SICANO: 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.
SICANO
Largest movements
- Cash +€90,636
up €90,636 (+338.3%), from €26,794 to €117,430
mainly Net result for the year (+€75,104) and Receivables within one year (+€74,621)
- Receivables within one year -€74,621
no longer reported in 2025 (was €74,621)
- Tangible fixed assets -€9,729
down €9,729 (-26.8%), from €36,344 to €26,615
- Other debts +€72,259
up €72,259 (+1204318.3%), from €6 to €72,265
- Profit (loss) carried forward -€57,711
down €57,711 (-85.2%), from €67,711 to €10,000
- Debts after one year -€7,995
down €7,995 (-31.1%), from €25,690 to €17,695
- Current portion of long-term debt +€7,995
new in 2025: €7,995
- Short-term financial debts -€7,689
no longer reported in 2025 (was €7,689)
- Gross operating margin +€8,560
up €8,560 (+8.6%), from €99,029 to €107,589
- Taxes +€1,712
up €1,712 (+9.5%), from €17,942 to €19,653
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 | €139,153 | €145,532 | +€6,379 | +4.6% |
| Fixed assets | 21/28 | €36,344 | €26,615 | -€9,729 | -26.8% |
| Tangible fixed assets | 22/27 | €36,344 | €26,615 | -€9,729 | -26.8% |
| Furniture and vehicles | 24 | €36,344 | €26,615 | -€9,729 | -26.8% |
| Current assets | 29/58 | €102,810 | €118,918 | +€16,108 | +15.7% |
| Amounts receivable within one year | 40/41 | €74,621 | - | -€74,621 | |
| Trade receivables | 40 | €74,621 | - | -€74,621 | |
| Cash at bank and in hand | 54/58 | €26,794 | €117,430 | +€90,636 | +338.3% |
| Deferred charges and accrued income | 490/1 | €1,395 | €1,488 | +€93 | +6.6% |
| Total equity and liabilities | 10/49 | €139,153 | €145,532 | +€6,379 | +4.6% |
| Equity | 10/15 | €88,171 | €30,460 | -€57,711 | -65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,711 | €10,000 | -€57,711 | -85.2% |
| Amounts payable | 17/49 | €50,983 | €115,072 | +€64,090 | +125.7% |
| Amounts payable after more than one year | 17 | €25,690 | €17,695 | -€7,995 | -31.1% |
| Financial debts | 170/4 | €25,690 | €17,695 | -€7,995 | -31.1% |
| Amounts payable within one year | 42/48 | €19,362 | €95,878 | +€76,516 | +395.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,995 | +€7,995 | |
| Financial debts | 43 | €7,689 | - | -€7,689 | |
| Credit institutions | 430/8 | €7,689 | - | -€7,689 | |
| Trade debts | 44 | €2,808 | €3,257 | +€449 | +16.0% |
| Suppliers | 440/4 | €2,808 | €3,257 | +€449 | +16.0% |
| Taxes, remuneration and social security | 45 | €8,859 | €12,361 | +€3,502 | +39.5% |
| Taxes | 450/3 | €7,609 | €12,361 | +€4,752 | +62.5% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €6 | €72,265 | +€72,259 | +1204318.3% |
| Accrued charges and deferred income | 492/3 | €5,931 | €1,500 | -€4,431 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,729 | €9,729 | = | 0.0% |
| Other operating charges | 640/8 | €854 | €1,046 | +€192 | +22.5% |
| Gross operating margin | 9900 | €99,029 | €107,589 | +€8,560 | +8.6% |
| Operating profit (loss) | 9901 | €88,446 | €96,814 | +€8,368 | +9.5% |
| Financial income | 75/76B | €125 | €149 | +€24 | +19.5% |
| Recurring financial income | 75 | €125 | €149 | +€24 | +19.5% |
| Financial charges | 65/66B | €2,919 | €2,206 | -€713 | -24.4% |
| Recurring financial charges | 65 | €2,919 | €2,206 | -€713 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €85,652 | €94,757 | +€9,105 | +10.6% |
| Income taxes | 67/77 | €17,942 | €19,653 | +€1,712 | +9.5% |
| Profit (loss) for the period | 9904 | €67,711 | €75,104 | +€7,393 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,711 | €75,104 | +€7,393 | +10.9% |
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 8 October 2026 via checked.be.