SIBLE EXPERTISE: what changed
What changed
SIBLE EXPERTISE
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€38,003
2024 · €35,578+€2,425
Equity
€404,346
2024 · €366,343+€38,003
Cash
€98,530
2024 · €132,290-€33,760
Balance sheet total
€1.5m
2024 · €1.2m+€241,015
Largest movements
Assets
- Receivables after one year +€350,000
new in 2025: €350,000
- Current investments -€98,160
down €98,160 (-70.6%), from €139,129 to €40,969
- Cash -€33,760
down €33,760 (-25.5%), from €132,290 to €98,530
mainly Receivables after one year (-€350,000) and Investment in fixed assets (net) (-€21,221)
- Receivables within one year +€16,087
up €16,087 (+16.9%), from €95,346 to €111,433
of which Trade receivables: +€17,882
Equity and liabilities
- Debts after one year +€182,238
up €182,238 (+28.2%), from €646,809 to €829,047
of which Other amounts payable: +€220,000
- Profit (loss) carried forward +€38,003
up €38,003 (+11.6%), from €328,081 to €366,084
- Other debts +€21,187
up €21,187 (+20.9%), from €101,581 to €122,768
Income statement
- Gross operating margin +€9,907
up €9,907 (+6.2%), from €159,014 to €168,921
- Depreciation +€7,360
up €7,360 (+105%), from €7,021 to €14,380
- Staff costs +€2,941
up €2,941 (+4.2%), from €69,713 to €72,654
- Other operating charges -€1,985
down €1,985 (-31.3%), from €6,346 to €4,361
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€35,578
Gross operating margin
+€9,907
Staff costs
-€2,941
Depreciation
-€7,360
Other operating charges
+€1,985
Financial income
+€944
Financial charges
+€545
Taxes
-€655
Result 2025
€38,003
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€294,282
Investment
+€76,940
Financing
+€183,582
Cash 2024
€132,290
From operations (derived)
-€294,282
Net result for the year
+€38,003
Depreciation
+€14,380
Receivables after one year
-€350,000
Receivables within one year
-€16,087
Smaller working-capital items
+€562
Trade debts
-€4,006
Tax, wage and social debts
+€1,678
Other debts
+€21,187
Investment (derived)
+€76,940
Investment in fixed assets (net)
-€21,221
Current investments
+€98,160
Financing
+€183,582
Debts after one year
+€182,238
Current portion of long-term debt
+€1,344
Cash 2025
€98,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,209,909 | €1,450,924 | +€241,015 | +19.9% |
| Fixed assets | 21/28 | €842,896 | €849,736 | +€6,840 | +0.8% |
| Tangible fixed assets | 22/27 | €42,896 | €49,736 | +€6,840 | +15.9% |
| Land and buildings | 22 | €13,099 | €13,099 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,159 | €997 | -€1,162 | -53.8% |
| Furniture and vehicles | 24 | €4,250 | €15,850 | +€11,599 | +273% |
| Other tangible fixed assets | 26 | €23,387 | €19,790 | -€3,597 | -15.4% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €367,014 | €601,188 | +€234,175 | +63.8% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | €95,346 | €111,433 | +€16,087 | +16.9% |
| Trade receivables | 40 | €92,872 | €110,754 | +€17,882 | +19.3% |
| Other amounts receivable | 41 | €2,474 | €679 | -€1,795 | -72.6% |
| Current investments | 50/53 | €139,129 | €40,969 | -€98,160 | -70.6% |
| Cash at bank and in hand | 54/58 | €132,290 | €98,530 | -€33,760 | -25.5% |
| Deferred charges and accrued income | 490/1 | €249 | €257 | +€8 | +3.2% |
| Total equity and liabilities | 10/49 | €1,209,909 | €1,450,924 | +€241,015 | +19.9% |
| Equity | 10/15 | €366,343 | €404,346 | +€38,003 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,662 | €19,662 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,802 | €17,802 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,081 | €366,084 | +€38,003 | +11.6% |
| Amounts payable | 17/49 | €843,567 | €1,046,579 | +€203,012 | +24.1% |
| Amounts payable after more than one year | 17 | €646,809 | €829,047 | +€182,238 | +28.2% |
| Financial debts | 170/4 | €296,809 | €259,047 | -€37,762 | -12.7% |
| Other amounts payable | 178/9 | €350,000 | €570,000 | +€220,000 | +62.9% |
| Amounts payable within one year | 42/48 | €196,357 | €216,561 | +€20,204 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €39,508 | €40,852 | +€1,344 | +3.4% |
| Trade debts | 44 | €14,791 | €10,785 | -€4,006 | -27.1% |
| Suppliers | 440/4 | €14,791 | €10,785 | -€4,006 | -27.1% |
| Taxes, remuneration and social security | 45 | €40,477 | €42,155 | +€1,678 | +4.1% |
| Taxes | 450/3 | €28,427 | €29,673 | +€1,247 | +4.4% |
| Remuneration and social security | 454/9 | €12,050 | €12,482 | +€432 | +3.6% |
| Other amounts payable | 47/48 | €101,581 | €122,768 | +€21,187 | +20.9% |
| Accrued charges and deferred income | 492/3 | €400 | €971 | +€570 | +142% |
| Remuneration, social security and pensions | 62 | €69,713 | €72,654 | +€2,941 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €14,380 | +€7,360 | +105% |
| Other operating charges | 640/8 | €6,346 | €4,361 | -€1,985 | -31.3% |
| Gross operating margin | 9900 | €159,014 | €168,921 | +€9,907 | +6.2% |
| Operating profit (loss) | 9901 | €75,935 | €77,526 | +€1,591 | +2.1% |
| Financial income | 75/76B | €2,623 | €3,568 | +€944 | +36.0% |
| Recurring financial income | 75 | €2,623 | €3,568 | +€944 | +36.0% |
| Financial charges | 65/66B | €30,245 | €29,700 | -€545 | -1.8% |
| Recurring financial charges | 65 | €30,245 | €29,700 | -€545 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €48,314 | €51,394 | +€3,080 | +6.4% |
| Income taxes | 67/77 | €12,736 | €13,391 | +€655 | +5.1% |
| Profit (loss) for the period | 9904 | €35,578 | €38,003 | +€2,425 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,578 | €38,003 | +€2,425 | +6.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.