Silverco: 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.
Silverco
Largest movements
- Tangible fixed assets -€46,177
down €46,177 (-6.6%), from €694,461 to €648,284
of which Land and buildings: -€43,228
- Receivables within one year -€33,654
down €33,654 (-52.0%), from €64,759 to €31,106
of which Other amounts receivable: -€26,063
- Cash +€32,539
up €32,539 (+3081.2%), from €1,056 to €33,595
mainly Net result for the year (+€67,459) and Depreciation (+€48,747)
- Reserves -€33,325
down €33,325 (-8.7%), from €382,600 to €349,276
of which Distributable reserves: -€24,009
- Debts after one year -€32,179
down €32,179 (-15.4%), from €208,898 to €176,720
- Other debts +€25,072
up €25,072, from €0 to €25,072
- Accrued charges and deferred income -€9,354
down €9,354 (-100.0%), from €9,354 to €0
- Gross operating margin -€17,180
down €17,180 (-10.2%), from €169,154 to €151,973
- Taxes +€16,305
up €16,305 (+186.6%), from €8,736 to €25,042
- Financial income -€12,938
down €12,938 (-99.8%), from €12,960 to €22
of which Non-recurring financial income: -€12,641
- Financial charges -€3,649
down €3,649 (-32.5%), from €11,220 to €7,570
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 | €773,449 | €729,592 | -€43,856 | -5.7% |
| Fixed assets | 21/28 | €694,461 | €648,284 | -€46,177 | -6.6% |
| Tangible fixed assets | 22/27 | €694,461 | €648,284 | -€46,177 | -6.6% |
| Land and buildings | 22 | €677,043 | €633,814 | -€43,228 | -6.4% |
| Plant, machinery and equipment | 23 | €1,895 | €2,101 | +€206 | +10.9% |
| Furniture and vehicles | 24 | €15,524 | €12,369 | -€3,155 | -20.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €78,988 | €81,308 | +€2,321 | +2.9% |
| Stocks and contracts in progress | 3 | €10,555 | €11,038 | +€483 | +4.6% |
| Stocks | 30/36 | €10,555 | €11,038 | +€483 | +4.6% |
| Amounts receivable within one year | 40/41 | €64,759 | €31,106 | -€33,654 | -52.0% |
| Trade receivables | 40 | €38,585 | €30,994 | -€7,591 | -19.7% |
| Other amounts receivable | 41 | €26,174 | €111 | -€26,063 | -99.6% |
| Cash at bank and in hand | 54/58 | €1,056 | €33,595 | +€32,539 | +3081.2% |
| Deferred charges and accrued income | 490/1 | €2,617 | €5,569 | +€2,952 | +112.8% |
| Total equity and liabilities | 10/49 | €773,449 | €729,592 | -€43,856 | -5.7% |
| Equity | 10/15 | €447,600 | €414,276 | -€33,325 | -7.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €382,600 | €349,276 | -€33,325 | -8.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €115,077 | €105,761 | -€9,316 | -8.1% |
| Distributable reserves | 133 | €267,523 | €243,515 | -€24,009 | -9.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €38,359 | €35,254 | -€3,105 | -8.1% |
| Deferred taxes | 168 | €38,359 | €35,254 | -€3,105 | -8.1% |
| Amounts payable | 17/49 | €287,490 | €280,063 | -€7,427 | -2.6% |
| Amounts payable after more than one year | 17 | €208,898 | €176,720 | -€32,179 | -15.4% |
| Financial debts | 170/4 | €208,898 | €176,720 | -€32,179 | -15.4% |
| Amounts payable within one year | 42/48 | €69,238 | €103,343 | +€34,106 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €31,407 | €32,179 | +€772 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,234 | €17,016 | +€783 | +4.8% |
| Suppliers | 440/4 | €16,234 | €17,016 | +€783 | +4.8% |
| Taxes, remuneration and social security | 45 | €21,597 | €29,076 | +€7,479 | +34.6% |
| Taxes | 450/3 | €21,597 | €29,076 | +€7,479 | +34.6% |
| Other amounts payable | 47/48 | €0 | €25,072 | +€25,072 | |
| Accrued charges and deferred income | 492/3 | €9,354 | €0 | -€9,354 | -100.0% |
| Non-recurring operating income | 76A | €54,914 | €3,140 | -€51,773 | -94.3% |
| Remuneration, social security and pensions | 62 | €117 | €0 | -€117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,408 | €48,747 | +€1,340 | +2.8% |
| Other operating charges | 640/8 | €7,030 | €6,283 | -€747 | -10.6% |
| Gross operating margin | 9900 | €169,154 | €151,973 | -€17,180 | -10.2% |
| Operating profit (loss) | 9901 | €114,599 | €96,943 | -€17,656 | -15.4% |
| Financial income | 75/76B | €12,960 | €22 | -€12,938 | -99.8% |
| Recurring financial income | 75 | €318 | €22 | -€296 | -93.1% |
| Non-recurring financial income | 76B | €12,641 | €0 | -€12,641 | -100.0% |
| Financial charges | 65/66B | €11,220 | €7,570 | -€3,649 | -32.5% |
| Recurring financial charges | 65 | €11,220 | €7,570 | -€3,649 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €116,339 | €89,395 | -€26,944 | -23.2% |
| Transfer from deferred taxes | 780 | €1,695 | €3,105 | +€1,411 | +83.2% |
| Transfer to deferred taxes | 680 | €13,728 | €0 | -€13,728 | -100.0% |
| Income taxes | 67/77 | €8,736 | €25,042 | +€16,305 | +186.6% |
| Profit (loss) for the period | 9904 | €95,569 | €67,459 | -€28,110 | -29.4% |
| Transfer from tax-exempt reserves | 789 | €5,084 | €9,316 | +€4,232 | +83.2% |
| Transfer to tax-exempt reserves | 689 | €41,185 | €0 | -€41,185 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,468 | €76,775 | +€17,307 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.