SIAL: 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.
SIAL
Largest movements
- Tangible fixed assets +€22,038
up €22,038 (+3.8%), from €576,806 to €598,845
of which Other tangible fixed assets: +€32,644
- Trade debts +€118,165
up €118,165 (+11268.3%), from €1,049 to €119,213
- Accrued charges and deferred income -€56,807
no longer reported in 2025 (was €56,807)
- Debts after one year -€53,096
down €53,096 (-28.7%), from €184,768 to €131,673
- Other debts +€49,376
up €49,376 (+23.0%), from €214,398 to €263,775
- Profit (loss) carried forward -€38,579
down €38,579 (-15.2%), from -€253,353 to -€291,932
- Gross operating margin +€6,684
up €6,684 (+89.7%), from €7,454 to €14,138
- Other operating charges -€5,060
down €5,060 (-38.7%), from €13,083 to €8,023
- Financial charges -€768
down €768 (-16.7%), from €4,608 to €3,839
- Depreciation +€449
up €449 (+1.1%), from €40,406 to €40,855
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 | €627,238 | €647,094 | +€19,856 | +3.2% |
| Fixed assets | 21/28 | €576,806 | €598,845 | +€22,038 | +3.8% |
| Tangible fixed assets | 22/27 | €576,806 | €598,845 | +€22,038 | +3.8% |
| Land and buildings | 22 | €346,913 | €336,307 | -€10,606 | -3.1% |
| Other tangible fixed assets | 26 | €229,893 | €262,538 | +€32,644 | +14.2% |
| Current assets | 29/58 | €50,432 | €48,249 | -€2,183 | -4.3% |
| Amounts receivable within one year | 40/41 | €31,274 | €31,274 | = | 0.0% |
| Other amounts receivable | 41 | €31,274 | €31,274 | = | 0.0% |
| Current investments | 50/53 | €10,187 | €10,187 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,302 | €538 | -€2,764 | -83.7% |
| Deferred charges and accrued income | 490/1 | €5,669 | €6,250 | +€581 | +10.3% |
| Total equity and liabilities | 10/49 | €627,238 | €647,094 | +€19,856 | +3.2% |
| Equity | 10/15 | €117,916 | €79,337 | -€38,579 | -32.7% |
| Contributions | 10/11 | €368,592 | €368,592 | = | 0.0% |
| Reserves | 13 | €2,677 | €2,677 | = | 0.0% |
| Distributable reserves | 133 | €2,677 | €2,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,353 | -€291,932 | -€38,579 | -15.2% |
| Amounts payable | 17/49 | €509,322 | €567,756 | +€58,434 | +11.5% |
| Amounts payable after more than one year | 17 | €184,768 | €131,673 | -€53,096 | -28.7% |
| Financial debts | 170/4 | €184,768 | €131,673 | -€53,096 | -28.7% |
| Amounts payable within one year | 42/48 | €267,747 | €436,084 | +€168,337 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €52,300 | €53,096 | +€796 | +1.5% |
| Trade debts | 44 | €1,049 | €119,213 | +€118,165 | +11268.3% |
| Suppliers | 440/4 | €1,049 | €119,213 | +€118,165 | +11268.3% |
| Other amounts payable | 47/48 | €214,398 | €263,775 | +€49,376 | +23.0% |
| Accrued charges and deferred income | 492/3 | €56,807 | - | -€56,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,406 | €40,855 | +€449 | +1.1% |
| Other operating charges | 640/8 | €13,083 | €8,023 | -€5,060 | -38.7% |
| Gross operating margin | 9900 | €7,454 | €14,138 | +€6,684 | +89.7% |
| Operating profit (loss) | 9901 | -€46,035 | -€34,739 | +€11,295 | +24.5% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €4,608 | €3,839 | -€768 | -16.7% |
| Recurring financial charges | 65 | €4,608 | €3,839 | -€768 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,632 | -€38,579 | +€12,053 | +23.8% |
| Profit (loss) for the period | 9904 | -€50,632 | -€38,579 | +€12,053 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,632 | -€38,579 | +€12,053 | +23.8% |
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 30 September 2026 via checked.be.