SICALEC: what changed
What changed
SICALEC
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€1,046
2024 · -€11,394+€10,348
Equity
€83,836
2024 · €84,882-€1,046
Cash
€14,430
2024 · €17,062-€2,632
Balance sheet total
€87,301
2024 · €98,879-€11,578
Largest movements
Assets
- Receivables within one year -€5,430
down €5,430 (-7.8%), from €69,618 to €64,188
of which Trade receivables: -€5,841
- Tangible fixed assets -€3,467
down €3,467 (-34.0%), from €10,206 to €6,739
of which Furniture and vehicles: -€3,467
- Cash -€2,632
down €2,632 (-15.4%), from €17,062 to €14,430
mainly Tax, wage and social debts (-€10,400) and Investment in fixed assets (net) (-€1,543)
Equity and liabilities
- Tax, wage and social debts -€10,400
down €10,400 (-97.3%), from €10,687 to €286
- Profit (loss) carried forward -€1,046
down €1,046 (-406%), from -€257 to -€1,303
Income statement
- Financial income +€7,408
up €7,408 (+70,551%), from €11 to €7,418
- Gross operating margin +€2,947
up €2,947 (+57.5%), from -€5,125 to -€2,178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,394
Gross operating margin
+€2,947
Depreciation
-€28
Other operating charges
+€33
Financial income
+€7,408
Financial charges
-€9
Taxes
-€3
Result 2025
-€1,046
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,089
Investment
-€1,543
Financing
€0
Cash 2024
€17,062
From operations (derived)
-€1,089
Net result for the year
-€1,046
Depreciation
+€4,968
Stocks and contracts
+€106
Receivables within one year
+€5,430
Deferred charges and accrued income
-€16
Trade debts
-€231
Tax, wage and social debts
-€10,400
Other debts
+€100
Investment (derived)
-€1,543
Investment in fixed assets (net)
-€1,543
Cash 2025
€14,430
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,879 | €87,301 | -€11,578 | -11.7% |
| Fixed assets | 21/28 | €10,280 | €6,854 | -€3,426 | -33.3% |
| Tangible fixed assets | 22/27 | €10,206 | €6,739 | -€3,467 | -34.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €10,206 | €6,739 | -€3,467 | -34.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €74 | €116 | +€41 | +55.6% |
| Current assets | 29/58 | €88,599 | €80,447 | -€8,152 | -9.2% |
| Stocks and contracts in progress | 3 | €1,397 | €1,291 | -€106 | -7.6% |
| Stocks | 30/36 | €1,397 | €1,291 | -€106 | -7.6% |
| Amounts receivable within one year | 40/41 | €69,618 | €64,188 | -€5,430 | -7.8% |
| Trade receivables | 40 | €16,827 | €10,986 | -€5,841 | -34.7% |
| Other amounts receivable | 41 | €52,791 | €53,202 | +€411 | +0.8% |
| Cash at bank and in hand | 54/58 | €17,062 | €14,430 | -€2,632 | -15.4% |
| Deferred charges and accrued income | 490/1 | €521 | €538 | +€16 | +3.1% |
| Total equity and liabilities | 10/49 | €98,879 | €87,301 | -€11,578 | -11.7% |
| Equity | 10/15 | €84,882 | €83,836 | -€1,046 | -1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,548 | €66,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,825 | €11,825 | = | 0.0% |
| Distributable reserves | 133 | €52,863 | €52,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257 | -€1,303 | -€1,046 | -406% |
| Amounts payable | 17/49 | €13,997 | €3,465 | -€10,532 | -75.2% |
| Amounts payable within one year | 42/48 | €13,997 | €3,465 | -€10,532 | -75.2% |
| Trade debts | 44 | €1,210 | €978 | -€231 | -19.1% |
| Suppliers | 440/4 | €1,210 | €978 | -€231 | -19.1% |
| Taxes, remuneration and social security | 45 | €10,687 | €286 | -€10,400 | -97.3% |
| Taxes | 450/3 | €10,687 | €286 | -€10,400 | -97.3% |
| Other amounts payable | 47/48 | €2,100 | €2,200 | +€100 | +4.8% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,940 | €4,968 | +€28 | +0.6% |
| Other operating charges | 640/8 | €930 | €897 | -€33 | -3.5% |
| Gross operating margin | 9900 | -€5,125 | -€2,178 | +€2,947 | +57.5% |
| Operating profit (loss) | 9901 | -€10,996 | -€8,044 | +€2,952 | +26.8% |
| Financial income | 75/76B | €11 | €7,418 | +€7,408 | +70,551% |
| Recurring financial income | 75 | €11 | €7,418 | +€7,408 | +70,551% |
| Financial charges | 65/66B | €267 | €276 | +€9 | +3.2% |
| Recurring financial charges | 65 | €267 | €276 | +€9 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,252 | -€901 | +€10,351 | +92.0% |
| Income taxes | 67/77 | €142 | €145 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€11,394 | -€1,046 | +€10,348 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,394 | -€1,046 | +€10,348 | +90.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.