Sidec Holding: 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.
Sidec Holding
Largest movements
- Cash -€189,538
down €189,538 (-57.4%), from €330,245 to €140,707
mainly Contributions, distributions and other (-€239,279) and Receivables within one year (-€75,601)
- Receivables within one year +€75,601
up €75,601 (+93.2%), from €81,160 to €156,761
of which Trade receivables: +€47,893
- Intangible fixed assets -€47,051
down €47,051 (-26.7%), from €176,443 to €129,391
- Financial fixed assets +€41,861
up €41,861 (+3.3%), from €1.3m to €1.3m
- Reserves -€85,916
down €85,916 (-10.0%), from €862,571 to €776,655
- Other debts -€71,988
down €71,988 (-97.7%), from €73,654 to €1,666
- Trade debts +€24,987
up €24,987 (+2,221%), from €1,125 to €26,112
- Staff costs +€168,813
up €168,813, from €0 to €168,813
- Gross operating margin +€44,975
up €44,975 (+10.7%), from €421,024 to €465,999
- Taxes -€39,251
down €39,251 (-29.0%), from €135,330 to €96,079
- Financial income -€34,436
down €34,436 (-89.4%), from €38,515 to €4,080
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.
Derived cash bridge
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 | €1,857,606 | €1,736,223 | -€121,383 | -6.5% |
| Fixed assets | 21/28 | €1,441,578 | €1,434,674 | -€6,904 | -0.5% |
| Intangible fixed assets | 21 | €176,443 | €129,391 | -€47,051 | -26.7% |
| Tangible fixed assets | 22/27 | €5,011 | €3,297 | -€1,714 | -34.2% |
| Furniture and vehicles | 24 | €1,522 | €552 | -€971 | -63.8% |
| Other tangible fixed assets | 26 | €3,489 | €2,745 | -€744 | -21.3% |
| Financial fixed assets | 28 | €1,260,124 | €1,301,985 | +€41,861 | +3.3% |
| Current assets | 29/58 | €416,028 | €301,550 | -€114,479 | -27.5% |
| Amounts receivable within one year | 40/41 | €81,160 | €156,761 | +€75,601 | +93.2% |
| Trade receivables | 40 | €35,311 | €83,204 | +€47,893 | +136% |
| Other amounts receivable | 41 | €45,848 | €73,557 | +€27,708 | +60.4% |
| Cash at bank and in hand | 54/58 | €330,245 | €140,707 | -€189,538 | -57.4% |
| Deferred charges and accrued income | 490/1 | €4,624 | €4,082 | -€542 | -11.7% |
| Total equity and liabilities | 10/49 | €1,857,606 | €1,736,223 | -€121,383 | -6.5% |
| Equity | 10/15 | €1,723,071 | €1,637,155 | -€85,916 | -5.0% |
| Contributions | 10/11 | €860,500 | €860,500 | = | 0.0% |
| Reserves | 13 | €862,571 | €776,655 | -€85,916 | -10.0% |
| Distributable reserves | 133 | €862,571 | €776,655 | -€85,916 | -10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,535 | €99,068 | -€35,467 | -26.4% |
| Amounts payable within one year | 42/48 | €134,535 | €99,068 | -€35,467 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,125 | €26,112 | +€24,987 | +2,221% |
| Suppliers | 440/4 | €1,125 | €26,112 | +€24,987 | +2,221% |
| Taxes, remuneration and social security | 45 | €59,756 | €71,289 | +€11,533 | +19.3% |
| Taxes | 450/3 | €59,756 | €43,959 | -€15,798 | -26.4% |
| Remuneration and social security | 454/9 | €0 | €27,331 | +€27,331 | |
| Other amounts payable | 47/48 | €73,654 | €1,666 | -€71,988 | -97.7% |
| Remuneration, social security and pensions | 62 | €0 | €168,813 | +€168,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,912 | €48,766 | -€1,146 | -2.3% |
| Other operating charges | 640/8 | €3,695 | €2,967 | -€728 | -19.7% |
| Gross operating margin | 9900 | €421,024 | €465,999 | +€44,975 | +10.7% |
| Operating profit (loss) | 9901 | €367,418 | €245,454 | -€121,964 | -33.2% |
| Financial income | 75/76B | €38,515 | €4,080 | -€34,436 | -89.4% |
| Recurring financial income | 75 | €38,515 | €4,080 | -€34,436 | -89.4% |
| Financial charges | 65/66B | €875 | €91 | -€784 | -89.6% |
| Recurring financial charges | 65 | €875 | €91 | -€784 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €405,058 | €249,443 | -€155,615 | -38.4% |
| Income taxes | 67/77 | €135,330 | €96,079 | -€39,251 | -29.0% |
| Profit (loss) for the period | 9904 | €269,728 | €153,364 | -€116,364 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €269,728 | €153,364 | -€116,364 | -43.1% |
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 25 October 2026 via checked.be.