SICA PROJECTS: 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.
SICA PROJECTS
Largest movements
- Cash +€80,523
up €80,523 (+58.7%), from €137,173 to €217,697
mainly Net result for the year (+€150,406) and Other debts (+€25,188)
- Tangible fixed assets +€13,460
new in 2025: €13,460
- Receivables within one year +€6,373
up €6,373 (+8.6%), from €74,455 to €80,829
of which Trade receivables: +€13,998
- Deferred charges and accrued income -€3,361
down €3,361 (-97.1%), from €3,461 to €100
- Reserves +€78,752
up €78,752 (+66.2%), from €118,895 to €197,647
- Trade debts -€29,827
no longer reported in 2025 (was €29,827)
- Other debts +€25,188
up €25,188 (+46.5%), from €54,178 to €79,366
- Tax, wage and social debts +€21,817
up €21,817 (+2549.2%), from €856 to €22,673
- Gross operating margin +€118,246
up €118,246 (+138.0%), from €85,666 to €203,912
- Taxes +€52,249
up €52,249 (+4718.7%), from €1,107 to €53,356
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 | €215,090 | €312,085 | +€96,995 | +45.1% |
| Fixed assets | 21/28 | - | €13,460 | +€13,460 | |
| Tangible fixed assets | 22/27 | - | €13,460 | +€13,460 | |
| Furniture and vehicles | 24 | - | €13,460 | +€13,460 | |
| Current assets | 29/58 | €215,090 | €298,625 | +€83,535 | +38.8% |
| Amounts receivable within one year | 40/41 | €74,455 | €80,829 | +€6,373 | +8.6% |
| Trade receivables | 40 | €66,831 | €80,829 | +€13,998 | +20.9% |
| Other amounts receivable | 41 | €7,625 | - | -€7,625 | |
| Cash at bank and in hand | 54/58 | €137,173 | €217,697 | +€80,523 | +58.7% |
| Deferred charges and accrued income | 490/1 | €3,461 | €100 | -€3,361 | -97.1% |
| Total equity and liabilities | 10/49 | €215,090 | €312,085 | +€96,995 | +45.1% |
| Equity | 10/15 | €130,229 | €210,047 | +€79,818 | +61.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €118,895 | €197,647 | +€78,752 | +66.2% |
| Distributable reserves | 133 | €118,895 | €197,647 | +€78,752 | +66.2% |
| Profit (loss) carried forward | 14 | -€1,066 | - | +€1,066 | |
| Amounts payable | 17/49 | €84,861 | €102,039 | +€17,178 | +20.2% |
| Amounts payable within one year | 42/48 | €84,861 | €102,039 | +€17,178 | +20.2% |
| Trade debts | 44 | €29,827 | - | -€29,827 | |
| Suppliers | 440/4 | €29,827 | - | -€29,827 | |
| Taxes, remuneration and social security | 45 | €856 | €22,673 | +€21,817 | +2549.2% |
| Taxes | 450/3 | €856 | €22,673 | +€21,817 | +2549.2% |
| Other amounts payable | 47/48 | €54,178 | €79,366 | +€25,188 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €589 | +€589 | |
| Other operating charges | 640/8 | €453 | €58 | -€395 | -87.2% |
| Gross operating margin | 9900 | €85,666 | €203,912 | +€118,246 | +138.0% |
| Operating profit (loss) | 9901 | €85,213 | €203,265 | +€118,052 | +138.5% |
| Financial income | 75/76B | €838 | €625 | -€213 | -25.4% |
| Recurring financial income | 75 | €838 | €625 | -€213 | -25.4% |
| Financial charges | 65/66B | €305 | €128 | -€177 | -58.2% |
| Recurring financial charges | 65 | €305 | €128 | -€177 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €85,746 | €203,762 | +€118,016 | +137.6% |
| Income taxes | 67/77 | €1,107 | €53,356 | +€52,249 | +4718.7% |
| Profit (loss) for the period | 9904 | €84,639 | €150,406 | +€65,767 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,639 | €150,406 | +€65,767 | +77.7% |
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 9 October 2026 via checked.be.