Silver Hour: 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 Hour
Largest movements
- Receivables within one year +€10,322
up €10,322 (+1213.6%), from €851 to €11,173
of which Trade receivables: +€10,029
- Tangible fixed assets -€6,067
down €6,067 (-8.4%), from €71,799 to €65,732
of which Plant, machinery and equipment: -€12,655
- Intangible fixed assets -€5,600
down €5,600 (-13.3%), from €42,192 to €36,592
- Cash -€1,499
down €1,499 (-40.5%), from €3,704 to €2,205
mainly Net result for the year (-€45,563) and Investment in fixed assets (net) (-€16,587)
- Profit (loss) carried forward -€45,563
down €45,563 (-157.0%), from -€29,026 to -€74,590
- Trade debts +€17,890
up €17,890 (+432.8%), from €4,134 to €22,023
- Tax, wage and social debts +€14,861
up €14,861 (+221.2%), from €6,717 to €21,579
of which Remuneration and social security: +€13,696
- Debts after one year +€6,030
up €6,030 (+28.8%), from €20,906 to €26,936
- Current portion of long-term debt +€5,534
up €5,534 (+45.2%), from €12,252 to €17,786
- Gross operating margin -€15,725
down €15,725 (-61.3%), from €25,659 to €9,934
- Staff costs +€12,123
up €12,123 (+135.1%), from €8,974 to €21,097
- Other operating charges +€1,730
up €1,730 (+124.2%), from €1,394 to €3,124
- Financial income -€325
down €325 (-100.0%), from €325 to €0
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 | €134,363 | €131,052 | -€3,311 | -2.5% |
| Fixed assets | 21/28 | €116,841 | €105,174 | -€11,667 | -10.0% |
| Intangible fixed assets | 21 | €42,192 | €36,592 | -€5,600 | -13.3% |
| Tangible fixed assets | 22/27 | €71,799 | €65,732 | -€6,067 | -8.4% |
| Plant, machinery and equipment | 23 | €67,354 | €54,699 | -€12,655 | -18.8% |
| Furniture and vehicles | 24 | €4,446 | €7,981 | +€3,536 | +79.5% |
| Other tangible fixed assets | 26 | - | €3,052 | +€3,052 | |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €17,523 | €25,878 | +€8,355 | +47.7% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €851 | €11,173 | +€10,322 | +1213.6% |
| Trade receivables | 40 | €851 | €10,879 | +€10,029 | +1179.0% |
| Other amounts receivable | 41 | - | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €3,704 | €2,205 | -€1,499 | -40.5% |
| Deferred charges and accrued income | 490/1 | €468 | €0 | -€468 | -100.0% |
| Total equity and liabilities | 10/49 | €134,363 | €131,052 | -€3,311 | -2.5% |
| Equity | 10/15 | -€28,026 | -€73,590 | -€45,563 | -162.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,026 | -€74,590 | -€45,563 | -157.0% |
| Amounts payable | 17/49 | €162,390 | €204,642 | +€42,252 | +26.0% |
| Amounts payable after more than one year | 17 | €20,906 | €26,936 | +€6,030 | +28.8% |
| Financial debts | 170/4 | €20,906 | €26,936 | +€6,030 | +28.8% |
| Amounts payable within one year | 42/48 | €138,325 | €177,706 | +€39,380 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €12,252 | €17,786 | +€5,534 | +45.2% |
| Trade debts | 44 | €4,134 | €22,023 | +€17,890 | +432.8% |
| Suppliers | 440/4 | €4,134 | €22,023 | +€17,890 | +432.8% |
| Taxes, remuneration and social security | 45 | €6,717 | €21,579 | +€14,861 | +221.2% |
| Taxes | 450/3 | €6,290 | €7,456 | +€1,166 | +18.5% |
| Remuneration and social security | 454/9 | €427 | €14,123 | +€13,696 | +3206.3% |
| Other amounts payable | 47/48 | €115,223 | €116,318 | +€1,095 | +1.0% |
| Accrued charges and deferred income | 492/3 | €3,158 | €0 | -€3,158 | -100.0% |
| Remuneration, social security and pensions | 62 | €8,974 | €21,097 | +€12,123 | +135.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,264 | €28,253 | -€11 | 0.0% |
| Other operating charges | 640/8 | €1,394 | €3,124 | +€1,730 | +124.2% |
| Gross operating margin | 9900 | €25,659 | €9,934 | -€15,725 | -61.3% |
| Operating profit (loss) | 9901 | -€12,973 | -€42,541 | -€29,568 | -227.9% |
| Financial income | 75/76B | €325 | €0 | -€325 | -100.0% |
| Recurring financial income | 75 | €325 | €0 | -€325 | -100.0% |
| Financial charges | 65/66B | €3,203 | €3,023 | -€180 | -5.6% |
| Recurring financial charges | 65 | €3,203 | €3,023 | -€180 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,851 | -€45,563 | -€29,712 | -187.4% |
| Profit (loss) for the period | 9904 | -€15,851 | -€45,563 | -€29,712 | -187.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,851 | -€45,563 | -€29,712 | -187.4% |
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 6 October 2026 via checked.be.