Zilverzorg: 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.
Zilverzorg
Largest movements
- Stocks and contracts -€2.7m
down €2.7m (-58.3%), from €4.6m to €1.9m
of which Stocks: -€2.5m
- Receivables within one year -€542,791
down €542,791 (-54.9%), from €989,586 to €446,795
of which Other amounts receivable: -€541,930
- Debts after one year -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Profit (loss) carried forward -€1.1m
down €1.1m (-401%), from -€279,213 to -€1.4m
- Other debts -€324,822
down €324,822 (-8.9%), from €3.7m to €3.3m
- Gross operating margin -€531,154
down €531,154 (-949%), from -€55,984 to -€587,138
- Financial charges +€255,631
up €255,631 (+289%), from €88,329 to €343,960
of which Financial charges: +€255,631
- Write-downs +€190,659
up €190,659, from €0 to €190,659
- Other operating charges -€6,465
down €6,465 (-98.2%), from €6,585 to €120
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.
Derived cash bridge
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 | €5,749,544 | €2,517,626 | -€3.2m | -56.2% |
| Fixed assets | 21/28 | €145,139 | €144,324 | -€815 | -0.6% |
| Tangible fixed assets | 22/27 | €145,139 | €144,324 | -€815 | -0.6% |
| Other tangible fixed assets | 26 | €145,139 | €144,324 | -€815 | -0.6% |
| Current assets | 29/58 | €5,604,404 | €2,373,302 | -€3.2m | -57.7% |
| Stocks and contracts in progress | 3 | €4,605,966 | €1,922,428 | -€2.7m | -58.3% |
| Stocks | 30/36 | €2,971,367 | €478,487 | -€2.5m | -83.9% |
| Contracts in progress | 37 | €1,634,600 | €1,443,941 | -€190,659 | -11.7% |
| Amounts receivable within one year | 40/41 | €989,586 | €446,795 | -€542,791 | -54.9% |
| Trade receivables | 40 | €240,860 | €240,000 | -€860 | -0.4% |
| Other amounts receivable | 41 | €748,726 | €206,795 | -€541,930 | -72.4% |
| Cash at bank and in hand | 54/58 | €0 | €2,133 | +€2,133 | |
| Deferred charges and accrued income | 490/1 | €8,852 | €1,946 | -€6,906 | -78.0% |
| Total equity and liabilities | 10/49 | €5,749,544 | €2,517,626 | -€3.2m | -56.2% |
| Equity | 10/15 | -€1,515 | -€1,121,241 | -€1.1m | -73,928% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €27,699 | €27,699 | = | 0.0% |
| Tax-exempt reserves | 132 | €839 | €839 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€279,213 | -€1,398,940 | -€1.1m | -401% |
| Amounts payable | 17/49 | €5,751,058 | €3,638,867 | -€2.1m | -36.7% |
| Amounts payable after more than one year | 17 | €1,694,000 | €0 | -€1.7m | -100% |
| Financial debts | 170/4 | €1,694,000 | €0 | -€1.7m | -100% |
| Amounts payable within one year | 42/48 | €4,035,837 | €3,638,751 | -€397,086 | -9.8% |
| Financial debts | 43 | €45,589 | €0 | -€45,589 | -100% |
| Credit institutions | 430/8 | €45,589 | €0 | -€45,589 | -100% |
| Trade debts | 44 | €326,582 | €295,975 | -€30,607 | -9.4% |
| Suppliers | 440/4 | €326,582 | €295,975 | -€30,607 | -9.4% |
| Taxes, remuneration and social security | 45 | €915 | €4,847 | +€3,932 | +430% |
| Taxes | 450/3 | €915 | €4,847 | +€3,932 | +430% |
| Other amounts payable | 47/48 | €3,662,752 | €3,337,930 | -€324,822 | -8.9% |
| Accrued charges and deferred income | 492/3 | €21,221 | €116 | -€21,106 | -99.5% |
| Remuneration, social security and pensions | 62 | €170 | €0 | -€170 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €815 | €815 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €190,659 | +€190,659 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,585 | €120 | -€6,465 | -98.2% |
| Gross operating margin | 9900 | -€55,984 | -€587,138 | -€531,154 | -949% |
| Operating profit (loss) | 9901 | -€63,553 | -€778,732 | -€715,179 | -1,125% |
| Financial income | 75/76B | €6,195 | €2,965 | -€3,229 | -52.1% |
| Recurring financial income | 75 | €6,195 | €2,965 | -€3,229 | -52.1% |
| Financial charges | 65/66B | €88,329 | €343,960 | +€255,631 | +289% |
| Recurring financial charges | 65 | €88,329 | €343,960 | +€255,631 | +289% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€145,688 | -€1,119,726 | -€974,039 | -669% |
| Profit (loss) for the period | 9904 | -€145,688 | -€1,119,726 | -€974,039 | -669% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,688 | -€1,119,726 | -€974,039 | -669% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.