SIBENCO: 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.
SIBENCO
Largest movements
- Tangible fixed assets +€39,562
up €39,562 (+19.6%), from €201,360 to €240,922
of which Furniture and vehicles: +€48,812
- Receivables within one year -€31,880
down €31,880 (-23.6%), from €134,913 to €103,033
of which Trade receivables: -€21,707
- Stocks and contracts -€4,000
no longer reported in 2024 (was €4,000)
- Trade debts -€26,108
down €26,108 (-25.2%), from €103,661 to €77,553
of which Bills of exchange payable: -€25,642
- Debts after one year +€21,391
up €21,391 (+16.4%), from €130,583 to €151,975
- Current portion of long-term debt +€13,383
up €13,383 (+80.8%), from €16,554 to €29,937
- Tax, wage and social debts -€8,908
down €8,908 (-72.1%), from €12,349 to €3,442
- Depreciation +€21,403
up €21,403 (+285%), from €7,509 to €28,912
- Other operating charges -€19,190
down €19,190 (-74.7%), from €25,697 to €6,508
- Financial charges -€10,114
down €10,114 (-89.1%), from €11,350 to €1,236
of which Non-recurring financial charges: -€8,957
- Gross operating margin -€8,718
down €8,718 (-18.3%), from €47,694 to €38,976
- Financial income -€8,684
no longer reported in 2024 (was €8,684)
of which Financial income: -€8,684
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,991 | €362,392 | +€1,400 | +0.4% |
| Fixed assets | 21/28 | €201,410 | €240,972 | +€39,562 | +19.6% |
| Tangible fixed assets | 22/27 | €201,360 | €240,922 | +€39,562 | +19.6% |
| Land and buildings | 22 | €183,458 | €174,208 | -€9,250 | -5.0% |
| Furniture and vehicles | 24 | €17,902 | €66,714 | +€48,812 | +273% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €159,581 | €121,419 | -€38,162 | -23.9% |
| Stocks and contracts in progress | 3 | €4,000 | - | -€4,000 | |
| Contracts in progress | 37 | €4,000 | - | -€4,000 | |
| Amounts receivable within one year | 40/41 | €134,913 | €103,033 | -€31,880 | -23.6% |
| Trade receivables | 40 | €107,541 | €85,834 | -€21,707 | -20.2% |
| Other amounts receivable | 41 | €27,372 | €17,199 | -€10,173 | -37.2% |
| Cash at bank and in hand | 54/58 | €20,668 | €18,386 | -€2,282 | -11.0% |
| Total equity and liabilities | 10/49 | €360,991 | €362,392 | +€1,400 | +0.4% |
| Equity | 10/15 | €87,844 | €89,485 | +€1,641 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,784 | €81,425 | +€1,641 | +2.1% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €263,147 | €262,906 | -€241 | -0.1% |
| Amounts payable after more than one year | 17 | €130,583 | €151,975 | +€21,391 | +16.4% |
| Financial debts | 170/4 | €130,583 | €151,975 | +€21,391 | +16.4% |
| Amounts payable within one year | 42/48 | €132,564 | €110,932 | -€21,632 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €16,554 | €29,937 | +€13,383 | +80.8% |
| Trade debts | 44 | €103,661 | €77,553 | -€26,108 | -25.2% |
| Suppliers | 440/4 | €4,034 | €3,568 | -€466 | -11.6% |
| Bills of exchange payable | 441 | €99,627 | €73,985 | -€25,642 | -25.7% |
| Taxes, remuneration and social security | 45 | €12,349 | €3,442 | -€8,908 | -72.1% |
| Taxes | 450/3 | €12,349 | €3,442 | -€8,908 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,509 | €28,912 | +€21,403 | +285% |
| Other operating charges | 640/8 | €25,697 | €6,508 | -€19,190 | -74.7% |
| Gross operating margin | 9900 | €47,694 | €38,976 | -€8,718 | -18.3% |
| Operating profit (loss) | 9901 | €14,488 | €3,556 | -€10,932 | -75.5% |
| Financial income | 75/76B | €8,684 | - | -€8,684 | |
| Recurring financial income | 75 | €8,684 | - | -€8,684 | |
| Non-recurring financial income | 76B | €8,684 | - | -€8,684 | |
| Financial charges | 65/66B | €11,350 | €1,236 | -€10,114 | -89.1% |
| Recurring financial charges | 65 | €2,393 | €1,236 | -€1,156 | -48.3% |
| Non-recurring financial charges | 66B | €8,957 | - | -€8,957 | |
| Profit (loss) for the period before taxes | 9903 | €11,822 | €2,320 | -€9,502 | -80.4% |
| Income taxes | 67/77 | €2,795 | €679 | -€2,116 | -75.7% |
| Profit (loss) for the period | 9904 | €9,027 | €1,641 | -€7,386 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,027 | €1,641 | -€7,386 | -81.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.