SILVERSHOP: 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.
SILVERSHOP
Largest movements
- Receivables within one year +€38,604
up €38,604 (+59.6%), from €64,825 to €103,429
of which Other amounts receivable: +€38,670
- Tangible fixed assets -€35,108
down €35,108 (-8.3%), from €421,993 to €386,885
of which Other tangible fixed assets: -€19,158
- Cash -€19,769
down €19,769 (-4.8%), from €411,813 to €392,044
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€38,604)
- Reserves +€25,847
up €25,847 (+11.2%), from €229,989 to €255,836
of which Distributable reserves: +€25,847
- Debts after one year -€21,309
down €21,309 (-12.5%), from €169,939 to €148,630
- Trade debts -€14,632
down €14,632 (-38.8%), from €37,747 to €23,116
- Other debts -€13,800
down €13,800 (-3.1%), from €448,341 to €434,541
- Staff costs +€48,060
up €48,060 (+16.8%), from €286,288 to €334,348
- Gross operating margin -€30,777
down €30,777 (-5.0%), from €617,104 to €586,327
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 | €1,051,566 | €1,038,997 | -€12,568 | -1.2% |
| Fixed assets | 21/28 | €443,037 | €407,929 | -€35,108 | -7.9% |
| Tangible fixed assets | 22/27 | €421,993 | €386,885 | -€35,108 | -8.3% |
| Plant, machinery and equipment | 23 | €266,161 | €253,600 | -€12,561 | -4.7% |
| Furniture and vehicles | 24 | €26,309 | €22,920 | -€3,389 | -12.9% |
| Other tangible fixed assets | 26 | €129,524 | €110,365 | -€19,158 | -14.8% |
| Financial fixed assets | 28 | €21,044 | €21,044 | = | 0.0% |
| Current assets | 29/58 | €608,529 | €631,068 | +€22,540 | +3.7% |
| Stocks and contracts in progress | 3 | €124,601 | €130,121 | +€5,520 | +4.4% |
| Stocks | 30/36 | €124,601 | €130,121 | +€5,520 | +4.4% |
| Amounts receivable within one year | 40/41 | €64,825 | €103,429 | +€38,604 | +59.6% |
| Trade receivables | 40 | €3,068 | €3,002 | -€66 | -2.1% |
| Other amounts receivable | 41 | €61,757 | €100,427 | +€38,670 | +62.6% |
| Cash at bank and in hand | 54/58 | €411,813 | €392,044 | -€19,769 | -4.8% |
| Deferred charges and accrued income | 490/1 | €7,290 | €5,475 | -€1,816 | -24.9% |
| Total equity and liabilities | 10/49 | €1,051,566 | €1,038,997 | -€12,568 | -1.2% |
| Equity | 10/15 | €319,989 | €345,836 | +€25,847 | +8.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €229,989 | €255,836 | +€25,847 | +11.2% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €220,989 | €246,836 | +€25,847 | +11.7% |
| Amounts payable | 17/49 | €731,577 | €693,161 | -€38,416 | -5.3% |
| Amounts payable after more than one year | 17 | €169,939 | €148,630 | -€21,309 | -12.5% |
| Financial debts | 170/4 | €169,939 | €148,630 | -€21,309 | -12.5% |
| Amounts payable within one year | 42/48 | €557,927 | €538,693 | -€19,234 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €39,919 | €45,378 | +€5,459 | +13.7% |
| Trade debts | 44 | €37,747 | €23,116 | -€14,632 | -38.8% |
| Suppliers | 440/4 | €37,747 | €23,116 | -€14,632 | -38.8% |
| Taxes, remuneration and social security | 45 | €31,919 | €35,658 | +€3,739 | +11.7% |
| Taxes | 450/3 | €7,909 | €7,936 | +€27 | +0.3% |
| Remuneration and social security | 454/9 | €24,010 | €27,722 | +€3,712 | +15.5% |
| Other amounts payable | 47/48 | €448,341 | €434,541 | -€13,800 | -3.1% |
| Accrued charges and deferred income | 492/3 | €3,711 | €5,839 | +€2,128 | +57.3% |
| Remuneration, social security and pensions | 62 | €286,288 | €334,348 | +€48,060 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,413 | €58,645 | +€1,232 | +2.1% |
| Other operating charges | 640/8 | €4,783 | €3,664 | -€1,119 | -23.4% |
| Gross operating margin | 9900 | €617,104 | €586,327 | -€30,777 | -5.0% |
| Operating profit (loss) | 9901 | €268,621 | €189,671 | -€78,950 | -29.4% |
| Financial income | 75/76B | €802 | €986 | +€184 | +23.0% |
| Recurring financial income | 75 | €802 | €986 | +€184 | +23.0% |
| Financial charges | 65/66B | €15,405 | €10,079 | -€5,326 | -34.6% |
| Recurring financial charges | 65 | €15,405 | €10,079 | -€5,326 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €254,017 | €180,578 | -€73,440 | -28.9% |
| Income taxes | 67/77 | €9,242 | €4,731 | -€4,511 | -48.8% |
| Profit (loss) for the period | 9904 | €244,776 | €175,847 | -€68,929 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €244,776 | €175,847 | -€68,929 | -28.2% |
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 23 October 2026 via checked.be.