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SILVERLINE DEVELOPMENT: 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.

What changed

SILVERLINE DEVELOPMENT

BE 0687.534.416
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€707,151
2024 · -€73,407-€633,744
Equity
-€566,574
2024 · €140,578-€707,151
Cash
€14,241
2024 · €5,486+€8,755
Balance sheet total
€2.4m
2024 · €1.9m+€456,545

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income +€596,603

    up €596,603 (+41.3%), from €1.4m to €2.0m

  • Receivables within one year -€136,528

    down €136,528 (-47.1%), from €289,636 to €153,108

    of which Other amounts receivable: -€81,062

Equity and liabilities
  • Other debts +€2.0m

    up €2.0m (+277.1%), from €711,838 to €2.7m

  • Debts after one year -€975,000

    down €975,000 (-100.0%), from €975,000 to €0

  • Profit (loss) carried forward -€707,151

    down €707,151, from €134,278 to -€572,874

  • Trade debts +€166,370

    up €166,370 (+213.8%), from €77,801 to €244,171

Income statement
  • Gross operating margin -€634,094

    down €634,094 (-1125.4%), from -€56,344 to -€690,438

From the 2024 result to the 2025 result

effect on the 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 -€73,407
Gross operating margin -€634,094
Staff costs -€207
Depreciation +€4,041
Other operating charges -€4,792
Financial income +€1,804
Financial charges -€497
Result 2025 -€707,151

Cash bridge derived

cash 2024 to 2025

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 +€983,755
Investment €0
Financing -€975,000
Cash 2024 €5,486
Net result for the year -€707,151
Depreciation +€12,285
Receivables within one year +€136,528
Deferred charges and accrued income -€596,603
Trade debts +€166,370
Other debts +€2.0m
Debts after one year -€975,000
Cash 2025 €14,241
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,905,217 €2,361,762 +€456,545 +24.0%
Fixed assets 21/28 €165,900 €153,615 -€12,285 -7.4%
Tangible fixed assets 22/27 €165,775 €153,490 -€12,285 -7.4%
Land and buildings 22 €148,146 €139,395 -€8,751 -5.9%
Plant, machinery and equipment 23 €2,195 €1,916 -€279 -12.7%
Furniture and vehicles 24 €0 - =
Other tangible fixed assets 26 €15,434 €12,179 -€3,255 -21.1%
Financial fixed assets 28 €125 €125 = 0.0%
Current assets 29/58 €1,739,317 €2,208,147 +€468,830 +27.0%
Amounts receivable within one year 40/41 €289,636 €153,108 -€136,528 -47.1%
Trade receivables 40 €122,330 €66,865 -€55,465 -45.3%
Other amounts receivable 41 €167,305 €86,243 -€81,062 -48.5%
Cash at bank and in hand 54/58 €5,486 €14,241 +€8,755 +159.6%
Deferred charges and accrued income 490/1 €1,444,196 €2,040,798 +€596,603 +41.3%
Total equity and liabilities 10/49 €1,905,217 €2,361,762 +€456,545 +24.0%
Equity 10/15 €140,578 -€566,574 -€707,151
Contributions 10/11 €6,300 €6,300 = 0.0%
Profit (loss) carried forward 14 €134,278 -€572,874 -€707,151
Amounts payable 17/49 €1,764,640 €2,928,336 +€1.2m +65.9%
Amounts payable after more than one year 17 €975,000 €0 -€975,000 -100.0%
Financial debts 170/4 €975,000 €0 -€975,000 -100.0%
Amounts payable within one year 42/48 €789,640 €2,928,336 +€2.1m +270.8%
Trade debts 44 €77,801 €244,171 +€166,370 +213.8%
Suppliers 440/4 €77,801 €244,171 +€166,370 +213.8%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €711,838 €2,684,165 +€2.0m +277.1%
Remuneration, social security and pensions 62 €0 €207 +€207
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,327 €12,285 -€4,041 -24.8%
Other operating charges 640/8 €118 €4,910 +€4,792 +4060.8%
Gross operating margin 9900 -€56,344 -€690,438 -€634,094 -1125.4%
Operating profit (loss) 9901 -€72,789 -€707,840 -€635,051 -872.5%
Financial income 75/76B €21 €1,826 +€1,804 +8535.6%
Recurring financial income 75 €21 €1,826 +€1,804 +8535.6%
Financial charges 65/66B €639 €1,137 +€497 +77.8%
Recurring financial charges 65 €639 €1,137 +€497 +77.8%
Profit (loss) for the period before taxes 9903 -€73,407 -€707,151 -€633,744 -863.3%
Income taxes 67/77 €0 - =
Profit (loss) for the period 9904 -€73,407 -€707,151 -€633,744 -863.3%
Profit (loss) for the period to be appropriated 9905 -€73,407 -€707,151 -€633,744 -863.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.