SIBRO: 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.
SIBRO
Largest movements
- Tangible fixed assets -€60,309
down €60,309 (-100%), from €60,309 to €0
- Cash +€21,189
up €21,189 (+493%), from €4,297 to €25,486
mainly Investment in fixed assets (net) (+€60,309) and Trade debts (+€8,706)
- Receivables within one year +€10,069
up €10,069 (+612%), from €1,646 to €11,715
of which Trade receivables: +€10,069
- Deferred charges and accrued income -€7,174
down €7,174 (-55.5%), from €12,923 to €5,749
- Other debts -€56,623
down €56,623 (-90.4%), from €62,623 to €6,000
- Trade debts +€8,706
up €8,706 (+138%), from €6,314 to €15,020
- Tax, wage and social debts +€5,946
up €5,946 (+183%), from €3,256 to €9,202
- Reserves +€5,123
up €5,123 (+120%), from €4,276 to €9,399
- Depreciation -€6,610
down €6,610 (-91.4%), from €7,232 to €622
- Gross operating margin +€3,341
up €3,341 (+24.0%), from €13,914 to €17,255
- Taxes +€3,179
up €3,179 (+1,423%), from €223 to €3,403
- Financial income +€889
up €889 (+31,990%), from €3 to €892
- Financial charges +€774
up €774 (+40.0%), from €1,938 to €2,712
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 | €80,468 | €43,621 | -€36,848 | -45.8% |
| Formation expenses | 20 | €1,293 | €671 | -€622 | -48.1% |
| Fixed assets | 21/28 | €60,309 | €0 | -€60,309 | -100% |
| Tangible fixed assets | 22/27 | €60,309 | €0 | -€60,309 | -100% |
| Plant, machinery and equipment | 23 | €60,309 | €0 | -€60,309 | -100% |
| Current assets | 29/58 | €18,866 | €42,950 | +€24,084 | +128% |
| Amounts receivable within one year | 40/41 | €1,646 | €11,715 | +€10,069 | +612% |
| Trade receivables | 40 | €1,496 | €11,565 | +€10,069 | +673% |
| Other amounts receivable | 41 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,297 | €25,486 | +€21,189 | +493% |
| Deferred charges and accrued income | 490/1 | €12,923 | €5,749 | -€7,174 | -55.5% |
| Total equity and liabilities | 10/49 | €80,468 | €43,621 | -€36,848 | -45.8% |
| Equity | 10/15 | €8,276 | €13,399 | +€5,123 | +61.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,276 | €9,399 | +€5,123 | +120% |
| Distributable reserves | 133 | €4,276 | €9,399 | +€5,123 | +120% |
| Amounts payable | 17/49 | €72,193 | €30,222 | -€41,971 | -58.1% |
| Amounts payable within one year | 42/48 | €72,193 | €30,222 | -€41,971 | -58.1% |
| Trade debts | 44 | €6,314 | €15,020 | +€8,706 | +138% |
| Suppliers | 440/4 | €6,314 | €15,020 | +€8,706 | +138% |
| Taxes, remuneration and social security | 45 | €3,256 | €9,202 | +€5,946 | +183% |
| Taxes | 450/3 | €3,256 | €9,202 | +€5,946 | +183% |
| Other amounts payable | 47/48 | €62,623 | €6,000 | -€56,623 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,232 | €622 | -€6,610 | -91.4% |
| Other operating charges | 640/8 | €248 | €950 | +€702 | +283% |
| Non-recurring operating charges | 66A | - | €5,338 | +€5,338 | |
| Gross operating margin | 9900 | €13,914 | €17,255 | +€3,341 | +24.0% |
| Operating profit (loss) | 9901 | €6,434 | €10,346 | +€3,912 | +60.8% |
| Financial income | 75/76B | €3 | €892 | +€889 | +31,990% |
| Recurring financial income | 75 | €3 | €892 | +€889 | +31,990% |
| Financial charges | 65/66B | €1,938 | €2,712 | +€774 | +40.0% |
| Recurring financial charges | 65 | €1,938 | €2,712 | +€774 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €4,499 | €8,526 | +€4,027 | +89.5% |
| Income taxes | 67/77 | €223 | €3,403 | +€3,179 | +1,423% |
| Profit (loss) for the period | 9904 | €4,276 | €5,123 | +€848 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,276 | €5,123 | +€848 | +19.8% |
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 14 October 2026 via checked.be.