Sico: 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.
Sico
Largest movements
- Tangible fixed assets -€5,504
down €5,504 (-84.7%), from €6,502 to €998
of which Furniture and vehicles: -€5,461
- Receivables within one year +€2,069
up €2,069 (+19.6%), from €10,579 to €12,648
- Debts after one year -€5,115
no longer reported in 2025 (was €5,115)
- Tax, wage and social debts +€2,171
up €2,171 (+30.6%), from €7,090 to €9,261
- Taxes +€24,000
up €24,000, from -€12,000 to €12,000
- Gross operating margin +€14,633
up €14,633 (+30.2%), from €48,415 to €63,048
- Depreciation -€8,402
down €8,402 (-57.2%), from €14,691 to €6,289
- Turnover -€8,394
down €8,394 (-7.2%), from €116,853 to €108,459
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 | €122,217 | €118,879 | -€3,338 | -2.7% |
| Fixed assets | 21/28 | €6,502 | €998 | -€5,504 | -84.7% |
| Tangible fixed assets | 22/27 | €6,502 | €998 | -€5,504 | -84.7% |
| Furniture and vehicles | 24 | €6,459 | €998 | -€5,461 | -84.5% |
| Other tangible fixed assets | 26 | €43 | - | -€43 | |
| Current assets | 29/58 | €115,715 | €117,881 | +€2,166 | +1.9% |
| Stocks and contracts in progress | 3 | €2,345 | €2,345 | = | 0.0% |
| Stocks | 30/36 | €2,345 | €2,345 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,579 | €12,648 | +€2,069 | +19.6% |
| Trade receivables | 40 | €10,579 | €12,648 | +€2,069 | +19.6% |
| Cash at bank and in hand | 54/58 | €102,791 | €102,888 | +€97 | +0.1% |
| Total equity and liabilities | 10/49 | €122,217 | €118,879 | -€3,338 | -2.7% |
| Equity | 10/15 | €78,506 | €78,506 | = | 0.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Outside capital | 11 | €37,184 | €37,184 | = | 0.0% |
| Other | 1109/19 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €41,322 | €41,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Distributable reserves | 133 | €37,603 | €37,603 | = | 0.0% |
| Amounts payable | 17/49 | €43,711 | €40,373 | -€3,338 | -7.6% |
| Amounts payable after more than one year | 17 | €5,115 | - | -€5,115 | |
| Financial debts | 170/4 | €5,115 | - | -€5,115 | |
| Amounts payable within one year | 42/48 | €38,596 | €40,373 | +€1,777 | +4.6% |
| Trade debts | 44 | €411 | €631 | +€220 | +53.5% |
| Suppliers | 440/4 | €411 | €631 | +€220 | +53.5% |
| Taxes, remuneration and social security | 45 | €7,090 | €9,261 | +€2,171 | +30.6% |
| Taxes | 450/3 | €7,090 | €9,261 | +€2,171 | +30.6% |
| Other amounts payable | 47/48 | €31,095 | €30,481 | -€614 | -2.0% |
| Turnover | 70 | €116,853 | €108,459 | -€8,394 | -7.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,983 | €45,410 | +€427 | +0.9% |
| Remuneration, social security and pensions | 62 | €1,146 | €1,128 | -€18 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,691 | €6,289 | -€8,402 | -57.2% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €48,415 | €63,048 | +€14,633 | +30.2% |
| Operating profit (loss) | 9901 | €32,516 | €55,569 | +€23,053 | +70.9% |
| Financial charges | 65/66B | €94 | €24 | -€70 | -74.5% |
| Recurring financial charges | 65 | €94 | €24 | -€70 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €32,422 | €55,545 | +€23,123 | +71.3% |
| Income taxes | 67/77 | -€12,000 | €12,000 | +€24,000 | |
| Profit (loss) for the period | 9904 | €44,422 | €43,545 | -€877 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,422 | €43,545 | -€877 | -2.0% |
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 8 October 2026 via checked.be.