SILVA: 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.
SILVA
Largest movements
- Tangible fixed assets -€116,539
down €116,539 (-7.1%), from €1.6m to €1.5m
- Cash -€89,214
down €89,214 (-15.8%), from €565,090 to €475,877
mainly Debts after one year (-€225,517) and Investment in fixed assets (net) (-€101,730)
- Receivables within one year +€76,185
up €76,185 (+23.3%), from €326,791 to €402,977
of which Trade receivables: +€127,621
- Reserves +€244,208
up €244,208 (+53.7%), from €454,660 to €698,867
of which Distributable reserves: +€231,997
- Debts after one year -€225,517
down €225,517 (-17.6%), from €1.3m to €1.1m
- Trade debts -€62,451
down €62,451 (-28.9%), from €215,741 to €153,290
- Other debts -€57,800
down €57,800 (-93.3%), from €61,959 to €4,159
- Short-term financial debts -€30,101
down €30,101 (-52.1%), from €57,822 to €27,721
- Depreciation -€62,622
down €62,622 (-22.3%), from €280,891 to €218,269
- Staff costs +€30,065
up €30,065 (+4.1%), from €729,885 to €759,949
- Gross operating margin -€22,493
down €22,493 (-1.7%), from €1.4m to €1.3m
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 | €2,732,712 | €2,626,566 | -€106,146 | -3.9% |
| Fixed assets | 21/28 | €1,634,435 | €1,517,896 | -€116,539 | -7.1% |
| Tangible fixed assets | 22/27 | €1,634,435 | €1,517,896 | -€116,539 | -7.1% |
| Land and buildings | 22 | €1,150,507 | €1,093,873 | -€56,635 | -4.9% |
| Plant, machinery and equipment | 23 | €306,781 | €280,617 | -€26,164 | -8.5% |
| Furniture and vehicles | 24 | €157,552 | €130,963 | -€26,588 | -16.9% |
| Leasing and similar rights | 25 | €19,595 | €12,443 | -€7,152 | -36.5% |
| Current assets | 29/58 | €1,098,277 | €1,108,671 | +€10,394 | +0.9% |
| Stocks and contracts in progress | 3 | €182,545 | €203,712 | +€21,167 | +11.6% |
| Stocks | 30/36 | €182,545 | €203,712 | +€21,167 | +11.6% |
| Amounts receivable within one year | 40/41 | €326,791 | €402,977 | +€76,185 | +23.3% |
| Trade receivables | 40 | €272,484 | €400,105 | +€127,621 | +46.8% |
| Other amounts receivable | 41 | €54,307 | €2,871 | -€51,436 | -94.7% |
| Cash at bank and in hand | 54/58 | €565,090 | €475,877 | -€89,214 | -15.8% |
| Deferred charges and accrued income | 490/1 | €23,851 | €26,105 | +€2,255 | +9.5% |
| Total equity and liabilities | 10/49 | €2,732,712 | €2,626,566 | -€106,146 | -3.9% |
| Equity | 10/15 | €869,083 | €1,113,291 | +€244,208 | +28.1% |
| Contributions | 10/11 | €414,424 | €414,424 | = | 0.0% |
| Capital | 10 | €414,424 | €414,424 | = | 0.0% |
| Issued capital | 100 | €414,424 | €414,424 | = | 0.0% |
| Reserves | 13 | €454,660 | €698,867 | +€244,208 | +53.7% |
| Non-distributable reserves | 130/1 | €18,117 | €30,328 | +€12,210 | +67.4% |
| Legal reserve | 130 | €18,117 | €30,328 | +€12,210 | +67.4% |
| Distributable reserves | 133 | €436,542 | €668,540 | +€231,997 | +53.1% |
| Amounts payable | 17/49 | €1,863,629 | €1,513,275 | -€350,353 | -18.8% |
| Amounts payable after more than one year | 17 | €1,282,846 | €1,057,329 | -€225,517 | -17.6% |
| Financial debts | 170/4 | €1,282,846 | €1,057,329 | -€225,517 | -17.6% |
| Amounts payable within one year | 42/48 | €580,783 | €455,946 | -€124,837 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €177,609 | €184,522 | +€6,913 | +3.9% |
| Financial debts | 43 | €57,822 | €27,721 | -€30,101 | -52.1% |
| Credit institutions | 430/8 | €57,822 | €27,721 | -€30,101 | -52.1% |
| Trade debts | 44 | €215,741 | €153,290 | -€62,451 | -28.9% |
| Suppliers | 440/4 | €215,741 | €153,290 | -€62,451 | -28.9% |
| Taxes, remuneration and social security | 45 | €67,652 | €86,254 | +€18,602 | +27.5% |
| Taxes | 450/3 | €8,357 | €33,887 | +€25,530 | +305.5% |
| Remuneration and social security | 454/9 | €59,295 | €52,367 | -€6,928 | -11.7% |
| Other amounts payable | 47/48 | €61,959 | €4,159 | -€57,800 | -93.3% |
| Remuneration, social security and pensions | 62 | €729,885 | €759,949 | +€30,065 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,891 | €218,269 | -€62,622 | -22.3% |
| Other operating charges | 640/8 | €12,962 | €3,788 | -€9,174 | -70.8% |
| Gross operating margin | 9900 | €1,362,943 | €1,340,449 | -€22,493 | -1.7% |
| Operating profit (loss) | 9901 | €339,205 | €358,443 | +€19,238 | +5.7% |
| Financial income | 75/76B | €381 | €3,095 | +€2,713 | +711.7% |
| Recurring financial income | 75 | €381 | €3,095 | +€2,713 | +711.7% |
| Financial charges | 65/66B | €26,700 | €33,690 | +€6,989 | +26.2% |
| Recurring financial charges | 65 | €26,700 | €33,690 | +€6,989 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €312,886 | €327,848 | +€14,962 | +4.8% |
| Income taxes | 67/77 | €79,390 | €83,640 | +€4,250 | +5.4% |
| Profit (loss) for the period | 9904 | €233,495 | €244,208 | +€10,712 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €233,495 | €244,208 | +€10,712 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.