SILKMOOD: 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.
SILKMOOD
Largest movements
- Cash +€93,866
up €93,866 (+79.6%), from €117,952 to €211,818
mainly Net result for the year (+€73,692) and Other debts (+€72,559)
- Stocks and contracts -€38,902
down €38,902 (-24.3%), from €160,074 to €121,172
- Tangible fixed assets -€28,994
down €28,994 (-10.5%), from €276,335 to €247,341
of which Land and buildings: -€30,086
- Other debts +€72,559
up €72,559 (+5,079%), from €1,429 to €73,988
- Debts after one year -€22,137
down €22,137 (-11.1%), from €199,794 to €177,656
- Tax, wage and social debts -€14,191
down €14,191 (-38.8%), from €36,612 to €22,421
- Gross operating margin +€12,058
up €12,058 (+8.8%), from €137,216 to €149,274
- Other operating charges -€6,115
down €6,115 (-54.1%), from €11,295 to €5,180
- Taxes +€4,194
up €4,194 (+13.5%), from €31,019 to €35,213
- Financial income -€2,209
down €2,209 (-97.0%), from €2,276 to €67
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 | €589,773 | €621,899 | +€32,126 | +5.4% |
| Fixed assets | 21/28 | €276,335 | €247,341 | -€28,994 | -10.5% |
| Tangible fixed assets | 22/27 | €276,335 | €247,341 | -€28,994 | -10.5% |
| Land and buildings | 22 | €273,456 | €243,370 | -€30,086 | -11.0% |
| Plant, machinery and equipment | 23 | €2,879 | €2,773 | -€106 | -3.7% |
| Furniture and vehicles | 24 | - | €1,199 | +€1,199 | |
| Current assets | 29/58 | €313,438 | €374,557 | +€61,119 | +19.5% |
| Stocks and contracts in progress | 3 | €160,074 | €121,172 | -€38,902 | -24.3% |
| Stocks | 30/36 | €160,074 | €121,172 | -€38,902 | -24.3% |
| Amounts receivable within one year | 40/41 | €33,942 | €38,901 | +€4,959 | +14.6% |
| Trade receivables | 40 | €21,806 | €24,424 | +€2,618 | +12.0% |
| Other amounts receivable | 41 | €12,136 | €14,477 | +€2,341 | +19.3% |
| Cash at bank and in hand | 54/58 | €117,952 | €211,818 | +€93,866 | +79.6% |
| Deferred charges and accrued income | 490/1 | €1,471 | €2,666 | +€1,196 | +81.3% |
| Total equity and liabilities | 10/49 | €589,773 | €621,899 | +€32,126 | +5.4% |
| Equity | 10/15 | €321,763 | €321,467 | -€296 | -0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €261,955 | €261,659 | -€296 | -0.1% |
| Distributable reserves | 133 | €261,955 | €261,659 | -€296 | -0.1% |
| Profit (loss) carried forward | 14 | €9,809 | €9,809 | = | 0.0% |
| Amounts payable | 17/49 | €268,010 | €300,431 | +€32,421 | +12.1% |
| Amounts payable after more than one year | 17 | €199,794 | €177,656 | -€22,137 | -11.1% |
| Financial debts | 170/4 | €199,794 | €177,656 | -€22,137 | -11.1% |
| Amounts payable within one year | 42/48 | €68,128 | €122,683 | +€54,555 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €21,791 | €22,137 | +€347 | +1.6% |
| Trade debts | 44 | €8,298 | €4,137 | -€4,161 | -50.1% |
| Suppliers | 440/4 | €8,298 | €4,137 | -€4,161 | -50.1% |
| Taxes, remuneration and social security | 45 | €36,612 | €22,421 | -€14,191 | -38.8% |
| Taxes | 450/3 | €36,612 | €22,421 | -€14,191 | -38.8% |
| Other amounts payable | 47/48 | €1,429 | €73,988 | +€72,559 | +5,079% |
| Accrued charges and deferred income | 492/3 | €88 | €92 | +€4 | +4.7% |
| Remuneration, social security and pensions | 62 | €110 | €0 | -€110 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,057 | €31,396 | +€339 | +1.1% |
| Other operating charges | 640/8 | €11,295 | €5,180 | -€6,115 | -54.1% |
| Gross operating margin | 9900 | €137,216 | €149,274 | +€12,058 | +8.8% |
| Operating profit (loss) | 9901 | €94,755 | €112,698 | +€17,943 | +18.9% |
| Financial income | 75/76B | €2,276 | €67 | -€2,209 | -97.0% |
| Recurring financial income | 75 | €2,276 | €67 | -€2,209 | -97.0% |
| Financial charges | 65/66B | €4,635 | €3,860 | -€775 | -16.7% |
| Recurring financial charges | 65 | €4,635 | €3,860 | -€775 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €92,396 | €108,905 | +€16,509 | +17.9% |
| Income taxes | 67/77 | €31,019 | €35,213 | +€4,194 | +13.5% |
| Profit (loss) for the period | 9904 | €61,377 | €73,692 | +€12,315 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,377 | €73,692 | +€12,315 | +20.1% |
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 27 October 2026 via checked.be.