SIALKA: 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.
SIALKA
Largest movements
- Current investments -€107,374
down €107,374 (-4.8%), from €2.3m to €2.1m
- Receivables within one year -€85,397
down €85,397 (-11.1%), from €770,310 to €684,913
of which Other amounts receivable: -€79,683
- Cash +€64,949
up €64,949 (+173%), from €37,584 to €102,533
mainly Other debts (+€225,000) and Current investments (+€107,374)
- Other debts +€225,000
new in 2025: €225,000
- Tax, wage and social debts -€173,374
down €173,374 (-97.4%), from €178,079 to €4,705
- Reserves -€131,412
down €131,412 (-3.3%), from €4.0m to €3.9m
of which Distributable reserves: -€131,412
- Taxes -€126,369
down €126,369 (-90.4%), from €139,783 to €13,415
- Financial income +€124,741
up €124,741 (+96.5%), from €129,215 to €253,955
- Other operating charges -€105,755
down €105,755 (-71.2%), from €148,570 to €42,814
- Gross operating margin -€25,218
down €25,218 (-71.7%), from €35,191 to €9,973
- Financial charges -€12,216
down €12,216 (-47.4%), from €25,792 to €13,575
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 | €5,407,631 | €5,280,432 | -€127,199 | -2.4% |
| Fixed assets | 21/28 | €2,324,908 | €2,326,757 | +€1,849 | +0.1% |
| Tangible fixed assets | 22/27 | €2,323,148 | €2,324,997 | +€1,849 | +0.1% |
| Land and buildings | 22 | €2,276,968 | €2,197,132 | -€79,836 | -3.5% |
| Plant, machinery and equipment | 23 | €23,371 | €112,396 | +€89,025 | +381% |
| Furniture and vehicles | 24 | €18,308 | €10,969 | -€7,339 | -40.1% |
| Other tangible fixed assets | 26 | €4,500 | €4,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,760 | €1,760 | = | 0.0% |
| Current assets | 29/58 | €3,082,723 | €2,953,675 | -€129,048 | -4.2% |
| Amounts receivable within one year | 40/41 | €770,310 | €684,913 | -€85,397 | -11.1% |
| Trade receivables | 40 | €5,715 | €0 | -€5,715 | -100% |
| Other amounts receivable | 41 | €764,595 | €684,913 | -€79,683 | -10.4% |
| Current investments | 50/53 | €2,255,879 | €2,148,505 | -€107,374 | -4.8% |
| Cash at bank and in hand | 54/58 | €37,584 | €102,533 | +€64,949 | +173% |
| Deferred charges and accrued income | 490/1 | €18,950 | €17,725 | -€1,226 | -6.5% |
| Total equity and liabilities | 10/49 | €5,407,631 | €5,280,432 | -€127,199 | -2.4% |
| Equity | 10/15 | €5,067,526 | €4,936,114 | -€131,412 | -2.6% |
| Contributions | 10/11 | €68,984 | €68,984 | = | 0.0% |
| Reserves | 13 | €4,028,115 | €3,896,703 | -€131,412 | -3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €21,022 | €21,022 | = | 0.0% |
| Distributable reserves | 133 | €4,007,093 | €3,875,681 | -€131,412 | -3.3% |
| Profit (loss) carried forward | 14 | €970,427 | €970,427 | = | 0.0% |
| Amounts payable | 17/49 | €340,105 | €344,318 | +€4,213 | +1.2% |
| Amounts payable after more than one year | 17 | €81,985 | €54,038 | -€27,948 | -34.1% |
| Financial debts | 170/4 | €81,985 | €54,038 | -€27,948 | -34.1% |
| Amounts payable within one year | 42/48 | €258,120 | €290,281 | +€32,161 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €26,920 | €27,948 | +€1,027 | +3.8% |
| Trade debts | 44 | €53,121 | €32,628 | -€20,492 | -38.6% |
| Suppliers | 440/4 | €53,121 | €32,628 | -€20,492 | -38.6% |
| Taxes, remuneration and social security | 45 | €178,079 | €4,705 | -€173,374 | -97.4% |
| Taxes | 450/3 | €178,079 | €4,705 | -€173,374 | -97.4% |
| Other amounts payable | 47/48 | - | €225,000 | +€225,000 | |
| Non-recurring operating income | 76A | €3,192 | €0 | -€3,192 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,060 | €100,536 | -€4,524 | -4.3% |
| Other operating charges | 640/8 | €148,570 | €42,814 | -€105,755 | -71.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,191 | €9,973 | -€25,218 | -71.7% |
| Operating profit (loss) | 9901 | -€218,439 | -€133,377 | +€85,062 | +38.9% |
| Financial income | 75/76B | €129,215 | €253,955 | +€124,741 | +96.5% |
| Recurring financial income | 75 | €129,215 | €253,955 | +€124,741 | +96.5% |
| Financial charges | 65/66B | €25,792 | €13,575 | -€12,216 | -47.4% |
| Recurring financial charges | 65 | €25,792 | €13,575 | -€12,216 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€115,016 | €107,003 | +€222,019 | |
| Income taxes | 67/77 | €139,783 | €13,415 | -€126,369 | -90.4% |
| Profit (loss) for the period | 9904 | -€254,799 | €93,588 | +€348,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€254,799 | €93,588 | +€348,387 |
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 17 October 2026 via checked.be.