Silverback Management Services: 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.
Silverback Management Services
Largest movements
- Tangible fixed assets +€81,679
up €81,679 (+1043.1%), from €7,831 to €89,510
- Current investments +€20,516
new in 2025: €20,516
- Cash +€20,490
up €20,490 (+24.4%), from €84,051 to €104,541
mainly Other debts (+€116,142) and Net result for the year (+€25,646)
- Receivables within one year +€3,260
up €3,260 (+13.8%), from €23,647 to €26,907
of which Trade receivables: +€3,276
- Other debts +€116,142
up €116,142 (+1010.2%), from €11,497 to €127,639
- Trade debts +€6,119
up €6,119 (+166.7%), from €3,670 to €9,788
- Reserves +€5,896
new in 2025: €5,896
- Tax, wage and social debts -€3,972
down €3,972 (-13.2%), from €30,092 to €26,120
- Gross operating margin +€14,817
up €14,817 (+33.9%), from €43,674 to €58,491
- Depreciation +€8,523
up €8,523 (+229.4%), from €3,715 to €12,238
- Other operating charges +€3,979
up €3,979 (+903.6%), from €440 to €4,419
- Taxes -€3,848
down €3,848 (-44.0%), from €8,753 to €4,905
- Financial charges +€1,348
up €1,348 (+32.4%), from €4,160 to €5,508
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.
Cash bridge derived
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 | €118,563 | €242,748 | +€124,185 | +104.7% |
| Fixed assets | 21/28 | €7,831 | €89,510 | +€81,679 | +1043.1% |
| Tangible fixed assets | 22/27 | €7,831 | €89,510 | +€81,679 | +1043.1% |
| Furniture and vehicles | 24 | €7,831 | €89,510 | +€81,679 | +1043.1% |
| Current assets | 29/58 | €110,732 | €153,238 | +€42,505 | +38.4% |
| Amounts receivable within one year | 40/41 | €23,647 | €26,907 | +€3,260 | +13.8% |
| Trade receivables | 40 | €23,574 | €26,850 | +€3,276 | +13.9% |
| Other amounts receivable | 41 | €73 | €58 | -€15 | -21.1% |
| Current investments | 50/53 | - | €20,516 | +€20,516 | |
| Cash at bank and in hand | 54/58 | €84,051 | €104,541 | +€20,490 | +24.4% |
| Deferred charges and accrued income | 490/1 | €3,035 | €1,273 | -€1,761 | -58.0% |
| Total equity and liabilities | 10/49 | €118,563 | €242,748 | +€124,185 | +104.7% |
| Equity | 10/15 | €73,305 | €79,200 | +€5,896 | +8.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €5,896 | +€5,896 | |
| Distributable reserves | 133 | - | €5,896 | +€5,896 | |
| Profit (loss) carried forward | 14 | €71,305 | €71,305 | = | 0.0% |
| Amounts payable | 17/49 | €45,258 | €163,548 | +€118,289 | +261.4% |
| Amounts payable within one year | 42/48 | €45,258 | €163,548 | +€118,289 | +261.4% |
| Trade debts | 44 | €3,670 | €9,788 | +€6,119 | +166.7% |
| Suppliers | 440/4 | €3,670 | €9,788 | +€6,119 | +166.7% |
| Taxes, remuneration and social security | 45 | €30,092 | €26,120 | -€3,972 | -13.2% |
| Taxes | 450/3 | €30,092 | €26,120 | -€3,972 | -13.2% |
| Other amounts payable | 47/48 | €11,497 | €127,639 | +€116,142 | +1010.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,715 | €12,238 | +€8,523 | +229.4% |
| Other operating charges | 640/8 | €440 | €4,419 | +€3,979 | +903.6% |
| Non-recurring operating charges | 66A | - | €6,198 | +€6,198 | |
| Gross operating margin | 9900 | €43,674 | €58,491 | +€14,817 | +33.9% |
| Operating profit (loss) | 9901 | €39,518 | €35,635 | -€3,883 | -9.8% |
| Financial income | 75/76B | €64 | €423 | +€359 | +562.8% |
| Recurring financial income | 75 | €64 | €423 | +€359 | +562.8% |
| Financial charges | 65/66B | €4,160 | €5,508 | +€1,348 | +32.4% |
| Recurring financial charges | 65 | €4,160 | €5,508 | +€1,348 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €35,422 | €30,551 | -€4,872 | -13.8% |
| Income taxes | 67/77 | €8,753 | €4,905 | -€3,848 | -44.0% |
| Profit (loss) for the period | 9904 | €26,670 | €25,646 | -€1,024 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,670 | €25,646 | -€1,024 | -3.8% |
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 11 October 2026 via checked.be.