SILVERTIME: 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.
SILVERTIME
Largest movements
- Receivables within one year +€13,068
up €13,068 (+642.2%), from €2,035 to €15,103
of which Other amounts receivable: +€14,016
- Tangible fixed assets -€4,756
down €4,756 (-21.8%), from €21,797 to €17,042
- Deferred charges and accrued income -€1,596
down €1,596 (-100.0%), from €1,596 to €0
- Cash +€1,589
up €1,589 (+103.7%), from €1,532 to €3,122
mainly Net result for the year (+€14,191) and Depreciation (+€4,756)
- Profit (loss) carried forward +€14,191
up €14,191 (+74.0%), from -€19,166 to -€4,975
- Other debts -€3,451
down €3,451 (-100.0%), from €3,451 to €0
- Trade debts -€1,247
down €1,247 (-85.5%), from €1,459 to €212
- Tax, wage and social debts -€1,188
down €1,188 (-97.6%), from €1,217 to €29
- Turnover -€63,491
no longer reported in 2025 (was €63,491)
- Purchases and services -€45,151
no longer reported in 2025 (was €45,151)
- Depreciation -€5,223
down €5,223 (-52.3%), from €9,978 to €4,756
- Gross operating margin +€2,710
up €2,710 (+14.7%), from €18,394 to €21,104
- Other operating charges -€979
down €979 (-29.1%), from €3,365 to €2,387
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 | €26,961 | €35,266 | +€8,305 | +30.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €21,797 | €17,042 | -€4,756 | -21.8% |
| Tangible fixed assets | 22/27 | €21,797 | €17,042 | -€4,756 | -21.8% |
| Land and buildings | 22 | €7,086 | €6,270 | -€816 | -11.5% |
| Plant, machinery and equipment | 23 | €962 | €433 | -€529 | -55.0% |
| Furniture and vehicles | 24 | €2,999 | €1,739 | -€1,260 | -42.0% |
| Other tangible fixed assets | 26 | €10,750 | €8,600 | -€2,150 | -20.0% |
| Current assets | 29/58 | €5,164 | €18,225 | +€13,061 | +252.9% |
| Amounts receivable within one year | 40/41 | €2,035 | €15,103 | +€13,068 | +642.2% |
| Trade receivables | 40 | €948 | €0 | -€948 | -100.0% |
| Other amounts receivable | 41 | €1,087 | €15,103 | +€14,016 | +1289.5% |
| Cash at bank and in hand | 54/58 | €1,532 | €3,122 | +€1,589 | +103.7% |
| Deferred charges and accrued income | 490/1 | €1,596 | €0 | -€1,596 | -100.0% |
| Total equity and liabilities | 10/49 | €26,961 | €35,266 | +€8,305 | +30.8% |
| Equity | 10/15 | €20,834 | €35,025 | +€14,191 | +68.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,166 | -€4,975 | +€14,191 | +74.0% |
| Amounts payable | 17/49 | €6,127 | €241 | -€5,886 | -96.1% |
| Amounts payable within one year | 42/48 | €6,127 | €241 | -€5,886 | -96.1% |
| Trade debts | 44 | €1,459 | €212 | -€1,247 | -85.5% |
| Suppliers | 440/4 | €1,459 | €212 | -€1,247 | -85.5% |
| Taxes, remuneration and social security | 45 | €1,217 | €29 | -€1,188 | -97.6% |
| Taxes | 450/3 | €1,217 | €29 | -€1,188 | -97.6% |
| Other amounts payable | 47/48 | €3,451 | €0 | -€3,451 | -100.0% |
| Turnover | 70 | €63,491 | - | -€63,491 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,151 | - | -€45,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,978 | €4,756 | -€5,223 | -52.3% |
| Other operating charges | 640/8 | €3,365 | €2,387 | -€979 | -29.1% |
| Gross operating margin | 9900 | €18,394 | €21,104 | +€2,710 | +14.7% |
| Operating profit (loss) | 9901 | €5,051 | €13,961 | +€8,911 | +176.4% |
| Financial income | 75/76B | €0 | €340 | +€340 | +130757.7% |
| Recurring financial income | 75 | €0 | €340 | +€340 | +130757.7% |
| Financial charges | 65/66B | €133 | €110 | -€23 | -17.2% |
| Recurring financial charges | 65 | €133 | €110 | -€23 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €4,918 | €14,191 | +€9,274 | +188.6% |
| Profit (loss) for the period | 9904 | €4,918 | €14,191 | +€9,274 | +188.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,918 | €14,191 | +€9,274 | +188.6% |
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 8 October 2026 via checked.be.