SILVERLINING: 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.
SILVERLINING
Largest movements
- Tangible fixed assets -€10,765
down €10,765 (-7.4%), from €145,106 to €134,341
of which Land and buildings: -€6,258
- Profit (loss) carried forward -€10,437
down €10,437 (-6.0%), from -€174,156 to -€184,593
- Depreciation +€1,143
up €1,143 (+10.3%), from €11,122 to €12,265
- Gross operating margin -€714
down €714 (-27.5%), from €2,596 to €1,882
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,546 | €134,363 | -€11,183 | -7.7% |
| Fixed assets | 21/28 | €145,106 | €134,341 | -€10,765 | -7.4% |
| Tangible fixed assets | 22/27 | €145,106 | €134,341 | -€10,765 | -7.4% |
| Land and buildings | 22 | €101,479 | €95,221 | -€6,258 | -6.2% |
| Other tangible fixed assets | 26 | €43,627 | €39,120 | -€4,507 | -10.3% |
| Current assets | 29/58 | €441 | €22 | -€418 | -95.0% |
| Amounts receivable within one year | 40/41 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €440 | €21 | -€418 | -95.1% |
| Total equity and liabilities | 10/49 | €145,546 | €134,363 | -€11,183 | -7.7% |
| Equity | 10/15 | -€111,656 | -€122,093 | -€10,437 | -9.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,156 | -€184,593 | -€10,437 | -6.0% |
| Amounts payable | 17/49 | €257,202 | €256,457 | -€746 | -0.3% |
| Amounts payable within one year | 42/48 | €257,202 | €256,457 | -€746 | -0.3% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €257,202 | €256,057 | -€1,146 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,122 | €12,265 | +€1,143 | +10.3% |
| Gross operating margin | 9900 | €2,596 | €1,882 | -€714 | -27.5% |
| Operating profit (loss) | 9901 | -€8,526 | -€10,383 | -€1,857 | -21.8% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,577 | -€10,437 | -€1,860 | -21.7% |
| Profit (loss) for the period | 9904 | -€8,577 | -€10,437 | -€1,860 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,577 | -€10,437 | -€1,860 | -21.7% |
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.