SILVER TOWER: 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 TOWER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €2.6m-€682,755
Equity
€71.2m
2024 · €71.1m+€93,402
Cash
€14.2m
2024 · €11.1m+€3.1m
Balance sheet total
€125.4m
2024 · €124.9m+€510,561
Largest movements
Assets
- Tangible fixed assets -€3.5m
down €3.5m (-3.1%), from €112.1m to €108.6m
- Cash +€3.1m
up €3.1m (+27.9%), from €11.1m to €14.2m
mainly Depreciation (+€3.5m) and Net result for the year (+€1.9m)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges +€983,133
up €983,133 (+133%), from €739,080 to €1.7m
- Turnover +€276,064
up €276,064 (+3.5%), from €7.8m to €8.1m
- Taxes -€227,075
down €227,075 (-26.7%), from €850,334 to €623,259
of which Taxes: -€227,024
- Other operating income -€142,556
down €142,556 (-4.2%), from €3.4m to €3.3m
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
€2.6m
Turnover
+€276,064
Other operating income
-€142,556
Services and other goods
+€36,190
Depreciation
+€5,836
Other operating charges
-€65,985
Financial income
-€36,247
Financial charges
-€983,133
Taxes
+€227,075
Result 2025
€1.9m
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
+€4.9m
Investment
€0
Financing
-€1.8m
Cash 2024
€11.1m
From operations (derived)
+€4.9m
Net result for the year
+€1.9m
Depreciation
+€3.5m
Receivables within one year
+€72,543
Deferred charges and accrued income
-€992,880
Trade debts
+€25,933
Tax, wage and social debts
-€2,024
Other debts
-€648,617
Accrued charges and deferred income
+€1.0m
Financing
-€1.8m
Contributions, distributions and other
-€1.8m
Cash 2025
€14.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,879,808 | €125,390,369 | +€510,561 | +0.4% |
| Fixed assets | 21/28 | €112,092,239 | €108,588,766 | -€3.5m | -3.1% |
| Tangible fixed assets | 22/27 | €112,092,239 | €108,588,766 | -€3.5m | -3.1% |
| Land and buildings | 22 | €112,092,239 | €108,588,766 | -€3.5m | -3.1% |
| Current assets | 29/58 | €12,787,568 | €16,801,602 | +€4.0m | +31.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,307,038 | €1,234,495 | -€72,543 | -5.6% |
| Trade receivables | 40 | €778,802 | €1,184,495 | +€405,693 | +52.1% |
| Other amounts receivable | 41 | €528,235 | €50,000 | -€478,235 | -90.5% |
| Cash at bank and in hand | 54/58 | €11,101,770 | €14,195,467 | +€3.1m | +27.9% |
| Deferred charges and accrued income | 490/1 | €378,761 | €1,371,641 | +€992,880 | +262% |
| Total equity and liabilities | 10/49 | €124,879,808 | €125,390,369 | +€510,561 | +0.4% |
| Equity | 10/15 | €71,110,871 | €71,204,274 | +€93,402 | +0.1% |
| Contributions | 10/11 | €70,619,000 | €70,619,000 | = | 0.0% |
| Capital | 10 | €70,619,000 | €70,619,000 | = | 0.0% |
| Issued capital | 100 | €70,619,000 | €70,619,000 | = | 0.0% |
| Reserves | 13 | €491,871 | €585,274 | +€93,402 | +19.0% |
| Non-distributable reserves | 130/1 | €491,871 | €585,274 | +€93,402 | +19.0% |
| Legal reserve | 130 | €491,871 | €585,274 | +€93,402 | +19.0% |
| Amounts payable | 17/49 | €53,768,936 | €54,186,095 | +€417,159 | +0.8% |
| Amounts payable after more than one year | 17 | €50,000,000 | €50,000,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000,000 | €50,000,000 | = | 0.0% |
| Credit institutions | 173 | €50,000,000 | €50,000,000 | = | 0.0% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,863,686 | €2,238,977 | -€624,709 | -21.8% |
| Trade debts | 44 | €290,092 | €316,025 | +€25,933 | +8.9% |
| Suppliers | 440/4 | €290,092 | €316,025 | +€25,933 | +8.9% |
| Taxes, remuneration and social security | 45 | €150,334 | €148,310 | -€2,024 | -1.3% |
| Taxes | 450/3 | €150,334 | €148,310 | -€2,024 | -1.3% |
| Other amounts payable | 47/48 | €2,423,259 | €1,774,642 | -€648,617 | -26.8% |
| Accrued charges and deferred income | 492/3 | €905,250 | €1,947,118 | +€1.0m | +115% |
| Operating income | 70/76A | €11,195,964 | €11,329,472 | +€133,508 | +1.2% |
| Turnover | 70 | €7,796,707 | €8,072,771 | +€276,064 | +3.5% |
| Other operating income | 74 | €3,399,257 | €3,256,701 | -€142,556 | -4.2% |
| Operating charges | 60/66A | €7,333,558 | €7,357,517 | +€23,959 | +0.3% |
| Services and other goods | 61 | €742,892 | €706,702 | -€36,190 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509,309 | €3,503,473 | -€5,836 | -0.2% |
| Other operating charges | 640/8 | €3,081,357 | €3,147,342 | +€65,985 | +2.1% |
| Operating profit (loss) | 9901 | €3,862,406 | €3,971,955 | +€109,549 | +2.8% |
| Financial income | 75/76B | €277,807 | €241,560 | -€36,247 | -13.0% |
| Recurring financial income | 75 | €277,807 | €241,560 | -€36,247 | -13.0% |
| Other financial income | 752/9 | €277,807 | €241,560 | -€36,247 | -13.0% |
| Financial charges | 65/66B | €739,080 | €1,722,213 | +€983,133 | +133% |
| Recurring financial charges | 65 | €739,080 | €1,722,213 | +€983,133 | +133% |
| Debt charges | 650 | €737,614 | €1,720,979 | +€983,365 | +133% |
| Other financial charges | 652/9 | €1,465 | €1,233 | -€232 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €3,401,133 | €2,491,303 | -€909,831 | -26.8% |
| Income taxes | 67/77 | €850,334 | €623,259 | -€227,075 | -26.7% |
| Taxes | 670/3 | €850,334 | €623,310 | -€227,024 | -26.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €51 | +€51 | |
| Profit (loss) for the period | 9904 | €2,550,799 | €1,868,044 | -€682,755 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,550,799 | €1,868,044 | -€682,755 | -26.8% |
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 21 October 2026 via checked.be.