Si&Li: 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.
Si&Li
Largest movements
- Tangible fixed assets -€67,784
down €67,784 (-4.6%), from €1.5m to €1.4m
of which Land and buildings: -€66,666
- Receivables within one year +€35,759
up €35,759 (+38.3%), from €93,249 to €129,008
of which Trade receivables: +€38,349
- Debts after one year -€130,167
down €130,167 (-8.5%), from €1.5m to €1.4m
- Reserves +€36,369
up €36,369 (+20.0%), from €181,688 to €218,058
- Current portion of long-term debt +€33,889
up €33,889 (+26.2%), from €129,578 to €163,467
- Other debts +€20,156
up €20,156 (+2,016%), from €1,000 to €21,156
- Financial charges -€6,493
down €6,493 (-23.6%), from €27,566 to €21,073
- Gross operating margin -€2,195
down €2,195 (-1.4%), from €153,756 to €151,561
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 | €1,924,139 | €1,890,667 | -€33,473 | -1.7% |
| Fixed assets | 21/28 | €1,810,402 | €1,742,618 | -€67,784 | -3.7% |
| Tangible fixed assets | 22/27 | €1,462,902 | €1,395,118 | -€67,784 | -4.6% |
| Land and buildings | 22 | €1,459,892 | €1,393,226 | -€66,666 | -4.6% |
| Furniture and vehicles | 24 | €3,011 | €1,892 | -€1,118 | -37.1% |
| Financial fixed assets | 28 | €347,500 | €347,500 | = | 0.0% |
| Current assets | 29/58 | €113,737 | €148,049 | +€34,312 | +30.2% |
| Amounts receivable within one year | 40/41 | €93,249 | €129,008 | +€35,759 | +38.3% |
| Trade receivables | 40 | €82,306 | €120,655 | +€38,349 | +46.6% |
| Other amounts receivable | 41 | €10,943 | €8,353 | -€2,590 | -23.7% |
| Cash at bank and in hand | 54/58 | €3,963 | - | -€3,963 | |
| Deferred charges and accrued income | 490/1 | €16,525 | €19,041 | +€2,515 | +15.2% |
| Total equity and liabilities | 10/49 | €1,924,139 | €1,890,667 | -€33,473 | -1.7% |
| Equity | 10/15 | €221,688 | €258,058 | +€36,369 | +16.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €181,688 | €218,058 | +€36,369 | +20.0% |
| Distributable reserves | 133 | €181,688 | €218,058 | +€36,369 | +20.0% |
| Amounts payable | 17/49 | €1,702,451 | €1,632,609 | -€69,842 | -4.1% |
| Amounts payable after more than one year | 17 | €1,538,413 | €1,408,246 | -€130,167 | -8.5% |
| Financial debts | 170/4 | €1,538,413 | €1,408,246 | -€130,167 | -8.5% |
| Amounts payable within one year | 42/48 | €156,942 | €214,393 | +€57,450 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €129,578 | €163,467 | +€33,889 | +26.2% |
| Trade debts | 44 | €2,891 | €8,314 | +€5,423 | +188% |
| Suppliers | 440/4 | €2,891 | €8,314 | +€5,423 | +188% |
| Taxes, remuneration and social security | 45 | €23,473 | €21,457 | -€2,017 | -8.6% |
| Taxes | 450/3 | €20,312 | €21,457 | +€1,145 | +5.6% |
| Remuneration and social security | 454/9 | €3,161 | - | -€3,161 | |
| Other amounts payable | 47/48 | €1,000 | €21,156 | +€20,156 | +2,016% |
| Accrued charges and deferred income | 492/3 | €7,096 | €9,970 | +€2,874 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,851 | €67,784 | -€67 | -0.1% |
| Other operating charges | 640/8 | €10,614 | €10,751 | +€137 | +1.3% |
| Gross operating margin | 9900 | €153,756 | €151,561 | -€2,195 | -1.4% |
| Operating profit (loss) | 9901 | €75,290 | €73,026 | -€2,265 | -3.0% |
| Financial income | 75/76B | €319 | - | -€319 | |
| Recurring financial income | 75 | €319 | - | -€319 | |
| Financial charges | 65/66B | €27,566 | €21,073 | -€6,493 | -23.6% |
| Recurring financial charges | 65 | €27,566 | €21,073 | -€6,493 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €48,044 | €51,953 | +€3,909 | +8.1% |
| Income taxes | 67/77 | €14,200 | €15,583 | +€1,383 | +9.7% |
| Profit (loss) for the period | 9904 | €33,844 | €36,369 | +€2,525 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,844 | €36,369 | +€2,525 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.