SilverEdge: 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.
SilverEdge
Largest movements
- Cash +€60,796
up €60,796 (+28.1%), from €216,418 to €277,214
mainly Net result for the year (+€75,625) and Depreciation (+€1,850)
- Tangible fixed assets +€12,324
new in 2025: €12,324
of which Furniture and vehicles: +€10,193
- Reserves +€73,907
up €73,907 (+33.8%), from €218,349 to €292,256
- Gross operating margin +€21,863
up €21,863 (+26.0%), from €84,012 to €105,875
- Taxes +€5,922
up €5,922 (+26.0%), from €22,805 to €28,727
- Depreciation +€1,850
new in 2025: €1,850
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 | €254,243 | €328,508 | +€74,265 | +29.2% |
| Fixed assets | 21/28 | €600 | €12,924 | +€12,324 | +2,054% |
| Tangible fixed assets | 22/27 | - | €12,324 | +€12,324 | |
| Plant, machinery and equipment | 23 | - | €2,131 | +€2,131 | |
| Furniture and vehicles | 24 | - | €10,193 | +€10,193 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €253,643 | €315,584 | +€61,941 | +24.4% |
| Amounts receivable within one year | 40/41 | €37,225 | €38,370 | +€1,145 | +3.1% |
| Trade receivables | 40 | €34,080 | €35,225 | +€1,145 | +3.4% |
| Other amounts receivable | 41 | €3,145 | €3,145 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €216,418 | €277,214 | +€60,796 | +28.1% |
| Total equity and liabilities | 10/49 | €254,243 | €328,508 | +€74,265 | +29.2% |
| Equity | 10/15 | €225,849 | €299,756 | +€73,907 | +32.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €218,349 | €292,256 | +€73,907 | +33.8% |
| Distributable reserves | 133 | €218,349 | €292,256 | +€73,907 | +33.8% |
| Amounts payable | 17/49 | €28,394 | €28,752 | +€358 | +1.3% |
| Amounts payable within one year | 42/48 | €28,394 | €28,752 | +€358 | +1.3% |
| Trade debts | 44 | €994 | €2,063 | +€1,069 | +108% |
| Suppliers | 440/4 | €994 | €2,063 | +€1,069 | +108% |
| Taxes, remuneration and social security | 45 | €27,214 | €26,368 | -€847 | -3.1% |
| Taxes | 450/3 | €27,214 | €23,368 | -€3,847 | -14.1% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €186 | €322 | +€136 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,850 | +€1,850 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €84,012 | €105,875 | +€21,863 | +26.0% |
| Operating profit (loss) | 9901 | €83,886 | €103,896 | +€20,010 | +23.9% |
| Financial income | 75/76B | €0 | €854 | +€854 | +8,538,300% |
| Recurring financial income | 75 | €0 | €854 | +€854 | +8,538,300% |
| Financial charges | 65/66B | €708 | €399 | -€309 | -43.7% |
| Recurring financial charges | 65 | €708 | €399 | -€309 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €83,178 | €104,351 | +€21,173 | +25.5% |
| Income taxes | 67/77 | €22,805 | €28,727 | +€5,922 | +26.0% |
| Profit (loss) for the period | 9904 | €60,373 | €75,625 | +€15,251 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,373 | €75,625 | +€15,251 | +25.3% |
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 19 October 2026 via checked.be.