SIBELIUS: 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.
SIBELIUS
Largest movements
- Cash -€72,665
down €72,665 (-57.1%), from €127,344 to €54,679
mainly Other debts (-€50,000) and Net result for the year (-€30,308)
- Other debts -€50,000
down €50,000 (-30.8%), from €162,529 to €112,529
- Profit (loss) carried forward -€30,311
down €30,311 (-34.0%), from €89,075 to €58,764
- Gross operating margin -€163,777
down €163,777, from €141,629 to -€22,148
- Purchases and services -€20,111
no longer reported in 2022 (was €20,111)
- Depreciation -€13,638
no longer reported in 2022 (was €13,638)
- Taxes +€6,000
new in 2022: €6,000
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €892,575 | €820,219 | -€72,356 | -8.1% |
| Fixed assets | 21/28 | €715,683 | €717,589 | +€1,906 | +0.3% |
| Tangible fixed assets | 22/27 | €715,683 | €717,589 | +€1,906 | +0.3% |
| Land and buildings | 22 | €659,653 | €659,653 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €1,234 | €3,140 | +€1,906 | +154% |
| Furniture and vehicles | 24 | €54,796 | €54,796 | +€0 | 0.0% |
| Current assets | 29/58 | €176,892 | €102,630 | -€74,262 | -42.0% |
| Amounts receivable within one year | 40/41 | €45,410 | €43,815 | -€1,595 | -3.5% |
| Trade receivables | 40 | €17,970 | €16,375 | -€1,595 | -8.9% |
| Other amounts receivable | 41 | €27,440 | €27,440 | -€0 | 0.0% |
| Current investments | 50/53 | €4,138 | €4,136 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €127,344 | €54,679 | -€72,665 | -57.1% |
| Total equity and liabilities | 10/49 | €892,575 | €820,219 | -€72,356 | -8.1% |
| Equity | 10/15 | €705,604 | €675,293 | -€30,311 | -4.3% |
| Contributions | 10/11 | €576,168 | €576,169 | +€1 | 0.0% |
| Capital | 10 | €576,168 | €576,169 | +€1 | 0.0% |
| Issued capital | 100 | €576,168 | €576,169 | +€1 | 0.0% |
| Reserves | 13 | €40,361 | €40,361 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €33,317 | €33,317 | -€0 | 0.0% |
| Legal reserve | 130 | €33,317 | €33,317 | -€0 | 0.0% |
| Distributable reserves | 133 | €7,044 | €7,044 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €89,075 | €58,764 | -€30,311 | -34.0% |
| Amounts payable | 17/49 | €186,971 | €144,926 | -€42,045 | -22.5% |
| Amounts payable within one year | 42/48 | €186,971 | €144,926 | -€42,045 | -22.5% |
| Financial debts | 43 | €139 | - | -€139 | |
| Credit institutions | 430/8 | €139 | - | -€139 | |
| Trade debts | 44 | €2,802 | €11,427 | +€8,625 | +308% |
| Suppliers | 440/4 | €2,802 | €11,427 | +€8,625 | +308% |
| Taxes, remuneration and social security | 45 | €21,501 | €20,970 | -€531 | -2.5% |
| Taxes | 450/3 | €21,501 | €20,970 | -€531 | -2.5% |
| Other amounts payable | 47/48 | €162,529 | €112,529 | -€50,000 | -30.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,111 | - | -€20,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,638 | - | -€13,638 | |
| Other operating charges | 640/8 | €1,588 | €1,638 | +€50 | +3.1% |
| Gross operating margin | 9900 | €141,629 | -€22,148 | -€163,777 | |
| Operating profit (loss) | 9901 | €126,403 | -€23,786 | -€150,189 | |
| Financial charges | 65/66B | €74 | €523 | +€449 | +606% |
| Recurring financial charges | 65 | €74 | €523 | +€449 | +606% |
| Profit (loss) for the period before taxes | 9903 | €126,329 | -€24,308 | -€150,637 | |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | €126,329 | -€30,308 | -€156,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €126,329 | -€30,308 | -€156,637 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.