THE SILVERING: 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.
THE SILVERING
Largest movements
- Receivables within one year +€9,603
up €9,603 (+168.8%), from €5,690 to €15,294
of which Trade receivables: +€7,612
- Cash +€8,058
up €8,058 (+301.5%), from €2,672 to €10,730
mainly Net result for the year (+€18,725) and Depreciation (+€1,672)
- Tangible fixed assets +€2,989
up €2,989 (+104.0%), from €2,874 to €5,863
of which Furniture and vehicles: +€3,157
- Deferred charges and accrued income -€321
down €321 (-63.3%), from €507 to €186
- Profit (loss) carried forward +€18,725
up €18,725, from -€16,072 to €2,653
- Tax, wage and social debts +€1,588
up €1,588 (+13.3%), from €11,972 to €13,559
of which Taxes: +€1,588
- Gross operating margin +€43,363
up €43,363, from -€16,810 to €26,553
- Other operating charges +€1,782
up €1,782 (+106.5%), from €1,673 to €3,455
- Taxes +€693
up €693 (+63.9%), from €1,085 to €1,778
- Depreciation +€313
up €313 (+23.1%), from €1,358 to €1,672
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 | €11,744 | €32,073 | +€20,329 | +173.1% |
| Fixed assets | 21/28 | €2,874 | €5,863 | +€2,989 | +104.0% |
| Tangible fixed assets | 22/27 | €2,874 | €5,863 | +€2,989 | +104.0% |
| Plant, machinery and equipment | 23 | €168 | €0 | -€168 | -100.0% |
| Furniture and vehicles | 24 | €2,706 | €5,863 | +€3,157 | +116.7% |
| Current assets | 29/58 | €8,870 | €26,210 | +€17,340 | +195.5% |
| Amounts receivable within one year | 40/41 | €5,690 | €15,294 | +€9,603 | +168.8% |
| Trade receivables | 40 | €5,635 | €13,247 | +€7,612 | +135.1% |
| Other amounts receivable | 41 | €55 | €2,046 | +€1,991 | +3616.3% |
| Cash at bank and in hand | 54/58 | €2,672 | €10,730 | +€8,058 | +301.5% |
| Deferred charges and accrued income | 490/1 | €507 | €186 | -€321 | -63.3% |
| Total equity and liabilities | 10/49 | €11,744 | €32,073 | +€20,329 | +173.1% |
| Equity | 10/15 | -€8,572 | €10,153 | +€18,725 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,072 | €2,653 | +€18,725 | |
| Amounts payable | 17/49 | €20,316 | €21,920 | +€1,604 | +7.9% |
| Amounts payable within one year | 42/48 | €20,316 | €21,920 | +€1,604 | +7.9% |
| Trade debts | 44 | €8,345 | €8,361 | +€16 | +0.2% |
| Suppliers | 440/4 | €8,345 | €8,361 | +€16 | +0.2% |
| Taxes, remuneration and social security | 45 | €11,972 | €13,559 | +€1,588 | +13.3% |
| Taxes | 450/3 | €11,972 | €13,559 | +€1,588 | +13.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €1,672 | +€313 | +23.1% |
| Other operating charges | 640/8 | €1,673 | €3,455 | +€1,782 | +106.5% |
| Gross operating margin | 9900 | -€16,810 | €26,553 | +€43,363 | |
| Operating profit (loss) | 9901 | -€19,841 | €21,426 | +€41,267 | |
| Financial income | 75/76B | €47 | €0 | -€46 | -99.8% |
| Recurring financial income | 75 | €47 | €0 | -€46 | -99.8% |
| Financial charges | 65/66B | €1,069 | €923 | -€146 | -13.6% |
| Recurring financial charges | 65 | €1,069 | €923 | -€146 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,863 | €20,503 | +€41,366 | |
| Income taxes | 67/77 | €1,085 | €1,778 | +€693 | +63.9% |
| Profit (loss) for the period | 9904 | -€21,948 | €18,725 | +€40,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,948 | €18,725 | +€40,673 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.