SIBONEY: what changed
Two financial 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.
SIBONEY
Largest movements
- Receivables within one year +€19,350
up €19,350 (+34.0%), from €56,934 to €76,284
of which Other amounts receivable: +€37,615
- Current investments -€13,000
no longer reported in 2025 (was €13,000)
- Tangible fixed assets -€9,007
down €9,007 (-16.8%), from €53,480 to €44,473
of which Furniture and vehicles: -€5,415
- Cash +€5,974
up €5,974 (+151%), from €3,953 to €9,926
mainly Current investments (+€13,000) and Depreciation (+€9,858)
- Trade debts +€9,282
up €9,282 (+29.8%), from €31,164 to €40,446
- Short-term financial debts -€8,245
no longer reported in 2025 (was €8,245)
- Reserves +€6,735
up €6,735 (+27.1%), from €24,828 to €31,563
of which Distributable reserves: +€6,735
- Tax, wage and social debts -€2,481
down €2,481 (-14.0%), from €17,776 to €15,295
of which Remuneration and social security: -€2,600
- Current portion of long-term debt -€1,789
down €1,789 (-56.3%), from €3,178 to €1,388
- Financial income +€4,797
up €4,797 (+1,193%), from €402 to €5,199
- Gross operating margin -€4,327
down €4,327 (-14.3%), from €30,186 to €25,858
- Depreciation +€3,704
up €3,704 (+60.2%), from €6,154 to €9,858
- Other operating charges +€2,514
up €2,514 (+1,428%), from €176 to €2,690
- Taxes -€846
down €846 (-17.9%), from €4,733 to €3,887
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.
Derived cash bridge
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 | €148,821 | €151,743 | +€2,923 | +2.0% |
| Fixed assets | 21/28 | €56,210 | €47,203 | -€9,007 | -16.0% |
| Tangible fixed assets | 22/27 | €53,480 | €44,473 | -€9,007 | -16.8% |
| Land and buildings | 22 | €23,399 | €21,716 | -€1,683 | -7.2% |
| Plant, machinery and equipment | 23 | €3,924 | €2,014 | -€1,910 | -48.7% |
| Furniture and vehicles | 24 | €26,158 | €20,743 | -€5,415 | -20.7% |
| Financial fixed assets | 28 | €2,730 | €2,730 | = | 0.0% |
| Current assets | 29/58 | €92,610 | €104,540 | +€11,930 | +12.9% |
| Stocks and contracts in progress | 3 | €16,639 | €16,246 | -€394 | -2.4% |
| Stocks | 30/36 | €16,639 | €16,246 | -€394 | -2.4% |
| Amounts receivable within one year | 40/41 | €56,934 | €76,284 | +€19,350 | +34.0% |
| Trade receivables | 40 | €46,638 | €28,373 | -€18,265 | -39.2% |
| Other amounts receivable | 41 | €10,296 | €47,911 | +€37,615 | +365% |
| Current investments | 50/53 | €13,000 | - | -€13,000 | |
| Cash at bank and in hand | 54/58 | €3,953 | €9,926 | +€5,974 | +151% |
| Deferred charges and accrued income | 490/1 | €2,084 | €2,084 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €148,821 | €151,743 | +€2,923 | +2.0% |
| Equity | 10/15 | €45,700 | €52,434 | +€6,735 | +14.7% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Contributions outside capital | 11 | €19,500 | €19,500 | = | 0.0% |
| Other | 1109/19 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €24,828 | €31,563 | +€6,735 | +27.1% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Legal reserve | 130 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €22,878 | €29,613 | +€6,735 | +29.4% |
| Profit (loss) carried forward | 14 | €1,371 | €1,371 | = | 0.0% |
| Amounts payable | 17/49 | €103,121 | €99,309 | -€3,812 | -3.7% |
| Amounts payable after more than one year | 17 | €41,388 | €40,000 | -€1,388 | -3.4% |
| Financial debts | 170/4 | €41,388 | €40,000 | -€1,388 | -3.4% |
| Amounts payable within one year | 42/48 | €61,733 | €59,309 | -€2,424 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €3,178 | €1,388 | -€1,789 | -56.3% |
| Financial debts | 43 | €8,245 | - | -€8,245 | |
| Credit institutions | 430/8 | €8,245 | - | -€8,245 | |
| Trade debts | 44 | €31,164 | €40,446 | +€9,282 | +29.8% |
| Suppliers | 440/4 | €31,164 | €40,446 | +€9,282 | +29.8% |
| Taxes, remuneration and social security | 45 | €17,776 | €15,295 | -€2,481 | -14.0% |
| Taxes | 450/3 | €15,176 | €15,295 | +€119 | +0.8% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €1,370 | €2,180 | +€810 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,154 | €9,858 | +€3,704 | +60.2% |
| Other operating charges | 640/8 | €176 | €2,690 | +€2,514 | +1,428% |
| Gross operating margin | 9900 | €30,186 | €25,858 | -€4,327 | -14.3% |
| Operating profit (loss) | 9901 | €23,856 | €13,311 | -€10,545 | -44.2% |
| Financial income | 75/76B | €402 | €5,199 | +€4,797 | +1,193% |
| Recurring financial income | 75 | €402 | €5,199 | +€4,797 | +1,193% |
| Financial charges | 65/66B | €6,603 | €7,088 | +€486 | +7.4% |
| Recurring financial charges | 65 | €6,603 | €7,088 | +€486 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €17,655 | €11,421 | -€6,233 | -35.3% |
| Income taxes | 67/77 | €4,733 | €3,887 | -€846 | -17.9% |
| Profit (loss) for the period | 9904 | €12,922 | €7,535 | -€5,387 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,922 | €7,535 | -€5,387 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.