SILUNA: 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.
SILUNA
Largest movements
- Tangible fixed assets +€124,804
up €124,804 (+44.7%), from €279,205 to €404,009
of which Land and buildings: +€140,504
- Current investments +€47,181
up €47,181 (+78.1%), from €60,430 to €107,610
- Receivables within one year -€31,223
no longer reported in 2025 (was €31,223)
- Deferred charges and accrued income +€9,932
up €9,932 (+10.9%), from €90,757 to €100,689
- Debts after one year +€86,676
up €86,676 (+51.9%), from €166,911 to €253,587
of which Financial debts: +€96,676
- Reserves +€63,409
up €63,409 (+24.1%), from €262,587 to €325,996
- Other debts +€40,939
up €40,939 (+585.3%), from €6,995 to €47,934
- Trade debts -€37,918
down €37,918 (-87.9%), from €43,119 to €5,201
- Gross operating margin +€30,941
up €30,941 (+28.6%), from €108,369 to €139,311
- Depreciation +€18,207
up €18,207 (+123.1%), from €14,795 to €33,002
- Taxes +€3,806
up €3,806 (+13.2%), from €28,816 to €32,623
- Financial charges +€3,688
up €3,688 (+90.7%), from €4,065 to €7,753
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 | €687,498 | €840,112 | +€152,613 | +22.2% |
| Fixed assets | 21/28 | €496,788 | €621,592 | +€124,804 | +25.1% |
| Tangible fixed assets | 22/27 | €279,205 | €404,009 | +€124,804 | +44.7% |
| Land and buildings | 22 | €223,570 | €364,074 | +€140,504 | +62.8% |
| Furniture and vehicles | 24 | €55,635 | €39,935 | -€15,700 | -28.2% |
| Financial fixed assets | 28 | €217,583 | €217,583 | = | 0.0% |
| Current assets | 29/58 | €190,710 | €218,519 | +€27,809 | +14.6% |
| Amounts receivable within one year | 40/41 | €31,223 | - | -€31,223 | |
| Other amounts receivable | 41 | €31,223 | - | -€31,223 | |
| Current investments | 50/53 | €60,430 | €107,610 | +€47,181 | +78.1% |
| Cash at bank and in hand | 54/58 | €8,301 | €10,220 | +€1,919 | +23.1% |
| Deferred charges and accrued income | 490/1 | €90,757 | €100,689 | +€9,932 | +10.9% |
| Total equity and liabilities | 10/49 | €687,498 | €840,112 | +€152,613 | +22.2% |
| Equity | 10/15 | €431,793 | €495,201 | +€63,409 | +14.7% |
| Contributions | 10/11 | €169,126 | €169,126 | = | 0.0% |
| Reserves | 13 | €262,587 | €325,996 | +€63,409 | +24.1% |
| Distributable reserves | 133 | €262,587 | €325,996 | +€63,409 | +24.1% |
| Profit (loss) carried forward | 14 | €79 | €79 | = | 0.0% |
| Amounts payable | 17/49 | €255,706 | €344,910 | +€89,204 | +34.9% |
| Amounts payable after more than one year | 17 | €166,911 | €253,587 | +€86,676 | +51.9% |
| Financial debts | 170/4 | €76,911 | €173,587 | +€96,676 | +125.7% |
| Other amounts payable | 178/9 | €90,000 | €80,000 | -€10,000 | -11.1% |
| Amounts payable within one year | 42/48 | €88,540 | €91,068 | +€2,528 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €37,926 | €35,368 | -€2,558 | -6.7% |
| Trade debts | 44 | €43,119 | €5,201 | -€37,918 | -87.9% |
| Suppliers | 440/4 | €43,119 | €5,201 | -€37,918 | -87.9% |
| Taxes, remuneration and social security | 45 | €500 | €2,565 | +€2,065 | +412.7% |
| Taxes | 450/3 | €500 | €2,565 | +€2,065 | +412.7% |
| Other amounts payable | 47/48 | €6,995 | €47,934 | +€40,939 | +585.3% |
| Accrued charges and deferred income | 492/3 | €255 | €255 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,795 | €33,002 | +€18,207 | +123.1% |
| Other operating charges | 640/8 | €2,814 | €2,795 | -€19 | -0.7% |
| Gross operating margin | 9900 | €108,369 | €139,311 | +€30,941 | +28.6% |
| Operating profit (loss) | 9901 | €90,760 | €103,513 | +€12,753 | +14.1% |
| Financial income | 75/76B | €112 | €271 | +€159 | +142.3% |
| Recurring financial income | 75 | €112 | €271 | +€159 | +142.3% |
| Financial charges | 65/66B | €4,065 | €7,753 | +€3,688 | +90.7% |
| Recurring financial charges | 65 | €4,065 | €7,753 | +€3,688 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €86,808 | €96,031 | +€9,224 | +10.6% |
| Income taxes | 67/77 | €28,816 | €32,623 | +€3,806 | +13.2% |
| Profit (loss) for the period | 9904 | €57,991 | €63,409 | +€5,417 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,991 | €63,409 | +€5,417 | +9.3% |
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 10 October 2026 via checked.be.