SILVER & STONE: 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 & STONE
Largest movements
- Cash -€10,450
down €10,450 (-20.8%), from €50,175 to €39,725
mainly Contributions, distributions and other (-€18,600) and Deferred charges and accrued income (-€6,054)
- Deferred charges and accrued income +€6,054
new in 2024: €6,054
- Receivables within one year -€4,743
down €4,743 (-65.8%), from €7,211 to €2,468
of which Trade receivables: -€5,155
- Stocks and contracts +€912
up €912 (+3.7%), from €24,852 to €25,764
- Profit (loss) carried forward -€11,212
down €11,212 (-42.5%), from €26,376 to €15,164
- Other debts +€9,724
up €9,724 (+1998.0%), from €487 to €10,211
- Contributions -€7,387
down €7,387 (-39.7%), from €18,600 to €11,213
- Reserves +€6,470
up €6,470 (+48.1%), from €13,450 to €19,920
of which Distributable reserves: +€6,470
- Current portion of long-term debt -€5,038
down €5,038 (-91.4%), from €5,512 to €474
- Gross operating margin -€3,170
down €3,170 (-13.6%), from €23,249 to €20,079
- Staff costs +€2,075
new in 2024: €2,075
- Financial charges -€261
down €261 (-7.9%), from €3,330 to €3,068
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,010 | €78,064 | -€8,946 | -10.3% |
| Fixed assets | 21/28 | €4,772 | €4,053 | -€718 | -15.1% |
| Tangible fixed assets | 22/27 | €4,772 | €4,053 | -€718 | -15.1% |
| Plant, machinery and equipment | 23 | €3,691 | €2,491 | -€1,200 | -32.5% |
| Furniture and vehicles | 24 | €1,080 | €1,562 | +€481 | +44.5% |
| Current assets | 29/58 | €82,239 | €74,011 | -€8,228 | -10.0% |
| Stocks and contracts in progress | 3 | €24,852 | €25,764 | +€912 | +3.7% |
| Stocks | 30/36 | €24,852 | €25,764 | +€912 | +3.7% |
| Amounts receivable within one year | 40/41 | €7,211 | €2,468 | -€4,743 | -65.8% |
| Trade receivables | 40 | €7,211 | €2,056 | -€5,155 | -71.5% |
| Other amounts receivable | 41 | - | €412 | +€412 | |
| Cash at bank and in hand | 54/58 | €50,175 | €39,725 | -€10,450 | -20.8% |
| Deferred charges and accrued income | 490/1 | - | €6,054 | +€6,054 | |
| Total equity and liabilities | 10/49 | €87,010 | €78,064 | -€8,946 | -10.3% |
| Equity | 10/15 | €58,426 | €46,297 | -€12,129 | -20.8% |
| Contributions | 10/11 | €18,600 | €11,213 | -€7,387 | -39.7% |
| Reserves | 13 | €13,450 | €19,920 | +€6,470 | +48.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,590 | €18,060 | +€6,470 | +55.8% |
| Profit (loss) carried forward | 14 | €26,376 | €15,164 | -€11,212 | -42.5% |
| Amounts payable | 17/49 | €28,584 | €31,767 | +€3,183 | +11.1% |
| Amounts payable after more than one year | 17 | €474 | - | -€474 | |
| Financial debts | 170/4 | €474 | - | -€474 | |
| Amounts payable within one year | 42/48 | €28,110 | €31,767 | +€3,657 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €5,512 | €474 | -€5,038 | -91.4% |
| Trade debts | 44 | €5,870 | €2,659 | -€3,211 | -54.7% |
| Suppliers | 440/4 | €5,870 | €2,659 | -€3,211 | -54.7% |
| Taxes, remuneration and social security | 45 | €16,242 | €18,424 | +€2,182 | +13.4% |
| Taxes | 450/3 | €16,242 | €18,380 | +€2,138 | +13.2% |
| Remuneration and social security | 454/9 | - | €44 | +€44 | |
| Other amounts payable | 47/48 | €487 | €10,211 | +€9,724 | +1998.0% |
| Remuneration, social security and pensions | 62 | - | €2,075 | +€2,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €1,627 | +€213 | +15.1% |
| Other operating charges | 640/8 | €2,140 | €2,228 | +€88 | +4.1% |
| Gross operating margin | 9900 | €23,249 | €20,079 | -€3,170 | -13.6% |
| Operating profit (loss) | 9901 | €19,696 | €14,150 | -€5,546 | -28.2% |
| Financial income | 75/76B | €0 | €146 | +€145 | +111853.8% |
| Recurring financial income | 75 | €0 | €146 | +€145 | +111853.8% |
| Financial charges | 65/66B | €3,330 | €3,068 | -€261 | -7.9% |
| Recurring financial charges | 65 | €3,330 | €3,068 | -€261 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €16,366 | €11,227 | -€5,139 | -31.4% |
| Income taxes | 67/77 | €4,774 | €4,757 | -€17 | -0.4% |
| Profit (loss) for the period | 9904 | €11,592 | €6,471 | -€5,121 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,592 | €6,471 | -€5,121 | -44.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.