SILVERSTAR: 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.
SILVERSTAR
Largest movements
- Cash +€23,699
up €23,699 (+259%), from €9,142 to €32,841
mainly Receivables within one year (+€12,403) and Trade debts (+€4,287)
- Receivables within one year -€12,403
down €12,403 (-89.5%), from €13,855 to €1,452
of which Other amounts receivable: -€10,019
- Stocks and contracts -€2,108
down €2,108 (-52.9%), from €3,985 to €1,877
- Trade debts +€4,287
up €4,287 (+83.7%), from €5,119 to €9,406
- Accrued charges and deferred income +€2,500
up €2,500 (+111%), from €2,250 to €4,750
- Profit (loss) carried forward +€1,861
up €1,861 (+46.4%), from -€4,013 to -€2,153
- Tax, wage and social debts +€1,626
up €1,626 (+85.7%), from €1,897 to €3,523
- Debts after one year -€1,177
down €1,177 (-54.6%), from €2,157 to €980
- Gross operating margin -€1,088
down €1,088 (-29.8%), from €3,649 to €2,561
- Financial charges +€81
up €81 (+91.2%), from €88 to €169
- Staff costs +€69
new in 2025: €69
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 | €27,161 | €36,258 | +€9,096 | +33.5% |
| Current assets | 29/58 | €27,161 | €36,258 | +€9,096 | +33.5% |
| Stocks and contracts in progress | 3 | €3,985 | €1,877 | -€2,108 | -52.9% |
| Stocks | 30/36 | €3,985 | €1,877 | -€2,108 | -52.9% |
| Amounts receivable within one year | 40/41 | €13,855 | €1,452 | -€12,403 | -89.5% |
| Trade receivables | 40 | €3,835 | €1,452 | -€2,383 | -62.1% |
| Other amounts receivable | 41 | €10,019 | - | -€10,019 | |
| Cash at bank and in hand | 54/58 | €9,142 | €32,841 | +€23,699 | +259% |
| Deferred charges and accrued income | 490/1 | €179 | €87 | -€92 | -51.4% |
| Total equity and liabilities | 10/49 | €27,161 | €36,258 | +€9,096 | +33.5% |
| Equity | 10/15 | €15,739 | €17,599 | +€1,861 | +11.8% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €252 | €252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €252 | €252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €252 | €252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,013 | -€2,153 | +€1,861 | +46.4% |
| Amounts payable | 17/49 | €11,423 | €18,658 | +€7,236 | +63.3% |
| Amounts payable after more than one year | 17 | €2,157 | €980 | -€1,177 | -54.6% |
| Other amounts payable | 178/9 | €2,157 | €980 | -€1,177 | -54.6% |
| Amounts payable within one year | 42/48 | €7,016 | €12,929 | +€5,913 | +84.3% |
| Trade debts | 44 | €5,119 | €9,406 | +€4,287 | +83.7% |
| Suppliers | 440/4 | €5,119 | €9,406 | +€4,287 | +83.7% |
| Taxes, remuneration and social security | 45 | €1,897 | €3,523 | +€1,626 | +85.7% |
| Taxes | 450/3 | €1,897 | €3,523 | +€1,626 | +85.7% |
| Accrued charges and deferred income | 492/3 | €2,250 | €4,750 | +€2,500 | +111% |
| Remuneration, social security and pensions | 62 | - | €69 | +€69 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €3,649 | €2,561 | -€1,088 | -29.8% |
| Operating profit (loss) | 9901 | €3,199 | €2,030 | -€1,170 | -36.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €88 | €169 | +€81 | +91.2% |
| Recurring financial charges | 65 | €88 | €169 | +€81 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €3,111 | €1,861 | -€1,250 | -40.2% |
| Profit (loss) for the period | 9904 | €3,111 | €1,861 | -€1,250 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,111 | €1,861 | -€1,250 | -40.2% |
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 15 October 2026 via checked.be.