Marco Solo: 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.
Marco Solo
Largest movements
- Cash -€205,941
down €205,941 (-54.2%), from €380,101 to €174,160
mainly Contributions, distributions and other (-€383,500) and Investment in fixed assets (net) (-€76,363)
- Tangible fixed assets +€63,848
up €63,848 (+3,741%), from €1,707 to €65,554
- Current investments -€17,792
down €17,792 (-61.8%), from €28,792 to €11,000
- Reserves -€267,000
down €267,000 (-80.1%), from €333,500 to €66,500
- Other debts +€137,360
up €137,360 (+7,455%), from €1,843 to €139,202
- Tax, wage and social debts -€30,836
down €30,836 (-42.2%), from €73,139 to €42,303
of which Taxes: -€30,551
- Gross operating margin +€14,072
up €14,072 (+8.8%), from €160,178 to €174,250
- Depreciation +€10,959
up €10,959 (+704%), from €1,556 to €12,515
- Staff costs -€4,229
down €4,229 (-31.2%), from €13,565 to €9,336
- Financial income -€2,053
down €2,053 (-56.1%), from €3,660 to €1,606
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 | €410,625 | €250,715 | -€159,910 | -38.9% |
| Fixed assets | 21/28 | €1,707 | €65,554 | +€63,848 | +3,741% |
| Tangible fixed assets | 22/27 | €1,707 | €65,554 | +€63,848 | +3,741% |
| Furniture and vehicles | 24 | €1,707 | €65,554 | +€63,848 | +3,741% |
| Current assets | 29/58 | €408,918 | €185,160 | -€223,758 | -54.7% |
| Amounts receivable within one year | 40/41 | €25 | - | -€25 | |
| Trade receivables | 40 | €25 | - | -€25 | |
| Current investments | 50/53 | €28,792 | €11,000 | -€17,792 | -61.8% |
| Cash at bank and in hand | 54/58 | €380,101 | €174,160 | -€205,941 | -54.2% |
| Total equity and liabilities | 10/49 | €410,625 | €250,715 | -€159,910 | -38.9% |
| Equity | 10/15 | €335,411 | €68,479 | -€266,932 | -79.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €333,500 | €66,500 | -€267,000 | -80.1% |
| Distributable reserves | 133 | €333,500 | €66,500 | -€267,000 | -80.1% |
| Profit (loss) carried forward | 14 | €411 | €479 | +€68 | +16.6% |
| Amounts payable | 17/49 | €75,214 | €182,236 | +€107,022 | +142% |
| Amounts payable within one year | 42/48 | €75,214 | €182,236 | +€107,022 | +142% |
| Trade debts | 44 | €232 | €730 | +€498 | +215% |
| Suppliers | 440/4 | €232 | €730 | +€498 | +215% |
| Taxes, remuneration and social security | 45 | €73,139 | €42,303 | -€30,836 | -42.2% |
| Taxes | 450/3 | €72,107 | €41,555 | -€30,551 | -42.4% |
| Remuneration and social security | 454/9 | €1,032 | €748 | -€285 | -27.6% |
| Other amounts payable | 47/48 | €1,843 | €139,202 | +€137,360 | +7,455% |
| Non-recurring operating income | 76A | - | €199 | +€199 | |
| Remuneration, social security and pensions | 62 | €13,565 | €9,336 | -€4,229 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €12,515 | +€10,959 | +704% |
| Other operating charges | 640/8 | €433 | €764 | +€330 | +76.3% |
| Gross operating margin | 9900 | €160,178 | €174,250 | +€14,072 | +8.8% |
| Operating profit (loss) | 9901 | €144,623 | €151,634 | +€7,011 | +4.8% |
| Financial income | 75/76B | €3,660 | €1,606 | -€2,053 | -56.1% |
| Recurring financial income | 75 | €3,660 | €1,606 | -€2,053 | -56.1% |
| Financial charges | 65/66B | €121 | €92 | -€29 | -23.9% |
| Recurring financial charges | 65 | €121 | €92 | -€29 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €148,162 | €153,149 | +€4,987 | +3.4% |
| Income taxes | 67/77 | €35,160 | €36,581 | +€1,420 | +4.0% |
| Profit (loss) for the period | 9904 | €113,001 | €116,568 | +€3,567 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,001 | €116,568 | +€3,567 | +3.2% |
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 17 October 2026 via checked.be.