SiDeMa: 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.
SiDeMa
Largest movements
- Cash +€51,884
up €51,884 (+221.5%), from €23,419 to €75,303
mainly Net result for the year (+€108,177) and Trade debts (+€37,533)
- Receivables within one year +€43,228
up €43,228 (+33.3%), from €129,940 to €173,168
of which Trade receivables: +€46,312
- Tangible fixed assets -€12,331
down €12,331 (-14.0%), from €87,819 to €75,488
of which Land and buildings: -€13,545
- Profit (loss) carried forward +€61,793
up €61,793, from -€61,793 to €0
- Short-term financial debts -€60,000
down €60,000 (-40.0%), from €150,000 to €90,000
- Reserves +€46,384
new in 2025: €46,384
- Trade debts +€37,533
up €37,533 (+37.6%), from €99,742 to €137,275
- Gross operating margin +€46,173
up €46,173 (+23.2%), from €198,924 to €245,097
- Taxes +€16,537
up €16,537 (+6949.4%), from €238 to €16,775
- Staff costs -€10,548
down €10,548 (-10.9%), from €96,854 to €86,306
- Financial charges -€4,600
down €4,600 (-37.4%), from €12,312 to €7,712
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 | €319,348 | €406,251 | +€86,903 | +27.2% |
| Fixed assets | 21/28 | €87,819 | €75,488 | -€12,331 | -14.0% |
| Tangible fixed assets | 22/27 | €87,819 | €75,488 | -€12,331 | -14.0% |
| Land and buildings | 22 | €82,613 | €69,067 | -€13,545 | -16.4% |
| Plant, machinery and equipment | 23 | €5,206 | €6,421 | +€1,215 | +23.3% |
| Current assets | 29/58 | €231,529 | €330,763 | +€99,233 | +42.9% |
| Stocks and contracts in progress | 3 | €64,736 | €68,112 | +€3,375 | +5.2% |
| Stocks | 30/36 | €64,736 | €68,112 | +€3,375 | +5.2% |
| Amounts receivable within one year | 40/41 | €129,940 | €173,168 | +€43,228 | +33.3% |
| Trade receivables | 40 | €110,459 | €156,770 | +€46,312 | +41.9% |
| Other amounts receivable | 41 | €19,481 | €16,398 | -€3,083 | -15.8% |
| Cash at bank and in hand | 54/58 | €23,419 | €75,303 | +€51,884 | +221.5% |
| Deferred charges and accrued income | 490/1 | €13,434 | €14,180 | +€746 | +5.6% |
| Total equity and liabilities | 10/49 | €319,348 | €406,251 | +€86,903 | +27.2% |
| Equity | 10/15 | -€29,071 | €79,106 | +€108,177 | |
| Contributions | 10/11 | €32,722 | €32,722 | = | 0.0% |
| Reserves | 13 | - | €46,384 | +€46,384 | |
| Distributable reserves | 133 | - | €46,384 | +€46,384 | |
| Profit (loss) carried forward | 14 | -€61,793 | €0 | +€61,793 | |
| Amounts payable | 17/49 | €348,419 | €327,145 | -€21,274 | -6.1% |
| Amounts payable within one year | 42/48 | €348,419 | €326,191 | -€22,228 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Credit institutions | 430/8 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Trade debts | 44 | €99,742 | €137,275 | +€37,533 | +37.6% |
| Suppliers | 440/4 | €99,742 | €137,275 | +€37,533 | +37.6% |
| Taxes, remuneration and social security | 45 | €13,587 | €12,474 | -€1,113 | -8.2% |
| Taxes | 450/3 | €238 | €0 | -€238 | -100.0% |
| Remuneration and social security | 454/9 | €13,349 | €12,474 | -€875 | -6.6% |
| Other amounts payable | 47/48 | €85,090 | €86,442 | +€1,352 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €953 | +€953 | |
| Remuneration, social security and pensions | 62 | €96,854 | €86,306 | -€10,548 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,117 | €19,256 | -€1,861 | -8.8% |
| Other operating charges | 640/8 | €7,582 | €6,873 | -€710 | -9.4% |
| Gross operating margin | 9900 | €198,924 | €245,097 | +€46,173 | +23.2% |
| Operating profit (loss) | 9901 | €73,371 | €132,663 | +€59,292 | +80.8% |
| Financial income | 75/76B | €3 | €2 | -€1 | -44.6% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -44.6% |
| Financial charges | 65/66B | €12,312 | €7,712 | -€4,600 | -37.4% |
| Recurring financial charges | 65 | €12,312 | €7,712 | -€4,600 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €61,061 | €124,952 | +€63,891 | +104.6% |
| Income taxes | 67/77 | €238 | €16,775 | +€16,537 | +6949.4% |
| Profit (loss) for the period | 9904 | €60,823 | €108,177 | +€47,354 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,823 | €108,177 | +€47,354 | +77.9% |
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 3 October 2026 via checked.be.