SIBIC: 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.
SIBIC
Largest movements
- Tangible fixed assets +€25,191
up €25,191 (+2479.5%), from €1,016 to €26,206
of which Furniture and vehicles: +€17,477
- Receivables within one year +€15,710
up €15,710 (+158.6%), from €9,904 to €25,614
of which Trade receivables: +€12,646
- Cash -€6,868
down €6,868 (-6.9%), from €100,022 to €93,154
mainly Investment in fixed assets (net) (-€26,844) and Receivables within one year (-€15,710)
- Reserves +€37,596
up €37,596 (+53.2%), from €70,612 to €108,208
- Tax, wage and social debts -€8,142
down €8,142 (-28.5%), from €28,528 to €20,386
- Trade debts +€5,387
up €5,387 (+99.6%), from €5,409 to €10,796
- Gross operating margin +€6,711
up €6,711 (+14.4%), from €46,680 to €53,391
- Taxes +€2,331
up €2,331 (+21.8%), from €10,681 to €13,012
- Depreciation +€765
up €765 (+86.0%), from €889 to €1,654
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 | €110,942 | €144,974 | +€34,032 | +30.7% |
| Fixed assets | 21/28 | €1,016 | €26,206 | +€25,191 | +2479.5% |
| Tangible fixed assets | 22/27 | €1,016 | €26,206 | +€25,191 | +2479.5% |
| Plant, machinery and equipment | 23 | €1,016 | €8,730 | +€7,714 | +759.3% |
| Furniture and vehicles | 24 | - | €17,477 | +€17,477 | |
| Current assets | 29/58 | €109,926 | €118,768 | +€8,842 | +8.0% |
| Amounts receivable within one year | 40/41 | €9,904 | €25,614 | +€15,710 | +158.6% |
| Trade receivables | 40 | €9,904 | €22,550 | +€12,646 | +127.7% |
| Other amounts receivable | 41 | - | €3,063 | +€3,063 | |
| Cash at bank and in hand | 54/58 | €100,022 | €93,154 | -€6,868 | -6.9% |
| Total equity and liabilities | 10/49 | €110,942 | €144,974 | +€34,032 | +30.7% |
| Equity | 10/15 | €75,612 | €113,208 | +€37,596 | +49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,612 | €108,208 | +€37,596 | +53.2% |
| Distributable reserves | 133 | €70,612 | €108,208 | +€37,596 | +53.2% |
| Amounts payable | 17/49 | €35,330 | €31,766 | -€3,564 | -10.1% |
| Amounts payable within one year | 42/48 | €35,330 | €31,766 | -€3,564 | -10.1% |
| Trade debts | 44 | €5,409 | €10,796 | +€5,387 | +99.6% |
| Suppliers | 440/4 | €5,409 | €10,796 | +€5,387 | +99.6% |
| Taxes, remuneration and social security | 45 | €28,528 | €20,386 | -€8,142 | -28.5% |
| Taxes | 450/3 | €28,528 | €20,386 | -€8,142 | -28.5% |
| Other amounts payable | 47/48 | €1,393 | €583 | -€809 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889 | €1,654 | +€765 | +86.0% |
| Other operating charges | 640/8 | €287 | €183 | -€104 | -36.1% |
| Gross operating margin | 9900 | €46,680 | €53,391 | +€6,711 | +14.4% |
| Operating profit (loss) | 9901 | €45,504 | €51,554 | +€6,050 | +13.3% |
| Financial income | 75/76B | - | €83 | +€83 | |
| Recurring financial income | 75 | - | €83 | +€83 | |
| Financial charges | 65/66B | €185 | €195 | +€10 | +5.3% |
| Recurring financial charges | 65 | €185 | €195 | +€10 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €45,319 | €51,442 | +€6,123 | +13.5% |
| Income taxes | 67/77 | €10,681 | €13,012 | +€2,331 | +21.8% |
| Profit (loss) for the period | 9904 | €34,637 | €38,429 | +€3,792 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,637 | €38,429 | +€3,792 | +10.9% |
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 5 October 2026 via checked.be.