SIBECA: 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.
SIBECA
Largest movements
- Cash -€108,667
down €108,667 (-99.5%), from €109,175 to €508
mainly Receivables after one year (-€101,923) and Other debts (-€34,229)
- Receivables after one year +€101,923
up €101,923 (+46.2%), from €220,827 to €322,750
- Receivables within one year -€66,737
down €66,737 (-59.1%), from €112,852 to €46,115
of which Trade receivables: -€71,492
- Other debts -€34,229
down €34,229 (-54.0%), from €63,441 to €29,212
- Reserves -€28,474
down €28,474 (-10.0%), from €283,551 to €255,077
- Tax, wage and social debts -€8,655
down €8,655 (-38.2%), from €22,668 to €14,013
of which Taxes: -€8,655
- Gross operating margin -€30,501
down €30,501 (-87.9%), from €34,717 to €4,216
- Taxes -€8,657
down €8,657 (-88.0%), from €9,837 to €1,180
- Financial income -€951
down €951 (-81.6%), from €1,166 to €215
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 | €444,743 | €371,315 | -€73,428 | -16.5% |
| Fixed assets | 21/28 | €808 | €808 | = | 0.0% |
| Financial fixed assets | 28 | €808 | €808 | = | 0.0% |
| Current assets | 29/58 | €443,935 | €370,507 | -€73,428 | -16.5% |
| Amounts receivable after more than one year | 29 | €220,827 | €322,750 | +€101,923 | +46.2% |
| Other amounts receivable | 291 | €220,827 | €322,750 | +€101,923 | +46.2% |
| Amounts receivable within one year | 40/41 | €112,852 | €46,115 | -€66,737 | -59.1% |
| Trade receivables | 40 | €89,540 | €18,048 | -€71,492 | -79.8% |
| Other amounts receivable | 41 | €23,312 | €28,067 | +€4,755 | +20.4% |
| Cash at bank and in hand | 54/58 | €109,175 | €508 | -€108,667 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,081 | €1,134 | +€53 | +4.9% |
| Total equity and liabilities | 10/49 | €444,743 | €371,315 | -€73,428 | -16.5% |
| Equity | 10/15 | €330,439 | €301,965 | -€28,474 | -8.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €283,551 | €255,077 | -€28,474 | -10.0% |
| Distributable reserves | 133 | €283,551 | €255,077 | -€28,474 | -10.0% |
| Profit (loss) carried forward | 14 | -€14,612 | -€14,612 | = | 0.0% |
| Amounts payable | 17/49 | €114,304 | €69,350 | -€44,954 | -39.3% |
| Amounts payable after more than one year | 17 | €875 | €875 | = | 0.0% |
| Other amounts payable | 178/9 | €875 | €875 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,249 | €44,400 | -€42,849 | -49.1% |
| Trade debts | 44 | €1,140 | €1,175 | +€35 | +3.1% |
| Suppliers | 440/4 | €1,140 | €1,175 | +€35 | +3.1% |
| Taxes, remuneration and social security | 45 | €22,668 | €14,013 | -€8,655 | -38.2% |
| Taxes | 450/3 | €19,543 | €10,888 | -€8,655 | -44.3% |
| Remuneration and social security | 454/9 | €3,125 | €3,125 | = | 0.0% |
| Other amounts payable | 47/48 | €63,441 | €29,212 | -€34,229 | -54.0% |
| Accrued charges and deferred income | 492/3 | €26,180 | €24,075 | -€2,105 | -8.0% |
| Other operating charges | 640/8 | €713 | €784 | +€71 | +10.0% |
| Gross operating margin | 9900 | €34,717 | €4,216 | -€30,501 | -87.9% |
| Operating profit (loss) | 9901 | €34,004 | €3,432 | -€30,572 | -89.9% |
| Financial income | 75/76B | €1,166 | €215 | -€951 | -81.6% |
| Recurring financial income | 75 | €1,166 | €215 | -€951 | -81.6% |
| Financial charges | 65/66B | €221 | €192 | -€29 | -13.1% |
| Recurring financial charges | 65 | €221 | €192 | -€29 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €34,949 | €3,455 | -€31,494 | -90.1% |
| Income taxes | 67/77 | €9,837 | €1,180 | -€8,657 | -88.0% |
| Profit (loss) for the period | 9904 | €25,112 | €2,275 | -€22,837 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,112 | €2,275 | -€22,837 | -90.9% |
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.