SYLVER: 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.
SYLVER
Largest movements
- Tangible fixed assets -€416,942
down €416,942 (-17.3%), from €2.4m to €2.0m
of which Land and buildings: -€418,400
- Cash +€151,907
up €151,907 (+68.7%), from €221,269 to €373,176
mainly Depreciation (+€261,080) and Investment in fixed assets (net) (+€155,862)
- Receivables within one year +€115,415
up €115,415 (+30.1%), from €383,635 to €499,049
of which Other amounts receivable: +€108,962
- Current investments -€91,605
down €91,605 (-4.8%), from €1.9m to €1.8m
- Debts after one year -€116,660
down €116,660 (-13.1%), from €891,398 to €774,737
of which Financial debts: -€116,660
- Reserves -€105,653
down €105,653 (-16.9%), from €624,806 to €519,153
of which Distributable reserves: -€105,653
- Profit (loss) carried forward -€79,165
down €79,165 (-2.7%), from €2.9m to €2.9m
- Gross operating margin -€478,562
down €478,562 (-75.1%), from €637,480 to €158,918
- Financial income +€141,024
up €141,024 (+296%), from €47,572 to €188,596
of which Financial income: +€118,264
- Taxes -€16,447
down €16,447 (-90.0%), from €18,285 to €1,838
- Depreciation +€15,546
up €15,546 (+6.3%), from €245,534 to €261,080
- Financial charges +€7,891
up €7,891 (+6.1%), from €129,523 to €137,414
of which Financial charges: +€15,318
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 | €6,510,988 | €6,286,388 | -€224,601 | -3.4% |
| Fixed assets | 21/28 | €3,888,882 | €3,471,940 | -€416,942 | -10.7% |
| Tangible fixed assets | 22/27 | €2,416,187 | €1,999,245 | -€416,942 | -17.3% |
| Land and buildings | 22 | €1,583,181 | €1,164,781 | -€418,400 | -26.4% |
| Plant, machinery and equipment | 23 | €589,031 | €664,052 | +€75,021 | +12.7% |
| Furniture and vehicles | 24 | €243,974 | €170,411 | -€73,563 | -30.2% |
| Financial fixed assets | 28 | €1,472,695 | €1,472,695 | = | 0.0% |
| Current assets | 29/58 | €2,622,107 | €2,814,448 | +€192,341 | +7.3% |
| Stocks and contracts in progress | 3 | €103,137 | €122,669 | +€19,532 | +18.9% |
| Stocks | 30/36 | €103,137 | €122,669 | +€19,532 | +18.9% |
| Amounts receivable within one year | 40/41 | €383,635 | €499,049 | +€115,415 | +30.1% |
| Trade receivables | 40 | €66,104 | €72,556 | +€6,453 | +9.8% |
| Other amounts receivable | 41 | €317,531 | €426,493 | +€108,962 | +34.3% |
| Current investments | 50/53 | €1,908,056 | €1,816,452 | -€91,605 | -4.8% |
| Cash at bank and in hand | 54/58 | €221,269 | €373,176 | +€151,907 | +68.7% |
| Deferred charges and accrued income | 490/1 | €6,010 | €3,102 | -€2,908 | -48.4% |
| Total equity and liabilities | 10/49 | €6,510,988 | €6,286,388 | -€224,601 | -3.4% |
| Equity | 10/15 | €4,278,724 | €4,093,906 | -€184,818 | -4.3% |
| Contributions | 10/11 | €705,000 | €705,000 | = | 0.0% |
| Reserves | 13 | €624,806 | €519,153 | -€105,653 | -16.9% |
| Non-distributable reserves | 130/1 | €70,500 | €70,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,500 | €70,500 | = | 0.0% |
| Distributable reserves | 133 | €554,306 | €448,653 | -€105,653 | -19.1% |
| Profit (loss) carried forward | 14 | €2,948,918 | €2,869,753 | -€79,165 | -2.7% |
| Amounts payable | 17/49 | €2,232,264 | €2,192,481 | -€39,783 | -1.8% |
| Amounts payable after more than one year | 17 | €891,398 | €774,737 | -€116,660 | -13.1% |
| Financial debts | 170/4 | €351,398 | €234,737 | -€116,660 | -33.2% |
| Other amounts payable | 178/9 | €540,000 | €540,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,315,871 | €1,381,774 | +€65,904 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €152,208 | €128,069 | -€24,139 | -15.9% |
| Financial debts | 43 | €872,755 | €872,755 | = | 0.0% |
| Credit institutions | 430/8 | €12,755 | €12,755 | = | 0.0% |
| Other loans | 439 | €860,000 | €860,000 | = | 0.0% |
| Trade debts | 44 | €54,978 | €115,417 | +€60,439 | +110% |
| Suppliers | 440/4 | €54,978 | €115,417 | +€60,439 | +110% |
| Taxes, remuneration and social security | 45 | €12,229 | €17,520 | +€5,291 | +43.3% |
| Taxes | 450/3 | €9,848 | €17,520 | +€7,672 | +77.9% |
| Remuneration and social security | 454/9 | €2,381 | - | -€2,381 | |
| Other amounts payable | 47/48 | €223,701 | €248,014 | +€24,312 | +10.9% |
| Accrued charges and deferred income | 492/3 | €24,996 | €35,970 | +€10,974 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,534 | €261,080 | +€15,546 | +6.3% |
| Other operating charges | 640/8 | €30,806 | €26,347 | -€4,459 | -14.5% |
| Non-recurring operating charges | 66A | €84,549 | - | -€84,549 | |
| Gross operating margin | 9900 | €637,480 | €158,918 | -€478,562 | -75.1% |
| Operating profit (loss) | 9901 | €276,591 | -€128,509 | -€405,100 | |
| Financial income | 75/76B | €47,572 | €188,596 | +€141,024 | +296% |
| Recurring financial income | 75 | €31,326 | €149,590 | +€118,264 | +378% |
| Non-recurring financial income | 76B | €16,246 | €39,006 | +€22,760 | +140% |
| Financial charges | 65/66B | €129,523 | €137,414 | +€7,891 | +6.1% |
| Recurring financial charges | 65 | €116,836 | €132,154 | +€15,318 | +13.1% |
| Non-recurring financial charges | 66B | €12,687 | €5,261 | -€7,426 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €194,640 | -€77,327 | -€271,967 | |
| Income taxes | 67/77 | €18,285 | €1,838 | -€16,447 | -90.0% |
| Profit (loss) for the period | 9904 | €176,355 | -€79,165 | -€255,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €176,355 | -€79,165 | -€255,520 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.