SILO BRUSSELS: 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.
SILO BRUSSELS
Largest movements
- Cash +€103,683
up €103,683 (+223.0%), from €46,484 to €150,168
mainly Depreciation (+€91,819) and Accrued charges and deferred income (+€60,863)
- Tangible fixed assets -€84,639
down €84,639 (-13.4%), from €631,453 to €546,814
of which Other tangible fixed assets: -€50,068
- Receivables within one year +€58,391
up €58,391 (+119.1%), from €49,033 to €107,424
- Deferred charges and accrued income +€24,826
up €24,826 (+1361.0%), from €1,824 to €26,651
- Accrued charges and deferred income +€60,863
up €60,863 (+183.6%), from €33,153 to €94,015
- Profit (loss) carried forward +€36,262
up €36,262 (+38.2%), from €94,954 to €131,216
- Tax, wage and social debts +€30,077
up €30,077 (+428.9%), from €7,012 to €37,089
- Current portion of long-term debt -€27,031
down €27,031 (-67.5%), from €40,057 to €13,026
- Investment grants +€18,723
up €18,723 (+33.4%), from €56,112 to €74,835
- Gross operating margin +€21,613
up €21,613 (+18.2%), from €118,973 to €140,585
- Financial income +€5,340
up €5,340 (+57.3%), from €9,319 to €14,659
- Taxes +€3,242
up €3,242 (+93.7%), from €3,460 to €6,702
- Financial charges -€1,727
down €1,727 (-70.0%), from €2,469 to €741
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 | €736,812 | €831,894 | +€95,082 | +12.9% |
| Fixed assets | 21/28 | €639,471 | €547,652 | -€91,819 | -14.4% |
| Intangible fixed assets | 21 | €8,018 | €838 | -€7,179 | -89.5% |
| Tangible fixed assets | 22/27 | €631,453 | €546,814 | -€84,639 | -13.4% |
| Plant, machinery and equipment | 23 | €128,616 | €96,209 | -€32,407 | -25.2% |
| Furniture and vehicles | 24 | €2,763 | €598 | -€2,165 | -78.3% |
| Other tangible fixed assets | 26 | €500,074 | €450,006 | -€50,068 | -10.0% |
| Current assets | 29/58 | €97,342 | €284,243 | +€186,901 | +192.0% |
| Amounts receivable within one year | 40/41 | €49,033 | €107,424 | +€58,391 | +119.1% |
| Trade receivables | 40 | €49,033 | €107,424 | +€58,391 | +119.1% |
| Cash at bank and in hand | 54/58 | €46,484 | €150,168 | +€103,683 | +223.0% |
| Deferred charges and accrued income | 490/1 | €1,824 | €26,651 | +€24,826 | +1361.0% |
| Total equity and liabilities | 10/49 | €736,812 | €831,894 | +€95,082 | +12.9% |
| Equity | 10/15 | €271,066 | €326,051 | +€54,985 | +20.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,954 | €131,216 | +€36,262 | +38.2% |
| Investment grants | 15 | €56,112 | €74,835 | +€18,723 | +33.4% |
| Provisions and deferred taxes | 16 | €18,704 | €24,945 | +€6,241 | +33.4% |
| Deferred taxes | 168 | €18,704 | €24,945 | +€6,241 | +33.4% |
| Amounts payable | 17/49 | €447,042 | €480,899 | +€33,856 | +7.6% |
| Amounts payable after more than one year | 17 | €13,026 | - | -€13,026 | |
| Financial debts | 170/4 | €13,026 | - | -€13,026 | |
| Amounts payable within one year | 42/48 | €400,864 | €386,884 | -€13,980 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €40,057 | €13,026 | -€27,031 | -67.5% |
| Trade debts | 44 | €233,795 | €216,769 | -€17,026 | -7.3% |
| Suppliers | 440/4 | €233,795 | €216,769 | -€17,026 | -7.3% |
| Taxes, remuneration and social security | 45 | €7,012 | €37,089 | +€30,077 | +428.9% |
| Taxes | 450/3 | €7,012 | €37,089 | +€30,077 | +428.9% |
| Other amounts payable | 47/48 | €120,000 | €120,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33,153 | €94,015 | +€60,863 | +183.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,826 | €91,819 | -€8 | 0.0% |
| Other operating charges | 640/8 | €23,398 | €24,605 | +€1,206 | +5.2% |
| Gross operating margin | 9900 | €118,973 | €140,585 | +€21,613 | +18.2% |
| Operating profit (loss) | 9901 | €3,748 | €24,162 | +€20,414 | +544.6% |
| Financial income | 75/76B | €9,319 | €14,659 | +€5,340 | +57.3% |
| Recurring financial income | 75 | €9,319 | €14,659 | +€5,340 | +57.3% |
| Financial charges | 65/66B | €2,469 | €741 | -€1,727 | -70.0% |
| Recurring financial charges | 65 | €2,469 | €741 | -€1,727 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €10,599 | €38,080 | +€27,481 | +259.3% |
| Transfer from deferred taxes | 780 | €3,102 | €4,884 | +€1,782 | +57.4% |
| Income taxes | 67/77 | €3,460 | €6,702 | +€3,242 | +93.7% |
| Profit (loss) for the period | 9904 | €10,241 | €36,262 | +€26,021 | +254.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,241 | €36,262 | +€26,021 | +254.1% |
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.