SILVA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€66,811
up €66,811 (+104.0%), from €64,239 to €131,050
of which Trade receivables: +€81,685
- Cash -€31,900
down €31,900 (-59.3%), from €53,788 to €21,888
mainly Receivables within one year (-€66,811) and Trade debts (-€30,009)
- Tangible fixed assets -€10,831
down €10,831 (-4.0%), from €269,199 to €258,368
of which Land and buildings: -€16,324
- Trade debts -€30,009
down €30,009 (-53.6%), from €55,972 to €25,963
- Debts after one year +€24,808
up €24,808 (+8.5%), from €291,551 to €316,360
- Other debts +€18,637
up €18,637 (+39.0%), from €47,802 to €66,439
- Tax, wage and social debts +€10,771
up €10,771 (+54.9%), from €19,625 to €30,396
- Gross operating margin -€34,221
down €34,221 (-37.8%), from €90,614 to €56,393
- Taxes -€12,013
down €12,013 (-76.3%), from €15,752 to €3,739
- Depreciation +€4,381
up €4,381 (+24.4%), from €17,976 to €22,357
- Other operating charges +€3,668
up €3,668 (+55.1%), from €6,662 to €10,330
- Financial charges +€1,715
up €1,715 (+14.3%), from €12,020 to €13,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,631 | €586,671 | +€23,040 | +4.1% |
| Fixed assets | 21/28 | €269,562 | €258,731 | -€10,831 | -4.0% |
| Tangible fixed assets | 22/27 | €269,199 | €258,368 | -€10,831 | -4.0% |
| Land and buildings | 22 | €266,088 | €249,764 | -€16,324 | -6.1% |
| Plant, machinery and equipment | 23 | €716 | €306 | -€410 | -57.3% |
| Furniture and vehicles | 24 | €2,395 | €8,298 | +€5,903 | +246.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €294,069 | €327,940 | +€33,871 | +11.5% |
| Stocks and contracts in progress | 3 | €171,475 | €173,105 | +€1,630 | +1.0% |
| Stocks | 30/36 | €171,475 | €173,105 | +€1,630 | +1.0% |
| Amounts receivable within one year | 40/41 | €64,239 | €131,050 | +€66,811 | +104.0% |
| Trade receivables | 40 | €44,366 | €126,051 | +€81,685 | +184.1% |
| Other amounts receivable | 41 | €19,872 | €4,999 | -€14,874 | -74.8% |
| Cash at bank and in hand | 54/58 | €53,788 | €21,888 | -€31,900 | -59.3% |
| Deferred charges and accrued income | 490/1 | €4,568 | €1,897 | -€2,671 | -58.5% |
| Total equity and liabilities | 10/49 | €563,631 | €586,671 | +€23,040 | +4.1% |
| Equity | 10/15 | €119,409 | €125,269 | +€5,860 | +4.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Outside capital | 11 | - | €14,260 | +€14,260 | |
| Other | 1109/19 | - | €14,260 | +€14,260 | |
| Profit (loss) carried forward | 14 | €105,149 | €111,009 | +€5,860 | +5.6% |
| Amounts payable | 17/49 | €444,221 | €461,401 | +€17,180 | +3.9% |
| Amounts payable after more than one year | 17 | €291,551 | €316,360 | +€24,808 | +8.5% |
| Financial debts | 170/4 | €291,551 | €316,360 | +€24,808 | +8.5% |
| Amounts payable within one year | 42/48 | €152,670 | €145,042 | -€7,628 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €23,835 | €22,244 | -€1,592 | -6.7% |
| Trade debts | 44 | €55,972 | €25,963 | -€30,009 | -53.6% |
| Suppliers | 440/4 | €55,972 | €25,963 | -€30,009 | -53.6% |
| Advances received on contracts in progress | 46 | €5,436 | - | -€5,436 | |
| Taxes, remuneration and social security | 45 | €19,625 | €30,396 | +€10,771 | +54.9% |
| Taxes | 450/3 | €19,625 | €30,396 | +€10,771 | +54.9% |
| Other amounts payable | 47/48 | €47,802 | €66,439 | +€18,637 | +39.0% |
| Remuneration, social security and pensions | 62 | €267 | €371 | +€104 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,976 | €22,357 | +€4,381 | +24.4% |
| Other operating charges | 640/8 | €6,662 | €10,330 | +€3,668 | +55.1% |
| Gross operating margin | 9900 | €90,614 | €56,393 | -€34,221 | -37.8% |
| Operating profit (loss) | 9901 | €65,709 | €23,335 | -€42,374 | -64.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,020 | €13,736 | +€1,715 | +14.3% |
| Recurring financial charges | 65 | €12,020 | €13,736 | +€1,715 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €53,688 | €9,599 | -€44,089 | -82.1% |
| Income taxes | 67/77 | €15,752 | €3,739 | -€12,013 | -76.3% |
| Profit (loss) for the period | 9904 | €37,936 | €5,860 | -€32,076 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,936 | €5,860 | -€32,076 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.