SIBELE: 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.
SIBELE
Largest movements
- Cash +€26,623
up €26,623 (+334.3%), from €7,964 to €34,587
mainly Other debts (+€49,763) and Trade debts (+€73)
- Other debts +€49,763
up €49,763 (+10.5%), from €472,223 to €521,986
- Reserves -€16,630
down €16,630 (-70.5%), from €23,584 to €6,954
- Financial charges +€12,857
up €12,857 (+3329.7%), from €386 to €13,243
- Gross operating margin -€266
down €266 (-9.8%), from -€2,721 to -€2,988
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 | €519,719 | €550,342 | +€30,623 | +5.9% |
| Fixed assets | 21/28 | €501,755 | €501,755 | = | 0.0% |
| Financial fixed assets | 28 | €501,755 | €501,755 | = | 0.0% |
| Current assets | 29/58 | €17,964 | €48,587 | +€30,623 | +170.5% |
| Amounts receivable within one year | 40/41 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Other amounts receivable | 41 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €7,964 | €34,587 | +€26,623 | +334.3% |
| Total equity and liabilities | 10/49 | €519,719 | €550,342 | +€30,623 | +5.9% |
| Equity | 10/15 | €43,584 | €26,954 | -€16,630 | -38.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,584 | €6,954 | -€16,630 | -70.5% |
| Distributable reserves | 133 | €23,584 | €6,954 | -€16,630 | -70.5% |
| Amounts payable | 17/49 | €476,135 | €523,388 | +€47,252 | +9.9% |
| Amounts payable within one year | 42/48 | €476,135 | €523,388 | +€47,252 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,583 | €0 | -€2,583 | -100.0% |
| Credit institutions | 430/8 | €2,583 | €0 | -€2,583 | -100.0% |
| Trade debts | 44 | €1,329 | €1,402 | +€73 | +5.5% |
| Suppliers | 440/4 | €1,329 | €1,402 | +€73 | +5.5% |
| Other amounts payable | 47/48 | €472,223 | €521,986 | +€49,763 | +10.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,721 | -€2,988 | -€266 | -9.8% |
| Operating profit (loss) | 9901 | -€3,109 | -€3,387 | -€279 | -9.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €386 | €13,243 | +€12,857 | +3329.7% |
| Recurring financial charges | 65 | €386 | €13,243 | +€12,857 | +3329.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,495 | -€16,630 | -€13,135 | -375.9% |
| Profit (loss) for the period | 9904 | -€3,495 | -€16,630 | -€13,135 | -375.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,495 | -€16,630 | -€13,135 | -375.9% |
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 5 October 2026 via checked.be.