SILLAE PROJECTS: what changed
What changed
SILLAE PROJECTS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€10,555
2024 · -€9,986+€20,540
Equity
€416,741
2024 · €286,186+€130,555
Cash
€62,821
2024 · €24,521+€38,300
Balance sheet total
€1.4m
2024 · €1.6m-€167,396
Largest movements
Assets
- Stocks and contracts -€1.2m
no longer reported in 2025 (was €1.2m)
- Tangible fixed assets +€692,953
new in 2025: €692,953
of which Land and buildings: +€532,963
- Receivables within one year +€272,194
up €272,194 (+217%), from €125,342 to €397,536
of which Trade receivables: +€142,194
- Cash +€38,300
up €38,300 (+156%), from €24,521 to €62,821
mainly Stocks and contracts (+€1.2m) and Contributions, distributions and other (+€120,000)
Equity and liabilities
- Debts after one year -€290,029
down €290,029 (-37.9%), from €765,843 to €475,814
- Revaluation surpluses +€120,000
new in 2025: €120,000
- Other debts -€74,581
down €74,581 (-53.6%), from €139,145 to €64,565
- Trade debts +€51,753
up €51,753 (+16.4%), from €315,138 to €366,891
Income statement
- Other operating charges +€184,443
up €184,443 (+5,440%), from €3,391 to €187,834
- Financial income +€130,000
new in 2025: €130,000
- Gross operating margin +€120,959
up €120,959 (+591%), from €20,456 to €141,416
- Financial charges +€23,953
up €23,953 (+90.0%), from €26,622 to €50,575
- Depreciation +€22,452
new in 2025: €22,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,986
Gross operating margin
+€120,959
Depreciation
-€22,452
Other operating charges
-€184,443
Financial income
+€130,000
Financial charges
-€23,953
Taxes
+€429
Result 2025
€10,555
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€916,978
Investment
-€715,405
Financing
-€163,272
Cash 2024
€24,521
From operations (derived)
+€916,978
Net result for the year
+€10,555
Depreciation
+€22,452
Stocks and contracts
+€1.2m
Receivables within one year
-€272,194
Deferred charges and accrued income
+€1,125
Trade debts
+€51,753
Tax, wage and social debts
+€8,149
Other debts
-€74,581
Investment (derived)
-€715,405
Investment in fixed assets (net)
-€715,405
Financing
-€163,272
Debts after one year
-€290,029
Current portion of long-term debt
+€6,756
Contributions, distributions and other
+€120,000
Cash 2025
€62,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,570,887 | €1,403,491 | -€167,396 | -10.7% |
| Fixed assets | 21/28 | €250,000 | €942,953 | +€692,953 | +277% |
| Tangible fixed assets | 22/27 | - | €692,953 | +€692,953 | |
| Land and buildings | 22 | - | €532,963 | +€532,963 | |
| Furniture and vehicles | 24 | - | €9,188 | +€9,188 | |
| Other tangible fixed assets | 26 | - | €150,802 | +€150,802 | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,320,887 | €460,538 | -€860,349 | -65.1% |
| Stocks and contracts in progress | 3 | €1,169,718 | - | -€1.2m | |
| Stocks | 30/36 | €1,169,718 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €125,342 | €397,536 | +€272,194 | +217% |
| Trade receivables | 40 | €31,470 | €173,664 | +€142,194 | +452% |
| Other amounts receivable | 41 | €93,872 | €223,872 | +€130,000 | +138% |
| Cash at bank and in hand | 54/58 | €24,521 | €62,821 | +€38,300 | +156% |
| Deferred charges and accrued income | 490/1 | €1,306 | €181 | -€1,125 | -86.1% |
| Total equity and liabilities | 10/49 | €1,570,887 | €1,403,491 | -€167,396 | -10.7% |
| Equity | 10/15 | €286,186 | €416,741 | +€130,555 | +45.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €120,000 | +€120,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,886 | €290,441 | +€10,555 | +3.8% |
| Amounts payable | 17/49 | €1,284,701 | €986,751 | -€297,950 | -23.2% |
| Amounts payable after more than one year | 17 | €765,843 | €475,814 | -€290,029 | -37.9% |
| Financial debts | 170/4 | €765,843 | €475,814 | -€290,029 | -37.9% |
| Amounts payable within one year | 42/48 | €518,858 | €510,936 | -€7,922 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €48,649 | €55,405 | +€6,756 | +13.9% |
| Trade debts | 44 | €315,138 | €366,891 | +€51,753 | +16.4% |
| Suppliers | 440/4 | €315,138 | €366,891 | +€51,753 | +16.4% |
| Taxes, remuneration and social security | 45 | €15,927 | €24,076 | +€8,149 | +51.2% |
| Taxes | 450/3 | €12,927 | €24,076 | +€11,149 | +86.3% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €139,145 | €64,565 | -€74,581 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,452 | +€22,452 | |
| Other operating charges | 640/8 | €3,391 | €187,834 | +€184,443 | +5,440% |
| Gross operating margin | 9900 | €20,456 | €141,416 | +€120,959 | +591% |
| Operating profit (loss) | 9901 | €17,066 | -€68,871 | -€85,936 | |
| Financial income | 75/76B | - | €130,000 | +€130,000 | |
| Recurring financial income | 75 | - | €130,000 | +€130,000 | |
| Financial charges | 65/66B | €26,622 | €50,575 | +€23,953 | +90.0% |
| Recurring financial charges | 65 | €26,622 | €50,575 | +€23,953 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,556 | €10,555 | +€20,111 | |
| Income taxes | 67/77 | €429 | - | -€429 | |
| Profit (loss) for the period | 9904 | -€9,986 | €10,555 | +€20,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,986 | €10,555 | +€20,540 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.