SIDERCO: 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.
SIDERCO
Largest movements
- Current investments +€150,000
up €150,000 (+29.5%), from €508,400 to €658,400
- Tangible fixed assets -€48,278
down €48,278 (-11.3%), from €425,926 to €377,648
of which Land and buildings: -€49,890
- Receivables within one year +€42,348
up €42,348 (+60.1%), from €70,439 to €112,787
of which Trade receivables: +€21,790
- Reserves +€93,461
up €93,461 (+10.0%), from €937,445 to €1.0m
- Short-term financial debts +€43,193
up €43,193 (+100.5%), from €42,961 to €86,155
- Trade debts +€26,889
up €26,889 (+163.5%), from €16,442 to €43,331
- Tax, wage and social debts -€13,298
down €13,298 (-95.1%), from €13,984 to €686
- Financial income +€2,995
up €2,995 (+25.0%), from €12,003 to €14,998
- Gross operating margin -€1,879
down €1,879 (-1.0%), from €182,212 to €180,333
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 | €1,043,694 | €1,193,939 | +€150,245 | +14.4% |
| Fixed assets | 21/28 | €425,926 | €377,648 | -€48,278 | -11.3% |
| Tangible fixed assets | 22/27 | €425,926 | €377,648 | -€48,278 | -11.3% |
| Land and buildings | 22 | €399,122 | €349,232 | -€49,890 | -12.5% |
| Plant, machinery and equipment | 23 | €16,177 | €22,128 | +€5,951 | +36.8% |
| Furniture and vehicles | 24 | €10,627 | €6,288 | -€4,338 | -40.8% |
| Current assets | 29/58 | €617,769 | €816,291 | +€198,523 | +32.1% |
| Amounts receivable after more than one year | 29 | €50 | €50 | = | 0.0% |
| Other amounts receivable | 291 | €50 | €50 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,439 | €112,787 | +€42,348 | +60.1% |
| Trade receivables | 40 | €70,439 | €92,229 | +€21,790 | +30.9% |
| Other amounts receivable | 41 | - | €20,558 | +€20,558 | |
| Current investments | 50/53 | €508,400 | €658,400 | +€150,000 | +29.5% |
| Cash at bank and in hand | 54/58 | €32,554 | €37,777 | +€5,222 | +16.0% |
| Deferred charges and accrued income | 490/1 | €6,326 | €7,278 | +€952 | +15.0% |
| Total equity and liabilities | 10/49 | €1,043,694 | €1,193,939 | +€150,245 | +14.4% |
| Equity | 10/15 | €970,307 | €1,063,768 | +€93,461 | +9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €937,445 | €1,030,906 | +€93,461 | +10.0% |
| Distributable reserves | 133 | €937,445 | €1,030,906 | +€93,461 | +10.0% |
| Profit (loss) carried forward | 14 | €14,270 | €14,270 | = | 0.0% |
| Amounts payable | 17/49 | €73,387 | €130,171 | +€56,784 | +77.4% |
| Amounts payable within one year | 42/48 | €73,387 | €130,171 | +€56,784 | +77.4% |
| Financial debts | 43 | €42,961 | €86,155 | +€43,193 | +100.5% |
| Other loans | 439 | €42,961 | €86,155 | +€43,193 | +100.5% |
| Trade debts | 44 | €16,442 | €43,331 | +€26,889 | +163.5% |
| Suppliers | 440/4 | €16,442 | €43,331 | +€26,889 | +163.5% |
| Taxes, remuneration and social security | 45 | €13,984 | €686 | -€13,298 | -95.1% |
| Taxes | 450/3 | €13,984 | €686 | -€13,298 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,680 | €58,379 | +€700 | +1.2% |
| Other operating charges | 640/8 | €2,429 | €2,498 | +€69 | +2.8% |
| Gross operating margin | 9900 | €182,212 | €180,333 | -€1,879 | -1.0% |
| Operating profit (loss) | 9901 | €122,104 | €119,456 | -€2,647 | -2.2% |
| Financial income | 75/76B | €12,003 | €14,998 | +€2,995 | +25.0% |
| Recurring financial income | 75 | €12,003 | €14,998 | +€2,995 | +25.0% |
| Financial charges | 65/66B | €120 | €94 | -€25 | -21.2% |
| Recurring financial charges | 65 | €120 | €94 | -€25 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €133,987 | €134,360 | +€373 | +0.3% |
| Income taxes | 67/77 | €40,514 | €40,899 | +€386 | +1.0% |
| Profit (loss) for the period | 9904 | €93,473 | €93,461 | -€13 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,473 | €93,461 | -€13 | 0.0% |
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 30 September 2026 via checked.be.