De Solheide: 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.
De Solheide
Largest movements
- Tangible fixed assets -€14,927
down €14,927 (-5.6%), from €264,768 to €249,840
of which Land and buildings: -€10,426
- Debts after one year -€14,355
down €14,355 (-6.1%), from €234,982 to €220,626
- Profit (loss) carried forward +€7,247
up €7,247 (+7.6%), from -€95,560 to -€88,313
- Short-term financial debts -€6,404
down €6,404 (-15.5%), from €41,378 to €34,973
- Gross operating margin +€6,405
up €6,405 (+36.3%), from €17,644 to €24,049
- Other operating charges -€609
down €609 (-36.4%), from €1,675 to €1,066
- Financial charges -€261
down €261 (-24.4%), from €1,070 to €809
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 | €273,163 | €260,675 | -€12,488 | -4.6% |
| Fixed assets | 21/28 | €264,768 | €249,840 | -€14,927 | -5.6% |
| Tangible fixed assets | 22/27 | €264,768 | €249,840 | -€14,927 | -5.6% |
| Land and buildings | 22 | €255,419 | €244,993 | -€10,426 | -4.1% |
| Plant, machinery and equipment | 23 | €9,349 | €4,847 | -€4,502 | -48.2% |
| Current assets | 29/58 | €8,395 | €10,835 | +€2,440 | +29.1% |
| Amounts receivable within one year | 40/41 | €6,152 | €6,735 | +€583 | +9.5% |
| Trade receivables | 40 | €3,513 | €3,796 | +€283 | +8.1% |
| Other amounts receivable | 41 | €2,638 | €2,938 | +€300 | +11.4% |
| Cash at bank and in hand | 54/58 | €2,244 | €4,100 | +€1,857 | +82.8% |
| Total equity and liabilities | 10/49 | €273,163 | €260,675 | -€12,488 | -4.6% |
| Equity | 10/15 | -€19,560 | -€12,313 | +€7,247 | +37.1% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,560 | -€88,313 | +€7,247 | +7.6% |
| Amounts payable | 17/49 | €292,723 | €272,988 | -€19,735 | -6.7% |
| Amounts payable after more than one year | 17 | €234,982 | €220,626 | -€14,355 | -6.1% |
| Financial debts | 170/4 | €234,982 | €220,626 | -€14,355 | -6.1% |
| Amounts payable within one year | 42/48 | €57,451 | €52,122 | -€5,329 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €14,080 | €14,355 | +€275 | +2.0% |
| Financial debts | 43 | €41,378 | €34,973 | -€6,404 | -15.5% |
| Other loans | 439 | €41,378 | €34,973 | -€6,404 | -15.5% |
| Trade debts | 44 | €1,993 | €2,793 | +€800 | +40.1% |
| Suppliers | 440/4 | €1,993 | €2,793 | +€800 | +40.1% |
| Accrued charges and deferred income | 492/3 | €290 | €240 | -€50 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,927 | €14,927 | = | 0.0% |
| Other operating charges | 640/8 | €1,675 | €1,066 | -€609 | -36.4% |
| Non-recurring operating charges | 66A | €8 | - | -€8 | |
| Gross operating margin | 9900 | €17,644 | €24,049 | +€6,405 | +36.3% |
| Operating profit (loss) | 9901 | €1,034 | €8,056 | +€7,022 | +679.2% |
| Financial charges | 65/66B | €1,070 | €809 | -€261 | -24.4% |
| Recurring financial charges | 65 | €1,070 | €809 | -€261 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€36 | €7,247 | +€7,283 | |
| Profit (loss) for the period | 9904 | -€36 | €7,247 | +€7,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36 | €7,247 | +€7,283 |
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 2 October 2026 via checked.be.