SILMAR BOOKS: 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.
SILMAR BOOKS
Largest movements
- Cash +€52,371
up €52,371 (+49.0%), from €106,891 to €159,262
mainly Net result for the year (+€27,845) and Tax, wage and social debts (+€27,822)
- Tangible fixed assets -€17,141
down €17,141 (-35.2%), from €48,690 to €31,548
of which Plant, machinery and equipment: -€9,364
- Intangible fixed assets -€7,241
down €7,241 (-11.8%), from €61,348 to €54,107
- Receivables within one year +€7,020
up €7,020 (+10.0%), from €70,296 to €77,317
of which Trade receivables: +€7,121
- Reserves +€27,845
up €27,845 (+35.7%), from €78,070 to €105,915
- Tax, wage and social debts +€27,822
up €27,822 (+43.6%), from €63,749 to €91,571
of which Taxes: +€15,389
- Debts after one year -€17,942
down €17,942 (-19.3%), from €93,079 to €75,137
- Trade debts -€7,676
down €7,676 (-89.1%), from €8,619 to €943
- Other debts +€3,943
up €3,943 (+18.1%), from €21,775 to €25,718
- Gross operating margin -€174,630
down €174,630 (-46.2%), from €377,587 to €202,957
- Staff costs -€102,225
down €102,225 (-42.8%), from €238,724 to €136,499
- Depreciation -€9,323
down €9,323 (-27.7%), from €33,705 to €24,382
- Taxes -€9,070
down €9,070 (-52.9%), from €17,144 to €8,074
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 | €288,439 | €323,330 | +€34,891 | +12.1% |
| Fixed assets | 21/28 | €110,394 | €86,012 | -€24,382 | -22.1% |
| Intangible fixed assets | 21 | €61,348 | €54,107 | -€7,241 | -11.8% |
| Tangible fixed assets | 22/27 | €48,690 | €31,548 | -€17,141 | -35.2% |
| Plant, machinery and equipment | 23 | €32,532 | €23,168 | -€9,364 | -28.8% |
| Furniture and vehicles | 24 | €16,158 | €8,381 | -€7,777 | -48.1% |
| Financial fixed assets | 28 | €357 | €357 | = | 0.0% |
| Current assets | 29/58 | €178,044 | €237,318 | +€59,273 | +33.3% |
| Amounts receivable within one year | 40/41 | €70,296 | €77,317 | +€7,020 | +10.0% |
| Trade receivables | 40 | €58,463 | €65,583 | +€7,121 | +12.2% |
| Other amounts receivable | 41 | €11,834 | €11,734 | -€100 | -0.8% |
| Cash at bank and in hand | 54/58 | €106,891 | €159,262 | +€52,371 | +49.0% |
| Deferred charges and accrued income | 490/1 | €857 | €739 | -€118 | -13.8% |
| Total equity and liabilities | 10/49 | €288,439 | €323,330 | +€34,891 | +12.1% |
| Equity | 10/15 | €83,070 | €110,915 | +€27,845 | +33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,070 | €105,915 | +€27,845 | +35.7% |
| Distributable reserves | 133 | €78,070 | €105,915 | +€27,845 | +35.7% |
| Amounts payable | 17/49 | €205,369 | €212,415 | +€7,047 | +3.4% |
| Amounts payable after more than one year | 17 | €93,079 | €75,137 | -€17,942 | -19.3% |
| Financial debts | 170/4 | €93,079 | €75,137 | -€17,942 | -19.3% |
| Amounts payable within one year | 42/48 | €112,290 | €137,279 | +€24,989 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €18,147 | €19,047 | +€900 | +5.0% |
| Trade debts | 44 | €8,619 | €943 | -€7,676 | -89.1% |
| Suppliers | 440/4 | €8,619 | €943 | -€7,676 | -89.1% |
| Taxes, remuneration and social security | 45 | €63,749 | €91,571 | +€27,822 | +43.6% |
| Taxes | 450/3 | €36,298 | €51,686 | +€15,389 | +42.4% |
| Remuneration and social security | 454/9 | €27,451 | €39,884 | +€12,433 | +45.3% |
| Other amounts payable | 47/48 | €21,775 | €25,718 | +€3,943 | +18.1% |
| Remuneration, social security and pensions | 62 | €238,724 | €136,499 | -€102,225 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,705 | €24,382 | -€9,323 | -27.7% |
| Other operating charges | 640/8 | €1,898 | €1,422 | -€476 | -25.1% |
| Gross operating margin | 9900 | €377,587 | €202,957 | -€174,630 | -46.2% |
| Operating profit (loss) | 9901 | €103,260 | €40,654 | -€62,606 | -60.6% |
| Financial income | 75/76B | €334 | €736 | +€402 | +121% |
| Recurring financial income | 75 | €334 | €736 | +€402 | +121% |
| Financial charges | 65/66B | €8,380 | €5,471 | -€2,909 | -34.7% |
| Recurring financial charges | 65 | €8,380 | €5,471 | -€2,909 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €95,213 | €35,918 | -€59,295 | -62.3% |
| Income taxes | 67/77 | €17,144 | €8,074 | -€9,070 | -52.9% |
| Profit (loss) for the period | 9904 | €78,070 | €27,845 | -€50,225 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,070 | €27,845 | -€50,225 | -64.3% |
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 16 October 2026 via checked.be.