SILIGA: 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.
SILIGA
Largest movements
- Receivables within one year +€69,221
up €69,221 (+233.9%), from €29,595 to €98,816
- Cash +€35,516
up €35,516 (+39.6%), from €89,776 to €125,292
mainly Net result for the year (+€78,180) and Tax, wage and social debts (+€58,839)
- Tangible fixed assets -€29,851
down €29,851 (-4.1%), from €735,443 to €705,592
of which Land and buildings: -€31,585
- Current investments +€20,000
new in 2025: €20,000
- Reserves +€78,180
up €78,180 (+32.4%), from €240,960 to €319,140
- Tax, wage and social debts +€58,839
new in 2025: €58,839
- Other debts -€38,762
no longer reported in 2025 (was €38,762)
- Gross operating margin +€79,460
up €79,460 (+60.8%), from €130,618 to €210,079
- Taxes +€24,164
up €24,164 (+139.4%), from €17,338 to €41,502
- Other operating charges +€4,753
up €4,753 (+16.0%), from €29,735 to €34,488
- Financial income +€3,479
up €3,479 (+572.3%), from €608 to €4,087
- Depreciation +€2,314
up €2,314 (+4.3%), from €54,249 to €56,563
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 | €856,114 | €957,286 | +€101,172 | +11.8% |
| Fixed assets | 21/28 | €736,743 | €706,892 | -€29,851 | -4.1% |
| Tangible fixed assets | 22/27 | €735,443 | €705,592 | -€29,851 | -4.1% |
| Land and buildings | 22 | €660,735 | €629,150 | -€31,585 | -4.8% |
| Other tangible fixed assets | 26 | €74,708 | €76,442 | +€1,734 | +2.3% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €119,371 | €250,394 | +€131,023 | +109.8% |
| Amounts receivable within one year | 40/41 | €29,595 | €98,816 | +€69,221 | +233.9% |
| Other amounts receivable | 41 | €29,595 | €98,816 | +€69,221 | +233.9% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €89,776 | €125,292 | +€35,516 | +39.6% |
| Deferred charges and accrued income | 490/1 | - | €6,286 | +€6,286 | |
| Total equity and liabilities | 10/49 | €856,114 | €957,286 | +€101,172 | +11.8% |
| Equity | 10/15 | €713,288 | €791,468 | +€78,180 | +11.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €240,960 | €319,140 | +€78,180 | +32.4% |
| Distributable reserves | 133 | €240,960 | €319,140 | +€78,180 | +32.4% |
| Profit (loss) carried forward | 14 | €272,328 | €272,328 | = | 0.0% |
| Amounts payable | 17/49 | €142,827 | €165,818 | +€22,992 | +16.1% |
| Amounts payable after more than one year | 17 | €82,134 | €81,655 | -€479 | -0.6% |
| Financial debts | 170/4 | €82,134 | €81,655 | -€479 | -0.6% |
| Amounts payable within one year | 42/48 | €60,692 | €84,163 | +€23,471 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €21,313 | €24,270 | +€2,958 | +13.9% |
| Trade debts | 44 | €618 | €1,054 | +€436 | +70.6% |
| Suppliers | 440/4 | €618 | €1,054 | +€436 | +70.6% |
| Taxes, remuneration and social security | 45 | - | €58,839 | +€58,839 | |
| Taxes | 450/3 | - | €58,839 | +€58,839 | |
| Other amounts payable | 47/48 | €38,762 | - | -€38,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,249 | €56,563 | +€2,314 | +4.3% |
| Other operating charges | 640/8 | €29,735 | €34,488 | +€4,753 | +16.0% |
| Non-recurring operating charges | 66A | €924 | - | -€924 | |
| Gross operating margin | 9900 | €130,618 | €210,079 | +€79,460 | +60.8% |
| Operating profit (loss) | 9901 | €45,710 | €119,028 | +€73,317 | +160.4% |
| Financial income | 75/76B | €608 | €4,087 | +€3,479 | +572.3% |
| Recurring financial income | 75 | €608 | €4,087 | +€3,479 | +572.3% |
| Financial charges | 65/66B | €2,245 | €3,433 | +€1,187 | +52.9% |
| Recurring financial charges | 65 | €2,245 | €3,433 | +€1,187 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €44,073 | €119,682 | +€75,609 | +171.6% |
| Income taxes | 67/77 | €17,338 | €41,502 | +€24,164 | +139.4% |
| Profit (loss) for the period | 9904 | €26,735 | €78,180 | +€51,445 | +192.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,735 | €78,180 | +€51,445 | +192.4% |
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 3 October 2026 via checked.be.