SID: 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.
SID
Largest movements
- Cash +€24,546
up €24,546 (+208.6%), from €11,766 to €36,312
mainly Depreciation (+€20,329) and Trade debts (+€10,517)
- Tangible fixed assets -€20,328
down €20,328 (-35.0%), from €58,038 to €37,710
of which Plant, machinery and equipment: -€11,976
- Receivables within one year -€6,196
down €6,196 (-62.5%), from €9,916 to €3,720
of which Trade receivables: -€7,000
- Profit (loss) carried forward -€11,628
down €11,628 (-146.0%), from -€7,962 to -€19,590
- Trade debts +€10,517
up €10,517 (+22.7%), from €46,349 to €56,866
- Gross operating margin -€8,667
down €8,667 (-18.6%), from €46,683 to €38,016
- Staff costs +€4,579
up €4,579 (+19.3%), from €23,678 to €28,257
- Depreciation -€954
down €954 (-4.5%), from €21,283 to €20,329
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 | €93,380 | €91,350 | -€2,030 | -2.2% |
| Fixed assets | 21/28 | €63,102 | €42,774 | -€20,328 | -32.2% |
| Tangible fixed assets | 22/27 | €58,038 | €37,710 | -€20,328 | -35.0% |
| Plant, machinery and equipment | 23 | €32,871 | €20,895 | -€11,976 | -36.4% |
| Furniture and vehicles | 24 | €10,661 | €5,806 | -€4,855 | -45.5% |
| Other tangible fixed assets | 26 | €14,506 | €11,008 | -€3,498 | -24.1% |
| Financial fixed assets | 28 | €5,064 | €5,064 | +€0 | 0.0% |
| Current assets | 29/58 | €30,278 | €48,576 | +€18,298 | +60.4% |
| Stocks and contracts in progress | 3 | €7,957 | €7,957 | +€0 | 0.0% |
| Stocks | 30/36 | €7,957 | €7,957 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €9,916 | €3,720 | -€6,196 | -62.5% |
| Trade receivables | 40 | €9,913 | €2,913 | -€7,000 | -70.6% |
| Other amounts receivable | 41 | €3 | €807 | +€804 | +26794.7% |
| Cash at bank and in hand | 54/58 | €11,766 | €36,312 | +€24,546 | +208.6% |
| Deferred charges and accrued income | 490/1 | €639 | €586 | -€53 | -8.3% |
| Total equity and liabilities | 10/49 | €93,380 | €91,350 | -€2,030 | -2.2% |
| Equity | 10/15 | -€7,462 | -€19,090 | -€11,628 | -155.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,962 | -€19,590 | -€11,628 | -146.0% |
| Amounts payable | 17/49 | €100,842 | €110,440 | +€9,598 | +9.5% |
| Amounts payable within one year | 42/48 | €100,842 | €110,440 | +€9,598 | +9.5% |
| Trade debts | 44 | €46,349 | €56,866 | +€10,517 | +22.7% |
| Suppliers | 440/4 | €46,349 | €56,866 | +€10,517 | +22.7% |
| Taxes, remuneration and social security | 45 | €4,055 | €3,163 | -€892 | -22.0% |
| Taxes | 450/3 | €954 | €95 | -€859 | -90.1% |
| Remuneration and social security | 454/9 | €3,101 | €3,068 | -€33 | -1.1% |
| Other amounts payable | 47/48 | €50,438 | €50,412 | -€26 | -0.1% |
| Remuneration, social security and pensions | 62 | €23,678 | €28,257 | +€4,579 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,283 | €20,329 | -€954 | -4.5% |
| Other operating charges | 640/8 | €674 | €594 | -€80 | -11.8% |
| Gross operating margin | 9900 | €46,683 | €38,016 | -€8,667 | -18.6% |
| Operating profit (loss) | 9901 | €1,048 | -€11,164 | -€12,212 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €627 | €465 | -€162 | -25.8% |
| Recurring financial charges | 65 | €627 | €465 | -€162 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €424 | -€11,629 | -€12,053 | |
| Profit (loss) for the period | 9904 | €424 | -€11,629 | -€12,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €424 | -€11,629 | -€12,053 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.