SOL-E-TECH: 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-E-TECH
Largest movements
- Cash -€515,777
down €515,777 (-86.6%), from €595,550 to €79,773
mainly Current investments (-€450,000) and Receivables within one year (-€104,055)
- Current investments +€450,000
new in 2025: €450,000
- Receivables within one year +€104,055
up €104,055 (+29.8%), from €348,875 to €452,929
of which Trade receivables: +€107,271
- Tangible fixed assets -€18,940
down €18,940 (-8.6%), from €221,113 to €202,174
of which Land and buildings: -€14,690
- Stocks and contracts +€18,866
up €18,866 (+36.4%), from €51,869 to €70,734
- Other debts +€29,092
up €29,092 (+154.9%), from €18,782 to €47,874
- Reserves +€21,668
up €21,668 (+8.7%), from €247,637 to €269,305
- Debts after one year -€18,889
down €18,889 (-2.1%), from €890,788 to €871,899
of which Financial debts: -€18,889
- Gross operating margin -€83,940
down €83,940 (-42.2%), from €198,821 to €114,881
- Taxes -€26,663
down €26,663 (-75.3%), from €35,393 to €8,730
- Depreciation -€8,596
down €8,596 (-31.2%), from €27,536 to €18,940
- Financial income +€4,010
up €4,010 (+776.8%), from €516 to €4,526
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 | €1,221,349 | €1,259,843 | +€38,494 | +3.2% |
| Fixed assets | 21/28 | €221,113 | €202,174 | -€18,940 | -8.6% |
| Tangible fixed assets | 22/27 | €221,113 | €202,174 | -€18,940 | -8.6% |
| Land and buildings | 22 | €212,101 | €197,412 | -€14,690 | -6.9% |
| Furniture and vehicles | 24 | €9,012 | €4,762 | -€4,250 | -47.2% |
| Current assets | 29/58 | €1,000,236 | €1,057,669 | +€57,433 | +5.7% |
| Stocks and contracts in progress | 3 | €51,869 | €70,734 | +€18,866 | +36.4% |
| Stocks | 30/36 | €51,869 | €70,734 | +€18,866 | +36.4% |
| Amounts receivable within one year | 40/41 | €348,875 | €452,929 | +€104,055 | +29.8% |
| Trade receivables | 40 | €334,260 | €441,531 | +€107,271 | +32.1% |
| Other amounts receivable | 41 | €14,615 | €11,398 | -€3,217 | -22.0% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €595,550 | €79,773 | -€515,777 | -86.6% |
| Deferred charges and accrued income | 490/1 | €3,942 | €4,232 | +€290 | +7.4% |
| Total equity and liabilities | 10/49 | €1,221,349 | €1,259,843 | +€38,494 | +3.2% |
| Equity | 10/15 | €266,237 | €287,905 | +€21,668 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,637 | €269,305 | +€21,668 | +8.7% |
| Distributable reserves | 133 | €247,637 | €269,305 | +€21,668 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €955,112 | €971,938 | +€16,826 | +1.8% |
| Amounts payable after more than one year | 17 | €890,788 | €871,899 | -€18,889 | -2.1% |
| Financial debts | 170/4 | €190,788 | €171,899 | -€18,889 | -9.9% |
| Other amounts payable | 178/9 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,324 | €100,039 | +€35,714 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €18,622 | €18,889 | +€267 | +1.4% |
| Trade debts | 44 | €8,377 | €5,508 | -€2,869 | -34.3% |
| Suppliers | 440/4 | €8,377 | €5,508 | -€2,869 | -34.3% |
| Taxes, remuneration and social security | 45 | €18,544 | €27,768 | +€9,224 | +49.7% |
| Taxes | 450/3 | €12,474 | €18,798 | +€6,324 | +50.7% |
| Remuneration and social security | 454/9 | €6,069 | €8,970 | +€2,901 | +47.8% |
| Other amounts payable | 47/48 | €18,782 | €47,874 | +€29,092 | +154.9% |
| Remuneration, social security and pensions | 62 | €38,728 | €38,737 | +€9 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,536 | €18,940 | -€8,596 | -31.2% |
| Other operating charges | 640/8 | €3,384 | €4,364 | +€980 | +29.0% |
| Gross operating margin | 9900 | €198,821 | €114,881 | -€83,940 | -42.2% |
| Operating profit (loss) | 9901 | €129,173 | €52,841 | -€76,332 | -59.1% |
| Financial income | 75/76B | €516 | €4,526 | +€4,010 | +776.8% |
| Recurring financial income | 75 | €516 | €4,526 | +€4,010 | +776.8% |
| Financial charges | 65/66B | €22,445 | €21,969 | -€476 | -2.1% |
| Recurring financial charges | 65 | €22,445 | €21,969 | -€476 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €107,245 | €35,398 | -€71,846 | -67.0% |
| Income taxes | 67/77 | €35,393 | €8,730 | -€26,663 | -75.3% |
| Profit (loss) for the period | 9904 | €71,852 | €26,668 | -€45,184 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,852 | €26,668 | -€45,184 | -62.9% |
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 12 October 2026 via checked.be.