Zilverberk: 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.
Zilverberk
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€97,100
up €97,100 (+57.0%), from €170,390 to €267,490
of which Trade receivables: +€90,505
- Cash +€69,197
up €69,197 (+267.9%), from €25,826 to €95,023
mainly Current investments (+€100,000) and Trade debts (+€83,544)
- Tangible fixed assets +€13,322
up €13,322 (+1.9%), from €700,862 to €714,183
of which Plant, machinery and equipment: +€25,875
- Trade debts +€83,544
up €83,544 (+189.4%), from €44,119 to €127,663
- Debts after one year -€22,755
down €22,755 (-3.5%), from €646,252 to €623,497
- Profit (loss) carried forward +€11,450
up €11,450 (+5.9%), from €194,913 to €206,363
- Staff costs +€18,550
up €18,550 (+18.5%), from €100,510 to €119,061
- Financial charges -€7,226
down €7,226 (-36.9%), from €19,572 to €12,346
- Depreciation +€6,577
up €6,577 (+23.9%), from €27,570 to €34,147
- Write-downs +€2,614
no longer reported in 2025 (was -€2,614)
- Gross operating margin -€2,548
down €2,548 (-1.4%), from €187,986 to €185,439
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 | €998,057 | €1,077,183 | +€79,126 | +7.9% |
| Fixed assets | 21/28 | €700,862 | €714,183 | +€13,322 | +1.9% |
| Tangible fixed assets | 22/27 | €700,862 | €714,183 | +€13,322 | +1.9% |
| Land and buildings | 22 | €625,417 | €604,583 | -€20,833 | -3.3% |
| Plant, machinery and equipment | 23 | €73,001 | €98,876 | +€25,875 | +35.4% |
| Furniture and vehicles | 24 | €2,444 | €10,724 | +€8,280 | +338.8% |
| Current assets | 29/58 | €297,196 | €363,000 | +€65,805 | +22.1% |
| Amounts receivable within one year | 40/41 | €170,390 | €267,490 | +€97,100 | +57.0% |
| Trade receivables | 40 | €168,045 | €258,550 | +€90,505 | +53.9% |
| Other amounts receivable | 41 | €2,345 | €8,939 | +€6,595 | +281.2% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €25,826 | €95,023 | +€69,197 | +267.9% |
| Deferred charges and accrued income | 490/1 | €980 | €488 | -€492 | -50.2% |
| Total equity and liabilities | 10/49 | €998,057 | €1,077,183 | +€79,126 | +7.9% |
| Equity | 10/15 | €219,913 | €231,363 | +€11,450 | +5.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,913 | €206,363 | +€11,450 | +5.9% |
| Amounts payable | 17/49 | €778,145 | €845,820 | +€67,676 | +8.7% |
| Amounts payable after more than one year | 17 | €646,252 | €623,497 | -€22,755 | -3.5% |
| Financial debts | 170/4 | €646,252 | €623,497 | -€22,755 | -3.5% |
| Amounts payable within one year | 42/48 | €113,602 | €202,033 | +€88,431 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | €22,411 | €22,755 | +€344 | +1.5% |
| Trade debts | 44 | €44,119 | €127,663 | +€83,544 | +189.4% |
| Suppliers | 440/4 | €44,119 | €127,663 | +€83,544 | +189.4% |
| Taxes, remuneration and social security | 45 | €47,073 | €51,615 | +€4,543 | +9.6% |
| Taxes | 450/3 | €27,831 | €39,289 | +€11,458 | +41.2% |
| Remuneration and social security | 454/9 | €19,242 | €12,326 | -€6,916 | -35.9% |
| Accrued charges and deferred income | 492/3 | €18,290 | €20,290 | +€2,000 | +10.9% |
| Remuneration, social security and pensions | 62 | €100,510 | €119,061 | +€18,550 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,570 | €34,147 | +€6,577 | +23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,614 | - | +€2,614 | |
| Other operating charges | 640/8 | €4,796 | €3,091 | -€1,705 | -35.5% |
| Gross operating margin | 9900 | €187,986 | €185,439 | -€2,548 | -1.4% |
| Operating profit (loss) | 9901 | €57,724 | €29,140 | -€28,584 | -49.5% |
| Financial income | 75/76B | €163 | €1,001 | +€838 | +514.9% |
| Recurring financial income | 75 | €163 | €1,001 | +€838 | +514.9% |
| Financial charges | 65/66B | €19,572 | €12,346 | -€7,226 | -36.9% |
| Recurring financial charges | 65 | €19,572 | €12,346 | -€7,226 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €38,315 | €17,795 | -€20,520 | -53.6% |
| Income taxes | 67/77 | €8,299 | €6,345 | -€1,954 | -23.5% |
| Profit (loss) for the period | 9904 | €30,016 | €11,450 | -€18,565 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,016 | €11,450 | -€18,565 | -61.9% |
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 12 October 2026 via checked.be.