SILLY BELGIUM: 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.
SILLY BELGIUM
Largest movements
- Stocks and contracts +€406,398
up €406,398 (+99.7%), from €407,683 to €814,080
- Cash -€273,952
down €273,952 (-65.6%), from €417,380 to €143,428
mainly Stocks and contracts (-€406,398) and Trade debts (-€141,888)
- Tangible fixed assets +€67,891
up €67,891 (+66.1%), from €102,743 to €170,634
of which Other tangible fixed assets: +€53,015
- Receivables within one year +€51,522
up €51,522 (+13.5%), from €382,233 to €433,755
of which Trade receivables: +€156,784
- Other debts +€272,551
up €272,551 (+103%), from €264,337 to €536,888
- Reserves +€142,828
up €142,828 (+97.6%), from €146,266 to €289,095
of which Distributable reserves: +€145,000
- Trade debts -€141,888
down €141,888 (-57.4%), from €247,295 to €105,408
- Gross operating margin +€91,870
up €91,870 (+23.8%), from €386,067 to €477,937
- Taxes +€43,070
up €43,070 (+11,910%), from €362 to €43,431
- Depreciation +€16,650
up €16,650 (+66.1%), from €25,197 to €41,847
- Staff costs +€8,875
up €8,875 (+4.0%), from €222,878 to €231,753
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 | €1,311,141 | €1,574,176 | +€263,035 | +20.1% |
| Fixed assets | 21/28 | €103,133 | €175,773 | +€72,640 | +70.4% |
| Intangible fixed assets | 21 | - | €4,749 | +€4,749 | |
| Tangible fixed assets | 22/27 | €102,743 | €170,634 | +€67,891 | +66.1% |
| Plant, machinery and equipment | 23 | €54,460 | €85,314 | +€30,855 | +56.7% |
| Furniture and vehicles | 24 | €10,097 | €7,170 | -€2,927 | -29.0% |
| Leasing and similar rights | 25 | €31,542 | €18,490 | -€13,052 | -41.4% |
| Other tangible fixed assets | 26 | €6,645 | €59,660 | +€53,015 | +798% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €1,208,008 | €1,398,403 | +€190,395 | +15.8% |
| Stocks and contracts in progress | 3 | €407,683 | €814,080 | +€406,398 | +99.7% |
| Stocks | 30/36 | €407,683 | €814,080 | +€406,398 | +99.7% |
| Amounts receivable within one year | 40/41 | €382,233 | €433,755 | +€51,522 | +13.5% |
| Trade receivables | 40 | €244,573 | €401,357 | +€156,784 | +64.1% |
| Other amounts receivable | 41 | €137,659 | €32,397 | -€105,262 | -76.5% |
| Current investments | 50/53 | €713 | €7,140 | +€6,427 | +902% |
| Cash at bank and in hand | 54/58 | €417,380 | €143,428 | -€273,952 | -65.6% |
| Total equity and liabilities | 10/49 | €1,311,141 | €1,574,176 | +€263,035 | +20.1% |
| Equity | 10/15 | €716,783 | €866,148 | +€149,366 | +20.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €146,266 | €289,095 | +€142,828 | +97.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,318 | €6,146 | -€2,172 | -26.1% |
| Distributable reserves | 133 | €131,748 | €276,748 | +€145,000 | +110% |
| Profit (loss) carried forward | 14 | €497,472 | €499,530 | +€2,059 | +0.4% |
| Investment grants | 15 | €11,045 | €15,524 | +€4,479 | +40.6% |
| Provisions and deferred taxes | 16 | €2,376 | €1,652 | -€724 | -30.5% |
| Deferred taxes | 168 | €2,376 | €1,652 | -€724 | -30.5% |
| Amounts payable | 17/49 | €591,982 | €706,376 | +€114,393 | +19.3% |
| Amounts payable after more than one year | 17 | €24,765 | €13,286 | -€11,480 | -46.4% |
| Financial debts | 170/4 | €24,765 | €13,286 | -€11,480 | -46.4% |
| Amounts payable within one year | 42/48 | €567,217 | €683,894 | +€116,677 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €10,990 | €11,480 | +€489 | +4.5% |
| Trade debts | 44 | €247,295 | €105,408 | -€141,888 | -57.4% |
| Suppliers | 440/4 | €247,295 | €105,408 | -€141,888 | -57.4% |
| Taxes, remuneration and social security | 45 | €44,594 | €30,118 | -€14,476 | -32.5% |
| Taxes | 450/3 | €1,974 | €7,370 | +€5,396 | +273% |
| Remuneration and social security | 454/9 | €42,620 | €22,748 | -€19,872 | -46.6% |
| Other amounts payable | 47/48 | €264,337 | €536,888 | +€272,551 | +103% |
| Accrued charges and deferred income | 492/3 | - | €9,196 | +€9,196 | |
| Remuneration, social security and pensions | 62 | €222,878 | €231,753 | +€8,875 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,197 | €41,847 | +€16,650 | +66.1% |
| Other operating charges | 640/8 | €11,258 | €7,510 | -€3,748 | -33.3% |
| Non-recurring operating charges | 66A | - | €22 | +€22 | |
| Gross operating margin | 9900 | €386,067 | €477,937 | +€91,870 | +23.8% |
| Operating profit (loss) | 9901 | €126,734 | €196,805 | +€70,070 | +55.3% |
| Financial income | 75/76B | €4,242 | €2,666 | -€1,576 | -37.1% |
| Recurring financial income | 75 | €4,242 | €2,666 | -€1,576 | -37.1% |
| Financial charges | 65/66B | €8,610 | €11,876 | +€3,266 | +37.9% |
| Recurring financial charges | 65 | €8,610 | €11,876 | +€3,266 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €122,366 | €187,594 | +€65,229 | +53.3% |
| Transfer from deferred taxes | 780 | €724 | - | -€724 | |
| Income taxes | 67/77 | €362 | €43,431 | +€43,070 | +11,910% |
| Profit (loss) for the period | 9904 | €122,728 | €144,163 | +€21,435 | +17.5% |
| Transfer from tax-exempt reserves | 789 | €2,172 | €2,896 | +€724 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,900 | €147,059 | +€22,159 | +17.7% |
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 24 October 2026 via checked.be.