SIBLE: 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.
SIBLE
Largest movements
- Receivables after one year +€220,000
new in 2025: €220,000
- Current investments -€98,937
down €98,937 (-65.2%), from €151,754 to €52,817
- Cash -€90,427
down €90,427 (-27.1%), from €333,080 to €242,653
mainly Receivables after one year (-€220,000) and Receivables within one year (-€49,944)
- Receivables within one year +€49,944
up €49,944 (+20.2%), from €247,307 to €297,250
of which Trade receivables: +€48,513
- Profit (loss) carried forward +€47,937
up €47,937 (+11.1%), from €431,828 to €479,764
- Reserves +€36,364
up €36,364 (+25.1%), from €144,818 to €181,182
of which Distributable reserves: +€36,364
- Other debts +€8,340
up €8,340 (+13.2%), from €63,416 to €71,756
- Gross operating margin -€18,096
down €18,096 (-8.9%), from €202,466 to €184,370
- Taxes -€5,069
down €5,069 (-15.7%), from €32,331 to €27,261
- Staff costs +€3,884
up €3,884 (+6.0%), from €64,626 to €68,510
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 | €732,343 | €818,937 | +€86,593 | +11.8% |
| Fixed assets | 21/28 | €203 | €4,367 | +€4,164 | +2054.1% |
| Tangible fixed assets | 22/27 | €94 | €4,258 | +€4,164 | +4423.3% |
| Plant, machinery and equipment | 23 | - | €4,258 | +€4,258 | |
| Furniture and vehicles | 24 | €94 | - | -€94 | |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €732,141 | €814,570 | +€82,429 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €220,000 | +€220,000 | |
| Other amounts receivable | 291 | - | €220,000 | +€220,000 | |
| Amounts receivable within one year | 40/41 | €247,307 | €297,250 | +€49,944 | +20.2% |
| Trade receivables | 40 | €247,307 | €295,819 | +€48,513 | +19.6% |
| Other amounts receivable | 41 | - | €1,431 | +€1,431 | |
| Current investments | 50/53 | €151,754 | €52,817 | -€98,937 | -65.2% |
| Cash at bank and in hand | 54/58 | €333,080 | €242,653 | -€90,427 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €1,850 | +€1,850 | |
| Total equity and liabilities | 10/49 | €732,343 | €818,937 | +€86,593 | +11.8% |
| Equity | 10/15 | €582,851 | €667,152 | +€84,300 | +14.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €144,818 | €181,182 | +€36,364 | +25.1% |
| Tax-exempt reserves | 132 | €16,035 | €16,035 | = | 0.0% |
| Distributable reserves | 133 | €128,784 | €165,147 | +€36,364 | +28.2% |
| Profit (loss) carried forward | 14 | €431,828 | €479,764 | +€47,937 | +11.1% |
| Amounts payable | 17/49 | €149,492 | €151,785 | +€2,293 | +1.5% |
| Amounts payable within one year | 42/48 | €149,492 | €151,785 | +€2,293 | +1.5% |
| Trade debts | 44 | €22,297 | €17,444 | -€4,853 | -21.8% |
| Suppliers | 440/4 | €22,297 | €17,444 | -€4,853 | -21.8% |
| Taxes, remuneration and social security | 45 | €63,779 | €62,585 | -€1,194 | -1.9% |
| Taxes | 450/3 | €52,223 | €48,986 | -€3,237 | -6.2% |
| Remuneration and social security | 454/9 | €11,556 | €13,599 | +€2,043 | +17.7% |
| Other amounts payable | 47/48 | €63,416 | €71,756 | +€8,340 | +13.2% |
| Remuneration, social security and pensions | 62 | €64,626 | €68,510 | +€3,884 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €1,006 | -€221 | -18.0% |
| Other operating charges | 640/8 | €730 | €651 | -€79 | -10.8% |
| Gross operating margin | 9900 | €202,466 | €184,370 | -€18,096 | -8.9% |
| Operating profit (loss) | 9901 | €135,882 | €114,203 | -€21,680 | -16.0% |
| Financial income | 75/76B | €4,213 | €3,715 | -€498 | -11.8% |
| Recurring financial income | 75 | €4,213 | €3,715 | -€498 | -11.8% |
| Financial charges | 65/66B | €5,420 | €6,356 | +€937 | +17.3% |
| Recurring financial charges | 65 | €5,420 | €6,356 | +€937 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €134,676 | €111,562 | -€23,114 | -17.2% |
| Income taxes | 67/77 | €32,331 | €27,261 | -€5,069 | -15.7% |
| Profit (loss) for the period | 9904 | €102,345 | €84,300 | -€18,045 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,345 | €84,300 | -€18,045 | -17.6% |
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 4 October 2026 via checked.be.