SIDAS BELGIUM: 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.
SIDAS BELGIUM
Largest movements
- Stocks and contracts -€28,483
down €28,483 (-26.8%), from €106,258 to €77,775
- Tangible fixed assets -€27,339
down €27,339 (-27.0%), from €101,108 to €73,769
of which Plant, machinery and equipment: -€18,573
- Receivables within one year +€4,690
up €4,690 (+5.6%), from €83,413 to €88,103
of which Trade receivables: +€6,392
- Trade debts -€63,342
down €63,342 (-33.0%), from €192,144 to €128,802
- Profit (loss) carried forward +€16,050
up €16,050 (+1.3%), from -€1.2m to -€1.2m
- Tax, wage and social debts +€8,924
up €8,924 (+35.7%), from €24,997 to €33,921
of which Remuneration and social security: +€7,170
- Accrued charges and deferred income -€8,300
no longer reported in 2026 (was €8,300)
- Gross operating margin +€127,091
up €127,091 (+66.3%), from €191,554 to €318,645
- Staff costs +€38,245
up €38,245 (+17.9%), from €214,224 to €252,469
- Depreciation -€7,741
down €7,741 (-24.6%), from €31,410 to €23,669
- Write-downs -€4,682
no longer reported in 2026 (was €4,682)
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.
Derived cash bridge
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 | €316,402 | €267,363 | -€49,039 | -15.5% |
| Fixed assets | 21/28 | €101,770 | €74,431 | -€27,339 | -26.9% |
| Tangible fixed assets | 22/27 | €101,108 | €73,769 | -€27,339 | -27.0% |
| Plant, machinery and equipment | 23 | €88,425 | €69,851 | -€18,573 | -21.0% |
| Furniture and vehicles | 24 | €12,683 | €3,918 | -€8,766 | -69.1% |
| Financial fixed assets | 28 | €662 | €662 | = | 0.0% |
| Current assets | 29/58 | €214,632 | €192,932 | -€21,700 | -10.1% |
| Stocks and contracts in progress | 3 | €106,258 | €77,775 | -€28,483 | -26.8% |
| Stocks | 30/36 | €106,258 | €77,775 | -€28,483 | -26.8% |
| Amounts receivable within one year | 40/41 | €83,413 | €88,103 | +€4,690 | +5.6% |
| Trade receivables | 40 | €81,711 | €88,103 | +€6,392 | +7.8% |
| Other amounts receivable | 41 | €1,702 | - | -€1,702 | |
| Cash at bank and in hand | 54/58 | €24,101 | €27,054 | +€2,953 | +12.3% |
| Deferred charges and accrued income | 490/1 | €860 | - | -€860 | |
| Total equity and liabilities | 10/49 | €316,402 | €267,363 | -€49,039 | -15.5% |
| Equity | 10/15 | -€1,191,410 | -€1,175,360 | +€16,050 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,197,610 | -€1,181,560 | +€16,050 | +1.3% |
| Amounts payable | 17/49 | €1,507,812 | €1,442,723 | -€65,089 | -4.3% |
| Amounts payable after more than one year | 17 | €1,280,000 | €1,280,000 | = | 0.0% |
| Trade debts | 175 | €1,280,000 | €1,280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,512 | €162,723 | -€56,789 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €2,371 | - | -€2,371 | |
| Trade debts | 44 | €192,144 | €128,802 | -€63,342 | -33.0% |
| Suppliers | 440/4 | €192,144 | €128,802 | -€63,342 | -33.0% |
| Taxes, remuneration and social security | 45 | €24,997 | €33,921 | +€8,924 | +35.7% |
| Taxes | 450/3 | €5,575 | €7,330 | +€1,755 | +31.5% |
| Remuneration and social security | 454/9 | €19,422 | €26,591 | +€7,170 | +36.9% |
| Accrued charges and deferred income | 492/3 | €8,300 | - | -€8,300 | |
| Non-recurring operating income | 76A | €3,480 | €9,725 | +€6,245 | +179% |
| Remuneration, social security and pensions | 62 | €214,224 | €252,469 | +€38,245 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,410 | €23,669 | -€7,741 | -24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,682 | - | -€4,682 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,822 | €4,437 | -€385 | -8.0% |
| Other operating charges | 640/8 | €720 | €1,908 | +€1,188 | +165% |
| Non-recurring operating charges | 66A | €124 | €3,336 | +€3,212 | +2,591% |
| Gross operating margin | 9900 | €191,554 | €318,645 | +€127,091 | +66.3% |
| Operating profit (loss) | 9901 | -€64,428 | €32,826 | +€97,254 | |
| Financial income | 75/76B | €1 | €17 | +€16 | +1,265% |
| Recurring financial income | 75 | €1 | €17 | +€16 | +1,265% |
| Financial charges | 65/66B | €17,496 | €17,279 | -€217 | -1.2% |
| Recurring financial charges | 65 | €17,496 | €17,279 | -€217 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,923 | €15,564 | +€97,488 | |
| Income taxes | 67/77 | -€169 | -€134 | +€35 | +20.6% |
| Profit (loss) for the period | 9904 | -€81,755 | €15,698 | +€97,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,755 | €15,698 | +€97,453 |
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 1 November 2026 via checked.be.