SIBCO SYSTEMS: 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.
SIBCO SYSTEMS
Largest movements
- Current investments +€1.6m
up €1.6m (+361.8%), from €454,000 to €2.1m
- Tangible fixed assets -€1.5m
down €1.5m (-96.9%), from €1.6m to €49,553
- Receivables within one year +€338,760
up €338,760 (+1476.8%), from €22,939 to €361,699
- Reserves +€501,725
up €501,725 (+353.3%), from €142,015 to €643,740
- Provisions +€167,241
new in 2019: €167,241
- Debts after one year -€163,882
down €163,882 (-14.9%), from €1.1m to €937,985
- Profit (loss) carried forward -€97,039
down €97,039 (-15.2%), from €639,779 to €542,740
- Debts within one year +€28,406
up €28,406 (+16.5%), from €172,458 to €200,864
- Gross operating margin +€602,875
up €602,875 (+2679.8%), from €22,497 to €625,372
- Depreciation -€56,697
down €56,697 (-87.0%), from €65,178 to €8,481
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,081,119 | €2,517,570 | +€436,451 | +21.0% |
| Fixed assets | 21/28 | €1,589,067 | €49,553 | -€1.5m | -96.9% |
| Tangible fixed assets | 22/27 | €1,589,067 | €49,553 | -€1.5m | -96.9% |
| Current assets | 29/58 | €492,052 | €2,468,017 | +€2.0m | +401.6% |
| Amounts receivable within one year | 40/41 | €22,939 | €361,699 | +€338,760 | +1476.8% |
| Current investments | 50/53 | €454,000 | €2,096,376 | +€1.6m | +361.8% |
| Cash at bank and in hand | 54/58 | €15,113 | €9,942 | -€5,171 | -34.2% |
| Total equity and liabilities | 10/49 | €2,081,119 | €2,517,570 | +€436,451 | +21.0% |
| Equity | 10/15 | €806,794 | €1,211,480 | +€404,686 | +50.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €142,015 | €643,740 | +€501,725 | +353.3% |
| Profit (loss) carried forward | 14 | €639,779 | €542,740 | -€97,039 | -15.2% |
| Provisions and deferred taxes | 16 | - | €167,241 | +€167,241 | |
| Amounts payable | 17/49 | €1,274,325 | €1,138,849 | -€135,476 | -10.6% |
| Amounts payable after more than one year | 17 | €1,101,867 | €937,985 | -€163,882 | -14.9% |
| Amounts payable within one year | 42/48 | €172,458 | €200,864 | +€28,406 | +16.5% |
| Trade debts | 44 | €17,171 | €36,739 | +€19,568 | +114.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,178 | €8,481 | -€56,697 | -87.0% |
| Gross operating margin | 9900 | €22,497 | €625,372 | +€602,875 | +2679.8% |
| Operating profit (loss) | 9901 | -€57,542 | €602,547 | +€660,089 | |
| Recurring financial income | 75 | €10,620 | €11,686 | +€1,066 | +10.0% |
| Recurring financial charges | 65 | €47,621 | €42,305 | -€5,316 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,543 | €571,928 | +€666,471 | |
| Profit (loss) for the period | 9904 | -€94,543 | €404,686 | +€499,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,543 | -€97,039 | -€2,496 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.