SILENT RUNNING: 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.
SILENT RUNNING
Largest movements
- Tangible fixed assets -€5,339
down €5,339 (-61.1%), from €8,732 to €3,393
- Cash -€3,514
down €3,514 (-71.0%), from €4,951 to €1,437
mainly Net result for the year (-€21,826) and Current portion of long-term debt (-€3,401)
- Receivables within one year +€919
up €919 (+195.1%), from €471 to €1,391
of which Trade receivables: +€936
- Profit (loss) carried forward -€21,826
down €21,826 (-17.5%), from -€125,046 to -€146,872
- Other debts +€19,859
up €19,859 (+109.8%), from €18,081 to €37,939
- Current portion of long-term debt -€3,401
no longer reported in 2025 (was €3,401)
- Trade debts -€3,326
down €3,326 (-68.0%), from €4,889 to €1,563
- Accrued charges and deferred income +€914
up €914 (+1699.8%), from €54 to €968
- Gross operating margin -€1,971
down €1,971 (-15.5%), from -€12,727 to -€14,697
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 | €17,161 | €9,153 | -€8,008 | -46.7% |
| Fixed assets | 21/28 | €9,482 | €4,143 | -€5,339 | -56.3% |
| Tangible fixed assets | 22/27 | €8,732 | €3,393 | -€5,339 | -61.1% |
| Furniture and vehicles | 24 | €8,732 | €3,393 | -€5,339 | -61.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €7,679 | €5,010 | -€2,669 | -34.8% |
| Amounts receivable within one year | 40/41 | €471 | €1,391 | +€919 | +195.1% |
| Trade receivables | 40 | €160 | €1,097 | +€936 | +584.0% |
| Other amounts receivable | 41 | €311 | €294 | -€17 | -5.4% |
| Cash at bank and in hand | 54/58 | €4,951 | €1,437 | -€3,514 | -71.0% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,182 | -€75 | -3.3% |
| Total equity and liabilities | 10/49 | €17,161 | €9,153 | -€8,008 | -46.7% |
| Equity | 10/15 | -€9,981 | -€31,807 | -€21,826 | -218.7% |
| Contributions | 10/11 | €115,065 | €115,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,046 | -€146,872 | -€21,826 | -17.5% |
| Amounts payable | 17/49 | €27,142 | €40,960 | +€13,819 | +50.9% |
| Amounts payable within one year | 42/48 | €27,088 | €39,993 | +€12,905 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €3,401 | - | -€3,401 | |
| Trade debts | 44 | €4,889 | €1,563 | -€3,326 | -68.0% |
| Suppliers | 440/4 | €4,889 | €1,563 | -€3,326 | -68.0% |
| Taxes, remuneration and social security | 45 | €717 | €490 | -€228 | -31.7% |
| Taxes | 450/3 | €717 | €490 | -€228 | -31.7% |
| Other amounts payable | 47/48 | €18,081 | €37,939 | +€19,859 | +109.8% |
| Accrued charges and deferred income | 492/3 | €54 | €968 | +€914 | +1699.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €5,339 | -€129 | -2.4% |
| Other operating charges | 640/8 | €676 | €718 | +€42 | +6.2% |
| Gross operating margin | 9900 | -€12,727 | -€14,697 | -€1,971 | -15.5% |
| Operating profit (loss) | 9901 | -€18,870 | -€20,754 | -€1,884 | -10.0% |
| Financial charges | 65/66B | €694 | €839 | +€145 | +20.9% |
| Recurring financial charges | 65 | €694 | €839 | +€145 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,564 | -€21,594 | -€2,029 | -10.4% |
| Income taxes | 67/77 | €257 | €233 | -€24 | -9.4% |
| Profit (loss) for the period | 9904 | -€19,821 | -€21,826 | -€2,005 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,821 | -€21,826 | -€2,005 | -10.1% |
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 9 October 2026 via checked.be.