G.SOL: 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.
G.SOL
Largest movements
- Tangible fixed assets +€51,265
up €51,265 (+224.5%), from €22,838 to €74,103
of which Plant, machinery and equipment: +€51,265
- Cash +€36,495
up €36,495 (+39.4%), from €92,572 to €129,067
mainly Net result for the year (+€42,409) and Debts after one year (+€27,606)
- Reserves +€40,000
up €40,000 (+18.8%), from €213,308 to €253,308
- Debts after one year +€27,606
new in 2025: €27,606
- Tax, wage and social debts +€18,187
up €18,187 (+75.4%), from €24,117 to €42,305
of which Taxes: +€16,980
- Trade debts -€11,804
down €11,804 (-64.0%), from €18,436 to €6,632
- Current portion of long-term debt +€6,982
new in 2025: €6,982
- Gross operating margin +€22,429
up €22,429 (+24.4%), from €91,976 to €114,404
- Write-downs +€5,856
new in 2025: €5,856
- Taxes +€2,813
up €2,813 (+21.0%), from €13,394 to €16,207
- Depreciation +€2,332
up €2,332 (+50.1%), from €4,660 to €6,992
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 | €288,921 | €375,002 | +€86,081 | +29.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €22,838 | €74,103 | +€51,265 | +224.5% |
| Tangible fixed assets | 22/27 | €22,838 | €74,103 | +€51,265 | +224.5% |
| Plant, machinery and equipment | 23 | €22,838 | €74,103 | +€51,265 | +224.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €266,082 | €300,898 | +€34,816 | +13.1% |
| Amounts receivable within one year | 40/41 | €169,935 | €168,256 | -€1,679 | -1.0% |
| Trade receivables | 40 | €18,380 | €12,480 | -€5,899 | -32.1% |
| Other amounts receivable | 41 | €151,555 | €155,776 | +€4,220 | +2.8% |
| Cash at bank and in hand | 54/58 | €92,572 | €129,067 | +€36,495 | +39.4% |
| Deferred charges and accrued income | 490/1 | €3,576 | €3,576 | = | 0.0% |
| Total equity and liabilities | 10/49 | €288,921 | €375,002 | +€86,081 | +29.8% |
| Equity | 10/15 | €246,368 | €288,777 | +€42,409 | +17.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €213,308 | €253,308 | +€40,000 | +18.8% |
| Distributable reserves | 133 | €213,308 | €253,308 | +€40,000 | +18.8% |
| Profit (loss) carried forward | 14 | €25,000 | €27,409 | +€2,409 | +9.6% |
| Amounts payable | 17/49 | €42,553 | €86,224 | +€43,671 | +102.6% |
| Amounts payable after more than one year | 17 | - | €27,606 | +€27,606 | |
| Financial debts | 170/4 | - | €27,606 | +€27,606 | |
| Amounts payable within one year | 42/48 | €42,553 | €55,919 | +€13,365 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,982 | +€6,982 | |
| Trade debts | 44 | €18,436 | €6,632 | -€11,804 | -64.0% |
| Suppliers | 440/4 | €18,436 | €6,632 | -€11,804 | -64.0% |
| Taxes, remuneration and social security | 45 | €24,117 | €42,305 | +€18,187 | +75.4% |
| Taxes | 450/3 | €21,982 | €38,962 | +€16,980 | +77.2% |
| Remuneration and social security | 454/9 | €2,135 | €3,342 | +€1,208 | +56.6% |
| Accrued charges and deferred income | 492/3 | - | €2,700 | +€2,700 | |
| Remuneration, social security and pensions | 62 | €40,976 | €40,399 | -€577 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,660 | €6,992 | +€2,332 | +50.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,856 | +€5,856 | |
| Other operating charges | 640/8 | €1,158 | €1,191 | +€33 | +2.9% |
| Gross operating margin | 9900 | €91,976 | €114,404 | +€22,429 | +24.4% |
| Operating profit (loss) | 9901 | €45,182 | €59,966 | +€14,783 | +32.7% |
| Financial income | 75/76B | €118 | - | -€118 | |
| Recurring financial income | 75 | €118 | - | -€118 | |
| Financial charges | 65/66B | €787 | €1,349 | +€562 | +71.5% |
| Recurring financial charges | 65 | €787 | €1,349 | +€562 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €44,513 | €58,616 | +€14,103 | +31.7% |
| Income taxes | 67/77 | €13,394 | €16,207 | +€2,813 | +21.0% |
| Profit (loss) for the period | 9904 | €31,120 | €42,409 | +€11,290 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,120 | €42,409 | +€11,290 | +36.3% |
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 30 September 2026 via checked.be.