SIDEGRO: 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.
SIDEGRO
Largest movements
- Receivables within one year +€237,396
up €237,396 (+17.5%), from €1.4m to €1.6m
of which Trade receivables: +€197,082
- Cash +€230,139
up €230,139 (+74.2%), from €310,332 to €540,472
mainly Net result for the year (+€324,516) and Depreciation (+€162,552)
- Tangible fixed assets -€134,611
down €134,611 (-32.5%), from €414,220 to €279,609
of which Leasing and similar rights: -€71,657
- Deferred charges and accrued income +€38,725
up €38,725 (+350%), from €11,068 to €49,793
- Profit (loss) carried forward +€324,516
up €324,516 (+48.2%), from -€673,467 to -€348,950
- Current portion of long-term debt -€169,501
down €169,501 (-80.6%), from €210,254 to €40,753
- Trade debts +€152,602
up €152,602 (+7.4%), from €2.1m to €2.2m
- Tax, wage and social debts +€98,361
up €98,361 (+311%), from €31,614 to €129,975
of which Remuneration and social security: +€52,953
- Debts after one year -€40,753
down €40,753 (-22.6%), from €179,984 to €139,231
- Gross operating margin +€908,724
up €908,724 (+473%), from €192,133 to €1.1m
- Financial charges +€157,269
up €157,269 (+202%), from €77,701 to €234,970
of which Non-recurring financial charges: +€156,265
- Staff costs +€58,708
up €58,708 (+16.3%), from €360,815 to €419,523
- Financial income +€48,351
up €48,351 (+293%), from €16,512 to €64,863
of which Non-recurring financial income: +€38,510
- Depreciation -€46,686
down €46,686 (-22.3%), from €209,238 to €162,552
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 | €2,198,707 | €2,560,029 | +€361,322 | +16.4% |
| Fixed assets | 21/28 | €414,220 | €279,609 | -€134,611 | -32.5% |
| Tangible fixed assets | 22/27 | €414,220 | €279,609 | -€134,611 | -32.5% |
| Land and buildings | 22 | €148,248 | €98,973 | -€49,276 | -33.2% |
| Plant, machinery and equipment | 23 | €161,741 | €149,576 | -€12,166 | -7.5% |
| Furniture and vehicles | 24 | €6,807 | €5,294 | -€1,513 | -22.2% |
| Leasing and similar rights | 25 | €96,479 | €24,822 | -€71,657 | -74.3% |
| Other tangible fixed assets | 26 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €1,784,487 | €2,280,421 | +€495,934 | +27.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,352,760 | €1,590,156 | +€237,396 | +17.5% |
| Trade receivables | 40 | €591,814 | €788,895 | +€197,082 | +33.3% |
| Other amounts receivable | 41 | €760,946 | €801,260 | +€40,314 | +5.3% |
| Current investments | 50/53 | €110,327 | €100,000 | -€10,327 | -9.4% |
| Cash at bank and in hand | 54/58 | €310,332 | €540,472 | +€230,139 | +74.2% |
| Deferred charges and accrued income | 490/1 | €11,068 | €49,793 | +€38,725 | +350% |
| Total equity and liabilities | 10/49 | €2,198,707 | €2,560,029 | +€361,322 | +16.4% |
| Equity | 10/15 | -€322,316 | €2,200 | +€324,516 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €332,558 | €332,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €332,558 | €332,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€673,467 | -€348,950 | +€324,516 | +48.2% |
| Amounts payable | 17/49 | €2,521,023 | €2,557,829 | +€36,806 | +1.5% |
| Amounts payable after more than one year | 17 | €179,984 | €139,231 | -€40,753 | -22.6% |
| Financial debts | 170/4 | €179,984 | €139,231 | -€40,753 | -22.6% |
| Amounts payable within one year | 42/48 | €2,340,661 | €2,417,580 | +€76,919 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €210,254 | €40,753 | -€169,501 | -80.6% |
| Trade debts | 44 | €2,074,854 | €2,227,455 | +€152,602 | +7.4% |
| Suppliers | 440/4 | €2,074,854 | €2,227,455 | +€152,602 | +7.4% |
| Taxes, remuneration and social security | 45 | €31,614 | €129,975 | +€98,361 | +311% |
| Taxes | 450/3 | €23,397 | €68,805 | +€45,408 | +194% |
| Remuneration and social security | 454/9 | €8,217 | €61,170 | +€52,953 | +644% |
| Other amounts payable | 47/48 | €23,939 | €19,397 | -€4,542 | -19.0% |
| Accrued charges and deferred income | 492/3 | €379 | €1,018 | +€640 | +169% |
| Non-recurring operating income | 76A | €162,422 | €503,791 | +€341,369 | +210% |
| Remuneration, social security and pensions | 62 | €360,815 | €419,523 | +€58,708 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,238 | €162,552 | -€46,686 | -22.3% |
| Other operating charges | 640/8 | €24,941 | €23,524 | -€1,418 | -5.7% |
| Non-recurring operating charges | 66A | €34,059 | €0 | -€34,059 | -100% |
| Gross operating margin | 9900 | €192,133 | €1,100,857 | +€908,724 | +473% |
| Operating profit (loss) | 9901 | -€436,922 | €495,258 | +€932,179 | |
| Financial income | 75/76B | €16,512 | €64,863 | +€48,351 | +293% |
| Recurring financial income | 75 | €16,512 | €26,353 | +€9,841 | +59.6% |
| Non-recurring financial income | 76B | - | €38,510 | +€38,510 | |
| Financial charges | 65/66B | €77,701 | €234,970 | +€157,269 | +202% |
| Recurring financial charges | 65 | €11,701 | €12,705 | +€1,004 | +8.6% |
| Non-recurring financial charges | 66B | €66,000 | €222,265 | +€156,265 | +237% |
| Profit (loss) for the period before taxes | 9903 | -€498,110 | €325,150 | +€823,261 | |
| Income taxes | 67/77 | €746 | €634 | -€112 | -15.0% |
| Profit (loss) for the period | 9904 | -€498,856 | €324,516 | +€823,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€498,856 | €324,516 | +€823,372 |
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 15 October 2026 via checked.be.