SIBRAX: 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.
SIBRAX
Largest movements
- Stocks and contracts -€409,386
down €409,386 (-100.0%), from €409,386 to €0
- Cash +€130,878
up €130,878 (+788.4%), from €16,600 to €147,478
mainly Stocks and contracts (+€409,386) and Tax, wage and social debts (+€78,940)
- Receivables within one year -€19,725
down €19,725 (-17.7%), from €111,431 to €91,707
of which Other amounts receivable: -€33,307
- Tangible fixed assets -€17,472
down €17,472 (-4.0%), from €441,146 to €423,674
of which Land and buildings: -€9,166
- Short-term financial debts -€400,247
down €400,247 (-100.0%), from €400,247 to €0
- Tax, wage and social debts +€78,940
up €78,940 (+1629.5%), from €4,844 to €83,784
- Profit (loss) carried forward +€45,342
up €45,342 (+49.9%), from -€90,837 to -€45,495
- Debts after one year -€33,536
down €33,536 (-41.4%), from €81,040 to €47,504
- Gross operating margin +€59,613
up €59,613 (+522.2%), from €11,416 to €71,029
- Depreciation +€4,793
up €4,793 (+32.1%), from €14,911 to €19,704
- Financial income +€2,208
up €2,208 (+68.1%), from €3,243 to €5,451
- Other operating charges -€1,004
down €1,004 (-21.6%), from €4,657 to €3,653
- Financial charges -€852
down €852 (-8.1%), from €10,517 to €9,665
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 | €989,078 | €673,632 | -€315,446 | -31.9% |
| Fixed assets | 21/28 | €441,946 | €424,474 | -€17,472 | -4.0% |
| Tangible fixed assets | 22/27 | €441,146 | €423,674 | -€17,472 | -4.0% |
| Land and buildings | 22 | €403,348 | €394,182 | -€9,166 | -2.3% |
| Plant, machinery and equipment | 23 | €4,250 | €3,038 | -€1,213 | -28.5% |
| Furniture and vehicles | 24 | €33,548 | €26,454 | -€7,094 | -21.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €547,132 | €249,158 | -€297,974 | -54.5% |
| Stocks and contracts in progress | 3 | €409,386 | €0 | -€409,386 | -100.0% |
| Stocks | 30/36 | €409,386 | €0 | -€409,386 | -100.0% |
| Amounts receivable within one year | 40/41 | €111,431 | €91,707 | -€19,725 | -17.7% |
| Trade receivables | 40 | €0 | €13,582 | +€13,582 | |
| Other amounts receivable | 41 | €111,431 | €78,124 | -€33,307 | -29.9% |
| Cash at bank and in hand | 54/58 | €16,600 | €147,478 | +€130,878 | +788.4% |
| Deferred charges and accrued income | 490/1 | €9,715 | €9,974 | +€259 | +2.7% |
| Total equity and liabilities | 10/49 | €989,078 | €673,632 | -€315,446 | -31.9% |
| Equity | 10/15 | €385,697 | €429,329 | +€43,631 | +11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €414,535 | €412,824 | -€1,711 | -0.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,465 | €187,755 | -€1,711 | -0.9% |
| Distributable reserves | 133 | €218,869 | €218,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,837 | -€45,495 | +€45,342 | +49.9% |
| Provisions and deferred taxes | 16 | €52,696 | €51,888 | -€808 | -1.5% |
| Deferred taxes | 168 | €52,696 | €51,888 | -€808 | -1.5% |
| Amounts payable | 17/49 | €550,685 | €192,415 | -€358,270 | -65.1% |
| Amounts payable after more than one year | 17 | €81,040 | €47,504 | -€33,536 | -41.4% |
| Financial debts | 170/4 | €81,040 | €47,504 | -€33,536 | -41.4% |
| Amounts payable within one year | 42/48 | €468,303 | €142,898 | -€325,405 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €35,544 | €27,894 | -€7,649 | -21.5% |
| Financial debts | 43 | €400,247 | €0 | -€400,247 | -100.0% |
| Credit institutions | 430/8 | €400,247 | €0 | -€400,247 | -100.0% |
| Trade debts | 44 | €7,668 | €6,220 | -€1,449 | -18.9% |
| Suppliers | 440/4 | €7,668 | €6,220 | -€1,449 | -18.9% |
| Taxes, remuneration and social security | 45 | €4,844 | €83,784 | +€78,940 | +1629.5% |
| Taxes | 450/3 | €4,844 | €83,784 | +€78,940 | +1629.5% |
| Other amounts payable | 47/48 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | €1,342 | €2,012 | +€671 | +50.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,911 | €19,704 | +€4,793 | +32.1% |
| Other operating charges | 640/8 | €4,657 | €3,653 | -€1,004 | -21.6% |
| Gross operating margin | 9900 | €11,416 | €71,029 | +€59,613 | +522.2% |
| Operating profit (loss) | 9901 | -€8,152 | €47,672 | +€55,824 | |
| Financial income | 75/76B | €3,243 | €5,451 | +€2,208 | +68.1% |
| Recurring financial income | 75 | €3,243 | €5,451 | +€2,208 | +68.1% |
| Financial charges | 65/66B | €10,517 | €9,665 | -€852 | -8.1% |
| Recurring financial charges | 65 | €10,517 | €9,665 | -€852 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,426 | €43,458 | +€58,884 | |
| Transfer from deferred taxes | 780 | €6,617 | €808 | -€5,809 | -87.8% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €498 | €634 | +€137 | +27.5% |
| Profit (loss) for the period | 9904 | -€9,307 | €43,631 | +€52,938 | |
| Transfer from tax-exempt reserves | 789 | €25,608 | €1,711 | -€23,898 | -93.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €16,301 | €45,342 | +€29,040 | +178.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.