SIDEC: what changed
Two fiscal 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.
What changed
SIDEC
NACE 20.300, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€343,341
2024 · €392,957-€49,616
Equity
€5.0m
2024 · €4.7m+€317,255
Cash
€765,335
2024 · €606,857+€158,478
Balance sheet total
€8.0m
2024 · €8.2m-€181,537
Largest movements
Assets
- Current investments -€1.1m
down €1.1m (-48.0%), from €2.2m to €1.1m
- Tangible fixed assets +€318,698
up €318,698 (+10.2%), from €3.1m to €3.4m
of which Furniture and vehicles: +€458,438
- Receivables within one year +€277,446
up €277,446 (+46.6%), from €595,974 to €873,421
of which Trade receivables: +€281,158
- Cash +€158,478
up €158,478 (+26.1%), from €606,857 to €765,335
mainly Current investments (+€1.1m) and Depreciation (+€611,685)
Equity and liabilities
- Debts after one year -€382,342
down €382,342 (-22.6%), from €1.7m to €1.3m
- Current portion of long-term debt -€367,892
down €367,892 (-49.8%), from €738,081 to €370,190
- Reserves +€317,255
up €317,255 (+6.9%), from €4.6m to €4.9m
of which Distributable reserves: +€317,255
- Trade debts +€246,886
up €246,886 (+42.3%), from €584,318 to €831,204
Income statement
- Staff costs +€191,269
up €191,269 (+8.1%), from €2.4m to €2.5m
- Gross operating margin +€185,443
up €185,443 (+5.4%), from €3.4m to €3.6m
- Write-downs +€69,410
up €69,410, from -€64,464 to €4,946
- Provisions -€55,714
down €55,714, from €1,257 to -€54,457
- Other operating charges -€52,906
down €52,906 (-41.0%), from €129,161 to €76,256
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.
Result 2024
€392,957
Gross operating margin
+€185,443
Staff costs
-€191,269
Depreciation
-€18,997
Write-downs
-€69,410
Provisions
+€55,714
Other operating charges
+€52,906
Other operating items
-€42,013
Financial income
-€37,799
Financial charges
+€16,302
Taxes
-€493
Result 2025
€343,341
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.
From operations
+€881,782
Investment
+€53,015
Financing
-€776,319
Cash 2024
€606,857
From operations (derived)
+€881,782
Net result for the year
+€343,341
Depreciation
+€611,685
Stocks and contracts
-€56,923
Receivables within one year
-€277,446
Deferred charges and accrued income
+€9,684
Provisions
-€54,457
Trade debts
+€246,886
Tax, wage and social debts
+€45,876
Other debts
-€4,482
Accrued charges and deferred income
+€17,619
Investment (derived)
+€53,015
Investment in fixed assets (net)
-€1.0m
Current investments
+€1.1m
Financing
-€776,319
Debts after one year
-€382,342
Current portion of long-term debt
-€367,892
Contributions, distributions and other
-€26,085
Cash 2025
€765,335
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,217,061 | €8,035,525 | -€181,537 | -2.2% |
| Fixed assets | 21/28 | €3,278,562 | €3,673,863 | +€395,300 | +12.1% |
| Intangible fixed assets | 21 | €152,580 | €229,183 | +€76,602 | +50.2% |
| Tangible fixed assets | 22/27 | €3,125,930 | €3,444,628 | +€318,698 | +10.2% |
| Land and buildings | 22 | €1,465,205 | €1,646,222 | +€181,016 | +12.4% |
| Plant, machinery and equipment | 23 | €697,734 | €505,297 | -€192,437 | -27.6% |
| Furniture and vehicles | 24 | €71,005 | €529,442 | +€458,438 | +645.6% |
| Leasing and similar rights | 25 | €891,985 | €763,666 | -€128,319 | -14.4% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €4,938,499 | €4,361,662 | -€576,837 | -11.7% |
| Stocks and contracts in progress | 3 | €1,463,760 | €1,520,683 | +€56,923 | +3.9% |
| Stocks | 30/36 | €1,463,760 | €1,520,683 | +€56,923 | +3.9% |
| Amounts receivable within one year | 40/41 | €595,974 | €873,421 | +€277,446 | +46.6% |
| Trade receivables | 40 | €524,400 | €805,558 | +€281,158 | +53.6% |
| Other amounts receivable | 41 | €71,574 | €67,862 | -€3,712 | -5.2% |
| Current investments | 50/53 | €2,207,662 | €1,147,662 | -€1.1m | -48.0% |
| Cash at bank and in hand | 54/58 | €606,857 | €765,335 | +€158,478 | +26.1% |
| Deferred charges and accrued income | 490/1 | €64,245 | €54,561 | -€9,684 | -15.1% |
| Total equity and liabilities | 10/49 | €8,217,061 | €8,035,525 | -€181,537 | -2.2% |
| Equity | 10/15 | €4,665,961 | €4,983,217 | +€317,255 | +6.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €4,565,961 | €4,883,217 | +€317,255 | +6.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €4,555,961 | €4,873,217 | +€317,255 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €106,514 | €52,058 | -€54,457 | -51.1% |
| Provisions for liabilities and charges | 160/5 | €106,514 | €52,058 | -€54,457 | -51.1% |
| Other liabilities and charges | 164/5 | €106,514 | €52,058 | -€54,457 | -51.1% |
| Amounts payable | 17/49 | €3,444,586 | €3,000,251 | -€444,335 | -12.9% |
| Amounts payable after more than one year | 17 | €1,695,140 | €1,312,798 | -€382,342 | -22.6% |
| Financial debts | 170/4 | €1,695,140 | €1,312,798 | -€382,342 | -22.6% |
| Amounts payable within one year | 42/48 | €1,719,785 | €1,640,173 | -€79,612 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €738,081 | €370,190 | -€367,892 | -49.8% |
| Trade debts | 44 | €584,318 | €831,204 | +€246,886 | +42.3% |
| Suppliers | 440/4 | €584,318 | €831,204 | +€246,886 | +42.3% |
| Taxes, remuneration and social security | 45 | €346,374 | €392,250 | +€45,876 | +13.2% |
| Taxes | 450/3 | €25,223 | €61,982 | +€36,759 | +145.7% |
| Remuneration and social security | 454/9 | €321,151 | €330,267 | +€9,117 | +2.8% |
| Other amounts payable | 47/48 | €51,012 | €46,530 | -€4,482 | -8.8% |
| Accrued charges and deferred income | 492/3 | €29,661 | €47,279 | +€17,619 | +59.4% |
| Non-recurring operating income | 76A | €12,588 | €13,159 | +€571 | +4.5% |
| Remuneration, social security and pensions | 62 | €2,357,059 | €2,548,328 | +€191,269 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592,688 | €611,685 | +€18,997 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€64,464 | €4,946 | +€69,410 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,257 | -€54,457 | -€55,714 | |
| Other operating charges | 640/8 | €129,161 | €76,256 | -€52,906 | -41.0% |
| Non-recurring operating charges | 66A | - | €42,013 | +€42,013 | |
| Gross operating margin | 9900 | €3,440,983 | €3,626,426 | +€185,443 | +5.4% |
| Operating profit (loss) | 9901 | €425,282 | €397,655 | -€27,626 | -6.5% |
| Financial income | 75/76B | €91,151 | €53,352 | -€37,799 | -41.5% |
| Recurring financial income | 75 | €91,151 | €53,352 | -€37,799 | -41.5% |
| Financial charges | 65/66B | €119,505 | €103,203 | -€16,302 | -13.6% |
| Recurring financial charges | 65 | €119,505 | €103,203 | -€16,302 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €396,928 | €347,805 | -€49,123 | -12.4% |
| Income taxes | 67/77 | €3,971 | €4,464 | +€493 | +12.4% |
| Profit (loss) for the period | 9904 | €392,957 | €343,341 | -€49,616 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €392,957 | €343,341 | -€49,616 | -12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.