Sol D'Or-Zima: 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.
Sol D'Or-Zima
Largest movements
- Receivables within one year -€31,137
down €31,137 (-27.5%), from €113,282 to €82,145
of which Trade receivables: -€31,898
- Tangible fixed assets -€19,632
down €19,632 (-11.7%), from €167,687 to €148,055
of which Furniture and vehicles: -€15,625
- Other debts +€161,954
up €161,954 (+101%), from €160,600 to €322,554
- Reserves -€134,366
down €134,366 (-53.0%), from €253,571 to €119,206
of which Distributable reserves: -€134,366
- Advances received -€54,095
no longer reported in 2025 (was €54,095)
- Profit (loss) carried forward -€21,930
down €21,930 (-103%), from -€21,274 to -€43,204
- Tax, wage and social debts +€10,837
up €10,837 (+45.4%), from €23,865 to €34,702
of which Taxes: +€9,113
- Gross operating margin +€57,026
up €57,026 (+65.4%), from €87,146 to €144,172
- Financial income -€34,174
down €34,174 (-88.8%), from €38,467 to €4,293
- Staff costs +€19,583
up €19,583 (+18.3%), from €106,912 to €126,494
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 | €544,361 | €500,184 | -€44,177 | -8.1% |
| Fixed assets | 21/28 | €167,687 | €148,055 | -€19,632 | -11.7% |
| Tangible fixed assets | 22/27 | €167,687 | €148,055 | -€19,632 | -11.7% |
| Land and buildings | 22 | €151,444 | €147,437 | -€4,006 | -2.6% |
| Furniture and vehicles | 24 | €16,243 | €618 | -€15,625 | -96.2% |
| Current assets | 29/58 | €376,674 | €352,129 | -€24,545 | -6.5% |
| Amounts receivable within one year | 40/41 | €113,282 | €82,145 | -€31,137 | -27.5% |
| Trade receivables | 40 | €96,418 | €64,520 | -€31,898 | -33.1% |
| Other amounts receivable | 41 | €16,864 | €17,625 | +€761 | +4.5% |
| Current investments | 50/53 | €234,332 | €239,199 | +€4,867 | +2.1% |
| Cash at bank and in hand | 54/58 | €23,727 | €25,677 | +€1,950 | +8.2% |
| Deferred charges and accrued income | 490/1 | €5,334 | €5,108 | -€225 | -4.2% |
| Total equity and liabilities | 10/49 | €544,361 | €500,184 | -€44,177 | -8.1% |
| Equity | 10/15 | €294,298 | €138,001 | -€156,296 | -53.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €253,571 | €119,206 | -€134,366 | -53.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,105 | €8,105 | = | 0.0% |
| Distributable reserves | 133 | €239,266 | €104,900 | -€134,366 | -56.2% |
| Profit (loss) carried forward | 14 | -€21,274 | -€43,204 | -€21,930 | -103% |
| Amounts payable | 17/49 | €250,063 | €362,183 | +€112,119 | +44.8% |
| Amounts payable within one year | 42/48 | €250,063 | €362,183 | +€112,119 | +44.8% |
| Trade debts | 44 | €11,503 | €4,927 | -€6,576 | -57.2% |
| Suppliers | 440/4 | €11,503 | €4,927 | -€6,576 | -57.2% |
| Advances received on contracts in progress | 46 | €54,095 | - | -€54,095 | |
| Taxes, remuneration and social security | 45 | €23,865 | €34,702 | +€10,837 | +45.4% |
| Taxes | 450/3 | €2,250 | €11,363 | +€9,113 | +405% |
| Remuneration and social security | 454/9 | €21,615 | €23,339 | +€1,725 | +8.0% |
| Other amounts payable | 47/48 | €160,600 | €322,554 | +€161,954 | +101% |
| Remuneration, social security and pensions | 62 | €106,912 | €126,494 | +€19,583 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,186 | €30,932 | -€1,254 | -3.9% |
| Other operating charges | 640/8 | €10,892 | €12,249 | +€1,357 | +12.5% |
| Gross operating margin | 9900 | €87,146 | €144,172 | +€57,026 | +65.4% |
| Operating profit (loss) | 9901 | -€62,844 | -€25,503 | +€37,341 | +59.4% |
| Financial income | 75/76B | €38,467 | €4,293 | -€34,174 | -88.8% |
| Recurring financial income | 75 | €38,467 | €4,293 | -€34,174 | -88.8% |
| Financial charges | 65/66B | €612 | €396 | -€216 | -35.3% |
| Recurring financial charges | 65 | €612 | €396 | -€216 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,988 | -€21,606 | +€3,382 | +13.5% |
| Income taxes | 67/77 | €336 | €325 | -€11 | -3.2% |
| Profit (loss) for the period | 9904 | -€25,324 | -€21,930 | +€3,393 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,324 | -€21,930 | +€3,393 | +13.4% |
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 23 October 2026 via checked.be.