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
- Tangible fixed assets +€139,228
up €139,228 (+95.9%), from €145,196 to €284,424
of which Land and buildings: +€125,391
- Cash -€38,401
down €38,401 (-63.7%), from €60,329 to €21,928
- Financial fixed assets +€15,000
new in 2025: €15,000
- Receivables within one year +€9,352
up €9,352 (+939.9%), from €995 to €10,347
of which Trade receivables: +€9,290
- Deferred charges and accrued income -€6,822
down €6,822 (-86.3%), from €7,908 to €1,086
- Reserves +€44,026
up €44,026 (+91.0%), from €48,389 to €92,415
- Debts after one year +€43,763
up €43,763 (+33.5%), from €130,708 to €174,472
- Profit (loss) carried forward +€10,492
new in 2025: €10,492
- Contributions +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Trade debts +€4,349
up €4,349 (+63.3%), from €6,873 to €11,222
- Financial charges +€5,993
up €5,993 (+118.3%), from €5,067 to €11,060
- Depreciation +€3,261
up €3,261 (+80.9%), from €4,029 to €7,290
- Financial income +€1,367
up €1,367 (+8590.6%), from €16 to €1,383
- Other operating charges +€680
up €680 (+37.8%), from €1,797 to €2,477
- Taxes -€653
down €653 (-5.3%), from €12,348 to €11,695
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,962 | €335,671 | +€111,710 | +49.9% |
| Formation expenses | 20 | €2,608 | €518 | -€2,090 | -80.1% |
| Fixed assets | 21/28 | €145,196 | €299,424 | +€154,228 | +106.2% |
| Tangible fixed assets | 22/27 | €145,196 | €284,424 | +€139,228 | +95.9% |
| Land and buildings | 22 | €143,049 | €268,441 | +€125,391 | +87.7% |
| Plant, machinery and equipment | 23 | €2,146 | €15,776 | +€13,630 | +635.0% |
| Furniture and vehicles | 24 | - | €207 | +€207 | |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €76,158 | €35,729 | -€40,429 | -53.1% |
| Stocks and contracts in progress | 3 | €6,926 | €2,368 | -€4,558 | -65.8% |
| Stocks | 30/36 | €6,926 | €2,368 | -€4,558 | -65.8% |
| Amounts receivable within one year | 40/41 | €995 | €10,347 | +€9,352 | +939.9% |
| Trade receivables | 40 | €995 | €10,285 | +€9,290 | +933.7% |
| Other amounts receivable | 41 | €0 | €62 | +€62 | |
| Cash at bank and in hand | 54/58 | €60,329 | €21,928 | -€38,401 | -63.7% |
| Deferred charges and accrued income | 490/1 | €7,908 | €1,086 | -€6,822 | -86.3% |
| Total equity and liabilities | 10/49 | €223,962 | €335,671 | +€111,710 | +49.9% |
| Equity | 10/15 | €53,389 | €112,907 | +€59,518 | +111.5% |
| Contributions | 10/11 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Reserves | 13 | €48,389 | €92,415 | +€44,026 | +91.0% |
| Distributable reserves | 133 | €48,389 | €92,415 | +€44,026 | +91.0% |
| Profit (loss) carried forward | 14 | - | €10,492 | +€10,492 | |
| Amounts payable | 17/49 | €170,573 | €222,764 | +€52,192 | +30.6% |
| Amounts payable after more than one year | 17 | €130,708 | €174,472 | +€43,763 | +33.5% |
| Financial debts | 170/4 | €130,708 | €174,472 | +€43,763 | +33.5% |
| Amounts payable within one year | 42/48 | €39,864 | €48,293 | +€8,428 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €6,953 | €9,751 | +€2,798 | +40.2% |
| Financial debts | 43 | €45 | - | -€45 | |
| Credit institutions | 430/8 | €45 | - | -€45 | |
| Trade debts | 44 | €6,873 | €11,222 | +€4,349 | +63.3% |
| Suppliers | 440/4 | €6,873 | €11,222 | +€4,349 | +63.3% |
| Taxes, remuneration and social security | 45 | €25,150 | €27,320 | +€2,170 | +8.6% |
| Taxes | 450/3 | €25,150 | €25,020 | -€130 | -0.5% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €843 | €0 | -€843 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,029 | €7,290 | +€3,261 | +80.9% |
| Other operating charges | 640/8 | €1,797 | €2,477 | +€680 | +37.8% |
| Gross operating margin | 9900 | €52,030 | €51,755 | -€276 | -0.5% |
| Operating profit (loss) | 9901 | €46,204 | €41,988 | -€4,217 | -9.1% |
| Financial income | 75/76B | €16 | €1,383 | +€1,367 | +8590.6% |
| Recurring financial income | 75 | €16 | €1,383 | +€1,367 | +8590.6% |
| Financial charges | 65/66B | €5,067 | €11,060 | +€5,993 | +118.3% |
| Recurring financial charges | 65 | €5,067 | €11,060 | +€5,993 | +118.3% |
| Profit (loss) for the period before taxes | 9903 | €41,153 | €32,310 | -€8,843 | -21.5% |
| Income taxes | 67/77 | €12,348 | €11,695 | -€653 | -5.3% |
| Profit (loss) for the period | 9904 | €28,804 | €20,615 | -€8,189 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,804 | €20,615 | -€8,189 | -28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.