SIBET: 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.
SIBET
Largest movements
- Tangible fixed assets -€37,046
down €37,046 (-8.7%), from €427,809 to €390,763
of which Land and buildings: -€34,767
- Cash -€11,461
down €11,461 (-41.5%), from €27,648 to €16,188
mainly Debts after one year (-€32,352) and Trade debts (-€17,892)
- Debts after one year -€32,352
down €32,352 (-12.1%), from €266,699 to €234,348
of which Financial debts: -€32,352
- Trade debts -€17,892
down €17,892 (-76.9%), from €23,261 to €5,369
- Accrued charges and deferred income +€5,697
up €5,697 (+67.7%), from €8,420 to €14,118
- Gross operating margin +€7,175
up €7,175 (+19.0%), from €37,819 to €44,994
- Financial charges -€588
down €588 (-8.5%), from €6,954 to €6,366
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 | €458,766 | €411,871 | -€46,894 | -10.2% |
| Fixed assets | 21/28 | €427,809 | €390,763 | -€37,046 | -8.7% |
| Tangible fixed assets | 22/27 | €427,809 | €390,763 | -€37,046 | -8.7% |
| Land and buildings | 22 | €392,498 | €357,731 | -€34,767 | -8.9% |
| Plant, machinery and equipment | 23 | €35,311 | €33,032 | -€2,279 | -6.5% |
| Current assets | 29/58 | €30,957 | €21,108 | -€9,849 | -31.8% |
| Amounts receivable within one year | 40/41 | - | €1,500 | +€1,500 | |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €27,648 | €16,188 | -€11,461 | -41.5% |
| Deferred charges and accrued income | 490/1 | €3,309 | €3,421 | +€112 | +3.4% |
| Total equity and liabilities | 10/49 | €458,766 | €411,871 | -€46,894 | -10.2% |
| Equity | 10/15 | €128,632 | €125,685 | -€2,947 | -2.3% |
| Contributions | 10/11 | €254,000 | €254,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,368 | -€128,315 | -€2,947 | -2.4% |
| Amounts payable | 17/49 | €330,134 | €286,186 | -€43,948 | -13.3% |
| Amounts payable after more than one year | 17 | €266,699 | €234,348 | -€32,352 | -12.1% |
| Financial debts | 170/4 | €203,492 | €171,141 | -€32,352 | -15.9% |
| Other amounts payable | 178/9 | €63,207 | €63,207 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,014 | €37,720 | -€17,293 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €31,753 | €32,352 | +€599 | +1.9% |
| Trade debts | 44 | €23,261 | €5,369 | -€17,892 | -76.9% |
| Suppliers | 440/4 | €23,261 | €5,369 | -€17,892 | -76.9% |
| Accrued charges and deferred income | 492/3 | €8,420 | €14,118 | +€5,697 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,046 | €37,046 | = | 0.0% |
| Other operating charges | 640/8 | €4,381 | €4,530 | +€149 | +3.4% |
| Gross operating margin | 9900 | €37,819 | €44,994 | +€7,175 | +19.0% |
| Operating profit (loss) | 9901 | -€3,608 | €3,418 | +€7,026 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,954 | €6,366 | -€588 | -8.5% |
| Recurring financial charges | 65 | €6,954 | €6,366 | -€588 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,562 | -€2,947 | +€7,615 | +72.1% |
| Profit (loss) for the period | 9904 | -€10,562 | -€2,947 | +€7,615 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,562 | -€2,947 | +€7,615 | +72.1% |
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 13 October 2026 via checked.be.