SILENT STAR: 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 STAR
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€16,239
down €16,239 (-6.9%), from €235,710 to €219,471
mainly Contributions, distributions and other (-€232,480) and Current investments (-€100,000)
- Tangible fixed assets -€5,731
down €5,731 (-29.2%), from €19,614 to €13,883
of which Furniture and vehicles: -€7,501
- Receivables within one year +€4,721
up €4,721 (+22.2%), from €21,277 to €25,997
of which Trade receivables: +€8,179
- Other debts +€153,241
new in 2025: €153,241
- Reserves -€80,200
down €80,200 (-27.9%), from €287,252 to €207,052
- Tax, wage and social debts +€10,767
up €10,767 (+67.8%), from €15,889 to €26,656
of which Taxes: +€7,767
- Gross operating margin +€101,172
up €101,172 (+93.4%), from €108,359 to €209,531
- Taxes +€23,979
up €23,979 (+101.9%), from €23,542 to €47,521
- Depreciation +€4,622
up €4,622 (+160.0%), from €2,889 to €7,511
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 | €305,428 | €389,076 | +€83,648 | +27.4% |
| Fixed assets | 21/28 | €19,614 | €13,883 | -€5,731 | -29.2% |
| Tangible fixed assets | 22/27 | €19,614 | €13,883 | -€5,731 | -29.2% |
| Furniture and vehicles | 24 | €19,614 | €12,113 | -€7,501 | -38.2% |
| Other tangible fixed assets | 26 | - | €1,770 | +€1,770 | |
| Current assets | 29/58 | €285,815 | €375,193 | +€89,378 | +31.3% |
| Amounts receivable after more than one year | 29 | €28,475 | €28,475 | = | 0.0% |
| Other amounts receivable | 291 | €28,475 | €28,475 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,277 | €25,997 | +€4,721 | +22.2% |
| Trade receivables | 40 | €17,751 | €25,930 | +€8,179 | +46.1% |
| Other amounts receivable | 41 | €3,525 | €68 | -€3,458 | -98.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €235,710 | €219,471 | -€16,239 | -6.9% |
| Deferred charges and accrued income | 490/1 | €353 | €1,250 | +€897 | +254.3% |
| Total equity and liabilities | 10/49 | €305,428 | €389,076 | +€83,648 | +27.4% |
| Equity | 10/15 | €287,352 | €207,152 | -€80,200 | -27.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €287,252 | €207,052 | -€80,200 | -27.9% |
| Distributable reserves | 133 | €287,252 | €207,052 | -€80,200 | -27.9% |
| Amounts payable | 17/49 | €18,076 | €181,924 | +€163,848 | +906.4% |
| Amounts payable within one year | 42/48 | €17,689 | €181,924 | +€164,235 | +928.5% |
| Trade debts | 44 | €1,800 | €2,026 | +€226 | +12.6% |
| Suppliers | 440/4 | €1,800 | €2,026 | +€226 | +12.6% |
| Taxes, remuneration and social security | 45 | €15,889 | €26,656 | +€10,767 | +67.8% |
| Taxes | 450/3 | €15,889 | €23,656 | +€7,767 | +48.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €153,241 | +€153,241 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €7,511 | +€4,622 | +160.0% |
| Other operating charges | 640/8 | €1,264 | €2,735 | +€1,471 | +116.4% |
| Gross operating margin | 9900 | €108,359 | €209,531 | +€101,172 | +93.4% |
| Operating profit (loss) | 9901 | €104,206 | €199,285 | +€95,079 | +91.2% |
| Financial income | 75/76B | €412 | €1,297 | +€885 | +215.1% |
| Recurring financial income | 75 | €412 | €1,297 | +€885 | +215.1% |
| Financial charges | 65/66B | €876 | €782 | -€94 | -10.7% |
| Recurring financial charges | 65 | €876 | €782 | -€94 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €103,742 | €199,801 | +€96,059 | +92.6% |
| Income taxes | 67/77 | €23,542 | €47,521 | +€23,979 | +101.9% |
| Profit (loss) for the period | 9904 | €80,200 | €152,280 | +€72,080 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,200 | €152,280 | +€72,080 | +89.9% |
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 12 October 2026 via checked.be.