SIL: 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.
SIL
Largest movements
- Current investments +€140,000
up €140,000 (+129.9%), from €107,772 to €247,772
- Cash -€42,699
down €42,699 (-32.0%), from €133,554 to €90,855
mainly Current investments (-€140,000) and Debts after one year (-€21,840)
- Tangible fixed assets -€20,193
down €20,193 (-3.7%), from €549,358 to €529,165
of which Land and buildings: -€18,164
- Profit (loss) carried forward +€64,477
new in 2025: €64,477
- Reserves +€42,100
up €42,100 (+17.6%), from €239,217 to €281,317
of which Tax-exempt reserves: +€42,100
- Debts after one year -€21,840
down €21,840 (-5.2%), from €418,264 to €396,424
- Tax, wage and social debts -€14,110
down €14,110 (-42.4%), from €33,296 to €19,187
of which Taxes: -€14,081
- Trade debts +€13,064
up €13,064 (+128.1%), from €10,198 to €23,261
- Staff costs -€12,724
down €12,724 (-22.0%), from €57,933 to €45,209
- Gross operating margin +€8,153
up €8,153 (+3.8%), from €212,563 to €220,716
- Financial income +€3,522
up €3,522 (+1553.6%), from €227 to €3,748
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 | €802,123 | €889,360 | +€87,237 | +10.9% |
| Fixed assets | 21/28 | €549,443 | €529,250 | -€20,193 | -3.7% |
| Tangible fixed assets | 22/27 | €549,358 | €529,165 | -€20,193 | -3.7% |
| Land and buildings | 22 | €484,535 | €466,370 | -€18,164 | -3.7% |
| Plant, machinery and equipment | 23 | €53,334 | €56,964 | +€3,631 | +6.8% |
| Furniture and vehicles | 24 | €11,490 | €5,831 | -€5,659 | -49.3% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €252,679 | €360,109 | +€107,430 | +42.5% |
| Stocks and contracts in progress | 3 | €5,380 | €9,709 | +€4,329 | +80.5% |
| Stocks | 30/36 | €5,380 | €9,709 | +€4,329 | +80.5% |
| Amounts receivable within one year | 40/41 | €3,671 | €9,757 | +€6,086 | +165.8% |
| Other amounts receivable | 41 | €3,671 | €9,757 | +€6,086 | +165.8% |
| Current investments | 50/53 | €107,772 | €247,772 | +€140,000 | +129.9% |
| Cash at bank and in hand | 54/58 | €133,554 | €90,855 | -€42,699 | -32.0% |
| Deferred charges and accrued income | 490/1 | €2,301 | €2,015 | -€286 | -12.4% |
| Total equity and liabilities | 10/49 | €802,123 | €889,360 | +€87,237 | +10.9% |
| Equity | 10/15 | €289,217 | €395,794 | +€106,577 | +36.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €239,217 | €281,317 | +€42,100 | +17.6% |
| Tax-exempt reserves | 132 | €31,575 | €73,675 | +€42,100 | +133.3% |
| Distributable reserves | 133 | €207,642 | €207,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €64,477 | +€64,477 | |
| Amounts payable | 17/49 | €512,906 | €493,566 | -€19,340 | -3.8% |
| Amounts payable after more than one year | 17 | €418,264 | €396,424 | -€21,840 | -5.2% |
| Financial debts | 170/4 | €418,264 | €396,424 | -€21,840 | -5.2% |
| Amounts payable within one year | 42/48 | €93,439 | €96,276 | +€2,837 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €23,916 | €16,840 | -€7,076 | -29.6% |
| Trade debts | 44 | €10,198 | €23,261 | +€13,064 | +128.1% |
| Suppliers | 440/4 | €10,198 | €23,261 | +€13,064 | +128.1% |
| Taxes, remuneration and social security | 45 | €33,296 | €19,187 | -€14,110 | -42.4% |
| Taxes | 450/3 | €23,482 | €9,401 | -€14,081 | -60.0% |
| Remuneration and social security | 454/9 | €9,814 | €9,786 | -€29 | -0.3% |
| Other amounts payable | 47/48 | €26,029 | €36,988 | +€10,959 | +42.1% |
| Accrued charges and deferred income | 492/3 | €1,203 | €866 | -€337 | -28.0% |
| Remuneration, social security and pensions | 62 | €57,933 | €45,209 | -€12,724 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,108 | €30,992 | +€884 | +2.9% |
| Other operating charges | 640/8 | €3,720 | €2,861 | -€859 | -23.1% |
| Gross operating margin | 9900 | €212,563 | €220,716 | +€8,153 | +3.8% |
| Operating profit (loss) | 9901 | €120,802 | €141,653 | +€20,852 | +17.3% |
| Financial income | 75/76B | €227 | €3,748 | +€3,522 | +1553.6% |
| Recurring financial income | 75 | €227 | €3,748 | +€3,522 | +1553.6% |
| Financial charges | 65/66B | €10,002 | €9,087 | -€914 | -9.1% |
| Recurring financial charges | 65 | €10,002 | €9,087 | -€914 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €111,027 | €136,314 | +€25,288 | +22.8% |
| Income taxes | 67/77 | €29,205 | €29,737 | +€532 | +1.8% |
| Profit (loss) for the period | 9904 | €81,821 | €106,577 | +€24,756 | +30.3% |
| Transfer to tax-exempt reserves | 689 | €31,575 | €42,100 | +€10,525 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,246 | €64,477 | +€14,231 | +28.3% |
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 8 October 2026 via checked.be.