SILVAN INVEST: what changed
Two financial 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.
SILVAN INVEST
Largest movements
- Tangible fixed assets -€28,781
down €28,781 (-3.3%), from €872,771 to €843,990
- Debts after one year -€155,828
no longer reported in 2026 (was €155,828)
- Other debts +€129,123
up €129,123 (+2,323%), from €5,558 to €134,682
- Profit (loss) carried forward +€22,489
up €22,489 (+14.2%), from -€158,695 to -€136,207
- Reserves -€15,391
down €15,391 (-4.5%), from €343,726 to €328,335
- Gross operating margin -€11,555
down €11,555 (-22.8%), from €50,766 to €39,211
- Financial charges -€3,326
down €3,326 (-37.4%), from €8,901 to €5,575
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €877,474 | €850,618 | -€26,856 | -3.1% |
| Fixed assets | 21/28 | €872,771 | €843,990 | -€28,781 | -3.3% |
| Tangible fixed assets | 22/27 | €872,771 | €843,990 | -€28,781 | -3.3% |
| Land and buildings | 22 | €872,771 | €843,990 | -€28,781 | -3.3% |
| Current assets | 29/58 | €4,703 | €6,628 | +€1,925 | +40.9% |
| Cash at bank and in hand | 54/58 | €1,629 | €6,628 | +€4,999 | +307% |
| Deferred charges and accrued income | 490/1 | €3,074 | - | -€3,074 | |
| Total equity and liabilities | 10/49 | €877,474 | €850,618 | -€26,856 | -3.1% |
| Equity | 10/15 | €538,978 | €546,076 | +€7,098 | +1.3% |
| Contributions | 10/11 | €353,947 | €353,947 | = | 0.0% |
| Capital | 10 | €353,947 | €353,947 | = | 0.0% |
| Issued capital | 100 | €353,947 | €353,947 | = | 0.0% |
| Reserves | 13 | €343,726 | €328,335 | -€15,391 | -4.5% |
| Tax-exempt reserves | 132 | €343,726 | €328,335 | -€15,391 | -4.5% |
| Profit (loss) carried forward | 14 | -€158,695 | -€136,207 | +€22,489 | +14.2% |
| Provisions and deferred taxes | 16 | €176,992 | €169,067 | -€7,925 | -4.5% |
| Deferred taxes | 168 | €176,992 | €169,067 | -€7,925 | -4.5% |
| Amounts payable | 17/49 | €161,504 | €135,476 | -€26,029 | -16.1% |
| Amounts payable after more than one year | 17 | €155,828 | - | -€155,828 | |
| Financial debts | 170/4 | €155,828 | - | -€155,828 | |
| Amounts payable within one year | 42/48 | €5,676 | €135,476 | +€129,800 | +2,287% |
| Taxes, remuneration and social security | 45 | €118 | €794 | +€676 | +575% |
| Taxes | 450/3 | €118 | €794 | +€676 | +575% |
| Other amounts payable | 47/48 | €5,558 | €134,682 | +€129,123 | +2,323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,781 | €28,781 | = | 0.0% |
| Other operating charges | 640/8 | €5,524 | €5,682 | +€157 | +2.9% |
| Gross operating margin | 9900 | €50,766 | €39,211 | -€11,555 | -22.8% |
| Operating profit (loss) | 9901 | €16,461 | €4,748 | -€11,713 | -71.2% |
| Financial charges | 65/66B | €8,901 | €5,575 | -€3,326 | -37.4% |
| Recurring financial charges | 65 | €8,901 | €5,575 | -€3,326 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €7,560 | -€827 | -€8,387 | |
| Transfer from deferred taxes | 780 | €7,925 | €7,925 | = | 0.0% |
| Profit (loss) for the period | 9904 | €15,485 | €7,098 | -€8,387 | -54.2% |
| Transfer from tax-exempt reserves | 789 | €15,391 | €15,391 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,875 | €22,489 | -€8,387 | -27.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.