SOL B: 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.
What changed
SOL B
NACE 20.110, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.3m-€250,312
Equity
€8.5m
2024 · €7.4m+€1.0m
Cash
€457,339
2024 · €858,182-€400,843
Balance sheet total
€13.4m
2024 · €13.3m+€138,398
Largest movements
Assets
- Cash -€400,843
down €400,843 (-46.7%), from €858,182 to €457,339
mainly Investment in fixed assets (net) (-€1.8m) and Trade debts (-€919,997)
- Receivables within one year +€286,498
up €286,498 (+8.5%), from €3.4m to €3.7m
of which Other amounts receivable: +€231,688
- Tangible fixed assets +€177,331
up €177,331 (+2.2%), from €8.0m to €8.2m
of which Plant, machinery and equipment: +€155,201
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+64.8%), from €1.6m to €2.6m
- Trade debts -€919,997
down €919,997 (-17.2%), from €5.3m to €4.4m
Income statement
- Turnover +€273,455
up €273,455 (+2.2%), from €12.7m to €12.9m
- Taxes +€205,914
up €205,914 (+434.8%), from €47,353 to €253,267
of which Taxes: +€208,733
- Services and other goods +€177,698
up €177,698 (+4.5%), from €3.9m to €4.1m
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.
Result 2024
€1.3m
Turnover
+€273,455
Other operating income
-€25,485
Goods and materials
-€113,213
Services and other goods
-€177,698
Staff costs
-€28,691
Depreciation
+€12,959
Write-downs
+€9,776
Other operating charges
-€19,720
Other operating items
+€47,555
Financial income
-€13,369
Financial charges
-€9,967
Taxes
-€205,914
Result 2025
€1.0m
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.
From operations
+€1.4m
Investment
-€1.8m
Financing
€0
Cash 2024
€858,182
From operations (derived)
+€1.4m
Net result for the year
+€1.0m
Depreciation
+€1.6m
Stocks and contracts
-€66,912
Receivables within one year
-€286,498
Deferred charges and accrued income
-€7,960
Trade debts
-€919,997
Tax, wage and social debts
+€65,904
Other debts
+€916
Accrued charges and deferred income
-€34,165
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Cash 2025
€457,339
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,273,955 | €13,412,353 | +€138,398 | +1.0% |
| Fixed assets | 21/28 | €8,223,234 | €8,401,105 | +€177,871 | +2.2% |
| Intangible fixed assets | 21 | €19,260 | €14,624 | -€4,636 | -24.1% |
| Tangible fixed assets | 22/27 | €8,001,310 | €8,178,641 | +€177,331 | +2.2% |
| Land and buildings | 22 | €452,087 | €433,079 | -€19,008 | -4.2% |
| Plant, machinery and equipment | 23 | €7,485,863 | €7,641,064 | +€155,201 | +2.1% |
| Furniture and vehicles | 24 | €43,473 | €55,392 | +€11,919 | +27.4% |
| Other tangible fixed assets | 26 | €14,780 | €12,126 | -€2,654 | -18.0% |
| Assets under construction and advance payments | 27 | €5,107 | €36,980 | +€31,873 | +624.1% |
| Financial fixed assets | 28 | €202,664 | €207,840 | +€5,176 | +2.6% |
| Other financial fixed assets | 284/8 | €202,664 | €207,840 | +€5,176 | +2.6% |
| Amounts receivable and cash guarantees | 285/8 | €202,664 | €207,840 | +€5,176 | +2.6% |
| Current assets | 29/58 | €5,050,721 | €5,011,248 | -€39,473 | -0.8% |
| Stocks and contracts in progress | 3 | €632,997 | €699,909 | +€66,912 | +10.6% |
| Stocks | 30/36 | €632,997 | €699,909 | +€66,912 | +10.6% |
| Raw materials and consumables | 30/31 | €632,997 | €699,909 | +€66,912 | +10.6% |
| Amounts receivable within one year | 40/41 | €3,366,687 | €3,653,185 | +€286,498 | +8.5% |
| Trade receivables | 40 | €3,106,371 | €3,161,181 | +€54,810 | +1.8% |
| Other amounts receivable | 41 | €260,316 | €492,004 | +€231,688 | +89.0% |
| Cash at bank and in hand | 54/58 | €858,182 | €457,339 | -€400,843 | -46.7% |
| Deferred charges and accrued income | 490/1 | €192,855 | €200,815 | +€7,960 | +4.1% |
| Total equity and liabilities | 10/49 | €13,273,955 | €13,412,353 | +€138,398 | +1.0% |
| Equity | 10/15 | €7,446,572 | €8,472,312 | +€1.0m | +13.8% |
| Contributions | 10/11 | €5,508,625 | €5,508,625 | = | 0.0% |
| Reserves | 13 | €355,800 | €355,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €355,800 | €355,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €355,800 | €355,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,582,147 | €2,607,887 | +€1.0m | +64.8% |
| Amounts payable | 17/49 | €5,827,383 | €4,940,041 | -€887,342 | -15.2% |
| Amounts payable within one year | 42/48 | €5,618,324 | €4,765,147 | -€853,177 | -15.2% |
| Trade debts | 44 | €5,347,252 | €4,427,255 | -€919,997 | -17.2% |
| Suppliers | 440/4 | €5,347,252 | €4,427,255 | -€919,997 | -17.2% |
| Taxes, remuneration and social security | 45 | €261,794 | €327,698 | +€65,904 | +25.2% |
| Taxes | 450/3 | €95,528 | €132,533 | +€37,005 | +38.7% |
| Remuneration and social security | 454/9 | €166,266 | €195,165 | +€28,899 | +17.4% |
| Other amounts payable | 47/48 | €9,278 | €10,194 | +€916 | +9.9% |
| Accrued charges and deferred income | 492/3 | €209,059 | €174,894 | -€34,165 | -16.3% |
| Operating income | 70/76A | €12,927,922 | €13,195,384 | +€267,462 | +2.1% |
| Turnover | 70 | €12,650,544 | €12,923,999 | +€273,455 | +2.2% |
| Other operating income | 74 | €248,512 | €223,027 | -€25,485 | -10.3% |
| Non-recurring operating income | 76A | €28,866 | €48,358 | +€19,492 | +67.5% |
| Operating charges | 60/66A | €11,597,074 | €11,885,598 | +€288,524 | +2.5% |
| Goods for resale, raw materials and consumables | 60 | €3,620,457 | €3,733,670 | +€113,213 | +3.1% |
| Purchases | 600/8 | €3,598,017 | €3,800,582 | +€202,565 | +5.6% |
| Change in stocks: decrease (increase) | 609 | €22,440 | -€66,912 | -€89,352 | |
| Services and other goods | 61 | €3,935,340 | €4,113,038 | +€177,698 | +4.5% |
| Remuneration, social security and pensions | 62 | €2,164,220 | €2,192,911 | +€28,691 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622,662 | €1,609,703 | -€12,959 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,186 | -€6,590 | -€9,776 | |
| Other operating charges | 640/8 | €220,780 | €240,500 | +€19,720 | +8.9% |
| Non-recurring operating charges | 66A | €30,429 | €2,366 | -€28,063 | -92.2% |
| Operating profit (loss) | 9901 | €1,330,848 | €1,309,786 | -€21,062 | -1.6% |
| Financial income | 75/76B | €33,703 | €20,334 | -€13,369 | -39.7% |
| Recurring financial income | 75 | €33,703 | €20,334 | -€13,369 | -39.7% |
| Other financial income | 752/9 | €33,703 | €20,334 | -€13,369 | -39.7% |
| Financial charges | 65/66B | €41,146 | €51,113 | +€9,967 | +24.2% |
| Recurring financial charges | 65 | €41,146 | €51,113 | +€9,967 | +24.2% |
| Debt charges | 650 | €21,580 | €18,856 | -€2,724 | -12.6% |
| Other financial charges | 652/9 | €19,566 | €32,257 | +€12,691 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €1,323,405 | €1,279,007 | -€44,398 | -3.4% |
| Income taxes | 67/77 | €47,353 | €253,267 | +€205,914 | +434.8% |
| Taxes | 670/3 | €47,353 | €256,086 | +€208,733 | +440.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,819 | +€2,819 | |
| Profit (loss) for the period | 9904 | €1,276,052 | €1,025,740 | -€250,312 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,276,052 | €1,025,740 | -€250,312 | -19.6% |
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 5 October 2026 via checked.be.