SICMMA: what changed
Two financial 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.
SICMMA
Largest movements
- Tangible fixed assets +€338,979
up €338,979 (+45.1%), from €751,815 to €1.1m
- Receivables within one year +€85,241
up €85,241 (+6,756%), from €1,262 to €86,503
- Debts after one year +€398,357
up €398,357 (+67.8%), from €587,936 to €986,293
- Reserves +€31,444
up €31,444 (+28.4%), from €110,584 to €142,028
- Tax, wage and social debts -€17,027
down €17,027 (-76.3%), from €22,319 to €5,292
- Taxes -€13,647
down €13,647 (-81.3%), from €16,792 to €3,144
- Gross operating margin -€8,724
down €8,724 (-8.1%), from €107,952 to €99,228
- Financial charges +€7,725
up €7,725 (+95.0%), from €8,129 to €15,853
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.
Derived cash bridge
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 | €771,763 | €1,185,013 | +€413,250 | +53.5% |
| Fixed assets | 21/28 | €751,815 | €1,090,794 | +€338,979 | +45.1% |
| Tangible fixed assets | 22/27 | €751,815 | €1,090,794 | +€338,979 | +45.1% |
| Land and buildings | 22 | €751,815 | €1,090,794 | +€338,979 | +45.1% |
| Current assets | 29/58 | €19,948 | €94,219 | +€74,271 | +372% |
| Amounts receivable within one year | 40/41 | €1,262 | €86,503 | +€85,241 | +6,756% |
| Other amounts receivable | 41 | €1,262 | €86,503 | +€85,241 | +6,756% |
| Cash at bank and in hand | 54/58 | €18,195 | €7,101 | -€11,094 | -61.0% |
| Deferred charges and accrued income | 490/1 | €491 | €615 | +€124 | +25.3% |
| Total equity and liabilities | 10/49 | €771,763 | €1,185,013 | +€413,250 | +53.5% |
| Equity | 10/15 | €112,584 | €144,028 | +€31,444 | +27.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €110,584 | €142,028 | +€31,444 | +28.4% |
| Distributable reserves | 133 | €110,584 | €142,028 | +€31,444 | +28.4% |
| Amounts payable | 17/49 | €659,179 | €1,040,985 | +€381,806 | +57.9% |
| Amounts payable after more than one year | 17 | €587,936 | €986,293 | +€398,357 | +67.8% |
| Financial debts | 170/4 | €587,936 | €986,293 | +€398,357 | +67.8% |
| Amounts payable within one year | 42/48 | €71,242 | €54,691 | -€16,551 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €48,659 | €49,400 | +€740 | +1.5% |
| Trade debts | 44 | €264 | - | -€264 | |
| Suppliers | 440/4 | €264 | - | -€264 | |
| Taxes, remuneration and social security | 45 | €22,319 | €5,292 | -€17,027 | -76.3% |
| Taxes | 450/3 | €22,319 | €5,292 | -€17,027 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,813 | €40,583 | +€770 | +1.9% |
| Other operating charges | 640/8 | €7,237 | €8,204 | +€967 | +13.4% |
| Gross operating margin | 9900 | €107,952 | €99,228 | -€8,724 | -8.1% |
| Operating profit (loss) | 9901 | €60,902 | €50,442 | -€10,461 | -17.2% |
| Financial charges | 65/66B | €8,129 | €15,853 | +€7,725 | +95.0% |
| Recurring financial charges | 65 | €8,129 | €15,853 | +€7,725 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €52,774 | €34,588 | -€18,185 | -34.5% |
| Income taxes | 67/77 | €16,792 | €3,144 | -€13,647 | -81.3% |
| Profit (loss) for the period | 9904 | €35,982 | €31,444 | -€4,538 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,982 | €31,444 | -€4,538 | -12.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.