SilvaH: 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.
SilvaH
Largest movements
- Tangible fixed assets -€82,674
down €82,674 (-7.3%), from €1.1m to €1.1m
of which Land and buildings: -€41,561
- Receivables within one year -€65,594
down €65,594 (-33.6%), from €195,049 to €129,455
of which Trade receivables: -€130,037
- Cash -€16,818
down €16,818 (-66.0%), from €25,463 to €8,645
mainly Net result for the year (-€135,836) and Debts after one year (-€13,989)
- Profit (loss) carried forward -€135,836
new in 2025: -€135,836
- Debts after one year -€13,989
down €13,989 (-1.8%), from €782,962 to €768,973
- Gross operating margin -€241,151
down €241,151, from €214,645 to -€26,506
- Taxes -€27,076
down €27,076 (-98.6%), from €27,472 to €396
- Financial income +€8,259
up €8,259 (+310.2%), from €2,663 to €10,922
- Other operating charges -€7,503
down €7,503 (-90.8%), from €8,261 to €758
- Financial charges -€3,656
down €3,656 (-9.6%), from €38,104 to €34,448
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 | €1,357,576 | €1,192,689 | -€164,886 | -12.1% |
| Fixed assets | 21/28 | €1,134,461 | €1,051,787 | -€82,674 | -7.3% |
| Tangible fixed assets | 22/27 | €1,132,911 | €1,050,237 | -€82,674 | -7.3% |
| Land and buildings | 22 | €981,613 | €940,052 | -€41,561 | -4.2% |
| Plant, machinery and equipment | 23 | €2,088 | €1,863 | -€226 | -10.8% |
| Furniture and vehicles | 24 | €149,210 | €108,323 | -€40,888 | -27.4% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €223,114 | €140,902 | -€82,212 | -36.8% |
| Amounts receivable within one year | 40/41 | €195,049 | €129,455 | -€65,594 | -33.6% |
| Trade receivables | 40 | €130,464 | €427 | -€130,037 | -99.7% |
| Other amounts receivable | 41 | €64,585 | €129,028 | +€64,443 | +99.8% |
| Cash at bank and in hand | 54/58 | €25,463 | €8,645 | -€16,818 | -66.0% |
| Deferred charges and accrued income | 490/1 | €2,602 | €2,802 | +€200 | +7.7% |
| Total equity and liabilities | 10/49 | €1,357,576 | €1,192,689 | -€164,886 | -12.1% |
| Equity | 10/15 | €479,704 | €343,868 | -€135,836 | -28.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €389,704 | €389,704 | = | 0.0% |
| Distributable reserves | 133 | €389,704 | €389,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€135,836 | -€135,836 | |
| Amounts payable | 17/49 | €877,872 | €848,821 | -€29,050 | -3.3% |
| Amounts payable after more than one year | 17 | €782,962 | €768,973 | -€13,989 | -1.8% |
| Financial debts | 170/4 | €782,962 | €768,973 | -€13,989 | -1.8% |
| Amounts payable within one year | 42/48 | €69,310 | €54,249 | -€15,061 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €13,218 | €13,989 | +€770 | +5.8% |
| Trade debts | 44 | €14,153 | €9,919 | -€4,234 | -29.9% |
| Suppliers | 440/4 | €14,153 | €9,919 | -€4,234 | -29.9% |
| Taxes, remuneration and social security | 45 | €32,334 | €20,149 | -€12,185 | -37.7% |
| Taxes | 450/3 | €28,196 | €396 | -€27,800 | -98.6% |
| Remuneration and social security | 454/9 | €4,138 | €19,753 | +€15,615 | +377.3% |
| Other amounts payable | 47/48 | €9,604 | €10,192 | +€588 | +6.1% |
| Accrued charges and deferred income | 492/3 | €25,600 | €25,600 | = | 0.0% |
| Non-recurring operating income | 76A | €8,323 | - | -€8,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,609 | €84,650 | +€1,041 | +1.2% |
| Other operating charges | 640/8 | €8,261 | €758 | -€7,503 | -90.8% |
| Gross operating margin | 9900 | €214,645 | -€26,506 | -€241,151 | |
| Operating profit (loss) | 9901 | €122,775 | -€111,914 | -€234,689 | |
| Financial income | 75/76B | €2,663 | €10,922 | +€8,259 | +310.2% |
| Recurring financial income | 75 | €2,663 | €10,922 | +€8,259 | +310.2% |
| Financial charges | 65/66B | €38,104 | €34,448 | -€3,656 | -9.6% |
| Recurring financial charges | 65 | €38,104 | €34,448 | -€3,656 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €87,334 | -€135,440 | -€222,774 | |
| Income taxes | 67/77 | €27,472 | €396 | -€27,076 | -98.6% |
| Profit (loss) for the period | 9904 | €59,862 | -€135,836 | -€195,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,862 | -€135,836 | -€195,698 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.