SILA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€80,275
down €80,275 (-88.3%), from €90,889 to €10,614
mainly Debts after one year (-€64,254) and Tax, wage and social debts (-€33,818)
- Receivables after one year +€24,740
new in 2025: €24,740
- Stocks and contracts +€7,821
new in 2025: €7,821
- Debts after one year -€64,254
down €64,254 (-23.7%), from €270,963 to €206,709
of which Other amounts payable: -€58,836
- Short-term financial debts +€42,172
new in 2025: €42,172
- Tax, wage and social debts -€33,818
down €33,818 (-43.6%), from €77,581 to €43,763
of which Taxes: -€31,612
- Gross operating margin -€373,247
down €373,247 (-84.6%), from €441,026 to €67,779
- Taxes -€79,749
down €79,749 (-98.8%), from €80,725 to €976
- Financial charges -€20,661
down €20,661 (-77.0%), from €26,848 to €6,187
- Other operating charges -€12,595
down €12,595 (-91.4%), from €13,779 to €1,185
- Staff costs +€6,517
up €6,517 (+12.8%), from €50,893 to €57,410
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 | €713,679 | €660,641 | -€53,037 | -7.4% |
| Fixed assets | 21/28 | €619,325 | €615,620 | -€3,705 | -0.6% |
| Tangible fixed assets | 22/27 | €19,325 | €15,620 | -€3,705 | -19.2% |
| Furniture and vehicles | 24 | €19,325 | €15,620 | -€3,705 | -19.2% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €94,354 | €45,022 | -€49,332 | -52.3% |
| Amounts receivable after more than one year | 29 | - | €24,740 | +€24,740 | |
| Other amounts receivable | 291 | - | €24,740 | +€24,740 | |
| Stocks and contracts in progress | 3 | - | €7,821 | +€7,821 | |
| Stocks | 30/36 | - | €7,821 | +€7,821 | |
| Amounts receivable within one year | 40/41 | €2,505 | €1,640 | -€866 | -34.5% |
| Trade receivables | 40 | €264 | €1,640 | +€1,375 | +520% |
| Other amounts receivable | 41 | €2,241 | - | -€2,241 | |
| Cash at bank and in hand | 54/58 | €90,889 | €10,614 | -€80,275 | -88.3% |
| Deferred charges and accrued income | 490/1 | €960 | €207 | -€753 | -78.4% |
| Total equity and liabilities | 10/49 | €713,679 | €660,641 | -€53,037 | -7.4% |
| Equity | 10/15 | €326,274 | €324,730 | -€1,544 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €320,000 | €318,500 | -€1,500 | -0.5% |
| Distributable reserves | 133 | €320,000 | €318,500 | -€1,500 | -0.5% |
| Profit (loss) carried forward | 14 | €74 | €30 | -€44 | -59.4% |
| Amounts payable | 17/49 | €387,405 | €335,911 | -€51,494 | -13.3% |
| Amounts payable after more than one year | 17 | €270,963 | €206,709 | -€64,254 | -23.7% |
| Financial debts | 170/4 | €15,943 | €10,525 | -€5,418 | -34.0% |
| Other amounts payable | 178/9 | €255,021 | €196,184 | -€58,836 | -23.1% |
| Amounts payable within one year | 42/48 | €111,325 | €122,796 | +€11,470 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €5,201 | €5,418 | +€217 | +4.2% |
| Financial debts | 43 | - | €42,172 | +€42,172 | |
| Credit institutions | 430/8 | - | €42,172 | +€42,172 | |
| Trade debts | 44 | €2,261 | €5,161 | +€2,900 | +128% |
| Suppliers | 440/4 | €2,261 | €5,161 | +€2,900 | +128% |
| Taxes, remuneration and social security | 45 | €77,581 | €43,763 | -€33,818 | -43.6% |
| Taxes | 450/3 | €61,690 | €30,078 | -€31,612 | -51.2% |
| Remuneration and social security | 454/9 | €15,891 | €13,685 | -€2,206 | -13.9% |
| Other amounts payable | 47/48 | €26,282 | €26,282 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,116 | €6,406 | +€1,290 | +25.2% |
| Non-recurring operating income | 76A | €485,981 | - | -€485,981 | |
| Remuneration, social security and pensions | 62 | €50,893 | €57,410 | +€6,517 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €3,705 | +€2,948 | +389% |
| Other operating charges | 640/8 | €13,779 | €1,185 | -€12,595 | -91.4% |
| Non-recurring operating charges | 66A | €4,805 | - | -€4,805 | |
| Gross operating margin | 9900 | €441,026 | €67,779 | -€373,247 | -84.6% |
| Operating profit (loss) | 9901 | €370,791 | €5,479 | -€365,312 | -98.5% |
| Financial income | 75/76B | €229 | €140 | -€89 | -38.8% |
| Recurring financial income | 75 | €229 | €140 | -€89 | -38.8% |
| Financial charges | 65/66B | €26,848 | €6,187 | -€20,661 | -77.0% |
| Recurring financial charges | 65 | €26,848 | €6,187 | -€20,661 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €344,172 | -€568 | -€344,740 | |
| Income taxes | 67/77 | €80,725 | €976 | -€79,749 | -98.8% |
| Profit (loss) for the period | 9904 | €263,447 | -€1,544 | -€264,991 | |
| Profit (loss) for the period to be appropriated | 9905 | €263,447 | -€1,544 | -€264,991 |
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 23 October 2026 via checked.be.