SIBE Group: what changed
What changed
SIBE Group
filed annual accounts (NBB)
Net result for the year
-€3,062
2024 · €3,990-€7,052
Equity
-€82,733
2024 · -€79,671-€3,062
Cash
€6,453
2024 · €3,055+€3,398
Balance sheet total
€1.1m
2024 · €737,550+€343,229
Largest movements
Assets
- Stocks and contracts +€350,625
up €350,625 (+80.6%), from €435,037 to €785,662
Equity and liabilities
- Other debts +€354,714
up €354,714 (+135%), from €263,463 to €618,177
- Debts after one year -€235,727
down €235,727 (-52.4%), from €450,171 to €214,444
- Current portion of long-term debt +€225,684
up €225,684 (+1,486%), from €15,191 to €240,875
Income statement
- Gross operating margin -€4,443
down €4,443 (-21.1%), from €21,080 to €16,637
- Financial charges +€2,564
up €2,564 (+35.1%), from €7,315 to €9,879
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,990
Gross operating margin
-€4,443
Other operating charges
-€45
Financial charges
-€2,564
Result 2025
-€3,062
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,441
Investment
€0
Financing
-€10,043
Cash 2024
€3,055
From operations (derived)
+€13,441
Net result for the year
-€3,062
Depreciation
+€8,294
Stocks and contracts
-€350,625
Receivables within one year
+€2,500
Trade debts
+€1,620
Other debts
+€354,714
Financing
-€10,043
Debts after one year
-€235,727
Current portion of long-term debt
+€225,684
Cash 2025
€6,453
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €737,550 | €1,080,779 | +€343,229 | +46.5% |
| Fixed assets | 21/28 | €296,958 | €288,664 | -€8,294 | -2.8% |
| Tangible fixed assets | 22/27 | €296,958 | €288,664 | -€8,294 | -2.8% |
| Land and buildings | 22 | €296,958 | €288,664 | -€8,294 | -2.8% |
| Current assets | 29/58 | €440,592 | €792,115 | +€351,524 | +79.8% |
| Stocks and contracts in progress | 3 | €435,037 | €785,662 | +€350,625 | +80.6% |
| Stocks | 30/36 | €435,037 | €785,662 | +€350,625 | +80.6% |
| Amounts receivable within one year | 40/41 | €2,500 | €0 | -€2,500 | -100% |
| Trade receivables | 40 | €2,500 | €0 | -€2,500 | -100% |
| Cash at bank and in hand | 54/58 | €3,055 | €6,453 | +€3,398 | +111% |
| Total equity and liabilities | 10/49 | €737,550 | €1,080,779 | +€343,229 | +46.5% |
| Equity | 10/15 | -€79,671 | -€82,733 | -€3,062 | -3.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,671 | -€85,733 | -€3,062 | -3.7% |
| Amounts payable | 17/49 | €817,221 | €1,163,512 | +€346,291 | +42.4% |
| Amounts payable after more than one year | 17 | €450,171 | €214,444 | -€235,727 | -52.4% |
| Financial debts | 170/4 | €450,171 | €214,444 | -€235,727 | -52.4% |
| Amounts payable within one year | 42/48 | €367,050 | €949,068 | +€582,018 | +159% |
| Current portion of amounts payable after more than one year | 42 | €15,191 | €240,875 | +€225,684 | +1,486% |
| Trade debts | 44 | €88,395 | €90,015 | +€1,620 | +1.8% |
| Suppliers | 440/4 | €88,395 | €90,015 | +€1,620 | +1.8% |
| Other amounts payable | 47/48 | €263,463 | €618,177 | +€354,714 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,294 | €8,294 | = | 0.0% |
| Other operating charges | 640/8 | €1,481 | €1,526 | +€45 | +3.0% |
| Gross operating margin | 9900 | €21,080 | €16,637 | -€4,443 | -21.1% |
| Operating profit (loss) | 9901 | €11,305 | €6,817 | -€4,488 | -39.7% |
| Financial charges | 65/66B | €7,315 | €9,879 | +€2,564 | +35.1% |
| Recurring financial charges | 65 | €7,315 | €9,879 | +€2,564 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €3,990 | -€3,062 | -€7,052 | |
| Profit (loss) for the period | 9904 | €3,990 | -€3,062 | -€7,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,990 | -€3,062 | -€7,052 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.