SIGURD: 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.
SIGURD
Largest movements
- Stocks and contracts -€3,339
down €3,339 (-89.1%), from €3,746 to €407
- Receivables within one year +€2,163
up €2,163 (+1081.4%), from €200 to €2,363
of which Trade receivables: +€2,363
- Cash -€626
down €626 (-7.5%), from €8,404 to €7,778
mainly Other debts (-€4,000) and Receivables within one year (-€2,163)
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Profit (loss) carried forward +€1,627
up €1,627 (+84.0%), from €1,937 to €3,564
- Trade debts +€294
up €294 (+704.2%), from €42 to €336
- Tax, wage and social debts +€160
up €160 (+32.8%), from €488 to €648
- Write-downs +€3,339
new in 2025: €3,339
- Gross operating margin -€1,584
down €1,584 (-19.8%), from €7,985 to €6,401
- Depreciation -€729
down €729 (-86.3%), from €845 to €116
- Other operating charges +€399
up €399 (+80.8%), from €494 to €894
- Taxes -€108
down €108 (-19.9%), from €544 to €436
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 | €12,467 | €10,548 | -€1,919 | -15.4% |
| Fixed assets | 21/28 | €116 | - | -€116 | |
| Intangible fixed assets | 21 | €19 | - | -€19 | |
| Tangible fixed assets | 22/27 | €98 | - | -€98 | |
| Plant, machinery and equipment | 23 | €98 | - | -€98 | |
| Current assets | 29/58 | €12,351 | €10,548 | -€1,803 | -14.6% |
| Stocks and contracts in progress | 3 | €3,746 | €407 | -€3,339 | -89.1% |
| Stocks | 30/36 | €3,746 | €407 | -€3,339 | -89.1% |
| Amounts receivable within one year | 40/41 | €200 | €2,363 | +€2,163 | +1081.4% |
| Trade receivables | 40 | - | €2,363 | +€2,363 | |
| Other amounts receivable | 41 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €8,404 | €7,778 | -€626 | -7.5% |
| Total equity and liabilities | 10/49 | €12,467 | €10,548 | -€1,919 | -15.4% |
| Equity | 10/15 | €7,937 | €9,564 | +€1,627 | +20.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,937 | €3,564 | +€1,627 | +84.0% |
| Amounts payable | 17/49 | €4,529 | €983 | -€3,546 | -78.3% |
| Amounts payable within one year | 42/48 | €4,529 | €983 | -€3,546 | -78.3% |
| Trade debts | 44 | €42 | €336 | +€294 | +704.2% |
| Suppliers | 440/4 | €42 | €336 | +€294 | +704.2% |
| Taxes, remuneration and social security | 45 | €488 | €648 | +€160 | +32.8% |
| Taxes | 450/3 | €488 | €648 | +€160 | +32.8% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €116 | -€729 | -86.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,339 | +€3,339 | |
| Other operating charges | 640/8 | €494 | €894 | +€399 | +80.8% |
| Gross operating margin | 9900 | €7,985 | €6,401 | -€1,584 | -19.8% |
| Operating profit (loss) | 9901 | €6,645 | €2,052 | -€4,594 | -69.1% |
| Financial income | 75/76B | €5 | €110 | +€104 | +1904.0% |
| Recurring financial income | 75 | €5 | €110 | +€104 | +1904.0% |
| Financial charges | 65/66B | €123 | €99 | -€24 | -19.7% |
| Recurring financial charges | 65 | €123 | €99 | -€24 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €6,528 | €2,063 | -€4,465 | -68.4% |
| Income taxes | 67/77 | €544 | €436 | -€108 | -19.9% |
| Profit (loss) for the period | 9904 | €5,984 | €1,627 | -€4,357 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,984 | €1,627 | -€4,357 | -72.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.