SILAR: 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.
SILAR
Largest movements
- Deferred charges and accrued income -€72,490
no longer reported in 2024 (was €72,490)
- Receivables within one year -€42,642
down €42,642 (-22.8%), from €186,859 to €144,217
of which Trade receivables: -€23,495
- Cash +€42,230
up €42,230 (+99.5%), from €42,442 to €84,672
mainly Deferred charges and accrued income (+€72,490) and Receivables within one year (+€42,642)
- Tangible fixed assets -€35,397
down €35,397 (-38.9%), from €91,110 to €55,713
of which Furniture and vehicles: -€39,068
- Trade debts -€83,651
down €83,651 (-93.8%), from €89,207 to €5,556
- Debts after one year -€17,086
down €17,086 (-24.3%), from €70,236 to €53,151
of which Financial debts: -€17,086
- Tax, wage and social debts -€11,512
down €11,512 (-5.0%), from €231,154 to €219,642
of which Remuneration and social security: -€68,344
- Current portion of long-term debt -€11,281
down €11,281 (-40.1%), from €28,123 to €16,842
- Other debts +€9,327
new in 2024: €9,327
- Staff costs +€169,108
up €169,108 (+29.4%), from €576,035 to €745,143
- Turnover +€148,954
up €148,954 (+14.5%), from €1.0m to €1.2m
- Gross operating margin +€135,087
up €135,087 (+20.1%), from €670,738 to €805,825
- Purchases and services +€13,867
up €13,867 (+3.9%), from €356,404 to €370,272
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,326 | €349,027 | -€108,299 | -23.7% |
| Fixed assets | 21/28 | €155,535 | €120,138 | -€35,397 | -22.8% |
| Tangible fixed assets | 22/27 | €91,110 | €55,713 | -€35,397 | -38.9% |
| Plant, machinery and equipment | 23 | - | €3,671 | +€3,671 | |
| Furniture and vehicles | 24 | €91,110 | €52,042 | -€39,068 | -42.9% |
| Financial fixed assets | 28 | €64,425 | €64,425 | = | 0.0% |
| Current assets | 29/58 | €301,791 | €228,889 | -€72,902 | -24.2% |
| Amounts receivable within one year | 40/41 | €186,859 | €144,217 | -€42,642 | -22.8% |
| Trade receivables | 40 | €159,360 | €135,865 | -€23,495 | -14.7% |
| Other amounts receivable | 41 | €27,499 | €8,352 | -€19,148 | -69.6% |
| Cash at bank and in hand | 54/58 | €42,442 | €84,672 | +€42,230 | +99.5% |
| Deferred charges and accrued income | 490/1 | €72,490 | - | -€72,490 | |
| Total equity and liabilities | 10/49 | €457,326 | €349,027 | -€108,299 | -23.7% |
| Equity | 10/15 | €38,606 | €44,509 | +€5,902 | +15.3% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Contributions outside capital | 11 | €15,600 | €15,600 | = | 0.0% |
| Share premium | 1100/10 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,146 | €27,049 | +€5,902 | +27.9% |
| Amounts payable | 17/49 | €418,720 | €304,518 | -€114,202 | -27.3% |
| Amounts payable after more than one year | 17 | €70,236 | €53,151 | -€17,086 | -24.3% |
| Financial debts | 170/4 | €26,236 | €9,151 | -€17,086 | -65.1% |
| Other amounts payable | 178/9 | €44,000 | €44,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €348,484 | €251,368 | -€97,116 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €28,123 | €16,842 | -€11,281 | -40.1% |
| Trade debts | 44 | €89,207 | €5,556 | -€83,651 | -93.8% |
| Suppliers | 440/4 | €89,207 | €5,556 | -€83,651 | -93.8% |
| Taxes, remuneration and social security | 45 | €231,154 | €219,642 | -€11,512 | -5.0% |
| Taxes | 450/3 | €131,470 | €188,303 | +€56,833 | +43.2% |
| Remuneration and social security | 454/9 | €99,684 | €31,340 | -€68,344 | -68.6% |
| Other amounts payable | 47/48 | - | €9,327 | +€9,327 | |
| Turnover | 70 | €1,027,143 | €1,176,097 | +€148,954 | +14.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €356,404 | €370,272 | +€13,867 | +3.9% |
| Remuneration, social security and pensions | 62 | €576,035 | €745,143 | +€169,108 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,747 | €39,402 | -€9,345 | -19.2% |
| Other operating charges | 640/8 | €15,198 | €6,466 | -€8,732 | -57.5% |
| Gross operating margin | 9900 | €670,738 | €805,825 | +€135,087 | +20.1% |
| Operating profit (loss) | 9901 | €30,758 | €14,814 | -€15,944 | -51.8% |
| Financial income | 75/76B | €127 | €503 | +€376 | +296.3% |
| Recurring financial income | 75 | €127 | €503 | +€376 | +296.3% |
| Financial charges | 65/66B | €10,600 | €7,856 | -€2,744 | -25.9% |
| Recurring financial charges | 65 | €4,891 | €3,033 | -€1,858 | -38.0% |
| Non-recurring financial charges | 66B | €5,709 | €4,822 | -€886 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €20,285 | €7,462 | -€12,823 | -63.2% |
| Income taxes | 67/77 | €11,643 | €1,559 | -€10,084 | -86.6% |
| Profit (loss) for the period | 9904 | €8,642 | €5,902 | -€2,740 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,642 | €5,902 | -€2,740 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.