Szikhub: 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.
Szikhub
Largest movements
- Cash -€88,569
down €88,569 (-53.3%), from €166,204 to €77,635
mainly Other debts (-€150,429) and Contributions, distributions and other (-€65,689)
- Current investments -€68,108
down €68,108 (-79.6%), from €85,519 to €17,412
- Receivables within one year +€18,077
up €18,077 (+31.2%), from €57,935 to €76,012
of which Trade receivables: +€18,077
- Tangible fixed assets -€13,463
down €13,463 (-35.4%), from €38,074 to €24,611
of which Furniture and vehicles: -€12,252
- Other debts -€150,429
down €150,429 (-50.5%), from €297,776 to €147,347
- Debts after one year -€9,324
down €9,324 (-49.7%), from €18,767 to €9,444
- Trade debts +€4,649
up €4,649 (+203.8%), from €2,281 to €6,930
- Gross operating margin +€9,681
up €9,681 (+11.2%), from €86,353 to €96,034
- Depreciation +€8,395
up €8,395 (+165.7%), from €5,068 to €13,463
- Financial income +€3,944
up €3,944 (+3972.5%), from €99 to €4,043
- Taxes +€1,142
up €1,142 (+6.4%), from €17,807 to €18,949
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 | €349,196 | €196,696 | -€152,500 | -43.7% |
| Fixed assets | 21/28 | €38,074 | €24,611 | -€13,463 | -35.4% |
| Tangible fixed assets | 22/27 | €38,074 | €24,611 | -€13,463 | -35.4% |
| Plant, machinery and equipment | 23 | €546 | €144 | -€402 | -73.6% |
| Furniture and vehicles | 24 | €32,931 | €20,679 | -€12,252 | -37.2% |
| Other tangible fixed assets | 26 | €4,597 | €3,788 | -€809 | -17.6% |
| Current assets | 29/58 | €311,122 | €172,085 | -€139,037 | -44.7% |
| Amounts receivable within one year | 40/41 | €57,935 | €76,012 | +€18,077 | +31.2% |
| Trade receivables | 40 | €55,742 | €73,818 | +€18,077 | +32.4% |
| Other amounts receivable | 41 | €2,193 | €2,193 | = | 0.0% |
| Current investments | 50/53 | €85,519 | €17,412 | -€68,108 | -79.6% |
| Cash at bank and in hand | 54/58 | €166,204 | €77,635 | -€88,569 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,027 | -€436 | -29.8% |
| Total equity and liabilities | 10/49 | €349,196 | €196,696 | -€152,500 | -43.7% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €348,196 | €195,696 | -€152,500 | -43.8% |
| Amounts payable after more than one year | 17 | €18,767 | €9,444 | -€9,324 | -49.7% |
| Financial debts | 170/4 | €18,767 | €9,444 | -€9,324 | -49.7% |
| Amounts payable within one year | 42/48 | €329,428 | €186,252 | -€143,176 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €10,153 | €9,324 | -€829 | -8.2% |
| Trade debts | 44 | €2,281 | €6,930 | +€4,649 | +203.8% |
| Suppliers | 440/4 | €2,281 | €6,930 | +€4,649 | +203.8% |
| Taxes, remuneration and social security | 45 | €19,218 | €22,651 | +€3,433 | +17.9% |
| Taxes | 450/3 | €19,218 | €22,651 | +€3,433 | +17.9% |
| Other amounts payable | 47/48 | €297,776 | €147,347 | -€150,429 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,068 | €13,463 | +€8,395 | +165.7% |
| Other operating charges | 640/8 | €560 | €647 | +€87 | +15.6% |
| Gross operating margin | 9900 | €86,353 | €96,034 | +€9,681 | +11.2% |
| Operating profit (loss) | 9901 | €80,725 | €81,924 | +€1,199 | +1.5% |
| Financial income | 75/76B | €99 | €4,043 | +€3,944 | +3972.5% |
| Recurring financial income | 75 | €99 | €4,043 | +€3,944 | +3972.5% |
| Financial charges | 65/66B | €519 | €1,329 | +€810 | +156.1% |
| Recurring financial charges | 65 | €519 | €1,329 | +€810 | +156.1% |
| Profit (loss) for the period before taxes | 9903 | €80,306 | €84,638 | +€4,332 | +5.4% |
| Income taxes | 67/77 | €17,807 | €18,949 | +€1,142 | +6.4% |
| Profit (loss) for the period | 9904 | €62,499 | €65,689 | +€3,190 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,499 | €65,689 | +€3,190 | +5.1% |
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 12 October 2026 via checked.be.