Het Zilverleen: 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.
Het Zilverleen
Largest movements
- Receivables within one year -€198,725
down €198,725 (-36.8%), from €540,469 to €341,744
of which Other amounts receivable: -€284,091
- Stocks and contracts +€18,223
up €18,223 (+95.7%), from €19,039 to €37,262
- Profit (loss) carried forward -€111,804
down €111,804 (-14.9%), from -€748,014 to -€859,818
- Current portion of long-term debt -€37,500
down €37,500 (-57.7%), from €65,000 to €27,500
- Debts after one year -€27,500
down €27,500 (-19.3%), from €142,500 to €115,000
- Gross operating margin +€35,334
up €35,334 (+356%), from €9,927 to €45,260
- Staff costs -€28,089
down €28,089 (-27.5%), from €102,224 to €74,135
- Depreciation +€9,149
up €9,149 (+12.2%), from €74,922 to €84,072
- Financial income -€7,722
down €7,722 (-44.3%), from €17,424 to €9,703
- Financial charges -€1,620
down €1,620 (-37.2%), from €4,359 to €2,739
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,154,413 | €971,818 | -€182,595 | -15.8% |
| Fixed assets | 21/28 | €594,583 | €592,412 | -€2,172 | -0.4% |
| Tangible fixed assets | 22/27 | €594,523 | €592,352 | -€2,172 | -0.4% |
| Land and buildings | 22 | €380,611 | €367,962 | -€12,648 | -3.3% |
| Plant, machinery and equipment | 23 | €207,718 | €220,031 | +€12,313 | +5.9% |
| Furniture and vehicles | 24 | €6,194 | €4,358 | -€1,836 | -29.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €559,830 | €379,406 | -€180,423 | -32.2% |
| Stocks and contracts in progress | 3 | €19,039 | €37,262 | +€18,223 | +95.7% |
| Stocks | 30/36 | €19,039 | €37,262 | +€18,223 | +95.7% |
| Amounts receivable within one year | 40/41 | €540,469 | €341,744 | -€198,725 | -36.8% |
| Trade receivables | 40 | €12,308 | €97,674 | +€85,366 | +694% |
| Other amounts receivable | 41 | €528,161 | €244,070 | -€284,091 | -53.8% |
| Deferred charges and accrued income | 490/1 | €322 | €400 | +€79 | +24.4% |
| Total equity and liabilities | 10/49 | €1,154,413 | €971,818 | -€182,595 | -15.8% |
| Equity | 10/15 | €901,986 | €790,182 | -€111,804 | -12.4% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€748,014 | -€859,818 | -€111,804 | -14.9% |
| Amounts payable | 17/49 | €252,427 | €181,636 | -€70,791 | -28.0% |
| Amounts payable after more than one year | 17 | €142,500 | €115,000 | -€27,500 | -19.3% |
| Financial debts | 170/4 | €142,500 | €115,000 | -€27,500 | -19.3% |
| Amounts payable within one year | 42/48 | €105,715 | €61,391 | -€44,324 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €65,000 | €27,500 | -€37,500 | -57.7% |
| Trade debts | 44 | €35,399 | €25,363 | -€10,036 | -28.4% |
| Suppliers | 440/4 | €35,399 | €25,363 | -€10,036 | -28.4% |
| Taxes, remuneration and social security | 45 | €5,316 | €8,528 | +€3,212 | +60.4% |
| Taxes | 450/3 | €933 | €236 | -€696 | -74.7% |
| Remuneration and social security | 454/9 | €4,383 | €8,292 | +€3,909 | +89.2% |
| Accrued charges and deferred income | 492/3 | €4,213 | €5,245 | +€1,033 | +24.5% |
| Remuneration, social security and pensions | 62 | €102,224 | €74,135 | -€28,089 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,922 | €84,072 | +€9,149 | +12.2% |
| Other operating charges | 640/8 | €7,179 | €5,821 | -€1,358 | -18.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,927 | €45,260 | +€35,334 | +356% |
| Operating profit (loss) | 9901 | -€174,399 | -€118,767 | +€55,631 | +31.9% |
| Financial income | 75/76B | €17,424 | €9,703 | -€7,722 | -44.3% |
| Recurring financial income | 75 | €17,424 | €9,703 | -€7,722 | -44.3% |
| Financial charges | 65/66B | €4,359 | €2,739 | -€1,620 | -37.2% |
| Recurring financial charges | 65 | €4,359 | €2,739 | -€1,620 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€161,334 | -€111,804 | +€49,530 | +30.7% |
| Profit (loss) for the period | 9904 | -€161,334 | -€111,804 | +€49,530 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,334 | -€111,804 | +€49,530 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.