SILENCE: 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.
SILENCE
Largest movements
- Receivables within one year -€13,651
down €13,651 (-72.3%), from €18,880 to €5,229
of which Other amounts receivable: -€17,663
- Cash -€6,799
down €6,799 (-60.0%), from €11,325 to €4,526
mainly Net result for the year (-€27,451) and Deferred charges and accrued income (-€503)
- Tangible fixed assets -€2,754
down €2,754 (-21.7%), from €12,667 to €9,913
of which Other tangible fixed assets: -€1,699
- Deferred charges and accrued income +€503
up €503 (+170%), from €295 to €798
- Profit (loss) carried forward -€27,451
down €27,451 (-18.2%), from -€151,094 to -€178,545
- Other debts +€3,909
up €3,909 (+15.5%), from €25,170 to €29,079
- Trade debts +€941
up €941 (+3,486%), from €27 to €968
- Gross operating margin -€2,536
down €2,536 (-12.6%), from -€20,159 to -€22,695
- Other operating charges +€1,174
up €1,174 (+231%), from €508 to €1,682
- Depreciation -€1,051
down €1,051 (-27.6%), from €3,804 to €2,753
- Financial charges -€234
down €234 (-42.2%), from €556 to €322
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 | €43,167 | €20,466 | -€22,701 | -52.6% |
| Fixed assets | 21/28 | €12,667 | €9,913 | -€2,754 | -21.7% |
| Tangible fixed assets | 22/27 | €12,667 | €9,913 | -€2,754 | -21.7% |
| Leasing and similar rights | 25 | €2,394 | €1,339 | -€1,055 | -44.0% |
| Other tangible fixed assets | 26 | €10,273 | €8,574 | -€1,699 | -16.5% |
| Current assets | 29/58 | €30,500 | €10,553 | -€19,947 | -65.4% |
| Amounts receivable within one year | 40/41 | €18,880 | €5,229 | -€13,651 | -72.3% |
| Trade receivables | 40 | - | €4,011 | +€4,011 | |
| Other amounts receivable | 41 | €18,880 | €1,217 | -€17,663 | -93.6% |
| Cash at bank and in hand | 54/58 | €11,325 | €4,526 | -€6,799 | -60.0% |
| Deferred charges and accrued income | 490/1 | €295 | €798 | +€503 | +170% |
| Total equity and liabilities | 10/49 | €43,167 | €20,466 | -€22,701 | -52.6% |
| Equity | 10/15 | €17,870 | -€9,581 | -€27,451 | |
| Contributions | 10/11 | €168,592 | €168,592 | +€0 | 0.0% |
| Reserves | 13 | €372 | €372 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €372 | €372 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €372 | €372 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€151,094 | -€178,545 | -€27,451 | -18.2% |
| Amounts payable | 17/49 | €25,297 | €30,047 | +€4,750 | +18.8% |
| Amounts payable within one year | 42/48 | €25,297 | €30,047 | +€4,750 | +18.8% |
| Trade debts | 44 | €27 | €968 | +€941 | +3,486% |
| Suppliers | 440/4 | €27 | €968 | +€941 | +3,486% |
| Taxes, remuneration and social security | 45 | €100 | €0 | -€100 | -100% |
| Remuneration and social security | 454/9 | €100 | €0 | -€100 | -100% |
| Other amounts payable | 47/48 | €25,170 | €29,079 | +€3,909 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €2,753 | -€1,051 | -27.6% |
| Other operating charges | 640/8 | €508 | €1,682 | +€1,174 | +231% |
| Gross operating margin | 9900 | -€20,159 | -€22,695 | -€2,536 | -12.6% |
| Operating profit (loss) | 9901 | -€24,471 | -€27,130 | -€2,659 | -10.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €556 | €322 | -€234 | -42.2% |
| Recurring financial charges | 65 | €556 | €322 | -€234 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,027 | -€27,451 | -€2,424 | -9.7% |
| Profit (loss) for the period | 9904 | -€25,027 | -€27,451 | -€2,424 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,027 | -€27,451 | -€2,424 | -9.7% |
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 24 October 2026 via checked.be.