SILVER & STONE: 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.
SILVER & STONE
Largest movements
- Deferred charges and accrued income -€6,054
no longer reported in 2025 (was €6,054)
- Cash +€4,907
up €4,907 (+12.4%), from €39,725 to €44,632
mainly Net result for the year (+€7,326) and Deferred charges and accrued income (+€6,054)
- Stocks and contracts +€4,415
up €4,415 (+17.1%), from €25,764 to €30,179
- Receivables within one year +€2,577
up €2,577 (+104%), from €2,468 to €5,045
of which Trade receivables: +€2,989
- Tangible fixed assets -€1,926
down €1,926 (-47.5%), from €4,053 to €2,127
of which Plant, machinery and equipment: -€1,200
- Reserves +€7,320
up €7,320 (+36.7%), from €19,920 to €27,240
of which Distributable reserves: +€9,180
- Trade debts -€1,513
down €1,513 (-56.9%), from €2,659 to €1,146
- Other debts -€858
down €858 (-8.4%), from €10,211 to €9,353
- Gross operating margin +€3,151
up €3,151 (+15.7%), from €20,079 to €23,230
- Staff costs +€2,655
up €2,655 (+128%), from €2,075 to €4,730
- Taxes -€740
down €740 (-15.6%), from €4,757 to €4,017
- Depreciation +€300
up €300 (+18.4%), from €1,627 to €1,926
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 | €78,064 | €81,982 | +€3,918 | +5.0% |
| Fixed assets | 21/28 | €4,053 | €2,127 | -€1,926 | -47.5% |
| Tangible fixed assets | 22/27 | €4,053 | €2,127 | -€1,926 | -47.5% |
| Plant, machinery and equipment | 23 | €2,491 | €1,292 | -€1,200 | -48.2% |
| Furniture and vehicles | 24 | €1,562 | €835 | -€727 | -46.5% |
| Current assets | 29/58 | €74,011 | €79,856 | +€5,844 | +7.9% |
| Stocks and contracts in progress | 3 | €25,764 | €30,179 | +€4,415 | +17.1% |
| Stocks | 30/36 | €25,764 | €30,179 | +€4,415 | +17.1% |
| Amounts receivable within one year | 40/41 | €2,468 | €5,045 | +€2,577 | +104% |
| Trade receivables | 40 | €2,056 | €5,045 | +€2,989 | +145% |
| Other amounts receivable | 41 | €412 | - | -€412 | |
| Cash at bank and in hand | 54/58 | €39,725 | €44,632 | +€4,907 | +12.4% |
| Deferred charges and accrued income | 490/1 | €6,054 | - | -€6,054 | |
| Total equity and liabilities | 10/49 | €78,064 | €81,982 | +€3,918 | +5.0% |
| Equity | 10/15 | €46,297 | €53,623 | +€7,326 | +15.8% |
| Contributions | 10/11 | €11,213 | €11,213 | = | 0.0% |
| Reserves | 13 | €19,920 | €27,240 | +€7,320 | +36.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €18,060 | €27,240 | +€9,180 | +50.8% |
| Profit (loss) carried forward | 14 | €15,164 | €15,170 | +€6 | 0.0% |
| Amounts payable | 17/49 | €31,767 | €28,359 | -€3,408 | -10.7% |
| Amounts payable within one year | 42/48 | €31,767 | €28,359 | -€3,408 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €474 | - | -€474 | |
| Trade debts | 44 | €2,659 | €1,146 | -€1,513 | -56.9% |
| Suppliers | 440/4 | €2,659 | €1,146 | -€1,513 | -56.9% |
| Taxes, remuneration and social security | 45 | €18,424 | €17,860 | -€563 | -3.1% |
| Taxes | 450/3 | €18,380 | €17,860 | -€520 | -2.8% |
| Remuneration and social security | 454/9 | €44 | - | -€44 | |
| Other amounts payable | 47/48 | €10,211 | €9,353 | -€858 | -8.4% |
| Remuneration, social security and pensions | 62 | €2,075 | €4,730 | +€2,655 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,627 | €1,926 | +€300 | +18.4% |
| Other operating charges | 640/8 | €2,228 | €2,278 | +€50 | +2.2% |
| Gross operating margin | 9900 | €20,079 | €23,230 | +€3,151 | +15.7% |
| Operating profit (loss) | 9901 | €14,150 | €14,296 | +€146 | +1.0% |
| Financial income | 75/76B | €146 | €6 | -€140 | -96.0% |
| Recurring financial income | 75 | €146 | €6 | -€140 | -96.0% |
| Financial charges | 65/66B | €3,068 | €2,959 | -€109 | -3.6% |
| Recurring financial charges | 65 | €3,068 | €2,959 | -€109 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €11,227 | €11,343 | +€115 | +1.0% |
| Income taxes | 67/77 | €4,757 | €4,017 | -€740 | -15.6% |
| Profit (loss) for the period | 9904 | €6,471 | €7,326 | +€855 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,471 | €7,326 | +€855 | +13.2% |
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 20 October 2026 via checked.be.