SICAM: 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.
SICAM
Largest movements
- Cash +€67,020
up €67,020 (+2726.4%), from €2,458 to €69,478
mainly Depreciation (+€115,198) and Other debts (+€79,723)
- Intangible fixed assets -€62,239
down €62,239 (-7.7%), from €809,104 to €746,865
- Tangible fixed assets -€39,166
down €39,166 (-3.5%), from €1.1m to €1.1m
of which Land and buildings: -€52,835
- Other debts +€79,723
new in 2024: €79,723
- Reserves -€50,688
down €50,688 (-3.6%), from €1.4m to €1.3m
of which Distributable reserves: -€37,908
- Debts after one year -€26,784
down €26,784 (-5.6%), from €477,317 to €450,533
of which Financial debts: -€25,290
No income-statement line moved by more than 1% of the activity.
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 | €2,214,009 | €2,179,033 | -€34,976 | -1.6% |
| Fixed assets | 21/28 | €1,943,715 | €1,842,311 | -€101,404 | -5.2% |
| Intangible fixed assets | 21 | €809,104 | €746,865 | -€62,239 | -7.7% |
| Tangible fixed assets | 22/27 | €1,134,612 | €1,095,446 | -€39,166 | -3.5% |
| Land and buildings | 22 | €1,134,612 | €1,081,776 | -€52,835 | -4.7% |
| Plant, machinery and equipment | 23 | - | €13,670 | +€13,670 | |
| Current assets | 29/58 | €270,293 | €336,722 | +€66,429 | +24.6% |
| Amounts receivable within one year | 40/41 | €263,944 | €267,244 | +€3,300 | +1.3% |
| Trade receivables | 40 | €56,120 | €126,496 | +€70,376 | +125.4% |
| Other amounts receivable | 41 | €207,824 | €140,748 | -€67,076 | -32.3% |
| Cash at bank and in hand | 54/58 | €2,458 | €69,478 | +€67,020 | +2726.4% |
| Deferred charges and accrued income | 490/1 | €3,891 | - | -€3,891 | |
| Total equity and liabilities | 10/49 | €2,214,009 | €2,179,033 | -€34,976 | -1.6% |
| Equity | 10/15 | €1,513,457 | €1,462,769 | -€50,688 | -3.3% |
| Contributions | 10/11 | €116,000 | €116,000 | = | 0.0% |
| Capital | 10 | €116,000 | €116,000 | = | 0.0% |
| Issued capital | 100 | €116,000 | €116,000 | = | 0.0% |
| Reserves | 13 | €1,397,457 | €1,346,769 | -€50,688 | -3.6% |
| Non-distributable reserves | 130/1 | €11,600 | €11,600 | = | 0.0% |
| Legal reserve | 130 | €11,600 | €11,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €304,155 | €291,375 | -€12,780 | -4.2% |
| Distributable reserves | 133 | €1,081,702 | €1,043,795 | -€37,908 | -3.5% |
| Provisions and deferred taxes | 16 | €151,616 | €145,426 | -€6,190 | -4.1% |
| Deferred taxes | 168 | €151,616 | €145,426 | -€6,190 | -4.1% |
| Amounts payable | 17/49 | €548,935 | €570,838 | +€21,902 | +4.0% |
| Amounts payable after more than one year | 17 | €477,317 | €450,533 | -€26,784 | -5.6% |
| Financial debts | 170/4 | €368,258 | €342,969 | -€25,290 | -6.9% |
| Other amounts payable | 178/9 | €109,059 | €107,564 | -€1,494 | -1.4% |
| Amounts payable within one year | 42/48 | €71,618 | €120,304 | +€48,686 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €46,705 | €25,290 | -€21,416 | -45.9% |
| Trade debts | 44 | €7,671 | €1,145 | -€6,526 | -85.1% |
| Suppliers | 440/4 | €7,671 | €1,145 | -€6,526 | -85.1% |
| Taxes, remuneration and social security | 45 | €17,242 | €14,148 | -€3,094 | -17.9% |
| Taxes | 450/3 | €17,242 | €14,148 | -€3,094 | -17.9% |
| Other amounts payable | 47/48 | - | €79,723 | +€79,723 | |
| Non-recurring operating income | 76A | - | €741 | +€741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,074 | €115,198 | +€124 | +0.1% |
| Other operating charges | 640/8 | €20,399 | €20,181 | -€218 | -1.1% |
| Non-recurring operating charges | 66A | €421 | - | -€421 | |
| Gross operating margin | 9900 | €207,257 | €208,106 | +€849 | +0.4% |
| Operating profit (loss) | 9901 | €71,362 | €72,726 | +€1,364 | +1.9% |
| Financial charges | 65/66B | €11,979 | €9,990 | -€1,989 | -16.6% |
| Recurring financial charges | 65 | €11,979 | €9,990 | -€1,989 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €59,384 | €62,736 | +€3,353 | +5.6% |
| Transfer from deferred taxes | 780 | €6,448 | €6,190 | -€258 | -4.0% |
| Income taxes | 67/77 | €39,256 | €39,892 | +€636 | +1.6% |
| Profit (loss) for the period | 9904 | €26,576 | €29,035 | +€2,459 | +9.3% |
| Transfer from tax-exempt reserves | 789 | €12,522 | €12,780 | +€258 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,099 | €41,815 | +€2,716 | +6.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.