SILVER STAR ENTERPRISE: what changed
SILVER STAR ENTERPRISE
Largest movements
- Receivables within one year +€8,327
up €8,327 (+57.4%), from €14,518 to €22,845
of which Trade receivables: +€8,158
- Tangible fixed assets -€6,580
down €6,580 (-63.9%), from €10,301 to €3,722
- Cash -€1,467
down €1,467 (-88.7%), from €1,654 to €186
mainly Receivables within one year (-€8,327) and Trade debts (-€2,011)
- Deferred charges and accrued income +€829
up €829 (+130%), from €638 to €1,467
- Reserves +€5,000
up €5,000 (+1,000%), from €500 to €5,500
of which Distributable reserves: +€5,000
- Trade debts -€2,011
down €2,011 (-35.0%), from €5,747 to €3,737
- Profit (loss) carried forward -€1,630
down €1,630 (-17.0%), from €9,592 to €7,962
- Tax, wage and social debts -€394
down €394 (-6.5%), from €6,101 to €5,707
- Turnover -€15,062
down €15,062 (-13.3%), from €112,939 to €97,877
- Purchases and services -€11,682
down €11,682 (-11.3%), from €103,067 to €91,385
- Gross operating margin -€3,379
down €3,379 (-34.2%), from €9,871 to €6,492
- Financial income +€1,295
up €1,295 (+2,530%), from €51 to €1,347
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,111 | €28,220 | +€1,109 | +4.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €10,301 | €3,722 | -€6,580 | -63.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,301 | €3,722 | -€6,580 | -63.9% |
| Plant, machinery and equipment | 23 | €10,301 | €3,722 | -€6,580 | -63.9% |
| Current assets | 29/58 | €16,810 | €24,498 | +€7,689 | +45.7% |
| Amounts receivable within one year | 40/41 | €14,518 | €22,845 | +€8,327 | +57.4% |
| Trade receivables | 40 | €5,185 | €13,343 | +€8,158 | +157% |
| Other amounts receivable | 41 | €9,333 | €9,502 | +€169 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,654 | €186 | -€1,467 | -88.7% |
| Deferred charges and accrued income | 490/1 | €638 | €1,467 | +€829 | +130% |
| Total equity and liabilities | 10/49 | €27,111 | €28,220 | +€1,109 | +4.1% |
| Equity | 10/15 | €15,092 | €18,462 | +€3,370 | +22.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €5,500 | +€5,000 | +1,000% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Other | 1319 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €9,592 | €7,962 | -€1,630 | -17.0% |
| Amounts payable | 17/49 | €12,019 | €9,758 | -€2,261 | -18.8% |
| Amounts payable within one year | 42/48 | €11,848 | €9,444 | -€2,404 | -20.3% |
| Trade debts | 44 | €5,747 | €3,737 | -€2,011 | -35.0% |
| Suppliers | 440/4 | €5,747 | €3,737 | -€2,011 | -35.0% |
| Taxes, remuneration and social security | 45 | €6,101 | €5,707 | -€394 | -6.5% |
| Taxes | 450/3 | €6,101 | €5,707 | -€394 | -6.5% |
| Accrued charges and deferred income | 492/3 | €171 | €314 | +€143 | +83.9% |
| Turnover | 70 | €112,939 | €97,877 | -€15,062 | -13.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,067 | €91,385 | -€11,682 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €2,659 | +€797 | +42.8% |
| Other operating charges | 640/8 | €1,524 | €921 | -€603 | -39.6% |
| Gross operating margin | 9900 | €9,871 | €6,492 | -€3,379 | -34.2% |
| Operating profit (loss) | 9901 | €6,485 | €2,912 | -€3,573 | -55.1% |
| Financial income | 75/76B | €51 | €1,347 | +€1,295 | +2,530% |
| Recurring financial income | 75 | €51 | €1,347 | +€1,295 | +2,530% |
| Financial charges | 65/66B | €84 | €129 | +€45 | +53.0% |
| Recurring financial charges | 65 | €84 | €129 | +€45 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €6,452 | €4,130 | -€2,322 | -36.0% |
| Income taxes | 67/77 | €615 | €760 | +€145 | +23.6% |
| Profit (loss) for the period | 9904 | €5,837 | €3,370 | -€2,467 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,837 | €3,370 | -€2,467 | -42.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.