SIB Management: what changed
Two financial 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.
SIB Management
Largest movements
- Current investments -€50,000
down €50,000 (-12.5%), from €400,000 to €350,000
- Tangible fixed assets +€30,754
new in 2025: €30,754
- Cash -€22,611
down €22,611 (-32.6%), from €69,457 to €46,847
mainly Investment in fixed assets (net) (-€38,635) and Other debts (-€30,000)
- Receivables within one year +€14,282
up €14,282 (+138.4%), from €10,322 to €24,604
of which Trade receivables: +€24,125
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Gross operating margin -€96,772
down €96,772, from €91,651 to -€5,120
- Financial charges -€34,806
down €34,806 (-99.0%), from €35,165 to €359
of which Non-recurring financial charges: -€35,000
- Financial income +€18,136
new in 2025: €18,136
- Taxes -€15,802
down €15,802 (-81.2%), from €19,459 to €3,657
- Depreciation +€7,881
new in 2025: €7,881
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 | €486,527 | €458,403 | -€28,124 | -5.8% |
| Fixed assets | 21/28 | €5,081 | €35,834 | +€30,754 | +605.3% |
| Tangible fixed assets | 22/27 | - | €30,754 | +€30,754 | |
| Furniture and vehicles | 24 | - | €30,754 | +€30,754 | |
| Financial fixed assets | 28 | €5,081 | €5,081 | = | 0.0% |
| Current assets | 29/58 | €481,446 | €422,569 | -€58,878 | -12.2% |
| Amounts receivable within one year | 40/41 | €10,322 | €24,604 | +€14,282 | +138.4% |
| Trade receivables | 40 | - | €24,125 | +€24,125 | |
| Other amounts receivable | 41 | €10,322 | €479 | -€9,843 | -95.4% |
| Current investments | 50/53 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €69,457 | €46,847 | -€22,611 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,667 | €1,118 | -€549 | -32.9% |
| Total equity and liabilities | 10/49 | €486,527 | €458,403 | -€28,124 | -5.8% |
| Equity | 10/15 | €451,232 | €451,993 | +€761 | +0.2% |
| Contributions | 10/11 | €3,617 | €3,617 | = | 0.0% |
| Reserves | 13 | €389,481 | €390,243 | +€761 | +0.2% |
| Distributable reserves | 133 | €389,481 | €390,243 | +€761 | +0.2% |
| Profit (loss) carried forward | 14 | €58,133 | €58,133 | = | 0.0% |
| Amounts payable | 17/49 | €35,295 | €6,410 | -€28,885 | -81.8% |
| Amounts payable within one year | 42/48 | €35,295 | €6,410 | -€28,885 | -81.8% |
| Trade debts | 44 | €1,644 | €2,669 | +€1,026 | +62.4% |
| Suppliers | 440/4 | €1,644 | €2,669 | +€1,026 | +62.4% |
| Taxes, remuneration and social security | 45 | €3,651 | €3,740 | +€89 | +2.4% |
| Taxes | 450/3 | €3,651 | €3,740 | +€89 | +2.4% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,881 | +€7,881 | |
| Other operating charges | 640/8 | €517 | €357 | -€160 | -31.0% |
| Gross operating margin | 9900 | €91,651 | -€5,120 | -€96,772 | |
| Operating profit (loss) | 9901 | €91,134 | -€13,358 | -€104,493 | |
| Financial income | 75/76B | - | €18,136 | +€18,136 | |
| Recurring financial income | 75 | - | €18,136 | +€18,136 | |
| Financial charges | 65/66B | €35,165 | €359 | -€34,806 | -99.0% |
| Recurring financial charges | 65 | €165 | €359 | +€194 | +117.2% |
| Non-recurring financial charges | 66B | €35,000 | - | -€35,000 | |
| Profit (loss) for the period before taxes | 9903 | €55,969 | €4,418 | -€51,551 | -92.1% |
| Income taxes | 67/77 | €19,459 | €3,657 | -€15,802 | -81.2% |
| Profit (loss) for the period | 9904 | €36,510 | €761 | -€35,749 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,510 | €761 | -€35,749 | -97.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.