SILKFOTO: what changed
Two fiscal 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.
SILKFOTO
Largest movements
- Tangible fixed assets +€10,289
up €10,289 (+11.2%), from €92,190 to €102,478
of which Plant, machinery and equipment: +€24,775
- Cash +€8,642
up €8,642 (+79.4%), from €10,882 to €19,524
mainly Depreciation (+€43,512) and Net result for the year (+€11,696)
- Deferred charges and accrued income +€4,163
up €4,163 (+518.7%), from €803 to €4,965
- Intangible fixed assets -€2,560
down €2,560 (-22.8%), from €11,227 to €8,667
- Reserves +€11,696
up €11,696 (+24.6%), from €47,580 to €59,276
- Debts after one year +€5,158
up €5,158 (+13.8%), from €37,286 to €42,443
- Current portion of long-term debt +€3,988
up €3,988 (+16.8%), from €23,679 to €27,667
- Trade debts +€2,844
up €2,844 (+58.9%), from €4,829 to €7,673
- Accrued charges and deferred income -€1,867
down €1,867 (-98.4%), from €1,897 to €30
- Gross operating margin +€23,194
up €23,194 (+50.0%), from €46,348 to €69,543
- Depreciation -€5,961
down €5,961 (-12.0%), from €49,473 to €43,512
- Financial charges +€4,004
up €4,004 (+70.5%), from €5,675 to €9,678
- Taxes +€3,897
up €3,897 (+3044.4%), from €128 to €4,025
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 | €155,119 | €176,641 | +€21,522 | +13.9% |
| Fixed assets | 21/28 | €103,417 | €111,146 | +€7,729 | +7.5% |
| Intangible fixed assets | 21 | €11,227 | €8,667 | -€2,560 | -22.8% |
| Tangible fixed assets | 22/27 | €92,190 | €102,478 | +€10,289 | +11.2% |
| Plant, machinery and equipment | 23 | €55,368 | €80,143 | +€24,775 | +44.7% |
| Furniture and vehicles | 24 | €21,583 | €12,926 | -€8,657 | -40.1% |
| Other tangible fixed assets | 26 | €15,238 | €9,409 | -€5,829 | -38.3% |
| Current assets | 29/58 | €51,702 | €65,495 | +€13,794 | +26.7% |
| Stocks and contracts in progress | 3 | €2,477 | €2,601 | +€124 | +5.0% |
| Stocks | 30/36 | €2,477 | €2,601 | +€124 | +5.0% |
| Amounts receivable within one year | 40/41 | €37,541 | €38,406 | +€865 | +2.3% |
| Trade receivables | 40 | €9,186 | €13,833 | +€4,647 | +50.6% |
| Other amounts receivable | 41 | €28,355 | €24,573 | -€3,782 | -13.3% |
| Cash at bank and in hand | 54/58 | €10,882 | €19,524 | +€8,642 | +79.4% |
| Deferred charges and accrued income | 490/1 | €803 | €4,965 | +€4,163 | +518.7% |
| Total equity and liabilities | 10/49 | €155,119 | €176,641 | +€21,522 | +13.9% |
| Equity | 10/15 | €50,580 | €62,276 | +€11,696 | +23.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,580 | €59,276 | +€11,696 | +24.6% |
| Distributable reserves | 133 | €47,580 | €59,276 | +€11,696 | +24.6% |
| Amounts payable | 17/49 | €104,539 | €114,365 | +€9,826 | +9.4% |
| Amounts payable after more than one year | 17 | €37,286 | €42,443 | +€5,158 | +13.8% |
| Financial debts | 170/4 | €37,286 | €42,443 | +€5,158 | +13.8% |
| Amounts payable within one year | 42/48 | €65,356 | €71,891 | +€6,536 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €23,679 | €27,667 | +€3,988 | +16.8% |
| Financial debts | 43 | €5,120 | €3,393 | -€1,727 | -33.7% |
| Credit institutions | 430/8 | €5,120 | €3,393 | -€1,727 | -33.7% |
| Trade debts | 44 | €4,829 | €7,673 | +€2,844 | +58.9% |
| Suppliers | 440/4 | €4,829 | €7,673 | +€2,844 | +58.9% |
| Taxes, remuneration and social security | 45 | €487 | €1,232 | +€745 | +152.9% |
| Taxes | 450/3 | €487 | €1,232 | +€745 | +152.9% |
| Other amounts payable | 47/48 | €31,241 | €31,927 | +€686 | +2.2% |
| Accrued charges and deferred income | 492/3 | €1,897 | €30 | -€1,867 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,473 | €43,512 | -€5,961 | -12.0% |
| Other operating charges | 640/8 | €683 | €657 | -€26 | -3.8% |
| Gross operating margin | 9900 | €46,348 | €69,543 | +€23,194 | +50.0% |
| Operating profit (loss) | 9901 | -€3,807 | €25,374 | +€29,181 | |
| Financial income | 75/76B | €113 | €26 | -€87 | -77.1% |
| Recurring financial income | 75 | €113 | €26 | -€87 | -77.1% |
| Financial charges | 65/66B | €5,675 | €9,678 | +€4,004 | +70.5% |
| Recurring financial charges | 65 | €5,675 | €9,678 | +€4,004 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,369 | €15,721 | +€25,090 | |
| Income taxes | 67/77 | €128 | €4,025 | +€3,897 | +3044.4% |
| Profit (loss) for the period | 9904 | -€9,497 | €11,696 | +€21,193 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,497 | €11,696 | +€21,193 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.