SIBI I: 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.
SIBI I
Largest movements
- Receivables within one year +€67,761
up €67,761 (+26.6%), from €254,941 to €322,702
of which Other amounts receivable: +€70,012
- Cash +€51,521
up €51,521 (+120.7%), from €42,682 to €94,203
mainly Net result for the year (+€170,535) and Depreciation (+€62,013)
- Tangible fixed assets -€35,304
down €35,304 (-3.9%), from €898,079 to €862,775
of which Land and buildings: -€47,403
- Reserves +€181,855
up €181,855 (+49.6%), from €366,903 to €548,757
of which Distributable reserves: +€181,855
- Tax, wage and social debts -€67,501
down €67,501 (-39.9%), from €169,087 to €101,586
- Debts after one year -€17,199
down €17,199 (-14.6%), from €117,480 to €100,282
- Gross operating margin +€254,170
up €254,170 (+335.2%), from €75,834 to €330,004
- Taxes +€77,453
up €77,453 (+520.9%), from €14,868 to €92,321
- Financial charges +€6,076
up €6,076 (+114.1%), from €5,323 to €11,398
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 | €1,200,525 | €1,283,793 | +€83,268 | +6.9% |
| Fixed assets | 21/28 | €898,104 | €862,800 | -€35,304 | -3.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €898,079 | €862,775 | -€35,304 | -3.9% |
| Land and buildings | 22 | €801,746 | €754,343 | -€47,403 | -5.9% |
| Plant, machinery and equipment | 23 | €67,817 | €84,377 | +€16,560 | +24.4% |
| Furniture and vehicles | 24 | €28,516 | €24,055 | -€4,461 | -15.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €302,421 | €420,993 | +€118,572 | +39.2% |
| Amounts receivable within one year | 40/41 | €254,941 | €322,702 | +€67,761 | +26.6% |
| Trade receivables | 40 | €2,251 | €0 | -€2,251 | -100.0% |
| Other amounts receivable | 41 | €252,690 | €322,702 | +€70,012 | +27.7% |
| Cash at bank and in hand | 54/58 | €42,682 | €94,203 | +€51,521 | +120.7% |
| Deferred charges and accrued income | 490/1 | €4,798 | €4,088 | -€710 | -14.8% |
| Total equity and liabilities | 10/49 | €1,200,525 | €1,283,793 | +€83,268 | +6.9% |
| Equity | 10/15 | €848,201 | €1,018,735 | +€170,535 | +20.1% |
| Contributions | 10/11 | €76,880 | €76,880 | = | 0.0% |
| Capital | 10 | €76,880 | €76,880 | = | 0.0% |
| Issued capital | 100 | €76,880 | €76,880 | = | 0.0% |
| Revaluation surpluses | 12 | €404,418 | €393,098 | -€11,320 | -2.8% |
| Reserves | 13 | €366,903 | €548,757 | +€181,855 | +49.6% |
| Non-distributable reserves | 130/1 | €7,688 | €7,688 | = | 0.0% |
| Legal reserve | 130 | €7,688 | €7,688 | = | 0.0% |
| Tax-exempt reserves | 132 | €19 | €19 | = | 0.0% |
| Distributable reserves | 133 | €359,195 | €541,050 | +€181,855 | +50.6% |
| Amounts payable | 17/49 | €352,324 | €265,058 | -€87,267 | -24.8% |
| Amounts payable after more than one year | 17 | €117,480 | €100,282 | -€17,199 | -14.6% |
| Financial debts | 170/4 | €117,480 | €100,282 | -€17,199 | -14.6% |
| Amounts payable within one year | 42/48 | €234,844 | €164,776 | -€70,068 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €16,811 | €17,199 | +€388 | +2.3% |
| Financial debts | 43 | €1,235 | €1,868 | +€633 | +51.2% |
| Credit institutions | 430/8 | €1,235 | €1,868 | +€633 | +51.2% |
| Trade debts | 44 | €47,711 | €44,124 | -€3,587 | -7.5% |
| Suppliers | 440/4 | €47,711 | €44,124 | -€3,587 | -7.5% |
| Taxes, remuneration and social security | 45 | €169,087 | €101,586 | -€67,501 | -39.9% |
| Taxes | 450/3 | €169,087 | €101,586 | -€67,501 | -39.9% |
| Non-recurring operating income | 76A | €53,000 | €14,097 | -€38,903 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,414 | €62,013 | +€599 | +1.0% |
| Other operating charges | 640/8 | €8,642 | €10,617 | +€1,975 | +22.9% |
| Gross operating margin | 9900 | €75,834 | €330,004 | +€254,170 | +335.2% |
| Operating profit (loss) | 9901 | €5,778 | €257,374 | +€251,596 | +4354.1% |
| Financial income | 75/76B | €17,896 | €16,881 | -€1,015 | -5.7% |
| Recurring financial income | 75 | €17,896 | €16,881 | -€1,015 | -5.7% |
| Financial charges | 65/66B | €5,323 | €11,398 | +€6,076 | +114.1% |
| Recurring financial charges | 65 | €5,323 | €11,398 | +€6,076 | +114.1% |
| Profit (loss) for the period before taxes | 9903 | €18,351 | €262,856 | +€244,505 | +1332.4% |
| Income taxes | 67/77 | €14,868 | €92,321 | +€77,453 | +520.9% |
| Profit (loss) for the period | 9904 | €3,483 | €170,535 | +€167,052 | +4796.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,483 | €170,535 | +€167,052 | +4796.4% |
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 7 October 2026 via checked.be.