SICARS: 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.
SICARS
Largest movements
- Tangible fixed assets +€6,461
up €6,461 (+3.2%), from €201,568 to €208,029
of which Land and buildings: +€8,440
- Cash -€5,821
down €5,821 (-92.0%), from €6,326 to €505
mainly Debts after one year (-€10,126) and Investment in fixed assets (net) (-€8,440)
- Debts after one year -€10,126
down €10,126 (-18.1%), from €55,916 to €45,790
- Trade debts +€7,617
up €7,617 (+43.5%), from €17,522 to €25,139
- Tax, wage and social debts +€6,628
up €6,628 (+3438.4%), from €193 to €6,821
of which Taxes: +€4,028
- Short-term financial debts +€5,662
new in 2023: €5,662
- Current portion of long-term debt -€4,296
no longer reported in 2023 (was €4,296)
- Purchases and services +€40,731
up €40,731 (+48.0%), from €84,929 to €125,660
- Turnover +€31,386
up €31,386 (+29.9%), from €105,134 to €136,520
- Depreciation -€13,792
down €13,792 (-87.5%), from €15,771 to €1,979
- Gross operating margin -€10,929
down €10,929 (-50.2%), from €21,789 to €10,860
- Financial charges +€3,165
up €3,165 (+302.0%), from €1,048 to €4,213
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,821 | €271,085 | +€2,264 | +0.8% |
| Fixed assets | 21/28 | €201,568 | €208,029 | +€6,461 | +3.2% |
| Tangible fixed assets | 22/27 | €201,568 | €208,029 | +€6,461 | +3.2% |
| Land and buildings | 22 | €190,598 | €199,038 | +€8,440 | +4.4% |
| Furniture and vehicles | 24 | €10,970 | €8,991 | -€1,979 | -18.0% |
| Current assets | 29/58 | €67,253 | €63,056 | -€4,197 | -6.2% |
| Stocks and contracts in progress | 3 | €1,019 | €1,019 | -€0 | 0.0% |
| Stocks | 30/36 | €1,019 | €1,019 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €59,908 | €60,645 | +€737 | +1.2% |
| Trade receivables | 40 | €53,183 | €51,082 | -€2,101 | -4.0% |
| Other amounts receivable | 41 | €6,724 | €9,563 | +€2,839 | +42.2% |
| Cash at bank and in hand | 54/58 | €6,326 | €505 | -€5,821 | -92.0% |
| Deferred charges and accrued income | 490/1 | - | €887 | +€887 | |
| Total equity and liabilities | 10/49 | €268,821 | €271,085 | +€2,264 | +0.8% |
| Equity | 10/15 | €2,456 | €2,334 | -€122 | -5.0% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€5,604 | -€5,726 | -€122 | -2.2% |
| Amounts payable | 17/49 | €266,366 | €268,751 | +€2,385 | +0.9% |
| Amounts payable after more than one year | 17 | €55,916 | €45,790 | -€10,126 | -18.1% |
| Financial debts | 170/4 | €55,916 | €45,790 | -€10,126 | -18.1% |
| Amounts payable within one year | 42/48 | €206,450 | €222,961 | +€16,511 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €4,296 | - | -€4,296 | |
| Financial debts | 43 | - | €5,662 | +€5,662 | |
| Credit institutions | 430/8 | - | €5,662 | +€5,662 | |
| Trade debts | 44 | €17,522 | €25,139 | +€7,617 | +43.5% |
| Suppliers | 440/4 | €17,522 | €25,139 | +€7,617 | +43.5% |
| Taxes, remuneration and social security | 45 | €193 | €6,821 | +€6,628 | +3438.4% |
| Taxes | 450/3 | €193 | €4,221 | +€4,028 | +2089.7% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €184,439 | €185,339 | +€900 | +0.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Turnover | 70 | €105,134 | €136,520 | +€31,386 | +29.9% |
| Non-recurring operating income | 76A | €1,584 | - | -€1,584 | |
| Goods, raw materials, services and sundry goods | 60/61 | €84,929 | €125,660 | +€40,731 | +48.0% |
| Remuneration, social security and pensions | 62 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,771 | €1,979 | -€13,792 | -87.5% |
| Other operating charges | 640/8 | €3,024 | €4,386 | +€1,362 | +45.0% |
| Gross operating margin | 9900 | €21,789 | €10,860 | -€10,929 | -50.2% |
| Operating profit (loss) | 9901 | €2,993 | €4,091 | +€1,098 | +36.7% |
| Financial income | 75/76B | €1,473 | - | -€1,473 | |
| Recurring financial income | 75 | €1,473 | - | -€1,473 | |
| Financial charges | 65/66B | €1,048 | €4,213 | +€3,165 | +302.0% |
| Recurring financial charges | 65 | €1,048 | €4,213 | +€3,165 | +302.0% |
| Profit (loss) for the period before taxes | 9903 | €3,419 | -€122 | -€3,541 | |
| Profit (loss) for the period | 9904 | €3,419 | -€122 | -€3,541 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,419 | -€122 | -€3,541 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.