SOL D'OR HANDLING: 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.
What changed
SOL D'OR HANDLING
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€51,928
2024 · -€76,163+€24,236
Equity
€1.6m
2024 · €1.7m-€51,928
Cash
€15,940
2024 · €5,630+€10,311
Balance sheet total
€2.9m
2024 · €3.0m-€100,325
Largest movements
Assets
- Tangible fixed assets -€135,970
down €135,970 (-9.1%), from €1.5m to €1.4m
of which Land and buildings: -€125,065
Equity and liabilities
- Debts after one year -€91,710
down €91,710 (-7.9%), from €1.2m to €1.1m
- Profit (loss) carried forward -€51,928
down €51,928 (-36.7%), from -€141,415 to -€193,342
- Accrued charges and deferred income +€49,506
new in 2025: €49,506
Income statement
- Gross operating margin +€18,192
up €18,192 (+7.2%), from €253,168 to €271,360
- Depreciation -€16,305
down €16,305 (-9.6%), from €169,250 to €152,945
- Staff costs +€9,893
up €9,893 (+11.9%), from €82,815 to €92,707
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
-€76,163
Gross operating margin
+€18,192
Staff costs
-€9,893
Depreciation
+€16,305
Other operating charges
+€96
Financial income
-€1
Financial charges
-€479
Taxes
+€16
Result 2025
-€51,928
raises the resultlowers the result
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.
From operations
+€120,217
Investment
-€17,455
Financing
-€92,452
Cash 2024
€5,630
From operations (derived)
+€120,217
Net result for the year
-€51,928
Depreciation
+€152,945
Receivables within one year
-€24,854
Trade debts
-€13,665
Tax, wage and social debts
+€8,214
Accrued charges and deferred income
+€49,506
Investment (derived)
-€17,455
Investment in fixed assets (net)
-€17,455
Financing
-€92,452
Debts after one year
-€91,710
Current portion of long-term debt
-€742
Cash 2025
€15,940
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,983,892 | €2,883,567 | -€100,325 | -3.4% |
| Fixed assets | 21/28 | €1,606,378 | €1,470,888 | -€135,490 | -8.4% |
| Intangible fixed assets | 21 | €3,211 | €3,691 | +€480 | +14.9% |
| Tangible fixed assets | 22/27 | €1,487,037 | €1,351,067 | -€135,970 | -9.1% |
| Land and buildings | 22 | €1,414,837 | €1,289,772 | -€125,065 | -8.8% |
| Plant, machinery and equipment | 23 | €34,276 | €27,165 | -€7,111 | -20.7% |
| Furniture and vehicles | 24 | €37,924 | €34,130 | -€3,794 | -10.0% |
| Financial fixed assets | 28 | €116,130 | €116,130 | = | 0.0% |
| Current assets | 29/58 | €1,377,515 | €1,412,680 | +€35,165 | +2.6% |
| Amounts receivable after more than one year | 29 | €198,157 | €198,157 | = | 0.0% |
| Other amounts receivable | 291 | €198,157 | €198,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,173,727 | €1,198,582 | +€24,854 | +2.1% |
| Trade receivables | 40 | €412,727 | €437,582 | +€24,854 | +6.0% |
| Other amounts receivable | 41 | €761,000 | €761,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,630 | €15,940 | +€10,311 | +183% |
| Total equity and liabilities | 10/49 | €2,983,892 | €2,883,567 | -€100,325 | -3.4% |
| Equity | 10/15 | €1,695,451 | €1,643,524 | -€51,928 | -3.1% |
| Contributions | 10/11 | €1,340,825 | €1,340,825 | = | 0.0% |
| Capital | 10 | - | €1,340,825 | +€1.3m | |
| Issued capital | 100 | - | €1,340,825 | +€1.3m | |
| Reserves | 13 | €496,041 | €496,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,700 | €13,700 | = | 0.0% |
| Legal reserve | 130 | - | €13,700 | +€13,700 | |
| Reserves not available under the articles | 1311 | €13,700 | - | -€13,700 | |
| Tax-exempt reserves | 132 | €12,341 | €12,341 | = | 0.0% |
| Distributable reserves | 133 | €470,000 | €470,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,415 | -€193,342 | -€51,928 | -36.7% |
| Amounts payable | 17/49 | €1,288,441 | €1,240,044 | -€48,397 | -3.8% |
| Amounts payable after more than one year | 17 | €1,160,202 | €1,068,492 | -€91,710 | -7.9% |
| Financial debts | 170/4 | €1,160,202 | €1,068,492 | -€91,710 | -7.9% |
| Amounts payable within one year | 42/48 | €128,239 | €122,046 | -€6,193 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €75,659 | €74,917 | -€742 | -1.0% |
| Trade debts | 44 | €40,353 | €26,688 | -€13,665 | -33.9% |
| Suppliers | 440/4 | €40,353 | €26,688 | -€13,665 | -33.9% |
| Taxes, remuneration and social security | 45 | €12,227 | €20,441 | +€8,214 | +67.2% |
| Taxes | 450/3 | €5,831 | €16,915 | +€11,084 | +190% |
| Remuneration and social security | 454/9 | €6,396 | €3,525 | -€2,870 | -44.9% |
| Accrued charges and deferred income | 492/3 | - | €49,506 | +€49,506 | |
| Remuneration, social security and pensions | 62 | €82,815 | €92,707 | +€9,893 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,250 | €152,945 | -€16,305 | -9.6% |
| Other operating charges | 640/8 | €25,987 | €25,892 | -€96 | -0.4% |
| Gross operating margin | 9900 | €253,168 | €271,360 | +€18,192 | +7.2% |
| Operating profit (loss) | 9901 | -€24,885 | -€184 | +€24,701 | +99.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.6% |
| Financial charges | 65/66B | €51,264 | €51,743 | +€479 | +0.9% |
| Recurring financial charges | 65 | €51,264 | €51,743 | +€479 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,147 | -€51,928 | +€24,220 | +31.8% |
| Income taxes | 67/77 | €16 | - | -€16 | |
| Profit (loss) for the period | 9904 | -€76,163 | -€51,928 | +€24,236 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,163 | -€51,928 | +€24,236 | +31.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.