SILOEL: 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.
SILOEL
Largest movements
- Tangible fixed assets +€146,859
up €146,859 (+180.5%), from €81,350 to €228,209
of which Other tangible fixed assets: +€156,408
- Other debts +€102,860
up €102,860 (+277.3%), from €37,096 to €139,955
- Debts after one year +€52,900
new in 2025: €52,900
- Reserves -€19,106
down €19,106 (-80.0%), from €23,892 to €4,787
- Current portion of long-term debt +€5,054
new in 2025: €5,054
- Depreciation +€15,066
up €15,066 (+195.8%), from €7,693 to €22,758
- Gross operating margin -€9,788
down €9,788 (-54.1%), from €18,080 to €8,292
- Financial charges +€1,588
up €1,588 (+199.6%), from €796 to €2,384
- Other operating charges -€303
down €303 (-11.8%), from €2,559 to €2,255
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 | €86,268 | €228,762 | +€142,494 | +165.2% |
| Fixed assets | 21/28 | €81,350 | €228,209 | +€146,859 | +180.5% |
| Tangible fixed assets | 22/27 | €81,350 | €228,209 | +€146,859 | +180.5% |
| Land and buildings | 22 | €29,871 | €26,230 | -€3,641 | -12.2% |
| Plant, machinery and equipment | 23 | €47,388 | €41,479 | -€5,909 | -12.5% |
| Other tangible fixed assets | 26 | €4,092 | €160,500 | +€156,408 | +3822.6% |
| Current assets | 29/58 | €4,917 | €553 | -€4,365 | -88.8% |
| Amounts receivable within one year | 40/41 | €316 | - | -€316 | |
| Other amounts receivable | 41 | €316 | - | -€316 | |
| Cash at bank and in hand | 54/58 | €2,432 | €553 | -€1,879 | -77.3% |
| Deferred charges and accrued income | 490/1 | €2,170 | - | -€2,170 | |
| Total equity and liabilities | 10/49 | €86,268 | €228,762 | +€142,494 | +165.2% |
| Equity | 10/15 | €49,172 | €30,066 | -€19,106 | -38.9% |
| Contributions | 10/11 | €25,280 | €25,280 | = | 0.0% |
| Reserves | 13 | €23,892 | €4,787 | -€19,106 | -80.0% |
| Distributable reserves | 133 | €23,892 | €4,787 | -€19,106 | -80.0% |
| Amounts payable | 17/49 | €37,096 | €198,695 | +€161,600 | +435.6% |
| Amounts payable after more than one year | 17 | - | €52,900 | +€52,900 | |
| Financial debts | 170/4 | - | €52,900 | +€52,900 | |
| Amounts payable within one year | 42/48 | €37,096 | €145,795 | +€108,700 | +293.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,054 | +€5,054 | |
| Trade debts | 44 | - | €786 | +€786 | |
| Suppliers | 440/4 | - | €786 | +€786 | |
| Other amounts payable | 47/48 | €37,096 | €139,955 | +€102,860 | +277.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,693 | €22,758 | +€15,066 | +195.8% |
| Other operating charges | 640/8 | €2,559 | €2,255 | -€303 | -11.8% |
| Gross operating margin | 9900 | €18,080 | €8,292 | -€9,788 | -54.1% |
| Operating profit (loss) | 9901 | €7,829 | -€16,722 | -€24,551 | |
| Financial charges | 65/66B | €796 | €2,384 | +€1,588 | +199.6% |
| Recurring financial charges | 65 | €796 | €2,384 | +€1,588 | +199.6% |
| Profit (loss) for the period before taxes | 9903 | €7,033 | -€19,106 | -€26,139 | |
| Profit (loss) for the period | 9904 | €7,033 | -€19,106 | -€26,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,033 | -€19,106 | -€26,139 |
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 4 October 2026 via checked.be.