Zilvermunt: 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.
What changed
Zilvermunt
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€121,034
2024 · -€141,313+€20,279
Equity
-€1.3m
2024 · -€1.1m-€121,034
Cash
€37,214
2024 · €84,253-€47,039
Balance sheet total
€6.7m
2024 · €6.9m-€227,085
Largest movements
Assets
- Tangible fixed assets -€254,599
down €254,599 (-3.7%), from €6.8m to €6.6m
of which Land and buildings: -€237,495
Equity and liabilities
- Debts after one year -€203,427
down €203,427 (-2.7%), from €7.5m to €7.3m
- Profit (loss) carried forward -€121,034
down €121,034 (-10.4%), from -€1.2m to -€1.3m
- Accrued charges and deferred income +€89,915
up €89,915 (+64.7%), from €138,908 to €228,823
Income statement
- Gross operating margin +€24,985
up €24,985 (+9.2%), from €270,176 to €295,162
- Depreciation +€9,938
up €9,938 (+3.7%), from €266,297 to €276,234
- Financial charges -€9,392
down €9,392 (-6.4%), from €145,816 to €136,424
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
-€141,313
Gross operating margin
+€24,985
Depreciation
-€9,938
Other operating charges
-€2,322
Financial income
-€1,839
Financial charges
+€9,392
Result 2025
-€121,034
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.
From operations
+€154,104
Investment
-€21,635
Financing
-€179,507
Cash 2024
€84,253
From operations (derived)
+€154,104
Net result for the year
-€121,034
Depreciation
+€276,234
Receivables after one year
-€60,000
Receivables within one year
-€14,530
Deferred charges and accrued income
-€23
Trade debts
-€18,575
Tax, wage and social debts
+€2,116
Accrued charges and deferred income
+€89,915
Investment (derived)
-€21,635
Investment in fixed assets (net)
-€21,635
Financing
-€179,507
Debts after one year
-€203,427
Current portion of long-term debt
+€23,919
Cash 2025
€37,214
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,904,965 | €6,677,879 | -€227,085 | -3.3% |
| Fixed assets | 21/28 | €6,817,515 | €6,562,916 | -€254,599 | -3.7% |
| Tangible fixed assets | 22/27 | €6,817,515 | €6,562,916 | -€254,599 | -3.7% |
| Land and buildings | 22 | €6,677,235 | €6,439,739 | -€237,495 | -3.6% |
| Furniture and vehicles | 24 | €140,280 | €123,176 | -€17,104 | -12.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €87,450 | €114,964 | +€27,514 | +31.5% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €0 | €14,530 | +€14,530 | |
| Trade receivables | 40 | €0 | €14,530 | +€14,530 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €84,253 | €37,214 | -€47,039 | -55.8% |
| Deferred charges and accrued income | 490/1 | €3,197 | €3,220 | +€23 | +0.7% |
| Total equity and liabilities | 10/49 | €6,904,965 | €6,677,879 | -€227,085 | -3.3% |
| Equity | 10/15 | -€1,139,365 | -€1,260,399 | -€121,034 | -10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,159,365 | -€1,280,399 | -€121,034 | -10.4% |
| Amounts payable | 17/49 | €8,044,330 | €7,938,279 | -€106,051 | -1.3% |
| Amounts payable after more than one year | 17 | €7,510,907 | €7,307,481 | -€203,427 | -2.7% |
| Financial debts | 170/4 | €7,510,907 | €7,307,481 | -€203,427 | -2.7% |
| Amounts payable within one year | 42/48 | €394,514 | €401,975 | +€7,460 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €319,507 | €343,427 | +€23,919 | +7.5% |
| Trade debts | 44 | €59,471 | €40,896 | -€18,575 | -31.2% |
| Suppliers | 440/4 | €59,471 | €40,896 | -€18,575 | -31.2% |
| Taxes, remuneration and social security | 45 | €15,536 | €17,652 | +€2,116 | +13.6% |
| Taxes | 450/3 | €15,536 | €17,652 | +€2,116 | +13.6% |
| Accrued charges and deferred income | 492/3 | €138,908 | €228,823 | +€89,915 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,297 | €276,234 | +€9,938 | +3.7% |
| Other operating charges | 640/8 | €1,215 | €3,537 | +€2,322 | +191.2% |
| Gross operating margin | 9900 | €270,176 | €295,162 | +€24,985 | +9.2% |
| Operating profit (loss) | 9901 | €2,665 | €15,390 | +€12,726 | +477.6% |
| Financial income | 75/76B | €1,839 | €0 | -€1,839 | -100.0% |
| Recurring financial income | 75 | €1,839 | €0 | -€1,839 | -100.0% |
| Financial charges | 65/66B | €145,816 | €136,424 | -€9,392 | -6.4% |
| Recurring financial charges | 65 | €145,816 | €136,424 | -€9,392 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€141,313 | -€121,034 | +€20,279 | +14.4% |
| Profit (loss) for the period | 9904 | -€141,313 | -€121,034 | +€20,279 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,313 | -€121,034 | +€20,279 | +14.4% |
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 28 September 2026 via checked.be.