SILVER TREE INT.: 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 TREE INT.
Largest movements
- Stocks and contracts -€114,753
down €114,753 (-18.5%), from €621,247 to €506,494
- Cash +€110,521
up €110,521 (+734.1%), from €15,055 to €125,576
mainly Stocks and contracts (+€114,753) and Net result for the year (+€61,156)
- Current investments -€33,452
no longer reported in 2024 (was €33,452)
- Receivables within one year -€27,460
down €27,460 (-18.5%), from €148,778 to €121,318
of which Other amounts receivable: -€27,460
- Tangible fixed assets -€19,668
no longer reported in 2024 (was €19,668)
- Short-term financial debts -€178,000
down €178,000 (-36.5%), from €487,500 to €309,500
of which Credit institutions: -€405,915
- Profit (loss) carried forward +€61,156
up €61,156 (+71.8%), from €85,229 to €146,385
- Tax, wage and social debts +€25,422
new in 2024: €25,422
- Other debts +€11,074
up €11,074 (+5.1%), from €218,090 to €229,164
- Purchases and services -€84,841
down €84,841 (-15.0%), from €566,459 to €481,618
- Gross operating margin +€34,306
up €34,306 (+36.8%), from €93,305 to €127,611
- Taxes +€25,422
new in 2024: €25,422
- Turnover -€21,275
down €21,275 (-3.4%), from €630,504 to €609,229
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 | €838,970 | €754,158 | -€84,812 | -10.1% |
| Fixed assets | 21/28 | €19,668 | - | -€19,668 | |
| Tangible fixed assets | 22/27 | €19,668 | - | -€19,668 | |
| Furniture and vehicles | 24 | €19,668 | - | -€19,668 | |
| Current assets | 29/58 | €819,302 | €754,158 | -€65,144 | -8.0% |
| Stocks and contracts in progress | 3 | €621,247 | €506,494 | -€114,753 | -18.5% |
| Stocks | 30/36 | €621,247 | €506,494 | -€114,753 | -18.5% |
| Amounts receivable within one year | 40/41 | €148,778 | €121,318 | -€27,460 | -18.5% |
| Trade receivables | 40 | €88,809 | €88,809 | = | 0.0% |
| Other amounts receivable | 41 | €59,969 | €32,509 | -€27,460 | -45.8% |
| Current investments | 50/53 | €33,452 | - | -€33,452 | |
| Cash at bank and in hand | 54/58 | €15,055 | €125,576 | +€110,521 | +734.1% |
| Deferred charges and accrued income | 490/1 | €770 | €770 | = | 0.0% |
| Total equity and liabilities | 10/49 | €838,970 | €754,158 | -€84,812 | -10.1% |
| Equity | 10/15 | €116,567 | €177,723 | +€61,156 | +52.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | - | -€30,987 | |
| Issued capital | 100 | €30,987 | - | -€30,987 | |
| Reserves | 13 | €351 | €351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €351 | €351 | = | 0.0% |
| Legal reserve | 130 | €351 | - | -€351 | |
| Reserves not available under the articles | 1311 | - | €351 | +€351 | |
| Profit (loss) carried forward | 14 | €85,229 | €146,385 | +€61,156 | +71.8% |
| Amounts payable | 17/49 | €722,403 | €576,435 | -€145,969 | -20.2% |
| Amounts payable after more than one year | 17 | €4,465 | - | -€4,465 | |
| Other amounts payable | 178/9 | €4,465 | - | -€4,465 | |
| Amounts payable within one year | 42/48 | €715,037 | €573,534 | -€141,504 | -19.8% |
| Financial debts | 43 | €487,500 | €309,500 | -€178,000 | -36.5% |
| Credit institutions | 430/8 | €487,500 | €81,585 | -€405,915 | -83.3% |
| Other loans | 439 | - | €227,915 | +€227,915 | |
| Trade debts | 44 | €9,447 | €9,447 | = | 0.0% |
| Suppliers | 440/4 | €9,447 | €9,447 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €25,422 | +€25,422 | |
| Taxes | 450/3 | - | €25,422 | +€25,422 | |
| Other amounts payable | 47/48 | €218,090 | €229,164 | +€11,074 | +5.1% |
| Accrued charges and deferred income | 492/3 | €2,901 | €2,901 | = | 0.0% |
| Turnover | 70 | €630,504 | €609,229 | -€21,275 | -3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €566,459 | €481,618 | -€84,841 | -15.0% |
| Remuneration, social security and pensions | 62 | €0 | €1,920 | +€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €974 | €903 | -€71 | -7.3% |
| Other operating charges | 640/8 | €2,480 | €8,344 | +€5,864 | +236.5% |
| Gross operating margin | 9900 | €93,305 | €127,611 | +€34,306 | +36.8% |
| Operating profit (loss) | 9901 | €89,851 | €116,443 | +€26,592 | +29.6% |
| Financial income | 75/76B | €9 | €606 | +€597 | +6632.2% |
| Recurring financial income | 75 | €9 | €606 | +€597 | +6632.2% |
| Financial charges | 65/66B | €35,988 | €30,471 | -€5,517 | -15.3% |
| Recurring financial charges | 65 | €35,988 | €23,199 | -€12,789 | -35.5% |
| Non-recurring financial charges | 66B | - | €7,271 | +€7,271 | |
| Profit (loss) for the period before taxes | 9903 | €53,872 | €86,579 | +€32,707 | +60.7% |
| Income taxes | 67/77 | - | €25,422 | +€25,422 | |
| Profit (loss) for the period | 9904 | €53,872 | €61,156 | +€7,284 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,872 | €61,156 | +€7,284 | +13.5% |
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 4 October 2026 via checked.be.