SIKEM: 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.
SIKEM
Largest movements
- Cash -€147,812
down €147,812 (-70.8%), from €208,673 to €60,861
mainly Other debts (-€92,509) and Receivables within one year (-€63,329)
- Receivables within one year +€63,329
up €63,329 (+36.9%), from €171,745 to €235,074
of which Trade receivables: +€70,843
- Tangible fixed assets +€11,069
up €11,069 (+21.6%), from €51,239 to €62,308
of which Furniture and vehicles: +€11,623
- Other debts -€92,509
down €92,509 (-44.6%), from €207,214 to €114,706
- Reserves +€37,000
up €37,000 (+18.3%), from €202,579 to €239,579
- Trade debts -€20,104
down €20,104 (-33.2%), from €60,490 to €40,386
- Debts after one year -€17,216
down €17,216 (-62.4%), from €27,581 to €10,364
- Gross operating margin +€37,826
up €37,826 (+71.2%), from €53,147 to €90,974
- Taxes +€11,259
up €11,259 (+106.0%), from €10,625 to €21,884
- Depreciation +€7,900
up €7,900 (+131.0%), from €6,032 to €13,931
- Other operating charges -€3,528
down €3,528 (-63.8%), from €5,529 to €2,001
- Financial charges +€2,902
up €2,902 (+26.5%), from €10,961 to €13,863
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,156 | €475,091 | -€81,065 | -14.6% |
| Fixed assets | 21/28 | €51,449 | €62,518 | +€11,069 | +21.5% |
| Tangible fixed assets | 22/27 | €51,239 | €62,308 | +€11,069 | +21.6% |
| Land and buildings | 22 | €554 | - | -€554 | |
| Furniture and vehicles | 24 | €50,685 | €62,308 | +€11,623 | +22.9% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €504,707 | €412,573 | -€92,134 | -18.3% |
| Stocks and contracts in progress | 3 | €105,690 | €102,520 | -€3,170 | -3.0% |
| Stocks | 30/36 | €105,690 | €102,520 | -€3,170 | -3.0% |
| Amounts receivable within one year | 40/41 | €171,745 | €235,074 | +€63,329 | +36.9% |
| Trade receivables | 40 | €162,767 | €233,610 | +€70,843 | +43.5% |
| Other amounts receivable | 41 | €8,977 | €1,464 | -€7,513 | -83.7% |
| Cash at bank and in hand | 54/58 | €208,673 | €60,861 | -€147,812 | -70.8% |
| Deferred charges and accrued income | 490/1 | €18,600 | €14,118 | -€4,481 | -24.1% |
| Total equity and liabilities | 10/49 | €556,156 | €475,091 | -€81,065 | -14.6% |
| Equity | 10/15 | €222,182 | €261,481 | +€39,299 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,579 | €239,579 | +€37,000 | +18.3% |
| Distributable reserves | 133 | €202,579 | €239,579 | +€37,000 | +18.3% |
| Profit (loss) carried forward | 14 | €1,003 | €3,302 | +€2,299 | +229.3% |
| Amounts payable | 17/49 | €333,975 | €213,610 | -€120,364 | -36.0% |
| Amounts payable after more than one year | 17 | €27,581 | €10,364 | -€17,216 | -62.4% |
| Financial debts | 170/4 | €27,581 | €10,364 | -€17,216 | -62.4% |
| Amounts payable within one year | 42/48 | €296,294 | €192,528 | -€103,766 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €16,544 | €17,216 | +€672 | +4.1% |
| Financial debts | 43 | - | €3,152 | +€3,152 | |
| Credit institutions | 430/8 | - | €3,152 | +€3,152 | |
| Trade debts | 44 | €60,490 | €40,386 | -€20,104 | -33.2% |
| Suppliers | 440/4 | €60,490 | €40,386 | -€20,104 | -33.2% |
| Taxes, remuneration and social security | 45 | €12,045 | €17,069 | +€5,023 | +41.7% |
| Taxes | 450/3 | €12,045 | €17,069 | +€5,023 | +41.7% |
| Other amounts payable | 47/48 | €207,214 | €114,706 | -€92,509 | -44.6% |
| Accrued charges and deferred income | 492/3 | €10,100 | €10,718 | +€618 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,032 | €13,931 | +€7,900 | +131.0% |
| Other operating charges | 640/8 | €5,529 | €2,001 | -€3,528 | -63.8% |
| Gross operating margin | 9900 | €53,147 | €90,974 | +€37,826 | +71.2% |
| Operating profit (loss) | 9901 | €41,587 | €75,041 | +€33,455 | +80.4% |
| Financial income | 75/76B | €2 | €5 | +€3 | +150.5% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +150.5% |
| Financial charges | 65/66B | €10,961 | €13,863 | +€2,902 | +26.5% |
| Recurring financial charges | 65 | €10,961 | €13,863 | +€2,902 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €30,628 | €61,183 | +€30,556 | +99.8% |
| Income taxes | 67/77 | €10,625 | €21,884 | +€11,259 | +106.0% |
| Profit (loss) for the period | 9904 | €20,003 | €39,299 | +€19,296 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,003 | €39,299 | +€19,296 | +96.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.