SILKE VH: 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.
SILKE VH
Largest movements
- Current investments +€100,000
up €100,000 (+38.5%), from €260,000 to €360,000
- Cash +€23,454
up €23,454 (+14.3%), from €164,284 to €187,738
mainly Net result for the year (+€138,844) and Trade debts (+€14,517)
- Tangible fixed assets +€14,921
up €14,921 (+58.3%), from €25,603 to €40,525
of which Other tangible fixed assets: +€14,467
- Reserves +€137,956
up €137,956 (+32.5%), from €424,851 to €562,807
of which Distributable reserves: +€137,956
- Trade debts +€14,517
up €14,517 (+506%), from €2,870 to €17,386
- Gross operating margin +€96,984
up €96,984 (+25.5%), from €380,858 to €477,842
- Staff costs +€63,428
up €63,428 (+31.3%), from €202,830 to €266,258
- Taxes +€11,434
up €11,434 (+20.4%), from €56,067 to €67,500
- Depreciation -€5,084
down €5,084 (-50.0%), from €10,172 to €5,087
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 | €517,879 | €669,940 | +€152,061 | +29.4% |
| Fixed assets | 21/28 | €25,603 | €40,525 | +€14,921 | +58.3% |
| Tangible fixed assets | 22/27 | €25,603 | €40,525 | +€14,921 | +58.3% |
| Plant, machinery and equipment | 23 | €3,325 | €2,678 | -€647 | -19.4% |
| Furniture and vehicles | 24 | €1,232 | €2,333 | +€1,101 | +89.4% |
| Other tangible fixed assets | 26 | €21,047 | €35,514 | +€14,467 | +68.7% |
| Current assets | 29/58 | €492,275 | €629,415 | +€137,140 | +27.9% |
| Stocks and contracts in progress | 3 | €10,987 | €13,539 | +€2,552 | +23.2% |
| Stocks | 30/36 | €10,987 | €13,539 | +€2,552 | +23.2% |
| Amounts receivable within one year | 40/41 | €53,854 | €58,603 | +€4,749 | +8.8% |
| Trade receivables | 40 | €3,001 | - | -€3,001 | |
| Other amounts receivable | 41 | €50,853 | €58,603 | +€7,750 | +15.2% |
| Current investments | 50/53 | €260,000 | €360,000 | +€100,000 | +38.5% |
| Cash at bank and in hand | 54/58 | €164,284 | €187,738 | +€23,454 | +14.3% |
| Deferred charges and accrued income | 490/1 | €3,150 | €9,535 | +€6,385 | +203% |
| Total equity and liabilities | 10/49 | €517,879 | €669,940 | +€152,061 | +29.4% |
| Equity | 10/15 | €424,951 | €562,907 | +€137,956 | +32.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €424,851 | €562,807 | +€137,956 | +32.5% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Own shares acquired | 1312 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €364,851 | €502,807 | +€137,956 | +37.8% |
| Amounts payable | 17/49 | €92,928 | €107,033 | +€14,106 | +15.2% |
| Amounts payable after more than one year | 17 | €11,531 | €7,725 | -€3,805 | -33.0% |
| Financial debts | 170/4 | €11,531 | €7,725 | -€3,805 | -33.0% |
| Amounts payable within one year | 42/48 | €81,397 | €99,308 | +€17,911 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €3,768 | €3,805 | +€38 | +1.0% |
| Trade debts | 44 | €2,870 | €17,386 | +€14,517 | +506% |
| Suppliers | 440/4 | €2,870 | €17,386 | +€14,517 | +506% |
| Taxes, remuneration and social security | 45 | €73,843 | €77,228 | +€3,385 | +4.6% |
| Taxes | 450/3 | €43,464 | €52,751 | +€9,286 | +21.4% |
| Remuneration and social security | 454/9 | €30,379 | €24,477 | -€5,902 | -19.4% |
| Other amounts payable | 47/48 | €916 | €889 | -€28 | -3.0% |
| Remuneration, social security and pensions | 62 | €202,830 | €266,258 | +€63,428 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,172 | €5,087 | -€5,084 | -50.0% |
| Other operating charges | 640/8 | €1,310 | €1,210 | -€100 | -7.6% |
| Non-recurring operating charges | 66A | - | €3,974 | +€3,974 | |
| Gross operating margin | 9900 | €380,858 | €477,842 | +€96,984 | +25.5% |
| Operating profit (loss) | 9901 | €166,546 | €201,313 | +€34,767 | +20.9% |
| Financial income | 75/76B | €5,328 | €7,732 | +€2,404 | +45.1% |
| Recurring financial income | 75 | €5,328 | €7,732 | +€2,404 | +45.1% |
| Financial charges | 65/66B | €3,058 | €2,700 | -€357 | -11.7% |
| Recurring financial charges | 65 | €3,058 | €2,700 | -€357 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €168,817 | €206,345 | +€37,528 | +22.2% |
| Income taxes | 67/77 | €56,067 | €67,500 | +€11,434 | +20.4% |
| Profit (loss) for the period | 9904 | €112,750 | €138,844 | +€26,094 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,750 | €138,844 | +€26,094 | +23.1% |
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 20 October 2026 via checked.be.