SILU: 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.
SILU
Largest movements
- Tangible fixed assets -€19,624
down €19,624 (-7.4%), from €264,563 to €244,939
of which Land and buildings: -€12,514
- Receivables within one year +€17,404
up €17,404 (+693%), from €2,510 to €19,914
- Cash +€7,796
up €7,796 (+501%), from €1,555 to €9,351
mainly Net result for the year (+€26,447) and Depreciation (+€20,495)
- Profit (loss) carried forward +€26,447
up €26,447 (+13.0%), from -€203,779 to -€177,331
- Current portion of long-term debt -€18,917
no longer reported in 2025 (was €18,917)
- Short-term financial debts -€4,673
no longer reported in 2025 (was €4,673)
- Gross operating margin +€68,472
up €68,472, from -€11,451 to €57,020
- Depreciation -€6,634
down €6,634 (-24.5%), from €27,129 to €20,495
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 | €340,520 | €346,714 | +€6,193 | +1.8% |
| Fixed assets | 21/28 | €266,298 | €246,174 | -€20,124 | -7.6% |
| Intangible fixed assets | 21 | €1,684 | €1,184 | -€500 | -29.7% |
| Tangible fixed assets | 22/27 | €264,563 | €244,939 | -€19,624 | -7.4% |
| Land and buildings | 22 | €245,572 | €233,058 | -€12,514 | -5.1% |
| Plant, machinery and equipment | 23 | €18,929 | €11,882 | -€7,048 | -37.2% |
| Furniture and vehicles | 24 | €62 | - | -€62 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €74,223 | €100,540 | +€26,317 | +35.5% |
| Stocks and contracts in progress | 3 | €70,158 | €70,056 | -€102 | -0.1% |
| Stocks | 30/36 | €70,158 | €70,056 | -€102 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,510 | €19,914 | +€17,404 | +693% |
| Trade receivables | 40 | €2,510 | €19,914 | +€17,404 | +693% |
| Cash at bank and in hand | 54/58 | €1,555 | €9,351 | +€7,796 | +501% |
| Deferred charges and accrued income | 490/1 | - | €1,220 | +€1,220 | |
| Total equity and liabilities | 10/49 | €340,520 | €346,714 | +€6,193 | +1.8% |
| Equity | 10/15 | -€131,600 | -€105,153 | +€26,447 | +20.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,179 | €71,179 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €71,079 | €71,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,779 | -€177,331 | +€26,447 | +13.0% |
| Amounts payable | 17/49 | €472,121 | €451,867 | -€20,254 | -4.3% |
| Amounts payable after more than one year | 17 | €225,031 | €225,031 | = | 0.0% |
| Financial debts | 170/4 | €225,031 | €225,031 | = | 0.0% |
| Amounts payable within one year | 42/48 | €247,090 | €226,836 | -€20,254 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €18,917 | - | -€18,917 | |
| Financial debts | 43 | €4,673 | - | -€4,673 | |
| Credit institutions | 430/8 | €4,673 | - | -€4,673 | |
| Trade debts | 44 | €25,186 | €26,900 | +€1,714 | +6.8% |
| Suppliers | 440/4 | €25,186 | €26,900 | +€1,714 | +6.8% |
| Taxes, remuneration and social security | 45 | €9,906 | €8,973 | -€933 | -9.4% |
| Taxes | 450/3 | €4,653 | €1,203 | -€3,450 | -74.1% |
| Remuneration and social security | 454/9 | €5,253 | €7,770 | +€2,516 | +47.9% |
| Other amounts payable | 47/48 | €188,407 | €190,963 | +€2,556 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,129 | €20,495 | -€6,634 | -24.5% |
| Other operating charges | 640/8 | €2,449 | €2,651 | +€202 | +8.2% |
| Gross operating margin | 9900 | -€11,451 | €57,020 | +€68,472 | |
| Operating profit (loss) | 9901 | -€41,029 | €33,874 | +€74,904 | |
| Financial income | 75/76B | €3 | €2 | -€2 | -50.2% |
| Recurring financial income | 75 | €3 | €2 | -€2 | -50.2% |
| Financial charges | 65/66B | €7,242 | €7,184 | -€58 | -0.8% |
| Recurring financial charges | 65 | €7,242 | €7,184 | -€58 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,268 | €26,692 | +€74,960 | |
| Income taxes | 67/77 | €237 | €244 | +€7 | +3.1% |
| Profit (loss) for the period | 9904 | -€48,505 | €26,447 | +€74,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,505 | €26,447 | +€74,952 |
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 30 October 2026 via checked.be.