Silver Lining Strategies: 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 Lining Strategies
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€31,256
down €31,256 (-62.3%), from €50,186 to €18,930
mainly Current investments (-€40,000) and Investment in fixed assets (net) (-€26,152)
- Tangible fixed assets +€22,334
up €22,334 (+258%), from €8,654 to €30,988
of which Plant, machinery and equipment: +€14,026
- Receivables within one year -€2,087
down €2,087 (-11.9%), from €17,533 to €15,446
- Reserves +€38,173
up €38,173 (+81.9%), from €46,619 to €84,792
- Tax, wage and social debts -€4,272
down €4,272 (-18.4%), from €23,182 to €18,910
of which Remuneration and social security: -€2,196
- Trade debts -€3,178
down €3,178 (-85.9%), from €3,701 to €523
- Other debts -€1,624
down €1,624 (-93.7%), from €1,733 to €109
- Gross operating margin -€6,661
down €6,661 (-10.2%), from €65,556 to €58,895
- Depreciation +€3,397
up €3,397 (+805%), from €422 to €3,818
- Taxes -€2,766
down €2,766 (-20.1%), from €13,791 to €11,025
- Financial charges +€1,999
up €1,999 (+79.1%), from €2,527 to €4,526
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 | €78,234 | €107,333 | +€29,099 | +37.2% |
| Fixed assets | 21/28 | €8,654 | €30,988 | +€22,334 | +258% |
| Tangible fixed assets | 22/27 | €8,654 | €30,988 | +€22,334 | +258% |
| Plant, machinery and equipment | 23 | €6,470 | €20,496 | +€14,026 | +217% |
| Furniture and vehicles | 24 | €609 | €9,239 | +€8,629 | +1,417% |
| Leasing and similar rights | 25 | €1,575 | €1,253 | -€321 | -20.4% |
| Current assets | 29/58 | €69,580 | €76,345 | +€6,765 | +9.7% |
| Amounts receivable within one year | 40/41 | €17,533 | €15,446 | -€2,087 | -11.9% |
| Trade receivables | 40 | €17,533 | €15,446 | -€2,087 | -11.9% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €50,186 | €18,930 | -€31,256 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,969 | +€108 | +5.8% |
| Total equity and liabilities | 10/49 | €78,234 | €107,333 | +€29,099 | +37.2% |
| Equity | 10/15 | €49,619 | €87,792 | +€38,173 | +76.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,619 | €84,792 | +€38,173 | +81.9% |
| Distributable reserves | 133 | €46,619 | €84,792 | +€38,173 | +81.9% |
| Amounts payable | 17/49 | €28,615 | €19,541 | -€9,074 | -31.7% |
| Amounts payable within one year | 42/48 | €28,615 | €19,541 | -€9,074 | -31.7% |
| Trade debts | 44 | €3,701 | €523 | -€3,178 | -85.9% |
| Suppliers | 440/4 | €3,701 | €523 | -€3,178 | -85.9% |
| Taxes, remuneration and social security | 45 | €23,182 | €18,910 | -€4,272 | -18.4% |
| Taxes | 450/3 | €20,986 | €18,910 | -€2,076 | -9.9% |
| Remuneration and social security | 454/9 | €2,196 | - | -€2,196 | |
| Other amounts payable | 47/48 | €1,733 | €109 | -€1,624 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €3,818 | +€3,397 | +805% |
| Other operating charges | 640/8 | €532 | €520 | -€12 | -2.2% |
| Gross operating margin | 9900 | €65,556 | €58,895 | -€6,661 | -10.2% |
| Operating profit (loss) | 9901 | €64,603 | €54,557 | -€10,046 | -15.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,527 | €4,526 | +€1,999 | +79.1% |
| Recurring financial charges | 65 | €2,527 | €4,526 | +€1,999 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €62,076 | €50,031 | -€12,045 | -19.4% |
| Income taxes | 67/77 | €13,791 | €11,025 | -€2,766 | -20.1% |
| Profit (loss) for the period | 9904 | €48,285 | €39,006 | -€9,279 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,285 | €39,006 | -€9,279 | -19.2% |
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 23 October 2026 via checked.be.