ETS SOLBREUX: 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.
ETS SOLBREUX
Largest movements
- Tangible fixed assets +€52,155
up €52,155 (+44.5%), from €117,293 to €169,448
of which Plant, machinery and equipment: +€64,991
- Cash +€28,909
up €28,909 (+21.8%), from €132,531 to €161,440
mainly Net result for the year (+€66,192) and Receivables within one year (+€23,685)
- Receivables within one year -€23,685
down €23,685 (-43.7%), from €54,239 to €30,553
of which Trade receivables: -€23,625
- Profit (loss) carried forward +€36,192
up €36,192 (+40.4%), from €89,596 to €125,789
- Debts after one year +€11,262
up €11,262 (+27.7%), from €40,695 to €51,957
- Tax, wage and social debts +€6,772
up €6,772 (+66.5%), from €10,183 to €16,955
of which Taxes: +€6,644
- Gross operating margin +€35,481
up €35,481 (+27.9%), from €127,085 to €162,566
- Financial income +€20,024
up €20,024 (+8533.1%), from €235 to €20,258
of which Non-recurring financial income: +€20,000
- Taxes +€15,644
up €15,644 (+2677.1%), from €584 to €16,228
- Depreciation -€14,375
down €14,375 (-40.3%), from €35,650 to €21,275
- Staff costs -€6,990
down €6,990 (-9.4%), from €74,537 to €67,546
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,237 | €377,926 | +€55,689 | +17.3% |
| Fixed assets | 21/28 | €119,672 | €171,794 | +€52,122 | +43.6% |
| Tangible fixed assets | 22/27 | €117,293 | €169,448 | +€52,155 | +44.5% |
| Plant, machinery and equipment | 23 | €7,999 | €72,990 | +€64,991 | +812.5% |
| Furniture and vehicles | 24 | €109,294 | €96,458 | -€12,836 | -11.7% |
| Financial fixed assets | 28 | €2,379 | €2,346 | -€33 | -1.4% |
| Current assets | 29/58 | €202,565 | €206,132 | +€3,567 | +1.8% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,239 | €30,553 | -€23,685 | -43.7% |
| Trade receivables | 40 | €47,328 | €23,703 | -€23,625 | -49.9% |
| Other amounts receivable | 41 | €6,910 | €6,850 | -€60 | -0.9% |
| Cash at bank and in hand | 54/58 | €132,531 | €161,440 | +€28,909 | +21.8% |
| Deferred charges and accrued income | 490/1 | €13,796 | €12,139 | -€1,657 | -12.0% |
| Total equity and liabilities | 10/49 | €322,237 | €377,926 | +€55,689 | +17.3% |
| Equity | 10/15 | €157,796 | €193,989 | +€36,192 | +22.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,596 | €125,789 | +€36,192 | +40.4% |
| Amounts payable | 17/49 | €164,441 | €183,938 | +€19,497 | +11.9% |
| Amounts payable after more than one year | 17 | €40,695 | €51,957 | +€11,262 | +27.7% |
| Financial debts | 170/4 | €40,695 | €51,957 | +€11,262 | +27.7% |
| Amounts payable within one year | 42/48 | €123,747 | €131,981 | +€8,234 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €34,595 | €31,082 | -€3,513 | -10.2% |
| Trade debts | 44 | €26,354 | €28,751 | +€2,397 | +9.1% |
| Suppliers | 440/4 | €26,354 | €28,751 | +€2,397 | +9.1% |
| Taxes, remuneration and social security | 45 | €10,183 | €16,955 | +€6,772 | +66.5% |
| Taxes | 450/3 | €5,804 | €12,449 | +€6,644 | +114.5% |
| Remuneration and social security | 454/9 | €4,379 | €4,507 | +€128 | +2.9% |
| Other amounts payable | 47/48 | €52,615 | €55,193 | +€2,578 | +4.9% |
| Non-recurring operating income | 76A | €10,093 | - | -€10,093 | |
| Remuneration, social security and pensions | 62 | €74,537 | €67,546 | -€6,990 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,650 | €21,275 | -€14,375 | -40.3% |
| Other operating charges | 640/8 | €2,688 | €5,417 | +€2,729 | +101.5% |
| Gross operating margin | 9900 | €127,085 | €162,566 | +€35,481 | +27.9% |
| Operating profit (loss) | 9901 | €14,210 | €68,328 | +€54,118 | +380.9% |
| Financial income | 75/76B | €235 | €20,258 | +€20,024 | +8533.1% |
| Recurring financial income | 75 | €235 | €258 | +€24 | +10.1% |
| Non-recurring financial income | 76B | - | €20,000 | +€20,000 | |
| Financial charges | 65/66B | €5,578 | €6,166 | +€588 | +10.5% |
| Recurring financial charges | 65 | €5,578 | €6,166 | +€588 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €8,866 | €82,420 | +€73,554 | +829.6% |
| Income taxes | 67/77 | €584 | €16,228 | +€15,644 | +2677.1% |
| Profit (loss) for the period | 9904 | €8,282 | €66,192 | +€57,910 | +699.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,282 | €66,192 | +€57,910 | +699.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.