SILVERLINE PROPERTIES: 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 PROPERTIES
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€320,177
2024 · €1.5m-€1.2m
Equity
€2.5m
2024 · €2.2m+€320,177
Cash
€1.1m
2024 · €696,884+€448,473
Balance sheet total
€20.7m
2024 · €21.2m-€442,433
Largest movements
Assets
- Stocks and contracts -€794,692
down €794,692 (-5.5%), from €14.6m to €13.8m
- Cash +€448,473
up €448,473 (+64.4%), from €696,884 to €1.1m
mainly Stocks and contracts (+€794,692) and Net result for the year (+€320,177)
Equity and liabilities
- Short-term financial debts -€806,653
down €806,653 (-7.2%), from €11.1m to €10.3m
- Reserves +€320,177
up €320,177 (+17.2%), from €1.9m to €2.2m
of which Distributable reserves: +€320,177
Income statement
- Gross operating margin -€1.3m
down €1.3m (-39.0%), from €3.4m to €2.1m
- Other operating charges +€724,270
up €724,270 (+538.3%), from €134,547 to €858,817
- Financial charges -€427,675
down €427,675 (-36.7%), from €1.2m to €739,237
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
€1.5m
Gross operating margin
-€1.3m
Depreciation
-€1,057
Other operating charges
-€724,270
Financial income
-€491
Financial charges
+€427,675
Taxes
-€26,045
Deferred taxes and other
+€435,271
Result 2025
€320,177
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
+€1.4m
Investment
-€8,999
Financing
-€913,154
Cash 2024
€696,884
From operations (derived)
+€1.4m
Net result for the year
+€320,177
Depreciation
+€55,816
Stocks and contracts
+€794,692
Receivables within one year
+€44,332
Deferred charges and accrued income
+€5,066
Trade debts
-€39,021
Tax, wage and social debts
-€23,814
Other debts
+€6,833
Accrued charges and deferred income
+€206,546
Investment (derived)
-€8,999
Investment in fixed assets (net)
-€8,999
Financing
-€913,154
Debts after one year
-€123,092
Current portion of long-term debt
+€16,591
Short-term financial debts
-€806,653
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,162,692 | €20,720,258 | -€442,433 | -2.1% |
| Fixed assets | 21/28 | €4,101,115 | €4,054,297 | -€46,817 | -1.1% |
| Tangible fixed assets | 22/27 | €2,085,655 | €2,038,838 | -€46,817 | -2.2% |
| Land and buildings | 22 | €2,085,655 | €2,038,838 | -€46,817 | -2.2% |
| Financial fixed assets | 28 | €2,015,460 | €2,015,460 | = | 0.0% |
| Current assets | 29/58 | €17,061,577 | €16,665,961 | -€395,616 | -2.3% |
| Stocks and contracts in progress | 3 | €14,561,402 | €13,766,710 | -€794,692 | -5.5% |
| Stocks | 30/36 | €14,561,402 | €13,766,710 | -€794,692 | -5.5% |
| Amounts receivable within one year | 40/41 | €1,786,062 | €1,741,731 | -€44,332 | -2.5% |
| Trade receivables | 40 | €27,250 | €121,034 | +€93,784 | +344.2% |
| Other amounts receivable | 41 | €1,758,812 | €1,620,696 | -€138,116 | -7.9% |
| Cash at bank and in hand | 54/58 | €696,884 | €1,145,357 | +€448,473 | +64.4% |
| Deferred charges and accrued income | 490/1 | €17,229 | €12,163 | -€5,066 | -29.4% |
| Total equity and liabilities | 10/49 | €21,162,692 | €20,720,258 | -€442,433 | -2.1% |
| Equity | 10/15 | €2,159,471 | €2,479,648 | +€320,177 | +14.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,859,471 | €2,179,648 | +€320,177 | +17.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,305,812 | €1,305,812 | = | 0.0% |
| Distributable reserves | 133 | €553,659 | €873,836 | +€320,177 | +57.8% |
| Provisions and deferred taxes | 16 | €435,271 | €435,271 | = | 0.0% |
| Deferred taxes | 168 | €435,271 | €435,271 | = | 0.0% |
| Amounts payable | 17/49 | €18,567,951 | €17,805,340 | -€762,611 | -4.1% |
| Amounts payable after more than one year | 17 | €5,633,442 | €5,510,350 | -€123,092 | -2.2% |
| Financial debts | 170/4 | €5,633,442 | €5,510,350 | -€123,092 | -2.2% |
| Amounts payable within one year | 42/48 | €11,792,975 | €10,946,910 | -€846,065 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €61,529 | €78,119 | +€16,591 | +27.0% |
| Financial debts | 43 | €11,145,620 | €10,338,967 | -€806,653 | -7.2% |
| Credit institutions | 430/8 | €11,145,620 | €10,338,967 | -€806,653 | -7.2% |
| Trade debts | 44 | €51,320 | €12,299 | -€39,021 | -76.0% |
| Suppliers | 440/4 | €51,320 | €12,299 | -€39,021 | -76.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €31,538 | €7,724 | -€23,814 | -75.5% |
| Taxes | 450/3 | €31,538 | €7,724 | -€23,814 | -75.5% |
| Other amounts payable | 47/48 | €502,968 | €509,800 | +€6,833 | +1.4% |
| Accrued charges and deferred income | 492/3 | €1,141,534 | €1,348,080 | +€206,546 | +18.1% |
| Non-recurring operating income | 76A | €1,741,083 | €0 | -€1.7m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,759 | €55,816 | +€1,057 | +1.9% |
| Other operating charges | 640/8 | €134,547 | €858,817 | +€724,270 | +538.3% |
| Gross operating margin | 9900 | €3,413,455 | €2,081,066 | -€1.3m | -39.0% |
| Operating profit (loss) | 9901 | €3,224,149 | €1,166,433 | -€2.1m | -63.8% |
| Financial income | 75/76B | €1,203 | €712 | -€491 | -40.8% |
| Recurring financial income | 75 | €1,203 | €712 | -€491 | -40.8% |
| Financial charges | 65/66B | €1,166,912 | €739,237 | -€427,675 | -36.7% |
| Recurring financial charges | 65 | €1,166,912 | €739,237 | -€427,675 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €2,058,440 | €427,908 | -€1.6m | -79.2% |
| Transfer to deferred taxes | 680 | €435,271 | €0 | -€435,271 | -100.0% |
| Income taxes | 67/77 | €81,685 | €107,730 | +€26,045 | +31.9% |
| Profit (loss) for the period | 9904 | €1,541,484 | €320,177 | -€1.2m | -79.2% |
| Transfer to tax-exempt reserves | 689 | €1,305,812 | €0 | -€1.3m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €235,672 | €320,177 | +€84,505 | +35.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.