SIDHECON: 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.
SIDHECON
Largest movements
- Receivables within one year -€14,467
down €14,467 (-92.7%), from €15,606 to €1,139
of which Trade receivables: -€14,022
- Cash -€12,687
down €12,687 (-19.0%), from €66,618 to €53,931
mainly Tax, wage and social debts (-€18,854) and Debts after one year (-€8,712)
- Tangible fixed assets -€11,980
down €11,980 (-22.2%), from €53,959 to €41,979
- Tax, wage and social debts -€18,854
down €18,854 (-55.5%), from €33,949 to €15,095
- Debts after one year -€8,712
down €8,712 (-37.5%), from €23,242 to €14,530
- Current portion of long-term debt -€4,746
down €4,746 (-35.3%), from €13,458 to €8,712
- Profit (loss) carried forward -€3,172
new in 2024: -€3,172
- Trade debts -€3,115
down €3,115 (-92.9%), from €3,353 to €238
- Gross operating margin -€48,261
down €48,261 (-80.8%), from €59,693 to €11,432
- Taxes -€14,809
down €14,809 (-97.3%), from €15,227 to €418
- Depreciation +€6,039
up €6,039 (+101.7%), from €5,941 to €11,980
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,737 | €98,867 | -€38,870 | -28.2% |
| Fixed assets | 21/28 | €53,959 | €41,979 | -€11,980 | -22.2% |
| Tangible fixed assets | 22/27 | €53,959 | €41,979 | -€11,980 | -22.2% |
| Furniture and vehicles | 24 | €53,959 | €41,979 | -€11,980 | -22.2% |
| Current assets | 29/58 | €83,778 | €56,888 | -€26,890 | -32.1% |
| Amounts receivable within one year | 40/41 | €15,606 | €1,139 | -€14,467 | -92.7% |
| Trade receivables | 40 | €14,022 | - | -€14,022 | |
| Other amounts receivable | 41 | €1,584 | €1,139 | -€445 | -28.1% |
| Cash at bank and in hand | 54/58 | €66,618 | €53,931 | -€12,687 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,554 | €1,818 | +€264 | +17.0% |
| Total equity and liabilities | 10/49 | €137,737 | €98,867 | -€38,870 | -28.2% |
| Equity | 10/15 | €62,936 | €59,764 | -€3,172 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,936 | €57,936 | = | 0.0% |
| Distributable reserves | 133 | €57,936 | €57,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,172 | -€3,172 | |
| Amounts payable | 17/49 | €74,801 | €39,103 | -€35,699 | -47.7% |
| Amounts payable after more than one year | 17 | €23,242 | €14,530 | -€8,712 | -37.5% |
| Financial debts | 170/4 | €23,242 | €14,530 | -€8,712 | -37.5% |
| Amounts payable within one year | 42/48 | €51,559 | €24,045 | -€27,514 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €13,458 | €8,712 | -€4,746 | -35.3% |
| Trade debts | 44 | €3,353 | €238 | -€3,115 | -92.9% |
| Suppliers | 440/4 | €3,353 | €238 | -€3,115 | -92.9% |
| Taxes, remuneration and social security | 45 | €33,949 | €15,095 | -€18,854 | -55.5% |
| Taxes | 450/3 | €33,949 | €15,095 | -€18,854 | -55.5% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Accrued charges and deferred income | 492/3 | - | €528 | +€528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,941 | €11,980 | +€6,039 | +101.7% |
| Other operating charges | 640/8 | €758 | €960 | +€202 | +26.7% |
| Gross operating margin | 9900 | €59,693 | €11,432 | -€48,261 | -80.8% |
| Operating profit (loss) | 9901 | €52,995 | -€1,508 | -€54,503 | |
| Financial income | 75/76B | €43 | €102 | +€59 | +135.2% |
| Recurring financial income | 75 | €43 | €102 | +€59 | +135.2% |
| Financial charges | 65/66B | €1,126 | €1,348 | +€222 | +19.7% |
| Recurring financial charges | 65 | €1,126 | €1,348 | +€222 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €51,912 | -€2,754 | -€54,666 | |
| Income taxes | 67/77 | €15,227 | €418 | -€14,809 | -97.3% |
| Profit (loss) for the period | 9904 | €36,685 | -€3,172 | -€39,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,685 | -€3,172 | -€39,856 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.