SILOC: 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
SILOC
NACE 43.341, Painting of buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€506,245
2024 · -€763,681+€257,436
Equity
€1.2m
2024 · €1.7m-€506,245
Cash
€207,545
2024 · €491,021-€283,476
Balance sheet total
€2.1m
2024 · €3.0m-€869,866
Largest movements
Assets
- Receivables within one year -€387,905
down €387,905 (-28.5%), from €1.4m to €970,834
of which Trade receivables: -€373,124
- Cash -€283,476
down €283,476 (-57.7%), from €491,021 to €207,545
mainly Net result for the year (-€506,245) and Debts after one year (-€155,208)
- Tangible fixed assets -€173,422
down €173,422 (-17.5%), from €988,826 to €815,404
of which Leasing and similar rights: -€127,808
Equity and liabilities
- Reserves -€506,245
down €506,245 (-30.2%), from €1.7m to €1.2m
of which Distributable reserves: -€506,245
- Debts after one year -€155,208
down €155,208 (-34.5%), from €450,279 to €295,071
- Trade debts -€131,219
down €131,219 (-31.4%), from €417,881 to €286,663
- Provisions -€38,792
down €38,792 (-31.1%), from €124,598 to €85,807
Income statement
- Staff costs -€411,457
down €411,457 (-16.2%), from €2.5m to €2.1m
- Gross operating margin -€204,055
down €204,055 (-10.1%), from €2.0m to €1.8m
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
-€763,681
Gross operating margin
-€204,055
Staff costs
+€411,457
Depreciation
-€15,560
Provisions
+€18,041
Other operating charges
-€3,836
Other operating items
+€40,320
Financial income
-€4,657
Financial charges
+€15,531
Taxes
+€196
Result 2025
-€506,245
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
-€106,911
Investment
-€5,565
Financing
-€170,999
Cash 2024
€491,021
From operations (derived)
-€106,911
Net result for the year
-€506,245
Depreciation
+€178,987
Stocks and contracts
-€2,526
Receivables within one year
+€387,905
Deferred charges and accrued income
+€27,589
Provisions
-€38,792
Trade debts
-€131,219
Tax, wage and social debts
-€27,319
Other debts
+€4,707
Investment (derived)
-€5,565
Investment in fixed assets (net)
-€5,565
Financing
-€170,999
Debts after one year
-€155,208
Current portion of long-term debt
-€15,791
Cash 2025
€207,545
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,987,384 | €2,117,517 | -€869,866 | -29.1% |
| Fixed assets | 21/28 | €990,514 | €817,092 | -€173,422 | -17.5% |
| Tangible fixed assets | 22/27 | €988,826 | €815,404 | -€173,422 | -17.5% |
| Land and buildings | 22 | €616,857 | €585,100 | -€31,758 | -5.1% |
| Plant, machinery and equipment | 23 | €14,354 | €11,947 | -€2,407 | -16.8% |
| Furniture and vehicles | 24 | €29,590 | €18,141 | -€11,450 | -38.7% |
| Leasing and similar rights | 25 | €318,576 | €190,768 | -€127,808 | -40.1% |
| Other tangible fixed assets | 26 | €9,449 | €9,449 | = | 0.0% |
| Financial fixed assets | 28 | €1,688 | €1,688 | = | 0.0% |
| Current assets | 29/58 | €1,996,869 | €1,300,425 | -€696,444 | -34.9% |
| Stocks and contracts in progress | 3 | €76,355 | €78,881 | +€2,526 | +3.3% |
| Stocks | 30/36 | €76,355 | €78,881 | +€2,526 | +3.3% |
| Amounts receivable within one year | 40/41 | €1,358,739 | €970,834 | -€387,905 | -28.5% |
| Trade receivables | 40 | €1,261,207 | €888,083 | -€373,124 | -29.6% |
| Other amounts receivable | 41 | €97,532 | €82,751 | -€14,780 | -15.2% |
| Cash at bank and in hand | 54/58 | €491,021 | €207,545 | -€283,476 | -57.7% |
| Deferred charges and accrued income | 490/1 | €70,755 | €43,166 | -€27,589 | -39.0% |
| Total equity and liabilities | 10/49 | €2,987,384 | €2,117,517 | -€869,866 | -29.1% |
| Equity | 10/15 | €1,692,670 | €1,186,424 | -€506,245 | -29.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,674,078 | €1,167,832 | -€506,245 | -30.2% |
| Non-distributable reserves | 130/1 | €2,181 | €2,181 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,181 | €2,181 | = | 0.0% |
| Distributable reserves | 133 | €1,671,896 | €1,165,651 | -€506,245 | -30.3% |
| Provisions and deferred taxes | 16 | €124,598 | €85,807 | -€38,792 | -31.1% |
| Provisions for liabilities and charges | 160/5 | €124,598 | €85,807 | -€38,792 | -31.1% |
| Environmental obligations | 163 | €124,598 | €85,807 | -€38,792 | -31.1% |
| Amounts payable | 17/49 | €1,170,116 | €845,286 | -€324,830 | -27.8% |
| Amounts payable after more than one year | 17 | €450,279 | €295,071 | -€155,208 | -34.5% |
| Financial debts | 170/4 | €450,279 | €295,071 | -€155,208 | -34.5% |
| Amounts payable within one year | 42/48 | €719,837 | €550,215 | -€169,622 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €171,002 | €155,211 | -€15,791 | -9.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €417,881 | €286,663 | -€131,219 | -31.4% |
| Suppliers | 440/4 | €417,881 | €286,663 | -€131,219 | -31.4% |
| Taxes, remuneration and social security | 45 | €127,109 | €99,790 | -€27,319 | -21.5% |
| Taxes | 450/3 | €647 | €809 | +€161 | +24.9% |
| Remuneration and social security | 454/9 | €126,462 | €98,982 | -€27,480 | -21.7% |
| Other amounts payable | 47/48 | €3,844 | €8,551 | +€4,707 | +122.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,534,395 | €2,122,939 | -€411,457 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,428 | €178,987 | +€15,560 | +9.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,751 | -€38,792 | -€18,041 | -86.9% |
| Other operating charges | 640/8 | €20,921 | €24,758 | +€3,836 | +18.3% |
| Non-recurring operating charges | 66A | €40,320 | €0 | -€40,320 | -100.0% |
| Gross operating margin | 9900 | €2,014,632 | €1,810,577 | -€204,055 | -10.1% |
| Operating profit (loss) | 9901 | -€723,681 | -€477,315 | +€246,366 | +34.0% |
| Financial income | 75/76B | €4,657 | €0 | -€4,657 | -100.0% |
| Recurring financial income | 75 | €4,657 | €0 | -€4,657 | -100.0% |
| Financial charges | 65/66B | €41,240 | €25,709 | -€15,531 | -37.7% |
| Recurring financial charges | 65 | €41,240 | €25,709 | -€15,531 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€760,264 | -€503,024 | +€257,240 | +33.8% |
| Income taxes | 67/77 | €3,417 | €3,221 | -€196 | -5.7% |
| Profit (loss) for the period | 9904 | -€763,681 | -€506,245 | +€257,436 | +33.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€763,681 | -€506,245 | +€257,436 | +33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.