eTAIL Silk Road: what changed
eTAIL Silk Road
Largest movements
- Receivables within one year +€94,882
up €94,882 (+6.7%), from €1.4m to €1.5m
of which Trade receivables: +€250,247
- Trade debts -€420,746
down €420,746 (-33.7%), from €1.2m to €827,944
- Other debts +€235,993
up €235,993 (+22.9%), from €1.0m to €1.3m
- Short-term financial debts +€145,286
up €145,286 (+4,882%), from €2,976 to €148,262
of which Credit institutions: +€133,922
- Profit (loss) carried forward +€123,042
up €123,042 (+9.4%), from -€1.3m to -€1.2m
- Accrued charges and deferred income +€93,142
up €93,142 (+34.2%), from €272,309 to €365,451
- Gross operating margin +€364,907
up €364,907, from -€210,064 to €154,843
- Staff costs -€87,989
down €87,989, from €61,127 to -€26,862
- Financial charges -€31,103
down €31,103 (-44.0%), from €70,638 to €39,535
- Other operating charges +€15,034
up €15,034 (+364%), from €4,125 to €19,159
- Write-downs +€3,550
no longer reported in 2025 (was -€3,550)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,424,502 | €1,529,093 | +€104,591 | +7.3% |
| Current assets | 29/58 | €1,424,502 | €1,529,093 | +€104,591 | +7.3% |
| Amounts receivable within one year | 40/41 | €1,418,867 | €1,513,749 | +€94,882 | +6.7% |
| Trade receivables | 40 | €1,213,235 | €1,463,482 | +€250,247 | +20.6% |
| Other amounts receivable | 41 | €205,632 | €50,267 | -€155,365 | -75.6% |
| Cash at bank and in hand | 54/58 | - | €9,708 | +€9,708 | |
| Deferred charges and accrued income | 490/1 | €5,635 | €5,636 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €1,424,502 | €1,529,093 | +€104,591 | +7.3% |
| Equity | 10/15 | -€1,210,783 | -€1,087,741 | +€123,042 | +10.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,310,783 | -€1,187,741 | +€123,042 | +9.4% |
| Amounts payable | 17/49 | €2,635,285 | €2,616,834 | -€18,451 | -0.7% |
| Amounts payable within one year | 42/48 | €2,362,976 | €2,251,383 | -€111,593 | -4.7% |
| Financial debts | 43 | €2,976 | €148,262 | +€145,286 | +4,882% |
| Credit institutions | 430/8 | - | €133,922 | +€133,922 | |
| Other loans | 439 | €2,976 | €14,340 | +€11,364 | +382% |
| Trade debts | 44 | €1,248,690 | €827,944 | -€420,746 | -33.7% |
| Suppliers | 440/4 | €1,248,690 | €827,944 | -€420,746 | -33.7% |
| Advances received on contracts in progress | 46 | €51,300 | €3,789 | -€47,511 | -92.6% |
| Taxes, remuneration and social security | 45 | €28,997 | €4,382 | -€24,615 | -84.9% |
| Taxes | 450/3 | €50 | €4,382 | +€4,332 | +8,664% |
| Remuneration and social security | 454/9 | €28,947 | - | -€28,947 | |
| Other amounts payable | 47/48 | €1,031,013 | €1,267,006 | +€235,993 | +22.9% |
| Accrued charges and deferred income | 492/3 | €272,309 | €365,451 | +€93,142 | +34.2% |
| Remuneration, social security and pensions | 62 | €61,127 | -€26,862 | -€87,989 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,550 | - | +€3,550 | |
| Other operating charges | 640/8 | €4,125 | €19,159 | +€15,034 | +364% |
| Gross operating margin | 9900 | -€210,064 | €154,843 | +€364,907 | |
| Operating profit (loss) | 9901 | -€271,766 | €162,546 | +€434,312 | |
| Financial income | 75/76B | €98 | €31 | -€67 | -68.4% |
| Recurring financial income | 75 | €19 | €31 | +€12 | +63.2% |
| Non-recurring financial income | 76B | €79 | - | -€79 | |
| Financial charges | 65/66B | €70,638 | €39,535 | -€31,103 | -44.0% |
| Recurring financial charges | 65 | €70,638 | €39,535 | -€31,103 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€342,306 | €123,042 | +€465,348 | |
| Income taxes | 67/77 | €151 | - | -€151 | |
| Profit (loss) for the period | 9904 | -€342,457 | €123,042 | +€465,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€342,457 | €123,042 | +€465,499 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.