Sideris Projects: 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.
Sideris Projects
Largest movements
- Receivables within one year -€5,596
down €5,596 (-61.6%), from €9,091 to €3,495
of which Trade receivables: -€3,847
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€895
up €895 (+17.2%), from €5,215 to €6,110
- Depreciation +€725
up €725 (+36.3%), from €1,999 to €2,724
- Financial income -€414
down €414 (-71.4%), from €580 to €166
- Other operating charges +€130
up €130 (+4.5%), from €2,918 to €3,048
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 | €235,463 | €232,029 | -€3,434 | -1.5% |
| Fixed assets | 21/28 | €6,226 | €7,597 | +€1,371 | +22.0% |
| Tangible fixed assets | 22/27 | €6,226 | €7,597 | +€1,371 | +22.0% |
| Furniture and vehicles | 24 | €6,226 | €7,597 | +€1,371 | +22.0% |
| Current assets | 29/58 | €229,237 | €224,432 | -€4,805 | -2.1% |
| Amounts receivable within one year | 40/41 | €9,091 | €3,495 | -€5,596 | -61.6% |
| Trade receivables | 40 | €7,084 | €3,237 | -€3,847 | -54.3% |
| Other amounts receivable | 41 | €2,008 | €258 | -€1,749 | -87.1% |
| Cash at bank and in hand | 54/58 | €8,182 | €8,972 | +€791 | +9.7% |
| Deferred charges and accrued income | 490/1 | €211,965 | €211,965 | = | 0.0% |
| Total equity and liabilities | 10/49 | €235,463 | €232,029 | -€3,434 | -1.5% |
| Equity | 10/15 | €57,319 | €57,546 | +€227 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,681 | -€42,454 | +€227 | +0.5% |
| Amounts payable | 17/49 | €178,144 | €174,483 | -€3,661 | -2.1% |
| Amounts payable after more than one year | 17 | €160,654 | €160,654 | = | 0.0% |
| Financial debts | 170/4 | €160,654 | €160,654 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,490 | €13,829 | -€3,661 | -20.9% |
| Trade debts | 44 | €1,832 | €0 | -€1,832 | -100.0% |
| Suppliers | 440/4 | €1,832 | €0 | -€1,832 | -100.0% |
| Taxes, remuneration and social security | 45 | €258 | €373 | +€115 | +44.7% |
| Taxes | 450/3 | €258 | €373 | +€115 | +44.7% |
| Other amounts payable | 47/48 | €15,400 | €13,456 | -€1,944 | -12.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,999 | €2,724 | +€725 | +36.3% |
| Other operating charges | 640/8 | €2,918 | €3,048 | +€130 | +4.5% |
| Gross operating margin | 9900 | €5,215 | €6,110 | +€895 | +17.2% |
| Operating profit (loss) | 9901 | €298 | €338 | +€40 | +13.5% |
| Financial income | 75/76B | €580 | €166 | -€414 | -71.4% |
| Recurring financial income | 75 | €580 | €166 | -€414 | -71.4% |
| Financial charges | 65/66B | €139 | €138 | -€1 | -0.6% |
| Recurring financial charges | 65 | €139 | €138 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €739 | €366 | -€373 | -50.5% |
| Income taxes | 67/77 | €140 | €139 | -€1 | -0.5% |
| Profit (loss) for the period | 9904 | €599 | €227 | -€372 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €599 | €227 | -€372 | -62.2% |
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 7 October 2026 via checked.be.