Silent Materials: 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.
Silent Materials
Largest movements
- Receivables within one year +€250,308
up €250,308 (+58.5%), from €427,935 to €678,243
of which Other amounts receivable: +€317,034
- Stocks and contracts +€179,049
up €179,049 (+74.4%), from €240,690 to €419,739
- Tangible fixed assets -€109,415
down €109,415 (-21.0%), from €521,606 to €412,191
of which Leasing and similar rights: -€64,102
- Cash -€30,829
down €30,829 (-17.2%), from €179,212 to €148,382
mainly Receivables within one year (-€250,308) and Contributions, distributions and other (-€200,000)
- Trade debts +€197,692
up €197,692 (+122.5%), from €161,421 to €359,112
- Reserves +€134,453
up €134,453 (+38.1%), from €352,624 to €487,077
- Debts after one year -€101,459
down €101,459 (-24.7%), from €410,977 to €309,518
of which Financial debts: -€101,459
- Short-term financial debts +€100,000
up €100,000, from €0 to €100,000
- Tax, wage and social debts -€46,781
down €46,781 (-90.3%), from €51,793 to €5,012
of which Taxes: -€44,574
- Staff costs -€53,284
down €53,284 (-35.1%), from €151,704 to €98,421
- Taxes +€21,920
up €21,920 (+81.8%), from €26,812 to €48,732
- Financial charges -€17,621
down €17,621 (-26.5%), from €66,517 to €48,896
- Gross operating margin +€13,451
up €13,451 (+2.2%), from €602,685 to €616,136
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 | €1,405,397 | €1,683,089 | +€277,692 | +19.8% |
| Fixed assets | 21/28 | €527,562 | €417,151 | -€110,412 | -20.9% |
| Intangible fixed assets | 21 | €996 | €0 | -€996 | -100.0% |
| Tangible fixed assets | 22/27 | €521,606 | €412,191 | -€109,415 | -21.0% |
| Plant, machinery and equipment | 23 | €62,755 | €61,990 | -€766 | -1.2% |
| Furniture and vehicles | 24 | €80,838 | €36,617 | -€44,221 | -54.7% |
| Leasing and similar rights | 25 | €377,686 | €313,584 | -€64,102 | -17.0% |
| Other tangible fixed assets | 26 | €327 | €0 | -€327 | -100.0% |
| Financial fixed assets | 28 | €4,960 | €4,960 | = | 0.0% |
| Current assets | 29/58 | €877,834 | €1,265,938 | +€388,103 | +44.2% |
| Stocks and contracts in progress | 3 | €240,690 | €419,739 | +€179,049 | +74.4% |
| Stocks | 30/36 | €240,690 | €419,739 | +€179,049 | +74.4% |
| Amounts receivable within one year | 40/41 | €427,935 | €678,243 | +€250,308 | +58.5% |
| Trade receivables | 40 | €398,098 | €331,373 | -€66,726 | -16.8% |
| Other amounts receivable | 41 | €29,837 | €346,871 | +€317,034 | +1062.6% |
| Cash at bank and in hand | 54/58 | €179,212 | €148,382 | -€30,829 | -17.2% |
| Deferred charges and accrued income | 490/1 | €29,998 | €19,573 | -€10,425 | -34.8% |
| Total equity and liabilities | 10/49 | €1,405,397 | €1,683,089 | +€277,692 | +19.8% |
| Equity | 10/15 | €371,224 | €505,677 | +€134,453 | +36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,624 | €487,077 | +€134,453 | +38.1% |
| Distributable reserves | 133 | €352,624 | €487,077 | +€134,453 | +38.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,034,173 | €1,177,412 | +€143,239 | +13.9% |
| Amounts payable after more than one year | 17 | €410,977 | €309,518 | -€101,459 | -24.7% |
| Financial debts | 170/4 | €360,977 | €259,518 | -€101,459 | -28.1% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €621,120 | €866,084 | +€244,964 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €107,581 | €99,256 | -€8,325 | -7.7% |
| Financial debts | 43 | €0 | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | €0 | €100,000 | +€100,000 | |
| Trade debts | 44 | €161,421 | €359,112 | +€197,692 | +122.5% |
| Suppliers | 440/4 | €161,421 | €359,112 | +€197,692 | +122.5% |
| Taxes, remuneration and social security | 45 | €51,793 | €5,012 | -€46,781 | -90.3% |
| Taxes | 450/3 | €44,574 | €0 | -€44,574 | -100.0% |
| Remuneration and social security | 454/9 | €7,219 | €5,012 | -€2,207 | -30.6% |
| Other amounts payable | 47/48 | €300,325 | €302,703 | +€2,379 | +0.8% |
| Accrued charges and deferred income | 492/3 | €2,076 | €1,810 | -€267 | -12.8% |
| Non-recurring operating income | 76A | €1,199 | €0 | -€1,199 | -100.0% |
| Remuneration, social security and pensions | 62 | €151,704 | €98,421 | -€53,284 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,610 | €105,089 | +€4,479 | +4.5% |
| Other operating charges | 640/8 | €16,576 | €19,498 | +€2,922 | +17.6% |
| Non-recurring operating charges | 66A | €8,074 | €5,441 | -€2,633 | -32.6% |
| Gross operating margin | 9900 | €602,685 | €616,136 | +€13,451 | +2.2% |
| Operating profit (loss) | 9901 | €325,721 | €387,687 | +€61,966 | +19.0% |
| Financial income | 75/76B | €42,486 | €44,394 | +€1,908 | +4.5% |
| Recurring financial income | 75 | €42,486 | €44,394 | +€1,908 | +4.5% |
| Financial charges | 65/66B | €66,517 | €48,896 | -€17,621 | -26.5% |
| Recurring financial charges | 65 | €66,517 | €48,896 | -€17,621 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €301,690 | €383,185 | +€81,495 | +27.0% |
| Income taxes | 67/77 | €26,812 | €48,732 | +€21,920 | +81.8% |
| Profit (loss) for the period | 9904 | €274,879 | €334,453 | +€59,574 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €274,879 | €334,453 | +€59,574 | +21.7% |
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 9 October 2026 via checked.be.