SIBAY: 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.
SIBAY
Largest movements
- Tangible fixed assets -€29,922
down €29,922 (-5.6%), from €531,445 to €501,523
- Profit (loss) carried forward -€34,512
down €34,512 (-10.3%), from -€336,204 to -€370,716
- Other debts +€28,102
up €28,102 (+15.8%), from €177,813 to €205,915
- Debts after one year -€25,228
down €25,228 (-3.9%), from €647,519 to €622,292
- Financial charges -€3,087
down €3,087 (-10.6%), from €29,235 to €26,148
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 | €535,559 | €505,068 | -€30,490 | -5.7% |
| Fixed assets | 21/28 | €531,445 | €501,523 | -€29,922 | -5.6% |
| Tangible fixed assets | 22/27 | €531,445 | €501,523 | -€29,922 | -5.6% |
| Land and buildings | 22 | €531,445 | €501,523 | -€29,922 | -5.6% |
| Current assets | 29/58 | €4,114 | €3,546 | -€568 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,734 | €0 | -€1,734 | -100.0% |
| Trade receivables | 40 | €1,734 | €0 | -€1,734 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,550 | €2,886 | +€1,336 | +86.2% |
| Deferred charges and accrued income | 490/1 | €830 | €660 | -€170 | -20.5% |
| Total equity and liabilities | 10/49 | €535,559 | €505,068 | -€30,490 | -5.7% |
| Equity | 10/15 | -€317,604 | -€352,116 | -€34,512 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,204 | -€370,716 | -€34,512 | -10.3% |
| Amounts payable | 17/49 | €853,163 | €857,184 | +€4,022 | +0.5% |
| Amounts payable after more than one year | 17 | €647,519 | €622,292 | -€25,228 | -3.9% |
| Financial debts | 170/4 | €647,519 | €622,292 | -€25,228 | -3.9% |
| Amounts payable within one year | 42/48 | €205,643 | €234,893 | +€29,249 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €24,325 | €25,228 | +€903 | +3.7% |
| Financial debts | 43 | €2,714 | €1,910 | -€804 | -29.6% |
| Credit institutions | 430/8 | €2,714 | €1,910 | -€804 | -29.6% |
| Trade debts | 44 | €792 | €1,840 | +€1,048 | +132.3% |
| Suppliers | 440/4 | €792 | €1,840 | +€1,048 | +132.3% |
| Other amounts payable | 47/48 | €177,813 | €205,915 | +€28,102 | +15.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,393 | €31,458 | +€66 | +0.2% |
| Other operating charges | 640/8 | €4,456 | €4,590 | +€134 | +3.0% |
| Gross operating margin | 9900 | €27,930 | €27,684 | -€246 | -0.9% |
| Operating profit (loss) | 9901 | -€7,918 | -€8,364 | -€446 | -5.6% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100.0% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100.0% |
| Financial charges | 65/66B | €29,235 | €26,148 | -€3,087 | -10.6% |
| Recurring financial charges | 65 | €29,235 | €26,148 | -€3,087 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,109 | -€34,512 | +€2,597 | +7.0% |
| Profit (loss) for the period | 9904 | -€37,109 | -€34,512 | +€2,597 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,109 | -€34,512 | +€2,597 | +7.0% |
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.