SILVER CLOUD: 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 CLOUD
Largest movements
- Stocks and contracts -€9.7m
no longer reported in 2025 (was €9.7m)
- Financial fixed assets +€4.3m
up €4.3m (+85850.0%), from €5,000 to €4.3m
- Profit (loss) carried forward -€5.5m
down €5.5m (-181.3%), from -€3.0m to -€8.6m
- Other debts +€171,000
up €171,000 (+1.4%), from €12.6m to €12.8m
- Trade debts -€140,305
no longer reported in 2025 (was €140,305)
- Gross operating margin -€5.4m
down €5.4m, from €6,222 to -€5.4m
- Financial income -€284,400
down €284,400 (-99.9%), from €284,648 to €248
of which Financial income: -€284,400
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 | €9,783,125 | €4,302,545 | -€5.5m | -56.0% |
| Fixed assets | 21/28 | €5,000 | €4,297,500 | +€4.3m | +85850.0% |
| Financial fixed assets | 28 | €5,000 | €4,297,500 | +€4.3m | +85850.0% |
| Current assets | 29/58 | €9,778,125 | €5,045 | -€9.8m | -99.9% |
| Stocks and contracts in progress | 3 | €9,709,934 | - | -€9.7m | |
| Stocks | 30/36 | €9,709,934 | - | -€9.7m | |
| Amounts receivable within one year | 40/41 | €67,383 | - | -€67,383 | |
| Other amounts receivable | 41 | €67,383 | - | -€67,383 | |
| Cash at bank and in hand | 54/58 | €809 | €5,045 | +€4,237 | +523.9% |
| Total equity and liabilities | 10/49 | €9,783,125 | €4,302,545 | -€5.5m | -56.0% |
| Equity | 10/15 | -€2,978,454 | -€8,489,729 | -€5.5m | -185.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,039,954 | -€8,551,229 | -€5.5m | -181.3% |
| Amounts payable | 17/49 | €12,761,579 | €12,792,274 | +€30,695 | +0.2% |
| Amounts payable within one year | 42/48 | €12,761,579 | €12,792,274 | +€30,695 | +0.2% |
| Trade debts | 44 | €140,305 | - | -€140,305 | |
| Suppliers | 440/4 | €140,305 | - | -€140,305 | |
| Other amounts payable | 47/48 | €12,621,274 | €12,792,274 | +€171,000 | +1.4% |
| Other operating charges | 640/8 | €3,883 | - | -€3,883 | |
| Non-recurring operating charges | 66A | €197,000 | €60,500 | -€136,500 | -69.3% |
| Gross operating margin | 9900 | €6,222 | -€5,427,943 | -€5.4m | |
| Operating profit (loss) | 9901 | -€194,660 | -€5,488,443 | -€5.3m | -2719.5% |
| Financial income | 75/76B | €284,648 | €248 | -€284,400 | -99.9% |
| Recurring financial income | 75 | €284,648 | €248 | -€284,400 | -99.9% |
| Non-recurring financial income | 76B | €284,648 | €248 | -€284,400 | -99.9% |
| Financial charges | 65/66B | €24 | €23,080 | +€23,056 | +96067.5% |
| Recurring financial charges | 65 | €24 | €23,080 | +€23,056 | +96067.5% |
| Profit (loss) for the period before taxes | 9903 | €89,964 | -€5,511,275 | -€5.6m | |
| Profit (loss) for the period | 9904 | €89,964 | -€5,511,275 | -€5.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €89,964 | -€5,511,275 | -€5.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.