Zilverben: 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.
Zilverben
Largest movements
- Tangible fixed assets +€87,123
up €87,123 (+19.5%), from €447,402 to €534,525
of which Other tangible fixed assets: +€100,416
- Intangible fixed assets -€17,500
down €17,500 (-22.6%), from €77,292 to €59,792
- Trade debts +€113,910
up €113,910 (+476.1%), from €23,923 to €137,833
- Debts after one year -€37,614
down €37,614 (-10.0%), from €375,501 to €337,888
- Tax, wage and social debts -€17,245
down €17,245 (-42.3%), from €40,808 to €23,563
of which Taxes: -€18,689
- Purchases and services -€70,082
down €70,082 (-12.2%), from €572,552 to €502,470
- Turnover -€53,362
down €53,362 (-5.8%), from €912,699 to €859,337
- Gross operating margin +€31,095
up €31,095 (+8.7%), from €356,396 to €387,491
- Staff costs +€21,350
up €21,350 (+7.5%), from €285,343 to €306,692
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 | €597,334 | €656,284 | +€58,950 | +9.9% |
| Fixed assets | 21/28 | €524,693 | €594,317 | +€69,623 | +13.3% |
| Intangible fixed assets | 21 | €77,292 | €59,792 | -€17,500 | -22.6% |
| Tangible fixed assets | 22/27 | €447,402 | €534,525 | +€87,123 | +19.5% |
| Land and buildings | 22 | €351,414 | €329,102 | -€22,312 | -6.3% |
| Plant, machinery and equipment | 23 | €13,306 | €10,477 | -€2,829 | -21.3% |
| Furniture and vehicles | 24 | €10,823 | €22,671 | +€11,848 | +109.5% |
| Other tangible fixed assets | 26 | €71,859 | €172,275 | +€100,416 | +139.7% |
| Current assets | 29/58 | €72,640 | €61,967 | -€10,673 | -14.7% |
| Stocks and contracts in progress | 3 | €8,000 | €8,500 | +€500 | +6.3% |
| Stocks | 30/36 | €8,000 | €8,500 | +€500 | +6.3% |
| Amounts receivable within one year | 40/41 | €18,403 | €11,891 | -€6,512 | -35.4% |
| Trade receivables | 40 | €11,602 | €9,892 | -€1,710 | -14.7% |
| Other amounts receivable | 41 | €6,800 | €1,998 | -€4,802 | -70.6% |
| Cash at bank and in hand | 54/58 | €43,512 | €38,851 | -€4,661 | -10.7% |
| Deferred charges and accrued income | 490/1 | €2,726 | €2,726 | = | 0.0% |
| Total equity and liabilities | 10/49 | €597,334 | €656,284 | +€58,950 | +9.9% |
| Equity | 10/15 | €74,781 | €81,296 | +€6,515 | +8.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,075 | €48,075 | = | 0.0% |
| Distributable reserves | 133 | €48,075 | €48,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,706 | €32,221 | +€6,515 | +25.3% |
| Amounts payable | 17/49 | €522,553 | €574,988 | +€52,435 | +10.0% |
| Amounts payable after more than one year | 17 | €375,501 | €337,888 | -€37,614 | -10.0% |
| Financial debts | 170/4 | €375,501 | €337,888 | -€37,614 | -10.0% |
| Amounts payable within one year | 42/48 | €147,051 | €237,100 | +€90,049 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €51,881 | €50,215 | -€1,666 | -3.2% |
| Trade debts | 44 | €23,923 | €137,833 | +€113,910 | +476.1% |
| Suppliers | 440/4 | €23,923 | €137,833 | +€113,910 | +476.1% |
| Taxes, remuneration and social security | 45 | €40,808 | €23,563 | -€17,245 | -42.3% |
| Taxes | 450/3 | €20,539 | €1,851 | -€18,689 | -91.0% |
| Remuneration and social security | 454/9 | €20,269 | €21,712 | +€1,443 | +7.1% |
| Other amounts payable | 47/48 | €30,439 | €25,489 | -€4,950 | -16.3% |
| Turnover | 70 | €912,699 | €859,337 | -€53,362 | -5.8% |
| Non-recurring operating income | 76A | €9,824 | €8,112 | -€1,713 | -17.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €572,552 | €502,470 | -€70,082 | -12.2% |
| Remuneration, social security and pensions | 62 | €285,343 | €306,692 | +€21,350 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,901 | €57,598 | +€1,697 | +3.0% |
| Other operating charges | 640/8 | €3,410 | €3,493 | +€83 | +2.4% |
| Non-recurring operating charges | 66A | - | €3,217 | +€3,217 | |
| Gross operating margin | 9900 | €356,396 | €387,491 | +€31,095 | +8.7% |
| Operating profit (loss) | 9901 | €11,742 | €16,491 | +€4,748 | +40.4% |
| Financial income | 75/76B | €93 | €269 | +€176 | +190.5% |
| Recurring financial income | 75 | €93 | €269 | +€176 | +190.5% |
| Financial charges | 65/66B | €7,080 | €8,577 | +€1,497 | +21.1% |
| Recurring financial charges | 65 | €7,080 | €8,577 | +€1,497 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €4,755 | €8,182 | +€3,428 | +72.1% |
| Income taxes | 67/77 | €2,074 | €1,667 | -€407 | -19.6% |
| Profit (loss) for the period | 9904 | €2,681 | €6,515 | +€3,834 | +143.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,681 | €6,515 | +€3,834 | +143.0% |
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.