SIBO: 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.
SIBO
Largest movements
- Receivables within one year -€85,622
down €85,622 (-80.1%), from €106,865 to €21,243
of which Trade receivables: -€86,688
- Cash +€84,180
up €84,180 (+144.9%), from €58,084 to €142,264
mainly Receivables within one year (+€85,622) and Net result for the year (+€39,468)
- Tangible fixed assets +€39,286
up €39,286 (+6.0%), from €656,432 to €695,717
- Reserves +€39,468
up €39,468 (+6.6%), from €602,296 to €641,764
of which Distributable reserves: +€39,468
- Gross operating margin +€8,484
up €8,484 (+5.6%), from €151,558 to €160,042
- Other operating charges +€4,240
up €4,240 (+4.9%), from €86,814 to €91,054
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 | €996,381 | €1,034,224 | +€37,843 | +3.8% |
| Fixed assets | 21/28 | €831,432 | €870,717 | +€39,286 | +4.7% |
| Tangible fixed assets | 22/27 | €656,432 | €695,717 | +€39,286 | +6.0% |
| Land and buildings | 22 | €656,432 | €695,717 | +€39,286 | +6.0% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €164,949 | €163,507 | -€1,442 | -0.9% |
| Amounts receivable within one year | 40/41 | €106,865 | €21,243 | -€85,622 | -80.1% |
| Trade receivables | 40 | €86,688 | €0 | -€86,688 | -100.0% |
| Other amounts receivable | 41 | €20,177 | €21,243 | +€1,066 | +5.3% |
| Cash at bank and in hand | 54/58 | €58,084 | €142,264 | +€84,180 | +144.9% |
| Total equity and liabilities | 10/49 | €996,381 | €1,034,224 | +€37,843 | +3.8% |
| Equity | 10/15 | €995,481 | €1,032,668 | +€37,188 | +3.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €602,296 | €641,764 | +€39,468 | +6.6% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €567,296 | €606,764 | +€39,468 | +7.0% |
| Investment grants | 15 | €43,185 | €40,905 | -€2,280 | -5.3% |
| Amounts payable | 17/49 | €900 | €1,556 | +€656 | +72.9% |
| Amounts payable within one year | 42/48 | €0 | €656 | +€656 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €656 | +€656 | |
| Taxes | 450/3 | - | €656 | +€656 | |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,746 | €24,497 | +€751 | +3.2% |
| Other operating charges | 640/8 | €86,814 | €91,054 | +€4,240 | +4.9% |
| Gross operating margin | 9900 | €151,558 | €160,042 | +€8,484 | +5.6% |
| Operating profit (loss) | 9901 | €40,998 | €44,490 | +€3,493 | +8.5% |
| Financial income | 75/76B | €8,965 | €8,780 | -€185 | -2.1% |
| Recurring financial income | 75 | €8,965 | €8,780 | -€185 | -2.1% |
| Financial charges | 65/66B | €413 | €647 | +€234 | +56.8% |
| Recurring financial charges | 65 | €413 | €647 | +€234 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €49,550 | €52,623 | +€3,074 | +6.2% |
| Income taxes | 67/77 | €12,387 | €13,156 | +€768 | +6.2% |
| Profit (loss) for the period | 9904 | €37,162 | €39,468 | +€2,305 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,162 | €39,468 | +€2,305 | +6.2% |
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.