Immo Soltech: what changed
Two financial 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.
Immo Soltech
Largest movements
- Receivables after one year +€509,287
up €509,287 (+33.6%), from €1.5m to €2.0m
- Tangible fixed assets -€188,294
down €188,294 (-3.1%), from €6.0m to €5.8m
of which Land and buildings: -€190,589
- Receivables within one year +€89,596
up €89,596 (+490%), from €18,287 to €107,882
of which Trade receivables: +€89,596
- Debts after one year +€474,011
up €474,011 (+6.4%), from €7.4m to €7.9m
of which Financial debts: +€474,011
- Profit (loss) carried forward -€183,469
down €183,469 (-50.9%), from -€360,234 to -€543,703
- Financial income +€24,698
up €24,698 (+29.2%), from €84,588 to €109,287
- Other operating charges +€19,167
up €19,167 (+2,356%), from €813 to €19,981
- Financial charges +€13,577
up €13,577 (+4.0%), from €342,137 to €355,714
- Gross operating margin +€7,249
up €7,249 (+2.4%), from €297,135 to €304,384
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.
Derived cash bridge
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 | €7,649,151 | €8,017,565 | +€368,414 | +4.8% |
| Formation expenses | 20 | €1,398 | €883 | -€515 | -36.8% |
| Fixed assets | 21/28 | €5,991,224 | €5,802,929 | -€188,294 | -3.1% |
| Tangible fixed assets | 22/27 | €5,991,224 | €5,802,929 | -€188,294 | -3.1% |
| Land and buildings | 22 | €5,948,132 | €5,757,543 | -€190,589 | -3.2% |
| Furniture and vehicles | 24 | €43,092 | €45,386 | +€2,295 | +5.3% |
| Current assets | 29/58 | €1,656,530 | €2,213,753 | +€557,223 | +33.6% |
| Amounts receivable after more than one year | 29 | €1,514,025 | €2,023,311 | +€509,287 | +33.6% |
| Other amounts receivable | 291 | €1,514,025 | €2,023,311 | +€509,287 | +33.6% |
| Amounts receivable within one year | 40/41 | €18,287 | €107,882 | +€89,596 | +490% |
| Trade receivables | 40 | €16,952 | €106,547 | +€89,596 | +529% |
| Other amounts receivable | 41 | €1,335 | €1,335 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,480 | €65,985 | -€14,495 | -18.0% |
| Deferred charges and accrued income | 490/1 | €43,738 | €16,574 | -€27,164 | -62.1% |
| Total equity and liabilities | 10/49 | €7,649,151 | €8,017,565 | +€368,414 | +4.8% |
| Equity | 10/15 | €14,766 | -€168,703 | -€183,469 | |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€360,234 | -€543,703 | -€183,469 | -50.9% |
| Amounts payable | 17/49 | €7,634,385 | €8,186,268 | +€551,883 | +7.2% |
| Amounts payable after more than one year | 17 | €7,440,903 | €7,914,915 | +€474,011 | +6.4% |
| Financial debts | 170/4 | €7,240,203 | €7,714,215 | +€474,011 | +6.5% |
| Other amounts payable | 178/9 | €200,700 | €200,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,371 | €270,860 | +€93,489 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €131,948 | €137,011 | +€5,064 | +3.8% |
| Trade debts | 44 | €28,417 | €91,866 | +€63,449 | +223% |
| Suppliers | 440/4 | €28,417 | €91,866 | +€63,449 | +223% |
| Taxes, remuneration and social security | 45 | €12,188 | €37,165 | +€24,977 | +205% |
| Taxes | 450/3 | €12,188 | €37,165 | +€24,977 | +205% |
| Other amounts payable | 47/48 | €4,817 | €4,817 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,112 | €494 | -€15,618 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,258 | €221,445 | +€1,186 | +0.5% |
| Other operating charges | 640/8 | €813 | €19,981 | +€19,167 | +2,356% |
| Gross operating margin | 9900 | €297,135 | €304,384 | +€7,249 | +2.4% |
| Operating profit (loss) | 9901 | €76,064 | €62,959 | -€13,105 | -17.2% |
| Financial income | 75/76B | €84,588 | €109,287 | +€24,698 | +29.2% |
| Recurring financial income | 75 | €84,588 | €109,287 | +€24,698 | +29.2% |
| Financial charges | 65/66B | €342,137 | €355,714 | +€13,577 | +4.0% |
| Recurring financial charges | 65 | €342,137 | €355,714 | +€13,577 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€181,485 | -€183,469 | -€1,983 | -1.1% |
| Profit (loss) for the period | 9904 | -€181,485 | -€183,469 | -€1,983 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,485 | -€183,469 | -€1,983 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.