Silver Lake: 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.
What changed
Silver Lake
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,359
2024 · -€18,855+€17,496
Equity
€724,668
2024 · €726,027-€1,359
Cash
€85,746
2024 · €246,429-€160,682
Balance sheet total
€2.3m
2024 · €2.2m+€64,352
Largest movements
Assets
- Stocks and contracts +€176,299
up €176,299 (+9.4%), from €1.9m to €2.1m
- Cash -€160,682
down €160,682 (-65.2%), from €246,429 to €85,746
mainly Stocks and contracts (-€176,299) and Advances received (-€70,459)
- Receivables within one year +€24,854
up €24,854 (+43.6%), from €57,046 to €81,900
of which Trade receivables: +€62,313
- Tangible fixed assets +€23,337
up €23,337 (+73.5%), from €31,772 to €55,109
of which Furniture and vehicles: +€26,422
Equity and liabilities
- Trade debts +€93,656
up €93,656 (+28.2%), from €332,653 to €426,309
- Advances received -€70,459
down €70,459 (-55.9%), from €125,943 to €55,484
Income statement
- Gross operating margin +€33,380
up €33,380 (+4.9%), from €682,670 to €716,050
- Other operating charges +€18,895
up €18,895 (+366%), from €5,165 to €24,060
- Financial charges -€15,166
down €15,166 (-23.6%), from €64,267 to €49,102
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.
Result 2024
-€18,855
Gross operating margin
+€33,380
Staff costs
+€2,202
Depreciation
-€3,475
Write-downs
-€2,658
Other operating charges
-€18,895
Financial income
-€7,022
Financial charges
+€15,166
Taxes
-€1,202
Result 2025
-€1,359
raises the resultlowers the result
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.
From operations
-€162,091
Investment
-€39,971
Financing
+€41,380
Cash 2024
€246,429
From operations (derived)
-€162,091
Net result for the year
-€1,359
Depreciation
+€16,633
Stocks and contracts
-€176,299
Receivables within one year
-€24,854
Deferred charges and accrued income
-€544
Provisions
-€771
Trade debts
+€93,656
Tax, wage and social debts
+€3,519
Advances received
-€70,459
Other debts
+€220
Accrued charges and deferred income
-€1,833
Investment (derived)
-€39,971
Investment in fixed assets (net)
-€39,971
Financing
+€41,380
Debts after one year
+€19,542
Current portion of long-term debt
+€309
Short-term financial debts
+€21,528
Cash 2025
€85,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,102 | €2,282,454 | +€64,352 | +2.9% |
| Fixed assets | 21/28 | €31,872 | €55,209 | +€23,337 | +73.2% |
| Tangible fixed assets | 22/27 | €31,772 | €55,109 | +€23,337 | +73.5% |
| Plant, machinery and equipment | 23 | €8,639 | €10,114 | +€1,475 | +17.1% |
| Furniture and vehicles | 24 | €4,927 | €31,349 | +€26,422 | +536% |
| Other tangible fixed assets | 26 | €18,206 | €13,646 | -€4,560 | -25.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €2,186,230 | €2,227,244 | +€41,015 | +1.9% |
| Stocks and contracts in progress | 3 | €1,875,523 | €2,051,822 | +€176,299 | +9.4% |
| Stocks | 30/36 | €1,875,523 | €2,051,822 | +€176,299 | +9.4% |
| Amounts receivable within one year | 40/41 | €57,046 | €81,900 | +€24,854 | +43.6% |
| Trade receivables | 40 | €17,420 | €79,733 | +€62,313 | +358% |
| Other amounts receivable | 41 | €39,625 | €2,166 | -€37,459 | -94.5% |
| Cash at bank and in hand | 54/58 | €246,429 | €85,746 | -€160,682 | -65.2% |
| Deferred charges and accrued income | 490/1 | €7,232 | €7,776 | +€544 | +7.5% |
| Total equity and liabilities | 10/49 | €2,218,102 | €2,282,454 | +€64,352 | +2.9% |
| Equity | 10/15 | €726,027 | €724,668 | -€1,359 | -0.2% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Capital | 10 | €270,000 | €270,000 | = | 0.0% |
| Issued capital | 100 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €456,027 | €454,668 | -€1,359 | -0.3% |
| Non-distributable reserves | 130/1 | €27,000 | €27,000 | = | 0.0% |
| Legal reserve | 130 | €27,000 | €27,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,215 | €8,901 | -€2,314 | -20.6% |
| Distributable reserves | 133 | €417,812 | €418,766 | +€954 | +0.2% |
| Provisions and deferred taxes | 16 | €2,699 | €1,928 | -€771 | -28.6% |
| Deferred taxes | 168 | €2,699 | €1,928 | -€771 | -28.6% |
| Amounts payable | 17/49 | €1,489,376 | €1,555,858 | +€66,482 | +4.5% |
| Amounts payable after more than one year | 17 | €169,206 | €188,748 | +€19,542 | +11.5% |
| Financial debts | 170/4 | €4,206 | €23,748 | +€19,542 | +465% |
| Other amounts payable | 178/9 | €165,000 | €165,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,308,868 | €1,357,641 | +€48,773 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €9,775 | €10,084 | +€309 | +3.2% |
| Financial debts | 43 | €710,035 | €731,563 | +€21,528 | +3.0% |
| Credit institutions | 430/8 | €710,035 | €731,563 | +€21,528 | +3.0% |
| Trade debts | 44 | €332,653 | €426,309 | +€93,656 | +28.2% |
| Suppliers | 440/4 | €332,653 | €426,309 | +€93,656 | +28.2% |
| Advances received on contracts in progress | 46 | €125,943 | €55,484 | -€70,459 | -55.9% |
| Taxes, remuneration and social security | 45 | €124,657 | €128,175 | +€3,519 | +2.8% |
| Taxes | 450/3 | €41,611 | €42,822 | +€1,211 | +2.9% |
| Remuneration and social security | 454/9 | €83,046 | €85,354 | +€2,308 | +2.8% |
| Other amounts payable | 47/48 | €5,805 | €6,025 | +€220 | +3.8% |
| Accrued charges and deferred income | 492/3 | €11,302 | €9,469 | -€1,833 | -16.2% |
| Non-recurring operating income | 76A | - | €9,144 | +€9,144 | |
| Remuneration, social security and pensions | 62 | €632,377 | €630,174 | -€2,202 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,158 | €16,633 | +€3,475 | +26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,088 | -€1,430 | +€2,658 | +65.0% |
| Other operating charges | 640/8 | €5,165 | €24,060 | +€18,895 | +366% |
| Gross operating margin | 9900 | €682,670 | €716,050 | +€33,380 | +4.9% |
| Operating profit (loss) | 9901 | €36,058 | €46,613 | +€10,555 | +29.3% |
| Financial income | 75/76B | €8,916 | €1,894 | -€7,022 | -78.8% |
| Recurring financial income | 75 | €4,405 | €1,691 | -€2,714 | -61.6% |
| Non-recurring financial income | 76B | €4,511 | €203 | -€4,308 | -95.5% |
| Financial charges | 65/66B | €64,267 | €49,102 | -€15,166 | -23.6% |
| Recurring financial charges | 65 | €64,267 | €49,102 | -€15,166 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,293 | -€594 | +€18,698 | +96.9% |
| Transfer from deferred taxes | 780 | €771 | €771 | = | 0.0% |
| Income taxes | 67/77 | €334 | €1,536 | +€1,202 | +360% |
| Profit (loss) for the period | 9904 | -€18,855 | -€1,359 | +€17,496 | +92.8% |
| Transfer from tax-exempt reserves | 789 | €2,314 | €2,314 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,541 | €954 | +€17,496 |
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 18 October 2026 via checked.be.