SILVER CITY: 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.
SILVER CITY
Largest movements
- Tangible fixed assets -€14,880
down €14,880 (-39.7%), from €37,446 to €22,566
of which Plant, machinery and equipment: -€8,190
- Cash -€7,160
down €7,160 (-15.4%), from €46,491 to €39,331
mainly Net result for the year (-€20,738) and Investment in fixed assets (net) (-€2,210)
- Profit (loss) carried forward -€20,738
down €20,738 (-27.4%), from -€75,603 to -€96,341
- Depreciation -€9,794
down €9,794 (-36.4%), from €26,884 to €17,090
- Gross operating margin -€2,757
down €2,757 (-831%), from -€332 to -€3,089
- Financial charges -€161
down €161 (-31.5%), from €511 to €350
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 | €93,785 | €71,786 | -€21,999 | -23.5% |
| Fixed assets | 21/28 | €37,446 | €22,566 | -€14,880 | -39.7% |
| Tangible fixed assets | 22/27 | €37,446 | €22,566 | -€14,880 | -39.7% |
| Plant, machinery and equipment | 23 | €24,065 | €15,875 | -€8,190 | -34.0% |
| Furniture and vehicles | 24 | €13,381 | €6,690 | -€6,690 | -50.0% |
| Current assets | 29/58 | €56,339 | €49,220 | -€7,119 | -12.6% |
| Amounts receivable within one year | 40/41 | €9,688 | €9,812 | +€124 | +1.3% |
| Trade receivables | 40 | €4,296 | €5,899 | +€1,603 | +37.3% |
| Other amounts receivable | 41 | €5,392 | €3,913 | -€1,479 | -27.4% |
| Cash at bank and in hand | 54/58 | €46,491 | €39,331 | -€7,160 | -15.4% |
| Deferred charges and accrued income | 490/1 | €160 | €77 | -€83 | -51.6% |
| Total equity and liabilities | 10/49 | €93,785 | €71,786 | -€21,999 | -23.5% |
| Equity | 10/15 | €92,208 | €71,470 | -€20,738 | -22.5% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €156,811 | €156,811 | = | 0.0% |
| Distributable reserves | 133 | €156,811 | €156,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,603 | -€96,341 | -€20,738 | -27.4% |
| Amounts payable | 17/49 | €1,577 | €316 | -€1,261 | -80.0% |
| Amounts payable within one year | 42/48 | €1,577 | €316 | -€1,261 | -80.0% |
| Financial debts | 43 | €814 | - | -€814 | |
| Credit institutions | 430/8 | €814 | - | -€814 | |
| Trade debts | 44 | €763 | €51 | -€712 | -93.3% |
| Suppliers | 440/4 | €763 | €51 | -€712 | -93.3% |
| Taxes, remuneration and social security | 45 | - | €265 | +€265 | |
| Taxes | 450/3 | - | €265 | +€265 | |
| Non-recurring operating income | 76A | €343 | €631 | +€288 | +84.0% |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,884 | €17,090 | -€9,794 | -36.4% |
| Non-recurring operating charges | 66A | €297 | - | -€297 | |
| Gross operating margin | 9900 | -€332 | -€3,089 | -€2,757 | -831% |
| Operating profit (loss) | 9901 | -€27,530 | -€20,179 | +€7,351 | +26.7% |
| Financial income | 75/76B | €30 | €56 | +€26 | +89.0% |
| Recurring financial income | 75 | €30 | €56 | +€26 | +89.0% |
| Financial charges | 65/66B | €511 | €350 | -€161 | -31.5% |
| Recurring financial charges | 65 | €511 | €350 | -€161 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,011 | -€20,473 | +€7,538 | +26.9% |
| Income taxes | 67/77 | €257 | €265 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | -€28,268 | -€20,738 | +€7,530 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,268 | -€20,738 | +€7,530 | +26.6% |
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 28 October 2026 via checked.be.