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 +€249,633
up €249,633 (+21.9%), from €1.1m to €1.4m
of which Land and buildings: +€270,668
- Cash +€182,525
up €182,525 (+5287.3%), from €3,452 to €185,977
mainly Other debts (+€144,185) and Contributions, distributions and other (+€92,246)
- Financial fixed assets -€153,343
down €153,343 (-24.7%), from €619,884 to €466,541
- Other debts +€144,185
up €144,185 (+140.4%), from €102,731 to €246,917
- Reserves +€70,817
up €70,817 (+8.8%), from €804,119 to €874,937
of which Distributable reserves: +€38,453
- Current portion of long-term debt +€32,094
up €32,094 (+42.6%), from €75,286 to €107,380
- Gross operating margin -€296,664
down €296,664 (-72.1%), from €411,745 to €115,081
- Other operating charges -€127,697
down €127,697 (-95.6%), from €133,602 to €5,906
- Depreciation +€47,469
up €47,469 (+169.5%), from €28,001 to €75,470
- Taxes -€19,531
down €19,531 (-96.3%), from €20,280 to €749
- Financial charges +€17,956
up €17,956 (+148.8%), from €12,068 to €30,024
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 | €1,824,047 | €2,092,970 | +€268,924 | +14.7% |
| Fixed assets | 21/28 | €1,758,362 | €1,854,652 | +€96,290 | +5.5% |
| Tangible fixed assets | 22/27 | €1,138,478 | €1,388,112 | +€249,633 | +21.9% |
| Land and buildings | 22 | €990,401 | €1,261,069 | +€270,668 | +27.3% |
| Plant, machinery and equipment | 23 | €3,267 | €3,066 | -€201 | -6.2% |
| Furniture and vehicles | 24 | €144,810 | €121,664 | -€23,146 | -16.0% |
| Other tangible fixed assets | 26 | - | €2,313 | +€2,313 | |
| Financial fixed assets | 28 | €619,884 | €466,541 | -€153,343 | -24.7% |
| Current assets | 29/58 | €65,685 | €238,318 | +€172,634 | +262.8% |
| Amounts receivable within one year | 40/41 | €61,620 | €51,401 | -€10,219 | -16.6% |
| Trade receivables | 40 | €17,260 | €18,150 | +€890 | +5.2% |
| Other amounts receivable | 41 | €44,360 | €33,251 | -€11,109 | -25.0% |
| Cash at bank and in hand | 54/58 | €3,452 | €185,977 | +€182,525 | +5287.3% |
| Deferred charges and accrued income | 490/1 | €613 | €940 | +€328 | +53.5% |
| Total equity and liabilities | 10/49 | €1,824,047 | €2,092,970 | +€268,924 | +14.7% |
| Equity | 10/15 | €904,119 | €974,937 | +€70,817 | +7.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €804,119 | €874,937 | +€70,817 | +8.8% |
| Non-distributable reserves | 130/1 | €246,500 | €246,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €246,500 | €246,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,768 | €306,131 | +€32,364 | +11.8% |
| Distributable reserves | 133 | €283,852 | €322,305 | +€38,453 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €91,256 | €109,804 | +€18,548 | +20.3% |
| Deferred taxes | 168 | €91,256 | €109,804 | +€18,548 | +20.3% |
| Amounts payable | 17/49 | €828,671 | €1,008,230 | +€179,559 | +21.7% |
| Amounts payable after more than one year | 17 | €638,407 | €627,199 | -€11,208 | -1.8% |
| Financial debts | 170/4 | €638,407 | €627,199 | -€11,208 | -1.8% |
| Amounts payable within one year | 42/48 | €190,265 | €381,031 | +€190,767 | +100.3% |
| Current portion of amounts payable after more than one year | 42 | €75,286 | €107,380 | +€32,094 | +42.6% |
| Financial debts | 43 | €1,424 | €2,592 | +€1,168 | +82.0% |
| Credit institutions | 430/8 | €1,424 | €2,592 | +€1,168 | +82.0% |
| Trade debts | 44 | €2,287 | €7,208 | +€4,922 | +215.2% |
| Suppliers | 440/4 | €2,287 | €7,208 | +€4,922 | +215.2% |
| Taxes, remuneration and social security | 45 | €8,536 | €16,934 | +€8,398 | +98.4% |
| Taxes | 450/3 | €8,536 | €16,934 | +€8,398 | +98.4% |
| Other amounts payable | 47/48 | €102,731 | €246,917 | +€144,185 | +140.4% |
| Non-recurring operating income | 76A | €384,187 | €0 | -€384,187 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,001 | €75,470 | +€47,469 | +169.5% |
| Other operating charges | 640/8 | €133,602 | €5,906 | -€127,697 | -95.6% |
| Non-recurring operating charges | 66A | - | €30,125 | +€30,125 | |
| Gross operating margin | 9900 | €411,745 | €115,081 | -€296,664 | -72.1% |
| Operating profit (loss) | 9901 | €250,141 | €3,580 | -€246,561 | -98.6% |
| Financial income | 75/76B | €16 | €9 | -€7 | -42.2% |
| Recurring financial income | 75 | €16 | €9 | -€7 | -42.2% |
| Financial charges | 65/66B | €12,068 | €30,024 | +€17,956 | +148.8% |
| Recurring financial charges | 65 | €12,068 | €30,024 | +€17,956 | +148.8% |
| Profit (loss) for the period before taxes | 9903 | €238,089 | -€26,435 | -€264,524 | |
| Transfer from deferred taxes | 780 | €3,453 | €5,755 | +€2,302 | +66.7% |
| Transfer to deferred taxes | 680 | €42,080 | €0 | -€42,080 | -100.0% |
| Income taxes | 67/77 | €20,280 | €749 | -€19,531 | -96.3% |
| Profit (loss) for the period | 9904 | €179,182 | -€21,429 | -€200,611 | |
| Transfer from tax-exempt reserves | 789 | €10,359 | €14,834 | +€4,475 | +43.2% |
| Transfer to tax-exempt reserves | 689 | €126,241 | €0 | -€126,241 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,301 | -€6,594 | -€69,895 |
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 30 September 2026 via checked.be.