SILSTELLA: 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.
SILSTELLA
Largest movements
- Receivables after one year -€45,000
down €45,000 (-39.1%), from €115,000 to €70,000
- Cash +€22,718
up €22,718 (+27.6%), from €82,179 to €104,897
mainly Receivables after one year (+€45,000) and Depreciation (+€15,088)
- Receivables within one year +€20,144
up €20,144 (+2,778%), from €725 to €20,869
of which Other amounts receivable: +€20,144
- Stocks and contracts -€6,281
down €6,281 (-41.2%), from €15,241 to €8,960
- Tangible fixed assets -€4,638
down €4,638 (-3.2%), from €143,802 to €139,164
of which Land and buildings: -€12,543
- Debts after one year -€16,537
down €16,537 (-22.2%), from €74,335 to €57,798
- Reserves +€9,898
up €9,898 (+4.3%), from €229,384 to €239,282
- Other debts -€4,253
down €4,253 (-32.6%), from €13,040 to €8,787
- Gross operating margin -€55,130
down €55,130 (-62.5%), from €88,181 to €33,051
- Taxes -€17,210
down €17,210 (-78.8%), from €21,848 to €4,638
- Staff costs -€5,868
down €5,868 (-100%), from €5,868 to €0
- Financial income +€1,777
up €1,777 (+169%), from €1,054 to €2,831
- Depreciation -€1,224
down €1,224 (-7.5%), from €16,312 to €15,088
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 | €357,777 | €344,622 | -€13,155 | -3.7% |
| Fixed assets | 21/28 | €143,802 | €139,164 | -€4,638 | -3.2% |
| Tangible fixed assets | 22/27 | €143,802 | €139,164 | -€4,638 | -3.2% |
| Land and buildings | 22 | €140,539 | €127,996 | -€12,543 | -8.9% |
| Furniture and vehicles | 24 | €3,263 | €11,168 | +€7,905 | +242% |
| Current assets | 29/58 | €213,975 | €205,459 | -€8,517 | -4.0% |
| Amounts receivable after more than one year | 29 | €115,000 | €70,000 | -€45,000 | -39.1% |
| Other amounts receivable | 291 | €115,000 | €70,000 | -€45,000 | -39.1% |
| Stocks and contracts in progress | 3 | €15,241 | €8,960 | -€6,281 | -41.2% |
| Stocks | 30/36 | €15,241 | €8,960 | -€6,281 | -41.2% |
| Amounts receivable within one year | 40/41 | €725 | €20,869 | +€20,144 | +2,778% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €725 | €20,869 | +€20,144 | +2,778% |
| Cash at bank and in hand | 54/58 | €82,179 | €104,897 | +€22,718 | +27.6% |
| Deferred charges and accrued income | 490/1 | €830 | €733 | -€97 | -11.7% |
| Total equity and liabilities | 10/49 | €357,777 | €344,622 | -€13,155 | -3.7% |
| Equity | 10/15 | €247,984 | €257,882 | +€9,898 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,384 | €239,282 | +€9,898 | +4.3% |
| Distributable reserves | 133 | €229,384 | €239,282 | +€9,898 | +4.3% |
| Amounts payable | 17/49 | €109,794 | €86,740 | -€23,053 | -21.0% |
| Amounts payable after more than one year | 17 | €74,335 | €57,798 | -€16,537 | -22.2% |
| Financial debts | 170/4 | €74,335 | €57,798 | -€16,537 | -22.2% |
| Amounts payable within one year | 42/48 | €35,459 | €28,943 | -€6,516 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €16,181 | €16,537 | +€356 | +2.2% |
| Trade debts | 44 | €3,007 | €2,118 | -€889 | -29.6% |
| Suppliers | 440/4 | €3,007 | €2,118 | -€889 | -29.6% |
| Taxes, remuneration and social security | 45 | €3,230 | €1,500 | -€1,730 | -53.6% |
| Taxes | 450/3 | €3,230 | €1,500 | -€1,730 | -53.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,040 | €8,787 | -€4,253 | -32.6% |
| Remuneration, social security and pensions | 62 | €5,868 | €0 | -€5,868 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,312 | €15,088 | -€1,224 | -7.5% |
| Other operating charges | 640/8 | €3,684 | €4,139 | +€455 | +12.4% |
| Gross operating margin | 9900 | €88,181 | €33,051 | -€55,130 | -62.5% |
| Operating profit (loss) | 9901 | €62,317 | €13,823 | -€48,493 | -77.8% |
| Financial income | 75/76B | €1,054 | €2,831 | +€1,777 | +169% |
| Recurring financial income | 75 | €1,054 | €2,831 | +€1,777 | +169% |
| Financial charges | 65/66B | €2,739 | €2,119 | -€620 | -22.6% |
| Recurring financial charges | 65 | €2,739 | €2,119 | -€620 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €60,632 | €14,536 | -€46,096 | -76.0% |
| Income taxes | 67/77 | €21,848 | €4,638 | -€17,210 | -78.8% |
| Profit (loss) for the period | 9904 | €38,784 | €9,898 | -€28,886 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,784 | €9,898 | -€28,886 | -74.5% |
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 21 October 2026 via checked.be.