Silverbrick: what changed
Silverbrick
Largest movements
- Tangible fixed assets +€18,268
up €18,268 (+7.9%), from €232,514 to €250,782
of which Furniture and vehicles: +€22,720
- Cash +€11,245
up €11,245 (+54.9%), from €20,483 to €31,728
mainly Net result for the year (+€28,159) and Depreciation (+€27,354)
- Stocks and contracts +€8,578
new in 2025: €8,578
- Receivables within one year +€8,229
up €8,229 (+37.9%), from €21,720 to €29,949
of which Trade receivables: +€4,243
- Reserves +€27,326
up €27,326 (+34.4%), from €79,509 to €106,836
- Debts after one year +€9,575
up €9,575 (+5.7%), from €167,050 to €176,625
of which Financial debts: +€8,675
- Current portion of long-term debt +€6,459
up €6,459 (+40.9%), from €15,791 to €22,250
- Tax, wage and social debts +€3,987
up €3,987 (+147%), from €2,719 to €6,706
of which Taxes: +€3,987
- Depreciation +€9,506
up €9,506 (+53.3%), from €17,848 to €27,354
- Gross operating margin +€9,004
up €9,004 (+13.5%), from €66,452 to €75,456
- Financial charges +€1,099
up €1,099 (+22.3%), from €4,924 to €6,023
- Other operating charges +€871
up €871 (+48.1%), from €1,813 to €2,684
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,907 | €322,686 | +€46,779 | +17.0% |
| Fixed assets | 21/28 | €232,514 | €250,782 | +€18,268 | +7.9% |
| Tangible fixed assets | 22/27 | €232,514 | €250,782 | +€18,268 | +7.9% |
| Land and buildings | 22 | €198,064 | €193,927 | -€4,137 | -2.1% |
| Plant, machinery and equipment | 23 | €681 | €366 | -€315 | -46.2% |
| Furniture and vehicles | 24 | €33,770 | €56,490 | +€22,720 | +67.3% |
| Current assets | 29/58 | €43,393 | €71,904 | +€28,511 | +65.7% |
| Stocks and contracts in progress | 3 | - | €8,578 | +€8,578 | |
| Stocks | 30/36 | - | €8,578 | +€8,578 | |
| Amounts receivable within one year | 40/41 | €21,720 | €29,949 | +€8,229 | +37.9% |
| Trade receivables | 40 | €19,193 | €23,436 | +€4,243 | +22.1% |
| Other amounts receivable | 41 | €2,527 | €6,512 | +€3,986 | +158% |
| Cash at bank and in hand | 54/58 | €20,483 | €31,728 | +€11,245 | +54.9% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,649 | +€458 | +38.5% |
| Total equity and liabilities | 10/49 | €275,907 | €322,686 | +€46,779 | +17.0% |
| Equity | 10/15 | €85,709 | €113,036 | +€27,326 | +31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,509 | €106,836 | +€27,326 | +34.4% |
| Distributable reserves | 133 | €79,509 | €106,836 | +€27,326 | +34.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,198 | €209,650 | +€19,452 | +10.2% |
| Amounts payable after more than one year | 17 | €167,050 | €176,625 | +€9,575 | +5.7% |
| Financial debts | 170/4 | €165,550 | €174,225 | +€8,675 | +5.2% |
| Other amounts payable | 178/9 | €1,500 | €2,400 | +€900 | +60.0% |
| Amounts payable within one year | 42/48 | €22,139 | €32,732 | +€10,594 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €15,791 | €22,250 | +€6,459 | +40.9% |
| Trade debts | 44 | €1,641 | €2,943 | +€1,302 | +79.4% |
| Suppliers | 440/4 | €1,641 | €2,943 | +€1,302 | +79.4% |
| Taxes, remuneration and social security | 45 | €2,719 | €6,706 | +€3,987 | +147% |
| Taxes | 450/3 | €2,719 | €6,706 | +€3,987 | +147% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,988 | €833 | -€1,155 | -58.1% |
| Accrued charges and deferred income | 492/3 | €1,009 | €293 | -€716 | -71.0% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,848 | €27,354 | +€9,506 | +53.3% |
| Other operating charges | 640/8 | €1,813 | €2,684 | +€871 | +48.1% |
| Non-recurring operating charges | 66A | €363 | €417 | +€54 | +15.0% |
| Gross operating margin | 9900 | €66,452 | €75,456 | +€9,004 | +13.5% |
| Operating profit (loss) | 9901 | €46,429 | €45,002 | -€1,427 | -3.1% |
| Financial income | 75/76B | €109 | €54 | -€56 | -50.9% |
| Recurring financial income | 75 | €109 | €54 | -€56 | -50.9% |
| Financial charges | 65/66B | €4,924 | €6,023 | +€1,099 | +22.3% |
| Recurring financial charges | 65 | €4,924 | €6,023 | +€1,099 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €41,614 | €39,032 | -€2,582 | -6.2% |
| Income taxes | 67/77 | €11,473 | €10,873 | -€600 | -5.2% |
| Profit (loss) for the period | 9904 | €30,141 | €28,159 | -€1,982 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,141 | €28,159 | -€1,982 | -6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.