SIDELCO: 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.
SIDELCO
Largest movements
- Tangible fixed assets -€17,410
down €17,410 (-27.5%), from €63,238 to €45,828
of which Furniture and vehicles: -€13,481
- Cash +€9,649
up €9,649 (+7.5%), from €129,226 to €138,875
mainly Net result for the year (+€37,813) and Depreciation (+€17,410)
- Profit (loss) carried forward +€37,813
up €37,813 (+42.3%), from €89,290 to €127,103
- Contributions -€15,000
down €15,000 (-80.7%), from €18,592 to €3,592
- Other debts -€11,708
down €11,708 (-93.4%), from €12,537 to €829
- Debts after one year -€11,405
down €11,405 (-41.9%), from €27,194 to €15,789
- Tax, wage and social debts -€5,862
down €5,862 (-53.7%), from €10,905 to €5,044
of which Remuneration and social security: -€3,278
- Gross operating margin +€4,552
up €4,552 (+6.6%), from €68,974 to €73,525
- Taxes +€3,663
up €3,663 (+28.4%), from €12,896 to €16,559
- Depreciation +€2,207
up €2,207 (+14.5%), from €15,203 to €17,410
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,464 | €184,703 | -€7,761 | -4.0% |
| Fixed assets | 21/28 | €63,238 | €45,828 | -€17,410 | -27.5% |
| Tangible fixed assets | 22/27 | €63,238 | €45,828 | -€17,410 | -27.5% |
| Plant, machinery and equipment | 23 | €17,207 | €13,278 | -€3,929 | -22.8% |
| Furniture and vehicles | 24 | €46,031 | €32,550 | -€13,481 | -29.3% |
| Current assets | 29/58 | €129,226 | €138,875 | +€9,649 | +7.5% |
| Cash at bank and in hand | 54/58 | €129,226 | €138,875 | +€9,649 | +7.5% |
| Total equity and liabilities | 10/49 | €192,464 | €184,703 | -€7,761 | -4.0% |
| Equity | 10/15 | €114,006 | €136,819 | +€22,813 | +20.0% |
| Contributions | 10/11 | €18,592 | €3,592 | -€15,000 | -80.7% |
| Reserves | 13 | €6,124 | €6,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,660 | €1,660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,660 | €1,660 | = | 0.0% |
| Distributable reserves | 133 | €4,464 | €4,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,290 | €127,103 | +€37,813 | +42.3% |
| Amounts payable | 17/49 | €78,458 | €47,885 | -€30,573 | -39.0% |
| Amounts payable after more than one year | 17 | €27,194 | €15,789 | -€11,405 | -41.9% |
| Financial debts | 170/4 | €27,194 | €15,789 | -€11,405 | -41.9% |
| Amounts payable within one year | 42/48 | €51,264 | €32,096 | -€19,168 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €11,044 | €11,405 | +€361 | +3.3% |
| Trade debts | 44 | €16,777 | €14,818 | -€1,960 | -11.7% |
| Suppliers | 440/4 | €16,777 | €14,818 | -€1,960 | -11.7% |
| Taxes, remuneration and social security | 45 | €10,905 | €5,044 | -€5,862 | -53.7% |
| Taxes | 450/3 | €7,628 | €5,044 | -€2,584 | -33.9% |
| Remuneration and social security | 454/9 | €3,278 | - | -€3,278 | |
| Other amounts payable | 47/48 | €12,537 | €829 | -€11,708 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,203 | €17,410 | +€2,207 | +14.5% |
| Other operating charges | 640/8 | €375 | €386 | +€11 | +2.9% |
| Gross operating margin | 9900 | €68,974 | €73,525 | +€4,552 | +6.6% |
| Operating profit (loss) | 9901 | €53,395 | €55,729 | +€2,334 | +4.4% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,550 | €1,357 | -€193 | -12.4% |
| Recurring financial charges | 65 | €1,550 | €1,357 | -€193 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €51,849 | €54,372 | +€2,523 | +4.9% |
| Income taxes | 67/77 | €12,896 | €16,559 | +€3,663 | +28.4% |
| Profit (loss) for the period | 9904 | €38,953 | €37,813 | -€1,140 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,953 | €37,813 | -€1,140 | -2.9% |
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 4 October 2026 via checked.be.