IMMO SOLVAY: 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.
IMMO SOLVAY
Largest movements
- Receivables within one year +€43,295
up €43,295 (+962.5%), from €4,498 to €47,793
of which Other amounts receivable: +€43,567
- Tangible fixed assets -€42,395
down €42,395 (-2.7%), from €1.5m to €1.5m
of which Land and buildings: -€40,594
- Debts after one year -€75,119
down €75,119 (-7.7%), from €969,359 to €894,240
of which Financial debts: -€75,119
- Profit (loss) carried forward +€52,158
up €52,158 (+31.2%), from €167,073 to €219,232
- Trade debts +€16,470
up €16,470 (+35.5%), from €46,340 to €62,810
- Gross operating margin +€5,421
up €5,421 (+2.8%), from €196,518 to €201,939
- Financial charges -€3,644
down €3,644 (-14.2%), from €25,705 to €22,061
- Depreciation +€2,280
up €2,280 (+2.9%), from €79,417 to €81,697
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 | €1,566,460 | €1,565,489 | -€971 | -0.1% |
| Fixed assets | 21/28 | €1,546,934 | €1,504,538 | -€42,395 | -2.7% |
| Tangible fixed assets | 22/27 | €1,546,934 | €1,504,538 | -€42,395 | -2.7% |
| Land and buildings | 22 | €1,545,132 | €1,504,538 | -€40,594 | -2.6% |
| Plant, machinery and equipment | 23 | €1,802 | - | -€1,802 | |
| Current assets | 29/58 | €19,526 | €60,950 | +€41,424 | +212.2% |
| Amounts receivable within one year | 40/41 | €4,498 | €47,793 | +€43,295 | +962.5% |
| Trade receivables | 40 | €2,937 | €2,666 | -€272 | -9.3% |
| Other amounts receivable | 41 | €1,561 | €45,128 | +€43,567 | +2790.9% |
| Cash at bank and in hand | 54/58 | €4,044 | €2,155 | -€1,889 | -46.7% |
| Deferred charges and accrued income | 490/1 | €10,984 | €11,002 | +€18 | +0.2% |
| Total equity and liabilities | 10/49 | €1,566,460 | €1,565,489 | -€971 | -0.1% |
| Equity | 10/15 | €189,073 | €241,232 | +€52,158 | +27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,073 | €219,232 | +€52,158 | +31.2% |
| Amounts payable | 17/49 | €1,377,386 | €1,324,257 | -€53,130 | -3.9% |
| Amounts payable after more than one year | 17 | €969,359 | €894,240 | -€75,119 | -7.7% |
| Financial debts | 170/4 | €968,909 | €893,790 | -€75,119 | -7.8% |
| Other amounts payable | 178/9 | €450 | €450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €408,028 | €429,481 | +€21,453 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €105,090 | €115,822 | +€10,731 | +10.2% |
| Financial debts | 43 | €163,940 | €161,392 | -€2,548 | -1.6% |
| Credit institutions | 430/8 | €163,940 | €161,392 | -€2,548 | -1.6% |
| Trade debts | 44 | €46,340 | €62,810 | +€16,470 | +35.5% |
| Suppliers | 440/4 | €46,340 | €62,810 | +€16,470 | +35.5% |
| Other amounts payable | 47/48 | €92,657 | €89,457 | -€3,200 | -3.5% |
| Accrued charges and deferred income | 492/3 | - | €536 | +€536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,417 | €81,697 | +€2,280 | +2.9% |
| Other operating charges | 640/8 | €29,627 | €29,941 | +€314 | +1.1% |
| Gross operating margin | 9900 | €196,518 | €201,939 | +€5,421 | +2.8% |
| Operating profit (loss) | 9901 | €87,474 | €90,302 | +€2,828 | +3.2% |
| Financial charges | 65/66B | €25,705 | €22,061 | -€3,644 | -14.2% |
| Recurring financial charges | 65 | €25,705 | €22,061 | -€3,644 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €61,769 | €68,241 | +€6,472 | +10.5% |
| Income taxes | 67/77 | €15,439 | €16,082 | +€643 | +4.2% |
| Profit (loss) for the period | 9904 | €46,330 | €52,158 | +€5,829 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,330 | €52,158 | +€5,829 | +12.6% |
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 4 October 2026 via checked.be.