S.I.D. GATELIER: 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.
S.I.D. GATELIER
Largest movements
- Receivables within one year -€61,776
down €61,776 (-42.0%), from €146,947 to €85,171
of which Other amounts receivable: -€62,256
- Cash +€51,572
up €51,572 (+564%), from €9,146 to €60,719
mainly Receivables within one year (+€61,776) and Other debts (+€43,634)
- Receivables after one year -€30,000
down €30,000 (-55.0%), from €54,500 to €24,500
- Deferred charges and accrued income +€12,947
up €12,947 (+41.5%), from €31,223 to €44,170
- Financial fixed assets +€8,333
up €8,333 (+6.7%), from €125,000 to €133,333
- Reserves -€54,951
down €54,951 (-19.7%), from €278,946 to €223,995
of which Distributable reserves: -€54,951
- Other debts +€43,634
up €43,634 (+208%), from €21,000 to €64,634
- Trade debts +€32,936
up €32,936 (+448%), from €7,349 to €40,285
- Accrued charges and deferred income -€27,906
no longer reported in 2025 (was €27,906)
- Current portion of long-term debt -€7,217
no longer reported in 2025 (was €7,217)
- Financial charges +€42,223
up €42,223 (+1,628%), from €2,593 to €44,816
- Gross operating margin +€14,554
up €14,554 (+33.9%), from €42,891 to €57,445
- Taxes -€5,969
down €5,969 (-52.9%), from €11,292 to €5,322
- Financial income +€3,313
up €3,313 (+3,313%), from €100 to €3,413
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 | €369,140 | €350,150 | -€18,991 | -5.1% |
| Fixed assets | 21/28 | €127,325 | €135,590 | +€8,266 | +6.5% |
| Tangible fixed assets | 22/27 | €2,325 | €2,257 | -€68 | -2.9% |
| Furniture and vehicles | 24 | €2,325 | €2,257 | -€68 | -2.9% |
| Financial fixed assets | 28 | €125,000 | €133,333 | +€8,333 | +6.7% |
| Current assets | 29/58 | €241,816 | €214,559 | -€27,256 | -11.3% |
| Amounts receivable after more than one year | 29 | €54,500 | €24,500 | -€30,000 | -55.0% |
| Other amounts receivable | 291 | €54,500 | €24,500 | -€30,000 | -55.0% |
| Amounts receivable within one year | 40/41 | €146,947 | €85,171 | -€61,776 | -42.0% |
| Trade receivables | 40 | - | €480 | +€480 | |
| Other amounts receivable | 41 | €146,947 | €84,691 | -€62,256 | -42.4% |
| Cash at bank and in hand | 54/58 | €9,146 | €60,719 | +€51,572 | +564% |
| Deferred charges and accrued income | 490/1 | €31,223 | €44,170 | +€12,947 | +41.5% |
| Total equity and liabilities | 10/49 | €369,140 | €350,150 | -€18,991 | -5.1% |
| Equity | 10/15 | €287,146 | €232,195 | -€54,951 | -19.1% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €278,946 | €223,995 | -€54,951 | -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 | €277,086 | €222,135 | -€54,951 | -19.8% |
| Amounts payable | 17/49 | €81,994 | €117,955 | +€35,960 | +43.9% |
| Amounts payable within one year | 42/48 | €54,088 | €117,955 | +€63,866 | +118% |
| Current portion of amounts payable after more than one year | 42 | €7,217 | - | -€7,217 | |
| Trade debts | 44 | €7,349 | €40,285 | +€32,936 | +448% |
| Suppliers | 440/4 | €7,349 | €40,285 | +€32,936 | +448% |
| Taxes, remuneration and social security | 45 | €18,522 | €13,036 | -€5,486 | -29.6% |
| Taxes | 450/3 | €15,722 | €13,036 | -€2,686 | -17.1% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €21,000 | €64,634 | +€43,634 | +208% |
| Accrued charges and deferred income | 492/3 | €27,906 | - | -€27,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €773 | -€101 | -11.5% |
| Other operating charges | 640/8 | €708 | €541 | -€167 | -23.6% |
| Non-recurring operating charges | 66A | €900 | - | -€900 | |
| Gross operating margin | 9900 | €42,891 | €57,445 | +€14,554 | +33.9% |
| Operating profit (loss) | 9901 | €40,409 | €56,131 | +€15,722 | +38.9% |
| Financial income | 75/76B | €100 | €3,413 | +€3,313 | +3,313% |
| Recurring financial income | 75 | €100 | €3,413 | +€3,313 | +3,313% |
| Financial charges | 65/66B | €2,593 | €44,816 | +€42,223 | +1,628% |
| Recurring financial charges | 65 | €2,593 | €44,816 | +€42,223 | +1,628% |
| Profit (loss) for the period before taxes | 9903 | €37,916 | €14,728 | -€23,189 | -61.2% |
| Income taxes | 67/77 | €11,292 | €5,322 | -€5,969 | -52.9% |
| Profit (loss) for the period | 9904 | €26,625 | €9,406 | -€17,219 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,625 | €9,406 | -€17,219 | -64.7% |
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 21 October 2026 via checked.be.