SFIDA: 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.
SFIDA
Largest movements
- Receivables within one year +€56,789
up €56,789 (+447.8%), from €12,682 to €69,471
- Cash +€29,294
up €29,294 (+65.1%), from €45,019 to €74,313
mainly Net result for the year (+€80,502) and Depreciation (+€32,368)
- Tangible fixed assets -€21,542
down €21,542 (-6.5%), from €331,210 to €309,668
of which Land and buildings: -€14,491
- Reserves +€106,139
up €106,139 (+44.7%), from €237,265 to €343,403
- Profit (loss) carried forward -€25,636
down €25,636 (-100.0%), from €25,636 to €0
- Tax, wage and social debts +€21,311
up €21,311 (+260.1%), from €8,193 to €29,504
- Trade debts -€16,849
down €16,849 (-88.1%), from €19,121 to €2,272
- Other debts -€13,148
down €13,148 (-91.0%), from €14,447 to €1,298
- Gross operating margin +€122,343
up €122,343 (+363.9%), from €33,619 to €155,962
- Taxes +€39,425
up €39,425, from €0 to €39,425
- Depreciation +€3,492
up €3,492 (+12.1%), from €28,877 to €32,368
- Financial income +€1,848
up €1,848 (+202.1%), from €915 to €2,763
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 | €428,532 | €491,779 | +€63,247 | +14.8% |
| Fixed assets | 21/28 | €331,210 | €309,668 | -€21,542 | -6.5% |
| Tangible fixed assets | 22/27 | €331,210 | €309,668 | -€21,542 | -6.5% |
| Land and buildings | 22 | €284,169 | €269,678 | -€14,491 | -5.1% |
| Plant, machinery and equipment | 23 | €15,978 | €11,997 | -€3,982 | -24.9% |
| Furniture and vehicles | 24 | €31,062 | €27,993 | -€3,069 | -9.9% |
| Current assets | 29/58 | €97,322 | €182,111 | +€84,789 | +87.1% |
| Amounts receivable after more than one year | 29 | €30,401 | €27,854 | -€2,547 | -8.4% |
| Other amounts receivable | 291 | €30,401 | €27,854 | -€2,547 | -8.4% |
| Amounts receivable within one year | 40/41 | €12,682 | €69,471 | +€56,789 | +447.8% |
| Other amounts receivable | 41 | €12,682 | €69,471 | +€56,789 | +447.8% |
| Current investments | 50/53 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,019 | €74,313 | +€29,294 | +65.1% |
| Deferred charges and accrued income | 490/1 | €219 | €1,472 | +€1,252 | +570.6% |
| Total equity and liabilities | 10/49 | €428,532 | €491,779 | +€63,247 | +14.8% |
| Equity | 10/15 | €275,146 | €355,648 | +€80,502 | +29.3% |
| Contributions | 10/11 | €12,245 | €12,245 | = | 0.0% |
| Reserves | 13 | €237,265 | €343,403 | +€106,139 | +44.7% |
| Distributable reserves | 133 | €237,265 | €343,403 | +€106,139 | +44.7% |
| Profit (loss) carried forward | 14 | €25,636 | €0 | -€25,636 | -100.0% |
| Amounts payable | 17/49 | €153,387 | €136,131 | -€17,256 | -11.2% |
| Amounts payable after more than one year | 17 | €102,498 | €93,163 | -€9,335 | -9.1% |
| Financial debts | 170/4 | €102,498 | €93,163 | -€9,335 | -9.1% |
| Amounts payable within one year | 42/48 | €50,889 | €42,409 | -€8,480 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €9,129 | €9,335 | +€207 | +2.3% |
| Trade debts | 44 | €19,121 | €2,272 | -€16,849 | -88.1% |
| Suppliers | 440/4 | €19,121 | €2,272 | -€16,849 | -88.1% |
| Taxes, remuneration and social security | 45 | €8,193 | €29,504 | +€21,311 | +260.1% |
| Taxes | 450/3 | €8,193 | €29,504 | +€21,311 | +260.1% |
| Other amounts payable | 47/48 | €14,447 | €1,298 | -€13,148 | -91.0% |
| Accrued charges and deferred income | 492/3 | - | €559 | +€559 | |
| Non-recurring operating income | 76A | €774 | €14,500 | +€13,726 | +1773.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,877 | €32,368 | +€3,492 | +12.1% |
| Other operating charges | 640/8 | €2,600 | €2,959 | +€359 | +13.8% |
| Gross operating margin | 9900 | €33,619 | €155,962 | +€122,343 | +363.9% |
| Operating profit (loss) | 9901 | €2,142 | €120,635 | +€118,492 | +5530.7% |
| Financial income | 75/76B | €915 | €2,763 | +€1,848 | +202.1% |
| Recurring financial income | 75 | €915 | €2,763 | +€1,848 | +202.1% |
| Financial charges | 65/66B | €4,117 | €3,470 | -€647 | -15.7% |
| Recurring financial charges | 65 | €3,408 | €3,470 | +€62 | +1.8% |
| Non-recurring financial charges | 66B | €709 | €0 | -€709 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,060 | €119,928 | +€120,988 | |
| Income taxes | 67/77 | €0 | €39,425 | +€39,425 | |
| Profit (loss) for the period | 9904 | -€1,060 | €80,502 | +€81,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,060 | €80,502 | +€81,563 |
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 9 October 2026 via checked.be.