SILA: 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.
SILA
Largest movements
- Current investments -€99,059
down €99,059 (-33.5%), from €295,856 to €196,796
- Cash +€64,486
up €64,486 (+1,174%), from €5,495 to €69,982
mainly Current investments (+€99,059) and Net result for the year (+€36,284)
- Receivables within one year -€22,260
down €22,260 (-82.1%), from €27,100 to €4,840
of which Other amounts receivable: -€15,000
- Short-term financial debts -€80,000
down €80,000 (-20.5%), from €390,000 to €310,000
- Reserves +€36,284
up €36,284 (+5.9%), from €618,810 to €655,094
of which Distributable reserves: +€36,284
- Financial income -€144,315
down €144,315 (-68.3%), from €211,266 to €66,950
- Depreciation +€6,077
up €6,077 (+242%), from €2,514 to €8,591
- Financial charges +€3,045
up €3,045 (+8.6%), from €35,420 to €38,465
- Taxes -€2,925
down €2,925 (-11.3%), from €25,944 to €23,019
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 | €1,647,379 | €1,603,249 | -€44,130 | -2.7% |
| Fixed assets | 21/28 | €1,118,208 | €1,128,686 | +€10,478 | +0.9% |
| Tangible fixed assets | 22/27 | €3,265 | €13,743 | +€10,478 | +321% |
| Furniture and vehicles | 24 | €3,265 | €13,743 | +€10,478 | +321% |
| Financial fixed assets | 28 | €1,114,943 | €1,114,943 | = | 0.0% |
| Current assets | 29/58 | €529,171 | €474,563 | -€54,608 | -10.3% |
| Amounts receivable within one year | 40/41 | €27,100 | €4,840 | -€22,260 | -82.1% |
| Trade receivables | 40 | €12,100 | €4,840 | -€7,260 | -60.0% |
| Other amounts receivable | 41 | €15,000 | €0 | -€15,000 | -100% |
| Current investments | 50/53 | €295,856 | €196,796 | -€99,059 | -33.5% |
| Cash at bank and in hand | 54/58 | €5,495 | €69,982 | +€64,486 | +1,174% |
| Deferred charges and accrued income | 490/1 | €200,720 | €202,945 | +€2,225 | +1.1% |
| Total equity and liabilities | 10/49 | €1,647,379 | €1,603,249 | -€44,130 | -2.7% |
| Equity | 10/15 | €1,189,478 | €1,225,762 | +€36,284 | +3.1% |
| Contributions | 10/11 | €362,447 | €362,447 | = | 0.0% |
| Capital | 10 | €362,447 | €362,447 | = | 0.0% |
| Issued capital | 100 | €362,447 | €362,447 | = | 0.0% |
| Reserves | 13 | €618,810 | €655,094 | +€36,284 | +5.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €606,415 | €642,699 | +€36,284 | +6.0% |
| Profit (loss) carried forward | 14 | €208,222 | €208,222 | = | 0.0% |
| Amounts payable | 17/49 | €457,901 | €377,487 | -€80,414 | -17.6% |
| Amounts payable within one year | 42/48 | €457,751 | €377,487 | -€80,264 | -17.5% |
| Financial debts | 43 | €390,000 | €310,000 | -€80,000 | -20.5% |
| Other loans | 439 | €390,000 | €310,000 | -€80,000 | -20.5% |
| Trade debts | 44 | €613 | €2,957 | +€2,343 | +382% |
| Suppliers | 440/4 | €613 | €2,957 | +€2,343 | +382% |
| Taxes, remuneration and social security | 45 | €23,221 | €28,315 | +€5,094 | +21.9% |
| Taxes | 450/3 | €23,221 | €28,315 | +€5,094 | +21.9% |
| Other amounts payable | 47/48 | €43,916 | €36,215 | -€7,701 | -17.5% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,514 | €8,591 | +€6,077 | +242% |
| Other operating charges | 640/8 | €2,077 | €2,145 | +€68 | +3.3% |
| Gross operating margin | 9900 | €41,937 | €41,554 | -€384 | -0.9% |
| Operating profit (loss) | 9901 | €37,347 | €30,818 | -€6,529 | -17.5% |
| Financial income | 75/76B | €211,266 | €66,950 | -€144,315 | -68.3% |
| Recurring financial income | 75 | €211,266 | €66,950 | -€144,315 | -68.3% |
| Financial charges | 65/66B | €35,420 | €38,465 | +€3,045 | +8.6% |
| Recurring financial charges | 65 | €35,420 | €38,465 | +€3,045 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €213,192 | €59,303 | -€153,889 | -72.2% |
| Income taxes | 67/77 | €25,944 | €23,019 | -€2,925 | -11.3% |
| Profit (loss) for the period | 9904 | €187,249 | €36,284 | -€150,965 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €187,249 | €36,284 | -€150,965 | -80.6% |
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 26 October 2026 via checked.be.