SILVERANS: 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.
SILVERANS
Largest movements
- Tangible fixed assets -€6,430
down €6,430 (-19.3%), from €33,317 to €26,887
of which Leasing and similar rights: -€8,093
- Receivables within one year -€2,341
down €2,341 (-17.6%), from €13,264 to €10,924
of which Other amounts receivable: -€1,359
- Cash +€741
up €741 (+3.7%), from €20,061 to €20,803
mainly Depreciation (+€9,537) and Net result for the year (+€4,307)
- Debts after one year -€6,277
down €6,277 (-34.7%), from €18,097 to €11,820
- Profit (loss) carried forward +€4,307
up €4,307 (+6.3%), from -€68,143 to -€63,836
- Tax, wage and social debts -€2,348
down €2,348 (-17.9%), from €13,141 to €10,794
of which Remuneration and social security: -€2,153
- Other debts -€2,059
down €2,059 (-4.4%), from €46,797 to €44,738
- Trade debts -€2,054
down €2,054 (-36.1%), from €5,698 to €3,643
- Gross operating margin -€5,009
down €5,009 (-4.1%), from €122,617 to €117,608
- Staff costs +€3,870
up €3,870 (+3.9%), from €98,082 to €101,952
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 | €70,500 | €62,394 | -€8,106 | -11.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €33,317 | €26,887 | -€6,430 | -19.3% |
| Tangible fixed assets | 22/27 | €33,317 | €26,887 | -€6,430 | -19.3% |
| Plant, machinery and equipment | 23 | €2,388 | €4,050 | +€1,662 | +69.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €30,929 | €22,837 | -€8,093 | -26.2% |
| Current assets | 29/58 | €37,183 | €35,507 | -€1,676 | -4.5% |
| Amounts receivable within one year | 40/41 | €13,264 | €10,924 | -€2,341 | -17.6% |
| Trade receivables | 40 | €10,513 | €9,531 | -€982 | -9.3% |
| Other amounts receivable | 41 | €2,752 | €1,393 | -€1,359 | -49.4% |
| Current investments | 50/53 | €2,407 | €2,421 | +€14 | +0.6% |
| Cash at bank and in hand | 54/58 | €20,061 | €20,803 | +€741 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,359 | -€91 | -6.3% |
| Total equity and liabilities | 10/49 | €70,500 | €62,394 | -€8,106 | -11.5% |
| Equity | 10/15 | -€19,185 | -€14,878 | +€4,307 | +22.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €23,958 | €23,958 | = | 0.0% |
| Distributable reserves | 133 | €23,958 | €23,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,143 | -€63,836 | +€4,307 | +6.3% |
| Amounts payable | 17/49 | €89,685 | €77,272 | -€12,413 | -13.8% |
| Amounts payable after more than one year | 17 | €18,097 | €11,820 | -€6,277 | -34.7% |
| Financial debts | 170/4 | €18,097 | €11,820 | -€6,277 | -34.7% |
| Amounts payable within one year | 42/48 | €71,588 | €65,452 | -€6,136 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €5,952 | €6,277 | +€325 | +5.5% |
| Trade debts | 44 | €5,698 | €3,643 | -€2,054 | -36.1% |
| Suppliers | 440/4 | €5,698 | €3,643 | -€2,054 | -36.1% |
| Taxes, remuneration and social security | 45 | €13,141 | €10,794 | -€2,348 | -17.9% |
| Taxes | 450/3 | €1,167 | €972 | -€194 | -16.7% |
| Remuneration and social security | 454/9 | €11,975 | €9,821 | -€2,153 | -18.0% |
| Other amounts payable | 47/48 | €46,797 | €44,738 | -€2,059 | -4.4% |
| Remuneration, social security and pensions | 62 | €98,082 | €101,952 | +€3,870 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,057 | €9,537 | +€480 | +5.3% |
| Other operating charges | 640/8 | €775 | €897 | +€122 | +15.7% |
| Gross operating margin | 9900 | €122,617 | €117,608 | -€5,009 | -4.1% |
| Operating profit (loss) | 9901 | €14,702 | €5,221 | -€9,481 | -64.5% |
| Financial income | 75/76B | €1,110 | €665 | -€445 | -40.1% |
| Recurring financial income | 75 | €1,110 | €665 | -€445 | -40.1% |
| Financial charges | 65/66B | €1,821 | €1,444 | -€378 | -20.7% |
| Recurring financial charges | 65 | €1,821 | €1,444 | -€378 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €13,990 | €4,442 | -€9,548 | -68.2% |
| Income taxes | 67/77 | €157 | €135 | -€22 | -13.8% |
| Profit (loss) for the period | 9904 | €13,834 | €4,307 | -€9,526 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,834 | €4,307 | -€9,526 | -68.9% |
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 22 October 2026 via checked.be.