SIGURO: 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.
SIGURO
Largest movements
- Cash -€95,694
down €95,694 (-56.7%), from €168,708 to €73,015
mainly Contributions, distributions and other (-€108,093) and Other debts (-€37,250)
- Tangible fixed assets +€1,786
new in 2025: €1,786
- Profit (loss) carried forward -€68,381
no longer reported in 2025 (was €68,381)
- Other debts -€37,250
down €37,250 (-43.2%), from €86,246 to €48,995
- Tax, wage and social debts +€7,835
up €7,835 (+149.4%), from €5,245 to €13,080
- Short-term financial debts +€3,323
new in 2025: €3,323
- Gross operating margin +€42,787
up €42,787 (+79.3%), from €53,980 to €96,768
- Taxes +€9,234
up €9,234 (+451.6%), from €2,045 to €11,279
- Financial charges -€6,613
down €6,613 (-12.8%), from €51,584 to €44,971
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 | €172,908 | €79,566 | -€93,341 | -54.0% |
| Fixed assets | 21/28 | - | €1,786 | +€1,786 | |
| Tangible fixed assets | 22/27 | - | €1,786 | +€1,786 | |
| Furniture and vehicles | 24 | - | €1,786 | +€1,786 | |
| Current assets | 29/58 | €172,908 | €77,780 | -€95,127 | -55.0% |
| Amounts receivable within one year | 40/41 | €4,200 | €4,766 | +€566 | +13.5% |
| Trade receivables | 40 | €3,206 | - | -€3,206 | |
| Other amounts receivable | 41 | €994 | €4,766 | +€3,772 | +379.5% |
| Cash at bank and in hand | 54/58 | €168,708 | €73,015 | -€95,694 | -56.7% |
| Total equity and liabilities | 10/49 | €172,908 | €79,566 | -€93,341 | -54.0% |
| Equity | 10/15 | €81,418 | €13,037 | -€68,381 | -84.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €637 | €637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €637 | €637 | = | 0.0% |
| Reserves not available under the articles | 1311 | €637 | €637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,381 | - | -€68,381 | |
| Amounts payable | 17/49 | €91,490 | €66,530 | -€24,960 | -27.3% |
| Amounts payable within one year | 42/48 | €91,490 | €66,530 | -€24,960 | -27.3% |
| Financial debts | 43 | - | €3,323 | +€3,323 | |
| Credit institutions | 430/8 | - | €3,323 | +€3,323 | |
| Trade debts | 44 | - | €1,132 | +€1,132 | |
| Suppliers | 440/4 | - | €1,132 | +€1,132 | |
| Taxes, remuneration and social security | 45 | €5,245 | €13,080 | +€7,835 | +149.4% |
| Taxes | 450/3 | €5,245 | €13,080 | +€7,835 | +149.4% |
| Other amounts payable | 47/48 | €86,246 | €48,995 | -€37,250 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €10 | -€45 | -82.1% |
| Other operating charges | 640/8 | - | €796 | +€796 | |
| Gross operating margin | 9900 | €53,980 | €96,768 | +€42,787 | +79.3% |
| Operating profit (loss) | 9901 | €53,926 | €95,962 | +€42,036 | +78.0% |
| Financial charges | 65/66B | €51,584 | €44,971 | -€6,613 | -12.8% |
| Recurring financial charges | 65 | €51,584 | €44,971 | -€6,613 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €2,341 | €50,991 | +€48,649 | +2078.1% |
| Income taxes | 67/77 | €2,045 | €11,279 | +€9,234 | +451.6% |
| Profit (loss) for the period | 9904 | €296 | €39,712 | +€39,415 | +13294.4% |
| Profit (loss) for the period to be appropriated | 9905 | €296 | €39,712 | +€39,415 | +13294.4% |
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 6 October 2026 via checked.be.