SIDICO: 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.
SIDICO
Largest movements
- Tangible fixed assets -€132,952
down €132,952 (-18.9%), from €703,062 to €570,110
of which Plant, machinery and equipment: -€86,919
- Receivables within one year +€74,331
up €74,331 (+9.9%), from €752,232 to €826,563
of which Other amounts receivable: +€111,726
- Cash +€55,231
up €55,231 (+28.8%), from €191,725 to €246,955
- Stocks and contracts +€53,865
up €53,865 (+22.9%), from €234,749 to €288,614
- Deferred charges and accrued income +€25,150
new in 2025: €25,150
- Trade debts +€180,424
up €180,424 (+28.5%), from €631,994 to €812,418
- Tax, wage and social debts -€156,869
down €156,869 (-34.0%), from €461,414 to €304,545
of which Remuneration and social security: -€222,789
- Accrued charges and deferred income +€80,000
new in 2025: €80,000
- Current portion of long-term debt +€77,773
up €77,773 (+61.0%), from €127,503 to €205,276
- Reserves -€75,863
down €75,863 (-20.2%), from €375,879 to €300,016
of which Tax-exempt reserves: -€75,863
- Gross operating margin +€3.0m
up €3.0m (+109.6%), from €2.7m to €5.6m
- Staff costs +€2.5m
up €2.5m (+90.4%), from €2.7m to €5.2m
- Financial charges +€90,117
up €90,117 (+291.5%), from €30,916 to €121,033
- Depreciation +€87,114
up €87,114 (+62.8%), from €138,791 to €225,905
- Taxes +€82,127
up €82,127 (+545.9%), from €15,044 to €97,170
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,887,496 | €1,963,121 | +€75,624 | +4.0% |
| Fixed assets | 21/28 | €708,791 | €575,839 | -€132,952 | -18.8% |
| Tangible fixed assets | 22/27 | €703,062 | €570,110 | -€132,952 | -18.9% |
| Land and buildings | 22 | €157,911 | €146,062 | -€11,849 | -7.5% |
| Plant, machinery and equipment | 23 | €481,426 | €394,507 | -€86,919 | -18.1% |
| Furniture and vehicles | 24 | €26,948 | €3,346 | -€23,602 | -87.6% |
| Other tangible fixed assets | 26 | €36,776 | €26,194 | -€10,582 | -28.8% |
| Financial fixed assets | 28 | €5,729 | €5,729 | = | 0.0% |
| Current assets | 29/58 | €1,178,706 | €1,387,282 | +€208,576 | +17.7% |
| Stocks and contracts in progress | 3 | €234,749 | €288,614 | +€53,865 | +22.9% |
| Stocks | 30/36 | €234,749 | €288,614 | +€53,865 | +22.9% |
| Amounts receivable within one year | 40/41 | €752,232 | €826,563 | +€74,331 | +9.9% |
| Trade receivables | 40 | €272,373 | €234,977 | -€37,395 | -13.7% |
| Other amounts receivable | 41 | €479,859 | €591,585 | +€111,726 | +23.3% |
| Cash at bank and in hand | 54/58 | €191,725 | €246,955 | +€55,231 | +28.8% |
| Deferred charges and accrued income | 490/1 | - | €25,150 | +€25,150 | |
| Total equity and liabilities | 10/49 | €1,887,496 | €1,963,121 | +€75,624 | +4.0% |
| Equity | 10/15 | €506,357 | €462,943 | -€43,414 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €375,879 | €300,016 | -€75,863 | -20.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €369,679 | €293,816 | -€75,863 | -20.5% |
| Profit (loss) carried forward | 14 | €68,478 | €100,928 | +€32,449 | +47.4% |
| Provisions and deferred taxes | 16 | €123,226 | €97,939 | -€25,288 | -20.5% |
| Deferred taxes | 168 | €123,226 | €97,939 | -€25,288 | -20.5% |
| Amounts payable | 17/49 | €1,257,913 | €1,402,239 | +€144,326 | +11.5% |
| Amounts payable after more than one year | 17 | €37,002 | - | -€37,002 | |
| Financial debts | 170/4 | €37,002 | - | -€37,002 | |
| Amounts payable within one year | 42/48 | €1,220,911 | €1,322,239 | +€101,328 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €127,503 | €205,276 | +€77,773 | +61.0% |
| Trade debts | 44 | €631,994 | €812,418 | +€180,424 | +28.5% |
| Suppliers | 440/4 | €631,994 | €812,418 | +€180,424 | +28.5% |
| Taxes, remuneration and social security | 45 | €461,414 | €304,545 | -€156,869 | -34.0% |
| Taxes | 450/3 | €10,575 | €76,496 | +€65,921 | +623.3% |
| Remuneration and social security | 454/9 | €450,838 | €228,049 | -€222,789 | -49.4% |
| Accrued charges and deferred income | 492/3 | - | €80,000 | +€80,000 | |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €2,740,915 | €5,219,780 | +€2.5m | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,791 | €225,905 | +€87,114 | +62.8% |
| Other operating charges | 640/8 | €9,231 | €41,935 | +€32,704 | +354.3% |
| Non-recurring operating charges | 66A | - | €6,387 | +€6,387 | |
| Gross operating margin | 9900 | €2,692,522 | €5,643,507 | +€3.0m | +109.6% |
| Operating profit (loss) | 9901 | -€196,414 | €149,500 | +€345,914 | |
| Financial income | 75/76B | €21,678 | €1 | -€21,676 | -100.0% |
| Recurring financial income | 75 | €21,678 | €1 | -€21,676 | -100.0% |
| Financial charges | 65/66B | €30,916 | €121,033 | +€90,117 | +291.5% |
| Recurring financial charges | 65 | €30,916 | €121,033 | +€90,117 | +291.5% |
| Profit (loss) for the period before taxes | 9903 | -€205,652 | €28,468 | +€234,121 | |
| Transfer from deferred taxes | 780 | €25,288 | €25,288 | = | 0.0% |
| Income taxes | 67/77 | €15,044 | €97,170 | +€82,127 | +545.9% |
| Profit (loss) for the period | 9904 | -€195,408 | -€43,414 | +€151,994 | +77.8% |
| Transfer from tax-exempt reserves | 789 | €75,863 | €75,863 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,545 | €32,449 | +€151,994 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.