SICK: 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.
What changed
SICK
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€607,693
2024 · €10.2m-€9.6m
Equity
€4.1m
2024 · €6.0m-€1.9m
Cash
€30
2024 · €30
Balance sheet total
€15.2m
2024 · €22.9m-€7.7m
Largest movements
Assets
- Receivables within one year -€9.2m
down €9.2m (-43.1%), from €21.4m to €12.2m
of which Other amounts receivable: -€7.5m
- Stocks and contracts +€1.4m
up €1.4m (+132.0%), from €1.1m to €2.5m
of which Contracts in progress: +€1.4m
Equity and liabilities
- Other debts -€7.6m
down €7.6m (-75.1%), from €10.1m to €2.5m
- Trade debts +€2.3m
up €2.3m (+3180.9%), from €70,804 to €2.3m
- Profit (loss) carried forward -€1.9m
down €1.9m (-33.7%), from €5.6m to €3.7m
- Advances received -€540,361
down €540,361 (-48.5%), from €1.1m to €573,406
- Provisions +€242,084
up €242,084 (+46.1%), from €525,062 to €767,146
Income statement
- Turnover -€10.0m
down €10.0m (-26.5%), from €37.6m to €27.6m
- Taxes -€4.1m
down €4.1m (-96.5%), from €4.2m to €148,988
of which Taxes: -€3.0m
- Goods and materials -€4.0m
down €4.0m (-15.0%), from €26.8m to €22.8m
of which Purchases: -€3.2m
- Write-downs -€1.8m
down €1.8m (-2163.3%), from -€84,620 to -€1.9m
- Staff costs -€1.7m
down €1.7m (-24.8%), from €7.0m to €5.3m
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.
Result 2024
€10.2m
Turnover
-€10.0m
Goods and materials
+€4.0m
Services and other goods
+€296,806
Staff costs
+€1.7m
Depreciation
+€26,242
Write-downs
+€1.8m
Provisions
-€6,023
Other operating charges
+€48
Other operating items
-€11.7m
Financial income
+€89,391
Financial charges
+€6,553
Taxes
+€4.1m
Result 2025
€607,693
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.
From operations
+€2.6m
Investment
-€99,452
Financing
-€2.5m
Cash 2024
€30
From operations (derived)
+€2.6m
Net result for the year
+€607,693
Depreciation
+€93,507
Stocks and contracts
-€1.4m
Receivables within one year
+€9.2m
Deferred charges and accrued income
-€48,567
Provisions
+€242,084
Trade debts
+€2.3m
Tax, wage and social debts
-€220,290
Advances received
-€540,361
Other debts
-€7.6m
Accrued charges and deferred income
+€20,000
Investment (derived)
-€99,452
Investment in fixed assets (net)
-€99,452
Financing
-€2.5m
Contributions, distributions and other
-€2.5m
Cash 2025
€30
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,944,830 | €15,207,243 | -€7.7m | -33.7% |
| Fixed assets | 21/28 | €252,437 | €258,382 | +€5,945 | +2.4% |
| Intangible fixed assets | 21 | €6,424 | €10,634 | +€4,210 | +65.5% |
| Tangible fixed assets | 22/27 | €246,013 | €247,748 | +€1,735 | +0.7% |
| Plant, machinery and equipment | 23 | €246,013 | €247,748 | +€1,735 | +0.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €22,692,393 | €14,948,861 | -€7.7m | -34.1% |
| Stocks and contracts in progress | 3 | €1,091,254 | €2,531,783 | +€1.4m | +132.0% |
| Stocks | 30/36 | €3,390 | €10,960 | +€7,570 | +223.3% |
| Goods purchased for resale | 34 | €3,390 | €10,960 | +€7,570 | +223.3% |
| Contracts in progress | 37 | €1,087,864 | €2,520,823 | +€1.4m | +131.7% |
| Amounts receivable within one year | 40/41 | €21,430,614 | €12,197,986 | -€9.2m | -43.1% |
| Trade receivables | 40 | €8,560,595 | €6,870,806 | -€1.7m | -19.7% |
| Other amounts receivable | 41 | €12,870,019 | €5,327,180 | -€7.5m | -58.6% |
| Cash at bank and in hand | 54/58 | €30 | €30 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €170,495 | €219,062 | +€48,567 | +28.5% |
| Total equity and liabilities | 10/49 | €22,944,830 | €15,207,243 | -€7.7m | -33.7% |
| Equity | 10/15 | €5,976,592 | €4,084,285 | -€1.9m | -31.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | - | €74,368 | +€74,368 | |
| Issued capital | 100 | - | €74,368 | +€74,368 | |
| Reserves | 13 | €290,036 | €290,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €282,599 | €282,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,612,188 | €3,719,881 | -€1.9m | -33.7% |
| Provisions and deferred taxes | 16 | €525,062 | €767,146 | +€242,084 | +46.1% |
| Provisions for liabilities and charges | 160/5 | €525,062 | €767,146 | +€242,084 | +46.1% |
| Other liabilities and charges | 164/5 | €525,062 | €767,146 | +€242,084 | +46.1% |
| Amounts payable | 17/49 | €16,443,176 | €10,355,812 | -€6.1m | -37.0% |
| Amounts payable within one year | 42/48 | €16,435,676 | €10,328,312 | -€6.1m | -37.2% |
| Trade debts | 44 | €70,804 | €2,323,013 | +€2.3m | +3180.9% |
| Suppliers | 440/4 | €70,804 | €2,323,013 | +€2.3m | +3180.9% |
| Advances received on contracts in progress | 46 | €1,113,767 | €573,406 | -€540,361 | -48.5% |
| Taxes, remuneration and social security | 45 | €5,132,555 | €4,912,265 | -€220,290 | -4.3% |
| Taxes | 450/3 | €4,113,001 | €3,816,408 | -€296,593 | -7.2% |
| Remuneration and social security | 454/9 | €1,019,554 | €1,095,857 | +€76,303 | +7.5% |
| Other amounts payable | 47/48 | €10,118,550 | €2,519,628 | -€7.6m | -75.1% |
| Accrued charges and deferred income | 492/3 | €7,500 | €27,500 | +€20,000 | +266.7% |
| Operating income | 70/76A | €50,129,344 | €40,194,277 | -€9.9m | -19.8% |
| Turnover | 70 | €37,599,470 | €27,622,959 | -€10.0m | -26.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€587,920 | €1,957,093 | +€2.5m | |
| Non-recurring operating income | 76A | €13,117,794 | €10,614,225 | -€2.5m | -19.1% |
| Operating charges | 60/66A | €35,801,073 | €39,613,898 | +€3.8m | +10.7% |
| Goods for resale, raw materials and consumables | 60 | €26,813,711 | €22,792,829 | -€4.0m | -15.0% |
| Purchases | 600/8 | €25,144,531 | €21,945,309 | -€3.2m | -12.7% |
| Change in stocks: decrease (increase) | 609 | €1,669,180 | €847,520 | -€821,660 | -49.2% |
| Services and other goods | 61 | €1,868,221 | €1,571,415 | -€296,806 | -15.9% |
| Remuneration, social security and pensions | 62 | €7,003,394 | €5,267,918 | -€1.7m | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,749 | €93,507 | -€26,242 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€84,620 | -€1,915,168 | -€1.8m | -2163.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,750 | €27,773 | +€6,023 | +27.7% |
| Other operating charges | 640/8 | €1,728 | €1,680 | -€48 | -2.8% |
| Non-recurring operating charges | 66A | €57,140 | €11,773,944 | +€11.7m | +20505.4% |
| Operating profit (loss) | 9901 | €14,328,271 | €580,379 | -€13.7m | -95.9% |
| Financial income | 75/76B | €105,285 | €194,676 | +€89,391 | +84.9% |
| Recurring financial income | 75 | €105,285 | €194,676 | +€89,391 | +84.9% |
| Other financial income | 752/9 | €105,285 | €194,676 | +€89,391 | +84.9% |
| Financial charges | 65/66B | €24,927 | €18,374 | -€6,553 | -26.3% |
| Recurring financial charges | 65 | €24,927 | €18,374 | -€6,553 | -26.3% |
| Other financial charges | 652/9 | €24,927 | €18,374 | -€6,553 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €14,408,629 | €756,681 | -€13.7m | -94.7% |
| Income taxes | 67/77 | €4,212,403 | €148,988 | -€4.1m | -96.5% |
| Taxes | 670/3 | €4,212,403 | €1,179,664 | -€3.0m | -72.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,030,676 | +€1.0m | |
| Profit (loss) for the period | 9904 | €10,196,226 | €607,693 | -€9.6m | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,196,226 | €607,693 | -€9.6m | -94.0% |
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 2 October 2026 via checked.be.