SOL EOL 2: 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 EOL 2
Largest movements
- Cash -€28,723
down €28,723 (-70.5%), from €40,721 to €11,998
mainly Net result for the year (-€30,733) and Trade debts (-€16,773)
- Receivables within one year -€18,928
down €18,928 (-77.7%), from €24,363 to €5,435
of which Trade receivables: -€15,407
- Tangible fixed assets -€11,899
down €11,899 (-24.5%), from €48,507 to €36,608
of which Furniture and vehicles: -€9,852
- Intangible fixed assets -€8,000
down €8,000 (-40.0%), from €19,989 to €11,989
- Profit (loss) carried forward -€30,733
down €30,733, from €1,120 to -€29,612
- Trade debts -€16,773
down €16,773 (-65.6%), from €25,578 to €8,806
- Other debts -€11,090
down €11,090 (-28.1%), from €39,534 to €28,444
- Advances received -€3,910
no longer reported in 2024 (was €3,910)
- Current portion of long-term debt -€2,675
no longer reported in 2024 (was €2,675)
- Gross operating margin -€68,876
down €68,876, from €60,377 to -€8,499
- Taxes -€8,288
down €8,288 (-98.3%), from €8,428 to €140
- Staff costs -€1,746
no longer reported in 2024 (was €1,746)
- Other operating charges -€932
down €932 (-56.8%), from €1,641 to €709
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,754 | €66,204 | -€67,550 | -50.5% |
| Fixed assets | 21/28 | €68,671 | €48,772 | -€19,899 | -29.0% |
| Intangible fixed assets | 21 | €19,989 | €11,989 | -€8,000 | -40.0% |
| Tangible fixed assets | 22/27 | €48,507 | €36,608 | -€11,899 | -24.5% |
| Plant, machinery and equipment | 23 | €8,301 | €6,254 | -€2,047 | -24.7% |
| Furniture and vehicles | 24 | €40,206 | €30,354 | -€9,852 | -24.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €65,083 | €17,433 | -€47,651 | -73.2% |
| Amounts receivable within one year | 40/41 | €24,363 | €5,435 | -€18,928 | -77.7% |
| Trade receivables | 40 | €19,123 | €3,716 | -€15,407 | -80.6% |
| Other amounts receivable | 41 | €5,240 | €1,719 | -€3,521 | -67.2% |
| Cash at bank and in hand | 54/58 | €40,721 | €11,998 | -€28,723 | -70.5% |
| Total equity and liabilities | 10/49 | €133,754 | €66,204 | -€67,550 | -50.5% |
| Equity | 10/15 | €51,120 | €20,388 | -€30,733 | -60.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,120 | -€29,612 | -€30,733 | |
| Amounts payable | 17/49 | €82,634 | €45,817 | -€36,817 | -44.6% |
| Amounts payable within one year | 42/48 | €82,634 | €45,817 | -€36,817 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €2,675 | - | -€2,675 | |
| Trade debts | 44 | €25,578 | €8,806 | -€16,773 | -65.6% |
| Suppliers | 440/4 | €25,578 | €8,806 | -€16,773 | -65.6% |
| Advances received on contracts in progress | 46 | €3,910 | - | -€3,910 | |
| Taxes, remuneration and social security | 45 | €10,938 | €8,567 | -€2,370 | -21.7% |
| Taxes | 450/3 | €9,136 | €8,567 | -€569 | -6.2% |
| Remuneration and social security | 454/9 | €1,802 | - | -€1,802 | |
| Other amounts payable | 47/48 | €39,534 | €28,444 | -€11,090 | -28.1% |
| Remuneration, social security and pensions | 62 | €1,746 | - | -€1,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,661 | €21,102 | +€441 | +2.1% |
| Other operating charges | 640/8 | €1,641 | €709 | -€932 | -56.8% |
| Gross operating margin | 9900 | €60,377 | -€8,499 | -€68,876 | |
| Operating profit (loss) | 9901 | €36,328 | -€30,310 | -€66,638 | |
| Financial charges | 65/66B | €390 | €283 | -€107 | -27.4% |
| Recurring financial charges | 65 | €390 | €283 | -€107 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €35,938 | -€30,593 | -€66,531 | |
| Income taxes | 67/77 | €8,428 | €140 | -€8,288 | -98.3% |
| Profit (loss) for the period | 9904 | €27,511 | -€30,733 | -€58,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,511 | -€30,733 | -€58,243 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.