SIKBOUW: 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.
SIKBOUW
Largest movements
- Receivables within one year +€7,710
up €7,710 (+10.3%), from €75,043 to €82,753
of which Trade receivables: +€7,564
- Tangible fixed assets -€5,429
down €5,429 (-5.7%), from €95,898 to €90,469
of which Land and buildings: -€4,911
- Deferred charges and accrued income -€3,568
down €3,568 (-100%), from €3,568 to €0
- Reserves +€16,695
up €16,695 (+19.7%), from €84,687 to €101,381
of which Distributable reserves: +€16,695
- Debts after one year -€11,381
down €11,381 (-44.6%), from €25,539 to €14,157
- Tax, wage and social debts -€8,621
down €8,621 (-36.0%), from €23,925 to €15,304
- Trade debts +€3,582
up €3,582 (+185%), from €1,934 to €5,516
- Depreciation -€2,973
down €2,973 (-35.4%), from €8,402 to €5,429
- Taxes +€1,785
up €1,785 (+21.2%), from €8,430 to €10,215
- Financial charges +€1,771
up €1,771 (+44.8%), from €3,952 to €5,723
- Gross operating margin -€1,009
down €1,009 (-2.5%), from €40,960 to €39,952
- Other operating charges +€741
up €741 (+45.5%), from €1,629 to €2,370
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,508 | €173,222 | -€1,286 | -0.7% |
| Fixed assets | 21/28 | €95,898 | €90,469 | -€5,429 | -5.7% |
| Tangible fixed assets | 22/27 | €95,898 | €90,469 | -€5,429 | -5.7% |
| Land and buildings | 22 | €95,062 | €90,151 | -€4,911 | -5.2% |
| Furniture and vehicles | 24 | €836 | €318 | -€518 | -61.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €78,610 | €82,753 | +€4,143 | +5.3% |
| Amounts receivable within one year | 40/41 | €75,043 | €82,753 | +€7,710 | +10.3% |
| Trade receivables | 40 | €54 | €7,618 | +€7,564 | +14,105% |
| Other amounts receivable | 41 | €74,989 | €75,135 | +€146 | +0.2% |
| Deferred charges and accrued income | 490/1 | €3,568 | €0 | -€3,568 | -100% |
| Total equity and liabilities | 10/49 | €174,508 | €173,222 | -€1,286 | -0.7% |
| Equity | 10/15 | €103,287 | €119,981 | +€16,695 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,687 | €101,381 | +€16,695 | +19.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,827 | €99,521 | +€16,695 | +20.2% |
| Amounts payable | 17/49 | €71,221 | €53,240 | -€17,981 | -25.2% |
| Amounts payable after more than one year | 17 | €25,539 | €14,157 | -€11,381 | -44.6% |
| Financial debts | 170/4 | €25,539 | €14,157 | -€11,381 | -44.6% |
| Amounts payable within one year | 42/48 | €44,894 | €39,083 | -€5,811 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,727 | €11,381 | +€654 | +6.1% |
| Financial debts | 43 | €8,307 | €6,881 | -€1,426 | -17.2% |
| Credit institutions | 430/8 | €8,307 | €6,881 | -€1,426 | -17.2% |
| Trade debts | 44 | €1,934 | €5,516 | +€3,582 | +185% |
| Suppliers | 440/4 | €1,934 | €5,516 | +€3,582 | +185% |
| Taxes, remuneration and social security | 45 | €23,925 | €15,304 | -€8,621 | -36.0% |
| Taxes | 450/3 | €23,925 | €15,304 | -€8,621 | -36.0% |
| Accrued charges and deferred income | 492/3 | €789 | €0 | -€789 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €5,429 | -€2,973 | -35.4% |
| Other operating charges | 640/8 | €1,629 | €2,370 | +€741 | +45.5% |
| Gross operating margin | 9900 | €40,960 | €39,952 | -€1,009 | -2.5% |
| Operating profit (loss) | 9901 | €30,930 | €32,153 | +€1,223 | +4.0% |
| Financial income | 75/76B | - | €479 | +€479 | |
| Recurring financial income | 75 | - | €479 | +€479 | |
| Financial charges | 65/66B | €3,952 | €5,723 | +€1,771 | +44.8% |
| Recurring financial charges | 65 | €3,952 | €5,723 | +€1,771 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €26,978 | €26,909 | -€68 | -0.3% |
| Income taxes | 67/77 | €8,430 | €10,215 | +€1,785 | +21.2% |
| Profit (loss) for the period | 9904 | €18,548 | €16,695 | -€1,853 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,548 | €16,695 | -€1,853 | -10.0% |
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 28 October 2026 via checked.be.