SICOGI: 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.
SICOGI
Largest movements
- Cash +€39,880
up €39,880 (+142.6%), from €27,966 to €67,846
mainly Tax, wage and social debts (+€27,772) and Depreciation (+€18,021)
- Tangible fixed assets -€17,311
down €17,311 (-30.5%), from €56,780 to €39,469
of which Other tangible fixed assets: -€13,411
- Receivables within one year -€6,375
down €6,375 (-31.3%), from €20,370 to €13,995
of which Other amounts receivable: -€6,946
- Current investments +€2,949
up €2,949 (+1.7%), from €170,000 to €172,949
- Tax, wage and social debts +€27,772
up €27,772 (+53.3%), from €52,148 to €79,920
of which Remuneration and social security: +€30,240
- Profit (loss) carried forward -€15,910
down €15,910, from €3,863 to -€12,047
- Other debts +€7,351
up €7,351 (+9.7%), from €76,034 to €83,386
- Gross operating margin +€7,020
up €7,020, from -€5,775 to €1,245
- Depreciation +€1,148
up €1,148 (+6.8%), from €16,873 to €18,021
- Financial income +€889
up €889 (+86.4%), from €1,030 to €1,919
- Other operating charges -€239
down €239 (-36.6%), from €653 to €414
- Financial charges +€65
up €65 (+15.1%), from €429 to €494
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 | €275,825 | €294,259 | +€18,433 | +6.7% |
| Formation expenses | 20 | €709 | - | -€709 | |
| Fixed assets | 21/28 | €56,780 | €39,469 | -€17,311 | -30.5% |
| Tangible fixed assets | 22/27 | €56,780 | €39,469 | -€17,311 | -30.5% |
| Furniture and vehicles | 24 | €6,705 | €2,804 | -€3,900 | -58.2% |
| Other tangible fixed assets | 26 | €50,076 | €36,664 | -€13,411 | -26.8% |
| Current assets | 29/58 | €218,336 | €254,790 | +€36,454 | +16.7% |
| Amounts receivable within one year | 40/41 | €20,370 | €13,995 | -€6,375 | -31.3% |
| Trade receivables | 40 | €10,890 | €11,461 | +€571 | +5.2% |
| Other amounts receivable | 41 | €9,480 | €2,534 | -€6,946 | -73.3% |
| Current investments | 50/53 | €170,000 | €172,949 | +€2,949 | +1.7% |
| Cash at bank and in hand | 54/58 | €27,966 | €67,846 | +€39,880 | +142.6% |
| Total equity and liabilities | 10/49 | €275,825 | €294,259 | +€18,433 | +6.7% |
| Equity | 10/15 | €146,863 | €130,953 | -€15,910 | -10.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €83,000 | €83,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,863 | -€12,047 | -€15,910 | |
| Amounts payable | 17/49 | €128,963 | €163,306 | +€34,343 | +26.6% |
| Amounts payable within one year | 42/48 | €128,963 | €163,306 | +€34,343 | +26.6% |
| Trade debts | 44 | €780 | - | -€780 | |
| Suppliers | 440/4 | €780 | - | -€780 | |
| Taxes, remuneration and social security | 45 | €52,148 | €79,920 | +€27,772 | +53.3% |
| Taxes | 450/3 | €4,268 | €1,800 | -€2,468 | -57.8% |
| Remuneration and social security | 454/9 | €47,880 | €78,120 | +€30,240 | +63.2% |
| Other amounts payable | 47/48 | €76,034 | €83,386 | +€7,351 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,873 | €18,021 | +€1,148 | +6.8% |
| Other operating charges | 640/8 | €653 | €414 | -€239 | -36.6% |
| Gross operating margin | 9900 | -€5,775 | €1,245 | +€7,020 | |
| Operating profit (loss) | 9901 | -€23,301 | -€17,190 | +€6,111 | +26.2% |
| Financial income | 75/76B | €1,030 | €1,919 | +€889 | +86.4% |
| Recurring financial income | 75 | €1,030 | €1,919 | +€889 | +86.4% |
| Financial charges | 65/66B | €429 | €494 | +€65 | +15.1% |
| Recurring financial charges | 65 | €429 | €494 | +€65 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,701 | -€15,764 | +€6,936 | +30.6% |
| Income taxes | 67/77 | €155 | €145 | -€10 | -6.5% |
| Profit (loss) for the period | 9904 | -€22,856 | -€15,910 | +€6,946 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,856 | -€15,910 | +€6,946 | +30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.