SIBERDT PATRICK: 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.
SIBERDT PATRICK
Largest movements
- Receivables within one year -€60,502
down €60,502 (-79.0%), from €76,608 to €16,106
of which Trade receivables: -€51,886
- Current investments +€47,632
up €47,632 (+203%), from €23,429 to €71,061
- Cash -€21,605
down €21,605 (-46.3%), from €46,628 to €25,023
mainly Current investments (-€47,632) and Trade debts (-€37,978)
- Tangible fixed assets -€20,984
down €20,984 (-24.5%), from €85,697 to €64,713
of which Furniture and vehicles: -€16,698
- Trade debts -€37,978
down €37,978 (-95.0%), from €39,985 to €2,007
- Debts after one year -€11,643
down €11,643 (-29.1%), from €40,030 to €28,387
- Profit (loss) carried forward -€3,402
down €3,402 (-6.4%), from €53,000 to €49,598
- Tax, wage and social debts -€2,487
down €2,487 (-14.9%), from €16,669 to €14,182
- Gross operating margin -€51,292
down €51,292 (-66.8%), from €76,821 to €25,529
- Taxes -€16,626
down €16,626 (-98.3%), from €16,915 to €289
- Depreciation +€5,821
up €5,821 (+34.5%), from €16,877 to €22,699
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.
Derived cash bridge
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 | €235,493 | €181,505 | -€53,988 | -22.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €85,697 | €64,713 | -€20,984 | -24.5% |
| Tangible fixed assets | 22/27 | €85,697 | €64,713 | -€20,984 | -24.5% |
| Plant, machinery and equipment | 23 | €17,513 | €13,628 | -€3,885 | -22.2% |
| Furniture and vehicles | 24 | €66,629 | €49,931 | -€16,698 | -25.1% |
| Other tangible fixed assets | 26 | €1,555 | €1,154 | -€401 | -25.8% |
| Current assets | 29/58 | €149,796 | €116,792 | -€33,004 | -22.0% |
| Amounts receivable within one year | 40/41 | €76,608 | €16,106 | -€60,502 | -79.0% |
| Trade receivables | 40 | €56,848 | €4,963 | -€51,886 | -91.3% |
| Other amounts receivable | 41 | €19,760 | €11,144 | -€8,616 | -43.6% |
| Current investments | 50/53 | €23,429 | €71,061 | +€47,632 | +203% |
| Cash at bank and in hand | 54/58 | €46,628 | €25,023 | -€21,605 | -46.3% |
| Deferred charges and accrued income | 490/1 | €3,131 | €4,602 | +€1,470 | +47.0% |
| Total equity and liabilities | 10/49 | €235,493 | €181,505 | -€53,988 | -22.9% |
| Equity | 10/15 | €118,473 | €115,071 | -€3,402 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,274 | €59,274 | = | 0.0% |
| Distributable reserves | 133 | €59,274 | €59,274 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,000 | €49,598 | -€3,402 | -6.4% |
| Amounts payable | 17/49 | €117,020 | €66,433 | -€50,586 | -43.2% |
| Amounts payable after more than one year | 17 | €40,030 | €28,387 | -€11,643 | -29.1% |
| Financial debts | 170/4 | €40,030 | €28,387 | -€11,643 | -29.1% |
| Amounts payable within one year | 42/48 | €76,780 | €38,047 | -€38,733 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €11,101 | €11,643 | +€543 | +4.9% |
| Financial debts | 43 | - | €1,207 | +€1,207 | |
| Credit institutions | 430/8 | - | €1,207 | +€1,207 | |
| Trade debts | 44 | €39,985 | €2,007 | -€37,978 | -95.0% |
| Suppliers | 440/4 | €39,985 | €2,007 | -€37,978 | -95.0% |
| Taxes, remuneration and social security | 45 | €16,669 | €14,182 | -€2,487 | -14.9% |
| Taxes | 450/3 | €16,669 | €14,182 | -€2,487 | -14.9% |
| Other amounts payable | 47/48 | €9,025 | €9,008 | -€17 | -0.2% |
| Accrued charges and deferred income | 492/3 | €210 | - | -€210 | |
| Non-recurring operating income | 76A | - | €2,172 | +€2,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,877 | €22,699 | +€5,821 | +34.5% |
| Other operating charges | 640/8 | €836 | €964 | +€128 | +15.3% |
| Gross operating margin | 9900 | €76,821 | €25,529 | -€51,292 | -66.8% |
| Operating profit (loss) | 9901 | €59,107 | €1,866 | -€57,241 | -96.8% |
| Financial income | 75/76B | €133 | €205 | +€73 | +54.9% |
| Recurring financial income | 75 | €133 | €205 | +€73 | +54.9% |
| Financial charges | 65/66B | €2,984 | €3,484 | +€500 | +16.8% |
| Recurring financial charges | 65 | €2,984 | €3,484 | +€500 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €56,255 | -€1,413 | -€57,668 | |
| Income taxes | 67/77 | €16,915 | €289 | -€16,626 | -98.3% |
| Profit (loss) for the period | 9904 | €39,341 | -€1,702 | -€41,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,341 | -€1,702 | -€41,043 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.