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.
SILEX
Largest movements
- Receivables within one year +€60,429
up €60,429 (+83.0%), from €72,849 to €133,278
of which Trade receivables: +€71,175
- Current investments +€42,960
new in 2025: €42,960
- Stocks and contracts +€39,294
up €39,294 (+187.9%), from €20,913 to €60,207
- Intangible fixed assets -€38,000
down €38,000 (-32.6%), from €116,395 to €78,394
- Cash -€25,792
down €25,792 (-55.0%), from €46,866 to €21,073
mainly Receivables within one year (-€60,429) and Current investments (-€42,960)
- Reserves +€95,192
up €95,192 (+60.0%), from €158,782 to €253,974
- Tax, wage and social debts -€14,083
down €14,083 (-22.8%), from €61,738 to €47,655
of which Taxes: -€11,584
- Debts after one year -€12,038
down €12,038 (-25.8%), from €46,590 to €34,552
- Trade debts -€9,325
down €9,325 (-10.5%), from €88,742 to €79,418
- Other debts +€4,914
up €4,914 (+3768.4%), from €130 to €5,045
- Staff costs -€30,707
down €30,707 (-18.7%), from €164,063 to €133,356
- Gross operating margin -€22,427
down €22,427 (-6.6%), from €338,942 to €316,515
- Depreciation +€6,688
up €6,688 (+12.9%), from €51,757 to €58,445
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,161 | €438,231 | +€65,070 | +17.4% |
| Fixed assets | 21/28 | €231,365 | €179,792 | -€51,573 | -22.3% |
| Intangible fixed assets | 21 | €116,395 | €78,394 | -€38,000 | -32.6% |
| Tangible fixed assets | 22/27 | €114,970 | €101,398 | -€13,573 | -11.8% |
| Plant, machinery and equipment | 23 | €25,814 | €22,421 | -€3,393 | -13.1% |
| Furniture and vehicles | 24 | €60,433 | €44,164 | -€16,270 | -26.9% |
| Other tangible fixed assets | 26 | €28,723 | €34,813 | +€6,090 | +21.2% |
| Current assets | 29/58 | €141,796 | €258,439 | +€116,642 | +82.3% |
| Stocks and contracts in progress | 3 | €20,913 | €60,207 | +€39,294 | +187.9% |
| Stocks | 30/36 | €20,913 | €60,207 | +€39,294 | +187.9% |
| Amounts receivable within one year | 40/41 | €72,849 | €133,278 | +€60,429 | +83.0% |
| Trade receivables | 40 | €57,063 | €128,238 | +€71,175 | +124.7% |
| Other amounts receivable | 41 | €15,786 | €5,040 | -€10,746 | -68.1% |
| Current investments | 50/53 | - | €42,960 | +€42,960 | |
| Cash at bank and in hand | 54/58 | €46,866 | €21,073 | -€25,792 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,169 | €921 | -€248 | -21.2% |
| Total equity and liabilities | 10/49 | €373,161 | €438,231 | +€65,070 | +17.4% |
| Equity | 10/15 | €163,782 | €258,974 | +€95,192 | +58.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,782 | €253,974 | +€95,192 | +60.0% |
| Distributable reserves | 133 | €158,782 | €253,974 | +€95,192 | +60.0% |
| Amounts payable | 17/49 | €209,380 | €179,257 | -€30,123 | -14.4% |
| Amounts payable after more than one year | 17 | €46,590 | €34,552 | -€12,038 | -25.8% |
| Financial debts | 170/4 | €46,590 | €34,552 | -€12,038 | -25.8% |
| Amounts payable within one year | 42/48 | €162,240 | €144,156 | -€18,085 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €11,630 | €12,038 | +€408 | +3.5% |
| Trade debts | 44 | €88,742 | €79,418 | -€9,325 | -10.5% |
| Suppliers | 440/4 | €88,742 | €79,418 | -€9,325 | -10.5% |
| Taxes, remuneration and social security | 45 | €61,738 | €47,655 | -€14,083 | -22.8% |
| Taxes | 450/3 | €41,415 | €29,832 | -€11,584 | -28.0% |
| Remuneration and social security | 454/9 | €20,323 | €17,823 | -€2,499 | -12.3% |
| Other amounts payable | 47/48 | €130 | €5,045 | +€4,914 | +3768.4% |
| Accrued charges and deferred income | 492/3 | €549 | €549 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,874 | +€5,874 | |
| Remuneration, social security and pensions | 62 | €164,063 | €133,356 | -€30,707 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,757 | €58,445 | +€6,688 | +12.9% |
| Other operating charges | 640/8 | €4,375 | €2,259 | -€2,117 | -48.4% |
| Gross operating margin | 9900 | €338,942 | €316,515 | -€22,427 | -6.6% |
| Operating profit (loss) | 9901 | €118,746 | €122,455 | +€3,709 | +3.1% |
| Financial income | 75/76B | €0 | €2,088 | +€2,088 | |
| Recurring financial income | 75 | €0 | €2,088 | +€2,088 | |
| Financial charges | 65/66B | €1,935 | €2,689 | +€754 | +38.9% |
| Recurring financial charges | 65 | €1,935 | €2,689 | +€754 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €116,811 | €121,854 | +€5,043 | +4.3% |
| Income taxes | 67/77 | €24,204 | €26,662 | +€2,458 | +10.2% |
| Profit (loss) for the period | 9904 | €92,607 | €95,192 | +€2,585 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,607 | €95,192 | +€2,585 | +2.8% |
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 8 October 2026 via checked.be.