SILVANHEM: 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.
SILVANHEM
Largest movements
- Receivables within one year +€196,063
up €196,063 (+34.1%), from €575,462 to €771,525
of which Other amounts receivable: +€201,783
- Deferred charges and accrued income -€149,398
no longer reported in 2025 (was €149,398)
- Tangible fixed assets +€25,804
up €25,804 (+3.6%), from €723,286 to €749,091
of which Land and buildings: +€587,886
- Intangible fixed assets -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Profit (loss) carried forward +€547,424
up €547,424 (+35638.2%), from €1,536 to €548,961
- Reserves -€500,000
down €500,000 (-67.0%), from €746,000 to €246,000
of which Non-distributable reserves: -€525,000
- Debts after one year -€40,771
down €40,771 (-6.5%), from €629,694 to €588,923
- Trade debts +€29,016
up €29,016 (+223.6%), from €12,977 to €41,993
- Gross operating margin +€44,161
up €44,161 (+7.9%), from €560,011 to €604,172
- Taxes -€25,831
down €25,831 (-18.6%), from €138,708 to €112,877
- Depreciation +€13,113
up €13,113 (+10.5%), from €125,147 to €138,260
- Other operating charges +€6,921
up €6,921 (+252.2%), from €2,744 to €9,665
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 | €1,568,700 | €1,623,691 | +€54,991 | +3.5% |
| Fixed assets | 21/28 | €823,424 | €824,228 | +€804 | +0.1% |
| Intangible fixed assets | 21 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Tangible fixed assets | 22/27 | €723,286 | €749,091 | +€25,804 | +3.6% |
| Land and buildings | 22 | - | €587,886 | +€587,886 | |
| Furniture and vehicles | 24 | €119,323 | €161,205 | +€41,882 | +35.1% |
| Leasing and similar rights | 25 | €603,964 | - | -€603,964 | |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €745,276 | €799,463 | +€54,187 | +7.3% |
| Amounts receivable within one year | 40/41 | €575,462 | €771,525 | +€196,063 | +34.1% |
| Trade receivables | 40 | €5,720 | - | -€5,720 | |
| Other amounts receivable | 41 | €569,742 | €771,525 | +€201,783 | +35.4% |
| Cash at bank and in hand | 54/58 | €20,416 | €27,938 | +€7,521 | +36.8% |
| Deferred charges and accrued income | 490/1 | €149,398 | - | -€149,398 | |
| Total equity and liabilities | 10/49 | €1,568,700 | €1,623,691 | +€54,991 | +3.5% |
| Equity | 10/15 | €767,996 | €815,421 | +€47,425 | +6.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €746,000 | €246,000 | -€500,000 | -67.0% |
| Non-distributable reserves | 130/1 | €525,000 | - | -€525,000 | |
| Reserves not available under the articles | 1311 | €525,000 | - | -€525,000 | |
| Distributable reserves | 133 | €221,000 | €246,000 | +€25,000 | +11.3% |
| Profit (loss) carried forward | 14 | €1,536 | €548,961 | +€547,424 | +35638.2% |
| Amounts payable | 17/49 | €800,704 | €808,271 | +€7,566 | +0.9% |
| Amounts payable after more than one year | 17 | €629,694 | €588,923 | -€40,771 | -6.5% |
| Financial debts | 170/4 | €629,694 | €588,923 | -€40,771 | -6.5% |
| Amounts payable within one year | 42/48 | €164,612 | €219,348 | +€54,736 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €77,219 | €85,399 | +€8,179 | +10.6% |
| Financial debts | 43 | €105 | €2,744 | +€2,639 | +2522.5% |
| Credit institutions | 430/8 | €105 | €2,744 | +€2,639 | +2522.5% |
| Trade debts | 44 | €12,977 | €41,993 | +€29,016 | +223.6% |
| Suppliers | 440/4 | €12,977 | €41,993 | +€29,016 | +223.6% |
| Taxes, remuneration and social security | 45 | €74,310 | €89,212 | +€14,902 | +20.1% |
| Taxes | 450/3 | €71,219 | €84,127 | +€12,908 | +18.1% |
| Remuneration and social security | 454/9 | €3,092 | €5,085 | +€1,994 | +64.5% |
| Accrued charges and deferred income | 492/3 | €6,398 | - | -€6,398 | |
| Non-recurring operating income | 76A | - | €2,030 | +€2,030 | |
| Remuneration, social security and pensions | 62 | €36,890 | €40,793 | +€3,903 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,147 | €138,260 | +€13,113 | +10.5% |
| Other operating charges | 640/8 | €2,744 | €9,665 | +€6,921 | +252.2% |
| Gross operating margin | 9900 | €560,011 | €604,172 | +€44,161 | +7.9% |
| Operating profit (loss) | 9901 | €395,231 | €415,454 | +€20,223 | +5.1% |
| Financial income | 75/76B | €40,817 | €43,754 | +€2,937 | +7.2% |
| Recurring financial income | 75 | €40,817 | €43,754 | +€2,937 | +7.2% |
| Financial charges | 65/66B | €22,101 | €23,907 | +€1,806 | +8.2% |
| Recurring financial charges | 65 | €21,854 | €23,907 | +€2,053 | +9.4% |
| Non-recurring financial charges | 66B | €247 | - | -€247 | |
| Profit (loss) for the period before taxes | 9903 | €413,947 | €435,301 | +€21,354 | +5.2% |
| Income taxes | 67/77 | €138,708 | €112,877 | -€25,831 | -18.6% |
| Profit (loss) for the period | 9904 | €275,240 | €322,425 | +€47,185 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €275,240 | €322,425 | +€47,185 | +17.1% |
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 2 October 2026 via checked.be.