Silver Star ATC: 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 Star ATC
Largest movements
- Receivables within one year +€11,102
up €11,102 (+205%), from €5,406 to €16,508
of which Trade receivables: +€6,648
- Stocks and contracts +€10,500
up €10,500 (+32.9%), from €31,900 to €42,400
- Cash -€6,462
down €6,462 (-13.7%), from €47,150 to €40,687
mainly Receivables within one year (-€11,102) and Stocks and contracts (-€10,500)
- Deferred charges and accrued income +€4,023
up €4,023 (+111%), from €3,610 to €7,632
- Current investments +€2,724
up €2,724 (+112%), from €2,424 to €5,148
- Other debts +€9,071
up €9,071 (+185%), from €4,908 to €13,979
- Reserves +€8,458
up €8,458 (+13.1%), from €64,719 to €73,177
- Trade debts +€7,004
up €7,004 (+133%), from €5,278 to €12,282
- Tax, wage and social debts -€3,967
down €3,967 (-30.5%), from €13,005 to €9,038
of which Taxes: -€4,171
- Gross operating margin -€12,955
down €12,955 (-35.1%), from €36,913 to €23,958
- Taxes -€5,177
down €5,177 (-46.1%), from €11,229 to €6,052
- Depreciation -€583
down €583 (-29.1%), from €2,001 to €1,418
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 | €94,778 | €115,247 | +€20,469 | +21.6% |
| Fixed assets | 21/28 | €4,289 | €2,871 | -€1,418 | -33.1% |
| Tangible fixed assets | 22/27 | €4,289 | €2,871 | -€1,418 | -33.1% |
| Plant, machinery and equipment | 23 | €4,289 | €2,871 | -€1,418 | -33.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €90,489 | €112,376 | +€21,887 | +24.2% |
| Stocks and contracts in progress | 3 | €31,900 | €42,400 | +€10,500 | +32.9% |
| Stocks | 30/36 | €31,900 | €42,400 | +€10,500 | +32.9% |
| Amounts receivable within one year | 40/41 | €5,406 | €16,508 | +€11,102 | +205% |
| Trade receivables | 40 | €5,406 | €12,054 | +€6,648 | +123% |
| Other amounts receivable | 41 | - | €4,455 | +€4,455 | |
| Current investments | 50/53 | €2,424 | €5,148 | +€2,724 | +112% |
| Cash at bank and in hand | 54/58 | €47,150 | €40,687 | -€6,462 | -13.7% |
| Deferred charges and accrued income | 490/1 | €3,610 | €7,632 | +€4,023 | +111% |
| Total equity and liabilities | 10/49 | €94,778 | €115,247 | +€20,469 | +21.6% |
| Equity | 10/15 | €70,919 | €79,377 | +€8,458 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,719 | €73,177 | +€8,458 | +13.1% |
| Distributable reserves | 133 | €64,719 | €73,177 | +€8,458 | +13.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,859 | €35,870 | +€12,011 | +50.3% |
| Amounts payable within one year | 42/48 | €23,191 | €35,299 | +€12,108 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,278 | €12,282 | +€7,004 | +133% |
| Suppliers | 440/4 | €5,278 | €12,282 | +€7,004 | +133% |
| Taxes, remuneration and social security | 45 | €13,005 | €9,038 | -€3,967 | -30.5% |
| Taxes | 450/3 | €10,692 | €6,521 | -€4,171 | -39.0% |
| Remuneration and social security | 454/9 | €2,313 | €2,517 | +€204 | +8.8% |
| Other amounts payable | 47/48 | €4,908 | €13,979 | +€9,071 | +185% |
| Accrued charges and deferred income | 492/3 | €668 | €571 | -€97 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,001 | €1,418 | -€583 | -29.1% |
| Other operating charges | 640/8 | €1,244 | €1,026 | -€219 | -17.6% |
| Gross operating margin | 9900 | €36,913 | €23,958 | -€12,955 | -35.1% |
| Operating profit (loss) | 9901 | €33,668 | €21,514 | -€12,153 | -36.1% |
| Financial income | 75/76B | €345 | €450 | +€105 | +30.5% |
| Recurring financial income | 75 | €345 | €450 | +€105 | +30.5% |
| Financial charges | 65/66B | €293 | €118 | -€175 | -59.8% |
| Recurring financial charges | 65 | €293 | €118 | -€175 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €33,719 | €21,846 | -€11,873 | -35.2% |
| Income taxes | 67/77 | €11,229 | €6,052 | -€5,177 | -46.1% |
| Profit (loss) for the period | 9904 | €22,490 | €15,794 | -€6,697 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,490 | €15,794 | -€6,697 | -29.8% |
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.