SILVER INVEST: 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 INVEST
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Receivables within one year -€200,025
down €200,025 (-89.0%), from €224,718 to €24,693
of which Trade receivables: -€200,000
- Cash -€195,764
down €195,764 (-41.5%), from €471,224 to €275,460
mainly Current investments (-€600,000) and Smaller working-capital items (-€94)
- Tangible fixed assets -€17,006
down €17,006 (-26.2%), from €64,903 to €47,897
- Reserves +€187,299
up €187,299 (+25.6%), from €730,822 to €918,121
of which Distributable reserves: +€187,299
No income-statement line moved by more than 1% of the activity.
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 | €760,845 | €948,050 | +€187,205 | +24.6% |
| Fixed assets | 21/28 | €64,903 | €47,897 | -€17,006 | -26.2% |
| Tangible fixed assets | 22/27 | €64,903 | €47,897 | -€17,006 | -26.2% |
| Furniture and vehicles | 24 | €64,903 | €47,897 | -€17,006 | -26.2% |
| Current assets | 29/58 | €695,942 | €900,153 | +€204,211 | +29.3% |
| Amounts receivable within one year | 40/41 | €224,718 | €24,693 | -€200,025 | -89.0% |
| Trade receivables | 40 | €224,200 | €24,200 | -€200,000 | -89.2% |
| Other amounts receivable | 41 | €518 | €493 | -€25 | -4.8% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €471,224 | €275,460 | -€195,764 | -41.5% |
| Total equity and liabilities | 10/49 | €760,845 | €948,050 | +€187,205 | +24.6% |
| Equity | 10/15 | €749,422 | €936,721 | +€187,299 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €730,822 | €918,121 | +€187,299 | +25.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €730,822 | €918,121 | +€187,299 | +25.6% |
| Amounts payable | 17/49 | €11,423 | €11,329 | -€94 | -0.8% |
| Amounts payable within one year | 42/48 | €11,423 | €11,329 | -€94 | -0.8% |
| Trade debts | 44 | €186 | €136 | -€49 | -26.5% |
| Suppliers | 440/4 | €186 | €136 | -€49 | -26.5% |
| Taxes, remuneration and social security | 45 | €10,888 | €10,843 | -€45 | -0.4% |
| Taxes | 450/3 | €8,888 | €8,843 | -€45 | -0.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €350 | €350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,006 | €17,006 | = | 0.0% |
| Other operating charges | 640/8 | €2,061 | €829 | -€1,232 | -59.8% |
| Gross operating margin | 9900 | €257,254 | €255,900 | -€1,354 | -0.5% |
| Operating profit (loss) | 9901 | €238,187 | €238,065 | -€122 | -0.1% |
| Financial income | 75/76B | €7,155 | €5,510 | -€1,645 | -23.0% |
| Recurring financial income | 75 | €7,155 | €5,510 | -€1,645 | -23.0% |
| Financial charges | 65/66B | €87 | €116 | +€29 | +33.1% |
| Recurring financial charges | 65 | €87 | €116 | +€29 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €245,255 | €243,459 | -€1,796 | -0.7% |
| Income taxes | 67/77 | €56,628 | €56,160 | -€469 | -0.8% |
| Profit (loss) for the period | 9904 | €188,627 | €187,299 | -€1,328 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €188,627 | €187,299 | -€1,328 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.