SIBI II: 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 II
Largest movements
- Tangible fixed assets +€158,592
up €158,592 (+547.8%), from €28,952 to €187,544
of which Plant, machinery and equipment: +€159,092
- Cash -€7,481
down €7,481 (-56.7%), from €13,199 to €5,718
mainly Investment in fixed assets (net) (-€164,528) and Deferred charges and accrued income (-€3,000)
- Deferred charges and accrued income +€3,000
new in 2025: €3,000
- Other debts +€145,933
up €145,933 (+777.6%), from €18,766 to €164,699
- Profit (loss) carried forward +€7,905
up €7,905 (+288.6%), from €2,739 to €10,644
- Gross operating margin +€11,836
up €11,836 (+139.0%), from €8,514 to €20,349
- Depreciation +€4,831
up €4,831 (+437.0%), from €1,106 to €5,937
- Taxes +€2,240
new in 2025: €2,240
- Financial charges +€944
new in 2025: €944
- Other operating charges +€927
up €927 (+38.7%), from €2,396 to €3,324
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 | €45,702 | €199,263 | +€153,561 | +336.0% |
| Fixed assets | 21/28 | €28,952 | €187,544 | +€158,592 | +547.8% |
| Tangible fixed assets | 22/27 | €28,952 | €187,544 | +€158,592 | +547.8% |
| Land and buildings | 22 | €21,208 | €20,708 | -€500 | -2.4% |
| Plant, machinery and equipment | 23 | €7,744 | €166,836 | +€159,092 | +2054.3% |
| Current assets | 29/58 | €16,749 | €11,718 | -€5,031 | -30.0% |
| Amounts receivable within one year | 40/41 | €3,550 | €3,000 | -€550 | -15.5% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €550 | €0 | -€550 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,199 | €5,718 | -€7,481 | -56.7% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €45,702 | €199,263 | +€153,561 | +336.0% |
| Equity | 10/15 | €25,297 | €33,202 | +€7,905 | +31.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,008 | €4,008 | = | 0.0% |
| Distributable reserves | 133 | €4,008 | €4,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,739 | €10,644 | +€7,905 | +288.6% |
| Amounts payable | 17/49 | €20,405 | €166,061 | +€145,656 | +713.8% |
| Amounts payable within one year | 42/48 | €20,405 | €166,061 | +€145,656 | +713.8% |
| Trade debts | 44 | €1,639 | €622 | -€1,017 | -62.1% |
| Suppliers | 440/4 | €1,639 | €622 | -€1,017 | -62.1% |
| Taxes, remuneration and social security | 45 | - | €740 | +€740 | |
| Taxes | 450/3 | - | €740 | +€740 | |
| Other amounts payable | 47/48 | €18,766 | €164,699 | +€145,933 | +777.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €5,937 | +€4,831 | +437.0% |
| Other operating charges | 640/8 | €2,396 | €3,324 | +€927 | +38.7% |
| Gross operating margin | 9900 | €8,514 | €20,349 | +€11,836 | +139.0% |
| Operating profit (loss) | 9901 | €5,012 | €11,089 | +€6,077 | +121.3% |
| Financial charges | 65/66B | - | €944 | +€944 | |
| Recurring financial charges | 65 | - | €944 | +€944 | |
| Profit (loss) for the period before taxes | 9903 | €5,012 | €10,145 | +€5,133 | +102.4% |
| Income taxes | 67/77 | - | €2,240 | +€2,240 | |
| Profit (loss) for the period | 9904 | €5,012 | €7,905 | +€2,894 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,012 | €7,905 | +€2,894 | +57.7% |
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 3 October 2026 via checked.be.