SYGMA: 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.
SYGMA
Largest movements
- Financial fixed assets -€157,314
down €157,314 (-69.9%), from €225,000 to €67,686
- Receivables within one year -€155,505
down €155,505 (-58.4%), from €266,103 to €110,598
of which Trade receivables: -€97,023
- Receivables after one year -€75,000
no longer reported in 2024 (was €75,000)
- Stocks and contracts -€63,935
down €63,935 (-79.4%), from €80,560 to €16,625
- Tangible fixed assets +€27,449
up €27,449 (+20.2%), from €135,844 to €163,293
of which Other tangible fixed assets: +€30,916
- Profit (loss) carried forward -€439,487
down €439,487 (-95.7%), from €459,038 to €19,551
- Short-term financial debts +€15,461
new in 2024: €15,461
- Financial charges +€284,982
up €284,982 (+1750.1%), from €16,284 to €301,266
- Write-downs +€171,777
new in 2024: €171,777
- Depreciation -€24,950
down €24,950 (-60.4%), from €41,342 to €16,392
- Gross operating margin +€8,954
up €8,954 (+18.3%), from €48,901 to €57,855
- Other operating charges +€3,437
up €3,437 (+79.2%), from €4,342 to €7,778
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,788 | €363,885 | -€436,903 | -54.6% |
| Fixed assets | 21/28 | €360,844 | €230,979 | -€129,865 | -36.0% |
| Tangible fixed assets | 22/27 | €135,844 | €163,293 | +€27,449 | +20.2% |
| Land and buildings | 22 | €65,681 | €62,214 | -€3,467 | -5.3% |
| Other tangible fixed assets | 26 | €70,163 | €101,079 | +€30,916 | +44.1% |
| Financial fixed assets | 28 | €225,000 | €67,686 | -€157,314 | -69.9% |
| Current assets | 29/58 | €439,945 | €132,906 | -€307,038 | -69.8% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Stocks and contracts in progress | 3 | €80,560 | €16,625 | -€63,935 | -79.4% |
| Stocks | 30/36 | €80,560 | €16,625 | -€63,935 | -79.4% |
| Amounts receivable within one year | 40/41 | €266,103 | €110,598 | -€155,505 | -58.4% |
| Trade receivables | 40 | €101,205 | €4,183 | -€97,023 | -95.9% |
| Other amounts receivable | 41 | €164,898 | €106,415 | -€58,483 | -35.5% |
| Cash at bank and in hand | 54/58 | €16,931 | €4,980 | -€11,951 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,350 | €703 | -€647 | -47.9% |
| Total equity and liabilities | 10/49 | €800,788 | €363,885 | -€436,903 | -54.6% |
| Equity | 10/15 | €486,306 | €46,819 | -€439,487 | -90.4% |
| Contributions | 10/11 | €24,046 | €24,046 | = | 0.0% |
| Reserves | 13 | €3,223 | €3,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459,038 | €19,551 | -€439,487 | -95.7% |
| Amounts payable | 17/49 | €314,482 | €317,066 | +€2,584 | +0.8% |
| Amounts payable within one year | 42/48 | €314,482 | €317,066 | +€2,584 | +0.8% |
| Financial debts | 43 | - | €15,461 | +€15,461 | |
| Credit institutions | 430/8 | - | €15,461 | +€15,461 | |
| Trade debts | 44 | €30,871 | €24,280 | -€6,591 | -21.3% |
| Suppliers | 440/4 | €30,871 | €24,280 | -€6,591 | -21.3% |
| Taxes, remuneration and social security | 45 | €18,044 | €10,237 | -€7,807 | -43.3% |
| Taxes | 450/3 | €18,044 | €10,237 | -€7,807 | -43.3% |
| Other amounts payable | 47/48 | €265,568 | €267,088 | +€1,520 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,342 | €16,392 | -€24,950 | -60.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €171,777 | +€171,777 | |
| Other operating charges | 640/8 | €4,342 | €7,778 | +€3,437 | +79.2% |
| Gross operating margin | 9900 | €48,901 | €57,855 | +€8,954 | +18.3% |
| Operating profit (loss) | 9901 | €3,218 | -€138,093 | -€141,310 | |
| Financial income | 75/76B | €2,319 | €430 | -€1,889 | -81.5% |
| Recurring financial income | 75 | €2,319 | €430 | -€1,889 | -81.5% |
| Financial charges | 65/66B | €16,284 | €301,266 | +€284,982 | +1750.1% |
| Recurring financial charges | 65 | €16,284 | €301,266 | +€284,982 | +1750.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,747 | -€438,928 | -€428,181 | -3984.1% |
| Income taxes | 67/77 | €529 | €559 | +€30 | +5.7% |
| Profit (loss) for the period | 9904 | -€11,276 | -€439,487 | -€428,211 | -3797.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,276 | -€439,487 | -€428,211 | -3797.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.