SIALTEX: 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.
SIALTEX
Largest movements
- Cash +€7,121
up €7,121 (+49.5%), from €14,398 to €21,518
mainly Trade debts (+€4,324) and Depreciation (+€3,400)
- Tangible fixed assets -€3,400
down €3,400 (-28.6%), from €11,867 to €8,467
- Receivables within one year -€1,762
down €1,762 (-100.0%), from €1,762 to €0
- Tax, wage and social debts -€6,485
down €6,485 (-15.5%), from €41,730 to €35,245
of which Remuneration and social security: -€4,957
- Trade debts +€4,324
up €4,324 (+67.3%), from €6,423 to €10,747
- Profit (loss) carried forward +€3,132
up €3,132 (+49.9%), from -€6,275 to -€3,143
- Gross operating margin -€49,607
down €49,607 (-30.7%), from €161,410 to €111,803
- Staff costs -€35,144
down €35,144 (-25.5%), from €138,082 to €102,938
- Taxes -€3,188
down €3,188 (-76.9%), from €4,147 to €959
- Other operating charges -€2,009
down €2,009 (-64.7%), from €3,106 to €1,097
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 | €63,632 | €65,133 | +€1,501 | +2.4% |
| Fixed assets | 21/28 | €15,787 | €12,387 | -€3,400 | -21.5% |
| Tangible fixed assets | 22/27 | €11,867 | €8,467 | -€3,400 | -28.6% |
| Furniture and vehicles | 24 | €11,867 | €8,467 | -€3,400 | -28.6% |
| Financial fixed assets | 28 | €3,920 | €3,920 | = | 0.0% |
| Current assets | 29/58 | €47,845 | €52,746 | +€4,901 | +10.2% |
| Stocks and contracts in progress | 3 | €31,151 | €30,951 | -€200 | -0.6% |
| Stocks | 30/36 | €31,151 | €30,951 | -€200 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,762 | €0 | -€1,762 | -100.0% |
| Trade receivables | 40 | €1,762 | €0 | -€1,762 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,398 | €21,518 | +€7,121 | +49.5% |
| Deferred charges and accrued income | 490/1 | €534 | €277 | -€257 | -48.2% |
| Total equity and liabilities | 10/49 | €63,632 | €65,133 | +€1,501 | +2.4% |
| Equity | 10/15 | €12,325 | €15,457 | +€3,132 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,275 | -€3,143 | +€3,132 | +49.9% |
| Amounts payable | 17/49 | €51,307 | €49,676 | -€1,631 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,307 | €49,676 | -€1,631 | -3.2% |
| Trade debts | 44 | €6,423 | €10,747 | +€4,324 | +67.3% |
| Suppliers | 440/4 | €6,423 | €10,747 | +€4,324 | +67.3% |
| Taxes, remuneration and social security | 45 | €41,730 | €35,245 | -€6,485 | -15.5% |
| Taxes | 450/3 | €16,277 | €14,750 | -€1,527 | -9.4% |
| Remuneration and social security | 454/9 | €25,453 | €20,495 | -€4,957 | -19.5% |
| Other amounts payable | 47/48 | €3,154 | €3,684 | +€530 | +16.8% |
| Remuneration, social security and pensions | 62 | €138,082 | €102,938 | -€35,144 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,400 | €3,400 | = | 0.0% |
| Other operating charges | 640/8 | €3,106 | €1,097 | -€2,009 | -64.7% |
| Gross operating margin | 9900 | €161,410 | €111,803 | -€49,607 | -30.7% |
| Operating profit (loss) | 9901 | €16,822 | €4,367 | -€12,454 | -74.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €220 | €277 | +€56 | +25.6% |
| Recurring financial charges | 65 | €220 | €277 | +€56 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €16,602 | €4,091 | -€12,511 | -75.4% |
| Income taxes | 67/77 | €4,147 | €959 | -€3,188 | -76.9% |
| Profit (loss) for the period | 9904 | €12,455 | €3,132 | -€9,323 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,455 | €3,132 | -€9,323 | -74.9% |
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 3 October 2026 via checked.be.