SILENRO: what changed
SILENRO
Largest movements
- Tangible fixed assets +€96,617
up €96,617 (+11.2%), from €860,993 to €957,610
of which Land and buildings: +€93,502
- Receivables within one year -€82,272
down €82,272 (-54.5%), from €150,871 to €68,599
of which Trade receivables: -€79,979
- Receivables after one year +€50,000
new in 2025: €50,000
- Cash -€13,234
down €13,234 (-17.2%), from €76,798 to €63,564
mainly Investment in fixed assets (net) (-€138,243) and Contributions, distributions and other (-€119,101)
- Other debts +€85,048
up €85,048 (+782%), from €10,873 to €95,921
- Reserves -€60,655
down €60,655 (-12.0%), from €507,418 to €446,764
- Debts after one year +€41,661
up €41,661 (+8.5%), from €487,753 to €529,414
- Trade debts -€27,641
down €27,641 (-88.3%), from €31,287 to €3,646
- Current portion of long-term debt +€15,112
up €15,112 (+32.8%), from €46,063 to €61,175
- Gross operating margin -€47,429
down €47,429 (-16.2%), from €292,770 to €245,341
- Taxes -€12,962
down €12,962 (-23.7%), from €54,785 to €41,824
- Staff costs +€8,064
up €8,064 (+10.4%), from €77,707 to €85,771
- Depreciation +€4,770
up €4,770 (+12.7%), from €37,456 to €42,225
- Other operating charges -€4,460
down €4,460 (-62.1%), from €7,186 to €2,726
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,116,905 | €1,165,509 | +€48,604 | +4.4% |
| Fixed assets | 21/28 | €863,637 | €959,655 | +€96,017 | +11.1% |
| Intangible fixed assets | 21 | €2,534 | €1,934 | -€600 | -23.7% |
| Tangible fixed assets | 22/27 | €860,993 | €957,610 | +€96,617 | +11.2% |
| Land and buildings | 22 | €836,611 | €930,112 | +€93,502 | +11.2% |
| Plant, machinery and equipment | 23 | - | €4,571 | +€4,571 | |
| Furniture and vehicles | 24 | €5,214 | €3,759 | -€1,455 | -27.9% |
| Other tangible fixed assets | 26 | €19,168 | €19,168 | = | 0.0% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €253,268 | €205,855 | -€47,413 | -18.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Trade receivables | 290 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €13,240 | €15,067 | +€1,827 | +13.8% |
| Stocks | 30/36 | €13,240 | €15,067 | +€1,827 | +13.8% |
| Amounts receivable within one year | 40/41 | €150,871 | €68,599 | -€82,272 | -54.5% |
| Trade receivables | 40 | €124,651 | €44,673 | -€79,979 | -64.2% |
| Other amounts receivable | 41 | €26,220 | €23,926 | -€2,294 | -8.7% |
| Cash at bank and in hand | 54/58 | €76,798 | €63,564 | -€13,234 | -17.2% |
| Deferred charges and accrued income | 490/1 | €12,358 | €8,625 | -€3,733 | -30.2% |
| Total equity and liabilities | 10/49 | €1,116,905 | €1,165,509 | +€48,604 | +4.4% |
| Equity | 10/15 | €512,418 | €451,764 | -€60,655 | -11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €507,418 | €446,764 | -€60,655 | -12.0% |
| Distributable reserves | 133 | €507,418 | €446,764 | -€60,655 | -12.0% |
| Amounts payable | 17/49 | €604,487 | €713,746 | +€109,259 | +18.1% |
| Amounts payable after more than one year | 17 | €487,753 | €529,414 | +€41,661 | +8.5% |
| Financial debts | 170/4 | €487,753 | €529,414 | +€41,661 | +8.5% |
| Amounts payable within one year | 42/48 | €116,734 | €184,332 | +€67,598 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | €46,063 | €61,175 | +€15,112 | +32.8% |
| Trade debts | 44 | €31,287 | €3,646 | -€27,641 | -88.3% |
| Suppliers | 440/4 | €31,287 | €3,646 | -€27,641 | -88.3% |
| Taxes, remuneration and social security | 45 | €28,510 | €23,589 | -€4,921 | -17.3% |
| Taxes | 450/3 | €16,062 | €10,287 | -€5,775 | -36.0% |
| Remuneration and social security | 454/9 | €12,448 | €13,302 | +€853 | +6.9% |
| Other amounts payable | 47/48 | €10,873 | €95,921 | +€85,048 | +782% |
| Remuneration, social security and pensions | 62 | €77,707 | €85,771 | +€8,064 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,456 | €42,225 | +€4,770 | +12.7% |
| Other operating charges | 640/8 | €7,186 | €2,726 | -€4,460 | -62.1% |
| Non-recurring operating charges | 66A | - | €21 | +€21 | |
| Gross operating margin | 9900 | €292,770 | €245,341 | -€47,429 | -16.2% |
| Operating profit (loss) | 9901 | €170,421 | €114,598 | -€55,823 | -32.8% |
| Financial income | 75/76B | €631 | €1,957 | +€1,326 | +210% |
| Recurring financial income | 75 | €631 | €1,957 | +€1,326 | +210% |
| Financial charges | 65/66B | €17,556 | €16,285 | -€1,272 | -7.2% |
| Recurring financial charges | 65 | €17,556 | €16,285 | -€1,272 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €153,495 | €100,270 | -€53,225 | -34.7% |
| Income taxes | 67/77 | €54,785 | €41,824 | -€12,962 | -23.7% |
| Profit (loss) for the period | 9904 | €98,710 | €58,446 | -€40,264 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,710 | €58,446 | -€40,264 | -40.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.