Silvertale: 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.
Silvertale
Largest movements
- Cash +€41,197
up €41,197 (+1,228%), from €3,355 to €44,552
mainly Net result for the year (+€63,304) and Tax, wage and social debts (+€25,663)
- Receivables after one year +€35,897
new in 2025: €35,897
- Tangible fixed assets -€5,625
down €5,625 (-35.8%), from €15,713 to €10,088
of which Plant, machinery and equipment: -€3,259
- Profit (loss) carried forward +€49,718
up €49,718 (+36.0%), from €138,050 to €187,768
- Tax, wage and social debts +€25,663
up €25,663 (+34.1%), from €75,240 to €100,904
- Short-term financial debts +€4,013
new in 2025: €4,013
- Trade debts -€3,972
down €3,972 (-74.6%), from €5,326 to €1,353
- Gross operating margin -€56,426
down €56,426 (-44.6%), from €126,641 to €70,215
- Other operating charges -€53,238
down €53,238 (-90.0%), from €59,172 to €5,934
- Financial income +€15,849
new in 2025: €15,849
of which Financial income: +€15,849
- Taxes +€10,262
new in 2025: €10,262
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 | €222,116 | €297,538 | +€75,422 | +34.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €15,713 | €11,838 | -€3,875 | -24.7% |
| Tangible fixed assets | 22/27 | €15,713 | €10,088 | -€5,625 | -35.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €6,248 | €2,989 | -€3,259 | -52.2% |
| Furniture and vehicles | 24 | €9,465 | €7,099 | -€2,366 | -25.0% |
| Financial fixed assets | 28 | - | €1,750 | +€1,750 | |
| Current assets | 29/58 | €206,403 | €285,700 | +€79,297 | +38.4% |
| Amounts receivable after more than one year | 29 | - | €35,897 | +€35,897 | |
| Other amounts receivable | 291 | - | €35,897 | +€35,897 | |
| Amounts receivable within one year | 40/41 | €201,541 | €204,001 | +€2,460 | +1.2% |
| Trade receivables | 40 | €154,387 | €146,105 | -€8,282 | -5.4% |
| Other amounts receivable | 41 | €47,153 | €57,896 | +€10,742 | +22.8% |
| Current investments | 50/53 | €1,250 | €1,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,355 | €44,552 | +€41,197 | +1,228% |
| Deferred charges and accrued income | 490/1 | €257 | - | -€257 | |
| Total equity and liabilities | 10/49 | €222,116 | €297,538 | +€75,422 | +34.0% |
| Equity | 10/15 | €141,550 | €191,268 | +€49,718 | +35.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,050 | €187,768 | +€49,718 | +36.0% |
| Amounts payable | 17/49 | €80,566 | €106,270 | +€25,704 | +31.9% |
| Amounts payable within one year | 42/48 | €80,566 | €106,270 | +€25,704 | +31.9% |
| Financial debts | 43 | - | €4,013 | +€4,013 | |
| Credit institutions | 430/8 | - | €4,013 | +€4,013 | |
| Trade debts | 44 | €5,326 | €1,353 | -€3,972 | -74.6% |
| Suppliers | 440/4 | €5,326 | €1,353 | -€3,972 | -74.6% |
| Taxes, remuneration and social security | 45 | €75,240 | €100,904 | +€25,663 | +34.1% |
| Taxes | 450/3 | €75,240 | €100,904 | +€25,663 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,217 | €5,625 | -€592 | -9.5% |
| Other operating charges | 640/8 | €59,172 | €5,934 | -€53,238 | -90.0% |
| Gross operating margin | 9900 | €126,641 | €70,215 | -€56,426 | -44.6% |
| Operating profit (loss) | 9901 | €61,253 | €58,656 | -€2,597 | -4.2% |
| Financial income | 75/76B | - | €15,849 | +€15,849 | |
| Recurring financial income | 75 | - | €15,849 | +€15,849 | |
| Non-recurring financial income | 76B | - | €15,849 | +€15,849 | |
| Financial charges | 65/66B | - | €940 | +€940 | |
| Recurring financial charges | 65 | - | €940 | +€940 | |
| Non-recurring financial charges | 66B | - | €940 | +€940 | |
| Profit (loss) for the period before taxes | 9903 | €61,253 | €73,565 | +€12,313 | +20.1% |
| Income taxes | 67/77 | - | €10,262 | +€10,262 | |
| Profit (loss) for the period | 9904 | €61,253 | €63,304 | +€2,051 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,253 | €63,304 | +€2,051 | +3.3% |
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 17 October 2026 via checked.be.