SICARD: 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.
SICARD
Largest movements
- Cash -€2,966
down €2,966 (-36.8%), from €8,050 to €5,084
mainly Accrued charges and deferred income (-€6,250) and Other debts (-€3,235)
- Deferred charges and accrued income +€1,997
new in 2024: €1,997
- Tangible fixed assets -€1,856
down €1,856 (-36.5%), from €5,082 to €3,226
- Receivables within one year -€785
no longer reported in 2024 (was €785)
- Stocks and contracts +€204
up €204 (+117%), from €175 to €379
- Accrued charges and deferred income -€6,250
down €6,250 (-33.3%), from €18,750 to €12,500
- Tax, wage and social debts +€4,055
up €4,055 (+200%), from €2,031 to €6,085
of which Taxes: +€3,350
- Other debts -€3,235
down €3,235 (-9.5%), from €34,197 to €30,962
- Trade debts +€1,187
up €1,187 (+31.8%), from €3,737 to €4,924
- Profit (loss) carried forward +€836
up €836 (+1.2%), from -€71,081 to -€70,244
- Staff costs +€19,664
up €19,664 (+8,572%), from €229 to €19,894
- Gross operating margin +€16,278
up €16,278 (+112%), from €14,531 to €30,809
- Turnover +€8,532
up €8,532 (+6.2%), from €138,478 to €147,011
- Other operating charges +€3,656
up €3,656 (+110%), from €3,314 to €6,969
- Purchases and services -€2,263
down €2,263 (-1.7%), from €131,943 to €129,679
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.
Derived cash bridge
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 | €14,092 | €10,686 | -€3,406 | -24.2% |
| Fixed assets | 21/28 | €5,082 | €3,226 | -€1,856 | -36.5% |
| Tangible fixed assets | 22/27 | €5,082 | €3,226 | -€1,856 | -36.5% |
| Plant, machinery and equipment | 23 | €5,082 | €3,226 | -€1,856 | -36.5% |
| Current assets | 29/58 | €9,010 | €7,460 | -€1,550 | -17.2% |
| Stocks and contracts in progress | 3 | €175 | €379 | +€204 | +117% |
| Stocks | 30/36 | €175 | €379 | +€204 | +117% |
| Amounts receivable within one year | 40/41 | €785 | - | -€785 | |
| Trade receivables | 40 | €785 | - | -€785 | |
| Cash at bank and in hand | 54/58 | €8,050 | €5,084 | -€2,966 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €1,997 | +€1,997 | |
| Total equity and liabilities | 10/49 | €14,092 | €10,686 | -€3,406 | -24.2% |
| Equity | 10/15 | -€44,622 | -€43,786 | +€836 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €7,858 | €7,858 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,998 | €5,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,081 | -€70,244 | +€836 | +1.2% |
| Amounts payable | 17/49 | €58,714 | €54,471 | -€4,243 | -7.2% |
| Amounts payable within one year | 42/48 | €39,964 | €41,971 | +€2,007 | +5.0% |
| Trade debts | 44 | €3,737 | €4,924 | +€1,187 | +31.8% |
| Suppliers | 440/4 | €3,737 | €4,924 | +€1,187 | +31.8% |
| Taxes, remuneration and social security | 45 | €2,031 | €6,085 | +€4,055 | +200% |
| Taxes | 450/3 | €2,031 | €5,381 | +€3,350 | +165% |
| Remuneration and social security | 454/9 | - | €705 | +€705 | |
| Other amounts payable | 47/48 | €34,197 | €30,962 | -€3,235 | -9.5% |
| Accrued charges and deferred income | 492/3 | €18,750 | €12,500 | -€6,250 | -33.3% |
| Turnover | 70 | €138,478 | €147,011 | +€8,532 | +6.2% |
| Non-recurring operating income | 76A | €7,996 | €13,478 | +€5,482 | +68.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €131,943 | €129,679 | -€2,263 | -1.7% |
| Remuneration, social security and pensions | 62 | €229 | €19,894 | +€19,664 | +8,572% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,063 | €1,856 | -€207 | -10.0% |
| Other operating charges | 640/8 | €3,314 | €6,969 | +€3,656 | +110% |
| Gross operating margin | 9900 | €14,531 | €30,809 | +€16,278 | +112% |
| Operating profit (loss) | 9901 | €8,926 | €2,090 | -€6,835 | -76.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,109 | €1,254 | +€145 | +13.1% |
| Recurring financial charges | 65 | €1,109 | €1,254 | +€145 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €7,817 | €836 | -€6,980 | -89.3% |
| Profit (loss) for the period | 9904 | €7,817 | €836 | -€6,980 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,817 | €836 | -€6,980 | -89.3% |
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 15 October 2026 via checked.be.