SIL-T: 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.
SIL-T
Largest movements
- Receivables within one year -€19,166
down €19,166 (-31.5%), from €60,791 to €41,625
of which Trade receivables: -€30,789
- Cash +€3,325
up €3,325 (+4.6%), from €71,999 to €75,324
mainly Other debts (+€51,141) and Receivables within one year (+€19,166)
- Reserves -€82,197
down €82,197 (-57.5%), from €142,843 to €60,645
- Other debts +€51,141
up €51,141, from €0 to €51,141
- Tax, wage and social debts +€8,215
up €8,215 (+221%), from €3,723 to €11,938
of which Taxes: +€7,040
- Trade debts +€6,783
up €6,783 (+275%), from €2,467 to €9,251
- Gross operating margin +€14,181
up €14,181 (+55.6%), from €25,515 to €39,695
- Taxes +€6,164
up €6,164 (+158%), from €3,902 to €10,066
- Staff costs -€5,378
down €5,378 (-65.2%), from €8,250 to €2,872
- Financial charges -€1,406
down €1,406 (-81.1%), from €1,735 to €329
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 | €151,532 | €135,475 | -€16,057 | -10.6% |
| Fixed assets | 21/28 | €17,670 | €16,451 | -€1,219 | -6.9% |
| Tangible fixed assets | 22/27 | €17,670 | €16,451 | -€1,219 | -6.9% |
| Other tangible fixed assets | 26 | €17,670 | €16,451 | -€1,219 | -6.9% |
| Current assets | 29/58 | €133,862 | €119,023 | -€14,839 | -11.1% |
| Amounts receivable within one year | 40/41 | €60,791 | €41,625 | -€19,166 | -31.5% |
| Trade receivables | 40 | €57,796 | €27,007 | -€30,789 | -53.3% |
| Other amounts receivable | 41 | €2,995 | €14,618 | +€11,623 | +388% |
| Cash at bank and in hand | 54/58 | €71,999 | €75,324 | +€3,325 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,073 | €2,075 | +€1,002 | +93.5% |
| Total equity and liabilities | 10/49 | €151,532 | €135,475 | -€16,057 | -10.6% |
| Equity | 10/15 | €145,343 | €63,145 | -€82,197 | -56.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €142,843 | €60,645 | -€82,197 | -57.5% |
| Distributable reserves | 133 | €142,843 | €60,645 | -€82,197 | -57.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,190 | €72,330 | +€66,140 | +1,069% |
| Amounts payable within one year | 42/48 | €6,190 | €72,330 | +€66,140 | +1,069% |
| Trade debts | 44 | €2,467 | €9,251 | +€6,783 | +275% |
| Suppliers | 440/4 | €2,467 | €9,251 | +€6,783 | +275% |
| Taxes, remuneration and social security | 45 | €3,723 | €11,938 | +€8,215 | +221% |
| Taxes | 450/3 | €3,723 | €10,763 | +€7,040 | +189% |
| Remuneration and social security | 454/9 | €0 | €1,175 | +€1,175 | |
| Other amounts payable | 47/48 | €0 | €51,141 | +€51,141 | |
| Remuneration, social security and pensions | 62 | €8,250 | €2,872 | -€5,378 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,066 | €6,365 | +€299 | +4.9% |
| Other operating charges | 640/8 | €1,250 | €971 | -€279 | -22.4% |
| Gross operating margin | 9900 | €25,515 | €39,695 | +€14,181 | +55.6% |
| Operating profit (loss) | 9901 | €9,948 | €29,488 | +€19,539 | +196% |
| Financial income | 75/76B | €2 | €52 | +€50 | +2,152% |
| Recurring financial income | 75 | €2 | €52 | +€50 | +2,152% |
| Financial charges | 65/66B | €1,735 | €329 | -€1,406 | -81.1% |
| Recurring financial charges | 65 | €1,735 | €329 | -€1,406 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €8,216 | €29,212 | +€20,996 | +256% |
| Income taxes | 67/77 | €3,902 | €10,066 | +€6,164 | +158% |
| Profit (loss) for the period | 9904 | €4,313 | €19,145 | +€14,832 | +344% |
| Profit (loss) for the period to be appropriated | 9905 | €4,313 | €19,145 | +€14,832 | +344% |
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 24 October 2026 via checked.be.