BAZACLE & SOLON: 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.
BAZACLE & SOLON
Largest movements
- Cash +€122,908
up €122,908 (+47.7%), from €257,468 to €380,376
mainly Net result for the year (+€150,961) and Other debts (+€109,050)
- Tangible fixed assets -€17,122
down €17,122 (-54.4%), from €31,461 to €14,339
- Profit (loss) carried forward -€124,039
down €124,039 (-27.2%), from €456,723 to €332,685
- Other debts +€109,050
up €109,050 (+79.9%), from €136,499 to €245,549
- Trade debts +€70,184
up €70,184 (+937.0%), from €7,490 to €77,675
- Tax, wage and social debts +€23,196
up €23,196 (+45.7%), from €50,795 to €73,991
of which Remuneration and social security: +€13,457
- Reserves +€15,000
up €15,000 (+40.2%), from €37,319 to €52,319
of which Tax-exempt reserves: +€15,000
- Staff costs +€33,900
up €33,900 (+32.6%), from €103,921 to €137,822
- Taxes +€25,392
up €25,392 (+33.0%), from €77,007 to €102,399
- Gross operating margin -€21,914
down €21,914 (-4.9%), from €445,895 to €423,982
- Other operating charges -€8,545
down €8,545 (-94.4%), from €9,048 to €503
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 | €745,282 | €846,329 | +€101,047 | +13.6% |
| Fixed assets | 21/28 | €31,641 | €14,519 | -€17,122 | -54.1% |
| Tangible fixed assets | 22/27 | €31,461 | €14,339 | -€17,122 | -54.4% |
| Furniture and vehicles | 24 | €31,461 | €14,339 | -€17,122 | -54.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €713,641 | €831,810 | +€118,169 | +16.6% |
| Amounts receivable within one year | 40/41 | €452,970 | €447,835 | -€5,135 | -1.1% |
| Trade receivables | 40 | €404,899 | €441,213 | +€36,313 | +9.0% |
| Other amounts receivable | 41 | €48,070 | €6,622 | -€41,448 | -86.2% |
| Cash at bank and in hand | 54/58 | €257,468 | €380,376 | +€122,908 | +47.7% |
| Deferred charges and accrued income | 490/1 | €3,203 | €3,599 | +€396 | +12.4% |
| Total equity and liabilities | 10/49 | €745,282 | €846,329 | +€101,047 | +13.6% |
| Equity | 10/15 | €517,229 | €408,191 | -€109,039 | -21.1% |
| Contributions | 10/11 | €23,188 | €23,188 | = | 0.0% |
| Capital | 10 | €23,188 | €23,188 | = | 0.0% |
| Issued capital | 100 | €23,188 | €23,188 | = | 0.0% |
| Reserves | 13 | €37,319 | €52,319 | +€15,000 | +40.2% |
| Non-distributable reserves | 130/1 | €2,319 | €2,319 | = | 0.0% |
| Legal reserve | 130 | €2,319 | €2,319 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Profit (loss) carried forward | 14 | €456,723 | €332,685 | -€124,039 | -27.2% |
| Amounts payable | 17/49 | €228,053 | €438,138 | +€210,085 | +92.1% |
| Amounts payable within one year | 42/48 | €228,053 | €430,851 | +€202,799 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €33,268 | €33,637 | +€369 | +1.1% |
| Trade debts | 44 | €7,490 | €77,675 | +€70,184 | +937.0% |
| Suppliers | 440/4 | €7,490 | €77,675 | +€70,184 | +937.0% |
| Taxes, remuneration and social security | 45 | €50,795 | €73,991 | +€23,196 | +45.7% |
| Taxes | 450/3 | €42,870 | €52,609 | +€9,739 | +22.7% |
| Remuneration and social security | 454/9 | €7,925 | €21,382 | +€13,457 | +169.8% |
| Other amounts payable | 47/48 | €136,499 | €245,549 | +€109,050 | +79.9% |
| Accrued charges and deferred income | 492/3 | - | €7,287 | +€7,287 | |
| Remuneration, social security and pensions | 62 | €103,921 | €137,822 | +€33,900 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,630 | €20,061 | +€2,431 | +13.8% |
| Other operating charges | 640/8 | €9,048 | €503 | -€8,545 | -94.4% |
| Non-recurring operating charges | 66A | - | €10,532 | +€10,532 | |
| Gross operating margin | 9900 | €445,895 | €423,982 | -€21,914 | -4.9% |
| Operating profit (loss) | 9901 | €315,296 | €255,064 | -€60,232 | -19.1% |
| Financial income | 75/76B | - | €2,461 | +€2,461 | |
| Recurring financial income | 75 | - | €2,461 | +€2,461 | |
| Financial charges | 65/66B | €3,706 | €4,165 | +€460 | +12.4% |
| Recurring financial charges | 65 | €3,706 | €4,165 | +€460 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €311,591 | €253,360 | -€58,231 | -18.7% |
| Income taxes | 67/77 | €77,007 | €102,399 | +€25,392 | +33.0% |
| Profit (loss) for the period | 9904 | €234,584 | €150,961 | -€83,623 | -35.6% |
| Transfer to tax-exempt reserves | 689 | - | €15,000 | +€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,584 | €135,961 | -€98,623 | -42.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.