SIDEVO: 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.
SIDEVO
Largest movements
- Tangible fixed assets -€31,795
down €31,795 (-6.9%), from €460,429 to €428,634
of which Land and buildings: -€38,704
- Cash +€22,054
up €22,054 (+18.8%), from €117,088 to €139,142
mainly Depreciation (+€42,071) and Net result for the year (+€25,489)
- Receivables within one year +€8,281
up €8,281 (+59.2%), from €14,000 to €22,280
of which Trade receivables: +€11,019
- Reserves +€25,489
up €25,489 (+8.0%), from €317,318 to €342,807
of which Distributable reserves: +€25,489
- Debts after one year -€13,133
down €13,133 (-5.4%), from €243,067 to €229,933
- Trade debts -€8,307
down €8,307 (-40.2%), from €20,667 to €12,360
- Current portion of long-term debt -€7,134
down €7,134 (-16.3%), from €43,794 to €36,661
- Depreciation -€9,824
down €9,824 (-18.9%), from €51,895 to €42,071
- Financial income +€5,997
up €5,997 (+68.1%), from €8,802 to €14,799
of which Non-recurring financial income: +€6,662
- Staff costs +€4,536
up €4,536 (+11.9%), from €38,195 to €42,731
- Gross operating margin -€3,600
down €3,600 (-2.9%), from €125,200 to €121,599
- Other operating charges -€2,836
down €2,836 (-49.1%), from €5,782 to €2,946
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 | €689,528 | €685,497 | -€4,031 | -0.6% |
| Fixed assets | 21/28 | €466,429 | €434,634 | -€31,795 | -6.8% |
| Tangible fixed assets | 22/27 | €460,429 | €428,634 | -€31,795 | -6.9% |
| Land and buildings | 22 | €421,817 | €383,113 | -€38,704 | -9.2% |
| Plant, machinery and equipment | 23 | - | €1,749 | +€1,749 | |
| Furniture and vehicles | 24 | €38,613 | €43,773 | +€5,160 | +13.4% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €223,099 | €250,863 | +€27,764 | +12.4% |
| Stocks and contracts in progress | 3 | €87,505 | €86,569 | -€936 | -1.1% |
| Stocks | 30/36 | €87,505 | €86,569 | -€936 | -1.1% |
| Amounts receivable within one year | 40/41 | €14,000 | €22,280 | +€8,281 | +59.2% |
| Trade receivables | 40 | €7,575 | €18,594 | +€11,019 | +145.5% |
| Other amounts receivable | 41 | €6,424 | €3,687 | -€2,738 | -42.6% |
| Cash at bank and in hand | 54/58 | €117,088 | €139,142 | +€22,054 | +18.8% |
| Deferred charges and accrued income | 490/1 | €4,507 | €2,871 | -€1,635 | -36.3% |
| Total equity and liabilities | 10/49 | €689,528 | €685,497 | -€4,031 | -0.6% |
| Equity | 10/15 | €329,718 | €355,207 | +€25,489 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €317,318 | €342,807 | +€25,489 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €245 | €245 | = | 0.0% |
| Distributable reserves | 133 | €315,213 | €340,702 | +€25,489 | +8.1% |
| Amounts payable | 17/49 | €359,810 | €330,290 | -€29,520 | -8.2% |
| Amounts payable after more than one year | 17 | €243,067 | €229,933 | -€13,133 | -5.4% |
| Financial debts | 170/4 | €243,067 | €229,933 | -€13,133 | -5.4% |
| Amounts payable within one year | 42/48 | €115,413 | €100,357 | -€15,057 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €43,794 | €36,661 | -€7,134 | -16.3% |
| Trade debts | 44 | €20,667 | €12,360 | -€8,307 | -40.2% |
| Suppliers | 440/4 | €20,667 | €12,360 | -€8,307 | -40.2% |
| Taxes, remuneration and social security | 45 | €30,556 | €30,612 | +€56 | +0.2% |
| Taxes | 450/3 | €22,409 | €21,747 | -€662 | -3.0% |
| Remuneration and social security | 454/9 | €8,147 | €8,865 | +€718 | +8.8% |
| Other amounts payable | 47/48 | €20,396 | €20,724 | +€328 | +1.6% |
| Accrued charges and deferred income | 492/3 | €1,330 | €0 | -€1,330 | -100.0% |
| Remuneration, social security and pensions | 62 | €38,195 | €42,731 | +€4,536 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,895 | €42,071 | -€9,824 | -18.9% |
| Other operating charges | 640/8 | €5,782 | €2,946 | -€2,836 | -49.1% |
| Non-recurring operating charges | 66A | €0 | €3,266 | +€3,266 | |
| Gross operating margin | 9900 | €125,200 | €121,599 | -€3,600 | -2.9% |
| Operating profit (loss) | 9901 | €29,328 | €30,586 | +€1,258 | +4.3% |
| Financial income | 75/76B | €8,802 | €14,799 | +€5,997 | +68.1% |
| Recurring financial income | 75 | €8,802 | €8,137 | -€665 | -7.6% |
| Non-recurring financial income | 76B | - | €6,662 | +€6,662 | |
| Financial charges | 65/66B | €9,213 | €9,071 | -€142 | -1.5% |
| Recurring financial charges | 65 | €9,213 | €9,071 | -€142 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €28,917 | €36,314 | +€7,397 | +25.6% |
| Income taxes | 67/77 | €10,148 | €10,825 | +€677 | +6.7% |
| Profit (loss) for the period | 9904 | €18,770 | €25,489 | +€6,720 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,770 | €25,489 | +€6,720 | +35.8% |
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.