SICCARD PROJECTS: 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 PROJECTS
Largest movements
- Cash +€68,463
up €68,463 (+38.0%), from €179,989 to €248,451
mainly Net result for the year (+€81,094) and Depreciation (+€24,234)
- Tangible fixed assets -€22,433
down €22,433 (-25.0%), from €89,747 to €67,315
of which Furniture and vehicles: -€22,050
- Reserves +€81,094
up €81,094 (+73.1%), from €110,962 to €192,056
- Tax, wage and social debts -€36,451
down €36,451 (-76.2%), from €47,859 to €11,408
- Gross operating margin +€102,006
up €102,006 (+278.6%), from €36,611 to €138,617
- Taxes +€24,220
up €24,220 (+670.1%), from €3,614 to €27,835
- Financial charges +€3,317
up €3,317 (+219.3%), from €1,512 to €4,829
- Financial income -€2,108
down €2,108 (-75.7%), from €2,785 to €677
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 | €288,651 | €337,176 | +€48,525 | +16.8% |
| Fixed assets | 21/28 | €89,747 | €67,315 | -€22,433 | -25.0% |
| Tangible fixed assets | 22/27 | €89,747 | €67,315 | -€22,433 | -25.0% |
| Plant, machinery and equipment | 23 | €3,495 | €3,111 | -€383 | -11.0% |
| Furniture and vehicles | 24 | €86,253 | €64,203 | -€22,050 | -25.6% |
| Current assets | 29/58 | €198,904 | €269,862 | +€70,958 | +35.7% |
| Amounts receivable within one year | 40/41 | €16,806 | €19,360 | +€2,554 | +15.2% |
| Trade receivables | 40 | €0 | €19,360 | +€19,360 | |
| Other amounts receivable | 41 | €16,806 | €0 | -€16,806 | -100.0% |
| Cash at bank and in hand | 54/58 | €179,989 | €248,451 | +€68,463 | +38.0% |
| Deferred charges and accrued income | 490/1 | €2,109 | €2,050 | -€59 | -2.8% |
| Total equity and liabilities | 10/49 | €288,651 | €337,176 | +€48,525 | +16.8% |
| Equity | 10/15 | €111,962 | €193,056 | +€81,094 | +72.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,962 | €192,056 | +€81,094 | +73.1% |
| Distributable reserves | 133 | €110,962 | €192,056 | +€81,094 | +73.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €176,689 | €144,120 | -€32,569 | -18.4% |
| Amounts payable within one year | 42/48 | €174,046 | €138,225 | -€35,821 | -20.6% |
| Trade debts | 44 | €1,772 | €122 | -€1,650 | -93.1% |
| Suppliers | 440/4 | €1,772 | €122 | -€1,650 | -93.1% |
| Taxes, remuneration and social security | 45 | €47,859 | €11,408 | -€36,451 | -76.2% |
| Taxes | 450/3 | €47,859 | €11,408 | -€36,451 | -76.2% |
| Other amounts payable | 47/48 | €124,415 | €126,696 | +€2,281 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,643 | €5,895 | +€3,252 | +123.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,901 | €24,234 | +€333 | +1.4% |
| Other operating charges | 640/8 | €997 | €1,303 | +€305 | +30.6% |
| Gross operating margin | 9900 | €36,611 | €138,617 | +€102,006 | +278.6% |
| Operating profit (loss) | 9901 | €11,713 | €113,081 | +€101,368 | +865.4% |
| Financial income | 75/76B | €2,785 | €677 | -€2,108 | -75.7% |
| Recurring financial income | 75 | €2,785 | €677 | -€2,108 | -75.7% |
| Financial charges | 65/66B | €1,512 | €4,829 | +€3,317 | +219.3% |
| Recurring financial charges | 65 | €1,512 | €4,829 | +€3,317 | +219.3% |
| Profit (loss) for the period before taxes | 9903 | €12,985 | €108,929 | +€95,943 | +738.9% |
| Income taxes | 67/77 | €3,614 | €27,835 | +€24,220 | +670.1% |
| Profit (loss) for the period | 9904 | €9,371 | €81,094 | +€71,723 | +765.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,371 | €81,094 | +€71,723 | +765.4% |
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 7 October 2026 via checked.be.