SIKKEMA: 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.
SIKKEMA
Largest movements
- Cash +€59,631
up €59,631 (+147%), from €40,547 to €100,178
mainly Net result for the year (+€62,958) and Receivables within one year (+€14,888)
- Stocks and contracts +€29,623
up €29,623 (+17.9%), from €165,187 to €194,810
- Receivables within one year -€14,888
down €14,888 (-56.4%), from €26,381 to €11,493
of which Trade receivables: -€19,776
- Tangible fixed assets -€8,769
down €8,769 (-24.6%), from €35,580 to €26,811
- Profit (loss) carried forward +€62,958
up €62,958 (+78.5%), from -€80,222 to -€17,264
- Trade debts -€5,055
down €5,055 (-36.6%), from €13,810 to €8,755
- Accrued charges and deferred income +€4,500
up €4,500 (+28.8%), from €15,617 to €20,117
- Gross operating margin +€187,150
up €187,150 (+216%), from €86,473 to €273,623
- Staff costs +€19,803
up €19,803 (+11.5%), from €172,359 to €192,163
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 | €298,960 | €363,696 | +€64,735 | +21.7% |
| Fixed assets | 21/28 | €63,813 | €54,911 | -€8,902 | -14.0% |
| Intangible fixed assets | 21 | €543 | €410 | -€133 | -24.5% |
| Tangible fixed assets | 22/27 | €35,580 | €26,811 | -€8,769 | -24.6% |
| Plant, machinery and equipment | 23 | €10,731 | €7,985 | -€2,745 | -25.6% |
| Furniture and vehicles | 24 | €10,885 | €7,140 | -€3,745 | -34.4% |
| Other tangible fixed assets | 26 | €13,964 | €11,685 | -€2,279 | -16.3% |
| Financial fixed assets | 28 | €27,690 | €27,690 | = | 0.0% |
| Current assets | 29/58 | €235,147 | €308,785 | +€73,638 | +31.3% |
| Stocks and contracts in progress | 3 | €165,187 | €194,810 | +€29,623 | +17.9% |
| Stocks | 30/36 | €165,187 | €194,810 | +€29,623 | +17.9% |
| Amounts receivable within one year | 40/41 | €26,381 | €11,493 | -€14,888 | -56.4% |
| Trade receivables | 40 | €24,920 | €5,144 | -€19,776 | -79.4% |
| Other amounts receivable | 41 | €1,461 | €6,349 | +€4,888 | +335% |
| Cash at bank and in hand | 54/58 | €40,547 | €100,178 | +€59,631 | +147% |
| Deferred charges and accrued income | 490/1 | €3,032 | €2,304 | -€729 | -24.0% |
| Total equity and liabilities | 10/49 | €298,960 | €363,696 | +€64,735 | +21.7% |
| Equity | 10/15 | -€61,622 | €1,336 | +€62,958 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€80,222 | -€17,264 | +€62,958 | +78.5% |
| Amounts payable | 17/49 | €360,582 | €362,360 | +€1,777 | +0.5% |
| Amounts payable after more than one year | 17 | €272,500 | €272,500 | = | 0.0% |
| Financial debts | 170/4 | €272,500 | €272,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,465 | €69,742 | -€2,723 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €313 | €151 | -€162 | -51.8% |
| Credit institutions | 430/8 | €313 | €151 | -€162 | -51.8% |
| Trade debts | 44 | €13,810 | €8,755 | -€5,055 | -36.6% |
| Suppliers | 440/4 | €13,810 | €8,755 | -€5,055 | -36.6% |
| Taxes, remuneration and social security | 45 | €51,938 | €52,512 | +€574 | +1.1% |
| Taxes | 450/3 | €17,714 | €15,133 | -€2,581 | -14.6% |
| Remuneration and social security | 454/9 | €34,225 | €37,379 | +€3,154 | +9.2% |
| Other amounts payable | 47/48 | €6,403 | €8,324 | +€1,921 | +30.0% |
| Accrued charges and deferred income | 492/3 | €15,617 | €20,117 | +€4,500 | +28.8% |
| Remuneration, social security and pensions | 62 | €172,359 | €192,163 | +€19,803 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,900 | €9,955 | +€1,055 | +11.9% |
| Other operating charges | 640/8 | €2,560 | €1,198 | -€1,362 | -53.2% |
| Gross operating margin | 9900 | €86,473 | €273,623 | +€187,150 | +216% |
| Operating profit (loss) | 9901 | -€97,346 | €70,307 | +€167,653 | |
| Financial income | 75/76B | €126 | €930 | +€804 | +639% |
| Recurring financial income | 75 | €126 | €930 | +€804 | +639% |
| Financial charges | 65/66B | €10,122 | €8,114 | -€2,008 | -19.8% |
| Recurring financial charges | 65 | €10,122 | €8,114 | -€2,008 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€107,342 | €63,123 | +€170,465 | |
| Income taxes | 67/77 | €140 | €165 | +€25 | +17.9% |
| Profit (loss) for the period | 9904 | -€107,482 | €62,958 | +€170,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,482 | €62,958 | +€170,440 |
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 17 October 2026 via checked.be.