SILVA & 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 & SILVA
Largest movements
- Receivables after one year +€165,000
up €165,000 (+89.7%), from €184,000 to €349,000
- Cash -€74,045
down €74,045 (-95.3%), from €77,703 to €3,658
mainly Receivables after one year (-€165,000) and Investment in fixed assets (net) (-€37,236)
- Tangible fixed assets +€33,556
up €33,556 (+498.8%), from €6,728 to €40,284
of which Furniture and vehicles: +€36,221
- Receivables within one year -€15,554
down €15,554 (-93.2%), from €16,689 to €1,135
- Reserves +€44,700
up €44,700 (+64.1%), from €69,700 to €114,400
- Tax, wage and social debts +€26,089
up €26,089 (+81.4%), from €32,056 to €58,145
of which Taxes: +€24,081
- Debts after one year +€22,235
up €22,235 (+475.1%), from €4,680 to €26,915
- Current portion of long-term debt +€5,296
up €5,296 (+86.5%), from €6,124 to €11,420
- Other debts +€4,550
new in 2025: €4,550
- Gross operating margin -€45,085
down €45,085 (-26.8%), from €167,931 to €122,846
- Staff costs +€25,960
new in 2025: €25,960
- Other operating charges +€11,530
up €11,530 (+125.8%), from €9,166 to €20,696
- Taxes -€7,975
down €7,975 (-24.9%), from €32,056 to €24,081
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 | €300,911 | €408,277 | +€107,366 | +35.7% |
| Fixed assets | 21/28 | €20,219 | €53,775 | +€33,556 | +166.0% |
| Tangible fixed assets | 22/27 | €6,728 | €40,284 | +€33,556 | +498.8% |
| Plant, machinery and equipment | 23 | €6,031 | €3,366 | -€2,666 | -44.2% |
| Furniture and vehicles | 24 | €696 | €36,918 | +€36,221 | +5202.7% |
| Financial fixed assets | 28 | €13,492 | €13,492 | = | 0.0% |
| Current assets | 29/58 | €280,692 | €354,502 | +€73,810 | +26.3% |
| Amounts receivable after more than one year | 29 | €184,000 | €349,000 | +€165,000 | +89.7% |
| Other amounts receivable | 291 | €184,000 | €349,000 | +€165,000 | +89.7% |
| Stocks and contracts in progress | 3 | €1,763 | €710 | -€1,053 | -59.7% |
| Stocks | 30/36 | €1,763 | €710 | -€1,053 | -59.7% |
| Amounts receivable within one year | 40/41 | €16,689 | €1,135 | -€15,554 | -93.2% |
| Other amounts receivable | 41 | €16,689 | €1,135 | -€15,554 | -93.2% |
| Cash at bank and in hand | 54/58 | €77,703 | €3,658 | -€74,045 | -95.3% |
| Deferred charges and accrued income | 490/1 | €537 | - | -€537 | |
| Total equity and liabilities | 10/49 | €300,911 | €408,277 | +€107,366 | +35.7% |
| Equity | 10/15 | €191,441 | €236,246 | +€44,805 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,700 | €114,400 | +€44,700 | +64.1% |
| Distributable reserves | 133 | €69,700 | €114,400 | +€44,700 | +64.1% |
| Profit (loss) carried forward | 14 | €103,141 | €103,246 | +€105 | +0.1% |
| Amounts payable | 17/49 | €109,470 | €172,031 | +€62,561 | +57.1% |
| Amounts payable after more than one year | 17 | €4,680 | €26,915 | +€22,235 | +475.1% |
| Financial debts | 170/4 | €4,680 | €26,915 | +€22,235 | +475.1% |
| Amounts payable within one year | 42/48 | €104,790 | €145,116 | +€40,325 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €6,124 | €11,420 | +€5,296 | +86.5% |
| Trade debts | 44 | €66,611 | €71,001 | +€4,390 | +6.6% |
| Suppliers | 440/4 | €66,611 | €71,001 | +€4,390 | +6.6% |
| Taxes, remuneration and social security | 45 | €32,056 | €58,145 | +€26,089 | +81.4% |
| Taxes | 450/3 | €32,056 | €56,136 | +€24,081 | +75.1% |
| Remuneration and social security | 454/9 | - | €2,009 | +€2,009 | |
| Other amounts payable | 47/48 | - | €4,550 | +€4,550 | |
| Remuneration, social security and pensions | 62 | - | €25,960 | +€25,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,774 | €3,680 | +€906 | +32.7% |
| Other operating charges | 640/8 | €9,166 | €20,696 | +€11,530 | +125.8% |
| Gross operating margin | 9900 | €167,931 | €122,846 | -€45,085 | -26.8% |
| Operating profit (loss) | 9901 | €155,991 | €72,510 | -€83,481 | -53.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,058 | €3,624 | -€434 | -10.7% |
| Recurring financial charges | 65 | €4,058 | €3,624 | -€434 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €151,933 | €68,886 | -€83,047 | -54.7% |
| Income taxes | 67/77 | €32,056 | €24,081 | -€7,975 | -24.9% |
| Profit (loss) for the period | 9904 | €119,877 | €44,805 | -€75,072 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,877 | €44,805 | -€75,072 | -62.6% |
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 5 October 2026 via checked.be.