SILFRA: 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.
SILFRA
Largest movements
- Tangible fixed assets -€9,585
down €9,585 (-33.6%), from €28,566 to €18,981
- Current investments +€7,255
up €7,255 (+35.7%), from €20,300 to €27,555
- Cash +€2,855
up €2,855 (+6.3%), from €45,087 to €47,941
mainly Net result for the year (+€25,489) and Depreciation (+€9,585)
- Receivables within one year -€1,797
down €1,797 (-9.9%), from €18,150 to €16,354
- Reserves +€10,735
up €10,735 (+12.1%), from €88,479 to €99,214
- Current portion of long-term debt -€5,744
down €5,744 (-82.9%), from €6,932 to €1,188
- Tax, wage and social debts -€2,802
down €2,802 (-45.0%), from €6,228 to €3,426
- Other debts -€2,321
down €2,321 (-100.0%), from €2,321 to €0
- Debts after one year -€1,188
down €1,188 (-100.0%), from €1,188 to €0
- Gross operating margin -€12,227
down €12,227 (-23.2%), from €52,662 to €40,434
- Financial income +€8,040
up €8,040 (+16489.5%), from €49 to €8,089
of which Non-recurring financial income: +€8,069
- Taxes -€1,057
down €1,057 (-8.7%), from €12,147 to €11,090
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 | €112,433 | €110,831 | -€1,602 | -1.4% |
| Fixed assets | 21/28 | €28,566 | €18,981 | -€9,585 | -33.6% |
| Tangible fixed assets | 22/27 | €28,566 | €18,981 | -€9,585 | -33.6% |
| Furniture and vehicles | 24 | €28,566 | €18,981 | -€9,585 | -33.6% |
| Current assets | 29/58 | €83,867 | €91,850 | +€7,983 | +9.5% |
| Amounts receivable within one year | 40/41 | €18,150 | €16,354 | -€1,797 | -9.9% |
| Trade receivables | 40 | €18,150 | €16,354 | -€1,797 | -9.9% |
| Current investments | 50/53 | €20,300 | €27,555 | +€7,255 | +35.7% |
| Cash at bank and in hand | 54/58 | €45,087 | €47,941 | +€2,855 | +6.3% |
| Deferred charges and accrued income | 490/1 | €330 | €0 | -€330 | -100.0% |
| Total equity and liabilities | 10/49 | €112,433 | €110,831 | -€1,602 | -1.4% |
| Equity | 10/15 | €94,679 | €105,414 | +€10,735 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,479 | €99,214 | +€10,735 | +12.1% |
| Distributable reserves | 133 | €88,479 | €99,214 | +€10,735 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,754 | €5,417 | -€12,337 | -69.5% |
| Amounts payable after more than one year | 17 | €1,188 | €0 | -€1,188 | -100.0% |
| Financial debts | 170/4 | €1,188 | €0 | -€1,188 | -100.0% |
| Amounts payable within one year | 42/48 | €16,429 | €5,417 | -€11,012 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €6,932 | €1,188 | -€5,744 | -82.9% |
| Trade debts | 44 | €947 | €803 | -€145 | -15.3% |
| Suppliers | 440/4 | €947 | €803 | -€145 | -15.3% |
| Taxes, remuneration and social security | 45 | €6,228 | €3,426 | -€2,802 | -45.0% |
| Taxes | 450/3 | €6,228 | €3,426 | -€2,802 | -45.0% |
| Other amounts payable | 47/48 | €2,321 | €0 | -€2,321 | -100.0% |
| Accrued charges and deferred income | 492/3 | €137 | €0 | -€137 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,453 | €9,585 | +€132 | +1.4% |
| Other operating charges | 640/8 | €767 | €777 | +€10 | +1.3% |
| Non-recurring operating charges | 66A | - | €1,171 | +€1,171 | |
| Gross operating margin | 9900 | €52,662 | €40,434 | -€12,227 | -23.2% |
| Operating profit (loss) | 9901 | €42,442 | €28,901 | -€13,541 | -31.9% |
| Financial income | 75/76B | €49 | €8,089 | +€8,040 | +16489.5% |
| Recurring financial income | 75 | €49 | €20 | -€28 | -58.3% |
| Non-recurring financial income | 76B | - | €8,069 | +€8,069 | |
| Financial charges | 65/66B | €730 | €411 | -€319 | -43.7% |
| Recurring financial charges | 65 | €730 | €411 | -€319 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €41,760 | €36,579 | -€5,181 | -12.4% |
| Income taxes | 67/77 | €12,147 | €11,090 | -€1,057 | -8.7% |
| Profit (loss) for the period | 9904 | €29,614 | €25,489 | -€4,125 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,614 | €25,489 | -€4,125 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.