IMMO SILVA: what changed
Two fiscal 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.
IMMO SILVA
Largest movements
- Cash +€505,016
up €505,016 (+59855.8%), from €844 to €505,859
mainly Net result for the year (+€451,170) and Provisions (+€166,125)
- Tangible fixed assets -€135,500
no longer reported in 2025 (was €135,500)
of which Land and buildings: -€135,500
- Receivables within one year +€85,000
new in 2025: €85,000
- Reserves +€498,375
up €498,375 (+26805.9%), from €1,859 to €500,234
of which Tax-exempt reserves: +€498,375
- Provisions +€166,125
new in 2025: €166,125
- Debts after one year -€103,216
no longer reported in 2025 (was €103,216)
- Other debts -€51,942
down €51,942 (-82.3%), from €63,125 to €11,183
- Profit (loss) carried forward -€47,205
down €47,205 (-75.4%), from -€62,647 to -€109,851
- Gross operating margin +€625,493
up €625,493, from -€6,668 to €618,825
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 | €136,344 | €590,859 | +€454,515 | +333.4% |
| Fixed assets | 21/28 | €135,500 | - | -€135,500 | |
| Tangible fixed assets | 22/27 | €135,500 | - | -€135,500 | |
| Land and buildings | 22 | €135,500 | - | -€135,500 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €844 | €590,859 | +€590,015 | +69930.2% |
| Amounts receivable within one year | 40/41 | - | €85,000 | +€85,000 | |
| Other amounts receivable | 41 | - | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €844 | €505,859 | +€505,016 | +59855.8% |
| Total equity and liabilities | 10/49 | €136,344 | €590,859 | +€454,515 | +333.4% |
| Equity | 10/15 | -€42,196 | €408,975 | +€451,170 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €500,234 | +€498,375 | +26805.9% |
| Tax-exempt reserves | 132 | - | €498,375 | +€498,375 | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,647 | -€109,851 | -€47,205 | -75.4% |
| Provisions and deferred taxes | 16 | - | €166,125 | +€166,125 | |
| Deferred taxes | 168 | - | €166,125 | +€166,125 | |
| Amounts payable | 17/49 | €178,539 | €15,759 | -€162,780 | -91.2% |
| Amounts payable after more than one year | 17 | €103,216 | - | -€103,216 | |
| Financial debts | 170/4 | €103,216 | - | -€103,216 | |
| Amounts payable within one year | 42/48 | €75,323 | €15,759 | -€59,564 | -79.1% |
| Current portion of amounts payable after more than one year | 42 | €8,423 | - | -€8,423 | |
| Trade debts | 44 | €3,775 | €4,576 | +€800 | +21.2% |
| Suppliers | 440/4 | €3,775 | €4,576 | +€800 | +21.2% |
| Other amounts payable | 47/48 | €63,125 | €11,183 | -€51,942 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | - | -€4,500 | |
| Other operating charges | 640/8 | €1,373 | €557 | -€816 | -59.4% |
| Gross operating margin | 9900 | -€6,668 | €618,825 | +€625,493 | |
| Operating profit (loss) | 9901 | -€12,541 | €618,268 | +€630,808 | |
| Financial income | 75/76B | €0 | €1,641 | +€1,641 | +16412800.0% |
| Recurring financial income | 75 | €0 | €1,641 | +€1,641 | +16412800.0% |
| Financial charges | 65/66B | €3,743 | €2,613 | -€1,130 | -30.2% |
| Recurring financial charges | 65 | €3,743 | €2,613 | -€1,130 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,284 | €617,295 | +€633,579 | |
| Transfer to deferred taxes | 680 | - | €166,125 | +€166,125 | |
| Profit (loss) for the period | 9904 | -€16,284 | €451,170 | +€467,454 | |
| Transfer to tax-exempt reserves | 689 | - | €498,375 | +€498,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,284 | -€47,205 | -€30,921 | -189.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.