SIKA-FEN: 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.
SIKA-FEN
Largest movements
- Cash -€14,199
down €14,199 (-11.2%), from €127,177 to €112,978
mainly Trade debts (-€21,052) and Tax, wage and social debts (-€20,328)
- Receivables within one year +€8,077
up €8,077 (+12.9%), from €62,443 to €70,520
of which Trade receivables: +€11,570
- Tangible fixed assets +€3,742
up €3,742 (+580%), from €645 to €4,388
of which Furniture and vehicles: +€3,742
- Advances received +€22,132
new in 2025: €22,132
- Trade debts -€21,052
down €21,052 (-66.5%), from €31,662 to €10,610
- Tax, wage and social debts -€20,328
down €20,328 (-66.1%), from €30,748 to €10,420
- Profit (loss) carried forward +€12,829
up €12,829 (+19.1%), from €67,079 to €79,908
- Other debts +€2,577
up €2,577 (+12.4%), from €20,861 to €23,438
- Turnover -€197,871
down €197,871 (-27.2%), from €728,624 to €530,753
- Purchases and services -€167,774
down €167,774 (-25.2%), from €666,833 to €499,059
- Gross operating margin -€76,732
down €76,732 (-68.8%), from €111,593 to €34,861
- Taxes -€18,545
down €18,545 (-67.3%), from €27,573 to €9,028
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 | €200,809 | €196,968 | -€3,842 | -1.9% |
| Fixed assets | 21/28 | €4,440 | €8,182 | +€3,742 | +84.3% |
| Tangible fixed assets | 22/27 | €645 | €4,388 | +€3,742 | +580% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €645 | €4,388 | +€3,742 | +580% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,794 | €3,794 | = | 0.0% |
| Current assets | 29/58 | €196,370 | €188,786 | -€7,584 | -3.9% |
| Stocks and contracts in progress | 3 | €6,750 | €5,288 | -€1,462 | -21.7% |
| Stocks | 30/36 | €6,750 | €5,288 | -€1,462 | -21.7% |
| Amounts receivable within one year | 40/41 | €62,443 | €70,520 | +€8,077 | +12.9% |
| Trade receivables | 40 | €58,557 | €70,127 | +€11,570 | +19.8% |
| Other amounts receivable | 41 | €3,885 | €393 | -€3,493 | -89.9% |
| Cash at bank and in hand | 54/58 | €127,177 | €112,978 | -€14,199 | -11.2% |
| Total equity and liabilities | 10/49 | €200,809 | €196,968 | -€3,842 | -1.9% |
| Equity | 10/15 | €117,539 | €130,368 | +€12,829 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,079 | €79,908 | +€12,829 | +19.1% |
| Amounts payable | 17/49 | €83,271 | €66,600 | -€16,671 | -20.0% |
| Amounts payable within one year | 42/48 | €83,271 | €66,600 | -€16,671 | -20.0% |
| Trade debts | 44 | €31,662 | €10,610 | -€21,052 | -66.5% |
| Suppliers | 440/4 | €31,662 | €10,610 | -€21,052 | -66.5% |
| Advances received on contracts in progress | 46 | - | €22,132 | +€22,132 | |
| Taxes, remuneration and social security | 45 | €30,748 | €10,420 | -€20,328 | -66.1% |
| Taxes | 450/3 | €30,748 | €10,420 | -€20,328 | -66.1% |
| Other amounts payable | 47/48 | €20,861 | €23,438 | +€2,577 | +12.4% |
| Turnover | 70 | €728,624 | €530,753 | -€197,871 | -27.2% |
| Non-recurring operating income | 76A | €46,430 | - | -€46,430 | |
| Goods, raw materials, services and sundry goods | 60/61 | €666,833 | €499,059 | -€167,774 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €1,389 | +€833 | +150% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,757 | €1,110 | -€6,647 | -85.7% |
| Gross operating margin | 9900 | €111,593 | €34,861 | -€76,732 | -68.8% |
| Operating profit (loss) | 9901 | €103,280 | €32,362 | -€70,918 | -68.7% |
| Financial income | 75/76B | €61 | €1 | -€59 | -98.1% |
| Recurring financial income | 75 | €61 | €1 | -€59 | -98.1% |
| Financial charges | 65/66B | €1,087 | €506 | -€582 | -53.5% |
| Recurring financial charges | 65 | €1,087 | €506 | -€582 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €102,253 | €31,857 | -€70,396 | -68.8% |
| Income taxes | 67/77 | €27,573 | €9,028 | -€18,545 | -67.3% |
| Profit (loss) for the period | 9904 | €74,681 | €22,829 | -€51,851 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,681 | €22,829 | -€51,851 | -69.4% |
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 20 October 2026 via checked.be.