SILEX: 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.
What changed
SILEX
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €850,967+€496,394
Equity
€8.9m
2024 · €7.6m+€1.3m
Cash
€200,615
2024 · €263,339-€62,724
Balance sheet total
€9.2m
2024 · €9.9m-€731,499
Largest movements
Assets
- Receivables after one year -€2.1m
down €2.1m (-100.0%), from €2.1m to €0
- Current investments +€1.6m
up €1.6m (+29.0%), from €5.4m to €6.9m
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-100.0%), from €2.1m to €0
- Reserves +€1.3m
up €1.3m (+17.8%), from €7.6m to €8.9m
of which Distributable reserves: +€1.3m
Income statement
- Gross operating margin +€917,803
up €917,803 (+88.8%), from €1.0m to €2.0m
- Taxes +€258,484
up €258,484 (+69.3%), from €372,833 to €631,316
- Financial income -€157,771
down €157,771 (-56.6%), from €278,798 to €121,027
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.
Result 2024
€850,967
Gross operating margin
+€917,803
Depreciation
+€52
Other operating charges
-€4,944
Financial income
-€157,771
Financial charges
-€262
Taxes
-€258,484
Result 2025
€1.3m
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.
From operations
+€3.7m
Investment
-€1.6m
Financing
-€2.1m
Cash 2024
€263,339
From operations (derived)
+€3.7m
Net result for the year
+€1.3m
Depreciation
+€75,967
Receivables after one year
+€2.1m
Receivables within one year
+€68,218
Deferred charges and accrued income
+€13,220
Smaller working-capital items
-€4,107
Trade debts
+€24,591
Tax, wage and social debts
+€33,293
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€67,008
Current investments
-€1.6m
Financing
-€2.1m
Debts after one year
-€2.1m
Current portion of long-term debt
-€12,232
Cash 2025
€200,615
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,941,926 | €9,210,427 | -€731,499 | -7.4% |
| Fixed assets | 21/28 | €1,616,840 | €1,607,881 | -€8,959 | -0.6% |
| Tangible fixed assets | 22/27 | €1,615,130 | €1,550,801 | -€64,329 | -4.0% |
| Land and buildings | 22 | €1,597,371 | €1,531,334 | -€66,037 | -4.1% |
| Furniture and vehicles | 24 | €17,759 | €19,467 | +€1,708 | +9.6% |
| Financial fixed assets | 28 | €1,710 | €57,080 | +€55,370 | +3238.0% |
| Current assets | 29/58 | €8,325,086 | €7,602,546 | -€722,539 | -8.7% |
| Amounts receivable after more than one year | 29 | €2,133,708 | €0 | -€2.1m | -100.0% |
| Other amounts receivable | 291 | €2,133,708 | €0 | -€2.1m | -100.0% |
| Amounts receivable within one year | 40/41 | €550,712 | €482,494 | -€68,218 | -12.4% |
| Trade receivables | 40 | €390,944 | €143,732 | -€247,212 | -63.2% |
| Other amounts receivable | 41 | €159,768 | €338,762 | +€178,994 | +112.0% |
| Current investments | 50/53 | €5,359,167 | €6,914,499 | +€1.6m | +29.0% |
| Cash at bank and in hand | 54/58 | €263,339 | €200,615 | -€62,724 | -23.8% |
| Deferred charges and accrued income | 490/1 | €18,159 | €4,939 | -€13,220 | -72.8% |
| Total equity and liabilities | 10/49 | €9,941,926 | €9,210,427 | -€731,499 | -7.4% |
| Equity | 10/15 | €7,575,724 | €8,923,086 | +€1.3m | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,567,620 | €8,914,873 | +€1.3m | +17.8% |
| Tax-exempt reserves | 132 | €40,610 | €38,863 | -€1,747 | -4.3% |
| Distributable reserves | 133 | €7,527,010 | €8,876,010 | +€1.3m | +17.9% |
| Profit (loss) carried forward | 14 | €1,905 | €2,013 | +€108 | +5.7% |
| Provisions and deferred taxes | 16 | €20,911 | €20,012 | -€899 | -4.3% |
| Deferred taxes | 168 | €20,911 | €20,012 | -€899 | -4.3% |
| Amounts payable | 17/49 | €2,345,290 | €267,330 | -€2.1m | -88.6% |
| Amounts payable after more than one year | 17 | €2,120,405 | €0 | -€2.1m | -100.0% |
| Financial debts | 170/4 | €2,120,405 | €0 | -€2.1m | -100.0% |
| Amounts payable within one year | 42/48 | €217,805 | €263,457 | +€45,652 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €48,929 | €36,697 | -€12,232 | -25.0% |
| Trade debts | 44 | €13,208 | €37,799 | +€24,591 | +186.2% |
| Suppliers | 440/4 | €13,208 | €37,799 | +€24,591 | +186.2% |
| Taxes, remuneration and social security | 45 | €155,668 | €188,961 | +€33,293 | +21.4% |
| Taxes | 450/3 | €155,668 | €188,961 | +€33,293 | +21.4% |
| Accrued charges and deferred income | 492/3 | €7,081 | €3,873 | -€3,208 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,019 | €75,967 | -€52 | -0.1% |
| Other operating charges | 640/8 | €9,919 | €14,863 | +€4,944 | +49.8% |
| Gross operating margin | 9900 | €1,033,661 | €1,951,465 | +€917,803 | +88.8% |
| Operating profit (loss) | 9901 | €947,723 | €1,860,634 | +€912,911 | +96.3% |
| Financial income | 75/76B | €278,798 | €121,027 | -€157,771 | -56.6% |
| Recurring financial income | 75 | €278,798 | €121,027 | -€157,771 | -56.6% |
| Financial charges | 65/66B | €3,621 | €3,883 | +€262 | +7.2% |
| Recurring financial charges | 65 | €3,621 | €3,883 | +€262 | +7.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,222,900 | €1,977,779 | +€754,878 | +61.7% |
| Transfer from deferred taxes | 780 | €899 | €899 | = | 0.0% |
| Income taxes | 67/77 | €372,833 | €631,316 | +€258,484 | +69.3% |
| Profit (loss) for the period | 9904 | €850,967 | €1,347,362 | +€496,394 | +58.3% |
| Transfer from tax-exempt reserves | 789 | €1,747 | €1,747 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €852,714 | €1,349,108 | +€496,394 | +58.2% |
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 4 October 2026 via checked.be.