SILTO - PROJECTS: 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.
SILTO - PROJECTS
Largest movements
- Receivables within one year -€22,814
down €22,814 (-93.6%), from €24,383 to €1,569
of which Other amounts receivable: -€22,814
- Tangible fixed assets -€13,118
down €13,118 (-8.0%), from €164,856 to €151,737
of which Land and buildings: -€10,817
- Cash -€12,635
down €12,635 (-12.4%), from €102,139 to €89,504
mainly Debts after one year (-€21,140) and Current portion of long-term debt (-€12,458)
- Debts after one year -€21,140
down €21,140 (-100.0%), from €21,140 to €0
- Current portion of long-term debt -€12,458
down €12,458 (-100.0%), from €12,458 to €0
- Profit (loss) carried forward -€11,198
down €11,198 (-4.4%), from €252,584 to €241,386
- Staff costs -€64,835
down €64,835 (-82.7%), from €78,402 to €13,568
- Gross operating margin -€24,444
down €24,444 (-45.9%), from €53,224 to €28,780
- Taxes +€11,396
new in 2025: €11,396
- Depreciation -€1,477
down €1,477 (-10.1%), from €14,596 to €13,118
- Financial income +€897
up €897 (+538.8%), from €167 to €1,064
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 | €342,253 | €293,686 | -€48,567 | -14.2% |
| Fixed assets | 21/28 | €165,732 | €152,613 | -€13,118 | -7.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €164,856 | €151,737 | -€13,118 | -8.0% |
| Land and buildings | 22 | €160,176 | €149,360 | -€10,817 | -6.8% |
| Plant, machinery and equipment | 23 | €753 | €0 | -€753 | -100.0% |
| Furniture and vehicles | 24 | €3,926 | €2,378 | -€1,549 | -39.4% |
| Financial fixed assets | 28 | €876 | €876 | = | 0.0% |
| Current assets | 29/58 | €176,521 | €141,073 | -€35,448 | -20.1% |
| Amounts receivable within one year | 40/41 | €24,383 | €1,569 | -€22,814 | -93.6% |
| Trade receivables | 40 | €1,165 | €1,165 | = | 0.0% |
| Other amounts receivable | 41 | €23,218 | €404 | -€22,814 | -98.3% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,139 | €89,504 | -€12,635 | -12.4% |
| Total equity and liabilities | 10/49 | €342,253 | €293,686 | -€48,567 | -14.2% |
| Equity | 10/15 | €299,005 | €287,807 | -€11,198 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,821 | €27,821 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,857 | €10,857 | = | 0.0% |
| Distributable reserves | 133 | €16,964 | €16,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,584 | €241,386 | -€11,198 | -4.4% |
| Amounts payable | 17/49 | €43,248 | €5,879 | -€37,369 | -86.4% |
| Amounts payable after more than one year | 17 | €21,140 | €0 | -€21,140 | -100.0% |
| Financial debts | 170/4 | €21,140 | €0 | -€21,140 | -100.0% |
| Amounts payable within one year | 42/48 | €22,108 | €5,879 | -€16,228 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €12,458 | €0 | -€12,458 | -100.0% |
| Trade debts | 44 | €6,913 | €5,377 | -€1,536 | -22.2% |
| Suppliers | 440/4 | €6,913 | €5,377 | -€1,536 | -22.2% |
| Taxes, remuneration and social security | 45 | €2,737 | €76 | -€2,660 | -97.2% |
| Remuneration and social security | 454/9 | €2,737 | €76 | -€2,660 | -97.2% |
| Other amounts payable | 47/48 | - | €426 | +€426 | |
| Non-recurring operating income | 76A | €1,393 | €12,400 | +€11,007 | +790.4% |
| Remuneration, social security and pensions | 62 | €78,402 | €13,568 | -€64,835 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,596 | €13,118 | -€1,477 | -10.1% |
| Other operating charges | 640/8 | €2,091 | €2,048 | -€43 | -2.1% |
| Gross operating margin | 9900 | €53,224 | €28,780 | -€24,444 | -45.9% |
| Operating profit (loss) | 9901 | -€41,865 | €46 | +€41,911 | |
| Financial income | 75/76B | €167 | €1,064 | +€897 | +538.8% |
| Recurring financial income | 75 | €167 | €1,064 | +€897 | +538.8% |
| Financial charges | 65/66B | €856 | €912 | +€57 | +6.6% |
| Recurring financial charges | 65 | €856 | €912 | +€57 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,554 | €197 | +€42,752 | |
| Income taxes | 67/77 | - | €11,396 | +€11,396 | |
| Profit (loss) for the period | 9904 | -€42,554 | -€11,198 | +€31,356 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,554 | -€11,198 | +€31,356 | +73.7% |
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 10 October 2026 via checked.be.