SILVANN'O: 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.
SILVANN'O
Largest movements
- Tangible fixed assets -€5,178
down €5,178 (-18.1%), from €28,622 to €23,444
of which Other tangible fixed assets: -€3,666
- Cash -€4,926
down €4,926 (-74.1%), from €6,648 to €1,722
mainly Current portion of long-term debt (-€6,953) and Other debts (-€6,637)
- Receivables within one year -€3,003
no longer reported in 2025 (was €3,003)
- Stocks and contracts -€1,335
down €1,335 (-21.6%), from €6,170 to €4,835
- Current portion of long-term debt -€6,953
no longer reported in 2025 (was €6,953)
- Other debts -€6,637
down €6,637 (-69.8%), from €9,502 to €2,865
- Tax, wage and social debts -€3,214
down €3,214 (-34.8%), from €9,226 to €6,012
of which Taxes: -€3,264
- Trade debts +€2,741
up €2,741 (+30.3%), from €9,059 to €11,799
- Gross operating margin -€4,065
down €4,065 (-7.7%), from €52,941 to €48,876
- Staff costs +€1,218
up €1,218 (+3.4%), from €35,985 to €37,203
- Financial charges -€744
down €744 (-13.6%), from €5,465 to €4,721
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.
Derived cash bridge
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 | €44,817 | €30,413 | -€14,405 | -32.1% |
| Fixed assets | 21/28 | €28,622 | €23,444 | -€5,178 | -18.1% |
| Tangible fixed assets | 22/27 | €28,622 | €23,444 | -€5,178 | -18.1% |
| Furniture and vehicles | 24 | €4,776 | €3,264 | -€1,512 | -31.7% |
| Other tangible fixed assets | 26 | €23,846 | €20,181 | -€3,666 | -15.4% |
| Current assets | 29/58 | €16,195 | €6,968 | -€9,227 | -57.0% |
| Stocks and contracts in progress | 3 | €6,170 | €4,835 | -€1,335 | -21.6% |
| Stocks | 30/36 | €6,170 | €4,835 | -€1,335 | -21.6% |
| Amounts receivable within one year | 40/41 | €3,003 | - | -€3,003 | |
| Trade receivables | 40 | €3,003 | - | -€3,003 | |
| Cash at bank and in hand | 54/58 | €6,648 | €1,722 | -€4,926 | -74.1% |
| Deferred charges and accrued income | 490/1 | €373 | €411 | +€38 | +10.2% |
| Total equity and liabilities | 10/49 | €44,817 | €30,413 | -€14,405 | -32.1% |
| Equity | 10/15 | €10,012 | €9,671 | -€342 | -3.4% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,152 | €7,811 | -€342 | -4.2% |
| Amounts payable | 17/49 | €34,805 | €20,742 | -€14,063 | -40.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,740 | €20,677 | -€14,063 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €6,953 | - | -€6,953 | |
| Trade debts | 44 | €9,059 | €11,799 | +€2,741 | +30.3% |
| Suppliers | 440/4 | €9,059 | €11,799 | +€2,741 | +30.3% |
| Taxes, remuneration and social security | 45 | €9,226 | €6,012 | -€3,214 | -34.8% |
| Taxes | 450/3 | €5,856 | €2,592 | -€3,264 | -55.7% |
| Remuneration and social security | 454/9 | €3,370 | €3,420 | +€50 | +1.5% |
| Other amounts payable | 47/48 | €9,502 | €2,865 | -€6,637 | -69.8% |
| Accrued charges and deferred income | 492/3 | €65 | €65 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,985 | €37,203 | +€1,218 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,397 | €5,178 | -€219 | -4.1% |
| Other operating charges | 640/8 | €1,812 | €1,847 | +€34 | +1.9% |
| Gross operating margin | 9900 | €52,941 | €48,876 | -€4,065 | -7.7% |
| Operating profit (loss) | 9901 | €9,747 | €4,649 | -€5,099 | -52.3% |
| Financial income | 75/76B | €1 | €1 | +€0 | +7.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +7.5% |
| Financial charges | 65/66B | €5,465 | €4,721 | -€744 | -13.6% |
| Recurring financial charges | 65 | €5,465 | €4,721 | -€744 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €4,283 | -€71 | -€4,355 | |
| Income taxes | 67/77 | €134 | €270 | +€136 | +101% |
| Profit (loss) for the period | 9904 | €4,149 | -€342 | -€4,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,149 | -€342 | -€4,490 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.