SILVER.K: 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.K
Largest movements
- Tangible fixed assets -€25,350
down €25,350 (-43.6%), from €58,187 to €32,837
- Cash +€10,781
up €10,781 (+230.8%), from €4,671 to €15,452
mainly Investment in fixed assets (net) (+€16,802) and Depreciation (+€8,548)
- Receivables within one year -€4,556
down €4,556 (-10.6%), from €42,943 to €38,388
- Debts after one year -€12,362
down €12,362 (-34.4%), from €35,929 to €23,568
- Current portion of long-term debt -€3,394
down €3,394 (-30.6%), from €11,077 to €7,683
- Tax, wage and social debts -€2,722
down €2,722 (-68.8%), from €3,954 to €1,233
of which Remuneration and social security: -€2,138
- Financial charges +€1,120
up €1,120 (+71.7%), from €1,562 to €2,683
- Other operating charges +€881
up €881 (+66.0%), from €1,335 to €2,216
- Depreciation +€717
up €717 (+9.2%), from €7,831 to €8,548
- Gross operating margin +€242
up €242 (+1.6%), from €15,282 to €15,524
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 | €106,251 | €87,126 | -€19,125 | -18.0% |
| Fixed assets | 21/28 | €58,637 | €33,287 | -€25,350 | -43.2% |
| Tangible fixed assets | 22/27 | €58,187 | €32,837 | -€25,350 | -43.6% |
| Furniture and vehicles | 24 | €58,187 | €32,837 | -€25,350 | -43.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €47,615 | €53,840 | +€6,225 | +13.1% |
| Amounts receivable within one year | 40/41 | €42,943 | €38,388 | -€4,556 | -10.6% |
| Other amounts receivable | 41 | €42,943 | €38,388 | -€4,556 | -10.6% |
| Cash at bank and in hand | 54/58 | €4,671 | €15,452 | +€10,781 | +230.8% |
| Total equity and liabilities | 10/49 | €106,251 | €87,126 | -€19,125 | -18.0% |
| Equity | 10/15 | €53,405 | €53,493 | +€87 | +0.2% |
| Contributions | 10/11 | €19,100 | €19,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,305 | €34,393 | +€87 | +0.3% |
| Amounts payable | 17/49 | €52,846 | €33,634 | -€19,212 | -36.4% |
| Amounts payable after more than one year | 17 | €35,929 | €23,568 | -€12,362 | -34.4% |
| Financial debts | 170/4 | €35,929 | €23,568 | -€12,362 | -34.4% |
| Amounts payable within one year | 42/48 | €16,916 | €10,066 | -€6,850 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €11,077 | €7,683 | -€3,394 | -30.6% |
| Trade debts | 44 | €1,885 | €1,151 | -€735 | -39.0% |
| Suppliers | 440/4 | €1,885 | €1,151 | -€735 | -39.0% |
| Taxes, remuneration and social security | 45 | €3,954 | €1,233 | -€2,722 | -68.8% |
| Taxes | 450/3 | €1,816 | €1,233 | -€583 | -32.1% |
| Remuneration and social security | 454/9 | €2,138 | - | -€2,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,831 | €8,548 | +€717 | +9.2% |
| Other operating charges | 640/8 | €1,335 | €2,216 | +€881 | +66.0% |
| Non-recurring operating charges | 66A | - | €1,403 | +€1,403 | |
| Gross operating margin | 9900 | €15,282 | €15,524 | +€242 | +1.6% |
| Operating profit (loss) | 9901 | €6,116 | €3,358 | -€2,759 | -45.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,562 | €2,683 | +€1,120 | +71.7% |
| Recurring financial charges | 65 | €1,562 | €2,683 | +€1,120 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €4,554 | €675 | -€3,879 | -85.2% |
| Income taxes | 67/77 | €604 | €588 | -€16 | -2.6% |
| Profit (loss) for the period | 9904 | €3,950 | €87 | -€3,863 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,950 | €87 | -€3,863 | -97.8% |
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 3 October 2026 via checked.be.