SibVet: 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.
SibVet
Largest movements
- Receivables within one year -€69,398
down €69,398 (-21.6%), from €320,768 to €251,370
of which Trade receivables: -€60,033
- Tangible fixed assets -€56,090
down €56,090 (-11.5%), from €486,867 to €430,777
of which Land and buildings: -€43,706
- Cash +€54,419
up €54,419 (+50.3%), from €108,260 to €162,680
mainly Receivables within one year (+€69,398) and Depreciation (+€57,985)
- Other debts -€52,080
down €52,080 (-43.4%), from €120,057 to €67,977
- Debts after one year -€36,541
down €36,541 (-12.5%), from €293,072 to €256,530
- Trade debts +€15,916
up €15,916 (+3.1%), from €506,399 to €522,315
- Gross operating margin +€3,162
up €3,162 (+5.0%), from €63,547 to €66,709
- Financial income -€1,560
down €1,560 (-94.7%), from €1,647 to €87
- Other operating charges +€987
up €987 (+27.8%), from €3,545 to €4,532
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 | €967,442 | €896,375 | -€71,067 | -7.3% |
| Fixed assets | 21/28 | €495,367 | €439,277 | -€56,090 | -11.3% |
| Tangible fixed assets | 22/27 | €486,867 | €430,777 | -€56,090 | -11.5% |
| Land and buildings | 22 | €459,999 | €416,294 | -€43,706 | -9.5% |
| Plant, machinery and equipment | 23 | €12,511 | €7,297 | -€5,213 | -41.7% |
| Furniture and vehicles | 24 | €14,358 | €7,186 | -€7,171 | -49.9% |
| Financial fixed assets | 28 | €8,500 | €8,500 | = | 0.0% |
| Current assets | 29/58 | €472,075 | €457,098 | -€14,977 | -3.2% |
| Stocks and contracts in progress | 3 | €42,826 | €42,826 | = | 0.0% |
| Stocks | 30/36 | €42,826 | €42,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €320,768 | €251,370 | -€69,398 | -21.6% |
| Trade receivables | 40 | €309,593 | €249,560 | -€60,033 | -19.4% |
| Other amounts receivable | 41 | €11,176 | €1,810 | -€9,365 | -83.8% |
| Cash at bank and in hand | 54/58 | €108,260 | €162,680 | +€54,419 | +50.3% |
| Deferred charges and accrued income | 490/1 | €220 | €222 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €967,442 | €896,375 | -€71,067 | -7.3% |
| Equity | 10/15 | €10,062 | €10,846 | +€784 | +7.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | €846 | +€784 | +1265.5% |
| Amounts payable | 17/49 | €957,381 | €885,529 | -€71,851 | -7.5% |
| Amounts payable after more than one year | 17 | €293,072 | €256,530 | -€36,541 | -12.5% |
| Financial debts | 170/4 | €293,072 | €256,530 | -€36,541 | -12.5% |
| Amounts payable within one year | 42/48 | €662,559 | €627,109 | -€35,450 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €36,058 | €36,541 | +€483 | +1.3% |
| Trade debts | 44 | €506,399 | €522,315 | +€15,916 | +3.1% |
| Suppliers | 440/4 | €506,399 | €522,315 | +€15,916 | +3.1% |
| Taxes, remuneration and social security | 45 | €45 | €275 | +€230 | +511.1% |
| Taxes | 450/3 | €45 | €275 | +€230 | +511.1% |
| Other amounts payable | 47/48 | €120,057 | €67,977 | -€52,080 | -43.4% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,890 | +€140 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,866 | €57,985 | +€120 | +0.2% |
| Other operating charges | 640/8 | €3,545 | €4,532 | +€987 | +27.8% |
| Gross operating margin | 9900 | €63,547 | €66,709 | +€3,162 | +5.0% |
| Operating profit (loss) | 9901 | €2,137 | €4,192 | +€2,055 | +96.2% |
| Financial income | 75/76B | €1,647 | €87 | -€1,560 | -94.7% |
| Recurring financial income | 75 | €1,647 | €87 | -€1,560 | -94.7% |
| Financial charges | 65/66B | €3,735 | €3,265 | -€471 | -12.6% |
| Recurring financial charges | 65 | €3,735 | €3,265 | -€471 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €48 | €1,014 | +€966 | +1997.1% |
| Income taxes | 67/77 | €45 | €230 | +€185 | +411.1% |
| Profit (loss) for the period | 9904 | €3 | €784 | +€781 | +23302.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3 | €784 | +€781 | +23302.1% |
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 8 October 2026 via checked.be.