SILT: 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.
SILT
Largest movements
- Tangible fixed assets +€136,701
up €136,701 (+2,524%), from €5,415 to €142,116
of which Plant, machinery and equipment: +€82,082
- Cash +€19,654
up €19,654 (+208%), from €9,459 to €29,113
mainly Debts after one year (+€117,194) and Other debts (+€71,000)
- Receivables within one year -€10,858
down €10,858 (-18.1%), from €60,110 to €49,252
of which Trade receivables: -€43,877
- Stocks and contracts +€6,764
up €6,764 (+9.1%), from €73,978 to €80,742
- Debts after one year +€117,194
new in 2025: €117,194
- Profit (loss) carried forward -€99,225
down €99,225, from €1,102 to -€98,123
- Other debts +€71,000
up €71,000 (+203%), from €35,000 to €106,000
- Current portion of long-term debt +€33,605
new in 2025: €33,605
- Trade debts +€22,244
up €22,244 (+25.8%), from €86,299 to €108,543
- Gross operating margin -€94,203
down €94,203, from €71,072 to -€23,131
- Staff costs +€38,553
up €38,553 (+139%), from €27,660 to €66,214
- Depreciation +€5,178
up €5,178 (+378%), from €1,372 to €6,550
- Financial charges +€1,698
up €1,698 (+270%), from €630 to €2,327
- Other operating charges +€897
up €897 (+712%), from €126 to €1,023
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 | €148,962 | €302,266 | +€153,304 | +103% |
| Fixed assets | 21/28 | €5,415 | €142,116 | +€136,701 | +2,524% |
| Tangible fixed assets | 22/27 | €5,415 | €142,116 | +€136,701 | +2,524% |
| Plant, machinery and equipment | 23 | - | €82,082 | +€82,082 | |
| Furniture and vehicles | 24 | €3,124 | €2,052 | -€1,072 | -34.3% |
| Leasing and similar rights | 25 | - | €50,700 | +€50,700 | |
| Other tangible fixed assets | 26 | €2,292 | €7,281 | +€4,990 | +218% |
| Current assets | 29/58 | €143,547 | €160,150 | +€16,603 | +11.6% |
| Stocks and contracts in progress | 3 | €73,978 | €80,742 | +€6,764 | +9.1% |
| Stocks | 30/36 | €73,978 | €80,742 | +€6,764 | +9.1% |
| Amounts receivable within one year | 40/41 | €60,110 | €49,252 | -€10,858 | -18.1% |
| Trade receivables | 40 | €59,438 | €15,562 | -€43,877 | -73.8% |
| Other amounts receivable | 41 | €672 | €33,691 | +€33,019 | +4,917% |
| Cash at bank and in hand | 54/58 | €9,459 | €29,113 | +€19,654 | +208% |
| Deferred charges and accrued income | 490/1 | - | €1,044 | +€1,044 | |
| Total equity and liabilities | 10/49 | €148,962 | €302,266 | +€153,304 | +103% |
| Equity | 10/15 | €11,102 | -€88,123 | -€99,225 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,102 | -€98,123 | -€99,225 | |
| Amounts payable | 17/49 | €137,861 | €390,389 | +€252,529 | +183% |
| Amounts payable after more than one year | 17 | - | €117,194 | +€117,194 | |
| Financial debts | 170/4 | - | €117,194 | +€117,194 | |
| Amounts payable within one year | 42/48 | €137,861 | €273,196 | +€135,335 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | - | €33,605 | +€33,605 | |
| Financial debts | 43 | - | €2,159 | +€2,159 | |
| Credit institutions | 430/8 | - | €2,159 | +€2,159 | |
| Trade debts | 44 | €86,299 | €108,543 | +€22,244 | +25.8% |
| Suppliers | 440/4 | €86,299 | €108,543 | +€22,244 | +25.8% |
| Advances received on contracts in progress | 46 | €0 | €12,773 | +€12,773 | |
| Taxes, remuneration and social security | 45 | €16,562 | €10,116 | -€6,446 | -38.9% |
| Taxes | 450/3 | €10,497 | €1,981 | -€8,516 | -81.1% |
| Remuneration and social security | 454/9 | €6,065 | €8,135 | +€2,070 | +34.1% |
| Other amounts payable | 47/48 | €35,000 | €106,000 | +€71,000 | +203% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,660 | €66,214 | +€38,553 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €6,550 | +€5,178 | +378% |
| Other operating charges | 640/8 | €126 | €1,023 | +€897 | +712% |
| Gross operating margin | 9900 | €71,072 | -€23,131 | -€94,203 | |
| Operating profit (loss) | 9901 | €41,914 | -€96,918 | -€138,832 | |
| Financial income | 75/76B | €3 | €20 | +€16 | +475% |
| Recurring financial income | 75 | €3 | €20 | +€16 | +475% |
| Financial charges | 65/66B | €630 | €2,327 | +€1,698 | +270% |
| Recurring financial charges | 65 | €630 | €2,327 | +€1,698 | +270% |
| Profit (loss) for the period before taxes | 9903 | €41,288 | -€99,225 | -€140,513 | |
| Income taxes | 67/77 | €443 | €0 | -€443 | -100% |
| Profit (loss) for the period | 9904 | €40,845 | -€99,225 | -€140,070 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,845 | -€99,225 | -€140,070 |
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 17 October 2026 via checked.be.