SILENTIVE: 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.
SILENTIVE
Largest movements
- Current investments -€5.0m
down €5.0m (-84.8%), from €5.9m to €897,767
- Receivables within one year -€2.2m
down €2.2m (-17.9%), from €12.3m to €10.1m
of which Other amounts receivable: -€2.1m
- Cash +€708,913
up €708,913 (+20365.7%), from €3,481 to €712,394
mainly Net result for the year (+€10.0m) and Other debts (+€10.0m)
- Deferred charges and accrued income -€200,363
down €200,363 (-100.0%), from €200,363 to €0
- Other debts +€10.0m
new in 2025: €10.0m
- Profit (loss) carried forward -€9.0m
down €9.0m (-93.3%), from €9.7m to €646,477
- Provisions -€6.4m
down €6.4m (-100.0%), from €6.4m to €0
- Tax, wage and social debts -€1.0m
down €1.0m (-48.1%), from €2.2m to €1.1m
of which Taxes: -€1.0m
- Financial income +€7.0m
up €7.0m (+215.1%), from €3.3m to €10.3m
- Provisions -€6.4m
new in 2025: -€6.4m
- Taxes +€2.8m
up €2.8m (+422.3%), from €658,813 to €3.4m
- Financial charges +€2.5m
up €2.5m (+558.2%), from €444,287 to €2.9m
- Write-downs +€221,314
up €221,314, from -€136,136 to €85,178
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 | €18,463,354 | €11,772,231 | -€6.7m | -36.2% |
| Fixed assets | 21/28 | €20,538 | €54,578 | +€34,039 | +165.7% |
| Tangible fixed assets | 22/27 | €20,538 | €54,578 | +€34,039 | +165.7% |
| Plant, machinery and equipment | 23 | €857 | €404 | -€453 | -52.8% |
| Furniture and vehicles | 24 | €19,682 | €54,173 | +€34,492 | +175.2% |
| Current assets | 29/58 | €18,442,816 | €11,717,653 | -€6.7m | -36.5% |
| Amounts receivable within one year | 40/41 | €12,316,730 | €10,107,492 | -€2.2m | -17.9% |
| Trade receivables | 40 | €75,559 | €0 | -€75,559 | -100.0% |
| Other amounts receivable | 41 | €12,241,170 | €10,107,492 | -€2.1m | -17.4% |
| Current investments | 50/53 | €5,922,242 | €897,767 | -€5.0m | -84.8% |
| Cash at bank and in hand | 54/58 | €3,481 | €712,394 | +€708,913 | +20365.7% |
| Deferred charges and accrued income | 490/1 | €200,363 | €0 | -€200,363 | -100.0% |
| Total equity and liabilities | 10/49 | €18,463,354 | €11,772,231 | -€6.7m | -36.2% |
| Equity | 10/15 | €9,660,624 | €650,477 | -€9.0m | -93.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,656,624 | €646,477 | -€9.0m | -93.3% |
| Provisions and deferred taxes | 16 | €6,400,000 | €0 | -€6.4m | -100.0% |
| Provisions for liabilities and charges | 160/5 | €6,400,000 | €0 | -€6.4m | -100.0% |
| Other liabilities and charges | 164/5 | €6,400,000 | €0 | -€6.4m | -100.0% |
| Amounts payable | 17/49 | €2,402,730 | €11,121,754 | +€8.7m | +362.9% |
| Amounts payable after more than one year | 17 | €148,232 | €0 | -€148,232 | -100.0% |
| Other amounts payable | 178/9 | €148,232 | €0 | -€148,232 | -100.0% |
| Amounts payable within one year | 42/48 | €2,241,547 | €11,095,587 | +€8.9m | +395.0% |
| Trade debts | 44 | €74,889 | €6,300 | -€68,589 | -91.6% |
| Suppliers | 440/4 | €74,889 | €6,300 | -€68,589 | -91.6% |
| Taxes, remuneration and social security | 45 | €2,166,658 | €1,124,079 | -€1.0m | -48.1% |
| Taxes | 450/3 | €2,166,658 | €1,124,079 | -€1.0m | -48.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €9,965,208 | +€10.0m | |
| Accrued charges and deferred income | 492/3 | €12,950 | €26,167 | +€13,217 | +102.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,153 | €25,961 | +€13,808 | +113.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€136,136 | €85,178 | +€221,314 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,400,000 | -€6.4m | |
| Other operating charges | 640/8 | €6,033 | €1,650 | -€4,383 | -72.7% |
| Gross operating margin | 9900 | -€194,929 | -€225,383 | -€30,455 | -15.6% |
| Operating profit (loss) | 9901 | -€76,979 | €6,061,828 | +€6.1m | |
| Financial income | 75/76B | €3,259,812 | €10,271,857 | +€7.0m | +215.1% |
| Recurring financial income | 75 | €3,259,812 | €10,271,857 | +€7.0m | +215.1% |
| Financial charges | 65/66B | €444,287 | €2,924,475 | +€2.5m | +558.2% |
| Recurring financial charges | 65 | €444,287 | €2,924,475 | +€2.5m | +558.2% |
| Profit (loss) for the period before taxes | 9903 | €2,738,546 | €13,409,209 | +€10.7m | +389.6% |
| Income taxes | 67/77 | €658,813 | €3,440,734 | +€2.8m | +422.3% |
| Profit (loss) for the period | 9904 | €2,079,733 | €9,968,475 | +€7.9m | +379.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,079,733 | €9,968,475 | +€7.9m | +379.3% |
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.