SILEO: 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.
SILEO
Largest movements
- Cash +€51,819
up €51,819 (+565%), from €9,173 to €60,992
mainly Net result for the year (+€90,911) and Other debts (+€53,214)
- Tangible fixed assets -€15,211
down €15,211 (-31.1%), from €48,951 to €33,740
of which Furniture and vehicles: -€13,615
- Current investments +€7,500
new in 2025: €7,500
- Receivables within one year +€5,870
up €5,870 (+15.7%), from €37,375 to €43,245
of which Trade receivables: +€17,681
- Other debts +€53,214
up €53,214 (+115%), from €46,439 to €99,652
- Debts after one year -€10,890
down €10,890 (-92.3%), from €11,804 to €914
- Tax, wage and social debts +€6,581
up €6,581 (+39.7%), from €16,577 to €23,158
- Short-term financial debts +€2,545
up €2,545 (+20.9%), from €12,157 to €14,702
- Gross operating margin +€57,083
up €57,083 (+74.2%), from €76,965 to €134,048
- Taxes +€12,747
up €12,747 (+96.9%), from €13,160 to €25,907
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 | €103,761 | €154,314 | +€50,553 | +48.7% |
| Fixed assets | 21/28 | €51,651 | €36,440 | -€15,211 | -29.4% |
| Tangible fixed assets | 22/27 | €48,951 | €33,740 | -€15,211 | -31.1% |
| Plant, machinery and equipment | 23 | €1,247 | €749 | -€497 | -39.9% |
| Furniture and vehicles | 24 | €39,432 | €25,817 | -€13,615 | -34.5% |
| Other tangible fixed assets | 26 | €8,272 | €7,173 | -€1,099 | -13.3% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €52,110 | €117,874 | +€65,764 | +126% |
| Amounts receivable within one year | 40/41 | €37,375 | €43,245 | +€5,870 | +15.7% |
| Trade receivables | 40 | €25,565 | €43,245 | +€17,681 | +69.2% |
| Other amounts receivable | 41 | €11,810 | - | -€11,810 | |
| Current investments | 50/53 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €9,173 | €60,992 | +€51,819 | +565% |
| Deferred charges and accrued income | 490/1 | €5,562 | €6,137 | +€575 | +10.3% |
| Total equity and liabilities | 10/49 | €103,761 | €154,314 | +€50,553 | +48.7% |
| Equity | 10/15 | €15,521 | €15,521 | = | 0.0% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121 | €121 | = | 0.0% |
| Amounts payable | 17/49 | €88,240 | €138,793 | +€50,553 | +57.3% |
| Amounts payable after more than one year | 17 | €11,804 | €914 | -€10,890 | -92.3% |
| Financial debts | 170/4 | €11,804 | €914 | -€10,890 | -92.3% |
| Amounts payable within one year | 42/48 | €76,434 | €137,766 | +€61,332 | +80.2% |
| Financial debts | 43 | €12,157 | €14,702 | +€2,545 | +20.9% |
| Credit institutions | 430/8 | €12,157 | €14,702 | +€2,545 | +20.9% |
| Trade debts | 44 | €1,262 | €255 | -€1,007 | -79.8% |
| Suppliers | 440/4 | €1,262 | €255 | -€1,007 | -79.8% |
| Taxes, remuneration and social security | 45 | €16,577 | €23,158 | +€6,581 | +39.7% |
| Taxes | 450/3 | €16,577 | €23,158 | +€6,581 | +39.7% |
| Other amounts payable | 47/48 | €46,439 | €99,652 | +€53,214 | +115% |
| Accrued charges and deferred income | 492/3 | €2 | €112 | +€110 | +5,832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,323 | €15,211 | -€112 | -0.7% |
| Other operating charges | 640/8 | €432 | €398 | -€34 | -8.0% |
| Gross operating margin | 9900 | €76,965 | €134,048 | +€57,083 | +74.2% |
| Operating profit (loss) | 9901 | €61,209 | €118,439 | +€57,230 | +93.5% |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €1,676 | €1,621 | -€55 | -3.3% |
| Recurring financial charges | 65 | €1,676 | €1,621 | -€55 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €59,599 | €116,818 | +€57,219 | +96.0% |
| Income taxes | 67/77 | €13,160 | €25,907 | +€12,747 | +96.9% |
| Profit (loss) for the period | 9904 | €46,439 | €90,911 | +€44,472 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,439 | €90,911 | +€44,472 | +95.8% |
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 13 October 2026 via checked.be.