ERGUN SILA: 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.
ERGUN SILA
Largest movements
- Cash +€18,687
up €18,687 (+153%), from €12,212 to €30,899
mainly Net result for the year (+€31,573) and Receivables within one year (+€4,122)
- Receivables within one year -€4,122
down €4,122 (-29.2%), from €14,134 to €10,012
of which Other amounts receivable: -€5,686
- Stocks and contracts +€3,025
up €3,025 (+30.0%), from €10,100 to €13,125
- Tangible fixed assets +€653
up €653 (+35.6%), from €1,832 to €2,485
of which Furniture and vehicles: +€1,269
- Profit (loss) carried forward +€31,573
up €31,573 (+301%), from €10,485 to €42,058
- Trade debts -€12,470
down €12,470 (-95.6%), from €13,049 to €580
- Tax, wage and social debts -€821
down €821 (-29.9%), from €2,744 to €1,924
- Gross operating margin +€26,738
up €26,738 (+286%), from €9,364 to €36,103
- Other operating charges -€1,067
down €1,067 (-54.1%), from €1,975 to €907
- Taxes +€929
new in 2025: €929
- Financial charges +€806
up €806 (+65.0%), from €1,241 to €2,047
- Depreciation +€631
up €631 (+4,154%), from €15 to €646
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 | €38,278 | €56,561 | +€18,283 | +47.8% |
| Fixed assets | 21/28 | €1,832 | €2,485 | +€653 | +35.6% |
| Tangible fixed assets | 22/27 | €1,832 | €2,485 | +€653 | +35.6% |
| Plant, machinery and equipment | 23 | €1,832 | €1,217 | -€616 | -33.6% |
| Furniture and vehicles | 24 | - | €1,269 | +€1,269 | |
| Current assets | 29/58 | €36,446 | €54,075 | +€17,630 | +48.4% |
| Stocks and contracts in progress | 3 | €10,100 | €13,125 | +€3,025 | +30.0% |
| Stocks | 30/36 | €10,100 | €13,125 | +€3,025 | +30.0% |
| Amounts receivable within one year | 40/41 | €14,134 | €10,012 | -€4,122 | -29.2% |
| Trade receivables | 40 | - | €1,564 | +€1,564 | |
| Other amounts receivable | 41 | €14,134 | €8,448 | -€5,686 | -40.2% |
| Cash at bank and in hand | 54/58 | €12,212 | €30,899 | +€18,687 | +153% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €38,278 | €56,561 | +€18,283 | +47.8% |
| Equity | 10/15 | €22,485 | €54,058 | +€31,573 | +140% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | €12,000 | = | 0.0% |
| Issued capital | 100 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,485 | €42,058 | +€31,573 | +301% |
| Amounts payable | 17/49 | €15,793 | €2,503 | -€13,290 | -84.2% |
| Amounts payable within one year | 42/48 | €15,793 | €2,503 | -€13,290 | -84.2% |
| Trade debts | 44 | €13,049 | €580 | -€12,470 | -95.6% |
| Suppliers | 440/4 | €13,049 | €580 | -€12,470 | -95.6% |
| Taxes, remuneration and social security | 45 | €2,744 | €1,924 | -€821 | -29.9% |
| Taxes | 450/3 | €2,744 | €1,924 | -€821 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €646 | +€631 | +4,154% |
| Other operating charges | 640/8 | €1,975 | €907 | -€1,067 | -54.1% |
| Gross operating margin | 9900 | €9,364 | €36,103 | +€26,738 | +286% |
| Operating profit (loss) | 9901 | €7,374 | €34,549 | +€27,175 | +369% |
| Financial charges | 65/66B | €1,241 | €2,047 | +€806 | +65.0% |
| Recurring financial charges | 65 | €1,241 | €2,047 | +€806 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €6,133 | €32,502 | +€26,369 | +430% |
| Income taxes | 67/77 | - | €929 | +€929 | |
| Profit (loss) for the period | 9904 | €6,133 | €31,573 | +€25,440 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €6,133 | €31,573 | +€25,440 | +415% |
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 25 October 2026 via checked.be.