SICAYA: 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.
SICAYA
Largest movements
- Receivables within one year +€59,698
up €59,698 (+147.9%), from €40,371 to €100,070
- Cash +€21,566
up €21,566 (+40.3%), from €53,476 to €75,043
mainly Net result for the year (+€69,908) and Tax, wage and social debts (+€19,025)
- Deferred charges and accrued income +€7,496
up €7,496 (+17.3%), from €43,234 to €50,729
- Reserves +€69,908
new in 2025: €69,908
- Tax, wage and social debts +€19,025
up €19,025 (+60.9%), from €31,230 to €50,255
of which Taxes: +€16,273
- Gross operating margin +€29,210
up €29,210 (+40.0%), from €73,072 to €102,281
- Taxes +€14,898
up €14,898 (+94.1%), from €15,841 to €30,739
- Depreciation -€1,200
down €1,200 (-51.2%), from €2,344 to €1,144
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 | €139,468 | €227,084 | +€87,617 | +62.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,386 | €1,242 | -€1,144 | -47.9% |
| Tangible fixed assets | 22/27 | €2,386 | €1,242 | -€1,144 | -47.9% |
| Furniture and vehicles | 24 | €2,386 | €1,242 | -€1,144 | -47.9% |
| Current assets | 29/58 | €137,082 | €225,842 | +€88,760 | +64.7% |
| Amounts receivable within one year | 40/41 | €40,371 | €100,070 | +€59,698 | +147.9% |
| Other amounts receivable | 41 | €40,371 | €100,070 | +€59,698 | +147.9% |
| Cash at bank and in hand | 54/58 | €53,476 | €75,043 | +€21,566 | +40.3% |
| Deferred charges and accrued income | 490/1 | €43,234 | €50,729 | +€7,496 | +17.3% |
| Total equity and liabilities | 10/49 | €139,468 | €227,084 | +€87,617 | +62.8% |
| Equity | 10/15 | €102,180 | €172,088 | +€69,908 | +68.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €69,908 | +€69,908 | |
| Distributable reserves | 133 | - | €69,908 | +€69,908 | |
| Profit (loss) carried forward | 14 | €97,180 | €97,180 | = | 0.0% |
| Amounts payable | 17/49 | €37,287 | €54,996 | +€17,708 | +47.5% |
| Amounts payable within one year | 42/48 | €37,287 | €54,996 | +€17,708 | +47.5% |
| Trade debts | 44 | €6,057 | €4,740 | -€1,317 | -21.7% |
| Suppliers | 440/4 | €6,057 | €4,740 | -€1,317 | -21.7% |
| Taxes, remuneration and social security | 45 | €31,230 | €50,255 | +€19,025 | +60.9% |
| Taxes | 450/3 | €31,230 | €47,503 | +€16,273 | +52.1% |
| Remuneration and social security | 454/9 | - | €2,752 | +€2,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €1,144 | -€1,200 | -51.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €73,072 | €102,281 | +€29,210 | +40.0% |
| Operating profit (loss) | 9901 | €70,340 | €100,738 | +€30,398 | +43.2% |
| Financial charges | 65/66B | €0 | €91 | +€91 | +60366.7% |
| Recurring financial charges | 65 | €0 | €91 | +€91 | +60366.7% |
| Profit (loss) for the period before taxes | 9903 | €70,340 | €100,647 | +€30,307 | +43.1% |
| Income taxes | 67/77 | €15,841 | €30,739 | +€14,898 | +94.1% |
| Profit (loss) for the period | 9904 | €54,500 | €69,908 | +€15,409 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,500 | €69,908 | +€15,409 | +28.3% |
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 3 October 2026 via checked.be.