SILVERLAND: 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.
SILVERLAND
Largest movements
- Tangible fixed assets -€44,016
down €44,016 (-3.3%), from €1.3m to €1.3m
of which Land and buildings: -€56,461
- Intangible fixed assets -€18,039
down €18,039 (-18.6%), from €96,754 to €78,716
- Debts after one year -€103,380
down €103,380 (-10.9%), from €952,550 to €849,170
- Profit (loss) carried forward +€45,483
up €45,483 (+16.4%), from €277,149 to €322,632
- Tax, wage and social debts -€22,893
down €22,893 (-26.5%), from €86,353 to €63,460
of which Remuneration and social security: -€36,500
- Gross operating margin +€13,869
up €13,869 (+6.5%), from €213,714 to €227,583
- Financial charges -€7,607
down €7,607 (-17.6%), from €43,222 to €35,615
- Taxes +€3,771
up €3,771 (+15.5%), from €24,397 to €28,168
- Depreciation +€2,377
up €2,377 (+3.5%), from €67,586 to €69,962
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 | €1,496,655 | €1,414,099 | -€82,556 | -5.5% |
| Fixed assets | 21/28 | €1,438,383 | €1,376,327 | -€62,055 | -4.3% |
| Intangible fixed assets | 21 | €96,754 | €78,716 | -€18,039 | -18.6% |
| Tangible fixed assets | 22/27 | €1,341,628 | €1,297,612 | -€44,016 | -3.3% |
| Land and buildings | 22 | €1,340,911 | €1,284,450 | -€56,461 | -4.2% |
| Furniture and vehicles | 24 | €717 | €2,292 | +€1,575 | +220% |
| Other tangible fixed assets | 26 | - | €10,870 | +€10,870 | |
| Current assets | 29/58 | €58,273 | €37,771 | -€20,501 | -35.2% |
| Amounts receivable within one year | 40/41 | €62 | €803 | +€741 | +1,195% |
| Trade receivables | 40 | €4 | - | -€4 | |
| Other amounts receivable | 41 | €58 | €803 | +€745 | +1,284% |
| Cash at bank and in hand | 54/58 | €46,908 | €33,431 | -€13,477 | -28.7% |
| Deferred charges and accrued income | 490/1 | €11,302 | €3,538 | -€7,765 | -68.7% |
| Total equity and liabilities | 10/49 | €1,496,655 | €1,414,099 | -€82,556 | -5.5% |
| Equity | 10/15 | €285,209 | €330,692 | +€45,483 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €277,149 | €322,632 | +€45,483 | +16.4% |
| Amounts payable | 17/49 | €1,211,446 | €1,083,406 | -€128,039 | -10.6% |
| Amounts payable after more than one year | 17 | €952,550 | €849,170 | -€103,380 | -10.9% |
| Financial debts | 170/4 | €952,550 | €849,170 | -€103,380 | -10.9% |
| Amounts payable within one year | 42/48 | €258,896 | €234,237 | -€24,659 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €107,223 | €103,797 | -€3,426 | -3.2% |
| Trade debts | 44 | €6,651 | €841 | -€5,810 | -87.4% |
| Suppliers | 440/4 | €6,651 | €841 | -€5,810 | -87.4% |
| Taxes, remuneration and social security | 45 | €86,353 | €63,460 | -€22,893 | -26.5% |
| Taxes | 450/3 | €44,853 | €58,460 | +€13,607 | +30.3% |
| Remuneration and social security | 454/9 | €41,500 | €5,000 | -€36,500 | -88.0% |
| Other amounts payable | 47/48 | €58,669 | €66,139 | +€7,470 | +12.7% |
| Non-recurring operating income | 76A | - | €5,803 | +€5,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,586 | €69,962 | +€2,377 | +3.5% |
| Other operating charges | 640/8 | €18,133 | €18,517 | +€384 | +2.1% |
| Non-recurring operating charges | 66A | - | €377 | +€377 | |
| Gross operating margin | 9900 | €213,714 | €227,583 | +€13,869 | +6.5% |
| Operating profit (loss) | 9901 | €127,996 | €138,728 | +€10,732 | +8.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €43,222 | €35,615 | -€7,607 | -17.6% |
| Recurring financial charges | 65 | €43,222 | €35,615 | -€7,607 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €84,774 | €103,115 | +€18,341 | +21.6% |
| Income taxes | 67/77 | €24,397 | €28,168 | +€3,771 | +15.5% |
| Profit (loss) for the period | 9904 | €60,376 | €74,947 | +€14,570 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,376 | €74,947 | +€14,570 | +24.1% |
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.