SILVERBIRCH: 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.
SILVERBIRCH
Largest movements
- Current investments +€26,472
up €26,472 (+34.7%), from €76,371 to €102,844
- Cash +€3,111
up €3,111 (+12.4%), from €25,081 to €28,192
mainly Net result for the year (+€26,206) and Tax, wage and social debts (+€5,433)
- Receivables within one year +€2,875
up €2,875 (+13.4%), from €21,495 to €24,369
of which Trade receivables: +€4,236
- Reserves +€26,206
up €26,206 (+18.3%), from €143,173 to €169,380
- Tax, wage and social debts +€5,433
up €5,433 (+23.8%), from €22,837 to €28,270
- Financial charges +€64,214
up €64,214 (+294%), from €21,840 to €86,053
- Gross operating margin +€23,368
up €23,368 (+24.9%), from €93,868 to €117,236
- Taxes -€10,049
down €10,049 (-54.3%), from €18,500 to €8,451
- Financial income +€8,185
up €8,185 (+1,152%), from €711 to €8,895
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 | €166,186 | €197,857 | +€31,670 | +19.1% |
| Fixed assets | 21/28 | €42,829 | €42,025 | -€804 | -1.9% |
| Tangible fixed assets | 22/27 | €42,829 | €42,025 | -€804 | -1.9% |
| Land and buildings | 22 | €41,098 | €36,224 | -€4,874 | -11.9% |
| Plant, machinery and equipment | 23 | €1,731 | €5,801 | +€4,070 | +235% |
| Current assets | 29/58 | €123,357 | €155,832 | +€32,475 | +26.3% |
| Amounts receivable within one year | 40/41 | €21,495 | €24,369 | +€2,875 | +13.4% |
| Trade receivables | 40 | €20,133 | €24,369 | +€4,236 | +21.0% |
| Other amounts receivable | 41 | €1,361 | €0 | -€1,361 | -100% |
| Current investments | 50/53 | €76,371 | €102,844 | +€26,472 | +34.7% |
| Cash at bank and in hand | 54/58 | €25,081 | €28,192 | +€3,111 | +12.4% |
| Deferred charges and accrued income | 490/1 | €410 | €427 | +€17 | +4.0% |
| Total equity and liabilities | 10/49 | €166,186 | €197,857 | +€31,670 | +19.1% |
| Equity | 10/15 | €143,273 | €169,480 | +€26,206 | +18.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €143,173 | €169,380 | +€26,206 | +18.3% |
| Distributable reserves | 133 | €143,173 | €169,380 | +€26,206 | +18.3% |
| Amounts payable | 17/49 | €22,913 | €28,377 | +€5,464 | +23.8% |
| Amounts payable within one year | 42/48 | €22,913 | €28,377 | +€5,464 | +23.8% |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | €22,837 | €28,270 | +€5,433 | +23.8% |
| Taxes | 450/3 | €22,837 | €28,270 | +€5,433 | +23.8% |
| Other amounts payable | 47/48 | €76 | €32 | -€44 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,369 | €5,254 | +€885 | +20.3% |
| Other operating charges | 640/8 | €164 | €166 | +€2 | +1.2% |
| Gross operating margin | 9900 | €93,868 | €117,236 | +€23,368 | +24.9% |
| Operating profit (loss) | 9901 | €89,335 | €111,816 | +€22,481 | +25.2% |
| Financial income | 75/76B | €711 | €8,895 | +€8,185 | +1,152% |
| Recurring financial income | 75 | €711 | €8,895 | +€8,185 | +1,152% |
| Financial charges | 65/66B | €21,840 | €86,053 | +€64,214 | +294% |
| Recurring financial charges | 65 | €21,840 | €86,053 | +€64,214 | +294% |
| Profit (loss) for the period before taxes | 9903 | €68,206 | €34,658 | -€33,548 | -49.2% |
| Income taxes | 67/77 | €18,500 | €8,451 | -€10,049 | -54.3% |
| Profit (loss) for the period | 9904 | €49,706 | €26,206 | -€23,500 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,706 | €26,206 | -€23,500 | -47.3% |
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 18 October 2026 via checked.be.