SICEM: 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.
SICEM
Largest movements
- Receivables within one year +€19,674
up €19,674 (+290179.6%), from €7 to €19,681
of which Trade receivables: +€19,223
- Cash +€15,693
up €15,693 (+127.7%), from €12,291 to €27,985
mainly Trade debts (+€19,223) and Net result for the year (+€9,339)
- Trade debts +€19,223
up €19,223, from €0 to €19,223
- Reserves +€9,339
up €9,339 (+127.7%), from €7,314 to €16,654
- Other debts +€4,510
up €4,510 (+992.8%), from €454 to €4,964
- Tax, wage and social debts +€2,296
up €2,296 (+90.8%), from €2,529 to €4,825
- Gross operating margin +€12,048
up €12,048 (+798.3%), from €1,509 to €13,558
- Taxes +€3,282
up €3,282 (+2779.2%), from €118 to €3,400
- Depreciation -€169
down €169 (-100.0%), from €169 to €0
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 | €12,298 | €47,666 | +€35,368 | +287.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €12,298 | €47,666 | +€35,368 | +287.6% |
| Amounts receivable within one year | 40/41 | €7 | €19,681 | +€19,674 | +290179.6% |
| Trade receivables | 40 | €0 | €19,223 | +€19,223 | |
| Other amounts receivable | 41 | €7 | €458 | +€451 | +6659.0% |
| Cash at bank and in hand | 54/58 | €12,291 | €27,985 | +€15,693 | +127.7% |
| Total equity and liabilities | 10/49 | €12,298 | €47,666 | +€35,368 | +287.6% |
| Equity | 10/15 | €9,314 | €18,654 | +€9,339 | +100.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,314 | €16,654 | +€9,339 | +127.7% |
| Distributable reserves | 133 | €7,314 | €16,654 | +€9,339 | +127.7% |
| Amounts payable | 17/49 | €2,984 | €29,012 | +€26,028 | +872.4% |
| Amounts payable within one year | 42/48 | €2,984 | €29,012 | +€26,028 | +872.4% |
| Trade debts | 44 | €0 | €19,223 | +€19,223 | |
| Suppliers | 440/4 | €0 | €19,223 | +€19,223 | |
| Taxes, remuneration and social security | 45 | €2,529 | €4,825 | +€2,296 | +90.8% |
| Taxes | 450/3 | €2,529 | €4,825 | +€2,296 | +90.8% |
| Other amounts payable | 47/48 | €454 | €4,964 | +€4,510 | +992.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €0 | -€169 | -100.0% |
| Other operating charges | 640/8 | €728 | €644 | -€84 | -11.5% |
| Gross operating margin | 9900 | €1,509 | €13,558 | +€12,048 | +798.3% |
| Operating profit (loss) | 9901 | €613 | €12,914 | +€12,301 | +2007.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €180 | €175 | -€5 | -2.8% |
| Recurring financial charges | 65 | €180 | €175 | -€5 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €433 | €12,739 | +€12,306 | +2840.0% |
| Income taxes | 67/77 | €118 | €3,400 | +€3,282 | +2779.2% |
| Profit (loss) for the period | 9904 | €315 | €9,339 | +€9,024 | +2862.8% |
| Profit (loss) for the period to be appropriated | 9905 | €315 | €9,339 | +€9,024 | +2862.8% |
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 7 October 2026 via checked.be.