SILEX: 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.
SILEX
Largest movements
- Receivables within one year -€18.8m
down €18.8m (-19.6%), from €95.8m to €77.0m
of which Other amounts receivable: -€18.4m
- Financial fixed assets +€8.8m
up €8.8m (+38.4%), from €22.9m to €31.7m
- Cash -€1.6m
down €1.6m (-99.7%), from €1.6m to €4,540
mainly Investment in fixed assets (net) (-€8.8m) and Other debts (-€6.8m)
- Other debts -€6.8m
down €6.8m (-6.1%), from €111.8m to €105.0m
- Trade debts -€4.8m
down €4.8m (-90.1%), from €5.3m to €525,807
- Accrued charges and deferred income +€1.6m
up €1.6m (+530197.1%), from €305 to €1.6m
- Financial charges +€883,180
up €883,180 (+15.4%), from €5.7m to €6.6m
- Other operating charges -€501,279
down €501,279 (-99.6%), from €503,136 to €1,856
- Write-downs -€300,000
no longer reported in 2024 (was €300,000)
- Financial income +€293,683
up €293,683 (+11.7%), from €2.5m to €2.8m
- Taxes +€157,856
up €157,856 (+107.1%), from €147,430 to €305,286
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,331,904 | €109,810,447 | -€10.5m | -8.7% |
| Fixed assets | 21/28 | €22,927,438 | €31,751,571 | +€8.8m | +38.5% |
| Intangible fixed assets | 21 | - | €17,277 | +€17,277 | |
| Tangible fixed assets | 22/27 | €2,362 | €1,359 | -€1,003 | -42.5% |
| Plant, machinery and equipment | 23 | €2,362 | €1,359 | -€1,003 | -42.5% |
| Financial fixed assets | 28 | €22,925,076 | €31,732,936 | +€8.8m | +38.4% |
| Current assets | 29/58 | €97,404,467 | €78,058,876 | -€19.3m | -19.9% |
| Amounts receivable after more than one year | 29 | - | €151,763 | +€151,763 | |
| Other amounts receivable | 291 | - | €151,763 | +€151,763 | |
| Amounts receivable within one year | 40/41 | €95,769,042 | €77,000,469 | -€18.8m | -19.6% |
| Trade receivables | 40 | €332,982 | €11,854 | -€321,129 | -96.4% |
| Other amounts receivable | 41 | €95,436,059 | €76,988,615 | -€18.4m | -19.3% |
| Current investments | 50/53 | - | €900,010 | +€900,010 | |
| Cash at bank and in hand | 54/58 | €1,634,074 | €4,540 | -€1.6m | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,350 | €2,094 | +€744 | +55.1% |
| Total equity and liabilities | 10/49 | €120,331,904 | €109,810,447 | -€10.5m | -8.7% |
| Equity | 10/15 | €391,363 | €296,442 | -€94,920 | -24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,763 | €277,842 | -€94,920 | -25.5% |
| Distributable reserves | 133 | €372,763 | €277,842 | -€94,920 | -25.5% |
| Amounts payable | 17/49 | €119,940,542 | €109,514,005 | -€10.4m | -8.7% |
| Amounts payable after more than one year | 17 | €2,138,021 | €1,821,500 | -€316,522 | -14.8% |
| Financial debts | 170/4 | €2,138,021 | €1,821,500 | -€316,522 | -14.8% |
| Amounts payable within one year | 42/48 | €117,802,216 | €106,076,637 | -€11.7m | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €311,621 | €316,522 | +€4,901 | +1.6% |
| Trade debts | 44 | €5,320,652 | €525,807 | -€4.8m | -90.1% |
| Suppliers | 440/4 | €5,320,652 | €525,807 | -€4.8m | -90.1% |
| Taxes, remuneration and social security | 45 | €378,541 | €248,330 | -€130,211 | -34.4% |
| Taxes | 450/3 | €364,668 | €236,021 | -€128,647 | -35.3% |
| Remuneration and social security | 454/9 | €13,873 | €12,309 | -€1,564 | -11.3% |
| Other amounts payable | 47/48 | €111,791,402 | €104,985,978 | -€6.8m | -6.1% |
| Accrued charges and deferred income | 492/3 | €305 | €1,615,868 | +€1.6m | +530197.1% |
| Remuneration, social security and pensions | 62 | €139,854 | €160,249 | +€20,395 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,146 | +€363 | +46.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €300,000 | - | -€300,000 | |
| Other operating charges | 640/8 | €503,136 | €1,856 | -€501,279 | -99.6% |
| Non-recurring operating charges | 66A | €34,999 | - | -€34,999 | |
| Gross operating margin | 9900 | €4,227,881 | €4,195,626 | -€32,255 | -0.8% |
| Operating profit (loss) | 9901 | €3,249,109 | €4,032,374 | +€783,265 | +24.1% |
| Financial income | 75/76B | €2,511,296 | €2,804,979 | +€293,683 | +11.7% |
| Recurring financial income | 75 | €2,511,296 | €2,804,979 | +€293,683 | +11.7% |
| Financial charges | 65/66B | €5,743,807 | €6,626,988 | +€883,180 | +15.4% |
| Recurring financial charges | 65 | €5,743,807 | €6,626,988 | +€883,180 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €16,598 | €210,366 | +€193,768 | +1167.4% |
| Income taxes | 67/77 | €147,430 | €305,286 | +€157,856 | +107.1% |
| Profit (loss) for the period | 9904 | -€130,833 | -€94,920 | +€35,912 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,833 | -€94,920 | +€35,912 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.