SIDOVER: 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.
SIDOVER
Largest movements
- Tangible fixed assets -€352,169
down €352,169 (-73.8%), from €477,494 to €125,325
of which Land and buildings: -€299,603
- Current investments +€308,170
up €308,170 (+102.7%), from €299,999 to €608,169
- Receivables within one year -€117,644
down €117,644 (-25.4%), from €463,854 to €346,210
of which Other amounts receivable: -€212,758
- Cash -€48,144
down €48,144 (-9.6%), from €499,865 to €451,721
mainly Contributions, distributions and other (-€399,924) and Current investments (-€308,170)
- Stocks and contracts +€28,258
up €28,258 (+31.4%), from €90,017 to €118,275
- Trade debts -€191,336
down €191,336 (-57.6%), from €332,158 to €140,821
- Other debts +€54,917
up €54,917 (+402.3%), from €13,651 to €68,568
- Tax, wage and social debts -€24,500
down €24,500 (-33.2%), from €73,756 to €49,255
of which Taxes: -€19,698
- Gross operating margin -€118,884
down €118,884 (-15.4%), from €773,124 to €654,240
- Staff costs -€48,966
down €48,966 (-69.8%), from €70,167 to €21,201
- Financial income +€8,631
up €8,631 (+2379.2%), from €363 to €8,994
- Taxes +€8,201
up €8,201 (+5.1%), from €161,830 to €170,032
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,860,867 | €1,658,131 | -€202,736 | -10.9% |
| Fixed assets | 21/28 | €478,368 | €126,199 | -€352,169 | -73.6% |
| Tangible fixed assets | 22/27 | €477,494 | €125,325 | -€352,169 | -73.8% |
| Land and buildings | 22 | €299,603 | €0 | -€299,603 | -100.0% |
| Plant, machinery and equipment | 23 | €76,730 | €57,077 | -€19,652 | -25.6% |
| Furniture and vehicles | 24 | €101,162 | €68,248 | -€32,914 | -32.5% |
| Financial fixed assets | 28 | €874 | €874 | = | 0.0% |
| Current assets | 29/58 | €1,382,498 | €1,531,931 | +€149,433 | +10.8% |
| Stocks and contracts in progress | 3 | €90,017 | €118,275 | +€28,258 | +31.4% |
| Stocks | 30/36 | €90,017 | €118,275 | +€28,258 | +31.4% |
| Amounts receivable within one year | 40/41 | €463,854 | €346,210 | -€117,644 | -25.4% |
| Trade receivables | 40 | €245,055 | €340,170 | +€95,115 | +38.8% |
| Other amounts receivable | 41 | €218,799 | €6,040 | -€212,758 | -97.2% |
| Current investments | 50/53 | €299,999 | €608,169 | +€308,170 | +102.7% |
| Cash at bank and in hand | 54/58 | €499,865 | €451,721 | -€48,144 | -9.6% |
| Deferred charges and accrued income | 490/1 | €28,764 | €7,556 | -€21,207 | -73.7% |
| Total equity and liabilities | 10/49 | €1,860,867 | €1,658,131 | -€202,736 | -10.9% |
| Equity | 10/15 | €1,400,411 | €1,382,882 | -€17,529 | -1.3% |
| Contributions | 10/11 | €18,600 | €14,969 | -€3,631 | -19.5% |
| Reserves | 13 | €1,381,811 | €1,367,912 | -€13,898 | -1.0% |
| Tax-exempt reserves | 132 | €341,368 | €341,715 | +€348 | +0.1% |
| Distributable reserves | 133 | €1,040,443 | €1,026,197 | -€14,246 | -1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €8,539 | €3,940 | -€4,600 | -53.9% |
| Deferred taxes | 168 | €8,539 | €3,940 | -€4,600 | -53.9% |
| Amounts payable | 17/49 | €451,917 | €271,310 | -€180,607 | -40.0% |
| Amounts payable after more than one year | 17 | €11,667 | €0 | -€11,667 | -100.0% |
| Financial debts | 170/4 | €11,667 | €0 | -€11,667 | -100.0% |
| Amounts payable within one year | 42/48 | €438,231 | €271,032 | -€167,199 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €18,667 | €12,387 | -€6,280 | -33.6% |
| Trade debts | 44 | €332,158 | €140,821 | -€191,336 | -57.6% |
| Suppliers | 440/4 | €332,158 | €140,821 | -€191,336 | -57.6% |
| Taxes, remuneration and social security | 45 | €73,756 | €49,255 | -€24,500 | -33.2% |
| Taxes | 450/3 | €68,954 | €49,255 | -€19,698 | -28.6% |
| Remuneration and social security | 454/9 | €4,802 | €0 | -€4,802 | -100.0% |
| Other amounts payable | 47/48 | €13,651 | €68,568 | +€54,917 | +402.3% |
| Accrued charges and deferred income | 492/3 | €2,019 | €278 | -€1,741 | -86.2% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100.0% |
| Remuneration, social security and pensions | 62 | €70,167 | €21,201 | -€48,966 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,949 | €70,068 | -€1,880 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,457 | €0 | -€5,457 | -100.0% |
| Other operating charges | 640/8 | €10,267 | €6,187 | -€4,080 | -39.7% |
| Gross operating margin | 9900 | €773,124 | €654,240 | -€118,884 | -15.4% |
| Operating profit (loss) | 9901 | €615,283 | €556,784 | -€58,499 | -9.5% |
| Financial income | 75/76B | €363 | €8,994 | +€8,631 | +2379.2% |
| Recurring financial income | 75 | €363 | €8,994 | +€8,631 | +2379.2% |
| Financial charges | 65/66B | €15,654 | €17,951 | +€2,297 | +14.7% |
| Recurring financial charges | 65 | €15,654 | €17,951 | +€2,297 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €599,992 | €547,826 | -€52,166 | -8.7% |
| Transfer from deferred taxes | 780 | €3,250 | €4,600 | +€1,350 | +41.5% |
| Income taxes | 67/77 | €161,830 | €170,032 | +€8,201 | +5.1% |
| Profit (loss) for the period | 9904 | €441,412 | €382,394 | -€59,017 | -13.4% |
| Transfer from tax-exempt reserves | 789 | €9,750 | €9,750 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €77,130 | -€238,620 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €135,412 | €315,015 | +€179,603 | +132.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.