SILMACO: 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.
What changed
SILMACO
NACE 20.130, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €5.4m-€1.4m
Equity
€32.9m
2024 · €29.7m+€3.2m
Cash
€6.2m
2024 · €2.9m+€3.3m
Balance sheet total
€36.9m
2024 · €33.5m+€3.4m
Largest movements
Assets
- Cash +€3.3m
up €3.3m (+114.3%), from €2.9m to €6.2m
mainly Net result for the year (+€4.0m) and Current investments (+€2.1m)
- Current investments -€2.1m
down €2.1m (-62.1%), from €3.4m to €1.3m
- Financial fixed assets +€693,234
up €693,234 (+4.2%), from €16.5m to €17.2m
of which Affiliated companies: +€695,973
- Stocks and contracts +€602,387
up €602,387 (+37.1%), from €1.6m to €2.2m
- Tangible fixed assets +€588,686
up €588,686 (+13.7%), from €4.3m to €4.9m
of which Land and buildings: +€1.6m
Equity and liabilities
- Reserves +€3.3m
up €3.3m (+11.4%), from €28.5m to €31.8m
of which Distributable reserves: +€3.3m
- Trade debts +€372,696
up €372,696 (+18.0%), from €2.1m to €2.4m
Income statement
- Goods and materials +€1.5m
up €1.5m (+16.1%), from €9.2m to €10.6m
of which Purchases: +€1.5m
- Financial charges +€624,547
up €624,547 (+308.1%), from €202,687 to €827,234
- Services and other goods +€521,539
up €521,539 (+5.9%), from €8.8m to €9.3m
- Taxes -€291,746
down €291,746 (-32.4%), from €900,250 to €608,504
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.
Result 2024
€5.4m
Turnover
-€32,261
Other operating income
-€37,922
Goods and materials
-€1.5m
Services and other goods
-€521,539
Staff costs
-€97,982
Depreciation
-€110,293
Other operating charges
+€5,803
Other operating items
+€998,407
Financial income
+€173,445
Financial charges
-€624,547
Taxes
+€291,746
Result 2025
€4.0m
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.
From operations
+€3.7m
Investment
+€313,675
Financing
-€753,858
Cash 2024
€2.9m
From operations (derived)
+€3.7m
Net result for the year
+€4.0m
Depreciation
+€498,309
Stocks and contracts
-€602,387
Receivables within one year
-€75,879
Deferred charges and accrued income
-€212,461
Trade debts
+€372,696
Tax, wage and social debts
-€140,797
Other debts
+€50,000
Accrued charges and deferred income
-€146,601
Investment (derived)
+€313,675
Investment in fixed assets (net)
-€1.8m
Current investments
+€2.1m
Financing
-€753,858
Contributions, distributions and other
-€753,858
Cash 2025
€6.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,477,304 | €36,860,206 | +€3.4m | +10.1% |
| Fixed assets | 21/28 | €20,784,657 | €22,066,577 | +€1.3m | +6.2% |
| Tangible fixed assets | 22/27 | €4,289,509 | €4,878,196 | +€588,686 | +13.7% |
| Land and buildings | 22 | €764,036 | €2,379,011 | +€1.6m | +211.4% |
| Plant, machinery and equipment | 23 | €1,934,699 | €2,096,535 | +€161,835 | +8.4% |
| Furniture and vehicles | 24 | €68,164 | €115,911 | +€47,747 | +70.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,522,610 | €286,739 | -€1.2m | -81.2% |
| Financial fixed assets | 28 | €16,495,147 | €17,188,382 | +€693,234 | +4.2% |
| Affiliated companies | 280/1 | €16,466,799 | €17,162,772 | +€695,973 | +4.2% |
| Amounts receivable | 281 | €16,466,799 | €17,162,772 | +€695,973 | +4.2% |
| Other financial fixed assets | 284/8 | €28,348 | €25,610 | -€2,738 | -9.7% |
| Amounts receivable and cash guarantees | 285/8 | €28,348 | €25,610 | -€2,738 | -9.7% |
| Current assets | 29/58 | €12,692,647 | €14,793,629 | +€2.1m | +16.6% |
| Stocks and contracts in progress | 3 | €1,624,304 | €2,226,690 | +€602,387 | +37.1% |
| Stocks | 30/36 | €1,624,304 | €2,226,690 | +€602,387 | +37.1% |
| Raw materials and consumables | 30/31 | €491,684 | €498,276 | +€6,593 | +1.3% |
| Finished goods | 33 | €1,132,620 | €1,728,414 | +€595,794 | +52.6% |
| Amounts receivable within one year | 40/41 | €4,759,123 | €4,835,002 | +€75,879 | +1.6% |
| Trade receivables | 40 | €3,967,550 | €3,955,058 | -€12,492 | -0.3% |
| Other amounts receivable | 41 | €791,572 | €879,944 | +€88,371 | +11.2% |
| Current investments | 50/53 | €3,373,768 | €1,279,863 | -€2.1m | -62.1% |
| Other investments | 51/53 | €3,373,768 | €1,279,863 | -€2.1m | -62.1% |
| Cash at bank and in hand | 54/58 | €2,890,889 | €6,195,049 | +€3.3m | +114.3% |
| Deferred charges and accrued income | 490/1 | €44,564 | €257,024 | +€212,461 | +476.8% |
| Total equity and liabilities | 10/49 | €33,477,304 | €36,860,206 | +€3.4m | +10.1% |
| Equity | 10/15 | €29,656,433 | €32,904,038 | +€3.2m | +11.0% |
| Contributions | 10/11 | €1,116,000 | €1,116,000 | = | 0.0% |
| Capital | 10 | €1,116,000 | €1,116,000 | = | 0.0% |
| Issued capital | 100 | €1,116,000 | €1,116,000 | = | 0.0% |
| Reserves | 13 | €28,531,659 | €31,783,122 | +€3.3m | +11.4% |
| Non-distributable reserves | 130/1 | €111,600 | €111,600 | = | 0.0% |
| Legal reserve | 130 | €111,600 | €111,600 | = | 0.0% |
| Distributable reserves | 133 | €28,420,059 | €31,671,522 | +€3.3m | +11.4% |
| Investment grants | 15 | €8,774 | €4,916 | -€3,858 | -44.0% |
| Amounts payable | 17/49 | €3,820,871 | €3,956,169 | +€135,298 | +3.5% |
| Amounts payable within one year | 42/48 | €3,428,266 | €3,710,165 | +€281,899 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,075,272 | €2,447,968 | +€372,696 | +18.0% |
| Suppliers | 440/4 | €2,075,272 | €2,447,968 | +€372,696 | +18.0% |
| Taxes, remuneration and social security | 45 | €652,994 | €512,197 | -€140,797 | -21.6% |
| Taxes | 450/3 | €31,088 | €36,730 | +€5,643 | +18.2% |
| Remuneration and social security | 454/9 | €621,906 | €475,467 | -€146,439 | -23.5% |
| Other amounts payable | 47/48 | €700,000 | €750,000 | +€50,000 | +7.1% |
| Accrued charges and deferred income | 492/3 | €392,605 | €246,004 | -€146,601 | -37.3% |
| Operating income | 70/76A | €27,556,454 | €28,484,094 | +€927,640 | +3.4% |
| Turnover | 70 | €27,509,727 | €27,477,466 | -€32,261 | -0.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€361,778 | €595,794 | +€957,573 | |
| Other operating income | 74 | €408,505 | €370,584 | -€37,922 | -9.3% |
| Non-recurring operating income | 76A | - | €40,250 | +€40,250 | |
| Operating charges | 60/66A | €21,611,041 | €23,811,410 | +€2.2m | +10.2% |
| Goods for resale, raw materials and consumables | 60 | €9,170,366 | €10,647,308 | +€1.5m | +16.1% |
| Purchases | 600/8 | €9,130,338 | €10,653,901 | +€1.5m | +16.7% |
| Change in stocks: decrease (increase) | 609 | €40,028 | -€6,593 | -€46,621 | |
| Services and other goods | 61 | €8,784,793 | €9,306,332 | +€521,539 | +5.9% |
| Remuneration, social security and pensions | 62 | €3,160,638 | €3,258,620 | +€97,982 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,016 | €498,309 | +€110,293 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €106,644 | €100,841 | -€5,803 | -5.4% |
| Non-recurring operating charges | 66A | €585 | €0 | -€585 | -100.0% |
| Operating profit (loss) | 9901 | €5,945,412 | €4,672,684 | -€1.3m | -21.4% |
| Financial income | 75/76B | €591,072 | €764,517 | +€173,445 | +29.3% |
| Recurring financial income | 75 | €591,072 | €764,517 | +€173,445 | +29.3% |
| Income from financial fixed assets | 750 | €325,383 | €306,126 | -€19,257 | -5.9% |
| Income from current assets | 751 | €71,508 | €66,138 | -€5,370 | -7.5% |
| Other financial income | 752/9 | €194,181 | €392,253 | +€198,072 | +102.0% |
| Financial charges | 65/66B | €202,687 | €827,234 | +€624,547 | +308.1% |
| Recurring financial charges | 65 | €202,687 | €827,234 | +€624,547 | +308.1% |
| Debt charges | 650 | €17,243 | €23,181 | +€5,938 | +34.4% |
| Other financial charges | 652/9 | €185,444 | €804,053 | +€618,609 | +333.6% |
| Profit (loss) for the period before taxes | 9903 | €6,333,797 | €4,609,967 | -€1.7m | -27.2% |
| Income taxes | 67/77 | €900,250 | €608,504 | -€291,746 | -32.4% |
| Taxes | 670/3 | €900,250 | €608,504 | -€291,746 | -32.4% |
| Profit (loss) for the period | 9904 | €5,433,547 | €4,001,463 | -€1.4m | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,433,547 | €4,001,463 | -€1.4m | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.