SILENZIO: 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.
SILENZIO
Largest movements
- Cash +€45,062
up €45,062 (+135%), from €33,310 to €78,372
mainly Net result for the year (+€72,258) and Deferred charges and accrued income (+€22,704)
- Deferred charges and accrued income -€22,704
down €22,704 (-43.6%), from €52,056 to €29,352
- Current investments +€20,000
up €20,000 (+12.5%), from €160,000 to €180,000
- Receivables within one year +€12,706
up €12,706 (+46.5%), from €27,300 to €40,006
of which Other amounts receivable: +€10,170
- Other debts +€21,047
up €21,047 (+65.3%), from €32,218 to €53,265
- Reserves +€18,993
up €18,993 (+9.1%), from €208,727 to €227,720
of which Distributable reserves: +€18,993
- Tax, wage and social debts +€18,483
up €18,483 (+120%), from €15,448 to €33,931
- Gross operating margin +€36,919
up €36,919 (+53.2%), from €69,392 to €106,311
- Taxes +€11,031
up €11,031 (+46.7%), from €23,618 to €34,649
- Other operating charges -€3,222
down €3,222 (-90.6%), from €3,555 to €334
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 | €280,942 | €337,007 | +€56,064 | +20.0% |
| Fixed assets | 21/28 | €8,276 | €9,277 | +€1,000 | +12.1% |
| Tangible fixed assets | 22/27 | €4,276 | €5,277 | +€1,000 | +23.4% |
| Plant, machinery and equipment | 23 | €4,276 | €5,277 | +€1,000 | +23.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €272,666 | €327,730 | +€55,064 | +20.2% |
| Amounts receivable within one year | 40/41 | €27,300 | €40,006 | +€12,706 | +46.5% |
| Trade receivables | 40 | €26,200 | €28,735 | +€2,535 | +9.7% |
| Other amounts receivable | 41 | €1,101 | €11,271 | +€10,170 | +924% |
| Current investments | 50/53 | €160,000 | €180,000 | +€20,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €33,310 | €78,372 | +€45,062 | +135% |
| Deferred charges and accrued income | 490/1 | €52,056 | €29,352 | -€22,704 | -43.6% |
| Total equity and liabilities | 10/49 | €280,942 | €337,007 | +€56,064 | +20.0% |
| Equity | 10/15 | €227,277 | €246,270 | +€18,993 | +8.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €208,727 | €227,720 | +€18,993 | +9.1% |
| Tax-exempt reserves | 132 | €5,421 | €5,421 | = | 0.0% |
| Distributable reserves | 133 | €203,306 | €222,299 | +€18,993 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,666 | €90,737 | +€37,071 | +69.1% |
| Amounts payable within one year | 42/48 | €53,309 | €90,596 | +€37,287 | +69.9% |
| Trade debts | 44 | €5,643 | €3,400 | -€2,243 | -39.7% |
| Suppliers | 440/4 | €5,643 | €3,400 | -€2,243 | -39.7% |
| Taxes, remuneration and social security | 45 | €15,448 | €33,931 | +€18,483 | +120% |
| Taxes | 450/3 | €15,448 | €33,931 | +€18,483 | +120% |
| Other amounts payable | 47/48 | €32,218 | €53,265 | +€21,047 | +65.3% |
| Accrued charges and deferred income | 492/3 | €357 | €141 | -€216 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,557 | €3,234 | -€322 | -9.1% |
| Other operating charges | 640/8 | €3,555 | €334 | -€3,222 | -90.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,392 | €106,311 | +€36,919 | +53.2% |
| Operating profit (loss) | 9901 | €62,280 | €102,743 | +€40,463 | +65.0% |
| Financial income | 75/76B | €3,703 | €4,374 | +€671 | +18.1% |
| Recurring financial income | 75 | €3,703 | €4,374 | +€671 | +18.1% |
| Financial charges | 65/66B | €198 | €210 | +€12 | +5.8% |
| Recurring financial charges | 65 | €198 | €210 | +€12 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €65,785 | €106,907 | +€41,122 | +62.5% |
| Income taxes | 67/77 | €23,618 | €34,649 | +€11,031 | +46.7% |
| Profit (loss) for the period | 9904 | €42,167 | €72,258 | +€30,091 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,167 | €72,258 | +€30,091 | +71.4% |
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 18 October 2026 via checked.be.