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
- Cash +€87,778
up €87,778 (+624%), from €14,075 to €101,853
mainly Net result for the year (+€126,237) and Depreciation (+€55,397)
- Tangible fixed assets -€50,760
down €50,760 (-10.8%), from €471,954 to €421,194
of which Land and buildings: -€48,663
- Current investments +€45,773
up €45,773 (+43.7%), from €104,828 to €150,601
- Deferred charges and accrued income +€13,252
up €13,252 (+138%), from €9,635 to €22,887
- Reserves +€126,237
up €126,237 (+37.8%), from €333,682 to €459,920
of which Distributable reserves: +€126,237
- Other debts -€20,432
down €20,432 (-8.9%), from €229,718 to €209,286
- Current portion of long-term debt -€10,607
down €10,607 (-50.4%), from €21,036 to €10,429
- Debts after one year -€10,429
down €10,429 (-21.0%), from €49,707 to €39,278
- Trade debts +€10,289
up €10,289 (+3,630%), from €283 to €10,572
- Gross operating margin +€98,749
up €98,749 (+61.4%), from €160,906 to €259,656
- Taxes +€31,407
up €31,407 (+125%), from €25,151 to €56,557
- Depreciation -€3,248
down €3,248 (-5.5%), from €58,645 to €55,397
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 | €710,351 | €795,760 | +€85,409 | +12.0% |
| Fixed assets | 21/28 | €477,586 | €423,258 | -€54,328 | -11.4% |
| Intangible fixed assets | 21 | €5,632 | €2,064 | -€3,568 | -63.4% |
| Tangible fixed assets | 22/27 | €471,954 | €421,194 | -€50,760 | -10.8% |
| Land and buildings | 22 | €463,936 | €415,274 | -€48,663 | -10.5% |
| Plant, machinery and equipment | 23 | €824 | €549 | -€275 | -33.3% |
| Furniture and vehicles | 24 | €3,844 | €2,021 | -€1,823 | -47.4% |
| Other tangible fixed assets | 26 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €232,764 | €372,502 | +€139,737 | +60.0% |
| Amounts receivable within one year | 40/41 | €104,226 | €97,160 | -€7,066 | -6.8% |
| Trade receivables | 40 | €88,624 | €75,161 | -€13,464 | -15.2% |
| Other amounts receivable | 41 | €15,601 | €21,999 | +€6,398 | +41.0% |
| Current investments | 50/53 | €104,828 | €150,601 | +€45,773 | +43.7% |
| Cash at bank and in hand | 54/58 | €14,075 | €101,853 | +€87,778 | +624% |
| Deferred charges and accrued income | 490/1 | €9,635 | €22,887 | +€13,252 | +138% |
| Total equity and liabilities | 10/49 | €710,351 | €795,760 | +€85,409 | +12.0% |
| Equity | 10/15 | €352,282 | €478,520 | +€126,237 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,682 | €459,920 | +€126,237 | +37.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €331,822 | €458,060 | +€126,237 | +38.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €358,068 | €317,240 | -€40,828 | -11.4% |
| Amounts payable after more than one year | 17 | €49,707 | €39,278 | -€10,429 | -21.0% |
| Financial debts | 170/4 | €49,707 | €39,278 | -€10,429 | -21.0% |
| Amounts payable within one year | 42/48 | €288,996 | €260,178 | -€28,817 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €21,036 | €10,429 | -€10,607 | -50.4% |
| Trade debts | 44 | €283 | €10,572 | +€10,289 | +3,630% |
| Suppliers | 440/4 | €283 | €10,572 | +€10,289 | +3,630% |
| Taxes, remuneration and social security | 45 | €37,958 | €29,891 | -€8,067 | -21.3% |
| Taxes | 450/3 | €37,958 | €29,891 | -€8,067 | -21.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €229,718 | €209,286 | -€20,432 | -8.9% |
| Accrued charges and deferred income | 492/3 | €19,366 | €17,784 | -€1,582 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,645 | €55,397 | -€3,248 | -5.5% |
| Other operating charges | 640/8 | €2,832 | €2,804 | -€28 | -1.0% |
| Gross operating margin | 9900 | €160,906 | €259,656 | +€98,749 | +61.4% |
| Operating profit (loss) | 9901 | €99,429 | €201,455 | +€102,026 | +103% |
| Financial income | 75/76B | €352 | €1,158 | +€806 | +229% |
| Recurring financial income | 75 | €352 | €1,158 | +€806 | +229% |
| Financial charges | 65/66B | €18,167 | €19,818 | +€1,651 | +9.1% |
| Recurring financial charges | 65 | €18,167 | €19,818 | +€1,651 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €81,614 | €182,795 | +€101,181 | +124% |
| Income taxes | 67/77 | €25,151 | €56,557 | +€31,407 | +125% |
| Profit (loss) for the period | 9904 | €56,463 | €126,237 | +€69,774 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €56,463 | €126,237 | +€69,774 | +124% |
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 14 October 2026 via checked.be.