SICCARD: 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.
SICCARD
Largest movements
- Cash +€2,071
up €2,071 (+10.0%), from €20,726 to €22,797
mainly Net result for the year (+€48,005) and Tax, wage and social debts (+€1,156)
- Receivables within one year -€609
down €609 (-19.1%), from €3,197 to €2,588
of which Other amounts receivable: -€609
- Profit (loss) carried forward +€48,005
up €48,005 (+34.6%), from -€138,877 to -€90,872
- Other debts -€47,700
down €47,700 (-38.8%), from €122,790 to €75,090
- Tax, wage and social debts +€1,156
new in 2025: €1,156
- Depreciation -€34,846
no longer reported in 2025 (was €34,846)
- Gross operating margin -€18,657
down €18,657 (-27.8%), from €67,107 to €48,450
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 | €23,922 | €25,384 | +€1,462 | +6.1% |
| Current assets | 29/58 | €23,922 | €25,384 | +€1,462 | +6.1% |
| Amounts receivable within one year | 40/41 | €3,197 | €2,588 | -€609 | -19.1% |
| Trade receivables | 40 | €2,588 | €2,588 | = | 0.0% |
| Other amounts receivable | 41 | €609 | - | -€609 | |
| Cash at bank and in hand | 54/58 | €20,726 | €22,797 | +€2,071 | +10.0% |
| Total equity and liabilities | 10/49 | €23,922 | €25,384 | +€1,462 | +6.1% |
| Equity | 10/15 | -€98,867 | -€50,862 | +€48,005 | +48.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,609 | €27,609 | = | 0.0% |
| Distributable reserves | 133 | €27,609 | €27,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,877 | -€90,872 | +€48,005 | +34.6% |
| Amounts payable | 17/49 | €122,790 | €76,246 | -€46,544 | -37.9% |
| Amounts payable within one year | 42/48 | €122,790 | €76,246 | -€46,544 | -37.9% |
| Taxes, remuneration and social security | 45 | - | €1,156 | +€1,156 | |
| Taxes | 450/3 | - | €1,156 | +€1,156 | |
| Other amounts payable | 47/48 | €122,790 | €75,090 | -€47,700 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,846 | - | -€34,846 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €67,107 | €48,450 | -€18,657 | -27.8% |
| Operating profit (loss) | 9901 | €31,874 | €48,051 | +€16,176 | +50.8% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +4.6% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €31,831 | €48,005 | +€16,174 | +50.8% |
| Profit (loss) for the period | 9904 | €31,831 | €48,005 | +€16,174 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,831 | €48,005 | +€16,174 | +50.8% |
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 5 October 2026 via checked.be.