Silver Bear: 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.
Silver Bear
Largest movements
- Cash -€25,634
down €25,634 (-98.6%), from €25,991 to €358
mainly Other debts (-€26,910) and Net result for the year (-€17,996)
- Receivables within one year -€16,502
down €16,502 (-75.6%), from €21,827 to €5,325
of which Other amounts receivable: -€10,208
- Tangible fixed assets -€8,789
down €8,789 (-46.9%), from €18,725 to €9,936
of which Leasing and similar rights: -€7,606
- Intangible fixed assets +€1,699
new in 2025: €1,699
- Deferred charges and accrued income -€934
down €934 (-100.0%), from €934 to €0
- Other debts -€26,910
down €26,910 (-89.7%), from €30,000 to €3,090
- Profit (loss) carried forward -€17,996
down €17,996, from €4,876 to -€13,120
- Trade debts +€8,484
up €8,484 (+214.7%), from €3,952 to €12,437
- Tax, wage and social debts -€5,933
down €5,933 (-59.6%), from €9,962 to €4,029
- Debts after one year -€3,985
down €3,985 (-100.0%), from €3,985 to €0
- Gross operating margin -€74,749
down €74,749, from €71,094 to -€3,654
- Taxes -€11,172
down €11,172 (-95.7%), from €11,679 to €507
- Financial charges +€1,246
up €1,246 (+139.9%), from €891 to €2,137
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 | €67,477 | €17,318 | -€50,160 | -74.3% |
| Fixed assets | 21/28 | €18,725 | €11,635 | -€7,090 | -37.9% |
| Intangible fixed assets | 21 | - | €1,699 | +€1,699 | |
| Tangible fixed assets | 22/27 | €18,725 | €9,936 | -€8,789 | -46.9% |
| Furniture and vehicles | 24 | €8,805 | €7,623 | -€1,183 | -13.4% |
| Leasing and similar rights | 25 | €9,920 | €2,313 | -€7,606 | -76.7% |
| Current assets | 29/58 | €48,752 | €5,682 | -€43,070 | -88.3% |
| Amounts receivable within one year | 40/41 | €21,827 | €5,325 | -€16,502 | -75.6% |
| Trade receivables | 40 | €11,619 | €5,325 | -€6,294 | -54.2% |
| Other amounts receivable | 41 | €10,208 | €0 | -€10,208 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,991 | €358 | -€25,634 | -98.6% |
| Deferred charges and accrued income | 490/1 | €934 | €0 | -€934 | -100.0% |
| Total equity and liabilities | 10/49 | €67,477 | €17,318 | -€50,160 | -74.3% |
| Equity | 10/15 | €10,876 | -€7,120 | -€17,996 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,876 | -€13,120 | -€17,996 | |
| Amounts payable | 17/49 | €56,602 | €24,438 | -€32,164 | -56.8% |
| Amounts payable after more than one year | 17 | €3,985 | €0 | -€3,985 | -100.0% |
| Financial debts | 170/4 | €3,985 | €0 | -€3,985 | -100.0% |
| Amounts payable within one year | 42/48 | €51,761 | €23,541 | -€28,220 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €7,846 | €3,985 | -€3,861 | -49.2% |
| Trade debts | 44 | €3,952 | €12,437 | +€8,484 | +214.7% |
| Suppliers | 440/4 | €3,952 | €12,437 | +€8,484 | +214.7% |
| Taxes, remuneration and social security | 45 | €9,962 | €4,029 | -€5,933 | -59.6% |
| Taxes | 450/3 | €9,962 | €4,029 | -€5,933 | -59.6% |
| Other amounts payable | 47/48 | €30,000 | €3,090 | -€26,910 | -89.7% |
| Accrued charges and deferred income | 492/3 | €855 | €897 | +€41 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €10,379 | +€454 | +4.6% |
| Other operating charges | 640/8 | €746 | €1,329 | +€583 | +78.1% |
| Gross operating margin | 9900 | €71,094 | -€3,654 | -€74,749 | |
| Operating profit (loss) | 9901 | €60,423 | -€15,362 | -€75,785 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €891 | €2,137 | +€1,246 | +139.9% |
| Recurring financial charges | 65 | €891 | €2,137 | +€1,246 | +139.9% |
| Profit (loss) for the period before taxes | 9903 | €59,532 | -€17,489 | -€77,021 | |
| Income taxes | 67/77 | €11,679 | €507 | -€11,172 | -95.7% |
| Profit (loss) for the period | 9904 | €47,853 | -€17,996 | -€65,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,853 | -€17,996 | -€65,849 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.