SOLID DESIGN AND ENGINEERING
Annual accounts 2025
micro format, filed on 19-12-2025, 43 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €270,000.
Balance sheet
balance sheet total €265,159 on 30-06-2025in euro
in euro
Position in the sector
95.0%
Higher than 94% of 465 companies in 2025.
19.89
Higher than 94% of 455 companies in 2025.
9.7%
Higher than 64% of 459 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
265,159 | 269,909 | 251,303 | 229,705 | 200,049 | 206,525 | 211,237 | 207,508 | 234,495 | 186,365 | 203,117 | 200,456 | 212,303 | 222,402 | 250,630 | 211,387 | 247,809 | 261,749 | 242,958 | |
21/28 |
27,953 | 42,425 | 57,912 | 27,669 | 34,722 | 47,994 | 59,749 | 56,762 | 85,836 | 67,019 | 88,192 | 84,204 | 96,332 | 117,669 | 132,226 | 107,854 | 130,376 | 125,926 | 134,766 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 205 | |
22/27 |
27,953 | 42,425 | 57,912 | 27,669 | 34,722 | 47,994 | 59,749 | 56,762 | 85,836 | 67,019 | 88,192 | 84,204 | 96,332 | 117,669 | 127,576 | 103,204 | 125,726 | 121,276 | 134,562 | |
22 |
- | - | - | - | - | - | - | 8,449 | 16,897 | 25,346 | 33,795 | 42,244 | 50,692 | 59,141 | 67,590 | 76,038 | 84,487 | 92,936 | 101,384 | |
23 |
2,739 | 2,838 | 3,216 | 4,053 | - | - | 69 | 287 | 555 | 495 | 91 | 205 | 342 | 86 | 193 | 731 | 885 | 1,035 | 816 | |
24 |
25,214 | 39,588 | 54,697 | 23,616 | 34,722 | 47,994 | 48,795 | 33,212 | 49,595 | 17,926 | 29,088 | 29,162 | 30,065 | 40,571 | 51,400 | 16,614 | 29,106 | 14,630 | 18,259 | |
26 |
- | - | - | - | - | - | 10,886 | 14,815 | 18,789 | 23,252 | 25,217 | 12,593 | 15,232 | 17,871 | 8,393 | 9,820 | 11,248 | 12,675 | 14,103 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,650 | 4,650 | 4,650 | 4,650 | - | |
29/58 |
237,205 | 227,483 | 193,391 | 202,036 | 165,326 | 158,531 | 151,487 | 150,747 | 148,659 | 119,346 | 114,926 | 116,252 | 115,972 | 104,733 | 118,405 | 103,532 | 117,433 | 135,823 | 108,192 | |
29 |
18,021 | 21,661 | 25,248 | 28,785 | 35,991 | 55,562 | 16,527 | 11,786 | 17,979 | 24,010 | - | - | - | - | - | - | - | - | - | |
291 |
18,021 | 21,661 | 25,248 | 28,785 | 35,991 | 55,562 | 16,527 | 11,786 | 17,979 | 24,010 | - | - | - | - | - | - | - | - | - | |
40/41 |
23,232 | 23,352 | 24,911 | 19,360 | 19,565 | 9,680 | 19,360 | 19,360 | 20,393 | 10,552 | 18,150 | 18,274 | 19,619 | 15,951 | 45,337 | 54,055 | 30,822 | 55,572 | 12,834 | |
40 |
23,232 | 23,232 | 23,232 | 19,360 | 19,360 | 9,680 | 19,360 | 19,360 | 18,150 | 9,075 | 18,150 | 18,150 | 19,486 | 7,321 | 29,282 | 45,055 | 28,822 | 54,722 | 10,600 | |
41 |
- | 120 | 1,679 | - | 205 | - | - | - | 2,243 | 1,477 | - | 124 | 132 | 8,631 | 16,055 | 9,000 | 2,000 | 850 | 2,234 | |
50/53 |
- | 150,000 | 100,000 | - | - | 66,938 | 108,975 | 103,399 | 83,037 | 73,398 | 77,143 | 61,906 | 61,561 | 41,110 | 61,416 | 40,874 | 63,891 | 74,633 | 81,271 | |
54/58 |
195,093 | 31,109 | 41,882 | 152,012 | 107,915 | 24,575 | 4,986 | 15,660 | 26,908 | 9,702 | 17,956 | 34,409 | 33,518 | 45,432 | 9,610 | 7,928 | 22,099 | 5,118 | 14,006 | |
490/1 |
859 | 1,362 | 1,350 | 1,880 | 1,856 | 1,775 | 1,640 | 541 | 343 | 1,684 | 1,677 | 1,663 | 1,274 | 2,240 | 2,042 | 675 | 621 | 501 | 82 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
265,159 | 269,909 | 251,303 | 229,705 | 200,049 | 206,525 | 211,237 | 207,508 | 234,495 | 186,365 | 203,117 | 200,456 | 212,303 | 222,402 | 250,630 | 211,387 | 247,809 | 261,749 | 242,958 | |
10/15 |
251,983 | 256,455 | 231,765 | 194,578 | 166,206 | 165,185 | 150,898 | 138,855 | 126,350 | 124,013 | 121,679 | 106,856 | 103,862 | 98,482 | 118,207 | 118,041 | 136,401 | 126,814 | 138,610 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | 12,392 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
245,783 | 250,255 | 225,565 | 188,378 | 160,006 | 158,985 | 144,698 | 132,655 | 120,150 | 117,813 | 115,479 | 100,656 | 97,662 | 92,282 | 112,007 | 111,841 | 130,201 | 120,614 | 132,410 | |
130/1 |
- | - | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
133 |
245,783 | 250,255 | 223,706 | 186,519 | 148,147 | 147,126 | 132,839 | 120,796 | 108,291 | 105,954 | 103,619 | 88,797 | 85,803 | 80,423 | 100,148 | 99,982 | 118,341 | 108,755 | 120,551 | |
17/49 |
13,176 | 13,453 | 19,539 | 35,127 | 33,843 | 41,340 | 60,338 | 68,653 | 108,145 | 62,352 | 81,439 | 93,600 | 108,441 | 123,920 | 132,423 | 93,346 | 111,408 | 134,935 | 104,348 | |
17 |
- | - | 4,443 | 11,036 | 17,543 | 23,915 | 34,702 | 36,560 | 47,775 | 48,817 | 54,839 | 67,707 | 82,512 | 96,777 | 110,521 | 80,206 | 95,713 | 88,047 | 92,397 | |
170/4 |
- | - | 4,443 | 11,036 | 17,543 | 23,915 | 34,702 | 36,560 | 47,775 | 48,817 | 54,839 | 67,707 | 82,512 | 96,777 | 110,521 | 80,206 | 95,713 | 88,047 | 92,397 | |
42/48 |
11,926 | 12,353 | 13,995 | 23,141 | 15,150 | 16,324 | 24,536 | 30,993 | 59,421 | 11,735 | 25,300 | 24,943 | 24,929 | 26,194 | 20,951 | 12,140 | 14,715 | 45,938 | 11,051 | |
42 |
- | 4,443 | 6,593 | 6,507 | 6,422 | 10,787 | 13,752 | 11,610 | 11,134 | 6,028 | 12,622 | 14,805 | 14,265 | 13,745 | 13,243 | 4,339 | 10,942 | 4,678 | 7,087 | |
44 |
1,911 | 538 | 1,077 | 555 | 198 | 589 | 848 | 2,017 | 44,102 | 876 | 2,960 | 2,786 | 350 | 1,740 | 1,184 | 1,301 | 211 | 3,224 | 1,650 | |
440/4 |
1,911 | 538 | 1,077 | 555 | 198 | 589 | 848 | 2,017 | 44,102 | 876 | 2,960 | 2,786 | 350 | 1,740 | 1,184 | 1,301 | 211 | 3,224 | 1,650 | |
45 |
9,317 | 6,258 | 5,966 | 15,103 | 7,100 | 3,448 | 2,771 | 12,728 | 4,185 | 4,611 | 8,529 | 5,153 | 5,254 | 4,150 | 5,991 | 5,575 | 1,981 | 9,868 | 1,058 | |
450/3 |
7,774 | 3,418 | 1,728 | 7,023 | 2,247 | 3,448 | 1,113 | 6,676 | 4,185 | 2,629 | 6,558 | 3,190 | 3,296 | 2,194 | 1,050 | 3,637 | 1,981 | 9,265 | 1,058 | |
454/9 |
1,543 | 2,840 | 4,237 | 8,081 | 4,853 | - | 1,658 | 6,052 | - | 1,982 | 1,971 | 1,963 | 1,959 | 1,956 | 4,941 | 1,937 | - | 603 | - | |
47/48 |
698 | 1,114 | 361 | 976 | 1,430 | 1,500 | 7,166 | 4,638 | - | 220 | 1,189 | 2,199 | 5,060 | 6,559 | 534 | 925 | 1,580 | 28,168 | 1,257 | |
492/3 |
1,250 | 1,100 | 1,100 | 950 | 1,150 | 1,100 | 1,100 | 1,100 | 950 | 1,800 | 1,300 | 950 | 1,000 | 950 | 950 | 1,000 | 980 | 950 | 900 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | 22,724 | - | - | - | - | 275 | - | - | 3,649 | - | - | - | - | 3,568 | 6,814 | - | 5,769 | |
9900 |
52,590 | 55,541 | 68,424 | 53,373 | 39,772 | 35,706 | 52,443 | 30,516 | 38,320 | 33,915 | 52,475 | 39,031 | 32,323 | 11,838 | 19,736 | 31,371 | 32,078 | 47,787 | 38,708 | |
630 |
15,205 | 16,029 | 10,669 | 13,324 | 13,271 | 12,520 | 25,273 | 23,490 | 32,448 | 27,109 | 33,183 | 28,701 | 21,908 | 22,024 | 16,478 | 13,796 | 21,397 | 15,856 | 20,303 | |
640/8 |
2,254 | 2,250 | 4,617 | 1,954 | 1,977 | 1,469 | 4,031 | 3,294 | 751 | 1,464 | 1,567 | 2,319 | 1,684 | 1,384 | 1,244 | 2,028 | 701 | 1,343 | 1,243 | |
66A |
- | - | - | - | - | 459 | - | - | - | - | - | 1,863 | - | 4,649 | - | - | - | 484 | - | |
9901 |
35,131 | 37,262 | 53,138 | 38,096 | 24,523 | 21,257 | 23,139 | 3,732 | 5,122 | 5,342 | 17,726 | 8,011 | 8,731 | -11,570 | 2,014 | 15,547 | 9,980 | 30,588 | 17,162 | |
75/76B |
4,192 | 2,184 | 502 | 20,516 | 678 | 438 | 5,048 | 23,611 | 646 | 327 | 199 | 496 | 822 | 1,232 | 1,059 | 1,252 | 1,513 | 1,622 | 1,478 | |
75 |
4,192 | 2,184 | 502 | 475 | 678 | 438 | 351 | 544 | 646 | 327 | 199 | 496 | 822 | 1,232 | 1,059 | 1,252 | 1,513 | 1,622 | 1,478 | |
76B |
- | - | - | 20,041 | - | - | 4,697 | 23,067 | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
463 | 280 | 446 | 521 | 566 | 688 | 844 | 872 | 847 | 991 | 2,554 | 3,650 | 4,173 | 4,738 | 4,181 | 4,687 | 4,097 | 4,013 | 4,353 | |
65 |
183 | 280 | 446 | 521 | 566 | 688 | 844 | 872 | 847 | 991 | 2,554 | 3,650 | 4,173 | 4,738 | 4,181 | 4,687 | 4,097 | 4,013 | 4,353 | |
66B |
280 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
38,859 | 39,165 | 53,194 | 58,091 | 24,635 | 21,006 | 27,343 | 26,471 | 4,921 | 4,678 | 19,019 | 2,994 | 5,380 | -19,725 | -1,107 | 15,680 | 14,210 | 27,714 | 20,056 | |
67/77 |
13,144 | 12,863 | 14,409 | 17,645 | 7,789 | 6,720 | 6,725 | 9,329 | 2,584 | 2,343 | 4,197 | - | - | - | -1,274 | 4,331 | 3,828 | 7,511 | 6,067 | |
9904 |
25,715 | 26,303 | 38,784 | 40,447 | 16,846 | 14,287 | 20,618 | 17,143 | 2,337 | 2,335 | 14,823 | 2,994 | 5,380 | -19,725 | 166 | 11,349 | 10,382 | 20,204 | 13,989 | |
789 |
- | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
25,715 | 26,303 | 38,784 | 50,447 | 16,846 | 14,287 | 20,618 | 17,143 | 2,337 | 2,335 | 14,823 | 2,994 | 5,380 | -19,725 | 166 | 11,349 | 10,382 | 20,204 | 13,989 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
25,715 | 26,303 | 38,784 | 50,447 | 16,846 | 14,287 | 20,618 | 17,143 | 2,337 | 2,335 | 14,823 | 2,994 | 5,380 | -19,725 | 166 | 11,349 | 10,382 | 20,204 | 13,989 | |
791/2 |
30,188 | 1,613 | 1,598 | 12,075 | 15,825 | - | 1,575 | - | - | - | - | - | - | 19,725 | - | 29,709 | - | 11,796 | - | |
691/2 |
25,715 | 26,303 | 38,784 | 50,447 | 16,846 | 14,287 | 13,618 | 12,505 | 2,337 | 2,335 | 14,823 | 2,994 | 5,380 | - | 166 | 11,349 | 9,587 | - | 13,289 | |
6921 |
25,715 | 26,303 | 38,784 | 50,447 | 16,846 | 14,287 | 13,618 | 12,505 | 2,337 | 2,335 | 14,823 | 2,994 | 5,380 | - | 166 | 11,349 | 9,587 | - | 13,289 | |
694/7 |
30,188 | 1,613 | 1,598 | 12,075 | 15,825 | - | 8,575 | 4,638 | - | - | - | - | - | - | - | 29,709 | 795 | 32,000 | 700 | |
694 |
30,188 | 1,613 | 1,598 | 12,075 | 15,825 | - | 1,575 | 638 | - | - | - | - | - | - | - | 29,709 | 795 | 32,000 | 700 | |
695 |
- | - | - | - | - | - | 7,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 8 older financial years (1999-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 19-12-2025 | 2025-00587773 | |
| 30-06-2024 | micro format | 16-12-2024 | 2024-00617915 | |
| 30-06-2023 | micro format | 29-12-2023 | 2023-00540270 | |
| 30-06-2022 | micro format | 13-12-2022 | 2022-20540013 | |
| 30-06-2021 | micro format | 17-12-2021 | 2021-80900139 | |
| 30-06-2020 | micro format | 30-11-2020 | 2020-73200494 | |
| 30-06-2019 | micro format | 07-01-2020 | 2020-00600043 | |
| 30-06-2018 | micro format | 18-12-2018 | 2018-74800103 | |
| 30-06-2017 | micro format | 18-12-2017 | 2017-72300116 | |
| 30-06-2016 | abbreviated format | 20-12-2016 | 2016-71100444 | |
| 30-06-2015 | abbreviated format | 15-12-2015 | 2015-69200484 | |
| 30-06-2014 | abbreviated format | 30-12-2014 | 2014-71200233 | |
| 30-06-2013 | abbreviated format | 10-12-2013 | 2013-68500278 | |
| 30-06-2012 | abbreviated format | 21-12-2012 | 2012-67500569 | |
| 30-06-2011 | abbreviated format | 14-12-2011 | 2011-63700564 | |
| 30-06-2010 | abbreviated format | 09-12-2010 | 2010-62800330 | |
| 30-06-2009 | abbreviated format | 15-12-2009 | 2009-88700124 | |
| 30-06-2008 | abbreviated format | 17-12-2008 | 2008-85400115 | |
| 30-06-2007 | abbreviated format | 03-01-2008 | 2008-00300042 | |
| 30-06-2006 | abbreviated format | 21-12-2006 | 2006-92200773 | |
| 30-06-2005 | abbreviated format | 05-01-2006 | 2006-00405344 | |
| 30-06-2004 | abbreviated format | 15-12-2004 | 2004-85601710 | |
| 30-06-2003 | abbreviated format | 22-12-2003 | 2003-85001854 | |
| 30-06-2002 | abbreviated format | 24-12-2002 | 2002-78802324 | |
| 30-06-2001 | abbreviated format | 12-12-2001 | 2001-75405108 | |
| 30-06-2000 | abbreviated format | 12-12-2000 | 2000-75405247 | |
| 30-06-1999 | abbreviated format | 30-12-1999 | 1999-65703617 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50,336 | 53,291 | 63,807 | 51,420 | 37,795 | 33,777 | 48,412 | 27,223 | 37,569 | 32,451 | 50,909 | 36,712 | 30,639 | 10,454 | 18,492 | 29,343 | 31,377 | 46,444 | 37,465 | ||
| 40,921 | 42,332 | 49,453 | 53,770 | 30,117 | 26,807 | 45,891 | 40,633 | 34,784 | 29,444 | 48,006 | 31,695 | 27,288 | 2,299 | 16,644 | 25,145 | 31,779 | 36,059 | 34,292 | ||
| 1,013 | 542 | 51,688 | 6,270 | 0 | 11,651 | 53,880 | -5,584 | 51,264 | 5,936 | 59,142 | 36,618 | 570 | 12,118 | 40,849 | 3,822 | 21,347 | 7,499 | 26,364 | ||
| 163,985 | -10,773 | -110,130 | 44,097 | 83,339 | 19,589 | -10,674 | -11,248 | 17,206 | -8,254 | -16,453 | 891 | -11,914 | 35,822 | 1,682 | -14,170 | 16,981 | -8,888 | - | ||
| 225,280 | 215,130 | 179,396 | 178,895 | 150,176 | 142,207 | 126,951 | 119,754 | 89,238 | 107,611 | 89,626 | 91,309 | 91,042 | 78,539 | 97,453 | 91,393 | 102,718 | 89,885 | 97,141 | ||
| 95.0% | 95.0% | 92.2% | 84.7% | 83.1% | 80.0% | 71.4% | 66.9% | 53.9% | 66.5% | 59.9% | 53.3% | 48.9% | 44.3% | 47.2% | 55.8% | 55.0% | 48.4% | 57.1% | ||
| 19.89 | 18.41 | 13.82 | 8.73 | 10.91 | 9.71 | 6.17 | 4.86 | 2.50 | 10.17 | 4.54 | 4.66 | 4.65 | 4.00 | 5.65 | 8.53 | 7.98 | 2.96 | 9.79 | ||
| 0.05 | 0.05 | 0.08 | 0.18 | 0.20 | 0.25 | 0.40 | 0.49 | 0.86 | 0.50 | 0.67 | 0.88 | 1.04 | 1.26 | 1.12 | 0.79 | 0.82 | 1.06 | 0.75 | ||
| 10.2% | 10.3% | 16.7% | 20.8% | 10.1% | 8.6% | 13.7% | 12.3% | 1.8% | 1.9% | 12.2% | 2.8% | 5.2% | -20.0% | 0.1% | 9.6% | 7.6% | 15.9% | 10.1% | ||
| 9.7% | 9.7% | 15.4% | 17.6% | 8.4% | 6.9% | 9.8% | 8.3% | 1.0% | 1.3% | 7.3% | 1.5% | 2.5% | -8.9% | 0.1% | 5.4% | 4.2% | 7.7% | 5.8% | ||
| over 100 | over 100 | over 100 | 98.77 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | €40,000 | €40,000 |
| Carrying value of the mortgaged assets | - | - | - | €1,731 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,013 | €542 | €51,688 | €6,270 |
| €15,205 | €16,029 | €10,669 | €13,324 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SOLID DESIGN AND ENGINEERING
The operating result for 2025 is 6% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total stays at 5.0%.