SIBEMIDA: 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.
SIBEMIDA
Largest movements
- Tangible fixed assets -€12,215
down €12,215 (-5.4%), from €225,002 to €212,787
- Receivables within one year +€11,778
up €11,778 (+12.7%), from €93,019 to €104,797
- Cash +€7,984
up €7,984 (+279.5%), from €2,856 to €10,840
mainly Depreciation (+€12,215) and Trade debts (+€4,032)
- Trade debts +€4,032
up €4,032 (+3200.1%), from €126 to €4,158
- Tax, wage and social debts +€3,323
up €3,323 (+122.2%), from €2,718 to €6,041
- Financial charges +€647
up €647 (+1541.2%), from €42 to €689
- Taxes +€605
up €605 (+22.2%), from €2,718 to €3,323
- Gross operating margin -€400
down €400 (-2.5%), from €16,154 to €15,754
- Depreciation -€255
down €255 (-2.0%), from €12,470 to €12,215
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 | €320,877 | €328,424 | +€7,547 | +2.4% |
| Fixed assets | 21/28 | €225,002 | €212,787 | -€12,215 | -5.4% |
| Tangible fixed assets | 22/27 | €225,002 | €212,787 | -€12,215 | -5.4% |
| Land and buildings | 22 | €225,002 | €212,787 | -€12,215 | -5.4% |
| Current assets | 29/58 | €95,875 | €115,637 | +€19,761 | +20.6% |
| Amounts receivable within one year | 40/41 | €93,019 | €104,797 | +€11,778 | +12.7% |
| Other amounts receivable | 41 | €93,019 | €104,797 | +€11,778 | +12.7% |
| Cash at bank and in hand | 54/58 | €2,856 | €10,840 | +€7,984 | +279.5% |
| Total equity and liabilities | 10/49 | €320,877 | €328,424 | +€7,547 | +2.4% |
| Equity | 10/15 | €287,392 | €287,317 | -€75 | 0.0% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €92,392 | €92,317 | -€75 | -0.1% |
| Tax-exempt reserves | 132 | €85,292 | €79,972 | -€5,321 | -6.2% |
| Distributable reserves | 133 | €7,100 | €12,346 | +€5,246 | +73.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €28,431 | €26,657 | -€1,774 | -6.2% |
| Deferred taxes | 168 | €28,431 | €26,657 | -€1,774 | -6.2% |
| Amounts payable | 17/49 | €5,054 | €14,450 | +€9,395 | +185.9% |
| Amounts payable within one year | 42/48 | €3,344 | €10,699 | +€7,355 | +219.9% |
| Trade debts | 44 | €126 | €4,158 | +€4,032 | +3200.1% |
| Suppliers | 440/4 | €126 | €4,158 | +€4,032 | +3200.1% |
| Taxes, remuneration and social security | 45 | €2,718 | €6,041 | +€3,323 | +122.2% |
| Taxes | 450/3 | €2,718 | €6,041 | +€3,323 | +122.2% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,710 | €3,750 | +€2,040 | +119.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,470 | €12,215 | -€255 | -2.0% |
| Other operating charges | 640/8 | €1,336 | €1,376 | +€40 | +3.0% |
| Gross operating margin | 9900 | €16,154 | €15,754 | -€400 | -2.5% |
| Operating profit (loss) | 9901 | €2,348 | €2,163 | -€185 | -7.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €42 | €689 | +€647 | +1541.2% |
| Recurring financial charges | 65 | €42 | €689 | +€647 | +1541.2% |
| Profit (loss) for the period before taxes | 9903 | €2,306 | €1,474 | -€832 | -36.1% |
| Transfer from deferred taxes | 780 | €1,774 | €1,774 | = | 0.0% |
| Income taxes | 67/77 | €2,718 | €3,323 | +€605 | +22.2% |
| Profit (loss) for the period | 9904 | €1,361 | -€75 | -€1,437 | |
| Transfer from tax-exempt reserves | 789 | €5,321 | €5,321 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,682 | €5,246 | -€1,437 | -21.5% |
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 4 October 2026 via checked.be.