Silverfox: 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.
What changed
Silverfox
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,160
2024 · -€5,305+€12,464
Equity
€3,078
2024 · -€4,082+€7,160
Cash
€4,924
2024 · €9,038-€4,114
Balance sheet total
€748,359
2024 · €780,115-€31,756
Largest movements
Assets
- Tangible fixed assets -€20,158
down €20,158 (-2.7%), from €758,881 to €738,723
of which Plant, machinery and equipment: -€31,925
Equity and liabilities
- Debts after one year -€29,540
down €29,540 (-4.5%), from €661,991 to €632,451
- Trade debts -€11,942
down €11,942 (-55.1%), from €21,677 to €9,735
Income statement
- Depreciation -€34,574
down €34,574 (-44.4%), from €77,887 to €43,313
- Gross operating margin -€15,598
down €15,598 (-15.7%), from €99,303 to €83,705
- Financial charges +€5,216
up €5,216 (+22.1%), from €23,631 to €28,847
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.
Result 2024
-€5,305
Gross operating margin
-€15,598
Depreciation
+€34,574
Other operating charges
-€554
Financial income
-€25
Financial charges
-€5,216
Taxes
-€716
Result 2025
€7,160
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.
From operations
+€47,900
Investment
-€23,155
Financing
-€28,859
Cash 2024
€9,038
From operations (derived)
+€47,900
Net result for the year
+€7,160
Depreciation
+€43,313
Stocks and contracts
-€103
Receivables within one year
+€3,683
Deferred charges and accrued income
+€3,903
Trade debts
-€11,942
Tax, wage and social debts
-€228
Advances received
-€4,000
Other debts
+€4,188
Accrued charges and deferred income
+€1,925
Investment (derived)
-€23,155
Investment in fixed assets (net)
-€23,155
Financing
-€28,859
Debts after one year
-€29,540
Current portion of long-term debt
+€681
Cash 2025
€4,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,115 | €748,359 | -€31,756 | -4.1% |
| Fixed assets | 21/28 | €758,881 | €738,723 | -€20,158 | -2.7% |
| Tangible fixed assets | 22/27 | €758,881 | €738,723 | -€20,158 | -2.7% |
| Land and buildings | 22 | €685,754 | €709,027 | +€23,274 | +3.4% |
| Plant, machinery and equipment | 23 | €34,348 | €2,422 | -€31,925 | -92.9% |
| Leasing and similar rights | 25 | €38,780 | €27,273 | -€11,507 | -29.7% |
| Current assets | 29/58 | €21,234 | €9,637 | -€11,598 | -54.6% |
| Stocks and contracts in progress | 3 | €4,016 | €4,119 | +€103 | +2.6% |
| Stocks | 30/36 | €4,016 | €4,119 | +€103 | +2.6% |
| Amounts receivable within one year | 40/41 | €3,964 | €280 | -€3,683 | -92.9% |
| Trade receivables | 40 | €3,849 | - | -€3,849 | |
| Other amounts receivable | 41 | €115 | €280 | +€166 | +144.3% |
| Cash at bank and in hand | 54/58 | €9,038 | €4,924 | -€4,114 | -45.5% |
| Deferred charges and accrued income | 490/1 | €4,216 | €314 | -€3,903 | -92.6% |
| Total equity and liabilities | 10/49 | €780,115 | €748,359 | -€31,756 | -4.1% |
| Equity | 10/15 | -€4,082 | €3,078 | +€7,160 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,178 | €43,337 | +€7,160 | +19.8% |
| Distributable reserves | 133 | €36,178 | €43,337 | +€7,160 | +19.8% |
| Profit (loss) carried forward | 14 | -€43,260 | -€43,260 | = | 0.0% |
| Amounts payable | 17/49 | €784,198 | €745,282 | -€38,916 | -5.0% |
| Amounts payable after more than one year | 17 | €661,991 | €632,451 | -€29,540 | -4.5% |
| Financial debts | 170/4 | €661,991 | €632,451 | -€29,540 | -4.5% |
| Amounts payable within one year | 42/48 | €122,206 | €110,906 | -€11,301 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €28,859 | €29,540 | +€681 | +2.4% |
| Trade debts | 44 | €21,677 | €9,735 | -€11,942 | -55.1% |
| Suppliers | 440/4 | €21,677 | €9,735 | -€11,942 | -55.1% |
| Advances received on contracts in progress | 46 | €4,000 | - | -€4,000 | |
| Taxes, remuneration and social security | 45 | €3,944 | €3,716 | -€228 | -5.8% |
| Taxes | 450/3 | €944 | €716 | -€228 | -24.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €63,726 | €67,914 | +€4,188 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €1,925 | +€1,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,887 | €43,313 | -€34,574 | -44.4% |
| Other operating charges | 640/8 | €3,118 | €3,673 | +€554 | +17.8% |
| Gross operating margin | 9900 | €99,303 | €83,705 | -€15,598 | -15.7% |
| Operating profit (loss) | 9901 | €18,298 | €36,719 | +€18,421 | +100.7% |
| Financial income | 75/76B | €29 | €4 | -€25 | -87.2% |
| Recurring financial income | 75 | €29 | €4 | -€25 | -87.2% |
| Financial charges | 65/66B | €23,631 | €28,847 | +€5,216 | +22.1% |
| Recurring financial charges | 65 | €23,631 | €28,847 | +€5,216 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,305 | €7,876 | +€13,180 | |
| Income taxes | 67/77 | - | €716 | +€716 | |
| Profit (loss) for the period | 9904 | -€5,305 | €7,160 | +€12,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,305 | €7,160 | +€12,464 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.