.6% |
| Tangible fixed assets | 22/27 | €11,052 | €15,055 | +€4,003 | +36.2% |
| Plant, machinery and equipment | 23 | - | €7,687 | +€7,687 | |
| Furniture and vehicles | 24 | €7,243 | €4,445 | -€2,798 | -38.6% |
| Other tangible fixed assets | 26 | €3,809 | €2,923 | -€886 | -23.3% |
| Financial fixed assets | 28 | €1,540 | - | -€1,540 | |
| Current assets | 29/58 | €41,660 | €37,615 | -€4,044 | -9.7% |
| Amounts receivable within one year | 40/41 | €37,383 | €22,802 | -€14,581 | -39.0% |
| Trade receivables | 40 | €36,304 | €21,773 | -€14,531 | -40.0% |
| Other amounts receivable | 41 | €1,079 | €1,030 | -€50 | -4.6% |
| Cash at bank and in hand | 54/58 | €2,602 | €13,253 | +€10,650 | +409.2% |
| Deferred charges and accrued income | 490/1 | €1,674 | €1,560 | -€114 | -6.8% |
| Total equity and liabilities | 10/49 | €54,252 | €52,671 | -€1,581 | -2.9% |
| Equity | 10/15 | -€201,393 | -€95,783 | +€105,610 | +52.4% |
| Contributions | 10/11 | €60,600 | €60,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,993 | -€156,383 | +€105,610 | +40.3% |
| Amounts payable | 17/49 | €255,645 | €148,454 | -€107,191 | -41.9% |
| Amounts payable after more than one year | 17 | €108,250 | €108,250 | = | 0.0% |
| Financial debts | 170/4 | €108,250 | €108,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,103 | €8,554 | -€9,549 | -52.7% |
| Trade debts | 44 | €8,752 | €2,128 | -€6,624 | -75.7% |
| Suppliers | 440/4 | €8,752 | €2,128 | -€6,624 | -75.7% |
| Taxes, remuneration and social security | 45 | €9,351 | €6,426 | -€2,925 | -31.3% |
| Taxes | 450/3 | €9,351 | €6,426 | -€2,925 | -31.3% |
| Accrued charges and deferred income | 492/3 | €129,291 | €31,649 | -€97,642 | -75.5% |
| Non-recurring operating income | 76A | - | €101,315 | +€101,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,128 | €4,438 | +€1,310 | +41.9% |
| Other operating charges | 640/8 | €10,662 | €3,344 | -€7,318 | -68.6% |
| Gross operating margin | 9900 | €23,239 | €117,354 | +€94,115 | +405.0% |
| Operating profit (loss) | 9901 | €9,448 | €109,572 | +€100,123 | +1059.7% |
| Financial income | 75/76B | €34 | €117 | +€83 | +241.3% |
| Recurring financial income | 75 | €34 | €117 | +€83 | +241.3% |
| Financial charges | 65/66B | €9,179 | €3,826 | -€5,353 | -58.3% |
| Recurring financial charges | 65 | €9,179 | €3,826 | -€5,353 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €304 | €105,863 | +€105,559 | +34755.3% |
| Income taxes | 67/77 | €174 | €253 | +€79 | +45.7% |
| Profit (loss) for the period | 9904 | €130 | €105,610 | +€105,480 | +81001.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130 | €105,610 | +€105,480 | +81001.1% |
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 12 October 2026 via checked.be.