SILOGOS BEHEER: 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.
SILOGOS BEHEER
Largest movements
- Tangible fixed assets -€218,118
down €218,118 (-5.8%), from €3.8m to €3.6m
of which Land and buildings: -€217,824
- Current investments -€96,072
down €96,072 (-9.4%), from €1.0m to €921,497
- Cash +€57,710
up €57,710 (+172%), from €33,557 to €91,267
mainly Depreciation (+€228,843) and Current investments (+€96,072)
- Debts after one year -€180,072
down €180,072 (-7.7%), from €2.3m to €2.2m
- Reserves -€98,569
down €98,569 (-4.4%), from €2.2m to €2.1m
of which Distributable reserves: -€98,569
- Financial charges +€59,253
up €59,253 (+162%), from €36,490 to €95,743
- Gross operating margin -€23,423
down €23,423 (-10.5%), from €223,294 to €199,871
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 | €5,728,620 | €5,475,703 | -€252,917 | -4.4% |
| Fixed assets | 21/28 | €4,640,621 | €4,422,502 | -€218,118 | -4.7% |
| Tangible fixed assets | 22/27 | €3,778,786 | €3,560,668 | -€218,118 | -5.8% |
| Land and buildings | 22 | €3,778,047 | €3,560,223 | -€217,824 | -5.8% |
| Plant, machinery and equipment | 23 | €740 | €445 | -€295 | -39.8% |
| Financial fixed assets | 28 | €861,834 | €861,834 | = | 0.0% |
| Current assets | 29/58 | €1,087,999 | €1,053,201 | -€34,798 | -3.2% |
| Amounts receivable within one year | 40/41 | €35,600 | €39,131 | +€3,531 | +9.9% |
| Trade receivables | 40 | €20,107 | €20,459 | +€352 | +1.7% |
| Other amounts receivable | 41 | €15,493 | €18,673 | +€3,179 | +20.5% |
| Current investments | 50/53 | €1,017,569 | €921,497 | -€96,072 | -9.4% |
| Cash at bank and in hand | 54/58 | €33,557 | €91,267 | +€57,710 | +172% |
| Deferred charges and accrued income | 490/1 | €1,273 | €1,306 | +€33 | +2.6% |
| Total equity and liabilities | 10/49 | €5,728,620 | €5,475,703 | -€252,917 | -4.4% |
| Equity | 10/15 | €3,216,970 | €3,118,401 | -€98,569 | -3.1% |
| Contributions | 10/11 | €974,222 | €974,222 | = | 0.0% |
| Capital | 10 | €974,222 | €974,222 | = | 0.0% |
| Issued capital | 100 | €974,222 | €974,222 | = | 0.0% |
| Reserves | 13 | €2,242,748 | €2,144,179 | -€98,569 | -4.4% |
| Non-distributable reserves | 130/1 | €97,422 | €97,422 | = | 0.0% |
| Legal reserve | 130 | €97,422 | €97,422 | = | 0.0% |
| Distributable reserves | 133 | €2,145,326 | €2,046,757 | -€98,569 | -4.6% |
| Amounts payable | 17/49 | €2,511,650 | €2,357,302 | -€154,348 | -6.1% |
| Amounts payable after more than one year | 17 | €2,331,426 | €2,151,354 | -€180,072 | -7.7% |
| Financial debts | 170/4 | €2,331,426 | €2,151,354 | -€180,072 | -7.7% |
| Amounts payable within one year | 42/48 | €180,224 | €205,949 | +€25,724 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €175,748 | €180,072 | +€4,324 | +2.5% |
| Trade debts | 44 | €4,476 | €24,855 | +€20,379 | +455% |
| Suppliers | 440/4 | €4,476 | €24,855 | +€20,379 | +455% |
| Taxes, remuneration and social security | 45 | - | €1,021 | +€1,021 | |
| Taxes | 450/3 | - | €1,021 | +€1,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,618 | €228,843 | +€225 | +0.1% |
| Other operating charges | 640/8 | €30,292 | €28,873 | -€1,420 | -4.7% |
| Gross operating margin | 9900 | €223,294 | €199,871 | -€23,423 | -10.5% |
| Operating profit (loss) | 9901 | -€35,616 | -€57,845 | -€22,229 | -62.4% |
| Financial income | 75/76B | €54,297 | €55,019 | +€722 | +1.3% |
| Recurring financial income | 75 | €54,297 | €55,019 | +€722 | +1.3% |
| Financial charges | 65/66B | €36,490 | €95,743 | +€59,253 | +162% |
| Recurring financial charges | 65 | €36,490 | €95,743 | +€59,253 | +162% |
| Profit (loss) for the period before taxes | 9903 | -€17,808 | -€98,569 | -€80,761 | -453% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | -€19 | €0 | +€19 | |
| Profit (loss) for the period | 9904 | -€17,789 | -€98,569 | -€80,779 | -454% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,789 | -€98,569 | -€80,779 | -454% |
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 31 October 2026 via checked.be.