SILCO: 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.
SILCO
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+168.6%), from €941,485 to €2.5m
of which Trade receivables: +€1.1m
- Stocks and contracts -€663,114
down €663,114 (-9.9%), from €6.7m to €6.1m
- Cash +€571,736
up €571,736 (+171.3%), from €333,790 to €905,526
mainly Other debts (+€1.1m) and Net result for the year (+€913,716)
- Deferred charges and accrued income -€107,227
down €107,227 (-94.4%), from €113,597 to €6,370
- Other debts +€1.1m
up €1.1m (+70.7%), from €1.6m to €2.7m
- Short-term financial debts -€1.1m
down €1.1m (-31.8%), from €3.3m to €2.3m
- Profit (loss) carried forward +€913,716
up €913,716 (+57.8%), from €1.6m to €2.5m
- Trade debts +€573,585
up €573,585 (+77.4%), from €740,936 to €1.3m
- Accrued charges and deferred income -€209,548
down €209,548 (-60.1%), from €348,768 to €139,219
- Turnover +€12.0m
up €12.0m (+143.7%), from €8.4m to €20.4m
- Purchases and services +€11.7m
up €11.7m (+165.7%), from €7.1m to €18.7m
- Gross operating margin +€327,305
up €327,305 (+24.7%), from €1.3m to €1.7m
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 | €8,107,856 | €9,494,243 | +€1.4m | +17.1% |
| Fixed assets | 21/28 | €3,205 | €812 | -€2,393 | -74.7% |
| Tangible fixed assets | 22/27 | €3,205 | €812 | -€2,393 | -74.7% |
| Plant, machinery and equipment | 23 | €3,205 | €812 | -€2,393 | -74.7% |
| Current assets | 29/58 | €8,104,651 | €9,493,431 | +€1.4m | +17.1% |
| Stocks and contracts in progress | 3 | €6,715,779 | €6,052,665 | -€663,114 | -9.9% |
| Stocks | 30/36 | €6,715,779 | €6,052,665 | -€663,114 | -9.9% |
| Amounts receivable within one year | 40/41 | €941,485 | €2,528,870 | +€1.6m | +168.6% |
| Trade receivables | 40 | €935,789 | €2,073,595 | +€1.1m | +121.6% |
| Other amounts receivable | 41 | €5,696 | €455,275 | +€449,579 | +7892.9% |
| Cash at bank and in hand | 54/58 | €333,790 | €905,526 | +€571,736 | +171.3% |
| Deferred charges and accrued income | 490/1 | €113,597 | €6,370 | -€107,227 | -94.4% |
| Total equity and liabilities | 10/49 | €8,107,856 | €9,494,243 | +€1.4m | +17.1% |
| Equity | 10/15 | €1,772,324 | €2,686,040 | +€913,716 | +51.6% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €17,500 | €17,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,579,824 | €2,493,540 | +€913,716 | +57.8% |
| Amounts payable | 17/49 | €6,335,532 | €6,808,203 | +€472,670 | +7.5% |
| Amounts payable within one year | 42/48 | €5,986,765 | €6,668,984 | +€682,219 | +11.4% |
| Financial debts | 43 | €3,337,797 | €2,275,133 | -€1.1m | -31.8% |
| Other loans | 439 | €3,337,797 | €2,275,133 | -€1.1m | -31.8% |
| Trade debts | 44 | €740,936 | €1,314,521 | +€573,585 | +77.4% |
| Suppliers | 440/4 | €740,936 | €1,314,521 | +€573,585 | +77.4% |
| Taxes, remuneration and social security | 45 | €316,023 | €361,909 | +€45,886 | +14.5% |
| Taxes | 450/3 | €294,365 | €335,857 | +€41,492 | +14.1% |
| Remuneration and social security | 454/9 | €21,659 | €26,052 | +€4,394 | +20.3% |
| Other amounts payable | 47/48 | €1,592,009 | €2,717,420 | +€1.1m | +70.7% |
| Accrued charges and deferred income | 492/3 | €348,768 | €139,219 | -€209,548 | -60.1% |
| Turnover | 70 | €8,358,215 | €20,365,275 | +€12.0m | +143.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,056,571 | €18,749,131 | +€11.7m | +165.7% |
| Remuneration, social security and pensions | 62 | €139,586 | €154,400 | +€14,814 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,834 | €2,393 | -€441 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,375 | €5,268 | -€20,107 | -79.2% |
| Other operating charges | 640/8 | €1,480 | €20,309 | +€18,828 | +1271.8% |
| Gross operating margin | 9900 | €1,327,165 | €1,654,470 | +€327,305 | +24.7% |
| Operating profit (loss) | 9901 | €1,157,890 | €1,472,100 | +€314,211 | +27.1% |
| Financial income | 75/76B | €6,347 | €32,007 | +€25,661 | +404.3% |
| Recurring financial income | 75 | €6,347 | €32,007 | +€25,661 | +404.3% |
| Financial charges | 65/66B | €134,952 | €267,226 | +€132,274 | +98.0% |
| Recurring financial charges | 65 | €134,952 | €267,226 | +€132,274 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €1,029,285 | €1,236,882 | +€207,598 | +20.2% |
| Income taxes | 67/77 | €292,590 | €323,166 | +€30,576 | +10.5% |
| Profit (loss) for the period | 9904 | €736,694 | €913,716 | +€177,022 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €736,694 | €913,716 | +€177,022 | +24.0% |
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.