Zilvervos: 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.
Zilvervos
Largest movements
- Tangible fixed assets +€71,764
new in 2025: €71,764
of which Furniture and vehicles: +€68,850
- Receivables within one year +€25,757
up €25,757 (+883.8%), from €2,914 to €28,672
of which Trade receivables: +€25,298
- Cash +€14,380
up €14,380 (+84.4%), from €17,028 to €31,408
mainly Debts after one year (+€46,984) and Net result for the year (+€40,579)
- Debts after one year +€46,984
new in 2025: €46,984
- Other debts +€26,046
new in 2025: €26,046
- Reserves +€18,327
up €18,327 (+109.4%), from €16,753 to €35,080
- Current portion of long-term debt +€13,675
new in 2025: €13,675
- Tax, wage and social debts +€7,447
up €7,447 (+1182.0%), from €630 to €8,077
- Financial charges +€68,009
up €68,009 (+130036.0%), from €52 to €68,061
- Financial income +€65,631
new in 2025: €65,631
- Gross operating margin +€58,922
up €58,922 (+1238.5%), from €4,757 to €63,679
- Depreciation +€15,606
new in 2025: €15,606
- Taxes +€3,841
up €3,841 (+330.9%), from €1,161 to €5,001
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 | €19,942 | €132,639 | +€112,696 | +565.1% |
| Fixed assets | 21/28 | - | €71,764 | +€71,764 | |
| Tangible fixed assets | 22/27 | - | €71,764 | +€71,764 | |
| Plant, machinery and equipment | 23 | - | €2,914 | +€2,914 | |
| Furniture and vehicles | 24 | - | €68,850 | +€68,850 | |
| Current assets | 29/58 | €19,942 | €60,875 | +€40,932 | +205.3% |
| Amounts receivable within one year | 40/41 | €2,914 | €28,672 | +€25,757 | +883.8% |
| Trade receivables | 40 | €1,375 | €26,673 | +€25,298 | +1839.8% |
| Other amounts receivable | 41 | €1,539 | €1,999 | +€459 | +29.8% |
| Cash at bank and in hand | 54/58 | €17,028 | €31,408 | +€14,380 | +84.4% |
| Deferred charges and accrued income | 490/1 | - | €795 | +€795 | |
| Total equity and liabilities | 10/49 | €19,942 | €132,639 | +€112,696 | +565.1% |
| Equity | 10/15 | €19,253 | €37,580 | +€18,327 | +95.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €16,753 | €35,080 | +€18,327 | +109.4% |
| Distributable reserves | 133 | €16,753 | €35,080 | +€18,327 | +109.4% |
| Amounts payable | 17/49 | €689 | €95,059 | +€94,369 | +13687.4% |
| Amounts payable after more than one year | 17 | - | €46,984 | +€46,984 | |
| Financial debts | 170/4 | - | €46,984 | +€46,984 | |
| Amounts payable within one year | 42/48 | €689 | €48,075 | +€47,385 | +6872.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,675 | +€13,675 | |
| Trade debts | 44 | €59 | €277 | +€218 | +365.7% |
| Suppliers | 440/4 | €59 | €277 | +€218 | +365.7% |
| Taxes, remuneration and social security | 45 | €630 | €8,077 | +€7,447 | +1182.0% |
| Taxes | 450/3 | €630 | €8,077 | +€7,447 | +1182.0% |
| Other amounts payable | 47/48 | - | €26,046 | +€26,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,606 | +€15,606 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €4,757 | €63,679 | +€58,922 | +1238.5% |
| Operating profit (loss) | 9901 | €4,695 | €48,011 | +€43,316 | +922.5% |
| Financial income | 75/76B | - | €65,631 | +€65,631 | |
| Recurring financial income | 75 | - | €65,631 | +€65,631 | |
| Financial charges | 65/66B | €52 | €68,061 | +€68,009 | +130036.0% |
| Recurring financial charges | 65 | €52 | €68,061 | +€68,009 | +130036.0% |
| Profit (loss) for the period before taxes | 9903 | €4,643 | €45,581 | +€40,938 | +881.7% |
| Income taxes | 67/77 | €1,161 | €5,001 | +€3,841 | +330.9% |
| Profit (loss) for the period | 9904 | €3,482 | €40,579 | +€37,097 | +1065.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,482 | €40,579 | +€37,097 | +1065.3% |
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 5 October 2026 via checked.be.