Sidelec: 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.
Sidelec
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€27,727
down €27,727 (-0.6%), from -€4.9m to -€4.9m
- Trade debts +€15,206
up €15,206 (+31.8%), from €47,847 to €63,053
- Other debts +€11,357
up €11,357 (+5.1%), from €223,909 to €235,266
- Write-downs -€131,218
no longer reported in 2023 (was €131,218)
- Gross operating margin +€19,285
up €19,285 (+65.5%), from -€29,444 to -€10,159
- Financial income -€14,794
no longer reported in 2023 (was €14,794)
- Taxes +€12,809
new in 2023: €12,809
- Financial charges -€7,976
down €7,976 (-96.9%), from €8,234 to €258
of which Non-recurring financial charges: -€8,129
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,136 | €608,972 | -€1,164 | -0.2% |
| Fixed assets | 21/28 | €17,900 | €15,104 | -€2,796 | -15.6% |
| Tangible fixed assets | 22/27 | €17,899 | €15,103 | -€2,796 | -15.6% |
| Furniture and vehicles | 24 | €17,899 | €15,103 | -€2,796 | -15.6% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €592,236 | €593,868 | +€1,632 | +0.3% |
| Amounts receivable within one year | 40/41 | €320,167 | €321,801 | +€1,634 | +0.5% |
| Trade receivables | 40 | €54,989 | €54,989 | = | 0.0% |
| Other amounts receivable | 41 | €265,178 | €266,812 | +€1,634 | +0.6% |
| Current investments | 50/53 | €140,414 | €140,414 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,655 | €131,653 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €610,136 | €608,972 | -€1,164 | -0.2% |
| Equity | 10/15 | €224,619 | €196,892 | -€27,727 | -12.3% |
| Contributions | 10/11 | €5,100,000 | €5,100,000 | = | 0.0% |
| Capital | 10 | €5,100,000 | €5,100,000 | = | 0.0% |
| Issued capital | 100 | €5,100,000 | €5,100,000 | = | 0.0% |
| Reserves | 13 | €34,229 | €34,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,229 | €34,229 | = | 0.0% |
| Legal reserve | 130 | €34,229 | €34,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,909,610 | -€4,937,337 | -€27,727 | -0.6% |
| Amounts payable | 17/49 | €385,517 | €412,080 | +€26,563 | +6.9% |
| Amounts payable within one year | 42/48 | €385,483 | €412,046 | +€26,563 | +6.9% |
| Trade debts | 44 | €47,847 | €63,053 | +€15,206 | +31.8% |
| Suppliers | 440/4 | €47,847 | €63,053 | +€15,206 | +31.8% |
| Advances received on contracts in progress | 46 | €18,000 | €18,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €95,727 | €95,727 | = | 0.0% |
| Taxes | 450/3 | €95,727 | €95,727 | = | 0.0% |
| Other amounts payable | 47/48 | €223,909 | €235,266 | +€11,357 | +5.1% |
| Accrued charges and deferred income | 492/3 | €34 | €34 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,795 | €2,796 | +€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,218 | - | -€131,218 | |
| Other operating charges | 640/8 | €756 | €1,705 | +€949 | +125.5% |
| Gross operating margin | 9900 | -€29,444 | -€10,159 | +€19,285 | +65.5% |
| Operating profit (loss) | 9901 | -€164,213 | -€14,660 | +€149,553 | +91.1% |
| Financial income | 75/76B | €14,794 | - | -€14,794 | |
| Recurring financial income | 75 | €14,794 | - | -€14,794 | |
| Financial charges | 65/66B | €8,234 | €258 | -€7,976 | -96.9% |
| Recurring financial charges | 65 | €105 | €258 | +€153 | +145.7% |
| Non-recurring financial charges | 66B | €8,129 | - | -€8,129 | |
| Profit (loss) for the period before taxes | 9903 | -€157,653 | -€14,918 | +€142,735 | +90.5% |
| Income taxes | 67/77 | - | €12,809 | +€12,809 | |
| Profit (loss) for the period | 9904 | -€157,653 | -€27,727 | +€129,926 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,653 | -€27,727 | +€129,926 | +82.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.