Silverwoods: 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.
What changed
Silverwoods
NACE 96.301, Funeral services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€687,761
2024 · €554,165+€133,596
Equity
€7.0m
2024 · €6.3m+€687,761
Cash
€4.0m
2024 · €3.1m+€875,201
Balance sheet total
€7.7m
2024 · €7.3m+€356,606
Largest movements
Assets
- Cash +€875,201
up €875,201 (+27.9%), from €3.1m to €4.0m
mainly Net result for the year (+€687,761) and Current investments (+€309,384)
- Current investments -€309,384
down €309,384 (-16.7%), from €1.9m to €1.5m
- Tangible fixed assets -€253,043
down €253,043 (-13.5%), from €1.9m to €1.6m
Equity and liabilities
- Reserves +€687,761
up €687,761 (+11.0%), from €6.3m to €6.9m
of which Distributable reserves: +€687,761
- Trade debts -€182,586
down €182,586 (-40.5%), from €450,746 to €268,160
Income statement
- Gross operating margin +€153,627
up €153,627 (+11.6%), from €1.3m to €1.5m
- Provisions +€72,500
up €72,500, from -€72,500 to €0
- Write-downs -€37,256
down €37,256 (-100%), from €37,256 to €0
- Taxes -€29,854
down €29,854 (-11.4%), from €261,386 to €231,531
- Financial income -€24,752
down €24,752 (-31.1%), from €79,585 to €54,833
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.
Result 2024
€554,165
Gross operating margin
+€153,627
Staff costs
+€19,766
Depreciation
-€1,194
Write-downs
+€37,256
Provisions
-€72,500
Other operating charges
+€163
Financial income
-€24,752
Financial charges
-€8,624
Taxes
+€29,854
Result 2025
€687,761
raises the resultlowers the result
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.
From operations
+€624,170
Investment
+€305,458
Financing
-€54,426
Cash 2024
€3.1m
From operations (derived)
+€624,170
Net result for the year
+€687,761
Depreciation
+€256,970
Receivables after one year
+€933
Stocks and contracts
-€3,272
Receivables within one year
-€52,690
Deferred charges and accrued income
+€11,197
Trade debts
-€182,586
Tax, wage and social debts
-€48,354
Accrued charges and deferred income
-€45,789
Investment (derived)
+€305,458
Investment in fixed assets (net)
-€3,926
Current investments
+€309,384
Financing
-€54,426
Debts after one year
-€55,372
Current portion of long-term debt
+€946
Cash 2025
€4.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,337,193 | €7,693,799 | +€356,606 | +4.9% |
| Fixed assets | 21/28 | €1,926,221 | €1,673,178 | -€253,043 | -13.1% |
| Tangible fixed assets | 22/27 | €1,876,721 | €1,623,678 | -€253,043 | -13.5% |
| Land and buildings | 22 | €1,553,743 | €1,433,885 | -€119,859 | -7.7% |
| Plant, machinery and equipment | 23 | €39,593 | €19,376 | -€20,218 | -51.1% |
| Furniture and vehicles | 24 | €283,384 | €170,418 | -€112,967 | -39.9% |
| Financial fixed assets | 28 | €49,500 | €49,500 | = | 0.0% |
| Current assets | 29/58 | €5,410,972 | €6,020,621 | +€609,649 | +11.3% |
| Amounts receivable after more than one year | 29 | €50,933 | €50,000 | -€933 | -1.8% |
| Other amounts receivable | 291 | €50,933 | €50,000 | -€933 | -1.8% |
| Stocks and contracts in progress | 3 | €16,250 | €19,522 | +€3,272 | +20.1% |
| Stocks | 30/36 | €16,250 | €19,522 | +€3,272 | +20.1% |
| Amounts receivable within one year | 40/41 | €332,544 | €385,234 | +€52,690 | +15.8% |
| Trade receivables | 40 | €256,968 | €299,067 | +€42,099 | +16.4% |
| Other amounts receivable | 41 | €75,576 | €86,167 | +€10,591 | +14.0% |
| Current investments | 50/53 | €1,852,276 | €1,542,892 | -€309,384 | -16.7% |
| Cash at bank and in hand | 54/58 | €3,133,395 | €4,008,597 | +€875,201 | +27.9% |
| Deferred charges and accrued income | 490/1 | €25,574 | €14,377 | -€11,197 | -43.8% |
| Total equity and liabilities | 10/49 | €7,337,193 | €7,693,799 | +€356,606 | +4.9% |
| Equity | 10/15 | €6,337,688 | €7,025,449 | +€687,761 | +10.9% |
| Contributions | 10/11 | €80,100 | €80,100 | = | 0.0% |
| Capital | 10 | €80,100 | €80,100 | = | 0.0% |
| Issued capital | 100 | €80,100 | €80,100 | = | 0.0% |
| Reserves | 13 | €6,257,588 | €6,945,349 | +€687,761 | +11.0% |
| Non-distributable reserves | 130/1 | €98,314 | €98,314 | = | 0.0% |
| Legal reserve | 130 | €98,314 | €98,314 | = | 0.0% |
| Distributable reserves | 133 | €6,159,274 | €6,847,036 | +€687,761 | +11.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €999,505 | €668,350 | -€331,155 | -33.1% |
| Amounts payable after more than one year | 17 | €326,756 | €271,384 | -€55,372 | -16.9% |
| Financial debts | 170/4 | €326,756 | €271,384 | -€55,372 | -16.9% |
| Amounts payable within one year | 42/48 | €626,960 | €396,966 | -€229,994 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €54,426 | €55,372 | +€946 | +1.7% |
| Trade debts | 44 | €450,746 | €268,160 | -€182,586 | -40.5% |
| Suppliers | 440/4 | €450,746 | €268,160 | -€182,586 | -40.5% |
| Taxes, remuneration and social security | 45 | €121,788 | €73,434 | -€48,354 | -39.7% |
| Taxes | 450/3 | €88,811 | €30,944 | -€57,867 | -65.2% |
| Remuneration and social security | 454/9 | €32,977 | €42,490 | +€9,513 | +28.8% |
| Accrued charges and deferred income | 492/3 | €45,789 | €0 | -€45,789 | -100% |
| Non-recurring operating income | 76A | €500 | €24,793 | +€24,293 | +4,859% |
| Remuneration, social security and pensions | 62 | €311,632 | €291,865 | -€19,766 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,776 | €256,970 | +€1,194 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,256 | €0 | -€37,256 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€72,500 | €0 | +€72,500 | |
| Other operating charges | 640/8 | €49,463 | €49,300 | -€163 | -0.3% |
| Gross operating margin | 9900 | €1,325,574 | €1,479,201 | +€153,627 | +11.6% |
| Operating profit (loss) | 9901 | €743,948 | €881,065 | +€137,118 | +18.4% |
| Financial income | 75/76B | €79,585 | €54,833 | -€24,752 | -31.1% |
| Recurring financial income | 75 | €79,585 | €54,833 | -€24,752 | -31.1% |
| Financial charges | 65/66B | €7,982 | €16,606 | +€8,624 | +108% |
| Recurring financial charges | 65 | €7,982 | €16,606 | +€8,624 | +108% |
| Profit (loss) for the period before taxes | 9903 | €815,551 | €919,292 | +€103,742 | +12.7% |
| Income taxes | 67/77 | €261,386 | €231,531 | -€29,854 | -11.4% |
| Profit (loss) for the period | 9904 | €554,165 | €687,761 | +€133,596 | +24.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €554,165 | €687,761 | +€133,596 | +24.1% |
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 28 October 2026 via checked.be.