SILK: what changed
What changed
SILK
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€37,551
2024 · €32,861+€4,690
Equity
€340,184
2024 · €316,565+€23,619
Cash
€171,043
2024 · €144,154+€26,889
Balance sheet total
€514,538
2024 · €503,569+€10,968
Largest movements
Assets
- Cash +€26,889
up €26,889 (+18.7%), from €144,154 to €171,043
mainly Net result for the year (+€37,551) and Depreciation (+€16,424)
- Receivables within one year -€10,890
no longer reported in 2025 (was €10,890)
Equity and liabilities
- Reserves +€23,619
up €23,619 (+7.9%), from €297,965 to €321,584
- Debts after one year -€18,389
down €18,389 (-11.6%), from €158,766 to €140,377
Income statement
- Gross operating margin +€7,024
up €7,024 (+10.3%), from €67,939 to €74,963
- Depreciation +€1,493
up €1,493 (+10.0%), from €14,931 to €16,424
- Taxes +€1,346
up €1,346 (+10.1%), from €13,375 to €14,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,861
Gross operating margin
+€7,024
Depreciation
-€1,493
Other operating charges
+€102
Financial charges
+€404
Taxes
-€1,346
Result 2025
€37,551
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,284
Investment
-€11,907
Financing
-€34,488
Cash 2024
€144,154
From operations (derived)
+€73,284
Net result for the year
+€37,551
Depreciation
+€16,424
Receivables within one year
+€10,890
Deferred charges and accrued income
+€513
Trade debts
+€2,785
Tax, wage and social debts
+€5,120
Investment (derived)
-€11,907
Investment in fixed assets (net)
-€11,907
Financing
-€34,488
Debts after one year
-€18,389
Current portion of long-term debt
-€2,166
Contributions, distributions and other
-€13,932
Cash 2025
€171,043
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,569 | €514,538 | +€10,968 | +2.2% |
| Fixed assets | 21/28 | €347,214 | €342,696 | -€4,517 | -1.3% |
| Tangible fixed assets | 22/27 | €222,214 | €217,697 | -€4,517 | -2.0% |
| Land and buildings | 22 | €210,422 | €203,117 | -€7,304 | -3.5% |
| Plant, machinery and equipment | 23 | - | €2,041 | +€2,041 | |
| Furniture and vehicles | 24 | €11,792 | €4,166 | -€7,627 | -64.7% |
| Other tangible fixed assets | 26 | - | €8,372 | +€8,372 | |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €156,355 | €171,841 | +€15,486 | +9.9% |
| Amounts receivable within one year | 40/41 | €10,890 | - | -€10,890 | |
| Trade receivables | 40 | €10,890 | - | -€10,890 | |
| Cash at bank and in hand | 54/58 | €144,154 | €171,043 | +€26,889 | +18.7% |
| Deferred charges and accrued income | 490/1 | €1,312 | €799 | -€513 | -39.1% |
| Total equity and liabilities | 10/49 | €503,569 | €514,538 | +€10,968 | +2.2% |
| Equity | 10/15 | €316,565 | €340,184 | +€23,619 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,965 | €321,584 | +€23,619 | +7.9% |
| Distributable reserves | 133 | €297,965 | €321,584 | +€23,619 | +7.9% |
| Amounts payable | 17/49 | €187,004 | €174,354 | -€12,651 | -6.8% |
| Amounts payable after more than one year | 17 | €158,766 | €140,377 | -€18,389 | -11.6% |
| Financial debts | 170/4 | €158,766 | €140,377 | -€18,389 | -11.6% |
| Amounts payable within one year | 42/48 | €28,238 | €33,977 | +€5,739 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €20,556 | €18,389 | -€2,166 | -10.5% |
| Trade debts | 44 | €1,135 | €3,920 | +€2,785 | +245% |
| Suppliers | 440/4 | €1,135 | €3,920 | +€2,785 | +245% |
| Taxes, remuneration and social security | 45 | €6,547 | €11,667 | +€5,120 | +78.2% |
| Taxes | 450/3 | €6,547 | €11,667 | +€5,120 | +78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,931 | €16,424 | +€1,493 | +10.0% |
| Other operating charges | 640/8 | €2,474 | €2,372 | -€102 | -4.1% |
| Gross operating margin | 9900 | €67,939 | €74,963 | +€7,024 | +10.3% |
| Operating profit (loss) | 9901 | €50,535 | €56,167 | +€5,632 | +11.1% |
| Financial charges | 65/66B | €4,299 | €3,894 | -€404 | -9.4% |
| Recurring financial charges | 65 | €4,299 | €3,894 | -€404 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €46,236 | €52,273 | +€6,037 | +13.1% |
| Income taxes | 67/77 | €13,375 | €14,721 | +€1,346 | +10.1% |
| Profit (loss) for the period | 9904 | €32,861 | €37,551 | +€4,690 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,861 | €37,551 | +€4,690 | +14.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.