SilCo: 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.
SilCo
Largest movements
- Tangible fixed assets -€13,595
down €13,595 (-9.7%), from €140,771 to €127,176
of which Land and buildings: -€7,836
- Cash +€7,001
up €7,001 (+46.0%), from €15,214 to €22,215
mainly Depreciation (+€14,658) and Net result for the year (+€6,873)
- Debts after one year -€11,272
down €11,272 (-18.9%), from €59,737 to €48,466
- Reserves +€6,873
up €6,873 (+8.3%), from €82,966 to €89,839
of which Distributable reserves: +€6,873
- Trade debts -€2,577
down €2,577 (-75.2%), from €3,429 to €851
- Gross operating margin +€17,215
up €17,215 (+165%), from €10,459 to €27,674
- Depreciation -€5,135
down €5,135 (-25.9%), from €19,794 to €14,658
- Other operating charges +€2,697
up €2,697 (+343%), from €786 to €3,483
- Taxes +€710
up €710 (+186%), from €381 to €1,091
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 | €178,148 | €171,865 | -€6,283 | -3.5% |
| Fixed assets | 21/28 | €140,771 | €127,176 | -€13,595 | -9.7% |
| Tangible fixed assets | 22/27 | €140,771 | €127,176 | -€13,595 | -9.7% |
| Land and buildings | 22 | €131,857 | €124,021 | -€7,836 | -5.9% |
| Furniture and vehicles | 24 | €8,914 | €3,155 | -€5,759 | -64.6% |
| Current assets | 29/58 | €37,378 | €44,689 | +€7,312 | +19.6% |
| Amounts receivable within one year | 40/41 | €21,455 | €21,741 | +€286 | +1.3% |
| Trade receivables | 40 | €17,167 | €17,689 | +€522 | +3.0% |
| Other amounts receivable | 41 | €4,288 | €4,052 | -€236 | -5.5% |
| Cash at bank and in hand | 54/58 | €15,214 | €22,215 | +€7,001 | +46.0% |
| Deferred charges and accrued income | 490/1 | €708 | €733 | +€25 | +3.5% |
| Total equity and liabilities | 10/49 | €178,148 | €171,865 | -€6,283 | -3.5% |
| Equity | 10/15 | €101,566 | €108,439 | +€6,873 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,966 | €89,839 | +€6,873 | +8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,106 | €87,979 | +€6,873 | +8.5% |
| Amounts payable | 17/49 | €76,582 | €63,426 | -€13,156 | -17.2% |
| Amounts payable after more than one year | 17 | €59,737 | €48,466 | -€11,272 | -18.9% |
| Financial debts | 170/4 | €59,737 | €48,466 | -€11,272 | -18.9% |
| Amounts payable within one year | 42/48 | €16,845 | €14,961 | -€1,884 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €11,046 | €11,272 | +€226 | +2.0% |
| Trade debts | 44 | €3,429 | €851 | -€2,577 | -75.2% |
| Suppliers | 440/4 | €3,429 | €851 | -€2,577 | -75.2% |
| Taxes, remuneration and social security | 45 | €2,370 | €2,838 | +€467 | +19.7% |
| Taxes | 450/3 | €381 | €2,838 | +€2,457 | +644% |
| Remuneration and social security | 454/9 | €1,989 | - | -€1,989 | |
| Remuneration, social security and pensions | 62 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,794 | €14,658 | -€5,135 | -25.9% |
| Other operating charges | 640/8 | €786 | €3,483 | +€2,697 | +343% |
| Gross operating margin | 9900 | €10,459 | €27,674 | +€17,215 | +165% |
| Operating profit (loss) | 9901 | -€10,121 | €9,451 | +€19,572 | |
| Financial income | 75/76B | €209 | - | -€209 | |
| Recurring financial income | 75 | €209 | - | -€209 | |
| Financial charges | 65/66B | €1,701 | €1,488 | -€213 | -12.5% |
| Recurring financial charges | 65 | €1,701 | €1,488 | -€213 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,613 | €7,964 | +€19,577 | |
| Income taxes | 67/77 | €381 | €1,091 | +€710 | +186% |
| Profit (loss) for the period | 9904 | -€11,994 | €6,873 | +€18,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,994 | €6,873 | +€18,867 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.