Sillage: 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.
Sillage
Largest movements
- Tangible fixed assets +€80,975
up €80,975 (+78.4%), from €103,223 to €184,197
of which Plant, machinery and equipment: +€52,274
- Receivables within one year +€7,707
up €7,707 (+51.9%), from €14,856 to €22,563
of which Trade receivables: +€16,090
- Debts after one year +€67,110
up €67,110 (+75.6%), from €88,752 to €155,862
- Reserves +€16,583
up €16,583 (+80.8%), from €20,518 to €37,100
- Current portion of long-term debt +€13,417
new in 2025: €13,417
- Trade debts -€7,600
down €7,600 (-77.0%), from €9,868 to €2,268
- Tax, wage and social debts -€2,235
down €2,235 (-24.9%), from €8,964 to €6,729
of which Taxes: -€3,711
- Depreciation +€13,215
up €13,215 (+399.8%), from €3,306 to €16,521
- Gross operating margin +€7,261
up €7,261 (+21.8%), from €33,277 to €40,538
- Taxes -€6,911
down €6,911 (-80.0%), from €8,634 to €1,723
- Financial charges +€4,234
up €4,234 (+996.0%), from €425 to €4,659
- Other operating charges +€658
up €658 (+167.0%), from €394 to €1,053
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 | €131,547 | €221,756 | +€90,210 | +68.6% |
| Fixed assets | 21/28 | €103,223 | €184,256 | +€81,033 | +78.5% |
| Tangible fixed assets | 22/27 | €103,223 | €184,197 | +€80,975 | +78.4% |
| Land and buildings | 22 | €63,643 | €60,923 | -€2,720 | -4.3% |
| Plant, machinery and equipment | 23 | €32,207 | €84,481 | +€52,274 | +162.3% |
| Furniture and vehicles | 24 | €7,372 | €38,793 | +€31,421 | +426.2% |
| Financial fixed assets | 28 | - | €58 | +€58 | |
| Current assets | 29/58 | €28,324 | €37,500 | +€9,176 | +32.4% |
| Amounts receivable within one year | 40/41 | €14,856 | €22,563 | +€7,707 | +51.9% |
| Trade receivables | 40 | €6,078 | €22,167 | +€16,090 | +264.7% |
| Other amounts receivable | 41 | €8,779 | €396 | -€8,383 | -95.5% |
| Cash at bank and in hand | 54/58 | €12,755 | €12,713 | -€42 | -0.3% |
| Deferred charges and accrued income | 490/1 | €713 | €2,225 | +€1,511 | +211.9% |
| Total equity and liabilities | 10/49 | €131,547 | €221,756 | +€90,210 | +68.6% |
| Equity | 10/15 | €23,518 | €40,100 | +€16,583 | +70.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,518 | €37,100 | +€16,583 | +80.8% |
| Distributable reserves | 133 | €20,518 | €37,100 | +€16,583 | +80.8% |
| Amounts payable | 17/49 | €108,029 | €181,656 | +€73,627 | +68.2% |
| Amounts payable after more than one year | 17 | €88,752 | €155,862 | +€67,110 | +75.6% |
| Financial debts | 170/4 | €88,752 | €155,862 | +€67,110 | +75.6% |
| Amounts payable within one year | 42/48 | €18,831 | €24,274 | +€5,443 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,417 | +€13,417 | |
| Trade debts | 44 | €9,868 | €2,268 | -€7,600 | -77.0% |
| Suppliers | 440/4 | €9,868 | €2,268 | -€7,600 | -77.0% |
| Taxes, remuneration and social security | 45 | €8,964 | €6,729 | -€2,235 | -24.9% |
| Taxes | 450/3 | €8,964 | €5,253 | -€3,711 | -41.4% |
| Remuneration and social security | 454/9 | - | €1,476 | +€1,476 | |
| Other amounts payable | 47/48 | - | €1,860 | +€1,860 | |
| Accrued charges and deferred income | 492/3 | €445 | €1,520 | +€1,075 | +241.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €16,521 | +€13,215 | +399.8% |
| Other operating charges | 640/8 | €394 | €1,053 | +€658 | +167.0% |
| Gross operating margin | 9900 | €33,277 | €40,538 | +€7,261 | +21.8% |
| Operating profit (loss) | 9901 | €29,577 | €22,965 | -€6,612 | -22.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €425 | €4,659 | +€4,234 | +996.0% |
| Recurring financial charges | 65 | €425 | €4,659 | +€4,234 | +996.0% |
| Profit (loss) for the period before taxes | 9903 | €29,152 | €18,306 | -€10,847 | -37.2% |
| Income taxes | 67/77 | €8,634 | €1,723 | -€6,911 | -80.0% |
| Profit (loss) for the period | 9904 | €20,518 | €16,583 | -€3,935 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,518 | €16,583 | -€3,935 | -19.2% |
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 10 October 2026 via checked.be.