SIBS: 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.
SIBS
Largest movements
- Receivables within one year +€47,553
up €47,553 (+193.8%), from €24,538 to €72,090
of which Other amounts receivable: +€47,603
- Cash +€13,310
up €13,310 (+32.6%), from €40,824 to €54,134
mainly Net result for the year (+€56,952) and Other debts (+€54,700)
- Tangible fixed assets -€6,150
down €6,150 (-27.7%), from €22,194 to €16,045
of which Furniture and vehicles: -€4,499
- Other debts +€54,700
new in 2025: €54,700
- Tax, wage and social debts -€8,139
down €8,139 (-19.8%), from €41,162 to €33,023
- Trade debts +€7,093
up €7,093 (+399.8%), from €1,774 to €8,867
- Profit (loss) carried forward +€6,952
up €6,952 (+56.1%), from €12,385 to €19,336
- Reserves -€6,000
down €6,000 (-23.1%), from €26,000 to €20,000
- Gross operating margin +€53,273
up €53,273 (+133.9%), from €39,799 to €93,072
- Taxes +€14,114
up €14,114 (+132.7%), from €10,633 to €24,747
- Financial charges -€11,653
down €11,653 (-93.7%), from €12,435 to €781
of which Non-recurring financial charges: -€12,200
- Financial income +€2,825
up €2,825 (+439.4%), from €643 to €3,468
- Depreciation -€1,682
down €1,682 (-12.4%), from €13,598 to €11,916
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 | €90,658 | €145,404 | +€54,745 | +60.4% |
| Fixed assets | 21/28 | €22,194 | €16,045 | -€6,150 | -27.7% |
| Tangible fixed assets | 22/27 | €22,194 | €16,045 | -€6,150 | -27.7% |
| Furniture and vehicles | 24 | €17,030 | €12,531 | -€4,499 | -26.4% |
| Other tangible fixed assets | 26 | €5,164 | €3,514 | -€1,651 | -32.0% |
| Current assets | 29/58 | €68,464 | €129,359 | +€60,895 | +88.9% |
| Amounts receivable within one year | 40/41 | €24,538 | €72,090 | +€47,553 | +193.8% |
| Trade receivables | 40 | €14,670 | €14,619 | -€50 | -0.3% |
| Other amounts receivable | 41 | €9,868 | €57,471 | +€47,603 | +482.4% |
| Cash at bank and in hand | 54/58 | €40,824 | €54,134 | +€13,310 | +32.6% |
| Deferred charges and accrued income | 490/1 | €3,102 | €3,135 | +€32 | +1.0% |
| Total equity and liabilities | 10/49 | €90,658 | €145,404 | +€54,745 | +60.4% |
| Equity | 10/15 | €46,445 | €47,396 | +€952 | +2.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €26,000 | €20,000 | -€6,000 | -23.1% |
| Distributable reserves | 133 | €26,000 | €20,000 | -€6,000 | -23.1% |
| Profit (loss) carried forward | 14 | €12,385 | €19,336 | +€6,952 | +56.1% |
| Amounts payable | 17/49 | €44,214 | €98,007 | +€53,794 | +121.7% |
| Amounts payable within one year | 42/48 | €44,214 | €98,007 | +€53,794 | +121.7% |
| Financial debts | 43 | €1,278 | €1,417 | +€139 | +10.9% |
| Credit institutions | 430/8 | €1,278 | €1,417 | +€139 | +10.9% |
| Trade debts | 44 | €1,774 | €8,867 | +€7,093 | +399.8% |
| Suppliers | 440/4 | €1,774 | €8,867 | +€7,093 | +399.8% |
| Taxes, remuneration and social security | 45 | €41,162 | €33,023 | -€8,139 | -19.8% |
| Taxes | 450/3 | €41,162 | €33,023 | -€8,139 | -19.8% |
| Other amounts payable | 47/48 | - | €54,700 | +€54,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,598 | €11,916 | -€1,682 | -12.4% |
| Other operating charges | 640/8 | €2,254 | €2,144 | -€110 | -4.9% |
| Gross operating margin | 9900 | €39,799 | €93,072 | +€53,273 | +133.9% |
| Operating profit (loss) | 9901 | €23,947 | €79,012 | +€55,065 | +229.9% |
| Financial income | 75/76B | €643 | €3,468 | +€2,825 | +439.4% |
| Recurring financial income | 75 | €643 | €3,468 | +€2,825 | +439.4% |
| Financial charges | 65/66B | €12,435 | €781 | -€11,653 | -93.7% |
| Recurring financial charges | 65 | €235 | €781 | +€547 | +232.9% |
| Non-recurring financial charges | 66B | €12,200 | - | -€12,200 | |
| Profit (loss) for the period before taxes | 9903 | €12,155 | €81,699 | +€69,543 | +572.1% |
| Income taxes | 67/77 | €10,633 | €24,747 | +€14,114 | +132.7% |
| Profit (loss) for the period | 9904 | €1,522 | €56,952 | +€55,429 | +3640.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,522 | €56,952 | +€55,429 | +3640.7% |
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 9 October 2026 via checked.be.