SIDEMI: 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.
SIDEMI
Largest movements
- Cash -€155,208
down €155,208 (-76.5%), from €202,837 to €47,629
mainly Debts after one year (-€160,910) and Trade debts (-€96,791)
- Receivables within one year +€64,313
up €64,313 (+9.0%), from €717,819 to €782,132
of which Other amounts receivable: +€61,471
- Debts after one year -€160,910
down €160,910 (-13.2%), from €1.2m to €1.1m
- Trade debts -€96,791
down €96,791 (-18.2%), from €533,047 to €436,257
- Accrued charges and deferred income +€94,694
up €94,694 (+83.3%), from €113,683 to €208,377
- Profit (loss) carried forward +€85,651
up €85,651 (+52.3%), from €163,634 to €249,285
- Current portion of long-term debt -€67,518
down €67,518 (-14.0%), from €483,322 to €415,804
No income-statement line moved by more than 1% of the activity.
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 | €3,878,134 | €3,774,228 | -€103,906 | -2.7% |
| Fixed assets | 21/28 | €2,939,188 | €2,933,079 | -€6,110 | -0.2% |
| Tangible fixed assets | 22/27 | €779,831 | €773,722 | -€6,110 | -0.8% |
| Land and buildings | 22 | €353,075 | €352,825 | -€250 | -0.1% |
| Plant, machinery and equipment | 23 | €426,756 | €418,525 | -€8,231 | -1.9% |
| Furniture and vehicles | 24 | - | €2,371 | +€2,371 | |
| Financial fixed assets | 28 | €2,159,357 | €2,159,357 | = | 0.0% |
| Current assets | 29/58 | €938,946 | €841,149 | -€97,796 | -10.4% |
| Stocks and contracts in progress | 3 | €7,437 | €7,437 | = | 0.0% |
| Stocks | 30/36 | €7,437 | €7,437 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €717,819 | €782,132 | +€64,313 | +9.0% |
| Trade receivables | 40 | €409,641 | €412,483 | +€2,842 | +0.7% |
| Other amounts receivable | 41 | €308,179 | €369,650 | +€61,471 | +19.9% |
| Cash at bank and in hand | 54/58 | €202,837 | €47,629 | -€155,208 | -76.5% |
| Deferred charges and accrued income | 490/1 | €10,852 | €3,951 | -€6,901 | -63.6% |
| Total equity and liabilities | 10/49 | €3,878,134 | €3,774,228 | -€103,906 | -2.7% |
| Equity | 10/15 | €299,924 | €385,575 | +€85,651 | +28.6% |
| Contributions | 10/11 | €123,900 | €123,900 | = | 0.0% |
| Capital | 10 | €123,900 | €123,900 | = | 0.0% |
| Issued capital | 100 | €123,900 | €123,900 | = | 0.0% |
| Reserves | 13 | €12,390 | €12,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,390 | €12,390 | = | 0.0% |
| Legal reserve | 130 | €12,390 | €12,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,634 | €249,285 | +€85,651 | +52.3% |
| Amounts payable | 17/49 | €3,578,210 | €3,388,653 | -€189,557 | -5.3% |
| Amounts payable after more than one year | 17 | €1,215,090 | €1,054,180 | -€160,910 | -13.2% |
| Financial debts | 170/4 | €1,215,090 | €1,054,180 | -€160,910 | -13.2% |
| Amounts payable within one year | 42/48 | €2,249,436 | €2,126,096 | -€123,340 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €483,322 | €415,804 | -€67,518 | -14.0% |
| Trade debts | 44 | €533,047 | €436,257 | -€96,791 | -18.2% |
| Suppliers | 440/4 | €533,047 | €436,257 | -€96,791 | -18.2% |
| Taxes, remuneration and social security | 45 | €321,140 | €330,552 | +€9,411 | +2.9% |
| Taxes | 450/3 | €1,167 | €10,808 | +€9,641 | +826% |
| Remuneration and social security | 454/9 | €319,973 | €319,743 | -€230 | -0.1% |
| Other amounts payable | 47/48 | €911,927 | €943,484 | +€31,557 | +3.5% |
| Accrued charges and deferred income | 492/3 | €113,683 | €208,377 | +€94,694 | +83.3% |
| Remuneration, social security and pensions | 62 | €2,749,924 | €2,759,610 | +€9,686 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,266 | €44,155 | +€2,889 | +7.0% |
| Other operating charges | 640/8 | €23,701 | €29,362 | +€5,661 | +23.9% |
| Gross operating margin | 9900 | €2,975,167 | €2,979,097 | +€3,929 | +0.1% |
| Operating profit (loss) | 9901 | €160,277 | €145,970 | -€14,307 | -8.9% |
| Financial income | 75/76B | - | €1,113 | +€1,113 | |
| Recurring financial income | 75 | - | €1,113 | +€1,113 | |
| Financial charges | 65/66B | €37,391 | €32,299 | -€5,092 | -13.6% |
| Recurring financial charges | 65 | €37,391 | €32,299 | -€5,092 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €122,886 | €114,784 | -€8,102 | -6.6% |
| Income taxes | 67/77 | €1,167 | €29,133 | +€27,966 | +2,396% |
| Profit (loss) for the period | 9904 | €121,719 | €85,651 | -€36,068 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,719 | €85,651 | -€36,068 | -29.6% |
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 13 October 2026 via checked.be.