SIBV: 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.
SIBV
Largest movements
- Cash +€14,834
up €14,834 (+12.4%), from €119,190 to €134,023
mainly Net result for the year (+€11,942) and Depreciation (+€5,880)
- Tangible fixed assets -€5,880
down €5,880 (-7.0%), from €84,579 to €78,699
of which Other tangible fixed assets: -€3,720
- Deferred charges and accrued income +€3,844
up €3,844 (+54.8%), from €7,009 to €10,853
- Reserves +€11,942
up €11,942 (+9.7%), from €123,134 to €135,076
of which Distributable reserves: +€13,132
- Other debts +€2,286
up €2,286 (+26.0%), from €8,778 to €11,064
- Gross operating margin -€1,965
down €1,965 (-6.8%), from €28,686 to €26,722
- Taxes -€680
down €680 (-10.0%), from €6,820 to €6,140
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 | €210,778 | €224,436 | +€13,658 | +6.5% |
| Fixed assets | 21/28 | €84,579 | €78,699 | -€5,880 | -7.0% |
| Tangible fixed assets | 22/27 | €84,579 | €78,699 | -€5,880 | -7.0% |
| Land and buildings | 22 | €64,434 | €62,386 | -€2,048 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €112 | €0 | -€112 | -100.0% |
| Other tangible fixed assets | 26 | €20,033 | €16,313 | -€3,720 | -18.6% |
| Current assets | 29/58 | €126,199 | €145,737 | +€19,538 | +15.5% |
| Amounts receivable within one year | 40/41 | - | €861 | +€861 | |
| Other amounts receivable | 41 | - | €861 | +€861 | |
| Cash at bank and in hand | 54/58 | €119,190 | €134,023 | +€14,834 | +12.4% |
| Deferred charges and accrued income | 490/1 | €7,009 | €10,853 | +€3,844 | +54.8% |
| Total equity and liabilities | 10/49 | €210,778 | €224,436 | +€13,658 | +6.5% |
| Equity | 10/15 | €190,020 | €201,963 | +€11,942 | +6.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €123,134 | €135,076 | +€11,942 | +9.7% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,429 | €18,240 | -€1,190 | -6.1% |
| Distributable reserves | 133 | €96,268 | €109,400 | +€13,132 | +13.6% |
| Profit (loss) carried forward | 14 | -€7,482 | -€7,482 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,005 | €9,392 | -€613 | -6.1% |
| Deferred taxes | 168 | €10,005 | €9,392 | -€613 | -6.1% |
| Amounts payable | 17/49 | €10,753 | €13,082 | +€2,328 | +21.7% |
| Amounts payable within one year | 42/48 | €10,753 | €13,082 | +€2,328 | +21.7% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,976 | €2,018 | +€42 | +2.1% |
| Taxes | 450/3 | €1,976 | €2,018 | +€42 | +2.1% |
| Other amounts payable | 47/48 | €8,778 | €11,064 | +€2,286 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,911 | €5,880 | -€31 | -0.5% |
| Other operating charges | 640/8 | €2,451 | €2,528 | +€77 | +3.2% |
| Gross operating margin | 9900 | €28,686 | €26,722 | -€1,965 | -6.8% |
| Operating profit (loss) | 9901 | €20,324 | €18,314 | -€2,011 | -9.9% |
| Financial income | 75/76B | €1 | €3 | +€3 | +507.5% |
| Recurring financial income | 75 | €1 | €3 | +€3 | +507.5% |
| Financial charges | 65/66B | €705 | €847 | +€142 | +20.1% |
| Recurring financial charges | 65 | €705 | €847 | +€142 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €19,620 | €17,470 | -€2,150 | -11.0% |
| Transfer from deferred taxes | 780 | €613 | €613 | = | 0.0% |
| Income taxes | 67/77 | €6,820 | €6,140 | -€680 | -10.0% |
| Profit (loss) for the period | 9904 | €13,412 | €11,942 | -€1,470 | -11.0% |
| Transfer from tax-exempt reserves | 789 | €1,190 | €1,190 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,602 | €13,132 | -€1,470 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.