SILEC: 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.
SILEC
Largest movements
- Current investments -€214,858
down €214,858 (-91.7%), from €234,336 to €19,479
- Cash +€116,719
up €116,719 (+1,370%), from €8,517 to €125,236
mainly Current investments (+€214,858) and Receivables within one year (+€5,429)
- Receivables within one year -€5,429
down €5,429 (-48.7%), from €11,152 to €5,723
- Other debts -€99,256
down €99,256 (-98.7%), from €100,590 to €1,333
- Profit (loss) carried forward -€5,140
down €5,140 (-4.6%), from €112,699 to €107,558
- Gross operating margin -€30,574
down €30,574, from €26,164 to -€4,411
- Depreciation -€9,267
down €9,267 (-90.6%), from €10,229 to €962
- Taxes -€7,615
down €7,615 (-95.3%), from €7,992 to €376
- Financial income -€5,750
down €5,750 (-61.1%), from €9,416 to €3,666
- Staff costs +€1,843
new in 2025: €1,843
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 | €257,525 | €153,062 | -€104,462 | -40.6% |
| Fixed assets | 21/28 | €2,250 | €1,288 | -€962 | -42.7% |
| Tangible fixed assets | 22/27 | €2,250 | €1,288 | -€962 | -42.7% |
| Other tangible fixed assets | 26 | €2,250 | €1,288 | -€962 | -42.7% |
| Current assets | 29/58 | €255,275 | €151,774 | -€103,501 | -40.5% |
| Amounts receivable within one year | 40/41 | €11,152 | €5,723 | -€5,429 | -48.7% |
| Other amounts receivable | 41 | €11,152 | €5,723 | -€5,429 | -48.7% |
| Current investments | 50/53 | €234,336 | €19,479 | -€214,858 | -91.7% |
| Cash at bank and in hand | 54/58 | €8,517 | €125,236 | +€116,719 | +1,370% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,337 | +€67 | +5.3% |
| Total equity and liabilities | 10/49 | €257,525 | €153,062 | -€104,462 | -40.6% |
| Equity | 10/15 | €154,499 | €149,358 | -€5,140 | -3.3% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €3,800 | €3,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,699 | €107,558 | -€5,140 | -4.6% |
| Amounts payable | 17/49 | €103,026 | €3,704 | -€99,322 | -96.4% |
| Amounts payable within one year | 42/48 | €103,026 | €3,683 | -€99,343 | -96.4% |
| Trade debts | 44 | €2,227 | €2,187 | -€40 | -1.8% |
| Suppliers | 440/4 | €2,227 | €2,187 | -€40 | -1.8% |
| Taxes, remuneration and social security | 45 | €209 | €162 | -€47 | -22.4% |
| Taxes | 450/3 | €209 | €162 | -€47 | -22.4% |
| Other amounts payable | 47/48 | €100,590 | €1,333 | -€99,256 | -98.7% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | - | €1,843 | +€1,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,229 | €962 | -€9,267 | -90.6% |
| Other operating charges | 640/8 | €1,427 | €939 | -€488 | -34.2% |
| Gross operating margin | 9900 | €26,164 | -€4,411 | -€30,574 | |
| Operating profit (loss) | 9901 | €14,508 | -€8,154 | -€22,662 | |
| Financial income | 75/76B | €9,416 | €3,666 | -€5,750 | -61.1% |
| Recurring financial income | 75 | €9,416 | €3,666 | -€5,750 | -61.1% |
| Financial charges | 65/66B | €133 | €276 | +€143 | +108% |
| Recurring financial charges | 65 | €133 | €276 | +€143 | +108% |
| Profit (loss) for the period before taxes | 9903 | €23,791 | -€4,764 | -€28,555 | |
| Income taxes | 67/77 | €7,992 | €376 | -€7,615 | -95.3% |
| Profit (loss) for the period | 9904 | €15,799 | -€5,140 | -€20,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,799 | -€5,140 | -€20,939 |
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 14 October 2026 via checked.be.