SIDALU: 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.
SIDALU
Largest movements
- Cash +€37,435
up €37,435 (+16.0%), from €234,034 to €271,469
mainly Net result for the year (+€39,779) and Trade debts (+€14,599)
- Tangible fixed assets -€8,082
down €8,082 (-30.3%), from €26,649 to €18,567
of which Furniture and vehicles: -€7,173
- Reserves +€39,779
up €39,779 (+19.5%), from €203,828 to €243,607
- Trade debts +€14,599
up €14,599 (+154.5%), from €9,447 to €24,046
- Tax, wage and social debts -€13,437
down €13,437 (-40.8%), from €32,957 to €19,520
of which Taxes: -€10,028
- Debts after one year -€5,735
down €5,735 (-85.3%), from €6,724 to €989
- Other debts -€4,014
down €4,014 (-100.0%), from €4,014 to €0
- Staff costs +€28,640
up €28,640 (+19.5%), from €147,127 to €175,767
- Gross operating margin -€22,290
down €22,290 (-8.4%), from €265,562 to €243,272
- Taxes -€6,427
down €6,427 (-27.3%), from €23,503 to €17,075
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,074 | €300,589 | +€31,516 | +11.7% |
| Fixed assets | 21/28 | €28,285 | €20,203 | -€8,082 | -28.6% |
| Tangible fixed assets | 22/27 | €26,649 | €18,567 | -€8,082 | -30.3% |
| Plant, machinery and equipment | 23 | €1,648 | €1,114 | -€534 | -32.4% |
| Furniture and vehicles | 24 | €22,383 | €15,210 | -€7,173 | -32.0% |
| Other tangible fixed assets | 26 | €2,618 | €2,243 | -€375 | -14.3% |
| Financial fixed assets | 28 | €1,636 | €1,636 | = | 0.0% |
| Current assets | 29/58 | €240,789 | €280,386 | +€39,597 | +16.4% |
| Stocks and contracts in progress | 3 | €3,330 | €3,194 | -€136 | -4.1% |
| Stocks | 30/36 | €3,330 | €3,194 | -€136 | -4.1% |
| Amounts receivable within one year | 40/41 | €2,131 | €4,874 | +€2,743 | +128.7% |
| Trade receivables | 40 | €2,131 | €1,128 | -€1,004 | -47.1% |
| Other amounts receivable | 41 | - | €3,746 | +€3,746 | |
| Cash at bank and in hand | 54/58 | €234,034 | €271,469 | +€37,435 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,293 | €849 | -€444 | -34.4% |
| Total equity and liabilities | 10/49 | €269,074 | €300,589 | +€31,516 | +11.7% |
| Equity | 10/15 | €210,522 | €250,300 | +€39,779 | +18.9% |
| Contributions | 10/11 | €6,693 | €6,693 | = | 0.0% |
| Reserves | 13 | €203,828 | €243,607 | +€39,779 | +19.5% |
| Distributable reserves | 133 | €203,828 | €243,607 | +€39,779 | +19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,552 | €50,289 | -€8,263 | -14.1% |
| Amounts payable after more than one year | 17 | €6,724 | €989 | -€5,735 | -85.3% |
| Financial debts | 170/4 | €6,724 | €989 | -€5,735 | -85.3% |
| Amounts payable within one year | 42/48 | €51,829 | €49,301 | -€2,528 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €5,411 | €5,735 | +€324 | +6.0% |
| Trade debts | 44 | €9,447 | €24,046 | +€14,599 | +154.5% |
| Suppliers | 440/4 | €9,447 | €24,046 | +€14,599 | +154.5% |
| Taxes, remuneration and social security | 45 | €32,957 | €19,520 | -€13,437 | -40.8% |
| Taxes | 450/3 | €19,860 | €9,832 | -€10,028 | -50.5% |
| Remuneration and social security | 454/9 | €13,098 | €9,688 | -€3,409 | -26.0% |
| Other amounts payable | 47/48 | €4,014 | €0 | -€4,014 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €147,127 | €175,767 | +€28,640 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,308 | €8,082 | -€226 | -2.7% |
| Other operating charges | 640/8 | €1,291 | €1,538 | +€247 | +19.1% |
| Gross operating margin | 9900 | €265,562 | €243,272 | -€22,290 | -8.4% |
| Operating profit (loss) | 9901 | €108,836 | €57,885 | -€50,951 | -46.8% |
| Financial income | 75/76B | €24 | €48 | +€24 | +99.2% |
| Recurring financial income | 75 | €24 | €48 | +€24 | +99.2% |
| Financial charges | 65/66B | €1,578 | €1,078 | -€499 | -31.7% |
| Recurring financial charges | 65 | €1,578 | €1,078 | -€499 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €107,282 | €56,854 | -€50,428 | -47.0% |
| Income taxes | 67/77 | €23,503 | €17,075 | -€6,427 | -27.3% |
| Profit (loss) for the period | 9904 | €83,779 | €39,779 | -€44,001 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,779 | €39,779 | -€44,001 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.