Silpa: 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.
Silpa
Largest movements
- Cash +€69,030
up €69,030 (+29.1%), from €237,406 to €306,436
mainly Depreciation (+€38,275) and Net result for the year (+€20,997)
- Tangible fixed assets -€12,135
down €12,135 (-7.4%), from €164,245 to €152,110
- Deferred charges and accrued income -€11,197
down €11,197 (-39.3%), from €28,458 to €17,261
- Receivables within one year -€7,926
down €7,926 (-3.2%), from €247,763 to €239,837
of which Trade receivables: -€4,290
- Reserves +€242,362
up €242,362 (+89.0%), from €272,306 to €514,668
of which Distributable reserves: +€242,362
- Profit (loss) carried forward -€221,365
no longer reported in 2025 (was €221,365)
- Other debts +€18,553
up €18,553 (+15.5%), from €119,878 to €138,431
- Gross operating margin -€28,911
down €28,911 (-10.0%), from €290,237 to €261,325
- Staff costs -€12,003
down €12,003 (-6.2%), from €193,536 to €181,533
- Taxes -€3,616
down €3,616 (-22.6%), from €15,987 to €12,371
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 | €695,958 | €735,030 | +€39,073 | +5.6% |
| Fixed assets | 21/28 | €164,306 | €152,171 | -€12,135 | -7.4% |
| Tangible fixed assets | 22/27 | €164,245 | €152,110 | -€12,135 | -7.4% |
| Land and buildings | 22 | €83,124 | €78,635 | -€4,489 | -5.4% |
| Plant, machinery and equipment | 23 | €77,506 | €71,996 | -€5,510 | -7.1% |
| Furniture and vehicles | 24 | €3,614 | €1,479 | -€2,135 | -59.1% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €531,652 | €582,859 | +€51,207 | +9.6% |
| Stocks and contracts in progress | 3 | €18,025 | €19,325 | +€1,300 | +7.2% |
| Stocks | 30/36 | €18,025 | €19,325 | +€1,300 | +7.2% |
| Amounts receivable within one year | 40/41 | €247,763 | €239,837 | -€7,926 | -3.2% |
| Trade receivables | 40 | €4,290 | - | -€4,290 | |
| Other amounts receivable | 41 | €243,474 | €239,837 | -€3,637 | -1.5% |
| Cash at bank and in hand | 54/58 | €237,406 | €306,436 | +€69,030 | +29.1% |
| Deferred charges and accrued income | 490/1 | €28,458 | €17,261 | -€11,197 | -39.3% |
| Total equity and liabilities | 10/49 | €695,958 | €735,030 | +€39,073 | +5.6% |
| Equity | 10/15 | €499,867 | €520,865 | +€20,997 | +4.2% |
| Contributions | 10/11 | €6,196 | €6,196 | = | 0.0% |
| Reserves | 13 | €272,306 | €514,668 | +€242,362 | +89.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €270,447 | €512,809 | +€242,362 | +89.6% |
| Profit (loss) carried forward | 14 | €221,365 | - | -€221,365 | |
| Amounts payable | 17/49 | €196,091 | €214,166 | +€18,075 | +9.2% |
| Amounts payable within one year | 42/48 | €196,091 | €214,166 | +€18,075 | +9.2% |
| Trade debts | 44 | €17,827 | €21,516 | +€3,689 | +20.7% |
| Suppliers | 440/4 | €17,827 | €21,516 | +€3,689 | +20.7% |
| Taxes, remuneration and social security | 45 | €58,386 | €54,219 | -€4,167 | -7.1% |
| Taxes | 450/3 | €27,622 | €21,277 | -€6,345 | -23.0% |
| Remuneration and social security | 454/9 | €30,764 | €32,942 | +€2,178 | +7.1% |
| Other amounts payable | 47/48 | €119,878 | €138,431 | +€18,553 | +15.5% |
| Non-recurring operating income | 76A | €4,593 | - | -€4,593 | |
| Remuneration, social security and pensions | 62 | €193,536 | €181,533 | -€12,003 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,027 | €38,275 | +€1,248 | +3.4% |
| Other operating charges | 640/8 | €6,660 | €5,173 | -€1,486 | -22.3% |
| Gross operating margin | 9900 | €290,237 | €261,325 | -€28,911 | -10.0% |
| Operating profit (loss) | 9901 | €53,013 | €36,344 | -€16,670 | -31.4% |
| Financial charges | 65/66B | €5,072 | €2,976 | -€2,096 | -41.3% |
| Recurring financial charges | 65 | €5,072 | €2,976 | -€2,096 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €47,942 | €33,368 | -€14,574 | -30.4% |
| Income taxes | 67/77 | €15,987 | €12,371 | -€3,616 | -22.6% |
| Profit (loss) for the period | 9904 | €31,955 | €20,997 | -€10,958 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,955 | €20,997 | -€10,958 | -34.3% |
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 11 October 2026 via checked.be.